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, NY
(Address of principal executive offices)

10179
(Zip Code)

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

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 8 - Other Events

Item 8.01. Other Events.

This current report on Form 8-K relates to the monthly distribution reported to the holders of Bear Stearns Asset Backed Securities I Trust 2005-HE5, Asset-Backed Certificates, Series 2005-HE5, which was made on 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-HE5

ABN AMRO Acct: 722663.2

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:
Christopher Lewis 312.904.7992
christopher.lewis@abnamro.com

Analyst:
Matthew Ceiley 714.259.6270
Matthew.Ceiley@abnamro.com

Statement Date:

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

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

Shortfall Summary Report

Swap Summary Report
Asset-Backed Facts - 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

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

Page 15

Page 16
Page 17-19

Page 20-28
Page 29-37

Page 38-46

Realized Loss Detail

Page 47

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

BS005HE5

BS005HE5_200512_3.ZIP

Closing Date:

First Payment Date:

Rated Final Payment: Date:

31-May-05
27-Jun-05

25-Jun-35

Parties to The Transaction

Issuer: Bear Stearns Asset Backed Securities I LLC

Depositor: Bear Stearns Asset Backed Securities, Inc.

Underwriter: Bear Stearns & Co. Inc.

Master Servicer: EMC Mortgage Corporation

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

800.246.5761

LaSalle Factor Line

LaSalle Web Site

Servicer Web Site

www.emcmortgagecorp.com

www.etrustee.net

Page 1 of 47

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:
Current Index:
Next Index:

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

7.414776%

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-HE5

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

346

Bond Payments

Statement Date:

ABN AMRO Acct: 722663.2

645.831112620

40.242989162

0.000000000

605.588123458

2.470662814

4.4887500000%

0.00

0.000000000

4.3037500000%

0.000000000

073879VV7

I-A-1

136,192,000.00

5,480,773.18

0.00

82,476,257.71

336,484.51

87,957,030.89

1000.000000000

0.000000000

1000.000000000

3.932222262

4.6087500000%

0.00

0.000000000

4.4237500000%

0.000000000

073879VW5

I-A-2

56,024,000.00

0.00

56,024,000.00

220,298.82

56,024,000.00

1000.000000000

0.000000000

1000.000000000

4.030000000

4.7187500000%

0.00

0.000000000

4.5337500000%

0.000000000

073879VX3

I-A-3

11,341,000.00

0.00

11,341,000.00

45,704.23

11,341,000.00

801.714982491

48.806912506

0.000000000

752.908069985

3.145395118

4.5987500000%

0.00

0.000000000

4.4137500000%

0.000000000

073879VY1

II-A-1

158,206,000.00

7,721,546.40

0.00

119,114,574.12

497,620.38

126,836,120.52

801.714982933

48.806912594

0.000000000

752.908070340

3.181026776

4.6487500000%

0.00

0.000000000

4.4637500000%

0.000000000

073879VZ8

II-A-2

39,551,000.00

1,930,362.20

0.00

29,778,267.09

125,812.79

31,708,629.29

1000.000000000

0.000000000

1000.000000000

4.127777722

4.8287500000%

0.00

0.000000000

4.6437500000%

0.000000000

073879WA2

M-1

40,184,000.00

0.00

40,184,000.00

165,870.62

40,184,000.00

1000.000000000

0.000000000

1000.000000000

4.341111075

5.0687500000%

0.00

0.000000000

4.8837500000%

0.000000000

073879WB0

M-2

30,529,000.00

0.00

30,529,000.00

132,529.78

30,529,000.00

1000.000000000

0.000000000

1000.000000000

4.367777277

5.0987500000%

0.00

0.000000000

4.9137500000%

0.000000000

073879WC8

M-3

8,872,000.00

0.00

8,872,000.00

38,750.92

8,872,000.00

1000.000000000

0.000000000

1000.000000000

4.883332877

5.6787500000%

0.00

0.000000000

5.4937500000%

0.000000000

073879WD6

M-4

7,306,000.00

0.00

7,306,000.00

35,677.63

7,306,000.00

1000.000000000

0.000000000

1000.000000000

4.945555719

5.7487500000%

0.00

0.000000000

5.5637500000%

0.000000000

073879WE4

M-5

6,784,000.00

0.00

6,784,000.00

33,550.65

6,784,000.00

1000.000000000

0.000000000

1000.000000000

5.283333972

6.1287500000%

0.00

0.000000000

5.9437500000%

0.000000000

073879WF1

M-6

5,219,000.00

0.00

5,219,000.00

27,573.72

5,219,000.00

1000.000000000

0.000000000

1000.000000000

6.394445391

7.3787500000%

0.00

2,996.84

0.638032787

6.4759653001%

0.000000000

073879WG9

M-7

4,697,000.00

0.00

4,697,000.00

30,034.71

4,697,000.00

1000.000000000

0.000000000

1000.000000000

6.394445296

7.3787500000%

0.00

3,329.89

0.638032190

6.4759653001%

0.000000000

073879WH7

M-8

5,219,000.00

0.00

5,219,000.00

33,372.61

5,219,000.00

1000.000000000

0.000000000

1000.000000000

82.640735715

0.00

186,098.88

15.849507353

N/A

0.000000000

073879WJ3

11,741,619.21

0.00

11,741,619.21

970,336.05

11,741,619.21

1000.000000000

0.000000000

1000.000000000

2753799.600000000

0.00

275,379.96

2753799.600000000

N/A

0.000000000

073879WK0

100.00

0.00

100.00

275,379.96

100.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879WL8

R-1

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879WM6

R-2

0.00

Page 2 of 47

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

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:
Current Index:
Next Index:

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

7.414776%

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-HE5

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

346

Bond Payments

Statement Date:

ABN AMRO Acct: 722663.2

0.000000000

0.00

0.000000000

N/A

0.000000000

073879WP9

R-3

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879WN4

R-X

0.00

Total P&I Payment

0.00

467,805.57

521,865,719.21

434,418,499.91

18,101,679.16

Total

419,285,818.13

15,132,681.78

0.00

2,968,997.38

Page 3 of 47

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-HE5

ABN AMRO Acct: 722663.2

Statement Date:

Cash Reconciliation Summary

0.00

Interest Summary

Total Trustee Fees

Available Interest

2,775,643.23

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

222,950.63

7,538.57

14,902,192.79

0.00
0.00
0.00

17,910,388.70

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

434,418,399.91

222,950.63

14,909,731.36

0.00
0.00
0.00

419,285,718.13

2,741

0
0

2,657

181,007.67

Extra Principal

Trigger Event

0.00

15,132,681.99

Overcollateralization Amt

11,741,619.42

Less Extra Principal

Remittance Interest

0.00

2,775,643.23

0.00

14,909,731.36

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(2,063.49

2,777,706.71

Total Fees

183,071.15

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

4.48

0.00

2,063.49

LPMI Fees

0.00

Current Prepayment Charges

275,379.96

Cumulative Prepayment Charges

275,379.96

Page 4 of 47

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-HE5

ABN AMRO Acct: 722663.2

Statement Date:

Cash Reconciliation Summary Group 1 Loans - Fixed 1st Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

77,312.10

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

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

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

10,815.17

1,651.47

237,318.14

0.00
0.00
0.00

327,159.88

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

13,262,998.93

10,815.17

238,969.61

0.00
0.00
0.00

13,013,214.15

0
0

5,526.25

Trigger Event

249,784.78

Overcollateralization Amt

11,741,619.42

Remittance Interest

77,312.10

0.00

238,969.61

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(63.00

77,375.10

Total Fees

5,589.25

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

4.48

0.00

63.00

LPMI Fees

0.00

Current Prepayment Charges

4,754.27

Cumulative Prepayment Charges

4,754.27

Page 5 of 47

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-HE5

ABN AMRO Acct: 722663.2

Statement Date:

Cash Reconciliation Summary Group 1 Loans - Fixed 2nd Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

44,813.86

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

2,847.62

110.18

281,781.27

0.00
0.00
0.00

329,575.85

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

4,825,211.85

2,847.62

281,891.45

0.00
0.00
0.00

4,540,472.78

0
0

2,010.50

Trigger Event

284,739.07

Overcollateralization Amt

11,741,619.42

Remittance Interest

44,813.86

0.00

281,891.45

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(22.92

44,836.78

Total Fees

2,033.42

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

4.48

0.00

22.92

LPMI Fees

0.00

Current Prepayment Charges

4,067.59

Cumulative Prepayment Charges

4,067.59

Page 6 of 47

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-HE5

ABN AMRO Acct: 722663.2

Statement Date:

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

0.00

Interest Summary

Total Trustee Fees

Available Interest

1,021,341.62

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

65,514.82

5,763.24

4,045,478.51

0.00
0.00
0.00

5,138,912.11

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

171,350,678.21

65,514.82

4,051,241.75

0.00
0.00
0.00

167,233,921.67

722

0
0

703

71,396.12

Trigger Event

4,116,756.57

Overcollateralization Amt

11,741,619.42

Remittance Interest

1,021,341.62

0.00

4,051,241.75

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(813.92

1,022,155.54

Total Fees

72,210.03

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

4.48

0.00

813.92

LPMI Fees

0.00

Current Prepayment Charges

66,698.58

Cumulative Prepayment Charges

66,698.58

Page 7 of 47

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-HE5

ABN AMRO Acct: 722663.2

Statement Date:

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

0.00

Interest Summary

Total Trustee Fees

Available Interest

198,386.79

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

9,209.45

)

(14,537.93

834,821.32

0.00
0.00
0.00

1,028,008.04

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

27,031,956.32

9,209.45

820,283.39

0.00
0.00
0.00

26,202,463.48

143

0
0

139

11,263.32

Trigger Event

829,492.84

Overcollateralization Amt

11,741,619.42

Remittance Interest

198,386.79

0.00

820,283.39

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(128.40

198,515.20

Total Fees

11,391.72

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

4.48

0.00

128.40

LPMI Fees

0.00

Current Prepayment Charges

33,958.73

Cumulative Prepayment Charges

33,958.73

Page 8 of 47

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-HE5

ABN AMRO Acct: 722663.2

Statement Date:

Cash Reconciliation Summary Group 2 Loans - Fixed 1st Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

163,586.41

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

23,489.04

8,321.32

693,910.92

0.00
0.00
0.00

889,425.78

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

24,860,487.30

23,489.04

702,232.24

0.00
0.00
0.00

24,134,766.02

253

0
0

248

10,358.54

Trigger Event

725,721.28

Overcollateralization Amt

11,741,619.42

Remittance Interest

163,586.41

0.00

702,232.24

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(118.09

163,704.50

Total Fees

10,476.62

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

4.48

0.00

118.09

LPMI Fees

0.00

Current Prepayment Charges

11,954.76

Cumulative Prepayment Charges

11,954.76

Page 9 of 47

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-HE5

ABN AMRO Acct: 722663.2

Statement Date:

Cash Reconciliation Summary Group 2 Loans - Fixed 2nd Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

57,648.20

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

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

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

3,767.98

542.52

296,584.73

0.00
0.00
0.00

358,570.22

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

5,640,710.68

3,767.98

297,127.25

0.00
0.00
0.00

5,339,815.45

141

0
0

135

2,350.30

Trigger Event

300,895.23

Overcollateralization Amt

11,741,619.42

Remittance Interest

57,648.20

0.00

297,127.25

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(26.79

57,674.99

Total Fees

2,377.09

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

4.48

0.00

26.79

LPMI Fees

0.00

Current Prepayment Charges

9,096.34

Cumulative Prepayment Charges

9,096.34

Page 10 of 47

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-HE5

ABN AMRO Acct: 722663.2

Statement Date:

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

0.00

Interest Summary

Total Trustee Fees

Available Interest

1,043,320.12

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

94,756.64

3,734.80

7,459,685.73

0.00
0.00
0.00

8,602,262.91

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

161,181,880.98

94,756.64

7,463,420.53

0.00
0.00
0.00

153,623,703.99

1,176

0
0

1,136

67,159.12

Trigger Event

7,558,177.17

Overcollateralization Amt

11,741,619.42

Remittance Interest

1,043,320.12

0.00

7,463,420.53

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(765.61

1,044,085.74

Total Fees

67,924.73

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

4.48

0.00

765.61

LPMI Fees

0.00

Current Prepayment Charges

123,128.19

Cumulative Prepayment Charges

123,128.19

Page 11 of 47

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-HE5

ABN AMRO Acct: 722663.2

Statement Date:

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

0.00

Interest Summary

Total Trustee Fees

Available Interest

170,162.47

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

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

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

12,549.91

1,952.97

1,052,612.17

0.00
0.00
0.00

1,237,402.28

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

26,264,475.64

12,549.91

1,054,565.14

0.00
0.00
0.00

25,197,360.59

177

0
0

171

10,943.53

Trigger Event

1,067,115.05

Overcollateralization Amt

11,741,619.42

Remittance Interest

170,162.47

0.00

1,054,565.14

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(124.76

170,287.23

Total Fees

11,068.29

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

4.48

0.00

124.76

LPMI Fees

0.00

Current Prepayment Charges

21,721.50

Cumulative Prepayment Charges

21,721.50

Page 12 of 47

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-HE5

ABN AMRO Acct: 722663.2

Bond Interest Reconciliation

Additions

Accrual

Method Days

Statement Date:

Accrued

Certificate

Interest

Prior

Int Carry-Fwd

Shortfall

Prior

Shortfall

Reimbursement

Other

Int ere st

Proceeds

Other

Int ere st

Losses

Current

Int Carry-Fwd

Shortfall

Remaining

Int Carry-Fwd

Shortfall

Net Cap Rate

in Effect

Y/ N

Distributable

Certificate

Int ere st

Payment

Amount

Deductions

Outstanding

Deposits from YM

Agreement

Remaining Basis Risk

Carry-Fwd Shortfall

Current Basis Risk

Carry-Fwd Shortfall

0.00

336,484.51

Act/360

0.00

336,484.51

0.00

I-A-1

0.00

220,298.82

Act/360

0.00

220,298.82

0.00

I-A-2

0.00

45,704.23

Act/360

0.00

45,704.23

0.00

I-A-3

0.00

497,620.38

Act/360

0.00

497,620.38

0.00

II-A-1

0.00

125,812.79

Act/360

0.00

125,812.79

0.00

II-A-2

0.00

165,870.62

Act/360

0.00

165,870.62

0.00

M-1

0.00

132,529.78

Act/360

0.00

132,529.78

0.00

M-2

0.00

38,750.92

Act/360

0.00

38,750.92

0.00

M-3

0.00

35,677.63

Act/360

0.00

35,677.63

0.00

M-4

0.00

33,550.65

Act/360

0.00

33,550.65

0.00

M-5

0.00

27,573.72

Act/360

0.00

27,573.72

0.00

M-6

0.00

30,034.70

30,034.71

Act/360

0.00

27,037.87

0.00

Yes

M-7

2,996.83

0.00

33,372.60

33,372.61

Act/360

0.00

30,042.72

0.00

Yes

M-8

3,329.88

0.00

970,336.04

970,336.05

30/360

0.00

784,237.17

0.00

186,098.87

0.00

275,379.96

0.00

192,425.58

0.00

2,501,191.81

2,968,997.35

2,968,997.38

0.00

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

Page 13 of 47

(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-HE5

ABN AMRO Acct: 722663.2

Bond Principal Reconciliation

Credit Support

Original

Current(4)

Statement Date:

Beginning

Class Balance

Unscheduled

Principal

Payment

Extra

Principal

Payment Amt

Prior

Loss

Reimburs.

Rated

Final

Maturity

Class

Current

Losses

Original

Class Balance

Scheduled

Principal

Payment

Ending

Class Balance

Cumulative

Losses

Interest on

Losses

Additions

Losses

7.00
1.00

I-A-1

0.00%

6/25/2035

82,476,257.71

0.00

87,957,030.89

136,192,000.00

88,387.06

0.00

5,392,386.12

I-A-2

0.00%

6/25/2035

56,024,000.00

0.00

56,024,000.00

0.00

I-A-3

0.00%

6/25/2035

11,341,000.00

0.00

11,341,000.00

0.00

II-A-1

0.00%

6/25/2035

119,114,574.12

0.00

126,836,120.52

158,206,000.00

107,651.13

0.00

7,613,895.27

II-A-2

0.00%

6/25/2035

29,778,267.09

0.00

31,708,629.29

39,551,000.00

26,912.44

0.00

1,903,449.76

M-1

0.00%

6/25/2035

40,184,000.00

0.00

40,184,000.00

0.00

M-2

0.00%

6/25/2035

30,529,000.00

0.00

30,529,000.00

0.00

M-3

0.00%

6/25/2035

8,872,000.00

0.00

8,872,000.00

0.00

M-4

0.00%

6/25/2035

7,306,000.00

0.00

7,306,000.00

0.00

M-5

0.00%

6/25/2035

6,784,000.00

0.00

6,784,000.00

0.00

M-6

0.00%

6/25/2035

5,219,000.00

0.00

5,219,000.00

0.00

M-7

0.00%

6/25/2035

4,697,000.00

0.00

4,697,000.00

0.00

M-8

0.00%

6/25/2035

5,219,000.00

0.00

5,219,000.00

0.00

6/25/2035

11,741,619.21

0.00

11,741,619.21

0.00

6/25/2035

100.00

0.00

100.00

0.00

222,950.63

0.00

14,909,731.15

0.00

521,865,719.21

419,285,818.13

434,418,499.91

Page 14 of 47

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

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-HE5

ABN AMRO Acct: 722663.2

Interest Adjustments Summary

Statement
Date:

0.00

Special Servicing Fees

Workout Fees

Liquidation Fees

Legal Fees

0.00

928.35

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

928.35

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

275,379.96

275,379.96

Total Excess Allocated to the Bonds

274,451.61

)

(928.35

Aggregate Interest Adjustment Allocated to the Bonds

0.00

275,379.96

0.00

Prepayment Interest Excess Due the Bonds

0.00

ARD Excess Interest

0.00

Net Prepayment Int. Shortfalls Allocated to the Bonds

Other Interest Loss

Interest Income

0.00

Page 15 of 47

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-HE5

ABN AMRO Acct: 722663.2

SWAP Payments

Statement Date:

Net Swap payment payable to the Swap Provider

Net Swap payment payable to the Swap Administrator

Swap Termination payment payable to the Swap Administrator

Swap Termination payment payable to the Swap Provider

187,027.22

0.00

Page 16 of 47

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-HE5

ABN AMRO Acct: 722663.2

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

192,816,094.81

0.00

90.4429

0.0000

880

88.5312

8,706,045.18

0.00

4.0837

0.0000

3.6217

5,633,891.12

0.00

2.6427

0.0000

2.9175

3,063,325.52

0.00

1.4369

0.0000

90+

1.9115

784,291.56

0.00

0.3679

0.0000

BKY0

0.5030

556,598.46

0.00

0.2611

0.0000

BKY90+

0.3018

1,465,080.97

0.00

0.6872

0.0000

F/C90+

0.8048

0.00

0.0000

PIF

1.3078

165,549.55

0.00

0.0777

0.0000

REO90+

0.1006

Total:

994

213,190,877.17

0.00

100.0000

0.0000

0.00

DLQ Total:

19,590,490.80

0.00

9.6579%

9.1892%

0.0000%

Page 17 of 47

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-HE5

ABN AMRO Acct: 722663.2

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

190,839,861.68

0.00

89.7166

0.0000

1,539

88.0939

8,175,585.98

0.00

3.8435

0.0000

3.6634

4,838,763.25

0.00

2.2748

0.0000

2.2324

3,260,836.82

0.00

1.5330

0.0000

90+

1.5455

1,176,214.61

0.00

0.5530

0.0000

BKY0

0.5724

510,253.44

0.00

0.2399

0.0000

BKY30

0.1145

316,021.21

0.00

0.1486

0.0000

BKY60

0.2290

1,070,581.74

0.00

0.5033

0.0000

BKY90+

0.6869

2,451,440.64

0.00

1.1525

0.0000

F/C90+

1.0876

0.00

0.0000

PIF

1.7172

74,631.57

0.00

0.0351

0.0000

REO90+

0.0572

Total:

1,747

212,714,190.94

0.00

100.0000

0.0000

0.00

DLQ Total:

168

20,698,114.65

0.00

9.6165%

9.7305%

0.0000%

Page 18 of 47

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-HE5

ABN AMRO Acct: 722663.2

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

383,655,956.49

0.00

90.0802

0.0000

2,419

88.2525

16,881,631.16

0.00

3.9637

0.0000

100

3.6483

10,472,654.37

0.00

2.4589

0.0000

2.4808

6,324,162.34

0.00

1.4849

0.0000

90+

1.6782

1,960,506.17

0.00

0.4603

0.0000

BKY0

0.5472

510,253.44

0.00

0.1198

0.0000

BKY30

0.0730

316,021.21

0.00

0.0742

0.0000

BKY60

0.1459

1,627,180.20

0.00

0.3821

0.0000

BKY90+

0.5472

3,916,521.61

0.00

0.9196

0.0000

F/C90+

0.9850

0.00

0.0000

PIF

1.5688

240,181.12

0.00

0.0564

0.0000

REO90+

0.0730

Total:

2,741

425,905,068.11

0.00

100.0000

0.0000

0.00

DLQ Total:

264

40,288,605.45

0.00

9.6315%

9.4595%

0.0000%

Page 19 of 47

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-HE5

ABN AMRO Acct: 722663.2

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

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

3.84%

4.15%

2.71%

2.57%

2.30%

7,951,343

1.90%

1.02%

0.93%

0.08%

0.06%

27-Dec-05

102

17,391,885

10,788,676

3,916,522

240,181

2,393

378,997,113

90.06%

90.39%

4.09%

4.17%

1.82%

1.81%

1.68%

5,857,836

1.35%

0.77%

0.64%

0.04%

0.02%

25-Nov-05

112

18,127,362

7,868,108

2,791,028

74,674

2,511

399,699,393

91.61%

92.01%

3.17%

3.07%

1.35%

1.33%

1.10%

3,968,320

0.89%

0.75%

0.56%

0.04%

0.02%

25-Oct-05

13,761,131

5,937,689

2,490,802

74,716

2,627

421,785,783

93.59%

94.14%

2.69%

2.53%

1.59%

1.40%

0.48%

1,503,324

0.32%

0.55%

0.51%

0.00%

26-Sep-05

11,778,516

6,521,373

2,381,263

2,745

443,341,815

94.69%

95.23%

2.87%

2.66%

1.47%

1.35%

0.13%

542,578

0.11%

0.17%

0.12%

0.00%

25-Aug-05

12,871,559

6,564,889

575,632

2,854

464,048,080

95.36%

95.76%

2.65%

2.18%

0.59%

0.63%

0.00%

25-Jul-05

10,835,153

3,138,016

2,958

483,611,033

96.76%

97.19%

1.64%

1.59%

0.00%

27-Jun-05

8,134,498

3,068

503,335,862

98.36%

98.41%

Page 20 of 47

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-HE5

ABN AMRO Acct: 722663.2

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

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group 1 Loans - Fixed 1st Lien

0.00%

5.00%

3.04%

0.00%

27-Dec-05

395,936

12,617,278

95.00%

96.96%

4.92%

2.99%

0.00%

25-Nov-05

396,241

12,866,758

95.08%

97.01%

0.00%

1.61%

0.87%

0.00%

25-Oct-05

116,895

13,274,295

98.39%

99.13%

0.00%

1.54%

0.84%

0.00%

26-Sep-05

116,967

13,785,919

98.46%

99.16%

0.00%

1.49%

0.82%

0.00%

25-Aug-05

117,037

14,157,299

98.51%

99.18%

1.47%

0.80%

0.00%

25-Jul-05

117,107

14,545,041

98.53%

99.20%

0.00%

27-Jun-05

15,312,566

100.00%

Page 21 of 47

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-HE5

ABN AMRO Acct: 722663.2

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

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group 1 Loans - Fixed 2nd Lien

0.00%

3.08%

6.11%

0.00%

1.54%

1.26%

0.00%

27-Dec-05

277,599

57,063

4,205,810

95.38%

92.63%

4.41%

7.59%

0.00%

1.47%

1.18%

0.00%

25-Nov-05

366,446

57,129

4,401,636

94.12%

91.22%

0.00%

1.41%

1.84%

0.00%

1.41%

1.12%

0.00%

25-Oct-05

93,777

57,195

4,940,668

97.18%

97.03%

2.63%

3.56%

0.00%

1.32%

1.05%

0.00%

26-Sep-05

194,564

57,261

5,207,498

96.05%

95.39%

0.00%

2.50%

2.54%

0.00%

25-Aug-05

151,160

5,792,526

97.50%

97.46%

3.66%

3.50%

0.00%

25-Jul-05

212,611

5,860,387

96.34%

96.50%

2.27%

2.32%

0.00%

27-Jun-05

151,607

6,378,966

97.73%

97.68%

Page 22 of 47

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-HE5

ABN AMRO Acct: 722663.2

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

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group 1 Loans - ARM 228 1st Lien

4.13%

4.32%

2.84%

2.57%

2.56%

2,996,772

1.79%

0.71%

0.45%

0.14%

0.10%

27-Dec-05

7,227,650

4,291,319

760,653

165,550

630

151,791,977

89.62%

90.77%

4.99%

4.81%

2.08%

1.91%

1.66%

1,517,412

0.89%

0.83%

0.65%

0.00%

25-Nov-05

8,242,206

3,276,959

1,115,678

653

157,198,424

90.44%

91.74%

3.20%

2.92%

1.33%

1.13%

1.33%

1,578,586

0.88%

1.07%

0.69%

0.00%

25-Oct-05

5,221,070

2,014,572

1,229,126

698

168,930,353

93.07%

94.39%

2.57%

2.46%

2.06%

1.36%

0.51%

656,750

0.35%

1.03%

0.83%

0.00%

26-Sep-05

4,590,035

2,527,414

1,548,165

730

177,026,489

93.83%

95.00%

3.45%

2.66%

1.73%

1.34%

0.37%

424,813

0.22%

0.12%

0.08%

0.00%

25-Aug-05

5,177,574

2,615,679

163,600

765

186,613,028

94.33%

95.70%

2.78%

2.01%

1.21%

1.07%

0.00%

25-Jul-05

4,006,305

2,131,792

794

193,134,627

96.01%

96.92%

2.25%

1.44%

0.00%

27-Jun-05

2,943,481

824

201,959,466

97.75%

98.56%

Page 23 of 47

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-HE5

ABN AMRO Acct: 722663.2

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

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group 1 Loans - ARM 327 1st Lien

5.04%

5.64%

2.88%

2.55%

2.88%

623,152

2.38%

1.44%

2.47%

0.00%

27-Dec-05

1,478,395

669,036

647,365

122

22,784,515

87.77%

86.96%

2.80%

2.78%

1.40%

2.48%

3.50%

1,061,870

3.93%

0.70%

0.18%

0.00%

25-Nov-05

750,997

669,900

47,389

131

24,501,800

91.61%

90.64%

2.74%

4.16%

4.11%

3.83%

0.00%

1.37%

1.11%

0.00%

25-Oct-05

1,143,067

1,053,765

305,831

134

25,002,159

91.78%

90.90%

3.38%

4.82%

2.70%

2.21%

0.68%

110,819

0.40%

0.00%

26-Sep-05

1,344,734

615,556

138

25,805,316

93.24%

92.57%

3.23%

3.61%

1.94%

2.38%

0.00%

25-Aug-05

1,072,692

705,800

147

27,917,273

94.84%

94.01%

2.50%

1.65%

0.00%

25-Jul-05

515,696

156

30,751,985

97.50%

98.35%

1.25%

2.70%

0.00%

27-Jun-05

844,000

158

30,437,161

98.75%

97.30%

Page 24 of 47

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-HE5

ABN AMRO Acct: 722663.2

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

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group 2 Loans - Fixed 1st Lien

2.82%

4.49%

2.02%

2.69%

2.42%

341,954

1.42%

0.81%

0.84%

0.00%

27-Dec-05

1,083,579

648,205

202,425

228

21,858,603

91.94%

90.57%

2.37%

2.18%

0.79%

0.81%

1.98%

282,593

1.14%

0.79%

0.56%

0.00%

25-Nov-05

543,153

202,481

139,345

238

23,692,916

94.07%

95.30%

1.95%

2.18%

1.17%

0.70%

1.17%

139,544

0.54%

0.78%

0.64%

0.00%

25-Oct-05

558,078

179,132

163,179

243

24,602,556

94.92%

95.94%

1.92%

1.32%

0.77%

0.41%

1.15%

193,964

0.73%

0.00%

26-Sep-05

350,849

108,952

251

25,917,358

96.17%

97.54%

1.50%

1.05%

1.13%

0.70%

0.00%

25-Aug-05

288,389

194,097

259

27,102,864

97.37%

98.25%

1.87%

1.86%

0.00%

25-Jul-05

516,178

263

27,243,384

98.13%

98.14%

0.73%

0.99%

0.00%

27-Jun-05

284,195

271

28,338,962

99.27%

99.01%

Page 25 of 47

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-HE5

ABN AMRO Acct: 722663.2

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

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group 2 Loans - Fixed 2nd Lien

1.48%

1.87%

5.19%

4.66%

0.00%

27-Dec-05

99,811

248,696

126

4,991,308

93.33%

93.47%

4.96%

4.41%

0.00%

0.71%

34,664

0.61%

0.00%

25-Nov-05

248,781

133

5,357,266

94.33%

94.98%

1.40%

1.48%

0.00%

0.70%

34,703

0.60%

0.00%

25-Oct-05

85,022

140

5,629,350

97.90%

97.92%

2.65%

2.97%

1.32%

1.54%

0.66%

48,529

0.79%

0.00%

26-Sep-05

181,544

93,838

144

5,788,439

95.36%

94.70%

1.92%

2.28%

1.28%

1.32%

0.00%

25-Aug-05

144,187

83,327

151

6,108,561

96.79%

96.41%

3.14%

3.17%

0.63%

0.88%

0.00%

25-Jul-05

204,434

56,930

153

6,193,339

96.23%

95.95%

2.50%

3.25%

0.00%

27-Jun-05

210,429

156

6,262,331

97.50%

96.75%

Page 26 of 47

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-HE5

ABN AMRO Acct: 722663.2

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

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group 2 Loans - ARM 228 1st Lien

4.23%

4.06%

2.46%

2.32%

2.73%

3,693,152

2.40%

1.32%

1.30%

0.09%

0.05%

27-Dec-05

6,242,122

3,567,974

1,999,793

74,632

1,013

138,046,032

89.17%

89.86%

3.83%

3.89%

2.55%

2.25%

1.79%

2,597,431

1.61%

0.85%

0.83%

0.09%

0.05%

25-Nov-05

6,263,405

3,625,190

1,343,106

74,674

1,069

147,278,076

90.90%

91.37%

4.16%

3.77%

1.25%

1.36%

1.33%

2,127,053

1.29%

0.58%

0.32%

0.08%

0.05%

25-Oct-05

6,230,571

2,241,628

527,127

74,716

1,112

154,021,909

92.59%

93.22%

3.07%

2.75%

1.61%

1.72%

0.40%

493,262

0.29%

0.40%

0.30%

0.00%

26-Sep-05

4,732,110

2,970,158

512,510

1,171

163,486,401

94.51%

94.94%

3.30%

3.27%

1.41%

1.43%

0.08%

117,765

0.07%

0.16%

0.08%

0.00%

25-Aug-05

5,812,298

2,542,089

148,495

1,211

169,254,249

95.05%

95.15%

2.91%

2.73%

0.38%

0.37%

0.00%

25-Jul-05

5,025,402

685,549

1,264

178,104,184

96.71%

96.89%

1.50%

1.81%

0.00%

27-Jun-05

3,436,836

1,317

186,148,952

98.50%

98.19%

Page 27 of 47

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-HE5

ABN AMRO Acct: 722663.2

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

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group 2 Loans - ARM 327 1st Lien

5.26%

5.00%

1.75%

2.74%

1.17%

296,313

1.18%

1.17%

0.99%

0.00%

27-Dec-05

1,260,327

689,910

249,223

155

22,701,588

90.64%

90.10%

4.52%

5.01%

0.56%

0.36%

1.13%

363,866

1.39%

0.56%

0.34%

0.00%

25-Nov-05

1,316,134

93,577

88,381

165

24,402,518

93.22%

92.91%

2.25%

1.98%

1.12%

0.90%

0.56%

88,434

0.33%

0.56%

0.79%

0.00%

25-Oct-05

523,323

237,920

208,344

170

25,384,492

95.51%

96.00%

2.21%

1.42%

0.55%

0.33%

0.00%

1.10%

0.97%

0.00%

26-Sep-05

384,681

88,488

263,327

174

26,324,394

96.13%

97.28%

2.17%

1.35%

0.54%

0.56%

0.00%

1.09%

0.94%

0.00%

25-Aug-05

376,420

155,700

263,536

177

27,102,280

96.20%

97.15%

1.08%

0.84%

1.08%

0.93%

0.00%

25-Jul-05

237,420

263,744

182

27,778,086

97.85%

98.23%

1.06%

0.92%

0.00%

27-Jun-05

263,950

186

28,497,459

98.94%

99.08%

Page 28 of 47

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-HE5

ABN AMRO Acct: 722663.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

510,253

316,021

3,916,522

1,627,180

0.00%

1.02%

0.93%

0.08%

0.12% 0.15%

0.08% 0.56%

0.39%

0.00%

0.56%

0.47%

1,960,506

240,181

0.00%

0.08%

0.00%

0.06%

25-Nov-05

374,060

326,334

2,791,028

962,143

0.00%

0.77%

0.64%

0.15%

0.09% 0.04%

0.08% 0.29%

0.22%

0.00%

0.55%

0.51%

2,207,357

74,674

0.00%

0.04%

0.00%

0.02%

25-Oct-05

206,130

235,764

2,490,802

0.00%

0.75%

0.56%

0.04%

0.05% 0.07%

0.05% 0.00%

0.00%

0.21%

0.14%

612,937

74,716

0.00%

0.04%

0.00%

0.02%

26-Sep-05

370,192

2,381,263

79,764

0.00%

0.55%

0.51%

0.07%

0.08% 0.00%

0.00% 0.03%

0.02%

0.00%

-0.00%

0.17%

0.12%

555,375

0.00%

25-Aug-05

206,504

112,937

575,632

0.00%

0.17%

0.12%

0.03%

0.04% 0.07%

0.02% 0.00%

0.00%

0.17%

0.11%

513,752

0.00%

25-Jul-05

79,833

158,202

0.00%

0.03%

0.02% 0.03%

0.03% 0.00%

0.00%

0.07%

0.05%

252,637

0.00%

27-Jun-05

158,288

0.00%

0.03%

0.03% 0.00%

0.00% 0.00%

0.00%

Page 29 of 47

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-HE5

ABN AMRO Acct: 722663.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

0.00%

0.00% 0.00%

0.00%

25-Nov-05

0.00%

0.00% 0.00%

0.00%

25-Oct-05

0.00%

0.00% 0.00%

0.00%

26-Sep-05

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%

Page 30 of 47

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-HE5

ABN AMRO Acct: 722663.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Group 1 Loans - Fixed 2nd Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

57,063

0.00%

1.54%

1.26%

0.00%

0.00% 0.00%

0.00%

25-Nov-05

57,129

0.00%

1.47%

1.18%

0.00%

0.00% 0.00%

0.00%

25-Oct-05

57,195

0.00%

1.41%

1.12%

0.00%

0.00% 0.00%

0.00%

26-Sep-05

57,261

0.00%

1.32%

1.05%

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%

Page 31 of 47

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-HE5

ABN AMRO Acct: 722663.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

760,653

556,598

0.00%

0.71%

0.45%

0.00%

0.00% 0.00%

0.00% 0.43%

0.33%

0.00%

0.71%

0.47%

784,292

165,550

0.00%

0.14%

0.00%

0.10%

25-Nov-05

326,334

1,115,678

230,775

0.00%

0.83%

0.65%

0.00%

0.00% 0.14%

0.19% 0.28%

0.13%

0.00%

0.55%

0.42%

725,661

0.00%

25-Oct-05

235,764

1,229,127

0.00%

1.07%

0.69%

0.00%

0.00% 0.27%

0.13% 0.00%

0.00%

-0.00%

0.27%

0.15%

276,578

0.00%

26-Sep-05

163,875

1,548,165

79,764

0.00%

1.03%

0.83%

0.13%

0.09% 0.00%

0.00% 0.13%

0.04%

0.00%

0.26%

0.15%

276,603

0.00%

25-Aug-05

79,799

163,600

0.00%

0.12%

0.08%

0.00%

0.00% 0.12%

0.04% 0.00%

0.00%

0.25%

0.12%

234,904

0.00%

25-Jul-05

79,833

158,202

0.00%

0.12%

0.04% 0.12%

0.08% 0.00%

0.00%

0.12%

0.08%

163,875

0.00%

27-Jun-05

158,288

0.00%

0.12%

0.08% 0.00%

0.00% 0.00%

0.00%

Page 32 of 47

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-HE5

ABN AMRO Acct: 722663.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

647,365

0.00%

1.44%

2.47%

0.00%

0.00% 0.00%

0.00%

25-Nov-05

47,389

0.00%

0.70%

0.18%

0.00%

0.00% 0.00%

0.00%

25-Oct-05

305,831

0.00%

1.37%

1.11%

0.00%

0.00% 0.00%

0.00%

26-Sep-05

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%

Page 33 of 47

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-HE5

ABN AMRO Acct: 722663.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Group 2 Loans - Fixed 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

304,501

147,952

202,425

151,719

0.00%

0.81%

0.84%

0.40%

1.26% 0.40%

0.61% 0.81%

0.63%

0.00%

0.40%

0.36%

87,150

0.00%

25-Nov-05

139,345

151,838

0.00%

0.79%

0.56%

0.00%

0.00% 0.00%

0.00% 0.79%

0.61%

0.00%

0.79%

1.58%

391,886

0.00%

25-Oct-05

163,179

0.00%

0.78%

0.64%

0.00%

0.00% 0.00%

0.00%

26-Sep-05

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%

Page 34 of 47

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-HE5

ABN AMRO Acct: 722663.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

21,720

0.00%

0.00% 0.74%

0.41% 0.00%

0.00%

25-Nov-05

21,730

0.00%

0.71%

0.39% 0.00%

0.00% 0.00%

0.00%

25-Oct-05

0.00%

0.00% 0.00%

0.00%

26-Sep-05

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%

Page 35 of 47

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-HE5

ABN AMRO Acct: 722663.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Group 2 Loans - ARM 228 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

205,752

146,349

1,999,793

622,550

0.00%

1.32%

1.30%

0.09%

0.13% 0.18%

0.10% 0.70%

0.41%

0.00%

0.70%

0.61%

940,317

74,632

0.00%

0.09%

0.00%

0.05%

25-Nov-05

352,330

1,343,106

371,365

0.00%

0.85%

0.83%

0.26%

0.22% 0.00%

0.00% 0.26%

0.23%

0.00%

0.68%

0.58%

940,902

74,674

0.00%

0.09%

0.00%

0.05%

25-Oct-05

206,130

527,127

0.00%

0.58%

0.32%

0.08%

0.12% 0.00%

0.00% 0.00%

0.00%

0.33%

0.20%

336,359

74,716

0.00%

0.08%

0.00%

0.05%

26-Sep-05

206,317

512,510

0.00%

0.40%

0.30%

0.08%

0.12% 0.00%

0.00% 0.00%

0.00%

0.24%

0.16%

278,772

0.00%

25-Aug-05

206,504

33,138

148,495

0.00%

0.16%

0.08%

0.12% 0.08%

0.02% 0.00%

0.00%

0.24%

0.16%

278,848

0.00%

25-Jul-05

0.00%

0.00% 0.00%

0.00%

0.08%

0.05%

88,762

0.00%

27-Jun-05

0.00%

0.00% 0.00%

0.00%

Page 36 of 47

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-HE5

ABN AMRO Acct: 722663.2

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Group 2 Loans - ARM 327 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

249,223

296,313

0.00%

1.17%

0.99%

0.00%

0.00% 0.00%

0.00% 1.17%

1.18%

0.00%

0.58%

0.59%

148,748

0.00%

25-Nov-05

88,381

208,166

0.00%

0.56%

0.34%

0.00%

0.00% 0.00%

0.00% 0.56%

0.79%

0.00%

0.56%

0.57%

148,908

0.00%

25-Oct-05

208,344

0.00%

0.56%

0.79%

0.00%

0.00% 0.00%

0.00%

26-Sep-05

263,327

0.00%

1.10%

0.97%

0.00%

0.00% 0.00%

0.00%

25-Aug-05

263,536

0.00%

1.09%

0.94%

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%

Page 37 of 47

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-HE5

ABN AMRO Acct: 722663.2

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

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

27-Dec-05

2,657

83.74%

419,285,718

80.34%

3.06%

3.43%

0.00%

346

7.41%

6.91%

14,902,193

0.00

25-Nov-05

2,741

86.39%

434,418,400

83.24%

2.35%

2.98%

0.00%

346

7.42%

6.91%

13,353,802

0.00

25-Oct-05

2,807

88.47%

448,018,441

85.85%

3.17%

3.71%

0.00%

347

7.42%

6.91%

17,266,745

0.00

26-Sep-05

2,899

91.36%

465,526,291

89.20%

3.14%

3.88%

0.00%

348

7.43%

6.92%

18,809,871

0.00

25-Aug-05

2,993

94.33%

484,602,738

92.86%

2.06%

2.55%

0.03%

3,295

0.00%

349

7.43%

6.92%

12,677,519

0.00

10,978.08

25-Jul-05

3,057

96.34%

497,584,201

95.35%

1.99%

2.66%

0.00%

350

7.43%

6.92%

13,596,953

0.00

27-Jun-05

3,119

98.30%

511,470,360

98.01%

1.70%

1.93%

0.00%

351

7.43%

6.92%

10,071,279

0.00

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

Page 38 of 47

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-HE5

ABN AMRO Acct: 722663.2

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

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Group 1 Loans - Fixed 1st Lien

27-Dec-05

1.89%

13,013,214

2.49%

1.64%

1.79%

0.00%

344

7.07%

6.56%

237,318

0.00

25-Nov-05

1.92%

13,262,999

2.54%

1.61%

0.87%

0.00%

345

7.09%

6.58%

116,824

0.00

25-Oct-05

1.95%

13,391,190

2.57%

4.62%

3.60%

0.00%

346

7.15%

6.64%

500,068

0.00

26-Sep-05

2.05%

13,902,885

2.66%

2.99%

2.52%

0.00%

347

7.16%

6.65%

359,437

0.00

25-Aug-05

2.11%

14,274,336

2.74%

1.47%

2.56%

0.00%

348

7.16%

6.65%

376,000

0.00

25-Jul-05

2.14%

14,662,148

2.81%

2.86%

4.17%

0.00%

349

7.18%

6.67%

638,150

0.00

27-Jun-05

2.21%

15,312,566

2.93%

4.11%

6.28%

0.00%

350

7.16%

6.65%

1,027,541

0.00

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

Page 39 of 47

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-HE5

ABN AMRO Acct: 722663.2

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

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Group 1 Loans - Fixed 2nd Lien

27-Dec-05

2.05%

4,540,473

0.87%

4.41%

5.84%

0.00%

224

10.64%

10.13%

281,781

0.00

25-Nov-05

2.14%

4,825,212

0.92%

4.23%

5.16%

0.00%

222

10.68%

10.18%

262,675

0.00

25-Oct-05

2.24%

5,091,641

0.98%

6.58%

6.72%

0.00%

220

10.70%

10.19%

366,756

0.00

26-Sep-05

2.40%

5,459,323

1.05%

5.00%

8.05%

0.00%

221

10.62%

10.11%

478,356

0.00

25-Aug-05

2.52%

5,943,686

1.14%

2.44%

2.09%

0.00%

226

10.60%

10.09%

126,778

0.00

25-Jul-05

2.58%

6,072,998

1.16%

6.82%

6.94%

0.00%

226

10.69%

10.18%

453,393

0.00

27-Jun-05

2.77%

6,530,573

1.25%

2.22%

1.80%

0.00%

225

10.72%

10.21%

119,834

0.00

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

Page 40 of 47

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-HE5

ABN AMRO Acct: 722663.2

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

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Group 1 Loans - ARM 228 1st Lien

27-Dec-05

703

22.16%

167,233,922

32.05%

2.63%

2.36%

0.00%

350

7.19%

6.69%

4,045,479

0.00

25-Nov-05

722

22.75%

171,350,678

32.83%

3.73%

4.22%

0.00%

351

7.19%

6.69%

7,547,544

0.00

25-Oct-05

750

23.64%

178,973,708

34.29%

3.60%

3.92%

0.00%

352

7.20%

6.69%

7,305,422

0.00

26-Sep-05

778

24.52%

186,348,854

35.71%

4.07%

4.39%

0.00%

353

7.21%

6.70%

8,566,250

0.00

25-Aug-05

811

25.56%

194,994,694

37.36%

1.93%

2.10%

0.00%

354

7.21%

6.70%

4,190,287

0.00

25-Jul-05

827

26.06%

199,272,724

38.18%

1.90%

2.71%

0.00%

355

7.22%

6.71%

5,544,993

0.00

27-Jun-05

843

26.57%

204,902,947

39.26%

1.86%

2.13%

0.00%

356

7.22%

6.71%

4,460,831

0.00

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

Page 41 of 47

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-HE5

ABN AMRO Acct: 722663.2

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

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Group 1 Loans - ARM 327 1st Lien

27-Dec-05

139

4.38%

26,202,463

5.02%

2.80%

3.09%

0.00%

350

7.80%

7.30%

834,821

0.00

25-Nov-05

143

4.51%

27,031,956

5.18%

2.05%

1.68%

0.00%

351

7.83%

7.32%

462,895

0.00

25-Oct-05

146

4.60%

27,504,822

5.27%

1.35%

1.30%

0.00%

352

7.81%

7.31%

361,500

0.00

26-Sep-05

148

4.66%

27,876,424

5.34%

4.52%

6.09%

0.00%

353

7.79%

7.29%

1,808,017

0.00

25-Aug-05

155

4.88%

29,695,766

5.69%

3.13%

4.99%

0.00%

354

7.80%

7.29%

1,560,247

0.00

25-Jul-05

160

5.04%

31,267,680

5.99%

0.00%

355

7.80%

7.29%

0.00

27-Jun-05

160

5.04%

31,281,161

5.99%

1.84%

2.96%

0.00%

356

7.79%

7.28%

955,000

0.00

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

Page 42 of 47

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-HE5

ABN AMRO Acct: 722663.2

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

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Group 2 Loans - Fixed 1st Lien

27-Dec-05

248

7.82%

24,134,766

4.62%

1.98%

2.79%

0.00%

332

7.82%

7.32%

693,911

0.00

25-Nov-05

253

7.97%

24,860,487

4.76%

1.17%

2.94%

0.00%

334

7.82%

7.31%

753,979

0.00

25-Oct-05

256

8.07%

25,642,488

4.91%

1.92%

3.40%

0.00%

335

7.80%

7.30%

904,099

0.00

26-Sep-05

261

8.23%

26,571,123

5.09%

1.88%

3.56%

0.00%

337

7.81%

7.30%

983,227

0.00

25-Aug-05

266

8.38%

27,585,349

5.29%

0.75%

0.53%

0.00%

338

7.81%

7.31%

147,076

0.00

25-Jul-05

268

8.45%

27,759,562

5.32%

1.83%

2.90%

0.00%

340

7.81%

7.30%

829,371

0.00

27-Jun-05

273

8.60%

28,623,157

5.48%

0.73%

0.48%

0.00%

340

7.81%

7.30%

138,335

0.00

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

Page 43 of 47

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-HE5

ABN AMRO Acct: 722663.2

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

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Group 2 Loans - Fixed 2nd Lien

27-Dec-05

135

4.25%

5,339,815

1.02%

4.26%

5.26%

0.00%

219

10.83%

10.33%

296,585

0.00

25-Nov-05

141

4.44%

5,640,711

1.08%

1.40%

1.84%

0.00%

219

10.84%

10.34%

105,650

0.00

25-Oct-05

143

4.51%

5,749,075

1.10%

5.30%

5.90%

0.00%

220

10.83%

10.32%

360,404

0.00

26-Sep-05

151

4.76%

6,112,350

1.17%

3.21%

3.43%

0.00%

220

10.82%

10.31%

217,302

0.00

25-Aug-05

156

4.92%

6,336,076

1.21%

1.26%

1.53%

0.63%

3,295

0.05%

220

10.81%

10.30%

98,520

0.00

10,978.08

25-Jul-05

159

5.01%

6,454,703

1.24%

0.63%

0.19%

0.00%

221

10.81%

10.30%

12,474

0.00

27-Jun-05

160

5.04%

6,472,759

1.24%

3.61%

2.92%

0.00%

221

10.83%

10.32%

195,030

0.00

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

Page 44 of 47

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-HE5

ABN AMRO Acct: 722663.2

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

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Group 2 Loans - ARM 228 1st Lien

27-Dec-05

1,136

35.80%

153,623,704

29.44%

3.40%

4.63%

0.00%

350

7.36%

6.85%

7,459,686

0.00

25-Nov-05

1,176

37.06%

161,181,881

30.89%

2.08%

2.38%

0.00%

351

7.35%

6.85%

3,939,235

0.00

25-Oct-05

1,201

37.85%

165,223,003

31.66%

3.07%

3.99%

0.00%

352

7.35%

6.85%

6,863,732

0.00

26-Sep-05

1,239

39.05%

172,194,441

33.00%

2.75%

3.13%

0.00%

353

7.36%

6.85%

5,574,442

0.00

25-Aug-05

1,274

40.15%

177,874,896

34.08%

2.52%

3.16%

0.00%

354

7.36%

6.85%

5,811,820

0.00

25-Jul-05

1,307

41.19%

183,815,135

35.22%

2.24%

2.98%

0.00%

355

7.35%

6.85%

5,651,773

0.00

27-Jun-05

1,337

42.14%

189,585,788

36.33%

1.47%

0.00%

356

7.35%

6.85%

2,835,680

0.00

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

Page 45 of 47

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-HE5

ABN AMRO Acct: 722663.2

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

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Group 2 Loans - ARM 327 1st Lien

27-Dec-05

171

5.39%

25,197,361

4.83%

3.39%

4.01%

0.00%

350

7.29%

6.78%

1,052,612

0.00

25-Nov-05

177

5.58%

26,264,476

5.03%

0.56%

0.62%

0.00%

351

7.29%

6.78%

165,000

0.00

25-Oct-05

178

5.61%

26,442,513

5.07%

1.66%

2.23%

0.00%

352

7.28%

6.78%

604,764

0.00

26-Sep-05

181

5.70%

27,060,890

5.19%

1.63%

2.95%

0.00%

353

7.29%

6.78%

822,839

0.00

25-Aug-05

184

5.80%

27,897,936

5.35%

1.08%

1.30%

0.00%

354

7.29%

6.78%

366,791

0.00

25-Jul-05

186

5.86%

28,279,250

5.42%

1.06%

1.62%

0.00%

355

7.28%

6.77%

466,799

0.00

27-Jun-05

188

5.92%

28,761,409

5.51%

1.05%

1.16%

0.00%

356

7.28%

6.77%

339,028

0.00

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

Page 46 of 47

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-HE5

ABN AMRO Acct: 722663.2

Realized Loss Detail

Period

Disclosure

Control #

Appraisal

Date

Appraisal

Value

Beginning
Scheduled

Balance

Gross

Proceeds

Gross Proceeds

as a % of

Sched. Balance

Aggregate

Liquidation
Expenses *

Net

Liquidation

Proceeds

Net Proceeds

as a % of

Sched. Balance

Realized

Loss

Statement Date:

200508

1379

14,272.59

0.00

15.90

10,978.08

3,294.51

0.00%

76.92%

Not Avail.

14,272.59

0.00

15.90

10,978.08

3,294.51

Current Total
Cumulative

Page 47 of 47

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

BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-HE5 8-K