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) February 25, 2005

Bear Stearns Asset Backed Securities I LLC
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation)

333-113636
(Commission
File Number)

20-0842986
(IRS Employer
Identification No.)

383 Madison Avenue, New York, NY
(Address of principal executive offices)

10179
(Zip Code)

Registrant's telephone number, including area code 212-272-2000

(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))

Section 8 - Other Events

Item 8.01. Other Events.

This current report on Form 8-K relates to the monthly distribution reported to the holders of Bear Stearns Asset Backed Securities I Trust 2005-HE1, Asset-Backed Certificates, Series 2005-HE1, which was made on February 25, 2005.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

99.1 Monthly distribution report pursuant to section 5.06 of the Pooling and Servicing Agreement for the distribution on February 25, 2005.

(Exhibit No. Description)

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 hereunto duly authorized.

LASALLE BANK NATIONAL ASSOCIATION, IN ITS CAPACITY AS TRUSTEE UNDER THE POOLING AND SERVICING AGREEMENT ON BEHALF OF BEAR STEARNS ASSET BACKED SECURITIES I LLC, REGISTRANT

By: /s/ Russell Goldenberg
Russell Goldenberg
Group Senior Vice President

Date: March 2, 2005

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Reporting Package Table of Contents

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Administrator:
Leigh Gordon 312.904.4839
leigh.gordon@abnamro.com

Analyst:
Julie Kang 714.259.6208
julie.kang@abnamro.com

Statement Date:

135 S. LaSalle Street, Suite 1625
Chicago, IL 60603
USA

Statements to Certificateholders
Cash Reconciliation Summary
Bond Interest Reconciliation
Bond Principal Reconciliation

Shortfall Summary Report

Swap Summary Report - BSHE
Rating Information

Asset-Backed Facts ~ 15 Month Loan Status Summary Part I
Asset-Backed Facts ~ 15 Month Loan Status Summary Part II
Asset-Backed Facts ~ 15 Month Loan Payoff/Loss Summary

Page 2-5
Page 6-14
Page 15
Page 16

Page 17

Page 18
Page 19

Page 20-28
Page 29-37

Page 38-46

Realized Loss Detail

Page 47

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

BS005HE1

BS005HE1_200502_3.ZIP

Closing Date:

First Payment Date:

Rated Final Payment: Date:

28-Jan-05
25-Feb-05

25-Jan-35

Parties to The Transaction

Issuer: Bear Stearns & Co. Inc.

Depositor: Bear Stearns Asset Backed Securities, Inc.

Underwriter: Bear Stearns & Co. Inc.

Master Servicer: EMC Mortgage Corporation

Rating Agency: Moody's Investors Service, Inc./Standard & Poor's Ratings Services

800.246.5761

LaSalle Factor Line

LaSalle Web Site

Servicer Web Site

www.emcmortgagecorp.com

www.etrustee.net

Page 1 of 47

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:
Current Index:
Next Index:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

7.395964%

2.550000%
2.650000%

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2005-HE1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

352

REMIC III

Statement Date:

ABN AMRO Acct: 722299.2

1000.000000000

66.067420207

0.000000000

933.932579793

2.107777766

2.810000000%

0.00

0.000000000

2.71000000%

0.000000000

073879PL6

I-A-1

191,996,000.00

12,684,680.41

0.00

179,311,319.59

404,684.90

191,996,000.00

1000.000000000

0.000000000

1000.000000000

2.162222247

2.880000000%

0.00

0.000000000

2.78000000%

0.000000000

073879PM4

I-A-2

88,379,000.00

0.00

88,379,000.00

191,095.04

88,379,000.00

1000.000000000

0.000000000

1000.000000000

2.255555757

3.000000000%

0.00

0.000000000

2.90000000%

0.000000000

073879PN2

I-A-3

22,015,000.00

0.00

22,015,000.00

49,656.06

22,015,000.00

1000.000000000

28.625431353

0.000000000

971.374568647

2.193333338

2.920000000%

0.00

0.000000000

2.82000000%

0.000000000

073879PP7

II-A-1

721,706,000.00

20,659,145.56

0.00

701,046,854.44

1,582,941.83

721,706,000.00

1000.000000000

28.625431368

0.000000000

971.374568632

2.224444426

2.960000000%

0.00

0.000000000

2.86000000%

0.000000000

073879PQ5

II-A-2

180,426,000.00

5,164,772.08

0.00

175,261,227.92

401,347.61

180,426,000.00

1000.000000000

0.000000000

1000.000000000

2.395555511

3.180000000%

0.00

0.000000000

3.08000000%

0.000000000

073879PR3

M-1

100,250,000.00

0.00

100,250,000.00

240,154.44

100,250,000.00

1000.000000000

0.000000000

1000.000000000

2.628888916

3.480000000%

0.00

0.000000000

3.38000000%

0.000000000

073879PS1

M-2

81,263,000.00

0.00

81,263,000.00

213,631.40

81,263,000.00

1000.000000000

0.000000000

1000.000000000

2.706666545

3.580000000%

0.00

0.000000000

3.48000000%

0.000000000

073879PT9

M-3

27,341,000.00

0.00

27,341,000.00

74,002.97

27,341,000.00

1000.000000000

0.000000000

1000.000000000

3.111111287

4.100000000%

0.00

0.000000000

4.00000000%

0.000000000

073879PU6

M-4

18,987,000.00

0.00

18,987,000.00

59,070.67

18,987,000.00

1000.000000000

0.000000000

1000.000000000

3.188889011

4.200000000%

0.00

0.000000000

4.10000000%

0.000000000

073879PV4

M-5

18,227,000.00

0.00

18,227,000.00

58,123.88

18,227,000.00

1000.000000000

0.000000000

1000.000000000

3.888888825

5.100000000%

0.00

0.000000000

5.00000000%

0.000000000

073879PW2

M-6

17,468,000.00

0.00

17,468,000.00

67,931.11

17,468,000.00

1000.000000000

0.000000000

1000.000000000

5.094444495

6.650000000%

0.00

0.000000000

6.55000000%

0.000000000

073879PX0

M-7

22,025,000.00

0.00

22,025,000.00

112,205.14

22,025,000.00

1000.000000000

0.000000000

1000.000000000

139.505402062

0.00

4,026,070.99

139.505402062

N/A

0.000000000

28,859,606.37

0.00

28,859,606.37

4,026,070.99

28,859,606.37

1000.000000000

0.000000000

1000.000000000

6617835.200000000

0.00

661,783.52

6617835.200000000

N/A

0.000000000

100.00

0.00

100.00

661,783.52

100.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879QA9

R-1

0.00

Page 2 of 47

Notes: (1) N denotes notional balance not included in total (2) Accrued Interest Plus/Minus Interest Adjustment Minus Deferred Interest equals Interest Payment (3) Estimated. * Denotes Controlling Class

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 0

Next Rate(3)

WAC:
WAMM:
Current Index:
Next Index:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

7.395964%

2.550000%
2.650000%

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2005-HE1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

352

REMIC III

Statement Date:

ABN AMRO Acct: 722299.2

0.000000000

0.00

0.000000000

N/A

0.000000000

073879QB7

R-2

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879QD3

R-3

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879QC5

0.00

Total P&I Payment

0.00

4,687,854.51

1,518,942,706.37

46,651,297.61

Total

1,480,434,108.32

38,508,598.05

0.00

8,142,699.56

Page 3 of 47

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:
Current Index:
Next Index:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

7.395964%

2.550000%
2.650000%

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2005-HE1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

352

REMIC IV

Statement Date:

ABN AMRO Acct: 722299.2

1000.000000000

0.000000000

1000.000000000

139.505402062

0.00

4,026,070.99

139.505402062

N/A

0.000000000

073879PZ5

28,859,606.37

0.00

28,859,606.37

4,026,070.99

28,859,606.37

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABST801

R-4

0.00

Total P&I Payment

0.00

4,026,070.99

28,859,606.37

4,026,070.99

Total

28,859,606.37

0.00

4,026,070.99

Page 4 of 47

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:
Current Index:
Next Index:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

7.395964%

2.550000%
2.650000%

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2005-HE1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

352

REMIC V

Statement Date:

ABN AMRO Acct: 722299.2

1000.000000000

0.000000000

1000.000000000

6617835.200000000

0.00

661,783.52

6617835.200000000

N/A

0.000000000

073879PY8

100.00

0.00

100.00

661,783.52

100.00

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABST802

R-5

0.00

Total P&I Payment

0.00

661,783.52

100.00

661,783.52

Total

100.00

0.00

661,783.52

Page 5 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Statement Date:

Cash Reconciliation Summary

Interest Summary

Total Trustee Fees

Available Interest

9,389,076.35

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

1,020,687.11

375,863.64

37,112,047.30

0.00
0.00
0.00

47,899,193.35

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

1,518,942,606.37

1,020,687.11

37,487,910.94

0.00
0.00
0.00

1,480,434,008.32

8,991

177

0
0

8,814

583,634.27

Extra Principal

Trigger Event

0.00

38,508,598.05

Over Collateralization Amt

28,859,606.37

Less Extra Principal

Remittance Interest

0.00

9,389,076.35

0.00

37,487,910.94

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(1,518.94

9,390,595.30

Total Fees

585,153.21

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.11

0.00

1,518.94

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 6 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Statement Date:

Cash Reconciliation Summary Group I Loans - Fixed 1st Lien

Interest Summary

Total Trustee Fees

Available Interest

180,947.55

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

25,692.76

176.34

0.00
0.00
0.00
0.00

206,849.52

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

32,867,582.34

25,692.76

176.34

0.00
0.00
0.00

32,841,713.24

137

0
0

137

13,694.83

Extra Principal

Trigger Event

0.00

25,869.10

Over Collateralization Amt

28,859,606.37

Remittance Interest

180,947.55

0.00

176.34

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(32.87

180,980.42

Total Fees

13,727.69

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.11

0.00

32.87

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 7 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Statement Date:

Cash Reconciliation Summary Group I Loans - Fixed 2nd Lien

Interest Summary

Total Trustee Fees

Available Interest

90,664.82

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

7,991.20

1,111.27

344,512.29

0.00
0.00
0.00

444,290.11

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

10,536,161.72

7,991.20

345,623.56

0.00
0.00
0.00

10,182,546.96

154

0
0

148

2,915.52

Extra Principal

Trigger Event

0.00

353,614.76

Over Collateralization Amt

28,859,606.37

Remittance Interest

90,664.82

0.00

345,623.56

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(10.54

90,675.35

Total Fees

2,926.06

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.11

0.00

10.54

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 8 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Statement Date:

Cash Reconciliation Summary Group I Loans - ARM-228

Interest Summary

Total Trustee Fees

Available Interest

1,677,125.04

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

157,116.33

7,601.24

10,722,639.81

0.00
0.00
0.00

12,564,771.64

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

289,219,486.40

157,116.33

10,730,241.05

0.00
0.00
0.00

278,332,129.02

1,308

0
0

1,267

109,981.17

Extra Principal

Trigger Event

0.00

10,887,357.38

Over Collateralization Amt

28,859,606.37

Remittance Interest

1,677,125.04

0.00

10,730,241.05

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(289.22

1,677,414.26

Total Fees

110,270.39

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.11

0.00

289.22

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 9 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Statement Date:

Cash Reconciliation Summary Group I Loans - ARM-327

Interest Summary

Total Trustee Fees

Available Interest

292,697.47

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

29,725.52

608.84

1,387,504.81

0.00
0.00
0.00

1,710,585.49

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

48,852,693.77

29,725.52

1,388,113.65

0.00
0.00
0.00

47,434,854.60

269

0
0

264

18,467.87

Extra Principal

Trigger Event

0.00

1,417,839.17

Over Collateralization Amt

28,859,606.37

Remittance Interest

292,697.47

0.00

1,388,113.65

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(48.85

292,746.32

Total Fees

18,516.72

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.11

0.00

48.85

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 10 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Statement Date:

Cash Reconciliation Summary Group II Loans - Fixed 1st Lien

Interest Summary

Total Trustee Fees

Available Interest

1,168,044.32

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

176,832.99

4,013.93

2,832,826.60

0.00
0.00
0.00

4,181,918.28

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

200,443,669.59

176,832.99

2,836,840.53

0.00
0.00
0.00

197,429,996.07

1,422

0
0

1,405

77,518.62

Extra Principal

Trigger Event

0.00

3,013,673.52

Over Collateralization Amt

28,859,606.37

Remittance Interest

1,168,044.32

0.00

2,836,840.53

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(200.44

1,168,244.76

Total Fees

77,719.06

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.11

0.00

200.44

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 11 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Statement Date:

Cash Reconciliation Summary Group II Loans - Fixed 2nd Lien

Interest Summary

Total Trustee Fees

Available Interest

81,257.04

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

7,043.83

15,796.39

179,925.45

0.00
0.00
0.00

284,032.39

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

9,682,405.03

7,043.83

195,721.84

0.00
0.00
0.00

9,479,639.36

274

0
0

270

3,216.05

Extra Principal

Trigger Event

0.00

202,765.67

Over Collateralization Amt

28,859,606.37

Remittance Interest

81,257.04

0.00

195,721.84

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(9.68

81,266.72

Total Fees

3,225.73

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.11

0.00

9.68

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 12 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Statement Date:

Cash Reconciliation Summary Group II Loans - ARM 228

Interest Summary

Total Trustee Fees

Available Interest

4,440,115.56

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

503,413.37

342,505.19

18,407,738.33

0.00
0.00
0.00

23,694,553.05

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

780,599,124.81

503,413.37

18,750,243.52

0.00
0.00
0.00

761,345,467.92

4,471

0
0

4,383

300,971.47

Extra Principal

Trigger Event

0.00

19,253,656.89

Over Collateralization Amt

28,859,606.37

Remittance Interest

4,440,115.56

0.00

18,750,243.52

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(780.60

4,440,896.16

Total Fees

301,752.07

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.11

0.00

780.60

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 13 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Statement Date:

Cash Reconciliation Summary Group II Loans - ARM 327

Interest Summary

Total Trustee Fees

Available Interest

796,441.05

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

112,871.11

4,050.44

3,236,900.01

0.00
0.00
0.00

4,150,409.35

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

146,741,482.71

112,871.11

3,240,950.45

0.00
0.00
0.00

143,387,661.15

956

0
0

940

56,868.75

Extra Principal

Trigger Event

0.00

3,353,821.56

Over Collateralization Amt

28,859,606.37

Remittance Interest

796,441.05

0.00

3,240,950.45

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(146.74

796,587.79

Total Fees

57,015.49

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.11

0.00

146.74

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 14 of 47

Bear Stearns Asset Backed Securities I Trust

Class

Accrued

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Bond Interest Reconciliation

Deductions

Allocable

Deferred &

Prior

Prepay-

Other

Additions

Interest

Credit Support

Original

Current(4)

Accrual

Int. Short-

falls Due

ment

Interest

Interest (2)

Payment

Amount

PPIS

Interest

Certificate

Accretion

Interest

Loss/Exp

Interest

Penalties

Proceeds (1)

Interest

Shortfalls

Certificate

Rate

Pass

Thru

Method Days

Outstanding

Remaining

Statement Date:

Distributable

Current Period

(Shortfall)/

Recovery

Int Accrual

on Prior

Shortfall (3)

0.00

I-A-1

404,684.90

0.00

19.16%

19.67%

Act/360

2.710000000%

0.00

I-A-2

191,095.04

0.00

19.16%

19.67%

Act/360

2.780000000%

0.00

I-A-3

49,656.06

0.00

19.16%

19.67%

Act/360

2.900000000%

0.00

II-A-1

1,582,941.83

0.00

19.16%

19.67%

Act/360

2.820000000%

0.00

II-A-2

401,347.61

0.00

19.16%

19.67%

Act/360

2.860000000%

0.00

M-1

240,154.44

0.00

12.44%

12.77%

Act/360

3.080000000%

0.00

M-2

213,631.40

0.00

6.98%

7.17%

Act/360

3.380000000%

0.00

M-3

74,002.97

0.00

5.15%

5.28%

Act/360

3.480000000%

0.00

M-4

59,070.67

0.00

3.87%

3.98%

Act/360

4.000000000%

0.00

M-5

58,123.88

0.00

2.65%

2.72%

Act/360

4.100000000%

0.00

M-6

67,931.11

0.00

1.48%

1.52%

Act/360

5.000000000%

0.00

M-7

112,205.14

0.00

0.00%

Act/360

6.550000000%

0.00

4,026,070.99

0.00

4,026,070.99

0.00

30/360

0.000000000%

0.00

661,783.52

0.00

661,783.52

0.00

0.000000000%

0.00

661,783.52 4,026,070.99

3,454,845.05

8,142,699.56

0.00

(2) Accrued - Deductions + Additions Interest

(3) Includes interest accrued on outstanding Interest Shortfalls and/or Loss Allocations. Where applicable.

Page 15 of 47

(1) Other Interest Proceeds are additional interest amounts specifically allocated to the bond(s) and used in determining the bonds Distributable Interest.

(4) Determined as follows: (A) the ending balance of all the classes less (B) the sum of (i) the ending balance of the class and (ii) the ending balance of all classes which are not subordinate to the class divided by (A).

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Bond Principal Reconciliation

Credit Support

Original

Current(4)

ABN AMRO

LaSalle Bank

N.A.

Statement Date:

Beginning

Class Balance

Unscheduled

Principal

Payment

Extra

Principal

Payment Amt

Prior

Loss

Reimburs.

Rated

Final

Maturity

Class

Current

Losses

Original

Class Balance

Scheduled

Principal

Payment

Ending

Class Balance

Cumulative

Losses

Interest on

Losses

Additions

Losses

I-A-1

19.16%

19.67%

1/25/2035

179,311,319.59

0.00

191,996,000.00

220,525.81

0.00

12,464,154.60

I-A-2

19.16%

19.67%

1/25/2035

88,379,000.00

0.00

88,379,000.00

0.00

I-A-3

19.16%

19.67%

1/25/2035

22,015,000.00

0.00

22,015,000.00

0.00

II-A-1

19.16%

19.67%

1/25/2035

701,046,854.44

0.00

721,706,000.00

640,129.39

0.00

20,019,016.17

II-A-2

19.16%

19.67%

1/25/2035

175,261,227.92

0.00

180,426,000.00

160,031.91

0.00

5,004,740.17

M-1

12.44%

12.77%

1/25/2035

100,250,000.00

0.00

100,250,000.00

0.00

M-2

6.98%

7.17%

1/25/2035

81,263,000.00

0.00

81,263,000.00

0.00

M-3

5.15%

5.28%

1/25/2035

27,341,000.00

0.00

27,341,000.00

0.00

M-4

3.87%

3.98%

1/25/2035

18,987,000.00

0.00

18,987,000.00

0.00

M-5

2.65%

2.72%

1/25/2035

18,227,000.00

0.00

18,227,000.00

0.00

M-6

1.48%

1.52%

1/25/2035

17,468,000.00

0.00

17,468,000.00

0.00

M-7

0.00%

1/25/2035

22,025,000.00

0.00

22,025,000.00

0.00

1/25/2035

28,859,606.37

0.00

28,859,606.37

0.00

1/25/2035

100.00

0.00

100.00

0.00

1/25/2035

0.00

1,020,687.11

0.00

37,487,910.94

0.00

1,518,942,706.37

1,480,434,108.32

1,518,942,706.37

Page 16 of 47

(1) Extra Principal Amounts: the lessor of (i) the excess, if any, of the overcollateralization Target Amount over the Overcollateralization Amount.

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Interest Adjustments Summary

Statement Date:

0.00

Special Servicing Fees

Workout Fees

Liquidation Fees

Legal Fees

0.00

Misc. Fees & Expenses Paid by/to Servicer

Interest Paid to Servicer on Outstanding Advances

0.00

ASER Interest Advance Reduction

Interest Not Advanced (Current Period)

Recoup of Prior Advances by Servicer

0.00

Servicing Fees Paid Servicer on Loans Not Advanced

Misc. Fees & Expenses Paid by Trust

0.00

Shortfall Due to Rate Modification

Total Shortfall Allocated to the Bonds

Total Interest Adjustment to the Bonds

0.00

Shortfall Allocated to the Bonds:

Excess Allocated to the Bonds:

Other Interest Proceeds Due the Bonds

Yield Maintenance Penalties Due the Bonds

Prepayment Penalties Due the Bonds

Recovered ASER Interest Due the Bonds

Recovered Interest Due the Bonds

Less Total Shortfall Allocated to the Bonds

Total Excess Allocated to the Bonds

661,783.52

661,783.52

Total Excess Allocated to the Bonds

661,783.52

0.00

Aggregate Interest Adjustment Allocated to the Bonds

0.00

661,783.52

0.00

Prepayment Interest Excess Due the Bonds

0.00

ARD Excess Interest

0.00

Net Prepayment Int. Shortfalls Allocated to the Bonds

Other Interest Loss

Page 17 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

SWAP Payments

Statement Date:

Net Swap payment payable to the Swap Provider......................................................................................

Net Swap payment payable to the Swap Administrator...............................................................................

Swap Termination payment payable to the Swap Administrator...........................................................

Swap Termination payment payable to the Swap Provider....................................................................

1,246,376.79

0.00

Page 18 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Rating Information

Class

CUSIP

Fitch

Moody's

S&P

Fitch

Moody's

S&P

Original Ratings

Rating Change/Change Date(1)

Statement Date:

I-A-1

073879PL6

Aaa

AAA

I-A-2

073879PM4

Aaa

AAA

I-A-3

073879PN2

Aaa

AAA

II-A-1

073879PP7

Aaa

AAA

II-A-2

073879PQ5

Aaa

AAA

M-1

073879PR3

Aa2

M-2

073879PS1

M-3

073879PT9

A-

M-4

073879PU6

Baa1

BBB+

M-5

073879PV4

Baa2

BBB

M-6

073879PW2

Baa3

BBB-

M-7

073879PX0

Ba2

073879PZ5

073879PY8

Page 19 of 47

NR - Designates that the class was not rated by the rating agency.

(1) Changed ratings provided on this report are based on information provided by the applicable rating agency via electronic transmission. It shall be
understood that this transmission will generally have been provided to LaSalle within 30 days of the payment date listed on this statement. Because ratings may have
changed during the 30 day window, or may not be being provided by the rating agency in an electronic format and therefore not being updated on
this report, LaSalle recommends that investors obtain current rating information directly from the rating agency.

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

2.24%

2.30%

0.05%

0.00%

25-Feb-05

197

34,012,083

672,133

8,613

1,445,749,793

97.72%

97.66%

Page 20 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group I Loans - Fixed 1st Lien

0.73%

0.37%

0.00%

25-Feb-05

121,748

136

32,719,966

99.27%

99.63%

Page 21 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group I Loans - Fixed 2nd Lien

2.03%

2.05%

0.00%

25-Feb-05

208,667

145

9,973,880

97.97%

97.95%

Page 22 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group I Loans - ARM-228

2.45%

2.32%

0.08%

0.05%

0.00%

25-Feb-05

6,451,939

151,777

1,235

271,728,412

97.47%

97.63%

Page 23 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group I Loans - ARM-327

4.55%

2.86%

0.00%

25-Feb-05

1,356,106

252

46,078,749

95.45%

97.14%

Page 24 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group II Loans - Fixed 1st Lien

1.00%

1.01%

0.00%

25-Feb-05

1,986,780

1,391

195,443,216

99.00%

98.99%

Page 25 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group II Loans - Fixed 2nd Lien

0.37%

0.55%

0.00%

25-Feb-05

51,889

269

9,427,750

99.63%

99.45%

Page 26 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group II Loans - ARM 228

2.67%

2.76%

0.05%

0.04%

0.00%

25-Feb-05

117

20,979,350

301,142

4,264

740,064,976

97.28%

97.20%

Page 27 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group II Loans - ARM 327

1.91%

1.99%

0.11%

0.15%

0.00%

25-Feb-05

2,855,604

219,214

921

140,312,844

97.98%

97.86%

Page 28 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

25-Feb-05

107,754

0.00%

0.01%

0.01% 0.00%

0.00% 0.00%

0.00%

0.09%

0.05%

780,303

0.00%

Page 29 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Group I Loans - Fixed 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

25-Feb-05

0.00%

0.00% 0.00%

0.00%

Page 30 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Group I Loans - Fixed 2nd Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

25-Feb-05

0.00%

0.00% 0.00%

0.00%

Page 31 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Group I Loans - ARM-228

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

25-Feb-05

0.00%

0.00% 0.00%

0.00%

0.08%

0.03%

70,207

0.00%

Page 32 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Group I Loans - ARM-327

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

25-Feb-05

0.00%

0.00% 0.00%

0.00%

0.38%

0.19%

90,848

0.00%

Page 33 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Group II Loans - Fixed 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

25-Feb-05

0.00%

0.00% 0.00%

0.00%

0.07%

0.05%

93,231

0.00%

Page 34 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Group II Loans - Fixed 2nd Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

25-Feb-05

0.00%

0.00% 0.00%

0.00%

Page 35 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Group II Loans - ARM 228

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

25-Feb-05

107,754

0.00%

0.02%

0.01% 0.00%

0.00% 0.00%

0.00%

0.07%

0.04%

299,004

0.00%

Page 36 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Group II Loans - ARM 327

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

25-Feb-05

0.00%

0.00% 0.00%

0.00%

0.21%

0.16%

227,012

0.00%

Page 37 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

25-Feb-05

8,814

98.03%

1,480,434,008

97.46%

1.97%

2.44%

0.00%

352

7.40%

6.89%

177

37,112,047

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 38 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Group I Loans - Fixed 1st Lien

25-Feb-05

137

1.52%

32,841,713

2.16%

0.00%

350

7.11%

6.61%

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 39 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Group I Loans - Fixed 2nd Lien

25-Feb-05

148

1.65%

10,182,547

0.67%

3.90%

3.27%

0.00%

222

10.83%

10.33%

344,512

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 40 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Group I Loans - ARM-228

25-Feb-05

1,267

14.09%

278,332,129

18.32%

3.13%

3.71%

0.00%

356

7.46%

6.96%

10,722,640

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 41 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Group I Loans - ARM-327

25-Feb-05

264

2.94%

47,434,855

3.12%

1.86%

2.84%

0.00%

355

7.69%

7.19%

1,387,505

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 42 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Group II Loans - Fixed 1st Lien

25-Feb-05

1,405

15.63%

197,429,996

13.00%

1.20%

1.41%

0.00%

342

7.49%

6.99%

2,832,827

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 43 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Group II Loans - Fixed 2nd Lien

25-Feb-05

270

3.00%

9,479,639

0.62%

1.46%

1.86%

0.00%

242

10.57%

10.07%

179,925

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 44 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Group II Loans - ARM 228

25-Feb-05

4,383

48.75%

761,345,468

50.12%

1.97%

2.36%

0.00%

356

7.33%

6.83%

18,407,738

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 45 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Group II Loans - ARM 327

25-Feb-05

940

10.45%

143,387,661

9.44%

1.67%

2.21%

0.00%

355

7.01%

6.51%

3,236,900

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 46 of 47

Bear Stearns Asset Backed Securities I Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

25-Feb-05
25-Feb-05

N/A

25-Mar-05

24-Feb-05

Asset-Backed Certificates

Series 2005-HE1

ABN AMRO Acct: 722299.2

Realized Loss Detail

Period

Disclosure

Control #

Appraisal

Date

Appraisal

Value

Beginning
Scheduled

Balance

Gross

Proceeds

Gross Proceeds

as a % of

Sched. Balance

Aggregate

Liquidation
Expenses *

Net

Liquidation

Proceeds

Net Proceeds

as a % of

Sched. Balance

Realized

Loss

Statement Date:

Current Total
Cumulative

Page 47 of 47

* Aggregate liquidation expenses also include outstanding P&I advances and unpaid servicing fees, unpaid trustee fees, etc..

Filing Compare · BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-HE1