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) June 27, 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-HE5, Asset-Backed Certificates, Series 2005-HE5, which was made on June 27, 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 June 27, 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: June 30, 2005

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

Reporting Package Table of Contents

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Administrator:

Christopher Lewis 312.904.7992
christopher.lewis@abnamro.com

Analyst:

Rachel Gaxiola 714.259.6216
Rachel.Gaxiola@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
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
Realized Loss Detail

Page 2-3
Page 4-12
Page 13
Page 14

Page 15

Page 16
Page 17-25

Page 26-34
Page 35-43

Page 44

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

BS005HE5

BS005HE5_200506_3.ZIP

Closing Date:

First Payment Date:

Rated Final Payment: Date:

31-May-05
27-Jun-05

25-Jun-35

Parties to The Transaction

Issuer: Bear Stearns Asset Backed Securities I LLC

Depositor: Bear Stearns Asset Backed Securities, Inc.

Underwriter: Bear Stearns & Co. Inc.

Master Servicer: EMC Mortgage Corporation

Rating Agency: Standard & Poor's Ratings Services/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 44

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:

Next Index:

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

7.428576%

3.314380%

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2005-HE5

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

351

Bond Payments

Statement Date:

ABN AMRO Acct: 722663.2

1000.000000000

49.026016212

0.000000000

950.973983788

2.400000000

3.4243800000%

0.00

0.000000000

3.2000000000%

0.000000000

073879VV7

I-A-1

136,192,000.00

6,676,951.20

0.00

129,515,048.80

326,860.80

136,192,000.00

1000.000000000

0.000000000

1000.000000000

2.490000000

3.5443800000%

0.00

0.000000000

3.3200000000%

0.000000000

073879VW5

I-A-2

56,024,000.00

0.00

56,024,000.00

139,499.76

56,024,000.00

1000.000000000

0.000000000

1000.000000000

2.572499780

3.6543800000%

0.00

0.000000000

3.4300000000%

0.000000000

073879VX3

I-A-3

11,341,000.00

0.00

11,341,000.00

29,174.72

11,341,000.00

1000.000000000

18.802410465

0.000000000

981.197589535

2.482499968

3.5343800000%

0.00

0.000000000

3.3100000000%

0.000000000

073879VY1

II-A-1

158,206,000.00

2,974,654.15

0.00

155,231,345.85

392,746.39

158,206,000.00

1000.000000000

18.802410306

0.000000000

981.197589694

2.520000000

3.5843800000%

0.00

0.000000000

3.3600000000%

0.000000000

073879VZ8

II-A-2

39,551,000.00

743,654.13

0.00

38,807,345.87

99,668.52

39,551,000.00

1000.000000000

0.000000000

1000.000000000

2.655000000

3.7643800000%

0.00

0.000000000

3.5400000000%

0.000000000

073879WA2

M-1

40,184,000.00

0.00

40,184,000.00

106,688.52

40,184,000.00

1000.000000000

0.000000000

1000.000000000

2.835000164

4.0043800000%

0.00

0.000000000

3.7800000000%

0.000000000

073879WB0

M-2

30,529,000.00

0.00

30,529,000.00

86,549.72

30,529,000.00

1000.000000000

0.000000000

1000.000000000

2.857500000

4.0343800000%

0.00

0.000000000

3.8100000000%

0.000000000

073879WC8

M-3

8,872,000.00

0.00

8,872,000.00

25,351.74

8,872,000.00

1000.000000000

0.000000000

1000.000000000

3.292500684

4.6143800000%

0.00

0.000000000

4.3900000000%

0.000000000

073879WD6

M-4

7,306,000.00

0.00

7,306,000.00

24,055.01

7,306,000.00

1000.000000000

0.000000000

1000.000000000

3.345000000

4.6843800000%

0.00

0.000000000

4.4600000000%

0.000000000

073879WE4

M-5

6,784,000.00

0.00

6,784,000.00

22,692.48

6,784,000.00

1000.000000000

0.000000000

1000.000000000

3.630000000

5.0643800000%

0.00

0.000000000

4.8400000000%

0.000000000

073879WF1

M-6

5,219,000.00

0.00

5,219,000.00

18,944.97

5,219,000.00

1000.000000000

0.000000000

1000.000000000

4.567500532

6.3143800000%

0.00

0.000000000

6.0900000000%

0.000000000

073879WG9

M-7

4,697,000.00

0.00

4,697,000.00

21,453.55

4,697,000.00

1000.000000000

0.000000000

1000.000000000

4.567499521

6.3143800000%

0.00

0.000000000

6.0900000000%

0.000000000

073879WH7

M-8

5,219,000.00

0.00

5,219,000.00

23,837.78

5,219,000.00

1000.000000000

0.000000000

1000.000000000

125.455892723

0.00

0.000000000

N/A

0.000000000

073879WJ3

11,741,619.21

0.00

11,741,619.21

1,473,055.32

11,741,619.21

1000.000000000

0.000000000

1000.000000000

1389800.800000000

0.00

138,980.08

1389800.800000000

N/A

0.000000000

073879WK0

100.00

0.00

100.00

138,980.08

100.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879WL8

R-1

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879WM6

R-2

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879WP9

R-3

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879WN4

R-X

0.00

Page 2 of 44

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:

Next Index:

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

7.428576%

3.314380%

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2005-HE5

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

351

Bond Payments

Statement Date:

ABN AMRO Acct: 722663.2

Total P&I Payment

0.00

138,980.08

521,865,719.21

13,324,818.84

Total

511,470,459.73

10,395,259.48

0.00

2,929,559.36

Page 3 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

Statement Date:

Cash Reconciliation Summary

Interest Summary

Total Trustee Fees

Available Interest

3,149,656.03

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

249,875.49

74,104.78

10,071,279.21

0.00
0.00
0.00

13,547,394.38

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution
Unscheduled Principal Distribution
Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

521,865,619.21

249,875.49

10,145,383.99

0.00
0.00
0.00

511,470,359.73

3,173

0
0

3,119

217,444.01

Extra Principal

Trigger Event

0.00

10,395,259.48

Over Collateralization Amt

11,741,619.21

Less Extra Principal

Remittance Interest

0.00

3,149,656.03

0.00

10,145,383.99

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(2,478.86

3,152,134.90

Total Fees

219,922.87

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.03

0.00

2,478.86

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 4 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

Statement Date:

Cash Reconciliation Summary Group 1 Loans - Fixed 1st Lien

Interest Summary

Total Trustee Fees

Available Interest

94,820.38

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

11,545.94

319.38

1,027,540.63

0.00
0.00
0.00

1,134,304.00

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution
Unscheduled Principal Distribution
Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

16,351,972.38

11,545.94

1,027,860.01

0.00
0.00
0.00

15,312,566.43

0
0

6,813.32

Trigger Event

1,039,405.95

Over Collateralization Amt

11,741,619.21

Remittance Interest

94,820.38

0.00

1,027,860.01

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(77.67

94,898.05

Total Fees

6,890.99

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.03

0.00

77.67

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 5 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

Statement Date:

Cash Reconciliation Summary Group 1 Loans - Fixed 2nd Lien

Interest Summary

Total Trustee Fees

Available Interest

60,633.52

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

3,737.00

1,996.54

119,833.54

0.00
0.00
0.00

186,232.21

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution
Unscheduled Principal Distribution
Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

6,656,140.41

3,737.00

121,830.08

0.00
0.00
0.00

6,530,573.33

0
0

2,773.39

Trigger Event

125,567.08

Over Collateralization Amt

11,741,619.21

Remittance Interest

60,633.52

0.00

121,830.08

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(31.62

60,665.13

Total Fees

2,805.01

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.03

0.00

31.62

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 6 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

Statement Date:

Cash Reconciliation Summary Group 1 Loans - ARM 228 1st Lien

Interest Summary

Total Trustee Fees

Available Interest

1,218,994.63

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

77,649.98

7,240.59

4,460,830.72

0.00
0.00
0.00

5,765,710.80

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution
Unscheduled Principal Distribution
Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

209,448,667.97

77,649.98

4,468,071.31

0.00
0.00
0.00

204,902,946.68

859

0
0

843

87,270.28

Trigger Event

4,545,721.29

Over Collateralization Amt

11,741,619.21

Remittance Interest

1,218,994.63

0.00

4,468,071.31

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(994.88

1,219,989.51

Total Fees

88,265.16

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.03

0.00

994.88

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 7 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

Statement Date:

Cash Reconciliation Summary Group 1 Loans - ARM 327 1st Lien

Interest Summary

Total Trustee Fees

Available Interest

215,282.11

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

10,257.47

999.41

955,000.00

0.00
0.00
0.00

1,181,692.17

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution
Unscheduled Principal Distribution
Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

32,247,417.46

10,257.47

955,999.41

0.00
0.00
0.00

31,281,160.58

163

0
0

160

13,436.42

Trigger Event

966,256.88

Over Collateralization Amt

11,741,619.21

Remittance Interest

215,282.11

0.00

955,999.41

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(153.18

215,435.29

Total Fees

13,589.60

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.03

0.00

153.18

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 8 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

Statement Date:

Cash Reconciliation Summary Group 2 Loans - Fixed 1st Lien

Interest Summary

Total Trustee Fees

Available Interest

180,954.45

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

24,623.43

1,896.31

138,334.99

0.00
0.00
0.00

345,945.92

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution
Unscheduled Principal Distribution
Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

28,788,011.34

24,623.43

140,231.30

0.00
0.00
0.00

28,623,156.61

275

0
0

273

11,995.00

Trigger Event

164,854.73

Over Collateralization Amt

11,741,619.21

Remittance Interest

180,954.45

0.00

140,231.30

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(136.74

181,091.19

Total Fees

12,131.75

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.03

0.00

136.74

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 9 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

Statement Date:

Cash Reconciliation Summary Group 2 Loans - Fixed 2nd Lien

Interest Summary

Total Trustee Fees

Available Interest

63,311.16

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

4,072.36

516.06

195,030.44

0.00
0.00
0.00

262,961.71

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution
Unscheduled Principal Distribution
Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

6,672,378.11

4,072.36

195,546.50

0.00
0.00
0.00

6,472,759.25

166

0
0

160

2,780.16

Trigger Event

199,618.86

Over Collateralization Amt

11,741,619.21

Remittance Interest

63,311.16

0.00

195,546.50

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(31.69

63,342.85

Total Fees

2,811.85

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.03

0.00

31.69

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 10 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

Statement Date:

Cash Reconciliation Summary Group 2 Loans - ARM 228 1st Lien

Interest Summary

Total Trustee Fees

Available Interest

1,149,631.63

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

104,515.21

59,911.54

2,835,680.41

0.00
0.00
0.00

4,150,653.57

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution
Unscheduled Principal Distribution
Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

192,585,895.26

104,515.21

2,895,591.95

0.00
0.00
0.00

189,585,788.10

1,357

0
0

1,337

80,244.12

Trigger Event

3,000,107.16

Over Collateralization Amt

11,741,619.21

Remittance Interest

1,149,631.63

0.00

2,895,591.95

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(914.78

1,150,546.41

Total Fees

81,158.91

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.03

0.00

914.78

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 11 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

Statement Date:

Cash Reconciliation Summary Group 2 Loans - ARM 327 1st Lien

Interest Summary

Total Trustee Fees

Available Interest

166,028.16

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

13,474.10

1,224.95

339,028.48

0.00
0.00
0.00

519,893.99

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution
Unscheduled Principal Distribution
Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

29,115,136.28

13,474.10

340,253.43

0.00
0.00
0.00

28,761,408.75

190

0
0

188

12,131.31

Trigger Event

353,727.53

Over Collateralization Amt

11,741,619.21

Remittance Interest

166,028.16

0.00

340,253.43

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(138.30

166,166.46

Total Fees

12,269.60

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.03

0.00

138.30

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 12 of 44

Bear Stearns Asset Backed Securities I Trust

Class

Payment Date:

Prior Payment:

Next Payment:

Record Date:

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

Bond Interest Reconciliation

Additions

Accrual

Method Days

Statement Date:

Accrued

Certificate

Interest

Prior

Int Carry-Fwd

Shortfall

Prior

Shortfall

Reimbursement

Other

Interest

Proceeds

Other

Interest

Losses

Current

Int Carry-Fwd

Shortfall

Current Basis

Risk Carry-Fwd

Shortfall

Remaining

Int Carry-Fwd

Shortfall

Remaining Basis

Risk Carry-Fwd

Shortfall

Net Cap Rate

in Effect

Y/N

Distributable

Certificate

Interest

Payment

Amount

Deductions

Outstanding

Deposits from YM

Agreement

0.00

326,860.80

Act/360

0.00

326,860.80

0.00

I-A-1

0.00

139,499.76

Act/360

0.00

139,499.76

0.00

I-A-2

0.00

29,174.72

Act/360

0.00

29,174.72

0.00

I-A-3

0.00

392,746.39

Act/360

0.00

392,746.39

0.00

II-A-1

0.00

99,668.52

Act/360

0.00

99,668.52

0.00

II-A-2

0.00

106,688.52

Act/360

0.00

106,688.52

0.00

M-1

0.00

86,549.72

Act/360

0.00

86,549.72

0.00

M-2

0.00

25,351.74

Act/360

0.00

25,351.74

0.00

M-3

0.00

24,055.01

Act/360

0.00

24,055.01

0.00

M-4

0.00

22,692.48

Act/360

0.00

22,692.48

0.00

M-5

0.00

18,944.97

Act/360

0.00

18,944.97

0.00

M-6

0.00

21,453.55

Act/360

0.00

21,453.55

0.00

M-7

0.00

23,837.78

Act/360

0.00

23,837.78

0.00

M-8

0.00

1,473,055.32

30/360

0.00

1,473,055.32

0.00

138,980.08

0.00

2,790,579.28

2,929,559.36

0.00

(2) Interest Carry-Forward Shortfall is unpaid interest with interest thereon
(3) Basis Risk Carry-Forward Shortfall - difference between LIBOR plus margin and the Net Rate Cap.

Page 13 of 44

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

Bear Stearns Asset Backed Securities I Trust

Payment Date:

Prior Payment:
Next Payment:

Record Date:

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

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

7.00
1.00

I-A-1

20.52%

20.95%

6/25/2035

129,515,048.80

0.00

136,192,000.00

103,190.39

0.00

6,573,760.81

I-A-2

20.52%

20.95%

6/25/2035

56,024,000.00

0.00

56,024,000.00

0.00

I-A-3

20.52%

20.95%

6/25/2035

11,341,000.00

0.00

11,341,000.00

0.00

II-A-1

20.52%

20.95%

6/25/2035

155,231,345.85

0.00

158,206,000.00

117,348.38

0.00

2,857,305.77

II-A-2

20.52%

20.95%

6/25/2035

38,807,345.87

0.00

39,551,000.00

29,336.72

0.00

714,317.41

M-1

12.56%

12.82%

6/25/2035

40,184,000.00

0.00

40,184,000.00

0.00

M-2

6.51%

6.65%

6/25/2035

30,529,000.00

0.00

30,529,000.00

0.00

M-3

4.75%

4.85%

6/25/2035

8,872,000.00

0.00

8,872,000.00

0.00

M-4

3.31%

3.38%

6/25/2035

7,306,000.00

0.00

7,306,000.00

0.00

M-5

1.96%

2.01%

6/25/2035

6,784,000.00

0.00

6,784,000.00

0.00

M-6

0.93%

0.95%

6/25/2035

5,219,000.00

0.00

5,219,000.00

0.00

M-7

0.00%

6/25/2035

4,697,000.00

0.00

4,697,000.00

0.00

M-8

0.00%

6/25/2035

5,219,000.00

0.00

5,219,000.00

0.00

6/25/2035

11,741,619.21

0.00

11,741,619.21

0.00

6/25/2035

100.00

0.00

100.00

0.00

249,875.49

0.00

10,145,383.99

0.00

521,865,719.21

511,470,459.73

521,865,719.21

Page 14 of 44

(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:

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

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

138,980.08

138,980.08

Total Excess Allocated to the Bonds

138,980.08

0.00

Aggregate Interest Adjustment Allocated to the Bonds

0.00

138,980.08

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 15 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

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

0.00

220,096.68

0.00

Page 16 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

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

1.64%

1.59%

0.00%

27-Jun-05

8,134,498

3,068

503,335,862

98.36%

98.41%

Page 17 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

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 1 Loans - Fixed 1st Lien

0.00%

27-Jun-05

15,312,566

100.00%

Page 18 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

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 1 Loans - Fixed 2nd Lien

2.27%

2.32%

0.00%

27-Jun-05

151,607

6,378,966

97.73%

97.68%

Page 19 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

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 1 Loans - ARM 228 1st Lien

2.25%

1.44%

0.00%

27-Jun-05

2,943,481

824

201,959,466

97.75%

98.56%

Page 20 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

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 1 Loans - ARM 327 1st Lien

1.25%

2.70%

0.00%

27-Jun-05

844,000

158

30,437,161

98.75%

97.30%

Page 21 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

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 2 Loans - Fixed 1st Lien

0.73%

0.99%

0.00%

27-Jun-05

284,195

271

28,338,962

99.27%

99.01%

Page 22 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

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 2 Loans - Fixed 2nd Lien

2.50%

3.25%

0.00%

27-Jun-05

210,429

156

6,262,331

97.50%

96.75%

Page 23 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

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 2 Loans - ARM 228 1st Lien

1.50%

1.81%

0.00%

27-Jun-05

3,436,836

1,317

186,148,952

98.50%

98.19%

Page 24 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

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 2 Loans - ARM 327 1st Lien

1.06%

0.92%

0.00%

27-Jun-05

263,950

186

28,497,459

98.94%

99.08%

Page 25 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days 90 + Days
# Balance # 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

27-Jun-05

158,288

0.00%

0.03%

0.03% 0.00%

0.00% 0.00%

0.00%

Page 26 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days 90 + Days
# Balance # 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 1 Loans - Fixed 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Jun-05

0.00%

0.00% 0.00%

0.00%

Page 27 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days 90 + Days
# Balance # 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 1 Loans - Fixed 2nd Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Jun-05

0.00%

0.00% 0.00%

0.00%

Page 28 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days 90 + Days
# Balance # 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 1 Loans - ARM 228 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Jun-05

158,288

0.00%

0.12%

0.08% 0.00%

0.00% 0.00%

0.00%

Page 29 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days 90 + Days
# Balance # 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 1 Loans - ARM 327 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Jun-05

0.00%

0.00% 0.00%

0.00%

Page 30 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days 90 + Days
# Balance # 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 2 Loans - Fixed 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Jun-05

0.00%

0.00% 0.00%

0.00%

Page 31 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days 90 + Days
# Balance # 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 2 Loans - Fixed 2nd Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Jun-05

0.00%

0.00% 0.00%

0.00%

Page 32 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days 90 + Days
# Balance # 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 2 Loans - ARM 228 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Jun-05

0.00%

0.00% 0.00%

0.00%

Page 33 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days 90 + Days
# Balance # 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 2 Loans - ARM 327 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Jun-05

0.00%

0.00% 0.00%

0.00%

Page 34 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

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

27-Jun-05

3,119

98.30%

511,470,360

98.01%

1.70%

1.93%

0.00%

351

7.43%

6.92%

10,071,279

0.00

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

Page 35 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

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 1 Loans - Fixed 1st Lien

27-Jun-05

2.21%

15,312,566

2.93%

4.11%

6.28%

0.00%

350

7.16%

6.65%

1,027,541

0.00

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

Page 36 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

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 1 Loans - Fixed 2nd Lien

27-Jun-05

2.77%

6,530,573

1.25%

2.22%

1.80%

0.00%

225

10.72%

10.21%

119,834

0.00

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

Page 37 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

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 1 Loans - ARM 228 1st Lien

27-Jun-05

843

26.57%

204,902,947

39.26%

1.86%

2.13%

0.00%

356

7.22%

6.71%

4,460,831

0.00

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

Page 38 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

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 1 Loans - ARM 327 1st Lien

27-Jun-05

160

5.04%

31,281,161

5.99%

1.84%

2.96%

0.00%

356

7.79%

7.28%

955,000

0.00

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

Page 39 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

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 2 Loans - Fixed 1st Lien

27-Jun-05

273

8.60%

28,623,157

5.48%

0.73%

0.48%

0.00%

340

7.81%

7.30%

138,335

0.00

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

Page 40 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

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 2 Loans - Fixed 2nd Lien

27-Jun-05

160

5.04%

6,472,759

1.24%

3.61%

2.92%

0.00%

221

10.83%

10.32%

195,030

0.00

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

Page 41 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

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 2 Loans - ARM 228 1st Lien

27-Jun-05

1,337

42.14%

189,585,788

36.33%

1.47%

0.00%

356

7.35%

6.85%

2,835,680

0.00

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

Page 42 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

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 2 Loans - ARM 327 1st Lien

27-Jun-05

188

5.92%

28,761,409

5.51%

1.05%

1.16%

0.00%

356

7.28%

6.77%

339,028

0.00

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

Page 43 of 44

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

N/A

25-Jul-05

24-Jun-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

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:

Not Avail.

Current Total
Cumulative

Page 44 of 44

* 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-HE5 8-K