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-HE2, Asset-Backed Certificates, Series 2005-HE2, 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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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:
Megan Olson 312.904.6709
megan.olson@abnamro.com

Analyst:
William Wong 714.259.6243
william.wong@abnamro.com

Statement Date:

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

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

Shortfall Summary Report

Swap Summary Report
Rating Information

Asset-Backed Facts - 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

Page 2-3
Page 4-16
Page 17
Page 18

Page 19

Page 20
Page 21

Page 22-25
Page 26-38

Page 39-51

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

Realized Loss Detail

Page 52-64

Page 65

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

BS005HE2

BS005HE2_200512_3.ZIP

Closing Date:

First Payment Date:

Rated Final Payment: Date:

28-Feb-05
25-Mar-05

25-Feb-35

Parties to The Transaction

Issuer: Bear Stearns & Co. Inc.

Underwriter: Bear Stearns & Co. Inc.

Master Servicer: EMC Mortgage Corporation

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

800.246.5761

LaSalle Factor Line

LaSalle Web Site

Servicer Web Site

www.emcmortgagecorp.com

www.etrustee.net

Page 1 of 65

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:

7.331506%

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 Securities

Series 2005-HE2

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

342

Bond Payments

Statement Date:

ABN AMRO Acct: 722402.1

461.107158605

107.226247828

0.000000000

353.880910778

1.763991022

4.4887500000%

0.00

0.000000000

4.3037500000%

0.000000000

073879QS0

I-A-1

110,488,000.00

11,847,213.67

0.00

39,099,594.07

194,899.84

50,946,807.74

1000.000000000

0.000000000

1000.000000000

3.941111111

4.6187500000%

0.00

0.000000000

4.4337500000%

0.000000000

073879QT8

I-A-2

52,281,000.00

0.00

52,281,000.00

206,045.23

52,281,000.00

1000.000000000

0.000000000

1000.000000000

4.038889050

4.7287500000%

0.00

0.000000000

4.5437500000%

0.000000000

073879QU5

I-A-3

13,799,000.00

0.00

13,799,000.00

55,732.63

13,799,000.00

673.481172012

41.310313203

0.000000000

632.170858809

2.660250630

4.6287500000%

0.00

0.000000000

4.4437500000%

0.000000000

073879QV3

II-A-1

176,116,000.00

7,275,407.12

0.00

111,335,402.97

468,512.70

118,610,810.09

673.481171955

41.310313430

0.000000000

632.170858525

2.696169570

4.6887500000%

0.00

0.000000000

4.5037500000%

0.000000000

073879QW1

II-A-2

44,029,000.00

1,818,851.79

0.00

27,833,850.73

118,709.65

29,652,702.52

640.959749737

67.945835566

0.000000000

573.013914171

2.526093640

4.6187500000%

0.00

0.000000000

4.4337500000%

0.000000000

073879QX9

III-A-1

92,183,000.00

6,263,450.96

0.00

52,822,141.65

232,862.89

59,085,592.61

640.959749197

67.945835286

0.000000000

573.013913911

2.554580838

4.6687500000%

0.00

0.000000000

4.4837500000%

0.000000000

073879QY7

III-A-2

23,046,000.00

1,565,879.72

0.00

13,205,678.66

58,872.87

14,771,558.38

1000.000000000

0.000000000

1000.000000000

4.172222299

4.8787500000%

0.00

0.000000000

4.6937500000%

0.000000000

073879QZ4

M-1

43,149,000.00

0.00

43,149,000.00

180,027.22

43,149,000.00

1000.000000000

0.000000000

1000.000000000

4.394444316

5.1287500000%

0.00

0.000000000

4.9437500000%

0.000000000

073879RA8

M-2

34,714,000.00

0.00

34,714,000.00

152,548.74

34,714,000.00

1000.000000000

0.000000000

1000.000000000

4.430000000

5.1687500000%

0.00

0.000000000

4.9837500000%

0.000000000

073879RB6

M-3

9,408,000.00

0.00

9,408,000.00

41,677.44

9,408,000.00

1000.000000000

0.000000000

1000.000000000

4.794444673

5.5787500000%

0.00

0.000000000

5.3937500000%

0.000000000

073879RC4

M-4

9,733,000.00

0.00

9,733,000.00

46,664.33

9,733,000.00

1000.000000000

0.000000000

1000.000000000

4.883332887

5.6787500000%

0.00

0.000000000

5.4937500000%

0.000000000

073879RD2

M-5

7,462,000.00

0.00

7,462,000.00

36,439.43

7,462,000.00

1000.000000000

0.000000000

1000.000000000

5.594445129

6.4787500000%

0.00

0.000000000

6.2937500000%

0.000000000

073879RE0

M-6

6,488,000.00

0.00

6,488,000.00

36,296.76

6,488,000.00

1000.000000000

0.000000000

1000.000000000

6.394445129

7.3787500000%

0.00

4,580.14

0.705940197

6.3995678691%

0.000000000

073879RF7

M-7

6,488,000.00

0.00

6,488,000.00

41,487.16

6,488,000.00

1000.000000000

0.000000000

1000.000000000

6.394445129

7.3787500000%

0.00

4,580.14

0.705940197

6.3995678691%

0.000000000

073879RG5

M-8

6,488,000.00

0.00

6,488,000.00

41,487.16

6,488,000.00

1000.000000000

0.000000000

1000.000000000

70.259261812

0.00

106,846.68

8.233280913

N/A

0.000000000

073879RH3

12,977,412.18

0.00

12,977,412.18

911,783.40

12,977,412.18

1000.000000000

0.000000000

1000.000000000

4224687.800000000

0.00

422,468.78

4224687.800000000

N/A

0.000000000

073879RJ9

100.00

0.00

100.00

422,468.78

100.00

Page 2 of 65

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:

7.331506%

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 Securities

Series 2005-HE2

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

342

Bond Payments

Statement Date:

ABN AMRO Acct: 722402.1

0.000000000

0.00

0.000000000

N/A

0.000000000

073879RK6

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879RL4

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879RM2

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879RN0

0.00

Total P&I Payment

0.00

538,475.74

648,849,512.18

476,054,983.52

32,017,319.49

Total

447,284,180.26

28,770,803.26

0.00

3,246,516.23

Page 3 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary

0.00

Interest Summary

Total Trustee Fees

Available Interest

3,128,116.84

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

294,240.41

8,245.80

27,941,904.52

446,550.08

0.00
0.00

31,821,160.22

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

476,054,883.53

294,240.41

27,950,150.32

0.00

526,412.54

0.00

447,284,080.26

2,901

141

1
0

2,759

172,339.92

Extra Principal

Trigger Event

79,862.45

28,770,803.26

Overcollateralization Amt

12,897,549.73

Less Extra Principal

Remittance Interest

)

(79,862.45

3,048,254.39

0.00

28,476,562.85

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(2,102.58

3,130,219.41

Total Fees

174,442.49

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

5.09

0.00

2,102.58

LPMI Fees

0.00

Current Prepayment Charges

422,468.78

Cumulative Prepayment Charges

422,468.78

Page 4 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary Group I Loans - Fixed 1st Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

125,593.52

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

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

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

16,109.21

834.94

1,021,669.67

0.00
0.00
0.00

1,164,291.93

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

19,151,944.87

16,109.21

1,022,504.61

0.00
0.00
0.00

18,113,331.05

123

0
0

119

7,639.80

Trigger Event

1,038,613.82

Overcollateralization Amt

12,897,549.73

Remittance Interest

125,593.52

0.00

1,022,504.61

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(84.59

125,678.11

Total Fees

7,724.39

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

5.09

0.00

84.59

LPMI Fees

0.00

Current Prepayment Charges

13,588.81

Cumulative Prepayment Charges

13,588.81

Page 5 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary Group I Loans - Fixed 2nd Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

66,395.33

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

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

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

4,925.93

533.24

674,145.88

0.00
0.00
0.00

746,032.25

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

7,215,854.15

4,925.93

674,679.12

0.00
0.00
0.00

6,536,249.10

0
0

1,836.01

Trigger Event

679,605.05

Overcollateralization Amt

12,897,549.73

Remittance Interest

66,395.33

0.00

674,679.12

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(31.87

66,427.20

Total Fees

1,867.88

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

5.09

0.00

31.87

LPMI Fees

0.00

Current Prepayment Charges

7,786.32

Cumulative Prepayment Charges

7,786.32

Page 6 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary Group I Loans - ARM 228

0.00

Interest Summary

Total Trustee Fees

Available Interest

742,797.08

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

55,271.67

)

(432.88

7,404,368.66

446,550.08

0.00
0.00

8,649,063.15

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

115,140,040.62

55,271.67

7,403,935.78

0.00

526,412.54

0.00

107,154,420.63

460

1
0

433

38,848.26

Trigger Event

7,905,757.53

Overcollateralization Amt

12,897,549.73

Remittance Interest

742,797.08

0.00

7,850,485.86

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(508.54

743,305.62

Total Fees

39,356.80

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

5.09

0.00

508.54

LPMI Fees

0.00

Current Prepayment Charges

105,606.72

Cumulative Prepayment Charges

105,606.72

Page 7 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary Group I Loans - ARM 327

0.00

Interest Summary

Total Trustee Fees

Available Interest

155,548.02

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

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

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

12,202.96

171.17

2,177,977.46

0.00
0.00
0.00

2,346,000.10

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

22,752,948.84

12,202.96

2,178,148.63

0.00
0.00
0.00

20,562,597.25

122

0
0

114

9,117.42

Trigger Event

2,190,351.59

Overcollateralization Amt

12,897,549.73

Remittance Interest

155,548.02

0.00

2,178,148.63

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(100.49

155,648.51

Total Fees

9,217.91

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

5.09

0.00

100.49

LPMI Fees

0.00

Current Prepayment Charges

25,890.24

Cumulative Prepayment Charges

25,890.24

Page 8 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary Group II Loans - Fixed 1st Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

243,590.35

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

33,516.46

11.74

1,408,123.28

0.00
0.00
0.00

1,685,406.95

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

37,385,062.52

33,516.46

1,408,135.02

0.00
0.00
0.00

35,943,411.04

269

0
0

260

15,394.48

Trigger Event

1,441,651.48

Overcollateralization Amt

12,897,549.73

Remittance Interest

243,590.35

0.00

1,408,135.02

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(165.12

243,755.47

Total Fees

15,559.59

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

5.09

0.00

165.12

LPMI Fees

0.00

Current Prepayment Charges

30,086.47

Cumulative Prepayment Charges

30,086.47

Page 9 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary Group II Loans - Fixed 2nd Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

29,315.19

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

2,197.49

)

(165.71

175,980.10

0.00
0.00
0.00

207,341.01

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

3,156,797.94

2,197.49

175,814.39

0.00
0.00
0.00

2,978,786.06

0
0

1,143.50

Trigger Event

178,011.88

Overcollateralization Amt

12,897,549.73

Remittance Interest

29,315.19

0.00

175,814.39

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(13.94

29,329.13

Total Fees

1,157.44

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

5.09

0.00

13.94

LPMI Fees

0.00

Current Prepayment Charges

3,472.34

Cumulative Prepayment Charges

3,472.34

Page 10 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary Group II Loans - ARM 228

0.00

Interest Summary

Total Trustee Fees

Available Interest

881,818.31

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

91,763.73

3,588.62

6,195,802.15

0.00
0.00
0.00

7,173,603.87

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

142,881,026.17

91,763.73

6,199,390.77

0.00
0.00
0.00

136,589,871.67

912

0
0

881

53,071.60

Trigger Event

6,291,154.50

Overcollateralization Amt

12,897,549.73

Remittance Interest

881,818.31

0.00

6,199,390.77

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(631.06

882,449.37

Total Fees

53,702.66

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

5.09

0.00

631.06

LPMI Fees

0.00

Current Prepayment Charges

78,039.52

Cumulative Prepayment Charges

78,039.52

Page 11 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary Group II Loans - ARM 327

0.00

Interest Summary

Total Trustee Fees

Available Interest

153,747.13

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

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

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

14,479.90

821.91

1,142,895.25

0.00
0.00
0.00

1,312,048.81

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

23,686,983.21

14,479.90

1,143,717.16

0.00
0.00
0.00

22,528,786.15

145

0
0

139

9,002.59

Trigger Event

1,158,197.06

Overcollateralization Amt

12,897,549.73

Remittance Interest

153,747.13

0.00

1,143,717.16

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(104.62

153,851.75

Total Fees

9,107.20

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

5.09

0.00

104.62

LPMI Fees

0.00

Current Prepayment Charges

22,725.65

Cumulative Prepayment Charges

22,725.65

Page 12 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary Group III Loans - Fixed 1st Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

118,585.52

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

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

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

16,805.45

)

(237.64

1,298,530.57

0.00
0.00
0.00

1,433,761.72

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

17,618,956.44

16,805.45

1,298,292.93

0.00
0.00
0.00

16,303,858.06

136

0
0

126

6,707.32

Trigger Event

1,315,098.38

Overcollateralization Amt

12,897,549.73

Remittance Interest

118,585.52

0.00

1,298,292.93

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(77.82

118,663.34

Total Fees

6,785.14

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

5.09

0.00

77.82

LPMI Fees

0.00

Current Prepayment Charges

22,882.34

Cumulative Prepayment Charges

22,882.34

Page 13 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary Group III Loans - Fixed 2nd Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

25,427.46

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

1,312.51

16.38

139,647.74

0.00
0.00
0.00

166,414.22

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

2,294,125.82

1,312.51

139,664.12

0.00
0.00
0.00

2,153,149.19

0
0

677.12

Trigger Event

140,976.63

Overcollateralization Amt

12,897,549.73

Remittance Interest

25,427.46

0.00

139,664.12

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(10.13

25,437.59

Total Fees

687.25

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

5.09

0.00

10.13

LPMI Fees

0.00

Current Prepayment Charges

6,296.12

Cumulative Prepayment Charges

6,296.12

Page 14 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary Group III Loans - ARM 228

0.00

Interest Summary

Total Trustee Fees

Available Interest

506,209.32

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

38,149.26

2,699.96

5,110,975.63

0.00
0.00
0.00

5,658,360.62

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

73,913,543.13

38,149.26

5,113,675.59

0.00
0.00
0.00

68,761,718.28

441

0
0

414

25,678.54

Trigger Event

5,151,824.85

Overcollateralization Amt

12,897,549.73

Remittance Interest

506,209.32

0.00

5,113,675.59

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(326.45

506,535.77

Total Fees

26,004.99

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

5.09

0.00

326.45

LPMI Fees

0.00

Current Prepayment Charges

85,269.73

Cumulative Prepayment Charges

85,269.73

Page 15 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Statement Date:

Cash Reconciliation Summary Group III Loans - ARM 327

0.00

Interest Summary

Total Trustee Fees

Available Interest

81,482.02

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

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

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

7,505.84

404.07

1,191,788.13

0.00
0.00
0.00

1,281,228.02

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

10,857,599.82

7,505.84

1,192,192.20

0.00
0.00
0.00

9,657,901.78

0
0

3,223.28

Trigger Event

1,199,698.04

Overcollateralization Amt

12,897,549.73

Remittance Interest

81,482.02

0.00

1,192,192.20

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(47.95

81,529.98

Total Fees

3,271.23

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

5.09

0.00

47.95

LPMI Fees

0.00

Current Prepayment Charges

20,824.52

Cumulative Prepayment Charges

20,824.52

Page 16 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

I-A-1

Act/360

194,899.84

0.00

194,899.84

0.00

I-A-2

Act/360

206,045.23

0.00

206,045.23

0.00

I-A-3

Act/360

55,732.63

0.00

55,732.63

0.00

II-A-1

Act/360

468,512.70

0.00

468,512.70

0.00

II-A-2

Act/360

118,709.65

0.00

118,709.65

0.00

III-A-1 Act/360

232,862.89

0.00

232,862.89

0.00

III-A-2 Act/360

58,872.87

0.00

58,872.87

0.00

M-1

Act/360

180,027.22

0.00

180,027.22

0.00

M-2

Act/360

152,548.74

0.00

152,548.74

0.00

M-3

Act/360

41,677.44

0.00

41,677.44

0.00

M-4

Act/360

46,664.33

0.00

46,664.33

0.00

M-5

Act/360

36,439.43

0.00

36,439.43

0.00

M-6

Act/360

36,296.76

0.00

36,296.76

0.00

Yes

4,580.14

0.00

M-7

Act/360

36,907.02

0.00

41,487.16

0.00

Yes

4,580.14

0.00

M-8

Act/360

36,907.02

0.00

41,487.16

0.00

189,101.56

0.00

804,936.72

0.00

994,038.28

911,783.40

0.00

422,468.78

0.00

2,708,040.49

0.00

198,261.84

0.00

3,328,771.11

3,246,516.23

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 17 of 65

(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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Bond Principal Reconciliation

Credit Support

Original

Current(4)

Statement Date:

Beginning

Class Balance

Unscheduled

Principal

Payment

Extra

Principal

Payment Amt

Prior

Loss

Reimburs.

Rated

Final

Maturity

Class

Current

Losses

Original

Class Balance

Scheduled

Principal

Payment

Ending

Class Balance

Cumulative

Losses

Interest on

Losses

Additions

Losses

5.00
1.00

I-A-1

2/28/2035

39,099,594.07

0.00

50,946,807.74

110,488,000.00

88,509.77

0.00

32,885.68

11,725,818.22

I-A-2

2/28/2035

52,281,000.00

0.00

52,281,000.00

0.00

I-A-3

2/28/2035

13,799,000.00

0.00

13,799,000.00

0.00

II-A-1

2/28/2035

111,335,402.97

0.00

118,610,810.09

176,116,000.00

113,566.06

0.00

20,195.19

7,141,645.87

II-A-2

2/28/2035

27,833,850.73

0.00

29,652,702.52

44,029,000.00

28,391.52

0.00

5,048.80

1,785,411.47

III-A-1

2/28/2035

52,822,141.65

0.00

59,085,592.61

92,183,000.00

51,018.34

0.00

17,386.19

6,195,046.43

III-A-2

2/28/2035

13,205,678.66

0.00

14,771,558.38

23,046,000.00

12,754.72

0.00

4,346.59

1,548,778.41

M-1

2/28/2035

43,149,000.00

0.00

43,149,000.00

0.00

M-2

2/28/2035

34,714,000.00

0.00

34,714,000.00

0.00

M-3

2/28/2035

9,408,000.00

0.00

9,408,000.00

0.00

M-4

2/28/2035

9,733,000.00

0.00

9,733,000.00

0.00

M-5

2/28/2035

7,462,000.00

0.00

7,462,000.00

0.00

M-6

2/28/2035

6,488,000.00

0.00

6,488,000.00

0.00

M-7

2/28/2035

6,488,000.00

0.00

6,488,000.00

0.00

M-8

2/28/2035

6,488,000.00

0.00

6,488,000.00

0.00

2/28/2035

12,977,412.18

0.00

12,977,412.18

0.00

2/28/2035

100.00

0.00

100.00

0.00

294,240.41

0.00

28,396,700.40

79,862.45

648,849,512.18

447,284,180.26

476,054,983.52

Page 18 of 65

(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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Interest Adjustments Summary

Statement
Date:

0.00

Special Servicing Fees

Workout Fees

Liquidation Fees

Legal Fees

0.00

2,392.42

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

2,392.42

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

422,468.78

422,468.78

Total Excess Allocated to the Bonds

420,076.36

)

(2,392.42

Aggregate Interest Adjustment Allocated to the Bonds

0.00

422,468.78

0.00

Prepayment Interest Excess Due the Bonds

0.00

ARD Excess Interest

0.00

Net Prepayment Int. Shortfalls Allocated to the Bonds

Other Interest Loss

Interest Income

0.00

Page 19 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

SWAP Payments

Statement Date:

Net Swap payment payable to the Swap Provider

Net Swap payment payable to the Swap Administrator

Swap Termination payment payable to the Swap Administrator

Swap Termination payment payable to the Swap Provider

198,261.83

0.00

Page 20 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Rating Information

Class

CUSIP

Fitch

Moody's

S&P

Fitch

Moody's

S&P

Original Ratings

Rating Change/Change Date(1)

Statement Date:

I-A-1

073879QS0

Aaa

AAA

I-A-2

073879QT8

Aaa

AAA

I-A-3

073879QU5

Aaa

AAA

II-A-1

073879QV3

Aaa

AAA

II-A-2

073879QW1

Aaa

AAA

III-A-1

073879QX9

Aaa

AAA

III-A-2

073879QY7

Aaa

AAA

M-1

073879QZ4

Aa2

M-2

073879RA8

M-3

073879RB6

A-

M-4

073879RC4

Baa1

BBB+

M-5

073879RD2

Baa2

BBB

M-6

073879RE0

Baa3

BBB-

M-7

073879RF7

Ba1

4/18/05

BB+

3/2/05

M-8

073879RG5

Ba2

4/18/05

3/2/05

073879RH3

4/18/05

073879RJ9

4/18/05

Page 21 of 65

NR - Designates that the class was not rated by the rating agency.

(1)

Changed ratings provided on this report are based on information provided by the applicable rating agency via electronic transmission. It shall be understood that this transmission will generally have been provided to

LaSalle within 30 days of the payment date listed on this statement. Because ratings may have changed during the 30 day window, or may not be being provided by the rating agency in an electronic format and therefore not
being updated on this report, LaSalle recommends that investors obtain current rating information directly from the rating agency.

Bear Stearns Asset Backed Securities I Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

140,666,121.13

0.00

90.1456

0.0000

673

84.8676

6,027,357.68

0.00

3.8626

0.0000

4.4136

3,278,807.80

0.00

2.1012

0.0000

2.5221

1,965,893.20

0.00

1.2598

0.0000

90+

1.6393

492,803.02

0.00

0.3158

0.0000

BKY0

0.6305

787,023.50

0.00

0.5044

0.0000

BKY90+

0.6305

2,721,650.58

0.00

1.7442

0.0000

F/C90+

1.2610

0.00

0.0000

PIF

3.9092

103,617.23

0.00

0.0664

0.0000

REO90+

0.1261

Total:

793

156,043,274.14

0.00

100.0000

0.0000

0.00

DLQ Total:

14,884,349.99

0.00

10.5927%

9.5386%

0.0000%

Page 22 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

181,922,274.39

0.00

89.8525

0.0000

1,226

87.1357

7,691,487.30

0.00

3.7989

0.0000

3.9801

3,564,462.93

0.00

1.7605

0.0000

2.2743

3,062,802.90

0.00

1.5127

0.0000

90+

1.7058

912,825.71

0.00

0.4509

0.0000

BKY0

0.4975

166,451.32

0.00

0.0822

0.0000

BKY30

0.0711

864,437.70

0.00

0.4270

0.0000

BKY90+

0.3554

4,050,809.85

0.00

2.0007

0.0000

F/C90+

1.9190

0.00

0.0000

PIF

1.7768

232,094.23

0.00

0.1146

0.0000

REO90+

0.2843

Total:

1,407

202,467,646.33

0.00

100.0000

0.0000

0.00

DLQ Total:

149

19,632,546.23

0.00

10.5899%

9.6966%

0.0000%

Page 23 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

End of Month Scheduled Balance Reporting

Statement Date:

- Summary of Servicer Delinquency Status

Group 3

Type

Count

Count (%)

Sch UPB

Sch UPB (%)

Arrears

Arrears (%)

F/C Quick Sale Value

REO Book Value

91,270,918.95

0.00

91.1945

0.0000

607

86.5906

3,702,644.19

0.00

3.6995

0.0000

3.5663

1,946,144.10

0.00

1.9445

0.0000

2.2825

902,193.01

0.00

0.9014

0.0000

90+

1.1412

246,500.00

0.00

0.2463

0.0000

BKY0

0.1427

208,370.43

0.00

0.2082

0.0000

BKY60

0.2853

427,222.09

0.00

0.4269

0.0000

BKY90+

0.5706

1,275,647.35

0.00

1.2746

0.0000

F/C90+

1.4265

0.00

0.0000

PIF

3.8516

104,179.85

0.00

0.1041

0.0000

REO90+

0.1427

Total:

701

100,083,819.97

0.00

100.0000

0.0000

0.00

DLQ Total:

8,566,401.02

0.00

9.4151%

8.5592%

0.0000%

Page 24 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

413,859,314.47

0.00

90.2451

0.0000

2,506

86.3840

17,421,489.17

0.00

3.7989

0.0000

116

3.9986

8,789,414.83

0.00

1.9166

0.0000

2.3440

5,930,889.11

0.00

1.2933

0.0000

90+

1.5512

1,652,128.73

0.00

0.3603

0.0000

BKY0

0.4481

166,451.32

0.00

0.0363

0.0000

BKY30

0.0345

208,370.43

0.00

0.0454

0.0000

BKY60

0.0689

2,078,683.29

0.00

0.4533

0.0000

BKY90+

0.4826

8,048,107.78

0.00

1.7549

0.0000

F/C90+

1.6201

0.00

0.0000

PIF

2.8611

439,891.31

0.00

0.0959

0.0000

REO90+

0.2068

Total:

2,901

458,594,740.44

0.00

100.0000

0.0000

0.00

DLQ Total:

299

43,083,297.24

0.00

10.3068%

9.3946%

0.0000%

Page 25 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

4.10%

3.82%

2.46%

1.95%

2.10%

7,935,300

1.77%

1.67%

1.72%

0.22%

0.10%

27-Dec-05

113

17,088,624

8,725,949

7,686,677

439,891

2,468

405,407,639

89.45%

90.64%

3.90%

3.23%

1.93%

1.53%

1.72%

6,500,723

1.37%

1.59%

1.85%

0.10%

0.05%

25-Nov-05

113

15,391,622

7,279,633

8,791,218

220,593

2,633

437,871,093

90.76%

91.98%

3.80%

3.58%

1.59%

1.53%

1.09%

4,517,313

0.90%

1.52%

1.64%

0.03%

0.02%

25-Oct-05

115

17,905,413

7,647,588

8,232,514

104,320

2,783

462,159,531

91.97%

92.33%

3.58%

3.35%

1.47%

1.55%

0.80%

3,414,945

0.65%

1.21%

1.29%

0.00%

26-Sep-05

112

17,516,512

8,099,483

6,732,872

2,911

487,092,116

92.94%

93.16%

3.08%

2.97%

1.30%

1.14%

0.80%

3,861,880

0.71%

1.05%

1.16%

0.00%

25-Aug-05

100

16,237,066

6,211,463

6,320,885

3,040

513,572,722

93.77%

94.03%

2.43%

2.27%

1.33%

1.43%

0.44%

2,504,515

0.44%

1.10%

1.15%

0.03%

0.01%

25-Jul-05

13,035,948

8,188,419

6,583,122

66,134

3,193

543,254,228

94.66%

94.70%

2.53%

2.38%

0.95%

0.94%

0.69%

3,326,866

0.56%

0.55%

0.60%

0.00%

27-Jun-05

14,176,657

5,622,165

3,560,956

3,319

569,516,557

95.29%

95.52%

2.26%

2.28%

1.03%

1.02%

0.33%

1,804,167

0.29%

0.28%

0.31%

0.00%

25-May-05

14,031,943

6,285,249

1,917,575

3,446

591,236,418

96.10%

96.09%

2.19%

2.20%

0.79%

0.75%

0.00%

25-Apr-05

13,827,884

4,703,909

3,543

611,170,672

97.02%

97.06%

1.81%

2.00%

0.03%

0.04%

0.00%

25-Mar-05

12,822,163

230,203

3,632

626,889,647

98.16%

97.96%

Page 26 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group I Loans - Fixed 1st Lien

6.72%

6.78%

0.84%

0.38%

0.84%

64,136

0.35%

0.84%

0.98%

0.00%

27-Dec-05

1,228,831

69,584

176,879

108

16,573,903

90.76%

91.50%

4.07%

3.13%

0.81%

0.92%

1.63%

137,976

0.72%

0.00%

25-Nov-05

599,018

177,008

115

18,237,942

93.50%

95.23%

1.61%

1.99%

0.00%

0.81%

64,216

0.33%

0.00%

25-Oct-05

386,760

121

18,946,929

97.58%

97.68%

1.60%

1.05%

0.80%

0.38%

0.80%

64,256

0.33%

0.00%

26-Sep-05

205,058

73,800

121

19,153,363

96.80%

98.24%

1.50%

2.66%

0.00%

1.50%

1.88%

0.00%

25-Aug-05

569,583

403,399

129

20,439,694

96.99%

95.46%

1.46%

2.77%

0.00%

2.19%

3.05%

0.00%

25-Jul-05

619,153

682,325

132

21,052,721

96.35%

94.18%

2.90%

1.94%

0.72%

0.28%

0.00%

1.45%

2.74%

0.00%

27-Jun-05

437,869

64,373

618,429

131

21,476,999

94.93%

95.04%

0.70%

2.04%

0.00%

1.41%

2.61%

0.00%

25-May-05

483,851

618,865

139

22,636,249

97.89%

95.35%

0.70%

0.31%

0.70%

1.18%

0.00%

25-Apr-05

73,800

279,233

140

23,404,964

98.59%

98.51%

2.78%

3.79%

0.00%

25-Mar-05

921,127

140

23,400,818

97.22%

96.21%

Page 27 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group I Loans - Fixed 2nd Lien

2.47%

2.68%

0.00%

2.47%

163,272

2.50%

0.00%

27-Dec-05

174,955

6,198,022

95.06%

94.83%

2.27%

2.04%

1.14%

0.34%

3.41%

298,014

4.13%

0.00%

25-Nov-05

147,401

24,628

6,745,811

93.18%

93.49%

2.04%

1.23%

0.00%

3.06%

298,256

3.73%

0.00%

25-Oct-05

98,560

7,608,572

94.90%

95.04%

0.99%

0.30%

0.99%

0.74%

2.97%

313,428

3.83%

0.00%

26-Sep-05

24,693

60,756

7,793,998

95.05%

95.13%

1.90%

1.58%

2.86%

2.72%

1.90%

210,389

2.47%

0.00%

25-Aug-05

134,917

231,781

7,956,381

93.33%

93.24%

2.65%

2.52%

0.00%

2.65%

305,886

3.32%

0.00%

25-Jul-05

232,004

107

8,675,672

94.69%

94.16%

0.00%

2.65%

5.16%

3.54%

404,255

4.37%

0.00%

27-Jun-05

477,509

106

8,364,671

93.81%

90.46%

2.59%

1.97%

0.86%

3.77%

2.59%

340,045

3.60%

0.00%

25-May-05

186,263

356,140

109

8,574,184

93.97%

90.67%

1.65%

4.27%

2.48%

3.45%

0.00%

25-Apr-05

420,971

340,185

116

9,097,288

95.87%

92.28%

2.46%

3.41%

0.00%

25-Mar-05

340,323

119

9,628,300

97.54%

96.59%

Page 28 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group I Loans - ARM 228

5.31%

4.18%

3.23%

2.37%

2.31%

1,766,504

1.65%

1.15%

1.54%

0.23%

0.10%

27-Dec-05

4,480,452

2,534,864

1,655,206

103,617

380

96,613,778

87.76%

90.16%

4.78%

3.12%

1.74%

1.09%

1.30%

994,182

0.86%

1.96%

2.79%

0.00%

25-Nov-05

3,597,989

1,250,101

3,210,309

415

106,087,459

90.22%

92.14%

4.18%

3.21%

1.67%

1.63%

0.63%

638,657

0.53%

1.88%

2.21%

0.00%

25-Oct-05

3,873,328

1,966,986

2,661,094

438

111,418,828

91.63%

92.42%

3.82%

3.04%

2.01%

2.19%

0.60%

491,290

0.39%

1.20%

1.47%

0.00%

26-Sep-05

3,860,348

2,785,474

1,862,817

460

118,089,592

92.37%

92.92%

3.68%

3.53%

1.35%

1.14%

0.77%

765,951

0.58%

0.95%

0.00%

25-Aug-05

4,690,251

1,513,926

1,261,759

484

124,677,704

93.62%

93.81%

2.95%

2.32%

1.66%

1.86%

0.37%

369,516

0.26%

0.55%

0.58%

0.00%

25-Jul-05

3,286,610

2,635,760

824,011

512

134,552,039

94.46%

94.98%

2.83%

2.46%

1.24%

1.22%

0.18%

95,492

0.06%

0.00%

27-Jun-05

3,641,700

1,804,255

542

142,605,905

95.76%

96.26%

2.58%

2.55%

1.20%

0.90%

0.00%

25-May-05

3,885,052

1,373,379

560

146,926,065

96.22%

96.54%

2.36%

2.28%

0.17%

0.09%

0.00%

25-Apr-05

3,550,216

140,144

578

151,965,803

97.47%

97.63%

1.50%

1.77%

0.00%

25-Mar-05

2,797,384

592

154,927,357

98.50%

98.23%

Page 29 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group I Loans - ARM 327

1.75%

0.70%

2.63%

1.96%

4.39%

759,005

3.69%

2.63%

2.57%

0.00%

27-Dec-05

143,120

402,525

528,135

101

18,729,812

88.60%

91.09%

3.28%

1.72%

1.64%

1.24%

3.28%

441,008

1.94%

4.92%

5.06%

0.00%

25-Nov-05

391,585

283,214

1,150,267

106

20,486,875

86.89%

90.04%

3.13%

1.96%

2.34%

1.14%

0.78%

79,449

0.33%

4.69%

5.21%

0.00%

25-Oct-05

467,719

270,655

1,242,245

114

21,778,016

89.06%

91.36%

5.38%

4.23%

2.31%

2.64%

0.00%

3.85%

4.51%

0.00%

26-Sep-05

1,033,395

645,203

1,102,995

115

21,670,355

88.46%

88.62%

4.58%

3.71%

1.53%

0.94%

0.00%

3.05%

3.86%

0.00%

25-Aug-05

916,297

231,322

951,984

119

22,593,857

90.84%

91.50%

2.21%

1.21%

0.00%

3.68%

5.16%

0.00%

25-Jul-05

313,468

1,332,989

128

24,175,173

94.12%

93.62%

2.88%

1.46%

1.44%

2.39%

0.72%

380,617

1.44%

1.23%

0.00%

27-Jun-05

384,328

630,203

323,170

130

24,629,530

93.53%

93.48%

4.90%

3.81%

0.70%

0.26%

0.70%

380,923

1.41%

0.70%

0.94%

0.00%

25-May-05

1,027,106

69,087

254,275

133

25,213,370

93.01%

93.57%

2.08%

0.90%

1.39%

2.33%

0.00%

25-Apr-05

245,349

635,650

139

26,448,698

96.53%

96.78%

4.08%

5.62%

0.00%

25-Mar-05

1,604,727

141

26,959,083

95.92%

94.38%

Page 30 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group II Loans - Fixed 1st Lien

4.23%

4.24%

1.15%

0.81%

2.31%

703,593

1.96%

1.92%

1.87%

0.00%

27-Dec-05

1,524,876

291,280

671,183

235

32,752,479

90.38%

91.12%

4.83%

4.25%

0.37%

0.30%

1.49%

499,671

1.34%

1.86%

1.73%

0.00%

25-Nov-05

1,590,439

111,151

646,776

246

34,537,026

91.45%

92.38%

2.89%

3.30%

0.72%

0.71%

1.44%

366,526

0.94%

1.44%

1.51%

0.00%

25-Oct-05

1,281,729

274,516

586,575

259

36,359,887

93.50%

93.54%

2.83%

3.16%

0.00%

1.06%

314,390

0.79%

1.77%

1.60%

0.00%

26-Sep-05

1,259,170

638,971

267

37,690,545

94.35%

94.46%

1.39%

1.64%

0.35%

0.17%

1.39%

523,238

1.29%

1.04%

0.88%

0.00%

25-Aug-05

663,455

67,255

354,797

276

38,888,292

95.83%

96.03%

2.05%

1.90%

0.34%

0.21%

1.03%

576,804

1.40%

0.68%

0.41%

0.00%

25-Jul-05

785,834

85,827

167,660

280

39,710,159

95.89%

96.09%

1.67%

1.74%

1.33%

0.93%

0.33%

246,173

0.57%

0.33%

0.34%

0.00%

27-Jun-05

747,763

402,355

144,393

289

41,542,703

96.33%

96.42%

2.28%

2.13%

0.65%

0.88%

0.33%

103,475

0.23%

0.00%

25-May-05

941,708

390,810

297

42,758,325

96.74%

96.75%

0.97%

0.67%

0.32%

0.23%

0.00%

25-Apr-05

299,565

103,567

306

44,458,927

98.71%

99.10%

0.64%

0.59%

0.00%

25-Mar-05

264,984

310

44,839,137

99.36%

99.41%

Page 31 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group II Loans - Fixed 2nd Lien

2.60%

3.08%

0.00%

27-Dec-05

91,692

2,887,094

97.40%

96.92%

0.00%

25-Nov-05

3,156,798

100.00%

2.38%

2.26%

0.00%

1.19%

52,618

1.60%

0.00%

25-Oct-05

74,039

3,154,696

96.43%

96.14%

1.11%

0.78%

1.11%

1.48%

0.00%

26-Sep-05

27,722

52,648

3,466,281

97.78%

97.73%

3.23%

3.14%

0.00%

1.08%

63,950

1.74%

0.00%

25-Aug-05

115,619

3,503,696

95.70%

95.12%

1.04%

1.66%

0.00%

25-Jul-05

40,258

63,994

3,750,807

97.92%

97.30%

3.09%

4.10%

0.00%

1.03%

58,828

1.51%

0.00%

27-Jun-05

159,762

3,675,480

95.88%

94.39%

0.99%

1.47%

0.99%

0.59%

0.00%

25-May-05

58,857

23,486

3,921,313

98.02%

97.94%

4.90%

6.14%

0.00%

25-Apr-05

248,697

3,803,793

95.10%

93.86%

0.98%

1.53%

0.00%

25-Mar-05

61,913

101

3,993,953

99.02%

98.47%

Page 32 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group II Loans - ARM 228

4.77%

4.34%

3.18%

2.31%

2.27%

2,703,011

1.98%

2.27%

2.14%

0.45%

0.17%

27-Dec-05

5,934,287

3,156,483

2,928,621

232,094

767

121,635,375

87.06%

89.05%

3.95%

3.01%

3.07%

2.45%

2.19%

2,651,055

1.86%

1.75%

1.69%

0.22%

0.08%

25-Nov-05

4,301,612

3,502,915

2,418,440

116,343

810

129,890,660

88.82%

90.91%

4.70%

4.18%

2.09%

2.10%

1.15%

1,746,188

1.15%

2.09%

1.75%

0.00%

25-Oct-05

6,359,822

3,194,761

2,657,695

862

138,158,871

89.98%

90.82%

4.62%

4.40%

1.71%

1.47%

0.70%

1,115,140

0.70%

1.71%

1.42%

0.00%

26-Sep-05

7,001,935

2,344,789

2,256,582

909

146,365,107

91.27%

92.01%

4.09%

3.49%

1.66%

1.45%

0.97%

1,651,968

1.00%

1.07%

0.80%

0.00%

25-Aug-05

5,765,880

2,392,757

1,318,670

947

154,191,300

92.21%

93.27%

3.18%

1.96%

1.82%

0.47%

958,519

0.55%

1.21%

0.82%

0.00%

25-Jul-05

5,496,806

3,155,398

1,419,115

997

161,908,739

93.18%

93.62%

3.24%

3.09%

0.81%

0.63%

0.90%

1,400,937

0.77%

0.45%

0.28%

0.00%

27-Jun-05

5,594,976

1,132,752

510,700

1,050

172,162,894

94.59%

95.22%

2.72%

2.49%

1.23%

1.13%

0.44%

535,759

0.29%

0.26%

0.15%

0.00%

25-May-05

4,633,041

2,106,229

284,749

1,086

178,382,827

95.35%

95.93%

2.49%

2.57%

1.11%

0.77%

0.00%

25-Apr-05

4,934,681

1,479,232

1,125

185,467,639

96.40%

96.66%

2.11%

1.78%

0.00%

25-Mar-05

3,476,201

1,160

191,802,711

97.89%

98.22%

Page 33 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group II Loans - ARM 327

0.00%

0.72%

0.52%

2.16%

520,636

2.31%

1.44%

2.00%

0.00%

27-Dec-05

116,700

451,006

133

21,440,444

95.68%

95.17%

0.69%

0.91%

2.07%

2.09%

1.38%

434,827

1.84%

0.69%

0.67%

0.00%

25-Nov-05

216,466

495,797

158,593

138

22,381,300

95.17%

94.49%

3.97%

4.68%

0.66%

0.63%

0.66%

142,177

0.57%

0.66%

1.17%

0.00%

25-Oct-05

1,173,676

158,714

292,960

142

23,303,653

94.04%

92.95%

3.27%

3.34%

1.96%

2.18%

0.00%

26-Sep-05

845,827

552,475

145

23,959,969

94.77%

94.49%

1.86%

2.08%

0.62%

0.63%

0.62%

142,371

0.52%

0.00%

25-Aug-05

564,841

170,000

156

26,246,203

96.89%

96.77%

1.21%

1.20%

1.21%

1.06%

0.00%

25-Jul-05

334,360

294,621

161

27,263,937

97.58%

97.75%

1.76%

1.87%

0.00%

0.59%

293,792

1.02%

0.00%

27-Jun-05

539,008

166

27,956,187

97.65%

97.11%

2.26%

2.03%

0.56%

0.98%

0.56%

93,663

0.31%

0.00%

25-May-05

609,013

293,997

171

29,041,652

96.61%

96.68%

1.67%

1.93%

0.56%

0.30%

0.00%

25-Apr-05

596,378

93,741

176

30,138,528

97.78%

97.76%

0.00%

25-Mar-05

182

31,088,507

100.00%

Page 34 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group III Loans - Fixed 1st Lien

1.59%

1.25%

0.79%

0.30%

0.00%

0.79%

0.30%

0.00%

27-Dec-05

203,747

48,854

49,229

122

16,002,029

96.83%

98.15%

5.15%

2.90%

0.00%

0.74%

0.28%

0.00%

25-Nov-05

510,171

49,261

128

17,059,525

94.12%

96.82%

1.44%

1.01%

0.00%

0.72%

0.27%

0.00%

25-Oct-05

182,688

49,293

136

17,933,044

97.84%

98.72%

0.00%

0.69%

0.26%

0.00%

26-Sep-05

49,324

143

19,141,709

99.31%

99.74%

1.34%

0.80%

0.00%

25-Aug-05

161,356

147

20,049,910

98.66%

99.20%

0.00%

0.65%

1.16%

0.00%

25-Jul-05

243,567

153

20,739,298

99.35%

98.84%

0.64%

1.13%

0.00%

27-Jun-05

243,775

156

21,343,870

99.36%

98.87%

0.00%

25-May-05

159

22,029,815

100.00%

0.00%

25-Apr-05

160

22,259,390

100.00%

0.00%

25-Mar-05

160

22,283,489

100.00%

Page 35 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group III Loans - Fixed 2nd Lien

1.85%

1.62%

0.00%

1.85%

46,979

2.18%

0.00%

27-Dec-05

34,840

2,071,330

96.30%

96.20%

0.00%

1.75%

2.05%

0.00%

25-Nov-05

46,997

2,247,129

98.25%

97.95%

1.69%

1.99%

0.00%

25-Oct-05

47,014

2,317,674

98.31%

98.01%

3.33%

3.91%

0.00%

26-Sep-05

94,197

2,316,870

96.67%

96.09%

1.64%

1.08%

0.00%

25-Aug-05

26,472

2,418,051

98.36%

98.92%

1.56%

2.29%

0.00%

25-Jul-05

59,371

2,536,191

98.44%

97.71%

0.00%

1.52%

57,848

2.17%

0.00%

27-Jun-05

2,606,349

98.48%

97.83%

1.43%

1.84%

0.00%

25-May-05

52,503

2,800,938

98.57%

98.16%

0.00%

25-Apr-05

2,855,284

100.00%

0.00%

25-Mar-05

2,857,092

100.00%

Page 36 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group III Loans - ARM 228

4.83%

4.76%

4.11%

3.06%

2.17%

1,151,297

1.67%

1.93%

1.63%

0.24%

0.15%

27-Dec-05

3,271,824

2,105,661

1,123,805

104,180

359

61,004,952

86.71%

88.72%

4.54%

4.56%

2.27%

1.78%

1.59%

884,435

1.20%

1.81%

1.57%

0.23%

0.14%

25-Nov-05

3,371,865

1,313,489

1,157,572

104,250

395

67,081,931

89.57%

90.76%

4.58%

4.73%

3.05%

2.31%

1.31%

969,594

1.25%

1.09%

0.96%

0.22%

0.13%

25-Oct-05

3,654,702

1,781,956

742,652

104,320

412

70,038,230

89.76%

90.62%

4.38%

3.87%

1.88%

1.25%

956,735

1.17%

1.04%

1.07%

0.00%

26-Sep-05

3,164,168

1,535,012

871,507

438

75,205,031

91.44%

92.01%

2.98%

2.77%

1.99%

1.79%

0.60%

401,098

0.46%

1.99%

2.01%

0.00%

25-Aug-05

2,397,053

1,547,557

1,744,018

465

80,590,270

92.45%

92.97%

2.45%

1.96%

1.51%

1.37%

0.38%

293,790

0.32%

1.89%

2.03%

0.19%

0.07%

25-Jul-05

1,811,217

1,268,061

1,870,565

66,134

496

86,968,787

93.58%

94.25%

2.53%

2.06%

1.27%

1.15%

0.72%

388,924

0.40%

1.45%

1.74%

0.00%

27-Jun-05

1,985,948

1,110,718

1,677,609

520

91,165,640

94.03%

94.64%

1.92%

2.14%

1.74%

1.66%

0.17%

350,303

0.35%

0.52%

0.47%

0.00%

25-May-05

2,154,547

1,672,121

472,836

549

96,012,718

95.64%

95.38%

3.41%

3.35%

1.02%

1.30%

0.00%

25-Apr-05

3,458,227

1,345,112

561

98,322,184

95.57%

95.34%

2.51%

2.70%

0.17%

0.22%

0.00%

25-Mar-05

2,836,053

230,203

581

101,905,636

97.32%

97.08%

Page 37 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Group III Loans - ARM 327

0.00%

1.64%

56,866

0.59%

1.64%

1.06%

0.00%

27-Dec-05

102,614

9,498,422

96.72%

98.35%

4.48%

6.13%

1.49%

0.68%

2.99%

159,556

1.47%

0.00%

25-Nov-05

665,075

74,331

9,958,637

91.04%

91.72%

2.82%

2.63%

0.00%

2.82%

159,632

1.38%

0.00%

25-Oct-05

305,376

11,141,132

94.37%

95.99%

0.00%

2.74%

159,708

1.29%

0.00%

26-Sep-05

12,239,295

97.26%

98.71%

1.35%

1.82%

1.35%

0.45%

1.35%

102,917

0.81%

1.35%

2.25%

0.00%

25-Aug-05

231,342

56,866

286,258

12,017,364

94.59%

94.66%

1.35%

0.45%

2.70%

3.47%

0.00%

1.35%

2.25%

0.00%

25-Jul-05

56,866

441,192

286,457

11,920,706

94.59%

93.83%

2.70%

3.47%

0.00%

1.35%

2.25%

0.00%

27-Jun-05

441,528

286,654

11,986,328

95.95%

94.27%

0.00%

1.32%

2.17%

0.00%

25-May-05

286,850

12,938,963

98.68%

97.83%

0.00%

1.32%

2.17%

0.00%

25-Apr-05

287,045

12,948,174

98.68%

97.83%

2.56%

3.79%

0.00%

25-Mar-05

519,450

13,203,565

97.44%

96.21%

Page 38 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

166,451

208,370

7,686,677

2,078,683

0.00%

1.67%

1.72%

0.04%

0.04% 0.07%

0.05% 0.51%

0.46%

0.00%

0.47%

0.37%

1,652,129

439,891

0.00%

0.22%

0.00%

0.10%

25-Nov-05

166,585

456,787

8,791,218

1,110,392

0.00%

1.59%

1.85%

0.03%

0.03% 0.10%

0.10% 0.31%

0.23%

0.00%

0.34%

0.23%

1,092,301

220,593

0.00%

0.10%

0.00%

0.05%

25-Oct-05

186,320

167,715

8,232,514

638,925

0.00%

1.52%

1.64%

0.03%

0.04% 0.07%

0.03% 0.17%

0.13%

0.00%

0.23%

0.14%

679,533

104,320

0.00%

0.03%

0.00%

0.02%

26-Sep-05

362,080

6,732,872

250,168

0.00%

1.21%

1.29%

0.00%

0.00% 0.06%

0.07% 0.10%

0.05%

0.00%

0.16%

0.12%

608,378

0.00%

25-Aug-05

362,325

6,320,885

189,415

0.00%

1.05%

1.16%

0.00%

0.00% 0.06%

0.07% 0.06%

0.03%

0.00%

-0.00%

0.15%

0.11%

608,947

0.00%

25-Jul-05

187,200

102,991

6,296,465

0.00%

0.03%

1.04%

1.10%

0.00%

0.00% 0.03%

0.02% 0.00%

0.00%

0.03%

0.02%

0.06%

0.03%

99,457

147,774

66,134

0.00%

0.03%

0.00%

0.01%

27-Jun-05

144,393

103,066

3,416,562

0.00%

0.03%

0.02%

0.52%

0.57%

0.03%

0.02% 0.00%

0.00% 0.00%

0.00%

0.06%

0.02%

147,874

0.00%

25-May-05

137,951

1,779,624

0.00%

0.03%

0.02%

0.25%

0.29%

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

0.03%

0.02%

153,502

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

Page 39 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

176,879

0.00%

0.84%

0.98%

0.00%

0.00% 0.00%

0.00%

2.52%

1.25%

226,266

0.00%

25-Nov-05

0.00%

0.00% 0.00%

0.00%

1.63%

0.77%

147,370

0.00%

25-Oct-05

0.00%

0.00% 0.00%

0.00%

1.61%

0.76%

147,472

0.00%

26-Sep-05

0.00%

0.00% 0.00%

0.00%

1.60%

0.76%

147,574

0.00%

25-Aug-05

403,399

0.00%

1.50%

1.88%

0.00%

0.00% 0.00%

0.00%

1.50%

0.69%

147,674

0.00%

25-Jul-05

682,325

0.00%

2.19%

3.05%

0.00%

0.00% 0.00%

0.00%

1.46%

0.66%

147,774

0.00%

27-Jun-05

618,429

0.00%

1.45%

2.74%

0.00%

0.00% 0.00%

0.00%

1.45%

0.65%

147,874

0.00%

25-May-05

618,865

0.00%

1.41%

2.61%

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

Page 40 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

102,728

0.00%

0.00% 0.00%

0.00% 1.23%

1.57%

0.00%

25-Nov-05

102,857

0.00%

0.00% 0.00%

0.00% 1.14%

1.43%

0.00%

25-Oct-05

102,985

0.00%

0.00% 0.00%

0.00% 1.02%

1.29%

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%

25-May-05

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

Page 41 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

1,655,206

373,340

0.00%

1.15%

1.54%

0.00%

0.00% 0.00%

0.00% 0.69%

0.35%

0.00%

0.23%

0.08%

90,302

103,617

0.00%

0.23%

0.00%

0.10%

25-Nov-05

194,750

3,210,309

178,690

0.00%

1.96%

2.79%

0.00%

0.00% 0.22%

0.17% 0.43%

0.16%

0.00%

0.43%

0.14%

161,613

0.00%

25-Oct-05

2,661,094

86,409

0.00%

1.88%

2.21%

0.00%

0.00% 0.00%

0.00% 0.21%

0.07%

0.00%

0.42%

0.13%

161,730

0.00%

26-Sep-05

1,862,817

86,453

0.00%

1.20%

1.47%

0.00%

0.00% 0.00%

0.00% 0.20%

0.07%

0.00%

-0.00%

0.20%

0.06%

71,330

0.00%

25-Aug-05

1,261,759

86,498

0.00%

0.58%

0.95%

0.00%

0.00% 0.00%

0.00% 0.19%

0.07%

0.00%

0.19%

0.05%

71,375

0.00%

25-Jul-05

824,011

0.00%

0.55%

0.58%

0.00%

0.00% 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%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

Page 42 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

528,135

310,955

0.00%

2.63%

2.57%

0.00%

0.00% 0.00%

0.00% 0.88%

1.51%

0.00%

0.88%

0.86%

176,235

0.00%

25-Nov-05

1,150,267

81,837

0.00%

4.92%

5.06%

0.00%

0.00% 0.00%

0.00% 0.82%

0.36%

0.00%

-0.00%

0.00%

25-Oct-05

1,242,245

0.00%

4.69%

5.21%

0.00%

0.00% 0.00%

0.00%

26-Sep-05

1,102,995

0.00%

3.85%

4.51%

0.00%

0.00% 0.00%

0.00%

25-Aug-05

951,984

0.00%

3.05%

3.86%

0.00%

0.00% 0.00%

0.00%

25-Jul-05

1,332,989

0.00%

3.68%

5.16%

0.00%

0.00% 0.00%

0.00%

27-Jun-05

323,170

0.00%

1.44%

1.23%

0.00%

0.00% 0.00%

0.00%

25-May-05

254,275

0.00%

0.70%

0.94%

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

Page 43 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

671,183

111,084

0.00%

1.92%

1.87%

0.00%

0.00% 0.00%

0.00% 0.38%

0.31%

0.00%

1.15%

1.45%

521,280

0.00%

25-Nov-05

646,776

0.00%

1.86%

1.73%

0.00%

0.00% 0.00%

0.00%

1.12%

1.40%

521,551

0.00%

25-Oct-05

586,575

60,836

0.00%

1.44%

1.51%

0.00%

0.00% 0.00%

0.00% 0.36%

0.16%

0.00%

0.36%

0.45%

175,591

0.00%

26-Sep-05

638,971

60,873

0.00%

1.77%

1.60%

0.00%

0.00% 0.00%

0.00% 0.35%

0.15%

0.00%

0.35%

0.44%

175,779

0.00%

25-Aug-05

354,797

0.00%

1.04%

0.88%

0.00%

0.00% 0.00%

0.00%

0.35%

0.43%

176,067

0.00%

25-Jul-05

167,660

0.00%

0.68%

0.41%

0.00%

0.00% 0.00%

0.00%

27-Jun-05

144,393

0.00%

0.33%

0.34%

0.00%

0.00% 0.00%

0.00%

25-May-05

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

Page 44 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

0.00%

0.00% 0.00%

0.00%

1.30%

0.58%

17,320

0.00%

25-Nov-05

0.00%

0.00% 0.00%

0.00%

1.23%

0.55%

17,326

0.00%

25-Oct-05

0.00%

0.00% 0.00%

0.00%

1.19%

0.53%

17,332

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%

25-May-05

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

Page 45 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

166,451

2,928,621

753,354

0.00%

2.27%

2.14%

0.11%

0.12% 0.00%

0.00% 0.45%

0.55%

0.00%

0.23%

0.22%

307,060

232,094

0.00%

0.45%

0.00%

0.17%

25-Nov-05

166,585

186,185

2,418,440

567,701

0.00%

1.75%

1.69%

0.11%

0.12% 0.11%

0.13% 0.33%

0.40%

0.00%

-0.00%

0.11%

0.12%

177,208

116,343

0.00%

0.22%

0.00%

0.08%

25-Oct-05

186,320

91,811

2,657,695

285,930

0.00%

2.09%

1.75%

0.10%

0.12% 0.10%

0.06% 0.10%

0.19%

0.00%

-0.00%

0.10%

0.12%

177,409

0.00%

26-Sep-05

286,125

2,256,582

0.00%

1.71%

1.42%

0.00%

0.00% 0.10%

0.18% 0.00%

0.00%

0.10%

0.13%

213,695

0.00%

25-Aug-05

286,318

1,318,670

0.00%

1.07%

0.80%

0.00%

0.00% 0.10%

0.17% 0.00%

0.00%

0.10%

0.13%

213,830

0.00%

25-Jul-05

187,200

1,132,458

0.00%

0.09%

0.11%

1.03%

0.65%

0.00%

0.00% 0.00%

0.00%

0.09%

0.06%

0.00%

99,457

0.00%

27-Jun-05

510,700

0.00%

0.45%

0.28%

0.00%

0.00% 0.00%

0.00%

25-May-05

137,951

146,798

0.00%

0.09%

0.07%

0.18%

0.08%

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

Page 46 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

451,006

0.00%

1.44%

2.00%

0.00%

0.00% 0.00%

0.00%

0.72%

0.30%

67,166

0.00%

25-Nov-05

158,593

0.00%

0.69%

0.67%

0.00%

0.00% 0.00%

0.00%

0.69%

0.28%

67,233

0.00%

25-Oct-05

292,960

0.00%

0.66%

1.17%

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%

25-May-05

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

Page 47 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

49,229

0.00%

0.79%

0.30%

0.00%

0.00% 0.00%

0.00%

25-Nov-05

49,261

0.00%

0.74%

0.28%

0.00%

0.00% 0.00%

0.00%

25-Oct-05

49,293

0.00%

0.72%

0.27%

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%

25-May-05

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

Page 48 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-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%

25-May-05

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

Page 49 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

208,370

1,123,805

427,222

0.00%

1.93%

1.63%

0.00%

0.00% 0.48%

0.30% 0.97%

0.62%

0.00%

0.24%

0.36%

246,500

104,180

0.00%

0.24%

0.00%

0.15%

25-Nov-05

75,852

1,157,572

76,617

0.00%

1.81%

1.57%

0.00%

0.00% 0.23%

0.10% 0.23%

0.10%

0.00%

-0.00%

0.00%

104,250

0.00%

0.23%

0.00%

0.14%

25-Oct-05

75,904

742,652

0.00%

1.09%

0.96%

0.00%

0.00% 0.22%

0.10% 0.00%

0.00%

104,320

0.00%

0.22%

0.00%

0.13%

26-Sep-05

75,956

871,507

0.00%

1.04%

1.07%

0.00%

0.00% 0.21%

0.09% 0.00%

0.00%

25-Aug-05

76,007

1,744,018

0.00%

1.99%

2.01%

0.00%

0.00% 0.20%

0.09% 0.00%

0.00%

25-Jul-05

1,870,565

0.00%

1.89%

2.03%

0.00%

0.00% 0.00%

0.00%

66,134

0.00%

0.19%

0.00%

0.07%

27-Jun-05

1,677,609

0.00%

1.45%

1.74%

0.00%

0.00% 0.00%

0.00%

-0.00%

0.00%

25-May-05

472,836

0.00%

0.52%

0.47%

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

0.17%

0.15%

153,502

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

Page 50 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

102,614

0.00%

1.64%

1.06%

0.00%

0.00% 0.00%

0.00%

25-Nov-05

102,690

0.00%

0.00% 0.00%

0.00% 1.49%

0.95%

0.00%

25-Oct-05

102,766

0.00%

0.00% 0.00%

0.00% 1.41%

0.89%

0.00%

26-Sep-05

102,842

0.00%

0.00% 0.00%

0.00% 1.37%

0.83%

0.00%

25-Aug-05

286,258

102,917

0.00%

1.35%

2.25%

0.00%

0.00% 0.00%

0.00% 1.35%

0.81%

0.00%

25-Jul-05

102,991

286,457

0.00%

1.35%

2.25%

0.00%

0.00% 1.35%

0.81% 0.00%

0.00%

27-Jun-05

103,066

286,654

0.00%

1.35%

2.25%

1.35%

0.81% 0.00%

0.00% 0.00%

0.00%

25-May-05

286,850

0.00%

1.32%

2.17%

0.00%

0.00% 0.00%

0.00%

25-Apr-05

0.00%

0.00% 0.00%

0.00%

25-Mar-05

0.00%

0.00% 0.00%

0.00%

Page 51 of 65

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 Securities

Series 2005-HE2

ABN AMRO Acct: 722402.1

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

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

27-Dec-05

2,759

73.71%

447,284,080

68.93%

4.86%

5.87%

0.03%

79,862

0.02%

342

7.33%

6.83%

141

27,941,905

0.00

446,550.08

25-Nov-05

2,901

77.50%

476,054,884

73.37%

4.13%

4.83%

0.00%

343

7.33%

6.83%

125

24,172,975

0.00

25-Oct-05

3,026

80.84%

500,566,679

77.15%

3.38%

4.20%

0.00%

344

7.33%

6.83%

106

21,966,217

0.00

26-Sep-05

3,132

83.68%

522,855,928

80.58%

3.36%

4.20%

0.03%

42,686

0.01%

345

7.34%

6.83%

109

22,943,347

0.00

(2,390.42)

25-Aug-05

3,242

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