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) December 27, 2005

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

Delaware
(State or other jurisdiction
of incorporation)

333-113636
(Commission
File Number)

20-0842986
(IRS Employer
Identification No.)

383 Madison Avenue, New York, 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-AQ1 Asset-Backed Certificates, Series 2005-AQ1, which was made on December 27, 2005.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(Exhibit No. Description)
99.1 Monthly distribution report pursuant to section 5.06 of the Pooling and Servicing Agreement for the distribution on December 27, 2005.

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: January 3, 2006

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Reporting Package Table of Contents

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Administrator:

Peter Sablich 312.904.8162
peter.sablich@abnamro.com

Analyst:

Kevin Ma 714.259.6254
kevin.ma@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

Swap Summary Report

Asset-Backed Facts - End of Month Scheduled Balances
Asset-Backed Facts ~ 15 Month Loan Status Summary Part I

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

Page 2-3
Page 4-10
Page 11
Page 12

Page 13

Page 14-16
Page 17-23

Page 24-30
Page 31-37

Page 38

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

BS005AQ1

BS005AQ1_200512_3.ZIP

Closing Date:

First Payment Date:

Rated Final Payment: Date:

29-Apr-05
25-May-05

25-Apr-35

Parties to The Transaction

Depositor: Bear Stearns & Co. Inc.

Underwriter: Bear Stearns & Co. Inc.

Master Servicer: EMC Mortgage Corporation

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

800.246.5761

LaSalle Factor Line

LaSalle Web Site

Servicer Web Site

www.emcmortgagecorp.com

www.etrustee.net

Page 1 of 38

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:

7.575991%

4.193750%
4.378750%

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2005-AQ1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

347

Bond Payments

Statement Date:

ABN AMRO Acct: 722579.1

434.934120506

85.697817215

0.000000000

349.236303291

1.659998481

4.4787500000%

0.00

0.000000000

4.2937500000%

0.000000000

073879UH9

I-A-1

39,500,000.00

3,385,063.78

0.00

13,794,833.98

65,569.94

17,179,897.76

1000.000000000

0.000000000

1000.000000000

3.861111111

4.5287500000%

0.00

0.000000000

4.3437500000%

0.000000000

073879UJ5

I-A-2

35,001,000.00

0.00

35,001,000.00

135,142.75

35,001,000.00

1000.000000000

0.000000000

1000.000000000

4.083333585

4.7787500000%

0.00

0.000000000

4.5937500000%

0.000000000

073879UK2

I-A-3

13,256,000.00

0.00

13,256,000.00

54,128.67

13,256,000.00

721.898322295

41.692287339

0.000000000

680.206034956

2.832247784

4.5987500000%

0.00

0.000000000

4.4137500000%

0.000000000

073879UL0

II-A-1

119,580,000.00

4,985,563.72

0.00

81,339,037.66

338,680.19

86,324,601.38

721.898322127

41.692287339

0.000000000

680.206034788

2.857915370

4.6387500000%

0.00

0.000000000

4.4537500000%

0.000000000

073879UM8

II-A-2

29,895,000.00

1,246,390.93

0.00

20,334,759.41

85,437.38

21,581,150.34

1000.000000000

0.000000000

1000.000000000

4.118888840

4.8187500000%

0.00

0.000000000

4.6337500000%

0.000000000

073879UN6

M-1

22,886,000.00

0.00

22,886,000.00

94,264.89

22,886,000.00

1000.000000000

0.000000000

1000.000000000

4.305555626

5.0287500000%

0.00

0.000000000

4.8437500000%

0.000000000

073879UP1

M-2

15,784,000.00

0.00

15,784,000.00

67,958.89

15,784,000.00

1000.000000000

0.000000000

1000.000000000

4.394444444

5.1287500000%

0.00

0.000000000

4.9437500000%

0.000000000

073879UQ9

M-3

4,104,000.00

0.00

4,104,000.00

18,034.80

4,104,000.00

1000.000000000

0.000000000

1000.000000000

4.927778038

5.7287500000%

0.00

0.000000000

5.5437500000%

0.000000000

073879UR7

M-4

4,262,000.00

0.00

4,262,000.00

21,002.19

4,262,000.00

1000.000000000

0.000000000

1000.000000000

5.105556077

5.9287500000%

0.00

0.000000000

5.7437500000%

0.000000000

073879US5

M-5

4,262,000.00

0.00

4,262,000.00

21,759.88

4,262,000.00

1000.000000000

0.000000000

1000.000000000

5.505555556

6.3787500000%

0.00

0.000000000

6.1937500000%

0.000000000

073879UT3

M-6

4,419,000.00

0.00

4,419,000.00

24,329.05

4,419,000.00

1000.000000000

0.000000000

1000.000000000

6.394603473

7.3787500000%

0.00

2,149.98

0.504453308

6.6264199901%

0.000000000

073879UU0

M-7

4,262,000.00

0.00

4,262,000.00

27,253.80

4,262,000.00

1000.000000000

0.000000000

1000.000000000

6.394602535

7.3787500000%

0.00

2,627.18

0.504450845

6.6264199901%

0.000000000

073879UV8

M-8

5,208,000.00

0.00

5,208,000.00

33,303.09

5,208,000.00

1000.000000000

0.000000000

1000.000000000

41.845457165

0.00

554,829.43

41.845457165

N/A

0.000000000

073879UW6

13,259,012.27

0.00

13,259,012.27

554,829.43

13,259,012.27

1000.000000000

0.000000000

1000.000000000

1805498.700000000

0.00

180,549.87

1805498.700000000

N/A

0.000000000

073879UX4

100.00

0.00

100.00

180,549.87

100.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879UY2

R-1

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879UZ9

R-2

0.00

Page 2 of 38

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:

7.575991%

4.193750%
4.378750%

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Bear Stearns Asset Backed Securities I Trust

Asset-Backed Certificates

Series 2005-AQ1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

347

Bond Payments

Statement Date:

ABN AMRO Acct: 722579.1

0.000000000

N/A

0.00

0.000000000

0.0000000000%

0.000000000

073879VA3

R-3

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879VB1

0.00

Total P&I Payment

0.00

740,156.46

315,678,112.27

251,788,761.75

11,339,263.25

Total

242,171,743.32

9,617,018.43

0.00

1,722,244.82

Page 3 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Statement Date:

Cash Reconciliation Summary

0.00

Interest Summary

Total Trustee Fees

Available Interest

1,661,233.55

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

202,330.51

)

(829.04

9,418,584.50

)

(3,067.54

0.00
0.00

11,279,930.57

Pool Balance Summary

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

Balance/Amount

Count

251,788,661.75

202,330.51

9,417,755.46

0.00

53,645.50

0.00

242,114,930.28

1,595

1
0

1,549

92,974.07

Extra Principal

Trigger Event

56,713.04

9,673,731.47

Overcollateralization Amt

13,202,299.23

Less Extra Principal

Remittance Interest

)

(56,713.04

1,604,520.51

0.00

9,471,400.96

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(1,678.59

1,662,912.14

Total Fees

94,652.66

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

7.50

0.00

1,678.59

LPMI Fees

0.00

Current Prepayment Charges

180,549.87

Cumulative Prepayment Charges

180,549.87

Page 4 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Statement Date:

Cash Reconciliation Summary Group I Loans - Fixed 1st Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

102,201.14

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

16,138.61

1,371.79

292,927.60

0.00
0.00
0.00

412,748.71

Pool Balance Summary

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

Balance/Amount

Count

16,435,485.34

16,138.61

294,299.39

0.00
0.00
0.00

16,125,047.34

111

0
0

109

6,308.52

Trigger Event

310,438.00

Overcollateralization Amt

13,202,299.23

Remittance Interest

102,201.14

0.00

294,299.39

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(109.57

102,310.71

Total Fees

6,418.09

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

7.50

0.00

109.57

LPMI Fees

0.00

Current Prepayment Charges

9,887.52

Cumulative Prepayment Charges

9,887.52

Page 5 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Statement Date:

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

0.00

Interest Summary

Total Trustee Fees

Available Interest

324,301.49

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

38,218.57

526.36

1,907,088.09

)

(3,067.54

0.00
0.00

2,267,389.32

Pool Balance Summary

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

Balance/Amount

Count

48,352,483.43

38,218.57

1,907,614.45

0.00

53,645.50

0.00

46,353,004.91

275

1
0

268

17,596.26

Trigger Event

1,942,765.48

Overcollateralization Amt

13,202,299.23

Remittance Interest

324,301.49

0.00

1,904,546.91

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(322.35

324,623.84

Total Fees

17,918.61

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

7.50

0.00

322.35

LPMI Fees

0.00

Current Prepayment Charges

38,777.58

Cumulative Prepayment Charges

38,777.58

Page 6 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Statement Date:

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

0.00

Interest Summary

Total Trustee Fees

Available Interest

203,899.91

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

22,533.14

)

(8,992.50

1,098,474.45

0.00
0.00
0.00

1,316,112.78

Pool Balance Summary

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

Balance/Amount

Count

29,667,715.05

22,533.14

1,089,481.95

0.00
0.00
0.00

28,555,699.96

159

0
0

156

11,246.78

Trigger Event

1,112,015.09

Overcollateralization Amt

13,202,299.23

Remittance Interest

203,899.91

0.00

1,089,481.95

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(197.78

204,097.69

Total Fees

11,444.57

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

7.50

0.00

197.78

LPMI Fees

0.00

Current Prepayment Charges

27,649.08

Cumulative Prepayment Charges

27,649.08

Page 7 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Statement Date:

Cash Reconciliation Summary Group II Loans - Fixed 1st Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

225,385.30

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

31,853.09

4,604.92

1,405,659.54

0.00
0.00
0.00

1,667,733.60

Pool Balance Summary

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

Balance/Amount

Count

34,613,402.99

31,853.09

1,410,264.46

0.00
0.00
0.00

33,171,285.44

230

0
0

223

12,533.27

Trigger Event

1,442,117.55

Overcollateralization Amt

13,202,299.23

Remittance Interest

225,385.30

0.00

1,410,264.46

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(230.76

225,616.05

Total Fees

12,764.02

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

7.50

0.00

230.76

LPMI Fees

0.00

Current Prepayment Charges

33,332.03

Cumulative Prepayment Charges

33,332.03

Page 8 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Statement Date:

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

0.00

Interest Summary

Total Trustee Fees

Available Interest

652,988.46

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

73,069.87

969.49

4,007,621.05

0.00
0.00
0.00

4,735,294.07

Pool Balance Summary

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

Balance/Amount

Count

96,781,140.56

73,069.87

4,008,590.54

0.00
0.00
0.00

92,699,480.15

661

0
0

638

35,128.02

Trigger Event

4,081,660.41

Overcollateralization Amt

13,202,299.23

Remittance Interest

652,988.46

0.00

4,008,590.54

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(645.21

653,633.66

Total Fees

35,773.23

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

7.50

0.00

645.21

LPMI Fees

0.00

Current Prepayment Charges

70,903.66

Cumulative Prepayment Charges

70,903.66

Page 9 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Statement Date:

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

0.00

Interest Summary

Total Trustee Fees

Available Interest

152,457.25

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

20,517.23

690.90

706,813.77

0.00
0.00
0.00

880,652.07

Pool Balance Summary

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

Balance/Amount

Count

25,938,434.38

20,517.23

707,504.67

0.00
0.00
0.00

25,210,412.48

159

0
0

155

10,161.21

Trigger Event

728,021.90

Overcollateralization Amt

13,202,299.23

Remittance Interest

152,457.25

0.00

707,504.67

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(172.92

152,630.17

Total Fees

10,334.13

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

7.50

0.00

172.92

LPMI Fees

0.00

Current Prepayment Charges

0.00

Cumulative Prepayment Charges

0.00

Page 10 of 38

Bear Stearns Asset Backed Securities I Trust

Class

Payment Date:

Prior Payment:
Next Payment:

Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Bond Interest Reconciliation

Additions

Accrual

Method Days

Statement Date:

Accrued

Certificate

Interest

Prior

Int Carry-Fwd

Shortfall

Prior

Shortfall

Reimbursement

Other

Interest

Proceeds

Other

Interest
Losses

Current

Int Carry-Fwd

Shortfall

Remaining

Int Carry-Fwd

Shortfall

Net Cap Rate

in Effect

Y/N

Distributable

Certificate

Interest

Payment

Amount

Deductions

Outstanding

Deposits from YM

Agreement

Remaining Basis Risk

Carry-Fwd Shortfall

Current Basis Risk

Carry-Fwd Shortfall

0.00

65,569.94

Act/360

0.00

65,569.94

0.00

I-A-1

0.00

135,142.75

Act/360

0.00

135,142.75

0.00

I-A-2

0.00

54,128.67

Act/360

0.00

54,128.67

0.00

I-A-3

0.00

338,680.19

Act/360

0.00

338,680.19

0.00

II-A-1

0.00

85,437.38

Act/360

0.00

85,437.38

0.00

II-A-2

0.00

94,264.89

Act/360

0.00

94,264.89

0.00

M-1

0.00

67,958.89

Act/360

0.00

67,958.89

0.00

M-2

0.00

18,034.80

Act/360

0.00

18,034.80

0.00

M-3

0.00

21,002.19

Act/360

0.00

21,002.19

0.00

M-4

0.00

21,759.88

Act/360

0.00

21,759.88

0.00

M-5

0.00

24,329.05

Act/360

0.00

24,329.05

0.00

M-6

0.00

27,253.80

Act/360

0.00

25,103.82

0.00

Yes

M-7

2,149.98

0.00

33,303.10

33,303.09

Act/360

0.00

30,675.91

0.00

Yes

M-8

2,627.19

0.00

112,947.14

554,829.43

0.00

36,867.83

0.00

112,947.14

0.00

180,549.87

0.00

117,724.31

0.00

982,088.36

1,280,362.54

1,722,244.82

0.00

36,867.83

0.00

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

Page 11 of 38

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

Bear Stearns Asset Backed Securities I Trust

Payment Date:

Prior Payment:
Next Payment:

Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

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

4.00
1.00

I-A-1

0.00%

4/25/2035

13,794,833.98

0.00

17,179,897.76

39,500,000.00

76,890.32

0.00

19,845.21

3,288,328.25

I-A-2

0.00%

4/25/2035

35,001,000.00

0.00

35,001,000.00

0.00

I-A-3

0.00%

4/25/2035

13,256,000.00

0.00

13,256,000.00

0.00

II-A-1

0.00%

4/25/2035

81,339,037.66

0.00

86,324,601.38

119,580,000.00

100,352.15

0.00

4,885,211.57

II-A-2

0.00%

4/25/2035

20,334,759.41

0.00

21,581,150.34

29,895,000.00

25,088.04

0.00

1,221,302.89

M-1

0.00%

4/25/2035

22,886,000.00

0.00

22,886,000.00

0.00

M-2

0.00%

4/25/2035

15,784,000.00

0.00

15,784,000.00

0.00

M-3

0.00%

4/25/2035

4,104,000.00

0.00

4,104,000.00

0.00

M-4

0.00%

4/25/2035

4,262,000.00

0.00

4,262,000.00

0.00

M-5

0.00%

4/25/2035

4,262,000.00

0.00

4,262,000.00

0.00

M-6

0.00%

4/25/2035

4,419,000.00

0.00

4,419,000.00

0.00

M-7

0.00%

4/25/2035

4,262,000.00

0.00

4,262,000.00

0.00

M-8

0.00%

4/25/2035

5,208,000.00

0.00

5,208,000.00

0.00

4/25/2035

13,259,012.27

0.00

13,259,012.27

0.00

4/25/2035

100.00

0.00

100.00

0.00

202,330.51

0.00

9,394,842.71

19,845.21

315,678,112.27

242,171,743.32

251,788,761.75

Page 12 of 38

(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-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

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

112,947.14

0.00

Page 13 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

End of Month Scheduled Balance Reporting

Statement Date:

- Summary of Servicer Delinquency Status

Group 1

Type

Count

Count (%)

Sch UPB

Sch UPB (%)

Arrears

Arrears (%)

F/C Quick Sale Value

REO Book Value

79,148,543.51

0.00

85.5318

0.0000

453

83.1193

4,450,233.36

0.00

4.8091

0.0000

3.8532

2,225,505.44

0.00

2.4050

0.0000

2.5688

1,679,908.47

0.00

1.8154

0.0000

90+

2.2018

514,600.04

0.00

0.5561

0.0000

BKY0

0.5505

51,565.65

0.00

0.0557

0.0000

BKY60

0.1835

853,632.75

0.00

0.9225

0.0000

BKY90+

1.4679

3,491,645.04

0.00

3.7732

0.0000

F/C90+

4.5872

0.00

0.0000

PIF

1.1009

121,379.93

0.00

0.1312

0.0000

REO90+

0.3670

Total:

545

92,537,014.19

0.00

100.0000

0.0000

0.00

DLQ Total:

12,873,870.64

0.00

15.2294%

13.9121%

0.0000%

Page 14 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

End of Month Scheduled Balance Reporting

Statement Date:

- Summary of Servicer Delinquency Status

Group 2

Type

Count

Count (%)

Sch UPB

Sch UPB (%)

Arrears

Arrears (%)

F/C Quick Sale Value

REO Book Value

134,718,357.89

0.00

87.7415

0.0000

894

85.1429

7,153,943.43

0.00

4.6593

0.0000

4.5714

3,071,544.10

0.00

2.0005

0.0000

2.0952

2,775,952.79

0.00

1.8080

0.0000

90+

1.7143

1,419,697.18

0.00

0.9246

0.0000

BKY0

0.9524

97,038.54

0.00

0.0632

0.0000

BKY30

0.0952

379,024.80

0.00

0.2469

0.0000

BKY90+

0.3810

3,447,045.56

0.00

2.2450

0.0000

F/C90+

2.4762

0.00

0.0000

PIF

2.0000

477,412.61

0.00

0.3109

0.0000

REO90+

0.5714

Total:

1,050

153,540,016.90

0.00

100.0000

0.0000

0.00

DLQ Total:

125

17,401,961.83

0.00

11.9048%

11.3338%

0.0000%

Page 15 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

End of Month Scheduled Balance Reporting

Statement Date:

- Summary of Servicer Delinquency Status

Total

Type

Count

Count (%)

Sch UPB

Sch UPB (%)

Arrears

Arrears (%)

F/C Quick Sale Value

REO Book Value

213,866,901.40

0.00

86.9106

0.0000

1,347

84.4514

11,604,176.79

0.00

4.7157

0.0000

4.3260

5,297,049.54

0.00

2.1526

0.0000

2.2571

4,455,861.26

0.00

1.8108

0.0000

90+

1.8809

1,934,297.22

0.00

0.7861

0.0000

BKY0

0.8150

97,038.54

0.00

0.0394

0.0000

BKY30

0.0627

51,565.65

0.00

0.0210

0.0000

BKY60

0.0627

1,232,657.55

0.00

0.5009

0.0000

BKY90+

0.7524

6,938,690.60

0.00

2.8197

0.0000

F/C90+

3.1975

0.00

0.0000

PIF

1.6928

598,792.54

0.00

0.2433

0.0000

REO90+

0.5016

Total:

1,595

246,077,031.09

0.00

100.0000

0.0000

0.00

DLQ Total:

208

30,275,832.47

0.00

13.0408%

12.3034%

0.0000%

Page 16 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

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

4.45%

4.68%

2.32%

2.09%

2.65%

5,574,494

2.30%

3.29%

2.87%

0.52%

0.25%

27-Dec-05

11,330,369

5,070,476

6,938,691

598,793

1,344

212,602,109

86.77%

87.81%

4.83%

4.88%

1.88%

1.64%

2.01%

4,941,690

1.96%

3.32%

2.80%

0.25%

0.13%

25-Nov-05

12,295,096

4,132,283

7,038,516

337,410

1,399

223,043,666

87.71%

88.58%

4.07%

3.66%

1.52%

1.71%

1.82%

4,139,936

1.58%

3.16%

2.85%

0.12%

0.06%

25-Oct-05

9,577,599

4,469,099

7,475,269

155,713

1,470

236,205,858

89.31%

90.15%

3.35%

3.10%

2.77%

2.64%

1.35%

4,039,266

1.48%

2.41%

1.85%

0.00%

26-Sep-05

8,446,843

7,200,027

5,034,224

1,531

247,885,061

90.11%

90.93%

4.51%

4.94%

2.45%

2.01%

0.40%

1,310,865

0.46%

1.54%

1.33%

0.00%

25-Aug-05

14,038,190

5,722,435

3,776,911

1,596

259,560,580

91.10%

91.26%

4.44%

4.49%

1.28%

1.22%

0.06%

433,457

0.15%

0.78%

0.57%

0.00%

25-Jul-05

13,247,100

3,603,333

1,696,451

1,683

276,147,315

93.45%

93.57%

2.06%

2.11%

0.92%

0.87%

0.00%

27-Jun-05

6,460,648

2,650,497

1,792

296,862,975

97.02%

1.23%

1.10%

0.00%

25-May-05

3,420,866

1,852

308,866,613

98.77%

98.90%

Page 17 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

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

3.67%

1.90%

0.00%

1.83%

406,356

2.52%

1.83%

4.29%

0.00%

27-Dec-05

306,266

691,826

101

14,720,599

92.66%

91.29%

0.00%

0.90%

1.95%

0.90%

85,911

0.52%

1.80%

4.21%

0.00%

25-Nov-05

320,745

692,369

107

15,336,461

96.40%

93.31%

0.88%

1.90%

0.88%

0.51%

0.00%

1.77%

4.10%

0.00%

25-Oct-05

320,992

85,961

692,909

109

15,796,157

96.46%

93.49%

2.63%

2.39%

0.88%

3.34%

0.88%

321,229

1.89%

0.88%

0.75%

0.00%

26-Sep-05

406,399

566,773

126,672

108

15,562,600

94.74%

91.63%

0.85%

3.21%

1.71%

2.54%

0.00%

25-Aug-05

567,185

448,265

114

16,666,740

97.44%

94.26%

0.85%

0.71%

0.00%

25-Jul-05

126,912

117

17,700,092

99.15%

99.29%

0.84%

0.33%

0.00%

27-Jun-05

60,087

118

17,896,836

99.16%

99.67%

0.00%

25-May-05

120

18,094,936

100.00%

Page 18 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

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 1st Lien

4.85%

7.26%

4.10%

4.06%

3.73%

1,398,769

3.02%

5.22%

2.63%

0.75%

0.26%

27-Dec-05

3,367,301

1,881,532

1,219,464

121,380

218

38,364,559

81.34%

82.77%

6.91%

7.37%

2.18%

3.27%

1,192,739

2.47%

5.09%

2.29%

0.36%

0.12%

25-Nov-05

3,562,589

1,054,384

1,109,084

58,087

226

41,375,599

82.18%

85.57%

5.56%

4.68%

2.08%

2.17%

3.47%

1,381,706

2.72%

5.21%

2.25%

0.35%

0.10%

25-Oct-05

2,372,488

1,100,494

1,140,234

50,703

240

44,660,781

83.33%

88.08%

4.07%

3.66%

3.73%

2.77%

2.71%

1,147,505

2.21%

4.75%

2.02%

0.00%

26-Sep-05

1,904,924

1,441,439

1,050,117

250

46,483,682

84.75%

89.34%

4.33%

3.65%

4.00%

3.07%

0.67%

143,722

0.27%

3.33%

1.71%

0.00%

25-Aug-05

1,954,112

1,642,693

918,332

263

48,906,878

87.67%

91.30%

7.47%

7.54%

2.27%

1.33%

0.00%

1.95%

1.09%

0.00%

25-Jul-05

4,205,860

740,258

606,490

272

50,225,489

88.31%

90.05%

3.17%

2.63%

2.22%

1.57%

0.00%

27-Jun-05

1,515,526

907,543

298

55,211,151

94.60%

95.80%

3.13%

2.11%

0.00%

25-May-05

1,239,790

310

57,646,619

96.88%

97.89%

Page 19 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

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 1st Lien

1.92%

1.42%

2.56%

1.39%

5.13%

728,416

2.55%

5.77%

5.53%

0.00%

27-Dec-05

405,820

395,539

1,580,355

132

25,445,570

84.62%

89.11%

5.66%

3.52%

1.26%

0.64%

3.77%

1,099,236

3.71%

7.55%

7.07%

0.00%

25-Nov-05

1,045,395

190,971

2,096,312

130

25,235,801

81.76%

85.06%

3.09%

2.33%

1.85%

2.88%

3.09%

731,610

2.40%

6.79%

6.64%

0.00%

25-Oct-05

708,311

877,189

2,021,755

138

26,104,925

85.19%

85.75%

3.59%

3.77%

5.99%

4.73%

2.99%

1,260,542

3.93%

2.40%

2.76%

0.00%

26-Sep-05

1,207,542

1,515,265

884,627

142

27,172,180

85.03%

84.81%

10.40%

11.08%

2.31%

1.03%

1.73%

1,037,546

3.04%

2.31%

2.66%

0.00%

25-Aug-05

3,774,735

352,581

906,418

144

28,006,942

83.24%

82.18%

7.91%

8.42%

2.26%

3.07%

0.56%

433,457

1.23%

0.56%

0.59%

0.00%

25-Jul-05

2,968,541

1,081,067

206,402

157

30,579,702

88.70%

86.70%

6.04%

6.20%

1.10%

1.72%

0.00%

27-Jun-05

2,305,849

640,233

169

34,237,521

92.86%

92.08%

1.08%

1.68%

0.00%

25-May-05

640,603

183

37,387,293

98.92%

98.32%

Page 20 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

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

3.59%

2.48%

1.35%

1.30%

0.45%

109,085

0.33%

1.35%

1.55%

0.45%

0.15%

27-Dec-05

822,439

432,323

513,574

50,146

207

31,243,718

92.83%

94.19%

4.35%

3.66%

0.43%

0.29%

0.87%

379,718

1.10%

1.30%

0.85%

0.00%

25-Nov-05

1,266,748

101,251

293,634

214

32,572,052

93.04%

94.10%

3.43%

2.68%

0.43%

0.29%

0.86%

380,035

1.08%

1.29%

0.84%

0.00%

25-Oct-05

938,502

101,328

293,861

219

33,369,453

93.99%

95.12%

1.67%

1.05%

0.83%

0.58%

0.00%

1.67%

1.55%

0.00%

26-Sep-05

382,675

210,710

565,132

230

35,263,225

95.83%

96.82%

1.63%

1.45%

1.63%

0.93%

0.00%

1.22%

1.38%

0.00%

25-Aug-05

539,792

346,254

515,347

234

35,927,774

95.51%

96.25%

1.61%

0.91%

0.80%

1.14%

0.00%

0.40%

0.22%

0.00%

25-Jul-05

346,487

431,128

84,656

242

37,075,850

97.19%

97.73%

0.79%

0.85%

0.40%

0.22%

0.00%

27-Jun-05

325,557

84,726

249

38,090,491

98.81%

98.93%

0.39%

0.22%

0.00%

25-May-05

84,795

253

38,823,492

99.61%

99.78%

Page 21 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

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 1st Lien

6.11%

6.74%

2.66%

2.36%

2.51%

2,548,686

2.75%

2.82%

2.45%

0.78%

0.46%

27-Dec-05

6,245,055

2,192,128

2,270,374

427,267

543

79,015,970

85.11%

85.24%

4.99%

5.57%

2.42%

2.09%

1.66%

1,966,592

2.03%

2.87%

2.39%

0.45%

0.29%

25-Nov-05

5,386,656

2,023,123

2,313,310

279,322

579

84,812,137

87.59%

87.63%

4.39%

4.16%

1.75%

2.09%

1.46%

1,293,401

1.28%

2.34%

2.15%

0.15%

0.10%

25-Oct-05

4,223,962

2,118,459

2,178,437

105,010

615

91,521,096

89.91%

90.22%

3.25%

3.07%

2.69%

2.57%

1.13%

1,098,397

1.04%

1.98%

1.70%

0.00%

26-Sep-05

3,249,804

2,715,493

1,797,537

643

96,833,513

90.95%

91.62%

4.63%

5.11%

2.72%

2.53%

0.14%

59,652

0.05%

0.95%

0.72%

0.00%

25-Aug-05

5,688,109

2,812,582

804,643

673

101,886,412

91.56%

91.58%

4.86%

4.66%

0.79%

0.63%

0.00%

0.66%

0.51%

0.00%

25-Jul-05

5,429,867

731,207

595,961

713

109,864,097

93.69%

94.21%

1.41%

1.48%

0.77%

0.67%

0.00%

27-Jun-05

1,796,180

814,960

765

118,461,795

97.83%

97.84%

1.01%

0.84%

0.00%

25-May-05

1,034,553

784

122,157,356

98.99%

99.16%

Page 22 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

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 1st Lien

1.29%

0.73%

0.65%

0.67%

2.58%

383,182

1.52%

3.23%

2.63%

0.00%

27-Dec-05

183,488

168,954

663,097

143

23,811,692

92.26%

94.45%

3.77%

3.99%

2.52%

1.70%

1.89%

217,494

0.84%

1.89%

2.06%

0.00%

25-Nov-05

1,033,708

441,809

533,807

143

23,711,616

89.94%

91.41%

4.22%

3.69%

1.20%

0.68%

1.81%

353,185

1.29%

3.01%

4.18%

0.00%

25-Oct-05

1,013,345

185,667

1,148,073

149

24,753,447

89.76%

90.16%

5.11%

4.40%

2.27%

2.55%

0.57%

211,593

0.72%

2.27%

2.07%

0.00%

26-Sep-05

1,295,499

750,347

610,139

158

26,569,860

89.77%

90.26%

4.95%

4.96%

0.55%

0.39%

0.55%

69,945

0.23%

1.65%

2.07%

0.00%

25-Aug-05

1,514,257

120,059

632,171

168

28,165,833

92.31%

92.34%

0.53%

2.13%

1.96%

0.00%

0.53%

0.64%

0.00%

25-Jul-05

169,434

619,673

202,942

182

30,702,086

96.81%

96.87%

1.52%

1.36%

0.51%

0.60%

0.00%

27-Jun-05

457,449

203,036

193

32,965,181

97.97%

98.04%

0.98%

1.20%

0.00%

25-May-05

421,125

202

34,756,918

99.02%

98.80%

Page 23 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Distribution

Date

Statement Date:

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

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

97,039

51,566

6,938,691

1,232,658

0.00%

3.29%

2.87%

0.06%

0.04% 0.06%

0.02% 0.77%

0.51%

0.00%

0.84%

0.80%

1,934,297

598,793

0.00%

0.52%

0.00%

0.25%

25-Nov-05

362,848

207,453

7,038,516

919,144

0.00%

3.32%

2.80%

0.19%

0.14% 0.13%

0.08% 0.56%

0.37%

0.00%

0.63%

0.70%

1,755,337

337,410

0.00%

0.25%

0.00%

0.13%

25-Oct-05

188,011

7,475,269

516,825

0.00%

3.16%

2.85%

0.00%

0.00% 0.06%

0.07% 0.24%

0.20%

0.00%

0.43%

0.59%

1,545,536

155,713

0.00%

0.12%

0.00%

0.06%

26-Sep-05

147,947

119,160

5,034,224

576,800

0.00%

2.41%

1.85%

0.06%

0.05% 0.06%

0.04% 0.12%

0.21%

0.00%

0.41%

0.54%

1,483,726

0.00%

25-Aug-05

3,776,911

0.00%

1.54%

1.33%

0.00%

0.00% 0.00%

0.00%

0.06%

174,682

0.00%

25-Jul-05

1,696,451

0.00%

0.78%

0.57%

0.00%

0.00% 0.00%

0.00%

0.06%

174,821

0.00%

27-Jun-05

0.00%

0.00% 0.00%

0.00%

25-May-05

0.00%

0.00% 0.00%

0.00%

Page 24 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Distribution

Date

Statement Date:

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

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

691,826

0.00%

1.83%

4.29%

0.00%

0.00% 0.00%

0.00%

0.92%

0.47%

76,368

0.00%

25-Nov-05

692,369

0.00%

1.80%

4.21%

0.00%

0.00% 0.00%

0.00%

0.90%

0.47%

76,436

0.00%

25-Oct-05

692,909

0.00%

1.77%

4.10%

0.00%

0.00% 0.00%

0.00%

26-Sep-05

126,672

0.00%

0.88%

0.75%

0.00%

0.00% 0.00%

0.00%

25-Aug-05

0.00%

0.00% 0.00%

0.00%

25-Jul-05

0.00%

0.00% 0.00%

0.00%

27-Jun-05

0.00%

0.00% 0.00%

0.00%

25-May-05

0.00%

0.00% 0.00%

0.00%

Page 25 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Distribution

Date

Statement Date:

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

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Group I Loans - ARM 228 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

51,566

1,219,464

467,018

0.00%

5.22%

2.63%

0.00%

0.00% 0.37%

0.11% 1.87%

1.01%

0.00%

0.75%

0.95%

438,232

121,380

0.00%

0.75%

0.00%

0.26%

25-Nov-05

1,109,084

349,078

0.00%

5.09%

2.29%

0.00%

0.00% 0.00%

0.00% 1.45%

0.72%

0.00%

0.73%

0.91%

438,624

58,087

0.00%

0.36%

0.00%

0.12%

25-Oct-05

1,140,234

327,871

0.00%

5.21%

2.25%

0.00%

0.00% 0.00%

0.00% 0.69%

0.65%

0.00%

0.35%

0.71%

360,547

50,703

0.00%

0.35%

0.00%

0.10%

26-Sep-05

147,947

1,050,117

197,032

0.00%

4.75%

2.02%

0.34%

0.28% 0.00%

0.00% 0.34%

0.38%

0.00%

25-Aug-05

918,332

0.00%

3.33%

1.71%

0.00%

0.00% 0.00%

0.00%

25-Jul-05

606,490

0.00%

1.95%

1.09%

0.00%

0.00% 0.00%

0.00%

27-Jun-05

0.00%

0.00% 0.00%

0.00%

25-May-05

0.00%

0.00% 0.00%

0.00%

Page 26 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Distribution

Date

Statement Date:

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

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Group I Loans - ARM 327 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

1,580,355

386,615

0.00%

5.77%

5.53%

0.00%

0.00% 0.00%

0.00% 1.92%

1.35%

0.00%

25-Nov-05

91,367

2,096,312

187,877

0.00%

7.55%

7.07%

0.00%

0.00% 0.63%

0.31% 0.63%

0.63%

0.00%

25-Oct-05

188,011

2,021,755

0.00%

6.79%

6.64%

0.00%

0.00% 0.62%

0.62% 0.00%

0.00%

26-Sep-05

884,627

379,768

0.00%

2.40%

2.76%

0.00%

0.00% 0.00%

0.00% 0.60%

1.19%

0.00%

25-Aug-05

906,418

0.00%

2.31%

2.66%

0.00%

0.00% 0.00%

0.00%

25-Jul-05

206,402

0.00%

0.56%

0.59%

0.00%

0.00% 0.00%

0.00%

27-Jun-05

0.00%

0.00% 0.00%

0.00%

25-May-05

0.00%

0.00% 0.00%

0.00%

Page 27 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Distribution

Date

Statement Date:

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

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

513,574

0.00%

1.35%

1.55%

0.00%

0.00% 0.00%

0.00%

2.24%

2.43%

805,262

50,146

0.00%

0.45%

0.00%

0.15%

25-Nov-05

293,634

0.00%

1.30%

0.85%

0.00%

0.00% 0.00%

0.00%

1.74%

2.06%

712,395

0.00%

25-Oct-05

293,861

0.00%

1.29%

0.84%

0.00%

0.00% 0.00%

0.00%

0.86%

1.38%

485,630

0.00%

26-Sep-05

565,132

0.00%

1.67%

1.55%

0.00%

0.00% 0.00%

0.00%

0.83%

1.33%

486,059

0.00%

25-Aug-05

515,347

0.00%

1.22%

1.38%

0.00%

0.00% 0.00%

0.00%

25-Jul-05

84,656

0.00%

0.40%

0.22%

0.00%

0.00% 0.00%

0.00%

27-Jun-05

0.00%

0.00% 0.00%

0.00%

25-May-05

0.00%

0.00% 0.00%

0.00%

Page 28 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Distribution

Date

Statement Date:

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

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Group II Loans - ARM 228 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

97,039

2,270,374

231,400

0.00%

2.82%

2.45%

0.16%

0.10% 0.00%

0.00% 0.31%

0.25%

0.00%

0.47%

0.29%

266,813

427,267

0.00%

0.78%

0.00%

0.46%

25-Nov-05

161,353

116,085

2,313,310

234,470

0.00%

2.87%

2.39%

0.30%

0.17% 0.15%

0.12% 0.30%

0.24%

0.00%

0.30%

0.39%

381,442

279,322

0.00%

0.45%

0.00%

0.29%

25-Oct-05

2,178,437

119,096

0.00%

2.34%

2.15%

0.00%

0.00% 0.00%

0.00% 0.15%

0.12%

0.00%

0.44%

0.49%

497,637

105,010

0.00%

0.15%

0.00%

0.10%

26-Sep-05

119,160

1,797,537

0.00%

1.98%

1.70%

0.00%

0.00% 0.14%

0.11% 0.00%

0.00%

0.42%

0.66%

695,506

0.00%

25-Aug-05

804,643

0.00%

0.95%

0.72%

0.00%

0.00% 0.00%

0.00%

0.14%

0.16%

174,682

0.00%

25-Jul-05

595,961

0.00%

0.66%

0.51%

0.00%

0.00% 0.00%

0.00%

0.13%

0.15%

174,821

0.00%

27-Jun-05

0.00%

0.00% 0.00%

0.00%

25-May-05

0.00%

0.00% 0.00%

0.00%

Page 29 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

Distribution

Date

Statement Date:

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

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Group II Loans - ARM 327 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

663,097

147,625

0.00%

3.23%

2.63%

0.00%

0.00% 0.00%

0.00% 1.29%

0.59%

0.00%

1.29%

1.38%

347,622

0.00%

25-Nov-05

201,496

533,807

147,718

0.00%

1.89%

2.06%

0.63%

0.78% 0.00%

0.00% 1.26%

0.57%

0.00%

0.63%

0.56%

146,441

0.00%

25-Oct-05

1,148,073

69,858

0.00%

3.01%

4.18%

0.00%

0.00% 0.00%

0.00% 0.60%

0.25%

0.00%

0.60%

0.73%

201,722

0.00%

26-Sep-05

610,139

0.00%

2.27%

2.07%

0.00%

0.00% 0.00%

0.00%

1.14%

1.03%

302,161

0.00%

25-Aug-05

632,171

0.00%

1.65%

2.07%

0.00%

0.00% 0.00%

0.00%

25-Jul-05

202,942

0.00%

0.53%

0.64%

0.00%

0.00% 0.00%

0.00%

27-Jun-05

0.00%

0.00% 0.00%

0.00%

25-May-05

0.00%

0.00% 0.00%

0.00%

Page 30 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

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-Dec-05

1,549

81.96%

242,114,930

76.70%

2.82%

3.74%

0.06%

56,713

0.02%

347

7.58%

7.07%

9,418,584

0.00

(3,067.54)

25-Nov-05

1,595

84.39%

251,788,662

79.76%

3.10%

3.82%

0.00%

349

7.58%

7.07%

10,018,412

0.00

25-Oct-05

1,646

87.09%

262,023,475

83.00%

3.12%

3.80%

0.00%

350

7.57%

7.06%

10,360,871

0.00

26-Sep-05

1,699

89.89%

272,605,422

86.36%

3.03%

4.07%

0.00%

351

7.57%

7.06%

11,574,013

0.00

25-Aug-05

1,752

92.70%

284,408,981

90.09%

2.72%

3.55%

0.00%

352

7.57%

7.06%

10,473,120

0.00

25-Jul-05

1,801

95.29%

295,127,656

93.49%

2.49%

3.45%

0.00%

353

7.57%

7.06%

10,548,624

0.00

27-Jun-05

1,847

97.72%

305,974,120

96.93%

1.49%

1.94%

0.00%

354

7.56%

7.06%

6,067,992

0.00

25-May-05

1,875

99.21%

312,287,479

98.93%

0.79%

0.99%

0.00%

355

7.56%

7.05%

3,129,222

0.00

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

Page 31 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

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-Dec-05

109

5.77%

16,125,047

5.11%

1.80%

1.78%

0.00%

337

7.28%

6.77%

292,928

0.00

25-Nov-05

111

5.87%

16,435,485

5.21%

1.77%

2.63%

0.00%

338

7.25%

6.74%

444,112

0.00

25-Oct-05

113

5.98%

16,896,019

5.35%

0.88%

0.42%

0.00%

339

7.26%

6.75%

70,892

0.00

26-Sep-05

114

6.03%

16,983,674

5.38%

2.56%

3.86%

0.00%

340

7.27%

6.76%

681,862

0.00

25-Aug-05

117

6.19%

17,682,191

5.60%

0.85%

0.71%

0.00%

342

7.28%

6.77%

127,066

0.00

25-Jul-05

118

6.24%

17,827,004

5.65%

0.84%

0.61%

0.00%

343

7.30%

6.79%

109,834

0.00

27-Jun-05

119

6.30%

17,956,923

5.69%

0.83%

0.67%

0.00%

344

7.31%

6.80%

120,828

0.00

25-May-05

120

6.35%

18,094,936

5.73%

0.83%

0.93%

0.00%

345

7.32%

6.82%

170,824

0.00

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

Page 32 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

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 1st Lien

27-Dec-05

268

14.18%

46,353,005

14.68%

2.18%

3.94%

0.36%

56,713

0.12%

349

7.59%

7.09%

1,907,088

0.00

(3,067.54)

25-Nov-05

275

14.55%

48,352,483

15.32%

4.51%

4.56%

0.00%

350

7.59%

7.08%

2,312,914

0.00

25-Oct-05

288

15.24%

50,706,405

16.06%

2.37%

2.46%

0.00%

351

7.59%

7.08%

1,279,509

0.00

26-Sep-05

295

15.61%

52,027,668

16.48%

1.67%

2.79%

0.00%

352

7.57%

7.07%

1,496,544

0.00

25-Aug-05

300

15.87%

53,565,736

16.97%

2.60%

3.89%

0.00%

353

7.57%

7.06%

2,170,105

0.00

25-Jul-05

308

16.30%

55,778,096

17.67%

2.22%

3.08%

0.00%

354

7.56%

7.05%

1,777,023

0.00

27-Jun-05

315

16.67%

57,634,220

18.26%

1.56%

2.05%

0.00%

355

7.57%

7.06%

1,206,360

0.00

25-May-05

320

16.93%

58,886,409

18.65%

1.23%

1.47%

0.00%

356

7.55%

7.04%

876,859

0.00

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

Page 33 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

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 1st Lien

27-Dec-05

156

8.25%

28,555,700

9.05%

1.89%

3.70%

0.00%

350

7.64%

7.13%

1,098,474

0.00

25-Nov-05

159

8.41%

29,667,715

9.40%

1.85%

2.48%

0.00%

351

7.66%

7.15%

754,759

0.00

25-Oct-05

162

8.57%

30,443,790

9.64%

2.99%

4.90%

0.00%

352

7.64%

7.14%

1,570,694

0.00

26-Sep-05

167

8.84%

32,040,157

10.15%

3.47%

5.91%

0.00%

353

7.64%

7.13%

2,012,547

0.00

25-Aug-05

173

9.15%

34,078,223

10.80%

2.26%

3.30%

0.00%

354

7.64%

7.13%

1,163,393

0.00

25-Jul-05

177

9.37%

35,269,169

11.17%

2.75%

5.07%

0.00%

355

7.64%

7.13%

1,886,296

0.00

27-Jun-05

182

9.63%

37,183,603

11.78%

1.62%

2.15%

0.00%

356

7.63%

7.13%

816,272

0.00

25-May-05

185

9.79%

38,027,896

12.05%

1.60%

1.61%

0.00%

357

7.64%

7.13%

623,611

0.00

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

Page 34 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

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-Dec-05

223

11.80%

33,171,285

10.51%

3.04%

4.06%

0.00%

341

7.23%

6.72%

1,405,660

0.00

25-Nov-05

230

12.17%

34,613,403

10.96%

1.29%

1.24%

0.00%

343

7.23%

6.72%

434,647

0.00

25-Oct-05

233

12.33%

35,083,179

11.11%

2.92%

3.58%

0.00%

344

7.21%

6.70%

1,305,553

0.00

26-Sep-05

240

12.70%

36,421,741

11.54%

2.04%

2.34%

0.00%

345

7.21%

6.70%

872,530

0.00

25-Aug-05

245

12.96%

37,329,167

11.83%

1.61%

1.51%

0.00%

346

7.22%

6.71%

571,453

0.00

25-Jul-05

249

13.17%

37,938,121

12.02%

1.19%

1.35%

0.00%

347

7.21%

6.70%

519,443

0.00

27-Jun-05

252

13.33%

38,500,774

12.20%

0.79%

0.96%

0.00%

348

7.22%

6.71%

372,306

0.00

25-May-05

254

13.44%

38,908,287

12.33%

0.39%

0.66%

0.00%

349

7.21%

6.70%

259,212

0.00

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

Page 35 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

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 1st Lien

27-Dec-05

638

33.76%

92,699,480

29.37%

3.48%

4.14%

0.00%

349

7.73%

7.22%

4,007,621

0.00

25-Nov-05

661

34.97%

96,781,141

30.66%

3.36%

4.51%

0.00%

350

7.72%

7.21%

4,579,375

0.00

25-Oct-05

684

36.19%

101,440,366

32.13%

3.25%

3.95%

0.00%

351

7.71%

7.20%

4,173,599

0.00

26-Sep-05

707

37.41%

105,694,744

33.48%

3.81%

4.92%

0.00%

352

7.70%

7.19%

5,469,750

0.00

25-Aug-05

735

38.89%

111,251,398

35.24%

3.42%

4.53%

0.00%

353

7.70%

7.19%

5,277,621

0.00

25-Jul-05

761

40.26%

116,621,132

36.94%

2.69%

3.60%

0.00%

354

7.70%

7.19%

4,355,291

0.00

27-Jun-05

782

41.38%

121,072,935

38.35%

1.26%

1.64%

0.00%

355

7.70%

7.19%

2,026,273

0.00

25-May-05

792

41.90%

123,191,909

39.02%

0.38%

0.35%

0.00%

356

7.70%

7.19%

428,212

0.00

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

Page 36 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

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 1st Lien

27-Dec-05

155

8.20%

25,210,412

7.99%

2.52%

2.72%

0.00%

350

7.56%

7.05%

706,814

0.00

25-Nov-05

159

8.41%

25,938,434

8.22%

4.22%

5.44%

0.00%

351

7.58%

7.07%

1,492,607

0.00

25-Oct-05

166

8.78%

27,453,717

8.70%

5.68%

6.66%

0.00%

352

7.57%

7.06%

1,960,624

0.00

26-Sep-05

176

9.31%

29,437,438

9.33%

3.30%

3.41%

0.00%

353

7.58%

7.07%

1,040,780

0.00

25-Aug-05

182

9.63%

30,502,265

9.66%

3.19%

3.67%

0.00%

354

7.58%

7.07%

1,163,483

0.00

25-Jul-05

188

9.95%

31,694,135

10.04%

4.57%

5.65%

0.00%

355

7.56%

7.05%

1,900,736

0.00

27-Jun-05

197

10.42%

33,625,665

10.65%

3.43%

4.34%

0.00%

356

7.54%

7.03%

1,525,952

0.00

25-May-05

204

10.79%

35,178,042

11.14%

1.45%

2.14%

0.00%

357

7.55%

7.04%

770,504

0.00

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

Page 37 of 38

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-AQ1

ABN AMRO Acct: 722579.1

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:

200512

1038

53,645.50

0.00

127.45

)

(3,067.54

56,713.04

0.00%

(5.72%)

Not Avail.

53,645.50

0.00

127.45

)

(3,067.54

56,713.04

53,645.50

56,713.04

)

(3,067.54

127.45

0.00

Current Total
Cumulative

Page 38 of 38

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

BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-AQ1 8-K