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~~June 2527, 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~~June 2527, 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~~June 2527, 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~~June 3130, 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-0525-May-05 25-Apr-05 27-Jun-05 24-May-05 Administrator:Megan Olson 312.904.6709megan.olson@abnamro.com Analyst:William Wong 714.259.6243 william.wong@abnamro.com Statement Date: 135 S. LaSalle Street, Suite 1625Chicago, IL 60603USA Statements to CertificateholdersCash Reconciliation SummaryBond Interest ReconciliationBond Principal Reconciliation Shortfall Summary Report Swap Summary ReportRating Information Asset-Backed Facts ~ 15 Month Loan Status Summary Part IAsset-Backed Facts ~ 15 Month Loan Status Summary Part IIAsset-Backed Facts ~ 15 Month Loan Payoff/Loss Summary Page 2-3Page 4-16Page 17Page 18 Page 19 Page 20Page 21 Page 22-34Page 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 FileName: BS005HE2 BS005HE2_200505_3.ZIP Closing Date: First Payment Date: Rated Final Payment: Date: 28-Feb-0525-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 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Class CUSIP Original Opening Principal Principal Negative Closing Interest Interest Pass-Through Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 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-0525-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 0.00 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 0.000000000 1000.000000000 2.716666667 3.330000000% 0.00 0.00 0.000000000 3.26000000% 0.000000000 073879QT8 I-A-2 52,281,000.00 0.00 0.00 52,281,000.00 142,030.05 52,281,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 2.808333213 3.440000000% 0.00 0.00 0.000000000 3.37000000% 0.000000000 073879QU5 I-A-3 13,799,000.00 0.00 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 0.00 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 0.00 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 0.00 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 0.00 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 0.000000000 1000.000000000 2.933333333 3.590000000% 0.00 0.00 0.000000000 3.52000000% 0.000000000 073879QZ4 M-1 43,149,000.00 0.00 0.00 43,149,000.00 126,570.40 43,149,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 3.141666763 3.840000000% 0.00 0.00 0.000000000 3.77000000% 0.000000000 073879RA8 M-2 34,714,000.00 0.00 0.00 34,714,000.00 109,059.82 34,714,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 3.175000000 3.880000000% 0.00 0.00 0.000000000 3.81000000% 0.000000000 073879RB6 M-3 9,408,000.00 0.00 0.00 9,408,000.00 29,870.40 9,408,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 3.516667009 4.290000000% 0.00 0.00 0.000000000 4.22000000% 0.000000000 073879RC4 M-4 9,733,000.00 0.00 0.00 9,733,000.00 34,227.72 9,733,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 3.600000000 4.390000000% 0.00 0.00 0.000000000 4.32000000% 0.000000000 073879RD2 M-5 7,462,000.00 0.00 0.00 7,462,000.00 26,863.20 7,462,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 4.266666153 5.190000000% 0.00 0.00 0.000000000 5.12000000% 0.000000000 073879RE0 M-6 6,488,000.00 0.00 0.00 6,488,000.00 27,682.13 6,488,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 5.016666153 6.090000000% 0.00 0.00 0.000000000 6.02000000% 0.000000000 073879RF7 M-7 6,488,000.00 0.00 0.00 6,488,000.00 32,548.13 6,488,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 5.016666153 6.090000000% 0.00 0.00 0.000000000 6.02000000% 0.000000000 073879RG5 M-8 6,488,000.00 0.00 0.00 6,488,000.00 32,548.13 6,488,000.00 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. 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 Principal Negative Closing Interest Interest Pass-Through Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 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-0525-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 0.000000000 1000.000000000 111.474412613 0.00 1,446,649.40 111.474412613 N/A 0.000000000 073879RH3 CE 12,977,412.18 0.00 0.00 12,977,412.18 1,446,649.40 12,977,412.18 1000.000000000 0.000000000 0.000000000 1000.000000000 1900923.300000000 0.00 190,092.33 1900923.300000000 N/A 0.000000000 073879RJ9 P 100.00 0.00 0.00 100.00 190,092.33 100.00 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 0.00 0.00 0.000000000 N/A 0.000000000 073879RK6 R1 0.00 0.00 0.00 0.00 0.00 0.00 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 0.00 0.00 0.000000000 N/A 0.000000000 073879RL4 R2 0.00 0.00 0.00 0.00 0.00 0.00 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 0.00 0.00 0.000000000 N/A 0.000000000 073879RM2 R3 0.00 0.00 0.00 0.00 0.00 0.00 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 0.00 0.00 0.000000000 N/A 0.000000000 073879RN0 RX 0.00 0.00 0.00 0.00 0.00 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 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Page 3 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 Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 0.000.000.00 18,211,223.52 Pool Balance Summary Beginning PoolScheduled Principal Distribution Unscheduled PrincipalDistribution Deferred InterestLiquidationsRepurchasesEnding Pool Balance/Amount Count 629,702,465.50 380,794.45 14,046,318.22 0.000.000.00 615,275,352.83 3,652 66 00 3,586 254,643.33 Extra Principal Trigger Event No 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 - InterestClass II-A Policy - PrincipalOther Total Reimbursement Amt Rolling 3-Month Delinquency % 0.81 0 0.00 2,781.19 LPMI Fees 0.00 0.000.000.00 0.00 Page 4 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 0.000.000.000.00 156,971.64 Pool Balance Summary Beginning PoolScheduled Principal Distribution Unscheduled PrincipalDistribution Deferred InterestLiquidationsRepurchasesEnding Pool Balance/Amount Count 23,757,996.82 19,622.75 ) (591.06 0.000.000.00 23,738,965.13 142 0 00 142 9,899.17 Trigger Event No 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 - InterestClass II-A Policy - PrincipalOther Total Reimbursement Amt Rolling 3-Month Delinquency % 0.81 0 0.00 104.93 LPMI Fees 0.00 0.000.000.00 0.00 Page 5 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 0.000.000.00 495,980.56 Pool Balance Summary Beginning PoolScheduled Principal Distribution Unscheduled PrincipalDistribution Deferred InterestLiquidationsRepurchasesEnding Pool Balance/Amount Count 9,858,443.87 5,921.71 395,890.61 0.000.000.00 9,456,631.55 121 5 00 116 3,948.27 Trigger Event No 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 - InterestClass II-A Policy - PrincipalOther Total Reimbursement Amt Rolling 3-Month Delinquency % 0.81 0 0.00 43.54 LPMI Fees 0.00 0.000.000.00 0.00 Page 6 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 0.000.000.00 4,362,367.74 Pool Balance Summary Beginning PoolScheduled Principal Distribution Unscheduled PrincipalDistribution Deferred InterestLiquidationsRepurchasesEnding Pool Balance/Amount Count 155,656,162.67 78,251.76 3,393,414.47 0.000.000.00 152,184,496.44 593 11 00 582 61,891.47 Trigger Event No 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 - InterestClass II-A Policy - PrincipalOther Total Reimbursement Amt Rolling 3-Month Delinquency % 0.81 0 0.00 687.48 LPMI Fees 0.00 0.000.000.00 0.00 Page 7 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 0.000.000.00 545,315.23 Pool Balance Summary Beginning PoolScheduled Principal Distribution Unscheduled PrincipalDistribution Deferred InterestLiquidationsRepurchasesEnding Pool Balance/Amount Count 27,329,697.60 14,908.42 370,028.21 0.000.000.00 26,944,760.97 144 1 00 143 11,387.37 Trigger Event No 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 - InterestClass II-A Policy - PrincipalOther Total Reimbursement Amt Rolling 3-Month Delinquency % 0.81 0 0.00 120.71 LPMI Fees 0.00 0.000.000.00 0.00 Page 8 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 0.000.000.00 925,307.42 Pool Balance Summary Beginning PoolScheduled Principal Distribution Unscheduled PrincipalDistribution Deferred InterestLiquidationsRepurchasesEnding Pool Balance/Amount Count 44,862,058.67 38,826.49 628,914.49 0.000.000.00 44,194,317.69 310 3 00 307 17,484.82 Trigger Event No 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 - InterestClass II-A Policy - PrincipalOther Total Reimbursement Amt Rolling 3-Month Delinquency % 0.81 0 0.00 198.14 LPMI Fees 0.00 0.000.000.00 0.00 Page 9 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 0.000.000.00 82,114.76 Pool Balance Summary Beginning PoolScheduled Principal Distribution Unscheduled PrincipalDistribution Deferred InterestLiquidationsRepurchasesEnding Pool Balance/Amount Count 4,052,490.02 2,617.78 46,216.32 0.000.000.00 4,003,655.92 102 1 00 101 1,655.66 Trigger Event No 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 - InterestClass II-A Policy - PrincipalOther Total Reimbursement Amt Rolling 3-Month Delinquency % 0.81 0 0.00 17.90 LPMI Fees 0.00 0.000.000.00 0.00 Page 10 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 0.000.000.00 7,104,746.08 Pool Balance Summary Beginning PoolScheduled Principal Distribution Unscheduled PrincipalDistribution Deferred InterestLiquidationsRepurchasesEnding Pool Balance/Amount Count 191,881,553.23 117,784.75 5,821,163.08 0.000.000.00 185,942,605.40 1,167 28 00 1,139 78,141.23 Trigger Event No 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 - InterestClass II-A Policy - PrincipalOther Total Reimbursement Amt Rolling 3-Month Delinquency % 0.81 0 0.00 847.48 LPMI Fees 0.00 0.000.000.00 0.00 Page 11 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 0.000.000.00 974,221.34 Pool Balance Summary Beginning PoolScheduled Principal Distribution Unscheduled PrincipalDistribution Deferred InterestLiquidationsRepurchasesEnding Pool Balance/Amount Count 30,828,646.64 17,489.24 772,831.99 0.000.000.00 30,038,325.41 180 3 00 177 12,626.33 Trigger Event No 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 - InterestClass II-A Policy - PrincipalOther Total Reimbursement Amt Rolling 3-Month Delinquency % 0.81 0 0.00 136.16 LPMI Fees 0.00 0.000.000.00 0.00 Page 12 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 0.000.000.00 356,790.73 Pool Balance Summary Beginning PoolScheduled Principal Distribution Unscheduled PrincipalDistribution Deferred InterestLiquidationsRepurchasesEnding Pool Balance/Amount Count 22,259,390.21 21,787.94 207,787.06 0.000.000.00 22,029,815.21 160 1 00 159 9,274.75 Trigger Event No 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 - InterestClass II-A Policy - PrincipalOther Total Reimbursement Amt Rolling 3-Month Delinquency % 0.81 0 0.00 98.31 LPMI Fees 0.00 0.000.000.00 0.00 Page 13 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 0.000.000.000.00 25,546.72 Pool Balance Summary Beginning PoolScheduled Principal Distribution Unscheduled PrincipalDistribution Deferred InterestLiquidationsRepurchasesEnding Pool Balance/Amount Count 2,855,283.84 1,699.30 143.53 0.000.000.00 2,853,441.01 70 0 00 70 1,189.70 Trigger Event No 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 - InterestClass II-A Policy - PrincipalOther Total Reimbursement Amt Rolling 3-Month Delinquency % 0.81 0 0.00 12.61 LPMI Fees 0.00 0.000.000.00 0.00 Page 14 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 0.000.000.00 3,097,108.29 Pool Balance Summary Beginning PoolScheduled Principal Distribution Unscheduled PrincipalDistribution Deferred InterestLiquidationsRepurchasesEnding Pool Balance/Amount Count 103,125,522.63 52,677.53 2,410,320.04 0.000.000.00 100,662,525.06 587 13 00 574 41,629.88 Trigger Event No 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 - InterestClass II-A Policy - PrincipalOther Total Reimbursement Amt Rolling 3-Month Delinquency % 0.81 0 0.00 455.47 LPMI Fees 0.00 0.000.000.00 0.00 Page 15 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 0.000.000.000.00 84,753.01 Pool Balance Summary Beginning PoolScheduled Principal Distribution Unscheduled PrincipalDistribution Deferred InterestLiquidationsRepurchasesEnding Pool Balance/Amount Count 13,235,219.30 9,206.78 199.48 0.000.000.00 13,225,813.04 76 0 00 76 5,514.67 Trigger Event No 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 - InterestClass II-A Policy - PrincipalOther Total Reimbursement Amt Rolling 3-Month Delinquency % 0.81 0 0.00 58.46 LPMI Fees 0.00 0.000.000.00 0.00 Page 16 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Class Accrued Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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) 5.001.00 0.00 0.00 0.00 0.00 0.00 I-A-1 30 269,450.11 269,450.11 269,450.11 0.00 19.49% 20.58% Act/360 3.130000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 I-A-2 30 142,030.05 142,030.05 142,030.05 0.00 19.49% 20.58% Act/360 3.260000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 I-A-3 30 38,752.19 38,752.19 38,752.19 0.00 19.49% 20.58% Act/360 3.370000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 II-A-1 30 463,798.54 463,798.54 463,798.54 0.00 19.49% 20.58% Act/360 3.270000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 II-A-2 30 118,077.15 118,077.15 118,077.15 0.00 19.49% 20.58% Act/360 3.330000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 III-A-1 30 240,500.27 240,500.27 240,500.27 0.00 19.49% 20.58% Act/360 3.260000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 III-A-2 30 61,047.89 61,047.89 61,047.89 0.00 19.49% 20.58% Act/360 3.310000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 M-1 30 126,570.40 126,570.40 126,570.40 0.00 12.70% 13.41% Act/360 3.520000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 M-2 30 109,059.82 109,059.82 109,059.82 0.00 7.24% 7.65% Act/360 3.770000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 M-3 30 29,870.40 29,870.40 29,870.40 0.00 5.77% 6.09% Act/360 3.810000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 M-4 30 34,227.72 34,227.72 34,227.72 0.00 4.23% 4.47% Act/360 4.220000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 M-5 30 26,863.20 26,863.20 26,863.20 0.00 3.06% 3.23% Act/360 4.320000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 M-6 30 27,682.13 27,682.13 27,682.13 0.00 2.04% 2.15% Act/360 5.120000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 M-7 30 32,548.13 32,548.13 32,548.13 0.00 1.02% 1.08% Act/360 6.020000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 M-8 30 32,548.13 32,548.13 32,548.13 0.00 0.00% 0.00% Act/360 6.020000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 CE 30 0.00 0.00 1,446,649.40 0.00 NA NA 0.000000000% 0.00 0.00 0.00 0.00 190,092.33 0.00 0.00 0.00 P 30 0.00 190,092.33 190,092.33 0.00 NA NA 0.000000000% 0.00 0.00 0.00 0.00 0.00 0.00 190,092.33 0.00 1,753,026.13 1,943,118.46 3,389,767.86 0.00 0.00 0.00 0.00 (2) Accrued - Deductions + Additions Interest (3) Includes interest accrued on outstanding Interest Shortfalls and/or Loss Allocations. Where applicable. 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. 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-0525-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 5.001.00 I-A-1 19.49% 20.58% 2/28/2035 99,026,109.22 0.00 0.00 103,303,556.09 110,488,000.00 118,704.64 0.00 0.00 0.00 4,158,742.23 I-A-2 19.49% 20.58% 2/28/2035 52,281,000.00 0.00 0.00 52,281,000.00 52,281,000.00 0.00 0.00 0.00 0.00 0.00 I-A-3 19.49% 20.58% 2/28/2035 13,799,000.00 0.00 0.00 13,799,000.00 13,799,000.00 0.00 0.00 0.00 0.00 0.00 II-A-1 19.49% 20.58% 2/28/2035 164,244,622.27 0.00 0.00 170,201,297.58 176,116,000.00 141,374.61 0.00 0.00 0.00 5,815,300.70 II-A-2 19.49% 20.58% 2/28/2035 41,061,155.57 0.00 0.00 42,550,324.40 44,029,000.00 35,343.65 0.00 0.00 0.00 1,453,825.18 III-A-1 19.49% 20.58% 2/28/2035 86,364,655.51 0.00 0.00 88,527,708.14 92,183,000.00 68,297.09 0.00 0.00 0.00 2,094,755.54 III-A-2 19.49% 20.58% 2/28/2035 21,591,398.08 0.00 0.00 22,132,167.11 23,046,000.00 17,074.46 0.00 0.00 0.00 523,694.57 M-1 12.70% 13.41% 2/28/2035 43,149,000.00 0.00 0.00 43,149,000.00 43,149,000.00 0.00 0.00 0.00 0.00 0.00 M-2 7.24% 7.65% 2/28/2035 34,714,000.00 0.00 0.00 34,714,000.00 34,714,000.00 0.00 0.00 0.00 0.00 0.00 M-3 5.77% 6.09% 2/28/2035 9,408,000.00 0.00 0.00 9,408,000.00 9,408,000.00 0.00 0.00 0.00 0.00 0.00 M-4 4.23% 4.47% 2/28/2035 9,733,000.00 0.00 0.00 9,733,000.00 9,733,000.00 0.00 0.00 0.00 0.00 0.00 M-5 3.06% 3.23% 2/28/2035 7,462,000.00 0.00 0.00 7,462,000.00 7,462,000.00 0.00 0.00 0.00 0.00 0.00 M-6 2.04% 2.15% 2/28/2035 6,488,000.00 0.00 0.00 6,488,000.00 6,488,000.00 0.00 0.00 0.00 0.00 0.00 M-7 1.02% 1.08% 2/28/2035 6,488,000.00 0.00 0.00 6,488,000.00 6,488,000.00 0.00 0.00 0.00 0.00 0.00 M-8 0.00% 0.00% 2/28/2035 6,488,000.00 0.00 0.00 6,488,000.00 6,488,000.00 0.00 0.00 0.00 0.00 0.00 CE NA NA 2/28/2035 12,977,412.18 0.00 0.00 12,977,412.18 12,977,412.18 0.00 0.00 0.00 0.00 0.00 P NA NA 2/28/2035 100.00 0.00 0.00 100.00 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. 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-0525-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 0.00 0.00 0.00 Special Servicing Fees Workout Fees Liquidation Fees Legal Fees 0.00 0.00 Misc. Fees & Expenses Paid by/to Servicer Interest Paid to Servicer on Outstanding Advances 0.00 0.00 ASER Interest Advance Reduction Interest Not Advanced (Current Period) Recoup of Prior Advances by Servicer 0.00 0.00 Servicing Fees Paid Servicer on Loans Not Advanced Misc. Fees & Expenses Paid by Trust 0.00 0.00 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 0.00 Prepayment Interest Excess Due the Bonds 0.00 ARD Excess Interest 0.00 0.00 0.00 Net Prepayment Int. Shortfalls Allocated to the Bonds Other Interest Loss Interest Income 0.00 Page 19 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 0.00 Page 20 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 NR Aaa AAA I-A-2 073879QT8 NR Aaa AAA I-A-3 073879QU5 NR Aaa AAA II-A-1 073879QV3 NR Aaa AAA II-A-2 073879QW1 NR Aaa AAA III-A-1 073879QX9 NR Aaa AAA III-A-2 073879QY7 NR Aaa AAA M-1 073879QZ4 NR Aa2 AA M-2 073879RA8 NR A2 A M-3 073879RB6 NR A3 A- M-4 073879RC4 NR Baa1 BBB+ M-5 073879RD2 NR Baa2 BBB M-6 073879RE0 NR Baa3 BBB- M-7 073879RF7 NR NR NR Ba1 4/18/05 BB+ 3/2/05 M-8 073879RG5 NR NR NR Ba2 4/18/05 BB 3/2/05 CE 073879RH3 NR 4/18/05 P 073879RJ9 NR 4/18/05 Page 21 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. 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 notbeing 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-0525-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 # Balance # Balance # Balance # Balance Delinquency Aging Categories 2.26% 2.28% 1.03% 1.02% 12 0.33% 1,804,167 0.29% 0.28% 0.31% 0.00% 0.00% 25-May-05 81 14,031,943 37 6,285,249 10 1,917,575 0 0 3,446 591,236,418 96.10% 96.09% 2.19% 2.20% 0.79% 0.75% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Apr-05 80 13,827,884 29 4,703,909 0 0 0 0 3,543 611,170,672 97.02% 97.06% 1.81% 2.00% 0.03% 0.04% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Mar-05 67 12,822,163 1 230,203 0 0 0 0 3,632 626,889,647 98.16% 97.96% Page 22 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # Balance # Balance # Balance # Balance Delinquency Aging Categories Group I Loans - Fixed 1st Lien 0.70% 2.04% 0.00% 0.00% 0 0.00% 0 0.00% 1.41% 2.61% 0.00% 0.00% 25-May-05 1 483,851 0 0 2 618,865 0 0 139 22,636,249 97.89% 95.35% 0.70% 0.31% 0.70% 1.18% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Apr-05 1 73,800 1 279,233 0 0 0 0 140 23,404,964 98.59% 98.51% 2.78% 3.79% 0.00% 0.00% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Mar-05 4 921,127 0 0 0 0 0 0 140 23,400,818 97.22% 96.21% Page 23 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # Balance # Balance # Balance # Balance Delinquency Aging Categories Group I Loans - Fixed 2nd Lien 2.59% 1.97% 0.86% 3.77% 3 2.59% 340,045 3.60% 0.00% 0.00% 0.00% 0.00% 25-May-05 3 186,263 1 356,140 0 0 0 0 109 8,574,184 93.97% 90.67% 1.65% 4.27% 2.48% 3.45% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Apr-05 2 420,971 3 340,185 0 0 0 0 116 9,097,288 95.87% 92.28% 2.46% 3.41% 0.00% 0.00% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Mar-05 3 340,323 0 0 0 0 0 0 119 9,628,300 97.54% 96.59% Page 24 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # Balance # Balance # Balance # Balance Delinquency Aging Categories Group I Loans - ARM 228 2.58% 2.55% 1.20% 0.90% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-May-05 15 3,885,052 7 1,373,379 0 0 0 0 560 146,926,065 96.22% 96.54% 2.36% 2.28% 0.17% 0.09% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Apr-05 14 3,550,216 1 140,144 0 0 0 0 578 151,965,803 97.47% 97.63% 1.50% 1.77% 0.00% 0.00% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Mar-05 9 2,797,384 0 0 0 0 0 0 592 154,927,357 98.50% 98.23% Page 25 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # Balance # Balance # Balance # Balance Delinquency Aging Categories Group I Loans - ARM 327 4.90% 3.81% 0.70% 0.26% 1 0.70% 380,923 1.41% 0.70% 0.94% 0.00% 0.00% 25-May-05 7 1,027,106 1 69,087 1 254,275 0 0 133 25,213,370 93.01% 93.57% 2.08% 0.90% 1.39% 2.33% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Apr-05 3 245,349 2 635,650 0 0 0 0 139 26,448,698 96.53% 96.78% 4.08% 5.62% 0.00% 0.00% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Mar-05 6 1,604,727 0 0 0 0 0 0 141 26,959,083 95.92% 94.38% Page 26 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # Balance # Balance # Balance # Balance Delinquency Aging Categories Group II Loans - Fixed 1st Lien 2.28% 2.13% 0.65% 0.88% 1 0.33% 103,475 0.23% 0.00% 0.00% 0.00% 0.00% 25-May-05 7 941,708 2 390,810 0 0 0 0 297 42,758,325 96.74% 96.75% 0.97% 0.67% 0.32% 0.23% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Apr-05 3 299,565 1 103,567 0 0 0 0 306 44,458,927 98.71% 99.10% 0.64% 0.59% 0.00% 0.00% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Mar-05 2 264,984 0 0 0 0 0 0 310 44,839,137 99.36% 99.41% Page 27 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # Balance # Balance # Balance # Balance Delinquency Aging Categories Group II Loans - Fixed 2nd Lien 0.99% 1.47% 0.99% 0.59% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-May-05 1 58,857 1 23,486 0 0 0 0 99 3,921,313 98.02% 97.94% 4.90% 6.14% 0.00% 0.00% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Apr-05 5 248,697 0 0 0 0 0 0 97 3,803,793 95.10% 93.86% 0.98% 1.53% 0.00% 0.00% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Mar-05 1 61,913 0 0 0 0 0 0 101 3,993,953 99.02% 98.47% Page 28 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # Balance # Balance # Balance # Balance Delinquency Aging Categories Group II Loans - ARM 228 2.72% 2.49% 1.23% 1.13% 5 0.44% 535,759 0.29% 0.26% 0.15% 0.00% 0.00% 25-May-05 31 4,633,041 14 2,106,229 3 284,749 0 0 1,086 178,382,827 95.35% 95.93% 2.49% 2.57% 1.11% 0.77% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Apr-05 29 4,934,681 13 1,479,232 0 0 0 0 1,125 185,467,639 96.40% 96.66% 2.11% 1.78% 0.00% 0.00% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Mar-05 25 3,476,201 0 0 0 0 0 0 1,160 191,802,711 97.89% 98.22% Page 29 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # Balance # Balance # Balance # Balance Delinquency Aging Categories Group II Loans - ARM 327 2.26% 2.03% 0.56% 0.98% 1 0.56% 93,663 0.31% 0.00% 0.00% 0.00% 0.00% 25-May-05 4 609,013 1 293,997 0 0 0 0 171 29,041,652 96.61% 96.68% 1.67% 1.93% 0.56% 0.30% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Apr-05 3 596,378 1 93,741 0 0 0 0 176 30,138,528 97.78% 97.76% 0.00% 0.00% 0.00% 0.00% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Mar-05 0 0 0 0 0 0 0 0 182 31,088,507 100.00% 100.00% Page 30 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # Balance # Balance # Balance # Balance Delinquency Aging Categories Group III Loans - Fixed 1st Lien 0.00% 0.00% 0.00% 0.00% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-May-05 0 0 0 0 0 0 0 0 159 22,029,815 100.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Apr-05 0 0 0 0 0 0 0 0 160 22,259,390 100.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Mar-05 0 0 0 0 0 0 0 0 160 22,283,489 100.00% 100.00% Page 31 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # Balance # Balance # Balance # Balance Delinquency Aging Categories Group III Loans - Fixed 2nd Lien 1.43% 1.84% 0.00% 0.00% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-May-05 1 52,503 0 0 0 0 0 0 69 2,800,938 98.57% 98.16% 0.00% 0.00% 0.00% 0.00% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Apr-05 0 0 0 0 0 0 0 0 70 2,855,284 100.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Mar-05 0 0 0 0 0 0 0 0 70 2,857,092 100.00% 100.00% Page 32 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # Balance # Balance # Balance # Balance Delinquency Aging Categories Group III Loans - ARM 228 1.92% 2.14% 1.74% 1.66% 1 0.17% 350,303 0.35% 0.52% 0.47% 0.00% 0.00% 25-May-05 11 2,154,547 10 1,672,121 3 472,836 0 0 549 96,012,718 95.64% 95.38% 3.41% 3.35% 1.02% 1.30% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Apr-05 20 3,458,227 6 1,345,112 0 0 0 0 561 98,322,184 95.57% 95.34% 2.51% 2.70% 0.17% 0.22% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Mar-05 15 2,836,053 1 230,203 0 0 0 0 581 101,905,636 97.32% 97.08% Page 33 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # Balance # Balance # Balance # Balance Delinquency Aging Categories Group III Loans - ARM 327 0.00% 0.00% 0.00% 0.00% 0 0.00% 0 0.00% 1.32% 2.17% 0.00% 0.00% 25-May-05 0 0 0 0 1 286,850 0 0 75 12,938,963 98.68% 97.83% 0.00% 0.00% 1.32% 2.17% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Apr-05 0 0 1 287,045 0 0 0 0 75 12,948,174 98.68% 97.83% 2.56% 3.79% 0.00% 0.00% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Mar-05 2 519,450 0 0 0 0 0 0 76 13,203,565 97.44% 96.21% Page 34 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # 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 Balance Balance Balance 25-May-05 0 0 1 137,951 0 0 0 0 9 1,779,624 0 0 0.00% 0.00% 0.03% 0.02% 0.25% 0.29% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Apr-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.02% 0 0 1 153,502 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Mar-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 Page 35 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # 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 Balance Balance Balance 25-May-05 0 0 0 0 0 0 0 0 2 618,865 0 0 0.00% 0.00% 0.00% 0.00% 1.41% 2.61% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Apr-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Mar-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 Page 36 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # 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 Balance Balance Balance 25-May-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Apr-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Mar-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 Page 37 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # 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 Balance Balance Balance 25-May-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Apr-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Mar-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 Page 38 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # 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 Balance Balance Balance 25-May-05 0 0 0 0 0 0 0 0 1 254,275 0 0 0.00% 0.00% 0.00% 0.00% 0.70% 0.94% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Apr-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Mar-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 Page 39 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # 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 Balance Balance Balance 25-May-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Apr-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Mar-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 Page 40 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # 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 Balance Balance Balance 25-May-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Apr-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Mar-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 Page 41 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # 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 Balance Balance Balance 25-May-05 0 0 1 137,951 0 0 0 0 2 146,798 0 0 0.00% 0.00% 0.09% 0.07% 0.18% 0.08% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Apr-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Mar-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 Page 42 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # 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 Balance Balance Balance 25-May-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Apr-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Mar-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 Page 43 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # 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 Balance Balance Balance 25-May-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Apr-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Mar-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 Page 44 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # 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 Balance Balance Balance 25-May-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Apr-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Mar-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 Page 45 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # 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 Balance Balance Balance 25-May-05 0 0 0 0 0 0 0 0 3 472,836 0 0 0.00% 0.00% 0.00% 0.00% 0.52% 0.47% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Apr-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.17% 0.15% 0 0 1 153,502 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Mar-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 Page 46 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # 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 Balance Balance Balance 25-May-05 0 0 0 0 0 0 0 0 1 286,850 0 0 0.00% 0.00% 0.00% 0.00% 1.32% 2.17% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Apr-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 25-Mar-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 Page 47 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # Balance # Amount Life Coupon Remit Statement Date: Ending Arrearage (1) Balance Insurance Substitution Liquidation Proceeds Proceeds Proceeds 25-May-05 3,586 95.81% 615,275,353 94.83% 1.81% 2.23% 0 0.00% 0 0.00% 349 7.35% 6.84% 66 14,026,224 0.00 0.00 0.00 0.00 25-Apr-05 3,652 97.57% 629,702,466 97.05% 1.30% 1.53% 0 0.00% 0 0.00% 350 7.35% 6.84% 48 9,821,148 0.00 0.00 0.00 0.00 25-Mar-05 3,700 98.85% 639,942,013 98.63% 1.15% 1.31% 0 0.00% 0 0.00% 351 7.35% 6.84% 43 8,478,530 0.00 0.00 0.00 0.00 (1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period. Page 48 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # Balance # Amount Life Coupon Remit Statement Date: Ending Arrearage (1) Balance Insurance Substitution Liquidation Proceeds Proceeds Proceeds Group I Loans - Fixed 1st Lien 25-May-05 142 3.79% 23,738,965 3.66% 0.00% 0.00% 0 0.00% 0 0.00% 340 7.47% 6.96% 0 0 0.00 0.00 0.00 0.00 25-Apr-05 142 3.79% 23,757,997 3.66% 1.39% 2.23% 0 0.00% 0 0.00% 340 7.45% 6.95% 2 542,674 0.00 0.00 0.00 0.00 25-Mar-05 144 3.85% 24,321,945 3.75% 2.04% 1.77% 0 0.00% 0 0.00% 340 7.46% 6.95% 3 439,757 0.00 0.00 0.00 0.00 (1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period. Page 49 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # Balance # Amount Life Coupon Remit Statement Date: Ending Arrearage (1) Balance Insurance Substitution Liquidation Proceeds Proceeds Proceeds Group I Loans - Fixed 2nd Lien 25-May-05 116 3.10% 9,456,632 1.46% 4.13% 4.01% 0 0.00% 0 0.00% 220 10.29% 9.79% 5 395,192 0.00 0.00 0.00 0.00 25-Apr-05 121 3.23% 9,858,444 1.52% 0.82% 1.05% 0 0.00% 0 0.00% 221 10.30% 9.79% 1 104,923 0.00 0.00 0.00 0.00 25-Mar-05 122 3.26% 9,968,623 1.54% 1.61% 1.79% 0 0.00% 0 0.00% 221 10.28% 9.78% 2 181,594 0.00 0.00 0.00 0.00 (1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period. Page 50 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # Balance # Amount Life Coupon Remit Statement Date: Ending Arrearage (1) Balance Insurance Substitution Liquidation Proceeds Proceeds Proceeds Group I Loans - ARM 228 25-May-05 582 15.55% 152,184,496 23.45% 1.85% 2.18% 0 0.00% 0 0.00% 354 7.15% 6.65% 11 3,386,976 0.00 0.00 0.00 0.00 25-Apr-05 593 15.84% 155,656,163 23.99% 1.33% 1.26% 0 0.00% 0 0.00% 355 7.16% 6.65% 8 1,986,957 0.00 0.00 0.00 0.00 25-Mar-05 601 16.06% 157,724,741 24.31% 1.48% 1.44% 0 0.00% 0 0.00% 356 7.16% 6.65% 9 2,298,163 0.00 0.00 0.00 0.00 (1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period. Page 51 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # Balance # Amount Life Coupon Remit Statement Date: Ending Arrearage (1) Balance Insurance Substitution Liquidation Proceeds Proceeds Proceeds Group I Loans - ARM 327 25-May-05 143 3.82% 26,944,761 4.15% 0.69% 1.36% 0 0.00% 0 0.00% 354 7.35% 6.85% 1 372,134 0.00 0.00 0.00 0.00 25-Apr-05 144 3.85% 27,329,698 4.21% 2.04% 4.25% 0 0.00% 0 0.00% 355 7.31% 6.81% 3 1,214,799 0.00 0.00 0.00 0.00 25-Mar-05 147 3.93% 28,563,810 4.40% 1.34% 0.53% 0 0.00% 0 0.00% 356 7.32% 6.81% 2 152,063 0.00 0.00 0.00 0.00 (1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period. Page 52 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # Balance # Amount Life Coupon Remit Statement Date: Ending Arrearage (1) Balance Insurance Substitution Liquidation Proceeds Proceeds Proceeds Group II Loans - Fixed 1st Lien 25-May-05 307 8.20% 44,194,318 6.81% 0.97% 1.40% 0 0.00% 0 0.00% 344 7.35% 6.85% 3 628,787 0.00 0.00 0.00 0.00 25-Apr-05 310 8.28% 44,862,059 6.91% 0.64% 0.44% 0 0.00% 0 0.00% 346 7.36% 6.85% 2 198,131 0.00 0.00 0.00 0.00 25-Mar-05 312 8.34% 45,104,122 6.95% 0.64% 0.65% 0 0.00% 0 0.00% 347 7.36% 6.85% 2 294,712 0.00 0.00 0.00 0.00 (1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period. Page 53 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # Balance # Amount Life Coupon Remit Statement Date: Ending Arrearage (1) Balance Insurance Substitution Liquidation Proceeds Proceeds Proceeds Group II Loans - Fixed 2nd Lien 25-May-05 101 2.70% 4,003,656 0.62% 0.98% 1.13% 0 0.00% 0 0.00% 201 10.35% 9.85% 1 45,945 0.00 0.00 0.00 0.00 25-Apr-05 102 2.73% 4,052,490 0.62% 0.00% 0.00% 0 0.00% 0 0.00% 203 10.35% 9.85% 0 0 0.00 0.00 0.00 0.00 25-Mar-05 102 2.73% 4,055,866 0.63% 0.00% 0.00% 0 0.00% 0 0.00% 204 10.35% 9.85% 0 0 0.00 0.00 0.00 0.00 (1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period. Page 54 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # Balance # Amount Life Coupon Remit Statement Date: Ending Arrearage (1) Balance Insurance Substitution Liquidation Proceeds Proceeds Proceeds Group II Loans - ARM 228 25-May-05 1,139 30.43% 185,942,605 28.66% 2.40% 3.03% 0 0.00% 0 0.00% 354 7.28% 6.78% 28 5,812,282 0.00 0.00 0.00 0.00 25-Apr-05 1,167 31.18% 191,881,553 29.57% 1.52% 1.67% 0 0.00% 0 0.00% 355 7.28% 6.78% 18 3,269,931 0.00 0.00 0.00 0.00 25-Mar-05 1,185 31.66% 195,278,912 30.10% 0.92% 1.24% 0 0.00% 0 0.00% 356 7.28% 6.78% 11 2,446,588 0.00 0.00 0.00 0.00 (1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period. Page 55 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # Balance # Amount Life Coupon Remit Statement Date: Ending Arrearage (1) Balance Insurance Substitution Liquidation Proceeds Proceeds Proceeds Group II Loans - ARM 327 25-May-05 177 4.73% 30,038,325 4.63% 1.67% 2.50% 0 0.00% 0 0.00% 354 7.17% 6.67% 3 771,999 0.00 0.00 0.00 0.00 25-Apr-05 180 4.81% 30,828,647 4.75% 1.10% 0.78% 0 0.00% 0 0.00% 355 7.16% 6.66% 2 241,135 0.00 0.00 0.00 0.00 25-Mar-05 182 4.86% 31,088,507 4.79% 1.62% 1.74% 0 0.00% 0 0.00% 356 7.18% 6.67% 3 551,984 0.00 0.00 0.00 0.00 (1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period. Page 56 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # Balance # Amount Life Coupon Remit Statement Date: Ending Arrearage (1) Balance Insurance Substitution Liquidation Proceeds Proceeds Proceeds Group III Loans - Fixed 1st Lien 25-May-05 159 4.25% 22,029,815 3.40% 0.63% 0.93% 0 0.00% 0 0.00% 336 7.05% 6.54% 1 206,795 0.00 0.00 0.00 0.00 25-Apr-05 160 4.27% 22,259,390 3.43% 0.00% 0.00% 0 0.00% 0 0.00% 338 7.05% 6.54% 0 0 0.00 0.00 0.00 0.00 25-Mar-05 160 4.27% 22,283,489 3.43% 1.84% 2.70% 0 0.00% 0 0.00% 339 7.07% 6.57% 3 618,180 0.00 0.00 0.00 0.00 (1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period. Page 57 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # Balance # Amount Life Coupon Remit Statement Date: Ending Arrearage (1) Balance Insurance Substitution Liquidation Proceeds Proceeds Proceeds Group III Loans - Fixed 2nd Lien 25-May-05 70 1.87% 2,853,441 0.44% 0.00% 0.00% 0 0.00% 0 0.00% 205 10.46% 9.96% 0 0 0.00 0.00 0.00 0.00 25-Apr-05 70 1.87% 2,855,284 0.44% 0.00% 0.00% 0 0.00% 0 0.00% 206 10.46% 9.96% 0 0 0.00 0.00 0.00 0.00 25-Mar-05 70 1.87% 2,857,092 0.44% 0.00% 0.00% 0 0.00% 0 0.00% 207 10.46% 9.96% 0 0 0.00 0.00 0.00 0.00 (1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period. Page 58 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # Balance # Amount Life Coupon Remit Statement Date: Ending Arrearage (1) Balance Insurance Substitution Liquidation Proceeds Proceeds Proceeds Group III Loans - ARM 228 25-May-05 574 15.34% 100,662,525 15.51% 2.21% 2.33% 0 0.00% 0 0.00% 354 7.37% 6.87% 13 2,406,113 0.00 0.00 0.00 0.00 25-Apr-05 587 15.68% 103,125,523 15.89% 1.68% 1.70% 0 0.00% 0 0.00% 355 7.38% 6.87% 10 1,784,529 0.00 0.00 0.00 0.00 25-Mar-05 597 15.95% 104,971,893 16.18% 1.32% 1.40% 0 0.00% 0 0.00% 356 7.38% 6.88% 8 1,495,488 0.00 0.00 0.00 0.00 (1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period. Page 59 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 # Balance # Amount Life Coupon Remit Statement Date: Ending Arrearage (1) Balance Insurance Substitution Liquidation Proceeds Proceeds Proceeds Group III Loans - ARM 327 25-May-05 76 2.03% 13,225,813 2.04% 0.00% 0.00% 0 0.00% 0 0.00% 354 7.33% 6.83% 0 0 0.00 0.00 0.00 0.00 25-Apr-05 76 2.03% 13,235,219 2.04% 2.56% 3.48% 0 0.00% 0 0.00% 355 7.31% 6.80% 2 478,069 0.00 0.00 0.00 0.00 25-Mar-05 78 2.08% 13,723,015 2.11% 0.00% 0.00% 0 0.00% 0 0.00% 356 7.31% 6.80% 0 0 0.00 0.00 0.00 0.00 (1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period. Page 60 of 61 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. Bear Stearns Asset Backed Securities I Trust Payment Date:Prior Payment:Next Payment:Record Date: 25-May-0525-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 BeginningScheduled Balance Gross Proceeds Gross Proceeds as a % of Sched. Balance Aggregate LiquidationExpenses * Net Liquidation Proceeds Net Proceeds as a % of Sched. Balance Realized Loss Statement Date: Current TotalCumulative 23-May-2005 - 07:51 (U244-U266, U268) (c) 2005 LaSalle Bank N.A. 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

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Reporting Package Table of Contents

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

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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_200506_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:

7.342825%

3.090000%
3.314380%

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

348

Bond Payments

Statement Date:

ABN AMRO Acct: 722402.1

896.261215879

54.173757965

0.000000000

842.087457914

2.629032927

3.4243800000%

0.00

0.000000000

3.2000000000%

0.000000000

073879QS0

I-A-1

110,488,000.00

5,985,550.17

0.00

93,040,559.05

290,476.59

99,026,109.22

1000.000000000

0.000000000

1000.000000000

3.052499952

3.5543800000%

0.00

0.000000000

3.3300000000%

0.000000000

073879QT8

I-A-2

52,281,000.00

0.00

52,281,000.00

159,587.75

52,281,000.00

1000.000000000

0.000000000

1000.000000000

3.153333575

3.6643800000%

0.00

0.000000000

3.4400000000%

0.000000000

073879QU5

I-A-3

13,799,000.00

0.00

13,799,000.00

43,512.85

13,799,000.00

932.593417236

34.569033932

0.000000000

898.024383304

2.855290206

3.5643800000%

0.00

0.000000000

3.3400000000%

0.000000000

073879QV3

II-A-1

176,116,000.00

6,088,159.98

0.00

158,156,462.29

502,862.29

164,244,622.27

932.593417293

34.569033819

0.000000000

898.024383475

2.906582707

3.6243800000%

0.00

0.000000000

3.4000000000%

0.000000000

073879QW1

II-A-2

44,029,000.00

1,522,039.99

0.00

39,539,115.58

127,973.93

41,061,155.57

936.882673703

47.526253431

0.000000000

889.356420273

2.859834351

3.5543800000%

0.00

0.000000000

3.3300000000%

0.000000000

073879QX9

III-A-1

92,183,000.00

4,381,112.62

0.00

81,983,542.89

263,628.11

86,364,655.51

936.882672915

47.526253580

0.000000000

889.356419335

2.902774885

3.6043800000%

0.00

0.000000000

3.3800000000%

0.000000000

073879QY7

III-A-2

23,046,000.00

1,095,290.04

0.00

20,496,108.04

66,897.35

21,591,398.08

1000.000000000

0.000000000

1000.000000000

3.290833391

3.8143800000%

0.00

0.000000000

3.5900000000%

0.000000000

073879QZ4

M-1

43,149,000.00

0.00

43,149,000.00

141,996.17

43,149,000.00

1000.000000000

0.000000000

1000.000000000

3.520000000

4.0643800000%

0.00

0.000000000

3.8400000000%

0.000000000

073879RA8

M-2

34,714,000.00

0.00

34,714,000.00

122,193.28

34,714,000.00

1000.000000000

0.000000000

1000.000000000

3.556666667

4.1043800000%

0.00

0.000000000

3.8800000000%

0.000000000

073879RB6

M-3

9,408,000.00

0.00

9,408,000.00

33,461.12

9,408,000.00

1000.000000000

0.000000000

1000.000000000

3.932499743

4.5143800000%

0.00

0.000000000

4.2900000000%

0.000000000

073879RC4

M-4

9,733,000.00

0.00

9,733,000.00

38,275.02

9,733,000.00

1000.000000000

0.000000000

1000.000000000

4.024166443

4.6143800000%

0.00

0.000000000

4.3900000000%

0.000000000

073879RD2

M-5

7,462,000.00

0.00

7,462,000.00

30,028.33

7,462,000.00

1000.000000000

0.000000000

1000.000000000

4.757500000

5.4143800000%

0.00

0.000000000

5.1900000000%

0.000000000

073879RE0

M-6

6,488,000.00

0.00

6,488,000.00

30,866.66

6,488,000.00

1000.000000000

0.000000000

1000.000000000

5.582500000

6.3143800000%

0.00

2,944.56

0.453847102

5.5948937319%

0.000000000

073879RF7

M-7

6,488,000.00

0.00

6,488,000.00

36,219.26

6,488,000.00

1000.000000000

0.000000000

1000.000000000

5.582500000

6.3143800000%

0.00

2,944.56

0.453847102

5.5948937319%

0.000000000

073879RG5

M-8

6,488,000.00

0.00

6,488,000.00

36,219.26

6,488,000.00

1000.000000000

0.000000000

1000.000000000

97.336665622

0.00

1,263,178.03

97.336665622

N/A

0.000000000

073879RH3

12,977,412.18

0.00

12,977,412.18

1,263,178.03

12,977,412.18

1000.000000000

0.000000000

1000.000000000

3472780.400000000

0.00

347,278.04

3472780.400000000

N/A

0.000000000

073879RJ9

100.00

0.00

100.00

347,278.04

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

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:

7.342825%

3.090000%
3.314380%

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

348

Bond Payments

Statement Date:

ABN AMRO Acct: 722402.1

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

1,616,345.19

648,849,512.18

615,275,452.83

22,606,806.84

Total

596,203,300.03

19,072,152.80

0.00

3,534,654.04

Page 3 of 61

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary

Interest Summary

Total Trustee Fees

Available Interest

3,853,078.66

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

369,210.01

17,309.39

18,685,633.40

0.00
0.00
0.00

22,927,948.93

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

615,275,352.83

369,210.01

18,702,942.79

0.00
0.00
0.00

596,203,200.03

3,586

103

0
0

3,483

245,208.44

Extra Principal

Trigger Event

0.00

19,072,152.80

Over Collateralization Amt

12,977,412.18

Less Extra Principal

Remittance Interest

0.00

3,853,078.66

0.00

18,702,942.79

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(2,717.47

3,855,796.13

Total Fees

247,925.91

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

1.51

0.00

2,717.47

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

152,842.50

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

17,923.42

663.32

1,122,707.48

0.00
0.00
0.00

1,294,241.57

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

23,738,965.13

17,923.42

1,123,370.80

0.00
0.00
0.00

22,597,670.91

142

0
0

138

9,891.24

Trigger Event

1,141,294.22

Over Collateralization Amt

12,977,412.18

Remittance Interest

152,842.50

0.00

1,123,370.80

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(104.85

152,947.35

Total Fees

9,996.08

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

1.51

0.00

104.85

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

81,825.59

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

5,885.26

852.14

203,460.49

0.00
0.00
0.00

292,065.25

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

9,456,631.55

5,885.26

204,312.63

0.00
0.00
0.00

9,246,433.66

116

0
0

113

3,770.52

Trigger Event

210,197.89

Over Collateralization Amt

12,977,412.18

Remittance Interest

81,825.59

0.00

204,312.63

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(41.77

81,867.36

Total Fees

3,812.29

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

1.51

0.00

41.77

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

908,100.17

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

76,431.45

3,399.59

3,957,314.17

0.00
0.00
0.00

4,945,917.52

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

152,184,496.44

76,431.45

3,960,713.76

0.00
0.00
0.00

148,147,351.23

582

0
0

566

59,598.78

Trigger Event

4,037,145.21

Over Collateralization Amt

12,977,412.18

Remittance Interest

908,100.17

0.00

3,960,713.76

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(672.15

908,772.31

Total Fees

60,270.93

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

1.51

0.00

672.15

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

172,946.77

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

14,622.40

530.61

581,759.84

0.00
0.00
0.00

769,978.63

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

26,944,760.97

14,622.40

582,290.45

0.00
0.00
0.00

26,347,848.12

143

0
0

139

10,312.15

Trigger Event

596,912.85

Over Collateralization Amt

12,977,412.18

Remittance Interest

172,946.77

0.00

582,290.45

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(119.01

173,065.78

Total Fees

10,431.16

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

1.51

0.00

119.01

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

273,302.25

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

36,923.25

989.56

1,073,016.35

0.00
0.00
0.00

1,384,426.60

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

44,194,317.69

36,923.25

1,074,005.91

0.00
0.00
0.00

43,083,388.53

307

0
0

300

17,325.24

Trigger Event

1,110,929.16

Over Collateralization Amt

12,977,412.18

Remittance Interest

273,302.25

0.00

1,074,005.91

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(195.19

273,497.44

Total Fees

17,520.43

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

1.51

0.00

195.19

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

34,920.00

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

2,599.22

)

(68.43

107,055.47

0.00
0.00
0.00

144,523.94

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

4,003,655.92

2,599.22

106,987.04

0.00
0.00
0.00

3,894,069.66

101

0
0

1,668.19

Trigger Event

109,586.26

Over Collateralization Amt

12,977,412.18

Remittance Interest

34,920.00

0.00

106,987.04

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(17.68

34,937.68

Total Fees

1,685.87

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

1.51

0.00

17.68

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

1,144,572.54

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

115,263.05

6,669.37

5,018,414.71

0.00
0.00
0.00

6,285,740.92

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

185,942,605.40

115,263.05

5,025,084.08

0.00
0.00
0.00

180,802,258.27

1,139

0
0

1,110

75,140.34

Trigger Event

5,140,347.13

Over Collateralization Amt

12,977,412.18

Remittance Interest

1,144,572.54

0.00

5,025,084.08

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(821.25

1,145,393.79

Total Fees

75,961.58

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

1.51

0.00

821.25

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

182,506.75

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

16,675.84

440.71

1,232,220.87

0.00
0.00
0.00

1,431,976.84

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

30,038,325.41

16,675.84

1,232,661.58

0.00
0.00
0.00

28,788,987.99

177

0
0

170

12,264.62

Trigger Event

1,249,337.42

Over Collateralization Amt

12,977,412.18

Remittance Interest

182,506.75

0.00

1,232,661.58

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(132.67

182,639.42

Total Fees

12,397.29

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

1.51

0.00

132.67

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

125,294.85

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

21,526.83

1,231.16

419,411.84

0.00
0.00
0.00

567,561.98

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

22,029,815.21

21,526.83

420,643.00

0.00
0.00
0.00

21,587,645.38

159

0
0

157

8,928.34

Trigger Event

442,169.83

Over Collateralization Amt

12,977,412.18

Remittance Interest

125,294.85

0.00

420,643.00

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(97.30

125,392.15

Total Fees

9,025.63

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

1.51

0.00

97.30

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

26,084.82

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

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

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

1,588.53

91.53

187,564.15

0.00
0.00
0.00

215,341.64

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

2,853,441.01

1,588.53

187,655.68

0.00
0.00
0.00

2,664,196.80

0
0

1,049.01

Trigger Event

189,244.21

Over Collateralization Amt

12,977,412.18

Remittance Interest

26,084.82

0.00

187,655.68

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(12.60

26,097.43

Total Fees

1,061.61

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

1.51

0.00

12.60

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

665,795.86

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

50,729.05

2,235.25

4,280,721.28

0.00
0.00
0.00

4,999,926.04

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

100,662,525.06

50,729.05

4,282,956.53

0.00
0.00
0.00

96,328,839.48

574

0
0

553

40,017.44

Trigger Event

4,333,685.58

Over Collateralization Amt

12,977,412.18

Remittance Interest

665,795.86

0.00

4,282,956.53

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(444.59

666,240.46

Total Fees

40,462.03

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

1.51

0.00

444.59

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

84,886.55

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

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

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

9,041.71

274.58

501,986.75

0.00
0.00
0.00

596,248.01

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

13,225,813.04

9,041.71

502,261.33

0.00
0.00
0.00

12,714,510.00

0
0

5,242.58

Trigger Event

511,303.04

Over Collateralization Amt

12,977,412.18

Remittance Interest

84,886.55

0.00

502,261.33

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(58.41

84,944.97

Total Fees

5,300.99

Insurance Premium

Reimbursement Amt

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

Total Reimbursement Amt

Rolling 3-Month Delinquency

1.51

0.00

58.41

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

290,476.59

0.00

19.49%

21.25%

Act/360

3.200000000%

0.00

I-A-2

159,587.75

0.00

19.49%

21.25%

Act/360

3.330000000%

0.00

I-A-3

43,512.85

0.00

19.49%

21.25%

Act/360

3.440000000%

0.00

II-A-1

502,862.29

0.00

19.49%

21.25%

Act/360

3.340000000%

0.00

II-A-2

127,973.93

0.00

19.49%

21.25%

Act/360

3.400000000%

0.00

III-A-1

263,628.11

0.00

19.49%

21.25%

Act/360

3.330000000%

0.00

III-A-2

66,897.35

0.00

19.49%

21.25%

Act/360

3.380000000%

0.00

M-1

141,996.17

0.00

12.70%

13.85%

Act/360

3.590000000%

0.00

M-2

122,193.28

0.00

7.24%

7.90%

Act/360

3.840000000%

0.00

M-3

33,461.12

0.00

5.77%

6.29%

Act/360

3.880000000%

0.00

M-4

38,275.02

0.00

4.23%

4.62%

Act/360

4.290000000%

0.00

M-5

30,028.33

0.00

3.06%

3.34%

Act/360

4.390000000%

0.00

M-6

30,866.66

0.00

2.04%

2.22%

Act/360

5.190000000%

0.00

2,944.56

0.00

M-7

33,274.70

36,219.26

0.00

1.02%

1.11%

Act/360

5.594893732%

0.00

2,944.56

0.00

M-8

33,274.70

36,219.26

0.00

0.00%

Act/360

5.594893732%

0.00

1,263,178.03

0.00

0.000000000%

0.00

347,278.04

0.00

347,278.04

0.00

0.000000000%

0.00

347,278.04

5,889.12

1,918,308.85

2,271,476.01

3,534,654.04

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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%

21.25%

2/28/2035

93,040,559.05

0.00

99,026,109.22

110,488,000.00

114,862.53

0.00

5,870,687.64

I-A-2

19.49%

21.25%

2/28/2035

52,281,000.00

0.00

52,281,000.00

0.00

I-A-3

19.49%

21.25%

2/28/2035

13,799,000.00

0.00

13,799,000.00

0.00

II-A-1

19.49%

21.25%

2/28/2035

158,156,462.29

0.00

164,244,622.27

176,116,000.00

137,169.09

0.00

5,950,990.89

II-A-2

19.49%

21.25%

2/28/2035

39,539,115.58

0.00

41,061,155.57

44,029,000.00

34,292.27

0.00

1,487,747.72

III-A-1

19.49%

21.25%

2/28/2035

81,983,542.89

0.00

86,364,655.51

92,183,000.00

66,308.75

0.00

4,314,803.87

III-A-2

19.49%

21.25%

2/28/2035

20,496,108.04

0.00

21,591,398.08

23,046,000.00

16,577.37

0.00

1,078,712.67

M-1

12.70%

13.85%

2/28/2035

43,149,000.00

0.00

43,149,000.00

0.00

M-2

7.24%

7.90%

2/28/2035

34,714,000.00

0.00

34,714,000.00

0.00

M-3

5.77%

6.29%

2/28/2035

9,408,000.00

0.00

9,408,000.00

0.00

M-4

4.23%

4.62%

2/28/2035

9,733,000.00

0.00

9,733,000.00

0.00

M-5

3.06%

3.34%

2/28/2035

7,462,000.00

0.00

7,462,000.00

0.00

M-6

2.04%

2.22%

2/28/2035

6,488,000.00

0.00

6,488,000.00

0.00

M-7

1.02%

1.11%

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

369,210.01

0.00

18,702,942.79

0.00

648,849,512.18

596,203,300.03

615,275,452.83

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

347,278.04

347,278.04

Total Excess Allocated to the Bonds

347,278.04

0.00

Aggregate Interest Adjustment Allocated to the Bonds

0.00

347,278.04

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

318,424.63

0.00

Page 20 of 61

Bear Stearns Asset Backed Securities I Trust

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

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

2.53%

2.38%

0.95%

0.94%

0.69%

3,326,866

0.56%

0.55%

0.60%

0.00%

27-Jun-05

14,176,657

5,622,165

3,560,956

3,319

569,516,557

95.29%

95.52%

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

2.90%

1.94%

0.72%

0.28%

0.00%

1.45%

2.74%

0.00%

27-Jun-05

437,869

64,373

618,429

131

21,476,999

94.93%

95.04%

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

0.00%

2.65%

5.16%

3.54%

404,255

4.37%

0.00%

27-Jun-05

477,509

106

8,364,671

93.81%

90.46%

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

2.83%

2.46%

1.24%

1.22%

0.18%

95,492

0.06%

0.00%

27-Jun-05

3,641,700

1,804,255

542

142,605,905

95.76%

96.26%

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

2.88%

1.46%

1.44%

2.39%

0.72%

380,617

1.44%

1.23%

0.00%

27-Jun-05

384,328

630,203

323,170

130

24,629,530

93.53%

93.48%

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

1.67%

1.74%

1.33%

0.93%

0.33%

246,173

0.57%

0.33%

0.34%

0.00%

27-Jun-05

747,763

402,355

144,393

289

41,542,703

96.33%

96.42%

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

3.09%

4.10%

0.00%

1.03%

58,828

1.51%

0.00%

27-Jun-05

159,762

3,675,480

95.88%

94.39%

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

3.24%

3.09%

0.81%

0.63%

0.90%

1,400,937

0.77%

0.45%

0.28%

0.00%

27-Jun-05

5,594,976

1,132,752

510,700

1,050

172,162,894

94.59%

95.22%

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

1.76%

1.87%

0.00%

0.59%

293,792

1.02%

0.00%

27-Jun-05

539,008

166

27,956,187

97.65%

97.11%

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

0.64%

1.13%

0.00%

27-Jun-05

243,775

156

21,343,870

99.36%

98.87%

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

0.00%

1.52%

57,848

2.17%

0.00%

27-Jun-05

2,606,349

98.48%

97.83%

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

2.53%

2.06%

1.27%

1.15%

0.72%

388,924

0.40%

1.45%

1.74%

0.00%

27-Jun-05

1,985,948

1,110,718

1,677,609

520

91,165,640

94.03%

94.64%

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

2.70%

3.47%

0.00%

1.35%

2.25%

0.00%

27-Jun-05

441,528

286,654

11,986,328

95.95%

94.27%

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

27-Jun-05

144,393

103,066

3,416,562

0.00%

0.03%

0.02%

0.52%

0.57%

0.03%

0.02% 0.00%

0.00% 0.00%

0.00%

0.06%

0.02%

147,874

0.00%

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

27-Jun-05

618,429

0.00%

1.45%

2.74%

0.00%

0.00% 0.00%

0.00%

1.45%

0.65%

147,874

0.00%

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

27-Jun-05

0.00%

0.00% 0.00%

0.00%

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

27-Jun-05

0.00%

0.00% 0.00%

0.00%

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

27-Jun-05

323,170

0.00%

1.44%

1.23%

0.00%

0.00% 0.00%

0.00%

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

27-Jun-05

144,393

0.00%

0.33%

0.34%

0.00%

0.00% 0.00%

0.00%

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

27-Jun-05

0.00%

0.00% 0.00%

0.00%

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

27-Jun-05

510,700

0.00%

0.45%

0.28%

0.00%

0.00% 0.00%

0.00%

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

27-Jun-05

0.00%

0.00% 0.00%

0.00%

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

27-Jun-05

0.00%

0.00% 0.00%

0.00%

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

27-Jun-05

0.00%

0.00% 0.00%

0.00%

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

27-Jun-05

1,677,609

0.00%

1.45%

1.74%

0.00%

0.00% 0.00%

0.00%

-0.00%

0.00%

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

27-Jun-05

103,066

286,654

0.00%

1.35%

2.25%

1.35%

0.81% 0.00%

0.00% 0.00%

0.00%

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

27-Jun-05

3,483

93.05%

596,203,200

91.89%

2.87%

3.04%

0.00%

348

7.34%

6.84%

103

18,685,633

0.00

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

27-Jun-05

138

3.69%

22,597,671

3.48%

2.82%

4.73%

0.00%

341

7.47%

6.96%

1,122,707

0.00

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

27-Jun-05

113

3.02%

9,246,434

1.43%

2.59%

2.15%

0.00%

220

10.27%

9.77%

203,460

0.00

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

27-Jun-05

566

15.12%

148,147,351

22.83%

2.75%

2.60%

0.00%

353

7.15%

6.64%

3,957,314

0.00

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

27-Jun-05

139

3.71%

26,347,848

4.06%

2.80%

2.16%

0.00%

353

7.36%

6.85%

581,760

0.00

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

27-Jun-05

300

8.01%

43,083,389

6.64%

2.28%

2.43%

0.00%

344

7.35%

6.84%

1,073,016

0.00

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

27-Jun-05

2.59%

3,894,070

0.60%

3.96%

2.67%

0.00%

201

10.33%

9.82%

107,055

0.00

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

27-Jun-05

1,110

29.66%

180,802,258

27.87%

2.55%

2.70%

0.00%

353

7.27%

6.76%

5,018,415

0.00

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

27-Jun-05

170

4.54%

28,788,988

4.44%

3.95%

4.10%

0.00%

353

7.17%

6.66%

1,232,221

0.00

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

27-Jun-05

157

4.19%

21,587,645

3.33%

1.26%

1.90%

0.00%

335

7.05%

6.54%

419,412

0.00

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

27-Jun-05

1.76%

2,664,197

0.41%

5.71%

6.57%

0.00%

203

10.46%

9.96%

187,564

0.00

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

27-Jun-05

553

14.77%

96,328,839

14.85%

3.66%

4.25%

0.00%

353

7.37%

6.86%

4,280,721

0.00

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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

27-Jun-05

1.98%

12,714,510

1.96%

2.63%

3.80%

0.00%

353

7.33%

6.83%

501,987

0.00

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:

27-Jun-05
27-Jun-05

25-May-05

25-Jul-05

24-Jun-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..

Filing Compare · BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-HE2