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) May 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, New York
(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-HE2, Asset-Backed Certificates, Series 2005-HE2, which was made on May 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 May 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: May 31, 2005

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Reporting Package Table of Contents

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Administrator:
Megan Olson 312.904.6709
megan.olson@abnamro.com

Analyst:
William Wong 714.259.6243
william.wong@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
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 2-3
Page 4-16
Page 17
Page 18

Page 19

Page 20
Page 21

Page 22-34
Page 35-47

Page 48-60

Realized Loss Detail

Page 61

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

BS005HE2

BS005HE2_200505_3.ZIP

Closing Date:

First Payment Date:

Rated Final Payment: Date:

28-Feb-05
25-Mar-05

25-Feb-35

Parties to The Transaction

Issuer: Bear Stearns & Co. Inc.

Underwriter: Bear Stearns & Co. Inc.

Master Servicer: EMC Mortgage Corporation

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

800.246.5761

LaSalle Factor Line

LaSalle Web Site

Servicer Web Site

www.emcmortgagecorp.com

www.etrustee.net

Page 1 of 61

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:

7.348984%

3.020000%
3.090000%

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Securities

Series 2005-HE2

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

349

Bond Payments

Statement Date:

ABN AMRO Acct: 722402.1

934.975346553

38.714130675

0.000000000

896.261215879

2.438727373

3.200000000%

0.00

0.000000000

3.13000000%

0.000000000

073879QS0

I-A-1

110,488,000.00

4,277,446.87

0.00

99,026,109.22

269,450.11

103,303,556.09

1000.000000000

0.000000000

1000.000000000

2.716666667

3.330000000%

0.00

0.000000000

3.26000000%

0.000000000

073879QT8

I-A-2

52,281,000.00

0.00

52,281,000.00

142,030.05

52,281,000.00

1000.000000000

0.000000000

1000.000000000

2.808333213

3.440000000%

0.00

0.000000000

3.37000000%

0.000000000

073879QU5

I-A-3

13,799,000.00

0.00

13,799,000.00

38,752.19

13,799,000.00

966.415871244

33.822454008

0.000000000

932.593417236

2.633483272

3.340000000%

0.00

0.000000000

3.27000000%

0.000000000

073879QV3

II-A-1

176,116,000.00

5,956,675.31

0.00

164,244,622.27

463,798.54

170,201,297.58

966.415871358

33.822454064

0.000000000

932.593417293

2.681804038

3.400000000%

0.00

0.000000000

3.33000000%

0.000000000

073879QW1

II-A-2

44,029,000.00

1,489,168.83

0.00

41,061,155.57

118,077.15

42,550,324.40

960.347440851

23.464767148

0.000000000

936.882673703

2.608943840

3.330000000%

0.00

0.000000000

3.26000000%

0.000000000

073879QX9

III-A-1

92,183,000.00

2,163,052.63

0.00

86,364,655.51

240,500.27

88,527,708.14

960.347440337

23.464767422

0.000000000

936.882672915

2.648958171

3.380000000%

0.00

0.000000000

3.31000000%

0.000000000

073879QY7

III-A-2

23,046,000.00

540,769.03

0.00

21,591,398.08

61,047.89

22,132,167.11

1000.000000000

0.000000000

1000.000000000

2.933333333

3.590000000%

0.00

0.000000000

3.52000000%

0.000000000

073879QZ4

M-1

43,149,000.00

0.00

43,149,000.00

126,570.40

43,149,000.00

1000.000000000

0.000000000

1000.000000000

3.141666763

3.840000000%

0.00

0.000000000

3.77000000%

0.000000000

073879RA8

M-2

34,714,000.00

0.00

34,714,000.00

109,059.82

34,714,000.00

1000.000000000

0.000000000

1000.000000000

3.175000000

3.880000000%

0.00

0.000000000

3.81000000%

0.000000000

073879RB6

M-3

9,408,000.00

0.00

9,408,000.00

29,870.40

9,408,000.00

1000.000000000

0.000000000

1000.000000000

3.516667009

4.290000000%

0.00

0.000000000

4.22000000%

0.000000000

073879RC4

M-4

9,733,000.00

0.00

9,733,000.00

34,227.72

9,733,000.00

1000.000000000

0.000000000

1000.000000000

3.600000000

4.390000000%

0.00

0.000000000

4.32000000%

0.000000000

073879RD2

M-5

7,462,000.00

0.00

7,462,000.00

26,863.20

7,462,000.00

1000.000000000

0.000000000

1000.000000000

4.266666153

5.190000000%

0.00

0.000000000

5.12000000%

0.000000000

073879RE0

M-6

6,488,000.00

0.00

6,488,000.00

27,682.13

6,488,000.00

1000.000000000

0.000000000

1000.000000000

5.016666153

6.090000000%

0.00

0.000000000

6.02000000%

0.000000000

073879RF7

M-7

6,488,000.00

0.00

6,488,000.00

32,548.13

6,488,000.00

1000.000000000

0.000000000

1000.000000000

5.016666153

6.090000000%

0.00

0.000000000

6.02000000%

0.000000000

073879RG5

M-8

6,488,000.00

0.00

6,488,000.00

32,548.13

6,488,000.00

Page 2 of 61

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 $ 1000

Next Rate(3)

WAC:
WAMM:
Current Index:
Next Index:

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

7.348984%

3.020000%
3.090000%

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Securities

Series 2005-HE2

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

349

Bond Payments

Statement Date:

ABN AMRO Acct: 722402.1

1000.000000000

0.000000000

1000.000000000

111.474412613

0.00

1,446,649.40

111.474412613

N/A

0.000000000

073879RH3

12,977,412.18

0.00

12,977,412.18

1,446,649.40

12,977,412.18

1000.000000000

0.000000000

1000.000000000

1900923.300000000

0.00

190,092.33

1900923.300000000

N/A

0.000000000

073879RJ9

100.00

0.00

100.00

190,092.33

100.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879RK6

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879RL4

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879RM2

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879RN0

0.00

Total P&I Payment

0.00

1,636,741.73

648,849,512.18

629,702,565.50

17,816,880.53

Total

615,275,452.83

14,427,112.67

0.00

3,389,767.86

Page 3 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary

Interest Summary

Total Trustee Fees

Available Interest

3,781,329.66

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

380,794.45

20,094.70

14,026,223.52

0.00
0.00
0.00

18,211,223.52

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

629,702,465.50

380,794.45

14,046,318.22

0.00
0.00
0.00

615,275,352.83

3,652

0
0

3,586

254,643.33

Extra Principal

Trigger Event

0.00

14,427,112.67

Over Collateralization Amt

12,977,412.18

Less Extra Principal

Remittance Interest

0.00

3,781,329.66

0.00

14,046,318.22

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(2,781.19

3,784,110.85

Total Fees

257,424.51

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.81

0.00

2,781.19

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 4 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary Group I Loans - Fixed 1st Lien

Interest Summary

Total Trustee Fees

Available Interest

137,835.02

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

19,622.75

)

(591.06

0.00
0.00
0.00
0.00

156,971.64

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

23,757,996.82

19,622.75

)

(591.06

0.00
0.00
0.00

23,738,965.13

142

0
0

142

9,899.17

Trigger Event

19,031.69

Over Collateralization Amt

12,977,412.18

Remittance Interest

137,835.02

0.00

)

(591.06

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(104.93

137,939.95

Total Fees

10,004.10

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.81

0.00

104.93

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 5 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary Group I Loans - Fixed 2nd Lien

Interest Summary

Total Trustee Fees

Available Interest

94,124.69

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

5,921.71

699.00

395,191.61

0.00
0.00
0.00

495,980.56

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

9,858,443.87

5,921.71

395,890.61

0.00
0.00
0.00

9,456,631.55

121

0
0

116

3,948.27

Trigger Event

401,812.32

Over Collateralization Amt

12,977,412.18

Remittance Interest

94,124.69

0.00

395,890.61

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(43.54

94,168.24

Total Fees

3,991.81

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.81

0.00

43.54

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 6 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary Group I Loans - ARM 228

Interest Summary

Total Trustee Fees

Available Interest

890,014.03

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

78,251.76

6,438.00

3,386,976.47

0.00
0.00
0.00

4,362,367.74

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

155,656,162.67

78,251.76

3,393,414.47

0.00
0.00
0.00

152,184,496.44

593

0
0

582

61,891.47

Trigger Event

3,471,666.23

Over Collateralization Amt

12,977,412.18

Remittance Interest

890,014.03

0.00

3,393,414.47

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(687.48

890,701.51

Total Fees

62,578.95

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.81

0.00

687.48

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 7 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary Group I Loans - ARM 327

Interest Summary

Total Trustee Fees

Available Interest

160,257.90

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

14,908.42

)

(2,105.38

372,133.59

0.00
0.00
0.00

545,315.23

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

27,329,697.60

14,908.42

370,028.21

0.00
0.00
0.00

26,944,760.97

144

0
0

143

11,387.37

Trigger Event

384,936.63

Over Collateralization Amt

12,977,412.18

Remittance Interest

160,257.90

0.00

370,028.21

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(120.71

160,378.60

Total Fees

11,508.08

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.81

0.00

120.71

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 8 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary Group II Loans - Fixed 1st Lien

Interest Summary

Total Trustee Fees

Available Interest

257,368.30

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

38,826.49

127.03

628,787.46

0.00
0.00
0.00

925,307.42

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

44,862,058.67

38,826.49

628,914.49

0.00
0.00
0.00

44,194,317.69

310

0
0

307

17,484.82

Trigger Event

667,740.98

Over Collateralization Amt

12,977,412.18

Remittance Interest

257,368.30

0.00

628,914.49

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(198.14

257,566.44

Total Fees

17,682.96

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.81

0.00

198.14

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 9 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary Group II Loans - Fixed 2nd Lien

Interest Summary

Total Trustee Fees

Available Interest

33,262.76

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

2,617.78

271.72

45,944.60

0.00
0.00
0.00

82,114.76

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

4,052,490.02

2,617.78

46,216.32

0.00
0.00
0.00

4,003,655.92

102

0
0

101

1,655.66

Trigger Event

48,834.10

Over Collateralization Amt

12,977,412.18

Remittance Interest

33,262.76

0.00

46,216.32

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(17.90

33,280.66

Total Fees

1,673.56

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.81

0.00

17.90

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 10 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary Group II Loans - ARM 228

Interest Summary

Total Trustee Fees

Available Interest

1,164,950.77

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

117,784.75

8,880.65

5,812,282.43

0.00
0.00
0.00

7,104,746.08

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

191,881,553.23

117,784.75

5,821,163.08

0.00
0.00
0.00

185,942,605.40

1,167

0
0

1,139

78,141.23

Trigger Event

5,938,947.83

Over Collateralization Amt

12,977,412.18

Remittance Interest

1,164,950.77

0.00

5,821,163.08

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(847.48

1,165,798.25

Total Fees

78,988.71

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.81

0.00

847.48

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 11 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary Group II Loans - ARM 327

Interest Summary

Total Trustee Fees

Available Interest

183,763.95

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

17,489.24

832.68

771,999.31

0.00
0.00
0.00

974,221.34

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

30,828,646.64

17,489.24

772,831.99

0.00
0.00
0.00

30,038,325.41

180

0
0

177

12,626.33

Trigger Event

790,321.23

Over Collateralization Amt

12,977,412.18

Remittance Interest

183,763.95

0.00

772,831.99

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(136.16

183,900.11

Total Fees

12,762.49

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.81

0.00

136.16

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 12 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary Group III Loans - Fixed 1st Lien

Interest Summary

Total Trustee Fees

Available Interest

127,117.42

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

21,787.94

991.73

206,795.33

0.00
0.00
0.00

356,790.73

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

22,259,390.21

21,787.94

207,787.06

0.00
0.00
0.00

22,029,815.21

160

0
0

159

9,274.75

Trigger Event

229,575.00

Over Collateralization Amt

12,977,412.18

Remittance Interest

127,117.42

0.00

207,787.06

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(98.31

127,215.73

Total Fees

9,373.06

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.81

0.00

98.31

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 13 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary Group III Loans - Fixed 2nd Lien

Interest Summary

Total Trustee Fees

Available Interest

23,691.28

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

1,699.30

143.53

0.00
0.00
0.00
0.00

25,546.72

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

2,855,283.84

1,699.30

143.53

0.00
0.00
0.00

2,853,441.01

0
0

1,189.70

Trigger Event

1,842.83

Over Collateralization Amt

12,977,412.18

Remittance Interest

23,691.28

0.00

143.53

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(12.61

23,703.89

Total Fees

1,202.31

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.81

0.00

12.61

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 14 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary Group III Loans - ARM 228

Interest Summary

Total Trustee Fees

Available Interest

633,655.25

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

52,677.53

4,207.32

2,406,112.72

0.00
0.00
0.00

3,097,108.29

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

103,125,522.63

52,677.53

2,410,320.04

0.00
0.00
0.00

100,662,525.06

587

0
0

574

41,629.88

Trigger Event

2,462,997.57

Over Collateralization Amt

12,977,412.18

Remittance Interest

633,655.25

0.00

2,410,320.04

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(455.47

634,110.72

Total Fees

42,085.35

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.81

0.00

455.47

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 15 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary Group III Loans - ARM 327

Interest Summary

Total Trustee Fees

Available Interest

75,288.30

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

9,206.78

199.48

0.00
0.00
0.00
0.00

84,753.01

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

13,235,219.30

9,206.78

199.48

0.00
0.00
0.00

13,225,813.04

0
0

5,514.67

Trigger Event

9,406.26

Over Collateralization Amt

12,977,412.18

Remittance Interest

75,288.30

0.00

199.48

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(58.46

75,346.75

Total Fees

5,573.13

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.81

0.00

58.46

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 16 of 61

Bear Stearns Asset Backed Securities I Trust

Class

Accrued

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Bond Interest Reconciliation

Deductions

Allocable

Deferred &

Prior

Prepay-

Other

Additions

Interest

Credit Support

Original

Current(4)

Accrual

Int. Short-

falls Due

ment

Interest

Int erest (2)

Payment

Amount

PPIS

Int erest

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)

5.00
1.00

0.00

I-A-1

269,450.11

0.00

19.49%

20.58%

Act/360

3.130000000%

0.00

I-A-2

142,030.05

0.00

19.49%

20.58%

Act/360

3.260000000%

0.00

I-A-3

38,752.19

0.00

19.49%

20.58%

Act/360

3.370000000%

0.00

II-A-1

463,798.54

0.00

19.49%

20.58%

Act/360

3.270000000%

0.00

II-A-2

118,077.15

0.00

19.49%

20.58%

Act/360

3.330000000%

0.00

III-A-1

240,500.27

0.00

19.49%

20.58%

Act/360

3.260000000%

0.00

III-A-2

61,047.89

0.00

19.49%

20.58%

Act/360

3.310000000%

0.00

M-1

126,570.40

0.00

12.70%

13.41%

Act/360

3.520000000%

0.00

M-2

109,059.82

0.00

7.24%

7.65%

Act/360

3.770000000%

0.00

M-3

29,870.40

0.00

5.77%

6.09%

Act/360

3.810000000%

0.00

M-4

34,227.72

0.00

4.23%

4.47%

Act/360

4.220000000%

0.00

M-5

26,863.20

0.00

3.06%

3.23%

Act/360

4.320000000%

0.00

M-6

27,682.13

0.00

2.04%

2.15%

Act/360

5.120000000%

0.00

M-7

32,548.13

0.00

1.02%

1.08%

Act/360

6.020000000%

0.00

M-8

32,548.13

0.00

0.00%

Act/360

6.020000000%

0.00

1,446,649.40

0.00

0.000000000%

0.00

190,092.33

0.00

190,092.33

0.00

0.000000000%

0.00

190,092.33

0.00

1,753,026.13

1,943,118.46

3,389,767.86

0.00

(2) Accrued - Deductions + Additions Interest

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

Page 17 of 61

(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-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Bond Principal Reconciliation

Credit Support

Original

Current(4)

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

5.00
1.00

I-A-1

19.49%

20.58%

2/28/2035

99,026,109.22

0.00

103,303,556.09

110,488,000.00

118,704.64

0.00

4,158,742.23

I-A-2

19.49%

20.58%

2/28/2035

52,281,000.00

0.00

52,281,000.00

0.00

I-A-3

19.49%

20.58%

2/28/2035

13,799,000.00

0.00

13,799,000.00

0.00

II-A-1

19.49%

20.58%

2/28/2035

164,244,622.27

0.00

170,201,297.58

176,116,000.00

141,374.61

0.00

5,815,300.70

II-A-2

19.49%

20.58%

2/28/2035

41,061,155.57

0.00

42,550,324.40

44,029,000.00

35,343.65

0.00

1,453,825.18

III-A-1

19.49%

20.58%

2/28/2035

86,364,655.51

0.00

88,527,708.14

92,183,000.00

68,297.09

0.00

2,094,755.54

III-A-2

19.49%

20.58%

2/28/2035

21,591,398.08

0.00

22,132,167.11

23,046,000.00

17,074.46

0.00

523,694.57

M-1

12.70%

13.41%

2/28/2035

43,149,000.00

0.00

43,149,000.00

0.00

M-2

7.24%

7.65%

2/28/2035

34,714,000.00

0.00

34,714,000.00

0.00

M-3

5.77%

6.09%

2/28/2035

9,408,000.00

0.00

9,408,000.00

0.00

M-4

4.23%

4.47%

2/28/2035

9,733,000.00

0.00

9,733,000.00

0.00

M-5

3.06%

3.23%

2/28/2035

7,462,000.00

0.00

7,462,000.00

0.00

M-6

2.04%

2.15%

2/28/2035

6,488,000.00

0.00

6,488,000.00

0.00

M-7

1.02%

1.08%

2/28/2035

6,488,000.00

0.00

6,488,000.00

0.00

M-8

0.00%

2/28/2035

6,488,000.00

0.00

6,488,000.00

0.00

2/28/2035

12,977,412.18

0.00

12,977,412.18

0.00

2/28/2035

100.00

0.00

100.00

0.00

380,794.45

0.00

14,046,318.22

0.00

648,849,512.18

615,275,452.83

629,702,565.50

Page 18 of 61

(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-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

190,092.33

190,092.33

Total Excess Allocated to the Bonds

190,092.33

0.00

Aggregate Interest Adjustment Allocated to the Bonds

0.00

190,092.33

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

Interest Income

0.00

Page 19 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

0.00

391,561.80

0.00

Page 20 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

073879QS0

Aaa

AAA

I-A-2

073879QT8

Aaa

AAA

I-A-3

073879QU5

Aaa

AAA

II-A-1

073879QV3

Aaa

AAA

II-A-2

073879QW1

Aaa

AAA

III-A-1

073879QX9

Aaa

AAA

III-A-2

073879QY7

Aaa

AAA

M-1

073879QZ4

Aa2

M-2

073879RA8

M-3

073879RB6

A-

M-4

073879RC4

Baa1

BBB+

M-5

073879RD2

Baa2

BBB

M-6

073879RE0

Baa3

BBB-

M-7

073879RF7

Ba1

4/18/05

BB+

3/2/05

M-8

073879RG5

Ba2

4/18/05

3/2/05

073879RH3

4/18/05

073879RJ9

4/18/05

Page 21 of 61

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-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

2.26%

2.28%

1.03%

1.02%

0.33%

1,804,167

0.29%

0.28%

0.31%

0.00%

25-May-05

14,031,943

6,285,249

1,917,575

3,446

591,236,418

96.10%

96.09%

2.19%

2.20%

0.79%

0.75%

0.00%

25-Apr-05

13,827,884

4,703,909

3,543

611,170,672

97.02%

97.06%

1.81%

2.00%

0.03%

0.04%

0.00%

25-Mar-05

12,822,163

230,203

3,632

626,889,647

98.16%

97.96%

Page 22 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

0.70%

2.04%

0.00%

1.41%

2.61%

0.00%

25-May-05

483,851

618,865

139

22,636,249

97.89%

95.35%

0.70%

0.31%

0.70%

1.18%

0.00%

25-Apr-05

73,800

279,233

140

23,404,964

98.59%

98.51%

2.78%

3.79%

0.00%

25-Mar-05

921,127

140

23,400,818

97.22%

96.21%

Page 23 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

2.59%

1.97%

0.86%

3.77%

2.59%

340,045

3.60%

0.00%

25-May-05

186,263

356,140

109

8,574,184

93.97%

90.67%

1.65%

4.27%

2.48%

3.45%

0.00%

25-Apr-05

420,971

340,185

116

9,097,288

95.87%

92.28%

2.46%

3.41%

0.00%

25-Mar-05

340,323

119

9,628,300

97.54%

96.59%

Page 24 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

2.58%

2.55%

1.20%

0.90%

0.00%

25-May-05

3,885,052

1,373,379

560

146,926,065

96.22%

96.54%

2.36%

2.28%

0.17%

0.09%

0.00%

25-Apr-05

3,550,216

140,144

578

151,965,803

97.47%

97.63%

1.50%

1.77%

0.00%

25-Mar-05

2,797,384

592

154,927,357

98.50%

98.23%

Page 25 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

4.90%

3.81%

0.70%

0.26%

0.70%

380,923

1.41%

0.70%

0.94%

0.00%

25-May-05

1,027,106

69,087

254,275

133

25,213,370

93.01%

93.57%

2.08%

0.90%

1.39%

2.33%

0.00%

25-Apr-05

245,349

635,650

139

26,448,698

96.53%

96.78%

4.08%

5.62%

0.00%

25-Mar-05

1,604,727

141

26,959,083

95.92%

94.38%

Page 26 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

2.28%

2.13%

0.65%

0.88%

0.33%

103,475

0.23%

0.00%

25-May-05

941,708

390,810

297

42,758,325

96.74%

96.75%

0.97%

0.67%

0.32%

0.23%

0.00%

25-Apr-05

299,565

103,567

306

44,458,927

98.71%

99.10%

0.64%

0.59%

0.00%

25-Mar-05

264,984

310

44,839,137

99.36%

99.41%

Page 27 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

0.99%

1.47%

0.99%

0.59%

0.00%

25-May-05

58,857

23,486

3,921,313

98.02%

97.94%

4.90%

6.14%

0.00%

25-Apr-05

248,697

3,803,793

95.10%

93.86%

0.98%

1.53%

0.00%

25-Mar-05

61,913

101

3,993,953

99.02%

98.47%

Page 28 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

2.72%

2.49%

1.23%

1.13%

0.44%

535,759

0.29%

0.26%

0.15%

0.00%

25-May-05

4,633,041

2,106,229

284,749

1,086

178,382,827

95.35%

95.93%

2.49%

2.57%

1.11%

0.77%

0.00%

25-Apr-05

4,934,681

1,479,232

1,125

185,467,639

96.40%

96.66%

2.11%

1.78%

0.00%

25-Mar-05

3,476,201

1,160

191,802,711

97.89%

98.22%

Page 29 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

2.26%

2.03%

0.56%

0.98%

0.56%

93,663

0.31%

0.00%

25-May-05

609,013

293,997

171

29,041,652

96.61%

96.68%

1.67%

1.93%

0.56%

0.30%

0.00%

25-Apr-05

596,378

93,741

176

30,138,528

97.78%

97.76%

0.00%

25-Mar-05

182

31,088,507

100.00%

Page 30 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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 III Loans - Fixed 1st Lien

0.00%

25-May-05

159

22,029,815

100.00%

0.00%

25-Apr-05

160

22,259,390

100.00%

0.00%

25-Mar-05

160

22,283,489

100.00%

Page 31 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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 III Loans - Fixed 2nd Lien

1.43%

1.84%

0.00%

25-May-05

52,503

2,800,938

98.57%

98.16%

0.00%

25-Apr-05

2,855,284

100.00%

0.00%

25-Mar-05

2,857,092

100.00%

Page 32 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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 III Loans - ARM 228

1.92%

2.14%

1.74%

1.66%

0.17%

350,303

0.35%

0.52%

0.47%

0.00%

25-May-05

2,154,547

1,672,121

472,836

549

96,012,718

95.64%

95.38%

3.41%

3.35%

1.02%

1.30%

0.00%

25-Apr-05

3,458,227

1,345,112

561

98,322,184

95.57%

95.34%

2.51%

2.70%

0.17%

0.22%

0.00%

25-Mar-05

2,836,053

230,203

581

101,905,636

97.32%

97.08%

Page 33 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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 III Loans - ARM 327

0.00%

1.32%

2.17%

0.00%

25-May-05

286,850

12,938,963

98.68%

97.83%

0.00%

1.32%

2.17%

0.00%

25-Apr-05

287,045

12,948,174

98.68%

97.83%

2.56%

3.79%

0.00%

25-Mar-05

519,450

13,203,565

97.44%

96.21%

Page 34 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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-May-05

137,951

1,779,624

0.00%

0.03%

0.02%

0.25%

0.29%

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

0.03%

0.02%

153,502

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

Page 35 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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-May-05

618,865

0.00%

1.41%

2.61%

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

Page 36 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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-May-05

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

Page 37 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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-May-05

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

Page 38 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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-May-05

254,275

0.00%

0.70%

0.94%

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

Page 39 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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-May-05

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

Page 40 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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-May-05

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

Page 41 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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-May-05

137,951

146,798

0.00%

0.09%

0.07%

0.18%

0.08%

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

Page 42 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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-May-05

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

Page 43 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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 III Loans - Fixed 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

25-May-05

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

Page 44 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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 III Loans - Fixed 2nd Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

25-May-05

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

Page 45 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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 III Loans - ARM 228

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

25-May-05

472,836

0.00%

0.52%

0.47%

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

0.17%

0.15%

153,502

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

Page 46 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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 III Loans - ARM 327

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

25-May-05

286,850

0.00%

1.32%

2.17%

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

Page 47 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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-May-05

3,586

95.81%

615,275,353

94.83%

1.81%

2.23%

0.00%

349

7.35%

6.84%

14,026,224

0.00

25-Apr-05

3,652

97.57%

629,702,466

97.05%

1.30%

1.53%

0.00%

350

7.35%

6.84%

9,821,148

0.00

25-Mar-05

3,700

98.85%

639,942,013

98.63%

1.15%

1.31%

0.00%

351

7.35%

6.84%

8,478,530

0.00

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

Page 48 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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-May-05

142

3.79%

23,738,965

3.66%

0.00%

340

7.47%

6.96%

0.00

25-Apr-05

142

3.79%

23,757,997

3.66%

1.39%

2.23%

0.00%

340

7.45%

6.95%

542,674

0.00

25-Mar-05

144

3.85%

24,321,945

3.75%

2.04%

1.77%

0.00%

340

7.46%

6.95%

439,757

0.00

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

Page 49 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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-May-05

116

3.10%

9,456,632

1.46%

4.13%

4.01%

0.00%

220

10.29%

9.79%

395,192

0.00

25-Apr-05

121

3.23%

9,858,444

1.52%

0.82%

1.05%

0.00%

221

10.30%

9.79%

104,923

0.00

25-Mar-05

122

3.26%

9,968,623

1.54%

1.61%

1.79%

0.00%

221

10.28%

9.78%

181,594

0.00

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

Page 50 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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-May-05

582

15.55%

152,184,496

23.45%

1.85%

2.18%

0.00%

354

7.15%

6.65%

3,386,976

0.00

25-Apr-05

593

15.84%

155,656,163

23.99%

1.33%

1.26%

0.00%

355

7.16%

6.65%

1,986,957

0.00

25-Mar-05

601

16.06%

157,724,741

24.31%

1.48%

1.44%

0.00%

356

7.16%

6.65%

2,298,163

0.00

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

Page 51 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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-May-05

143

3.82%

26,944,761

4.15%

0.69%

1.36%

0.00%

354

7.35%

6.85%

372,134

0.00

25-Apr-05

144

3.85%

27,329,698

4.21%

2.04%

4.25%

0.00%

355

7.31%

6.81%

1,214,799

0.00

25-Mar-05

147

3.93%

28,563,810

4.40%

1.34%

0.53%

0.00%

356

7.32%

6.81%

152,063

0.00

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

Page 52 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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-May-05

307

8.20%

44,194,318

6.81%

0.97%

1.40%

0.00%

344

7.35%

6.85%

628,787

0.00

25-Apr-05

310

8.28%

44,862,059

6.91%

0.64%

0.44%

0.00%

346

7.36%

6.85%

198,131

0.00

25-Mar-05

312

8.34%

45,104,122

6.95%

0.64%

0.65%

0.00%

347

7.36%

6.85%

294,712

0.00

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

Page 53 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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-May-05

101

2.70%

4,003,656

0.62%

0.98%

1.13%

0.00%

201

10.35%

9.85%

45,945

0.00

25-Apr-05

102

2.73%

4,052,490

0.62%

0.00%

203

10.35%

9.85%

0.00

25-Mar-05

102

2.73%

4,055,866

0.63%

0.00%

204

10.35%

9.85%

0.00

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

Page 54 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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-May-05

1,139

30.43%

185,942,605

28.66%

2.40%

3.03%

0.00%

354

7.28%

6.78%

5,812,282

0.00

25-Apr-05

1,167

31.18%

191,881,553

29.57%

1.52%

1.67%

0.00%

355

7.28%

6.78%

3,269,931

0.00

25-Mar-05

1,185

31.66%

195,278,912

30.10%

0.92%

1.24%

0.00%

356

7.28%

6.78%

2,446,588

0.00

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

Page 55 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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-May-05

177

4.73%

30,038,325

4.63%

1.67%

2.50%

0.00%

354

7.17%

6.67%

771,999

0.00

25-Apr-05

180

4.81%

30,828,647

4.75%

1.10%

0.78%

0.00%

355

7.16%

6.66%

241,135

0.00

25-Mar-05

182

4.86%

31,088,507

4.79%

1.62%

1.74%

0.00%

356

7.18%

6.67%

551,984

0.00

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

Page 56 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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 III Loans - Fixed 1st Lien

25-May-05

159

4.25%

22,029,815

3.40%

0.63%

0.93%

0.00%

336

7.05%

6.54%

206,795

0.00

25-Apr-05

160

4.27%

22,259,390

3.43%

0.00%

338

7.05%

6.54%

0.00

25-Mar-05

160

4.27%

22,283,489

3.43%

1.84%

2.70%

0.00%

339

7.07%

6.57%

618,180

0.00

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

Page 57 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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 III Loans - Fixed 2nd Lien

25-May-05

1.87%

2,853,441

0.44%

0.00%

205

10.46%

9.96%

0.00

25-Apr-05

1.87%

2,855,284

0.44%

0.00%

206

10.46%

9.96%

0.00

25-Mar-05

1.87%

2,857,092

0.44%

0.00%

207

10.46%

9.96%

0.00

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

Page 58 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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 III Loans - ARM 228

25-May-05

574

15.34%

100,662,525

15.51%

2.21%

2.33%

0.00%

354

7.37%

6.87%

2,406,113

0.00

25-Apr-05

587

15.68%

103,125,523

15.89%

1.68%

1.70%

0.00%

355

7.38%

6.87%

1,784,529

0.00

25-Mar-05

597

15.95%

104,971,893

16.18%

1.32%

1.40%

0.00%

356

7.38%

6.88%

1,495,488

0.00

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

Page 59 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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 III Loans - ARM 327

25-May-05

2.03%

13,225,813

2.04%

0.00%

354

7.33%

6.83%

0.00

25-Apr-05

2.03%

13,235,219

2.04%

2.56%

3.48%

0.00%

355

7.31%

6.80%

478,069

0.00

25-Mar-05

2.08%

13,723,015

2.11%

0.00%

356

7.31%

6.80%

0.00

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

Page 60 of 61

Bear Stearns Asset Backed Securities I Trust

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

25-May-05
25-May-05

25-Apr-05

27-Jun-05

24-May-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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 61 of 61

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

BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-HE2 8-K