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) ~~August~~December 2527, 2005

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

Delaware
(State or other jurisdiction
of incorporation)

333-125422
(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 SACO I Trust 2005-5 Mortgage Pass-Through Certificates, Series 2005-5, which was made on ~~August~~December 2527, 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 6.06 of the Pooling and Servicing Agreement for the distribution on ~~August~~December 2527, 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 SECURITIES ADMINISTRATOR 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: ~~September~~January 23, ~~2005~~2006

SACO I TRUST 2005-5 Mortgage Pass-Through Certificates, Series 2005-5 ABN AMRO Acct: 722835.1 Reporting Package Table of Contents Payment Date:Prior Payment:Next Payment:Record Date: 31-Aug-0525-Aug-05 N/A 26-Sep-05 24-Aug-05 Administrator: Amanda Hellyer 312.904.6299amanda.hellyer@abnamro.com Analyst: Rachel Gaxiola 714.259.6216 Rachel.Gaxiola@ABNAMRO.com Revised Date: 135 S. LaSalle Street, Suite 1625Chicago, IL 60603USA Statements to CertificateholdersCash Reconciliation SummaryBond Interest ReconciliationBond Principal Reconciliation Shortfall Summary Report Swap Summary ReportAsset-Backed Facts ~ 15 Month Loan Status Summary Part I Asset-Backed Facts ~ 15 Month Loan Status Summary Part IIAsset-Backed Facts ~ 15 Month Loan Payoff/Loss SummaryRealized Loss Detail Page 2-3Page 4-6Page 7Page 8-9 Page 10 Page 11Page 12-14 Page 15-17Page 18-20 Page 21-23 Page(s) Information is available for this issue from the following sources Issue Id: Monthly Data File Name: SACO0505 SACO0505_200508_3.ZIP Closing Date: First Payment Date: Rated Final Payment: Date: 29-Jul-0525-Aug-05 27-Aug-35 Parties to The Transaction Depositor: Bear Stearns Asset Backed Securities I LLC Underwriter: Bear Stearns & Co. Inc./Bear Stearns & Co. Inc. Master Servicer: ABN AMRO LaSalle Bank N.A. Rating Agency: Moody's Investors Service, Inc./Fitch Ratings 800.246.5761 LaSalle Factor Line LaSalle Web Site Servicer Web Site www.etrustee.net www.etrustee.net Page 1 of 23 31-Aug-2005 - 09:12 (W547- W575,W706) (c) 2005 LaSalle Bank N.A. Class CUSIP Original Opening Principal Principal Negative Closing Interest Interest Pass-Through Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Next Rate(3) WAC:WAMM: Next Index: Payment Date:Prior Payment:Next Payment:Record Date: 9.896852% 3.641250% 31-Aug-0525-Aug-05 N/A 26-Sep-05 24-Aug-05 SACO I TRUST 2005-5 Mortgage Pass-Through Certificates, Series 2005-5 Face Value (1) Balance Payment Adj. or Loss Amortization Balance Payment (2) Adjustment Rate 225 Bond Payments Revised Date: ABN AMRO Acct: 722835.1 1000.000000000 31.582443786 0.000000000 968.417556214 2.797500013 3.8812500000% 0.00 0.00 0.000000000 3.7300000000% 0.000000000 785778FY2 I-A 391,450,000.00 12,362,947.62 0.00 379,087,052.38 1,095,081.38 391,450,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 2.992500000 4.1412500000% 0.00 0.00 0.000000000 3.9900000000% 0.000000000 785778FZ9 I-M-1 56,568,000.00 0.00 0.00 56,568,000.00 169,279.74 56,568,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 3.030000000 4.1912500000% 0.00 0.00 0.000000000 4.0400000000% 0.000000000 785778GA3 I-M-2 12,445,000.00 0.00 0.00 12,445,000.00 37,708.35 12,445,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 3.105000384 4.2912500000% 0.00 0.00 0.000000000 4.1400000000% 0.000000000 785778GB1 I-M-3 13,011,000.00 0.00 0.00 13,011,000.00 40,399.16 13,011,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 3.142500000 4.3412500000% 0.00 0.00 0.000000000 4.1900000000% 0.000000000 785778GC9 I-M-4 10,748,000.00 0.00 0.00 10,748,000.00 33,775.59 10,748,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 3.172500276 4.3812500000% 0.00 0.00 0.000000000 4.2300000000% 0.000000000 785778GD7 I-M-5 9,051,000.00 0.00 0.00 9,051,000.00 28,714.30 9,051,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 3.555000000 4.8912500000% 0.00 0.00 0.000000000 4.7400000000% 0.000000000 785778GE5 I-B-1 10,182,000.00 0.00 0.00 10,182,000.00 36,197.01 10,182,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 3.630000000 4.9912500000% 0.00 0.00 0.000000000 4.8400000000% 0.000000000 785778GF2 I-B-2 8,485,000.00 0.00 0.00 8,485,000.00 30,800.55 8,485,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 3.967499646 5.4412500000% 0.00 0.00 0.000000000 5.2900000000% 0.000000000 785778GG0 I-B-3 7,071,000.00 0.00 0.00 7,071,000.00 28,054.19 7,071,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 5.617500376 7.6412500000% 0.00 0.00 0.000000000 7.4900000000% 0.000000000 785778GH8 I-B-4 13,294,000.00 0.00 0.00 13,294,000.00 74,679.05 13,294,000.00 1000.000000000 0.000000000 0.000000000 978.145017074 5.133151131 0.00 25,184.68 0.044520996 N/A 0.000000000 N 785778HA2 I-C 565,680,964.00 0.00 0.00 553,318,016.19 2,903,725.88 565,680,964.00 1000.000000000 27.346188600 0.000000000 972.653811400 2.805000000 3.8912500000% 0.00 0.00 0.000000000 3.7400000000% 0.000000000 785778GJ4 II-A 129,194,000.00 3,532,963.49 0.00 125,661,036.51 362,389.17 129,194,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 3.030000000 4.1912500000% 0.00 0.00 0.000000000 4.0400000000% 0.000000000 785778GK1 II-M-1 5,638,000.00 0.00 0.00 5,638,000.00 17,083.14 5,638,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 3.067500000 4.2412500000% 0.00 0.00 0.000000000 4.0900000000% 0.000000000 785778GL9 II-M-2 4,984,000.00 0.00 0.00 4,984,000.00 15,288.42 4,984,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 3.105000000 4.2912500000% 0.00 0.00 0.000000000 4.1400000000% 0.000000000 785778GM7 II-M-3 3,186,000.00 0.00 0.00 3,186,000.00 9,892.53 3,186,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 3.180000000 4.3912500000% 0.00 0.00 0.000000000 4.2400000000% 0.000000000 785778GN5 II-M-4 2,860,000.00 0.00 0.00 2,860,000.00 9,094.80 2,860,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 3.255000000 4.4912500000% 0.00 0.00 0.000000000 4.3400000000% 0.000000000 785778GP0 II-M-5 2,614,000.00 0.00 0.00 2,614,000.00 8,508.57 2,614,000.00 31-Aug-2005 - 09:12 (W547- W575,W706) (c) 2005 LaSalle Bank N.A. Page 2 of 23 Notes: (1) N denotes notional balance not included in total (2) Accrued Interest Plus/Minus Interest Adjustment Minus Deferred Interest equals Interest Payment (3) Estimated. * Denotes Controlling Class Class CUSIP Original Opening Principal Principal Negative Closing Interest Interest Pass-Through Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Next Rate(3) WAC:WAMM: Next Index: Payment Date:Prior Payment:Next Payment:Record Date: 9.896852% 3.641250% 31-Aug-0525-Aug-05 N/A 26-Sep-05 24-Aug-05 SACO I TRUST 2005-5 Mortgage Pass-Through Certificates, Series 2005-5 Face Value (1) Balance Payment Adj. or Loss Amortization Balance Payment (2) Adjustment Rate 225 Bond Payments Revised Date: ABN AMRO Acct: 722835.1 1000.000000000 0.000000000 0.000000000 1000.000000000 3.292499013 4.5412500000% 0.00 0.00 0.000000000 4.3900000000% 0.000000000 785778GQ8 II-M-6 2,533,000.00 0.00 0.00 2,533,000.00 8,339.90 2,533,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 3.667498776 5.0412500000% 0.00 0.00 0.000000000 4.8900000000% 0.000000000 785778GR6 II-M-7 2,043,000.00 0.00 0.00 2,043,000.00 7,492.70 2,043,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 3.892498725 5.3412500000% 0.00 0.00 0.000000000 5.1900000000% 0.000000000 785778GS4 II-M-8 1,961,000.00 0.00 0.00 1,961,000.00 7,633.19 1,961,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 4.417503060 6.0412500000% 0.00 0.00 0.000000000 5.8900000000% 0.000000000 785778GT2 II-M-9 1,634,000.00 0.00 0.00 1,634,000.00 7,218.20 1,634,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 4.867500000 6.6412500000% 0.00 0.00 0.000000000 6.4900000000% 0.000000000 785778GU9 II-B-1 1,552,000.00 0.00 0.00 1,552,000.00 7,554.36 1,552,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 4.867501610 6.6412500000% 0.00 0.00 0.000000000 6.4900000000% 0.000000000 785778GV7 II-B-2 1,553,000.00 0.00 0.00 1,553,000.00 7,559.23 1,553,000.00 1000.000000000 0.000000000 0.000000000 978.380167623 3.320340659 0.00 0.00 0.000000000 N/A 0.000000000 N 785778HC8 II-E 163,413,106.00 0.00 0.00 159,880,142.04 542,587.18 163,413,106.00 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 0.00 0.00 0.000000000 N/A 0.000000000 785778HB0 II-S 0.00 0.00 0.00 0.00 0.00 0.00 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 0.00 0.00 0.000000000 N/A 0.000000000 785778GW5 I-R-1 0.00 0.00 0.00 0.00 0.00 0.00 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 0.00 0.00 0.000000000 N/A 0.000000000 785778GX3 I-R-2 0.00 0.00 0.00 0.00 0.00 0.00 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 0.00 0.00 0.000000000 N/A 0.000000000 785778GY1 I-R-3 0.00 0.00 0.00 0.00 0.00 0.00 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 0.00 0.00 0.000000000 N/A 0.000000000 785778GZ8 I-RX 0.00 0.00 0.00 0.00 0.00 0.00 Total P&I Payment 0.00 25,184.68 692,057,000.00 692,057,000.00 21,384,967.70 Total 676,161,088.89 15,895,911.11 0.00 5,489,056.59 31-Aug-2005 - 09:12 (W547- W575,W706) (c) 2005 LaSalle Bank N.A. Page 3 of 23 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 SACO I TRUST 2005-5 Payment Date:Prior Payment:Next Payment:Record Date: 31-Aug-0525-Aug-05 N/A 26-Sep-05 24-Aug-05 Mortgage Pass-Through Certificates, Series 2005-5 ABN AMRO Acct: 722835.1 Revised Date: Cash Reconciliation Summary Interest Summary Available Interest 5,734,499.27 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 1,179,948.79 195,912.99 14,520,049.33 0.000.000.00 21,630,410.38 Pool Balance Summary Beginning PoolScheduled Principal DistributionUnscheduled Principal DistributionDeferred InterestLiquidationsRepurchasesEnding Pool Balance/Amount Count 729,094,069.32 1,179,948.79 14,715,962.32 0.000.000.00 713,198,158.23 15,914 267 00 15,643 303,735.25 Overcollateralization Increase Amt Trigger Event No 0.00 15,895,911.11 Overcollateralization Amt 37,037,069.32 Less OC Increase Amount Remittance Interest 0.00 5,734,499.27 14,715,962.32 Interest Due Trust 5,734,499.27 Total Fees 303,799.08 Reimbursement Amt Class II-A Policy - InterestClass II-A Policy - PrincipalOther Total Reimbursement Amt Rolling 3-Month Delinquency % 0.07 0 Total LPMI Fees 0.000.000.00 0.00 Less Extraordinary Trust Expense 0.00 Master Servicing Fees 63.83 0.00 Page 4 of 23 31-Aug-2005 - 09:12 (W547- W575,W706) (c) 2005 LaSalle Bank N.A. SACO I TRUST 2005-5 Payment Date:Prior Payment:Next Payment:Record Date: 31-Aug-0525-Aug-05 N/A 26-Sep-05 24-Aug-05 Mortgage Pass-Through Certificates, Series 2005-5 ABN AMRO Acct: 722835.1 Revised Date: Cash Reconciliation Summary Group I Loans Interest Summary Available Interest 4,723,857.88 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 315,785.69 114,015.57 11,933,146.36 0.000.000.00 17,086,805.50 Pool Balance Summary Beginning PoolScheduled Principal DistributionUnscheduled Principal DistributionDeferred InterestLiquidationsRepurchasesEnding Pool Balance/Amount Count 565,680,963.79 315,785.69 12,047,161.93 0.000.000.00 553,318,016.19 12,744 211 00 12,533 264,160.75 Trigger Event No 12,362,947.62 Overcollateralization Amt 37,037,069.32 Remittance Interest 4,723,857.88 12,047,161.93 Interest Due Trust 4,723,857.88 Total Fees 264,224.58 Reimbursement Amt Class II-A Policy - InterestClass II-A Policy - PrincipalOther Total Reimbursement Amt Rolling 3-Month Delinquency % 0.07 0 Total LPMI Fees 0.000.000.00 0.00 Less Extraordinary Trust Expense 0.00 Master Servicing Fees 63.83 0.00 Page 5 of 23 31-Aug-2005 - 09:12 (W547- W575,W706) (c) 2005 LaSalle Bank N.A. SACO I TRUST 2005-5 Payment Date:Prior Payment:Next Payment:Record Date: 31-Aug-0525-Aug-05 N/A 26-Sep-05 24-Aug-05 Mortgage Pass-Through Certificates, Series 2005-5 ABN AMRO Acct: 722835.1 Revised Date: Cash Reconciliation Summary Group II HELOCs Interest Summary Available Interest 1,010,641.40 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 864,163.10 81,897.42 2,586,902.97 0.000.000.00 4,543,604.89 Pool Balance Summary Beginning PoolScheduled Principal DistributionUnscheduled Principal DistributionDeferred InterestLiquidationsRepurchasesEnding Pool Balance/Amount Count 163,413,105.53 864,163.10 2,668,800.39 0.000.000.00 159,880,142.04 3,281 59 00 3,222 39,574.50 Trigger Event No 3,532,963.49 Overcollateralization Amt 37,037,069.32 Remittance Interest 1,010,641.40 2,668,800.39 Interest Due Trust 1,010,641.40 Total Fees 39,574.50 Reimbursement Amt Class II-A Policy - InterestClass II-A Policy - PrincipalOther Total Reimbursement Amt Rolling 3-Month Delinquency % 0.07 0 Total LPMI Fees 0.000.000.00 0.00 Less Extraordinary Trust Expense 0.00 Master Servicing Fees 0.000.00 Page 6 of 23 31-Aug-2005 - 09:12 (W547- W575,W706) (c) 2005 LaSalle Bank N.A. SACO I TRUST 2005-5 Class Payment Date: Prior Payment:Next Payment: Record Date: 31-Aug-0525-Aug-05 N/A 26-Sep-05 24-Aug-05 Mortgage Pass-Through Certificates, Series 2005-5 ABN AMRO Acct: 722835.1 Bond Interest Reconciliation Additions Accrual Method Days Revised Date: Accrued Certificate Interest Prior Int Carry-Fwd Shortfall Prior Shortfall Reimbursement Other Interest Proceeds Other InterestLosses Current Int Carry-Fwd Shortfall Remaining Int Carry-Fwd Shortfall Net Cap Rate in Effect Y/N Distributable Certificate Interest Interest Payment Amount Deductions Outstanding Deposits from YM Agreement Remaining Basis Risk Carry-Fwd Shortfall Current Basis Risk Carry-Fwd Shortfall 0.00 27 1,095,081.38 1,095,081.38 Act/360 0.00 1,095,081.38 0.00 0.00 0.00 0.00 No I-A 0.00 0.00 0.00 0.00 27 169,279.74 169,279.74 Act/360 0.00 169,279.74 0.00 0.00 0.00 0.00 No I-M-1 0.00 0.00 0.00 0.00 27 37,708.35 37,708.35 Act/360 0.00 37,708.35 0.00 0.00 0.00 0.00 No I-M-2 0.00 0.00 0.00 0.00 27 40,399.16 40,399.16 Act/360 0.00 40,399.16 0.00 0.00 0.00 0.00 No I-M-3 0.00 0.00 0.00 0.00 27 33,775.59 33,775.59 Act/360 0.00 33,775.59 0.00 0.00 0.00 0.00 No I-M-4 0.00 0.00 0.00 0.00 27 28,714.30 28,714.30 Act/360 0.00 28,714.30 0.00 0.00 0.00 0.00 No I-M-5 0.00 0.00 0.00 0.00 27 36,197.01 36,197.01 Act/360 0.00 36,197.01 0.00 0.00 0.00 0.00 No I-B-1 0.00 0.00 0.00 0.00 27 30,800.55 30,800.55 Act/360 0.00 30,800.55 0.00 0.00 0.00 0.00 No I-B-2 0.00 0.00 0.00 0.00 27 28,054.19 28,054.19 Act/360 0.00 28,054.19 0.00 0.00 0.00 0.00 No I-B-3 0.00 0.00 0.00 0.00 27 74,679.05 74,679.05 Act/360 0.00 74,679.05 0.00 0.00 0.00 0.00 No I-B-4 0.00 0.00 0.00 0.00 27 2,903,725.88 2,903,725.88 30/360 0.00 2,878,541.20 0.00 0.00 0.00 0.00 Yes I-C 0.00 0.00 0.00 0.00 27 362,389.17 362,389.17 Act/360 0.00 362,389.17 0.00 0.00 0.00 0.00 No II-A 0.00 0.00 0.00 0.00 27 17,083.14 17,083.14 Act/360 0.00 17,083.14 0.00 0.00 0.00 0.00 No II-M-1 0.00 0.00 0.00 0.00 27 15,288.42 15,288.42 Act/360 0.00 15,288.42 0.00 0.00 0.00 0.00 No II-M-2 0.00 0.00 0.00 0.00 27 9,892.53 9,892.53 Act/360 0.00 9,892.53 0.00 0.00 0.00 0.00 No II-M-3 0.00 0.00 0.00 0.00 27 9,094.80 9,094.80 Act/360 0.00 9,094.80 0.00 0.00 0.00 0.00 No II-M-4 0.00 0.00 0.00 0.00 27 8,508.57 8,508.57 Act/360 0.00 8,508.57 0.00 0.00 0.00 0.00 No II-M-5 0.00 0.00 0.00 0.00 27 8,339.90 8,339.90 Act/360 0.00 8,339.90 0.00 0.00 0.00 0.00 No II-M-6 0.00 0.00 0.00 0.00 27 7,492.70 7,492.70 Act/360 0.00 7,492.70 0.00 0.00 0.00 0.00 No II-M-7 0.00 0.00 0.00 0.00 27 7,633.19 7,633.19 Act/360 0.00 7,633.19 0.00 0.00 0.00 0.00 No II-M-8 0.00 0.00 0.00 0.00 27 7,218.20 7,218.20 Act/360 0.00 7,218.20 0.00 0.00 0.00 0.00 No II-M-9 0.00 0.00 0.00 0.00 27 7,554.36 7,554.36 Act/360 0.00 7,554.36 0.00 0.00 0.00 0.00 No II-B-1 0.00 0.00 0.00 0.00 27 7,559.23 7,559.23 Act/360 0.00 7,559.23 0.00 0.00 0.00 0.00 No II-B-2 0.00 0.00 0.00 0.00 27 542,587.18 542,587.18 30/360 0.00 542,587.18 0.00 0.00 0.00 0.00 No II-E 0.00 0.00 0.00 0.00 0.00 0.00 5,463,871.91 5,489,056.59 5,489,056.59 0.00 0.00 0.00 0.00 0.00 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. 31-Aug-2005 - 09:12 (W547- W575,W706) (c) 2005 LaSalle Bank N.A. Page 7 of 23 (1) Other Interest Proceeds are additional interest amounts specifically allocated to the bond(s) and used in determining the bonds Distributable Interest. SACO I TRUST 2005-5 Payment Date: Prior Payment:Next Payment: Record Date: 31-Aug-0525-Aug-05 N/A 26-Sep-05 24-Aug-05 Mortgage Pass-Through Certificates, Series 2005-5 ABN AMRO Acct: 722835.1 Bond Principal Reconciliation Credit Support Original Current(4) Revised Date: Beginning Class Balance Unscheduled PrincipalPayment Extra Principal Payment Amt Prior Loss Reimburs. Rated Final Maturity Class Current Losses Original Class Balance Scheduled PrincipalPayment Ending Class Balance Cumulative Losses Interest on Losses Additions Losses 3.001.00 I-A 24.58% 25.18% 8/25/2035 379,087,052.38 0.00 0.00 391,450,000.00 391,450,000.00 315,785.69 0.00 0.00 0.00 12,047,161.93 I-M-1 13.68% 14.01% 8/25/2035 56,568,000.00 0.00 0.00 56,568,000.00 56,568,000.00 0.00 0.00 0.00 0.00 0.00 I-M-2 11.28% 11.56% 8/25/2035 12,445,000.00 0.00 0.00 12,445,000.00 12,445,000.00 0.00 0.00 0.00 0.00 0.00 I-M-3 8.77% 8.99% 8/25/2035 13,011,000.00 0.00 0.00 13,011,000.00 13,011,000.00 0.00 0.00 0.00 0.00 0.00 I-M-4 6.70% 6.87% 8/25/2035 10,748,000.00 0.00 0.00 10,748,000.00 10,748,000.00 0.00 0.00 0.00 0.00 0.00 I-M-5 4.96% 5.08% 8/25/2035 9,051,000.00 0.00 0.00 9,051,000.00 9,051,000.00 0.00 0.00 0.00 0.00 0.00 I-B-1 3.00% 3.07% 8/25/2035 10,182,000.00 0.00 0.00 10,182,000.00 10,182,000.00 0.00 0.00 0.00 0.00 0.00 I-B-2 1.36% 1.40% 8/25/2035 8,485,000.00 0.00 0.00 8,485,000.00 8,485,000.00 0.00 0.00 0.00 0.00 0.00 I-B-3 0.00% 0.00% 8/25/2035 7,071,000.00 0.00 0.00 7,071,000.00 7,071,000.00 0.00 0.00 0.00 0.00 0.00 I-B-4 0.00% 0.00% 8/25/2035 13,294,000.00 0.00 0.00 13,294,000.00 13,294,000.00 0.00 0.00 0.00 0.00 0.00 I-C NA NA 8/25/2035 553,318,016.19 0.00 0.00 565,680,964.00 565,680,964.00 0.00 0.00 0.00 0.00 0.00 II-A 19.13% 19.56% 8/25/2035 125,661,036.51 0.00 0.00 129,194,000.00 129,194,000.00 864,163.10 0.00 0.00 0.00 2,668,800.39 II-M-1 15.60% 15.95% 8/25/2035 5,638,000.00 0.00 0.00 5,638,000.00 5,638,000.00 0.00 0.00 0.00 0.00 0.00 II-M-2 12.48% 12.76% 8/25/2035 4,984,000.00 0.00 0.00 4,984,000.00 4,984,000.00 0.00 0.00 0.00 0.00 0.00 II-M-3 10.49% 10.72% 8/25/2035 3,186,000.00 0.00 0.00 3,186,000.00 3,186,000.00 0.00 0.00 0.00 0.00 0.00 II-M-4 8.69% 8.89% 8/25/2035 2,860,000.00 0.00 0.00 2,860,000.00 2,860,000.00 0.00 0.00 0.00 0.00 0.00 II-M-5 7.06% 7.22% 8/25/2035 2,614,000.00 0.00 0.00 2,614,000.00 2,614,000.00 0.00 0.00 0.00 0.00 0.00 II-M-6 5.47% 5.60% 8/25/2035 2,533,000.00 0.00 0.00 2,533,000.00 2,533,000.00 0.00 0.00 0.00 0.00 0.00 II-M-7 4.19% 4.29% 8/25/2035 2,043,000.00 0.00 0.00 2,043,000.00 2,043,000.00 0.00 0.00 0.00 0.00 0.00 II-M-8 2.97% 3.03% 8/25/2035 1,961,000.00 0.00 0.00 1,961,000.00 1,961,000.00 0.00 0.00 0.00 0.00 0.00 II-M-9 1.94% 1.99% 8/25/2035 1,634,000.00 0.00 0.00 1,634,000.00 1,634,000.00 0.00 0.00 0.00 0.00 0.00 II-B-1 0.97% 0.99% 8/25/2035 1,552,000.00 0.00 0.00 1,552,000.00 1,552,000.00 0.00 0.00 0.00 0.00 0.00 II-B-2 0.00% 0.00% 8/25/2035 1,553,000.00 0.00 0.00 1,553,000.00 1,553,000.00 0.00 0.00 0.00 0.00 0.00 II-E NA NA 8/25/2035 159,880,142.04 0.00 0.00 163,413,106.00 163,413,106.00 0.00 0.00 0.00 0.00 0.00 31-Aug-2005 - 09:12 (W547- W575,W706) (c) 2005 LaSalle Bank N.A. Page 8 of 23 (1) Extra Principal Amounts: the lessor of (i) the excess, if any, of the overcollateralization Target Amount over the Overcollateralization Amount. SACO I TRUST 2005-5 Payment Date: Prior Payment:Next Payment: Record Date: 31-Aug-0525-Aug-05 N/A 26-Sep-05 24-Aug-05 Mortgage Pass-Through Certificates, Series 2005-5 ABN AMRO Acct: 722835.1 Bond Principal Reconciliation Credit Support Original Current(4) Revised Date: Beginning Class Balance Unscheduled PrincipalPayment Extra Principal Payment Amt Prior Loss Reimburs. Rated Final Maturity Class Current Losses Original Class Balance Scheduled PrincipalPayment Ending Class Balance Cumulative Losses Interest on Losses Additions Losses 3.00 24.00 0.00 0.00 0.00 1,179,948.79 0.00 14,715,962.32 0.00 692,057,000.00 676,161,088.89 692,057,000.00 31-Aug-2005 - 09:12 (W547- W575,W706) (c) 2005 LaSalle Bank N.A. Page 9 of 23 (1) Extra Principal Amounts: the lessor of (i) the excess, if any, of the overcollateralization Target Amount over the Overcollateralization Amount. SACO I TRUST 2005-5 Payment Date:Prior Payment:Next Payment:Record Date: 31-Aug-0525-Aug-05 N/A 26-Sep-05 24-Aug-05 Mortgage Pass-Through Certificates, Series 2005-5 ABN AMRO Acct: 722835.1 Interest Adjustments Summary Revised Date: 0.00 0.00 0.00 0.00 Special Servicing Fees Workout Fees Liquidation Fees Legal Fees 0.00 0.00 Misc. Fees & Expenses Paid by/to Servicer Interest Paid to Servicer on Outstanding Advances 0.00 0.00 ASER Interest Advance Reduction Interest Not Advanced (Current Period) Recoup of Prior Advances by Servicer 0.00 0.00 Servicing Fees Paid Servicer on Loans Not Advanced Misc. Fees & Expenses Paid by Trust 0.00 0.00 0.00 Shortfall Due to Rate Modification Total Shortfall Allocated to the Bonds Total Interest Adjustment to the Bonds 0.00 Shortfall Allocated to the Bonds: Excess Allocated to the Bonds: Other Interest Proceeds Due the Bonds Yield Maintenance Penalties Due the Bonds Prepayment Penalties Due the Bonds Recovered ASER Interest Due the Bonds Recovered Interest Due the Bonds Less Total Shortfall Allocated to the Bonds Total Excess Allocated to the Bonds 25,184.68 25,184.68 Total Excess Allocated to the Bonds 25,184.68 0.00 Aggregate Interest Adjustment Allocated to the Bonds 0.00 25,184.68 0.00 0.00 Prepayment Interest Excess Due the Bonds 0.00 ARD Excess Interest 0.00 0.00 0.00 Net Prepayment Int. Shortfalls Allocated to the Bonds Other Interest Loss Interest Income 0.00 Page 10 of 23 31-Aug-2005 - 09:12 (W547- W575,W706) (c) 2005 LaSalle Bank N.A. SACO I TRUST 2005-5 Payment Date:Prior Payment:Next Payment:Record Date: 31-Aug-0525-Aug-05 N/A 26-Sep-05 24-Aug-05 Mortgage Pass-Through Certificates, Series 2005-5 ABN AMRO Acct: 722835.1 SWAP Payments Revised Date: Net Swap payment payable to the Swap Provider Net Swap payment payable to the Swap Administrator Swap Termination payment payable to the Swap Administrator Swap Termination payment payable to the Swap Provider 0.00 245,442.68 0.00 0.00 Page 11 of 23 31-Aug-2005 - 09:12 (W547- W575,W706) (c) 2005 LaSalle Bank N.A. SACO I TRUST 2005-5 Payment Date:Prior Payment:Next Payment:Record Date: 31-Aug-0525-Aug-05 N/A 26-Sep-05 24-Aug-05 Mortgage Pass-Through Certificates, Series 2005-5 ABN AMRO Acct: 722835.1 Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I Distribution Date REO # Balance Revised Date: Foreclosure Delinq 3+ Months Delinq 2 Months Delinq 1 Month Current # Balance # Balance # Balance # Balance # Balance Delinquency Aging Categories 0.75% 0.64% 0.04% 0.05% 3 0.02% 142,116 0.02% 0.00% 0.00% 0.00% 0.00% 25-Aug-05 117 4,579,988 6 339,236 0 0 0 0 15,517 708,136,818 99.19% 99.29% Page 12 of 23 31-Aug-2005 - 09:12 (W547- W575,W706) (c) 2005 LaSalle Bank N.A. SACO I TRUST 2005-5 Payment Date:Prior Payment:Next Payment:Record Date: 31-Aug-0525-Aug-05 N/A 26-Sep-05 24-Aug-05 Mortgage Pass-Through Certificates, Series 2005-5 ABN AMRO Acct: 722835.1 Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I Distribution Date REO # Balance Revised Date: Foreclosure Delinq 3+ Months Delinq 2 Months Delinq 1 Month Current # Balance # Balance # Balance # Balance # Balance Delinquency Aging Categories Group I Loans 0.76% 0.64% 0.01% 0.01% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 25-Aug-05 95 3,538,841 1 71,871 0 0 0 0 12,437 549,707,304 99.23% 99.35% Page 13 of 23 31-Aug-2005 - 09:12 (W547- W575,W706) (c) 2005 LaSalle Bank N.A. SACO I TRUST 2005-5 Payment Date:Prior Payment:Next Payment:Record Date: 31-Aug-0525-Aug-05 N/A 26-Sep-05 24-Aug-05 Mortgage Pass-Through Certificates, Series 2005-5 ABN AMRO Acct: 722835.1 Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I Distribution Date REO # Balance Revised Date: Foreclosure Delinq 3+ Months Delinq 2 Months Delinq 1 Month Current # Balance # Balance # Balance # Balance # Balance Delinquency Aging Categories Group II HELOCs 0.68% 0.65% 0.16% 0.17% 3 0.09% 142,116 0.09% 0.00% 0.00% 0.00% 0.00% 25-Aug-05 22 1,041,147 5 267,365 0 0 0 0 3,192 158,429,514 99.07% 99.09% Page 14 of 23 31-Aug-2005 - 09:12 (W547- W575,W706) (c) 2005 LaSalle Bank N.A. SACO I TRUST 2005-5 Payment Date:Prior Payment:Next Payment:Record Date: 31-Aug-0525-Aug-05 N/A 26-Sep-05 24-Aug-05 Mortgage Pass-Through Certificates, Series 2005-5 ABN AMRO Acct: 722835.1 Distribution Date Revised Date: Current 31 - 60 Days 61 - 90 Days 90 + Days # Balance # Balance # Balance # Balance Current 31 - 60 Days 61 - 90 Days 90 + Days # Balance # Balance # Balance # Balance In Foreclosure and Delinquent In Bankruptcy and Delinquent In REO and Delinquent Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II Current # # # 31 - 60 Days 61 - 90 Days 90 + Days # Balance Balance Balance Balance 25-Aug-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 Page 15 of 23 31-Aug-2005 - 09:12 (W547- W575,W706) (c) 2005 LaSalle Bank N.A. SACO I TRUST 2005-5 Payment Date:Prior Payment:Next Payment:Record Date: 31-Aug-0525-Aug-05 N/A 26-Sep-05 24-Aug-05 Mortgage Pass-Through Certificates, Series 2005-5 ABN AMRO Acct: 722835.1 Distribution Date Revised Date: Current 31 - 60 Days 61 - 90 Days 90 + Days # Balance # Balance # Balance # Balance Current 31 - 60 Days 61 - 90 Days 90 + Days # Balance # Balance # Balance # Balance In Foreclosure and Delinquent In Bankruptcy and Delinquent In REO and Delinquent Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Group I Loans Current # # # 31 - 60 Days 61 - 90 Days 90 + Days # Balance Balance Balance Balance 25-Aug-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 Page 16 of 23 31-Aug-2005 - 09:12 (W547- W575,W706) (c) 2005 LaSalle Bank N.A. SACO I TRUST 2005-5 Payment Date:Prior Payment:Next Payment:Record Date: 31-Aug-0525-Aug-05 N/A 26-Sep-05 24-Aug-05 Mortgage Pass-Through Certificates, Series 2005-5 ABN AMRO Acct: 722835.1 Distribution Date Revised Date: Current 31 - 60 Days 61 - 90 Days 90 + Days # Balance # Balance # Balance # Balance Current 31 - 60 Days 61 - 90 Days 90 + Days # Balance # Balance # Balance # Balance In Foreclosure and Delinquent In Bankruptcy and Delinquent In REO and Delinquent Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Group II HELOCs Current # # # 31 - 60 Days 61 - 90 Days 90 + Days # Balance Balance Balance Balance 25-Aug-05 0 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 0 0 0 0 0 0 0 0 0 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0 Page 17 of 23 31-Aug-2005 - 09:12 (W547- W575,W706) (c) 2005 LaSalle Bank N.A. SACO I TRUST 2005-5 Payment Date:Prior Payment:Next Payment:Record Date: 31-Aug-0525-Aug-05 N/A 26-Sep-05 24-Aug-05 Mortgage Pass-Through Certificates, Series 2005-5 Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary Distribution Date Ending Pool (1) Payoffs(2) Penalties Appraisal Reduct. (2) Liquidations (2) Realized Losses (2) Remaining Term Curr Weighted Avg. # Balance # Balance # Amount # Balance # Balance # Amount Life Coupon Remit Revised Date: Amort ABN AMRO Acct: 722835.1 25-Aug-05 15,643 97.62% 713,198,158 97.82% 1.68% 1.99% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 225 333 9.90% 9.38% 28 29,735 267 14,520,049 (1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period. Page 18 of 23 31-Aug-2005 - 09:12 (W547- W575,W706) (c) 2005 LaSalle Bank N.A. SACO I TRUST 2005-5 Payment Date:Prior Payment:Next Payment:Record Date: 31-Aug-0525-Aug-05 N/A 26-Sep-05 24-Aug-05 Mortgage Pass-Through Certificates, Series 2005-5 Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary Distribution Date Ending Pool (1) Payoffs(2) Penalties Appraisal Reduct. (2) Liquidations (2) Realized Losses (2) Remaining Term Curr Weighted Avg. # Balance # Balance # Amount # Balance # Balance # Amount Life Coupon Remit Revised Date: Group I Loans Amort ABN AMRO Acct: 722835.1 25-Aug-05 12,533 78.21% 553,318,016 75.89% 1.66% 2.11% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 209 341 10.53% 10.01% 15 25,185 211 11,933,146 (1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period. Page 19 of 23 31-Aug-2005 - 09:12 (W547- W575,W706) (c) 2005 LaSalle Bank N.A. SACO I TRUST 2005-5 Payment Date:Prior Payment:Next Payment:Record Date: 31-Aug-0525-Aug-05 N/A 26-Sep-05 24-Aug-05 Mortgage Pass-Through Certificates, Series 2005-5 Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary Distribution Date Ending Pool (1) Payoffs(2) Penalties Appraisal Reduct. (2) Liquidations (2) Realized Losses (2) Remaining Term Curr Weighted Avg. # Balance # Balance # Amount # Balance # Balance # Amount Life Coupon Remit Revised Date: Group II HELOCs Amort ABN AMRO Acct: 722835.1 25-Aug-05 3,222 20.11% 159,880,142 21.93% 1.80% 1.58% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 279 305 7.71% 7.20% 13 0 59 2,586,903 (1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period. Page 20 of 23 31-Aug-2005 - 09:12 (W547- W575,W706) (c) 2005 LaSalle Bank N.A. SACO I TRUST 2005-5 Payment Date:Prior Payment:Next Payment:Record Date: 31-Aug-0525-Aug-05 N/A 26-Sep-05 24-Aug-05 Mortgage Pass-Through Certificates, Series 2005-5 ABN AMRO Acct: 722835.1 Realized Loss Detail Period Disclosure Control # Appraisal Date Appraisal Value Beginning Scheduled Balance Gross Proceeds Gross Proceeds as a % of Sched. Balance Aggregate LiquidationExpenses * Net Liquidation Proceeds Net Proceeds as a % of Sched. Balance Realized Loss Revised Date: Current Total Cumulative 31-Aug-2005 - 09:12 (W547- W575,W706) (c) 2005 LaSalle Bank N.A. Page 21 of 23 * Aggregate liquidation expenses also include outstanding P&I advances and unpaid servicing fees, unpaid trustee fees, etc.. SACO I TRUST 2005-5 Payment Date:Prior Payment:Next Payment:Record Date: 31-Aug-0525-Aug-05 N/A 26-Sep-05 24-Aug-05 Mortgage Pass-Through Certificates, Series 2005-5 ABN AMRO Acct: 722835.1 Realized Loss Detail Period Disclosure Control # Appraisal Date Appraisal Value Beginning Scheduled Balance Gross Proceeds Gross Proceeds as a % of Sched. Balance Aggregate LiquidationExpenses * Net Liquidation Proceeds Net Proceeds as a % of Sched. Balance Realized Loss Revised Date: Group I Loans Current Total Cumulative 31-Aug-2005 - 09:12 (W547- W575,W706) (c) 2005 LaSalle Bank N.A. Page 22 of 23 * Aggregate liquidation expenses also include outstanding P&I advances and unpaid servicing fees, unpaid trustee fees, etc.. SACO I TRUST 2005-5 Payment Date:Prior Payment:Next Payment:Record Date: 31-Aug-0525-Aug-05 N/A 26-Sep-05 24-Aug-05 Mortgage Pass-Through Certificates, Series 2005-5 ABN AMRO Acct: 722835.1 Realized Loss Detail Period Disclosure Control # Appraisal Date Appraisal Value Beginning Scheduled Balance Gross Proceeds Gross Proceeds as a % of Sched. Balance Aggregate LiquidationExpenses * Net Liquidation Proceeds Net Proceeds as a % of Sched. Balance Realized Loss Revised Date: Group II HELOCs Current Total Cumulative 31-Aug-2005 - 09:12 (W547- W575,W706) (c) 2005 LaSalle Bank N.A. Page 23 of 23 * Aggregate liquidation expenses also include outstanding P&I advances and unpaid servicing fees, unpaid trustee fees, etc..

SACO I TRUST 2005-5

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

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:

Amanda Hellyer 312.904.6299
amanda.hellyer@abnamro.com

Analyst:

Brandon Pankey 714.259.6205
brandon.pankey@abnamro.com

Statement Date:

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

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

Shortfall Summary Report

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

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

Page 2-3
Page 4-6
Page 7
Page 8-9

Page 10

Page 11
Page 12-14

Page 15-17
Page 18-20

Page 21-23

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

SACO0505

SACO0505_200512_3.ZIP

Closing Date:

First Payment Date:

Rated Final Payment: Date:

29-Jul-05
25-Aug-05

27-Aug-35

Parties to The Transaction

Depositor: Bear Stearns Asset Backed Securities I LLC

Underwriter: Bear Stearns & Co. Inc./Bear Stearns & Co. Inc.

Master Servicer: ABN AMRO LaSalle Bank N.A.

Rating Agency: Moody's Investors Service, Inc./Fitch Ratings

800.246.5761

LaSalle Factor Line

LaSalle Web Site

Servicer Web Site

www.etrustee.net

Page 1 of 23

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:

9.694030%

4.193750%
4.378750%

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

SACO I TRUST 2005-5

Mortgage Pass-Through Certificates, Series 2005-5

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

222

Bond Payments

Statement Date:

ABN AMRO Acct: 722835.1

873.835183216

42.640198237

0.000000000

831.194984979

3.443881543

4.6187500000%

0.00

0.000000000

4.4337500000%

0.000000000

785778FY2

I-A

391,450,000.00

16,691,505.60

0.00

325,371,276.87

1,348,107.43

342,062,782.47

1000.000000000

0.000000000

1000.000000000

4.172222281

4.8787500000%

0.00

0.000000000

4.6937500000%

0.000000000

785778FZ9

I-M-1

56,568,000.00

0.00

56,568,000.00

236,014.27

56,568,000.00

1000.000000000

0.000000000

1000.000000000

4.216666935

4.9287500000%

0.00

0.000000000

4.7437500000%

0.000000000

785778GA3

I-M-2

12,445,000.00

0.00

12,445,000.00

52,476.42

12,445,000.00

1000.000000000

0.000000000

1000.000000000

4.305555299

5.0287500000%

0.00

0.000000000

4.8437500000%

0.000000000

785778GB1

I-M-3

13,011,000.00

0.00

13,011,000.00

56,019.58

13,011,000.00

1000.000000000

0.000000000

1000.000000000

4.350000000

5.0787500000%

0.00

0.000000000

4.8937500000%

0.000000000

785778GC9

I-M-4

10,748,000.00

0.00

10,748,000.00

46,753.80

10,748,000.00

1000.000000000

0.000000000

1000.000000000

4.385555187

5.1187500000%

0.00

0.000000000

4.9337500000%

0.000000000

785778GD7

I-M-5

9,051,000.00

0.00

9,051,000.00

39,693.66

9,051,000.00

1000.000000000

0.000000000

1000.000000000

4.838889216

5.6287500000%

0.00

0.000000000

5.4437500000%

0.000000000

785778GE5

I-B-1

10,182,000.00

0.00

10,182,000.00

49,269.57

10,182,000.00

1000.000000000

0.000000000

1000.000000000

4.927777254

5.7287500000%

0.00

0.000000000

5.5437500000%

0.000000000

785778GF2

I-B-2

8,485,000.00

0.00

8,485,000.00

41,812.19

8,485,000.00

1000.000000000

0.000000000

1000.000000000

5.327778249

6.1787500000%

0.00

0.000000000

5.9937500000%

0.000000000

785778GG0

I-B-3

7,071,000.00

0.00

7,071,000.00

37,672.72

7,071,000.00

1000.000000000

0.000000000

1000.000000000

7.283333083

8.3787500000%

0.00

0.000000000

8.1937500000%

0.000000000

785778GH8

I-B-4

13,294,000.00

0.00

13,294,000.00

96,824.63

13,294,000.00

912.694220129

0.000000000

883.187295410

4.103174276

0.00

93,032.78

0.164461571

N/A

0.000000000

785778HA2

I-C

565,680,964.00

0.00

499,602,240.66

2,321,087.58

516,293,746.28

781.117498181

68.946769045

0.000000000

712.170729136

3.085414106

4.6287500000%

0.00

0.000000000

4.4437500000%

0.000000000

785778GJ4

II-A

129,194,000.00

8,907,508.88

0.00

92,008,185.18

398,616.99

100,915,694.06

1000.000000000

0.000000000

1000.000000000

4.216667258

4.9287500000%

0.00

0.000000000

4.7437500000%

0.000000000

785778GK1

II-M-1

5,638,000.00

0.00

5,638,000.00

23,773.57

5,638,000.00

1000.000000000

0.000000000

1000.000000000

4.261111557

4.9787500000%

0.00

0.000000000

4.7937500000%

0.000000000

785778GL9

II-M-2

4,984,000.00

0.00

4,984,000.00

21,237.38

4,984,000.00

1000.000000000

0.000000000

1000.000000000

4.305555556

5.0287500000%

0.00

0.000000000

4.8437500000%

0.000000000

785778GM7

II-M-3

3,186,000.00

0.00

3,186,000.00

13,717.50

3,186,000.00

1000.000000000

0.000000000

1000.000000000

4.394444056

5.1287500000%

0.00

0.000000000

4.9437500000%

0.000000000

785778GN5

II-M-4

2,860,000.00

0.00

2,860,000.00

12,568.11

2,860,000.00

1000.000000000

0.000000000

1000.000000000

4.483332058

5.2287500000%

0.00

0.000000000

5.0437500000%

0.000000000

785778GP0

II-M-5

2,614,000.00

0.00

2,614,000.00

11,719.43

2,614,000.00

Page 2 of 23

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:

9.694030%

4.193750%
4.378750%

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

SACO I TRUST 2005-5

Mortgage Pass-Through Certificates, Series 2005-5

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

222

Bond Payments

Statement Date:

ABN AMRO Acct: 722835.1

1000.000000000

0.000000000

1000.000000000

4.527777339

5.2787500000%

0.00

0.000000000

5.0937500000%

0.000000000

785778GQ8

II-M-6

2,533,000.00

0.00

2,533,000.00

11,468.86

2,533,000.00

1000.000000000

0.000000000

1000.000000000

4.972222222

5.7787500000%

0.00

0.000000000

5.5937500000%

0.000000000

785778GR6

II-M-7

2,043,000.00

0.00

2,043,000.00

10,158.25

2,043,000.00

1000.000000000

0.000000000

1000.000000000

5.238888322

6.0787500000%

0.00

0.000000000

5.8937500000%

0.000000000

785778GS4

II-M-8

1,961,000.00

0.00

1,961,000.00

10,273.46

1,961,000.00

1000.000000000

0.000000000

1000.000000000

5.861113831

6.7787500000%

0.00

0.000000000

6.5937500000%

0.000000000

785778GT2

II-M-9

1,634,000.00

0.00

1,634,000.00

9,577.06

1,634,000.00

1000.000000000

0.000000000

1000.000000000

6.394445876

7.3787500000%

0.00

1,295.60

0.834793814

6.2546118404%

0.000000000

785778GU9

II-B-1

1,552,000.00

0.00

1,552,000.00

9,924.18

1,552,000.00

1000.000000000

0.000000000

1000.000000000

6.394443014

7.3787500000%

0.00

1,296.43

0.834790728

6.2546118404%

0.000000000

785778GV7

II-B-2

1,553,000.00

0.00

1,553,000.00

9,930.57

1,553,000.00

826.952029050

0.000000000

772.442882886

1.274913042

0.00

0.000000000

N/A

0.000000000

785778HC8

II-E

163,413,106.00

0.00

126,227,290.70

208,337.50

135,134,799.58

0.000000000

0.00

0.000000000

N/A

0.000000000

785778HB0

II-S

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

785778GW5

I-R-1

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

785778GX3

I-R-2

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

785778GY1

I-R-3

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

785778GZ8

I-RX

0.00

Total P&I Payment

0.00

95,624.81

692,057,000.00

614,391,476.53

30,676,049.19

Total

588,792,462.05

25,599,014.48

0.00

5,077,034.71

Page 3 of 23

SACO I TRUST 2005-5

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

Statement Date:

Cash Reconciliation Summary

Interest Summary

Available Interest

5,169,494.39

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

284,933.32

)

(604,364.41

24,679,923.50

)

(1,732.95

1,147,795.34

0.00

30,676,049.19

Pool Balance Summary

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

Balance/Amount

Count

651,428,545.86

284,933.32

24,075,559.09

0.00

90,726.75

1,147,795.34

625,829,531.36

14,535

453

14,055

280,698.73

Overcollateralization Increase Amt

Trigger Event

0.00

25,506,554.80

Overcollateralization Amt

0.00

Less OC Increase Amount

Remittance Interest

0.00

5,169,494.39

25,221,621.48

Interest Due Trust

5,169,494.39

Total Fees

280,698.73

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal

Other

Rolling 3-Month Delinquency

2.28

Total LPMI Fees

0.00

Less Extraordinary Trust Expense

0.00

Master Servicing Fees

0.00
0.00

Trustee Fees

0.00

Total Reimbursement Amt

Page 4 of 23

SACO I TRUST 2005-5

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

Statement Date:

Cash Reconciliation Summary Group I Loans

Interest Summary

Available Interest

4,418,191.53

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

284,524.33

114,702.41

15,053,756.79

)

(1,732.95

1,147,795.34

0.00

21,017,237.45

Pool Balance Summary

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

Balance/Amount

Count

516,293,746.28

284,524.33

15,168,459.20

0.00

90,726.75

1,147,795.34

499,602,240.66

11,848

278

11,544

222,477.58

Trigger Event

16,599,045.92

Overcollateralization Amt

0.00

Remittance Interest

4,418,191.53

16,314,521.59

Interest Due Trust

4,418,191.53

Total Fees

222,477.58

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal

Other

Rolling 3-Month Delinquency

2.28

Total LPMI Fees

0.00

Less Extraordinary Trust Expense

0.00

Master Servicing Fees

0.00
0.00

Trustee Fees

0.00

Total Reimbursement Amt

Page 5 of 23

SACO I TRUST 2005-5

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

Statement Date:

Cash Reconciliation Summary Group II HELOCs

Interest Summary

Available Interest

751,302.86

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

408.99

)

(719,066.82

9,626,166.71

0.00
0.00
0.00

9,658,811.74

Pool Balance Summary

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

Balance/Amount

Count

135,134,799.58

408.99

8,907,099.89

0.00
0.00
0.00

126,227,290.70

2,687

175

0
0

2,511

58,221.15

Trigger Event

8,907,508.88

Overcollateralization Amt

0.00

Remittance Interest

751,302.86

8,907,099.89

Interest Due Trust

751,302.86

Total Fees

58,221.15

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal

Other

Rolling 3-Month Delinquency

2.28

Total LPMI Fees

0.00

Less Extraordinary Trust Expense

0.00

Master Servicing Fees

0.00
0.00

Trustee Fees

0.00

Total Reimbursement Amt

Page 6 of 23

SACO I TRUST 2005-5

Class

Payment Date:

Prior Payment:
Next Payment:

Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

Bond Interest Reconciliation

Additions

Accrual

Method Days

Statement Date:

Accrued

Certificate

Interest

Prior

Int Carry-Fwd

Shortfall

Prior

Shortfall

Reimbursement

Other

Interest

Proceeds

Other

Interest
Losses

Current

Int Carry-Fwd

Shortfall

Remaining

Int Carry-Fwd

Shortfall

Net Cap Rate

in Effect

Y/N

Distributable

Certificate

Interest

Payment

Amount

Deductions

Outstanding

Deposits from YM

Agreement

Remaining Basis Risk

Carry-Fwd Shortfall

Current Basis Risk

Carry-Fwd Shortfall

0.00

1,348,107.43

Act/360

0.00

1,348,107.43

0.00

I-A

0.00

236,014.27

Act/360

0.00

236,014.27

0.00

I-M-1

0.00

52,476.42

Act/360

0.00

52,476.42

0.00

I-M-2

0.00

56,019.58

Act/360

0.00

56,019.58

0.00

I-M-3

0.00

46,753.80

Act/360

0.00

46,753.80

0.00

I-M-4

0.00

39,693.66

Act/360

0.00

39,693.66

0.00

I-M-5

0.00

49,269.57

Act/360

0.00

49,269.57

0.00

I-B-1

0.00

41,812.19

Act/360

0.00

41,812.19

0.00

I-B-2

0.00

37,672.72

Act/360

0.00

37,672.72

0.00

I-B-3

0.00

96,824.63

Act/360

0.00

96,824.63

0.00

I-B-4

0.00

2,316,076.68

2,321,087.58

30/360

0.00

2,228,054.80

0.00

Yes

I-C

0.00

398,616.99

Act/360

0.00

398,616.99

0.00

II-A

0.00

23,773.57

Act/360

0.00

23,773.57

0.00

II-M-1

0.00

21,237.38

Act/360

0.00

21,237.38

0.00

II-M-2

0.00

13,717.50

Act/360

0.00

13,717.50

0.00

II-M-3

0.00

12,568.11

Act/360

0.00

12,568.11

0.00

II-M-4

0.00

11,719.43

Act/360

0.00

11,719.43

0.00

II-M-5

0.00

11,468.86

Act/360

0.00

11,468.86

0.00

II-M-6

0.00

10,158.25

Act/360

0.00

10,158.25

0.00

II-M-7

0.00

10,273.46

Act/360

0.00

10,273.46

0.00

II-M-8

0.00

9,577.06

Act/360

0.00

9,577.06

0.00

II-M-9

0.00

9,924.17

9,924.18

Act/360

0.00

8,628.58

0.00

Yes

II-B-1

1,295.59

0.00

9,930.57

Act/360

0.00

8,634.14

0.00

Yes

II-B-2

1,296.43

0.00

208,337.50

30/360

0.00

208,337.50

0.00

II-E

0.00

2,592.02

0.00

4,981,409.90

5,072,023.80

5,077,034.71

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 7 of 23

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

SACO I TRUST 2005-5

Payment Date:

Prior Payment:
Next Payment:

Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

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

3.00
1.00

I-A

24.58%

28.16%

8/25/2035

325,371,276.87

0.00

342,062,782.47

391,450,000.00

284,524.33

0.00

13,501,806.45

I-M-1

13.68%

15.67%

8/25/2035

56,568,000.00

0.00

56,568,000.00

0.00

I-M-2

11.28%

12.93%

8/25/2035

12,445,000.00

0.00

12,445,000.00

0.00

I-M-3

8.77%

10.05%

8/25/2035

13,011,000.00

0.00

13,011,000.00

0.00

I-M-4

6.70%

7.68%

8/25/2035

10,748,000.00

0.00

10,748,000.00

0.00

I-M-5

4.96%

5.68%

8/25/2035

9,051,000.00

0.00

9,051,000.00

0.00

I-B-1

3.00%

3.43%

8/25/2035

10,182,000.00

0.00

10,182,000.00

0.00

I-B-2

1.36%

1.56%

8/25/2035

8,485,000.00

0.00

8,485,000.00

0.00

I-B-3

0.00%

8/25/2035

7,071,000.00

0.00

7,071,000.00

0.00

I-B-4

0.00%

8/25/2035

13,294,000.00

0.00

13,294,000.00

0.00

I-C

8/25/2035

499,602,240.66

0.00

516,293,746.28

565,680,964.00

0.00

II-A

19.13%

24.93%

8/25/2035

92,008,185.18

0.00

100,915,694.06

129,194,000.00

0.00

II-M-1

15.60%

20.33%

8/25/2035

5,638,000.00

0.00

5,638,000.00

0.00

II-M-2

12.48%

16.27%

8/25/2035

4,984,000.00

0.00

4,984,000.00

0.00

II-M-3

10.49%

13.67%

8/25/2035

3,186,000.00

0.00

3,186,000.00

0.00

II-M-4

8.69%

11.33%

8/25/2035

2,860,000.00

0.00

2,860,000.00

0.00

II-M-5

7.06%

9.20%

8/25/2035

2,614,000.00

0.00

2,614,000.00

0.00

II-M-6

5.47%

7.13%

8/25/2035

2,533,000.00

0.00

2,533,000.00

0.00

II-M-7

4.19%

5.47%

8/25/2035

2,043,000.00

0.00

2,043,000.00

0.00

II-M-8

2.97%

3.87%

8/25/2035

1,961,000.00

0.00

1,961,000.00

0.00

II-M-9

1.94%

2.53%

8/25/2035

1,634,000.00

0.00

1,634,000.00

0.00

II-B-1

0.97%

1.27%

8/25/2035

1,552,000.00

0.00

1,552,000.00

0.00

II-B-2

0.00%

8/25/2035

1,553,000.00

0.00

1,553,000.00

0.00

II-E

8/25/2035

126,227,290.70

0.00

135,134,799.58

163,413,106.00

0.00

Page 8 of 23

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

SACO I TRUST 2005-5

Payment Date:

Prior Payment:
Next Payment:

Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

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

3.00

24.00

0.00

284,524.33

0.00

13,501,806.45

0.00

692,057,000.00

588,792,462.05

614,391,476.53

Page 9 of 23

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

SACO I TRUST 2005-5

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

Interest Adjustments Summary

Statement Date

0.00

Special Servicing Fees

Workout Fees

Liquidation Fees

Legal Fees

0.00

Misc. Fees & Expenses Paid by/to Servicer

Interest Paid to Servicer on Outstanding Advances

0.00

ASER Interest Advance Reduction

Interest Not Advanced (Current Period)

Recoup of Prior Advances by Servicer

0.00

Servicing Fees Paid Servicer on Loans Not Advanced

Misc. Fees & Expenses Paid by Trust

0.00

Shortfall Due to Rate Modification

Total Shortfall Allocated to the Bonds

Total Interest Adjustment to the Bonds

0.00

Shortfall Allocated to the Bonds:

Excess Allocated to the Bonds:

Other Interest Proceeds Due the Bonds

Yield Maintenance Penalties Due the Bonds

Prepayment Penalties Due the Bonds

Recovered ASER Interest Due the Bonds

Recovered Interest Due the Bonds

Less Total Shortfall Allocated to the Bonds

Total Excess Allocated to the Bonds

187,720.03

187,720.03

Total Excess Allocated to the Bonds

187,720.03

0.00

Aggregate Interest Adjustment Allocated to the Bonds

0.00

88,021.88

0.00

Prepayment Interest Excess Due the Bonds

0.00

ARD Excess Interest

0.00

99,698.15

Net Prepayment Int. Shortfalls Allocated to the Bonds

Other Interest Loss

Interest Income

0.00

Page 10 of 23

SACO I TRUST 2005-5

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

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

97,470.58

0.00

Page 11 of 23

SACO I TRUST 2005-5

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

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

Distribution

Date

REO

# Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

# Balance

Delinquency Aging Categories

2.01%

1.97%

1.10%

0.98%

197

1.40%

8,848,805

1.41%

0.02%

0.00%

27-Dec-05

283

12,349,749

154

6,136,249

147,339

13,418

598,347,388

95.47%

95.61%

2.19%

2.10%

0.96%

0.90%

134

0.92%

6,715,364

1.03%

0.00%

25-Nov-05

319

13,663,039

139

5,870,056

13,943

625,180,087

95.93%

95.97%

1.92%

1.88%

0.87%

0.99%

0.35%

2,131,498

0.32%

0.00%

25-Oct-05

287

12,662,528

130

6,639,305

14,478

652,072,778

96.86%

96.82%

1.81%

1.74%

0.41%

0.37%

0.05%

412,186

0.06%

0.00%

26-Sep-05

277

12,060,339

2,545,237

14,933

677,534,317

97.74%

97.83%

0.75%

0.64%

0.04%

0.05%

0.02%

142,116

0.02%

0.00%

25-Aug-05

117

4,579,988

339,236

15,517

708,136,818

99.19%

99.29%

Page 12 of 23

SACO I TRUST 2005-5

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

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

2.23%

2.14%

1.26%

1.13%

189

1.64%

8,371,725

1.68%

0.03%

0.00%

27-Dec-05

258

10,683,420

146

5,645,677

147,339

10,948

474,754,079

94.84%

95.03%

2.41%

2.23%

1.10%

1.02%

125

1.06%

6,342,993

1.23%

0.00%

25-Nov-05

286

11,522,690

130

5,276,158

11,307

493,151,905

95.43%

95.52%

2.21%

2.16%

1.02%

1.17%

0.35%

1,667,145

0.31%

0.00%

25-Oct-05

268

11,432,086

124

6,225,276

11,676

510,973,187

96.42%

96.36%

2.09%

2.07%

0.41%

0.33%

0.01%

71,838

0.01%

0.00%

26-Sep-05

257

11,244,450

1,798,272

12,011

528,963,907

97.50%

97.58%

0.76%

0.64%

0.01%

0.00%

25-Aug-05

3,538,841

71,871

12,437

549,707,304

99.23%

99.35%

Page 13 of 23

SACO I TRUST 2005-5

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

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 HELOCs

1.00%

1.32%

0.32%

0.39%

0.32%

477,080

0.38%

0.00%

27-Dec-05

1,666,329

490,573

2,470

123,593,309

98.37%

97.91%

1.23%

1.58%

0.33%

0.44%

0.33%

372,371

0.28%

0.00%

25-Nov-05

2,140,349

593,898

2,636

132,028,182

98.10%

97.70%

0.67%

0.86%

0.21%

0.29%

0.39%

464,353

0.32%

0.00%

25-Oct-05

1,230,442

414,028

2,802

141,099,591

98.73%

98.53%

0.68%

0.54%

0.41%

0.50%

0.20%

340,348

0.23%

0.00%

26-Sep-05

815,889

746,965

2,922

148,570,410

98.72%

98.74%

0.68%

0.65%

0.16%

0.17%

0.09%

142,116

0.09%

0.00%

25-Aug-05

1,041,147

267,365

3,192

158,429,514

99.07%

99.09%

Page 14 of 23

SACO I TRUST 2005-5

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

Distribution

Date

Statement Date:

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

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

356,178

587,987

147,339

842,598

0.00%

0.02%

0.10%

0.06% 0.08%

0.09% 0.15%

0.13%

0.00%

0.58%

0.46%

2,886,482

0.00%

25-Nov-05

519,739

400,118

538,774

0.00%

0.08%

0.08% 0.06%

0.06% 0.09%

0.08%

0.00%

0.59%

0.46%

3,013,503

0.00%

25-Oct-05

99,854

8,148

0.00%

0.03%

0.01% 0.00%

0.00% 0.01%

0.00%

0.21%

0.14%

949,846

0.00%

26-Sep-05

257,318

8,148

0.00%

0.03%

0.04% 0.01%

0.00% 0.00%

0.00%

0.12%

0.09%

622,798

0.00%

25-Aug-05

0.00%

0.00% 0.00%

0.00%

Page 15 of 23

SACO I TRUST 2005-5

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

Distribution

Date

Statement Date:

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

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

356,178

498,930

147,339

834,451

0.00%

0.03%

0.12%

0.07% 0.09%

0.10% 0.17%

0.17%

0.00%

0.62%

0.49%

2,437,041

0.00%

25-Nov-05

486,014

311,060

530,626

0.00%

0.08%

0.09% 0.07%

0.06% 0.10%

0.10%

0.00%

0.66%

0.51%

2,610,747

0.00%

25-Oct-05

99,854

0.00%

0.03%

0.02% 0.00%

0.00% 0.00%

0.00%

0.25%

0.17%

883,981

0.00%

26-Sep-05

257,318

0.00%

0.04%

0.05% 0.00%

0.00% 0.00%

0.00%

0.15%

0.10%

556,827

0.00%

25-Aug-05

0.00%

0.00% 0.00%

0.00%

Page 16 of 23

SACO I TRUST 2005-5

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

Distribution

Date

Statement Date:

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

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

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

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

89,057

8,148

0.00%

0.00% 0.04%

0.07% 0.04%

0.01%

0.00%

0.40%

0.36%

449,441

0.00%

25-Nov-05

33,725

89,057

8,148

0.00%

0.04%

0.02% 0.04%

0.07% 0.04%

0.01%

0.00%

0.30%

402,756

0.00%

25-Oct-05

8,148

0.00%

0.00% 0.00%

0.00% 0.04%

0.01%

0.00%

0.04%

0.05%

65,865

0.00%

26-Sep-05

60,787

0.00%

0.00% 0.03%

0.04% 0.00%

0.00%

0.03%

0.01%

13,331

0.00%

25-Aug-05

0.00%

0.00% 0.00%

0.00%

Page 17 of 23

SACO I TRUST 2005-5

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates, Series 2005-5

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

Distribution

Date

Ending Pool (1)

Payoffs(2)

Penalties

Appraisal Reduct. (2)

Liquidations (2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Amort

ABN AMRO Acct: 722835.1

27-Dec-05

14,055

87.71%

625,829,531

85.84%

3.28%

3.96%

0.00%

0.01%

90,727

0.01%

92,562

0.01%

222

331

9.69%

9.18%

88,022

477

25,827,719

25-Nov-05

14,535

90.70%

651,428,546

89.35%

2.76%

3.21%

0.00%

0.02%

32,851

0.00%

0.02%

4,625

0.00%

227

332

10.33%

9.80%

100,335

412

21,586,447

25-Oct-05

14,948

93.28%

673,506,109

92.38%

2.17%

2.67%

0.00%

223

332

9.59%

9.08%

71,532

331

18,483,146

26-Sep-05

15,279

95.34%

692,552,079

94.99%

2.42%

2.83%

0.00%

224

333

10.07%

9.55%

62,327

379

20,173,156

25-Aug-05

15,643

97.62%

713,198,158

97.82%

1.68%

1.99%

0.00%

225

333

9.90%

9.38%

29,735

267

14,520,049

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

Page 18 of 23

SACO I TRUST 2005-5

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates, Series 2005-5

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

Distribution

Date

Ending Pool (1)

Payoffs(2)

Penalties

Appraisal Reduct. (2)

Liquidations (2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Group I Loans

Amort

ABN AMRO Acct: 722835.1

27-Dec-05

11,544

72.04%

499,602,241

68.52%

2.55%

3.14%

0.00%

0.02%

90,727

0.02%

92,562

0.02%

204

338

10.35%

9.83%

88,022

302

16,201,552

25-Nov-05

11,848

73.93%

516,293,746

70.81%

2.14%

2.55%

0.00%

0.02%

32,851

0.01%

0.02%

4,625

0.00%

206

339

10.39%

9.88%

100,335

259

13,512,832

25-Oct-05

12,110

75.57%

530,297,695

72.73%

1.70%

2.04%

0.00%

208

340

10.50%

9.98%

71,532

209

11,063,603

26-Sep-05

12,319

76.87%

542,078,467

74.35%

1.71%

1.92%

0.00%

209

341

10.53%

10.02%

52,535

214

10,619,276

25-Aug-05

12,533

78.21%

553,318,016

75.89%

1.66%

2.11%

0.00%

209

341

10.53%

10.01%

25,185

211

11,933,146

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

Page 19 of 23

SACO I TRUST 2005-5

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates, Series 2005-5

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

Distribution

Date

Ending Pool (1)

Payoffs(2)

Penalties

Appraisal Reduct. (2)

Liquidations (2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Group II HELOCs

Amort

ABN AMRO Acct: 722835.1

27-Dec-05

2,511

15.67%

126,227,291

17.31%

6.51%

7.12%

0.00%

291

302

7.19%

6.67%

175

9,626,167

25-Nov-05

2,687

16.77%

135,134,800

18.53%

5.39%

5.64%

0.00%

303

10.09%

9.47%

153

8,073,615

25-Oct-05

2,838

17.71%

143,208,414

19.64%

4.12%

4.93%

0.00%

277

305

6.33%

5.81%

122

7,419,542

26-Sep-05

2,960

18.47%

150,473,612

20.64%

5.28%

5.98%

0.00%

278

305

8.44%

7.93%

165

9,553,880

25-Aug-05

3,222

20.11%

159,880,142

21.93%

1.80%

1.58%

0.00%

279

305

7.71%

7.20%

2,586,903

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

Page 20 of 23

SACO I TRUST 2005-5

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

Realized Loss Detail

Period

Disclosure

Control #

Appraisal

Date

Appraisal

Value

Beginning

Scheduled

Balance

Gross

Proceeds

Gross Proceeds

as a % of

Sched. Balance

Aggregate

Liquidation
Expenses *

Net

Liquidation

Proceeds

Net Proceeds

as a % of

Sched. Balance

Realized

Loss

Statement Date:

200512

71,837.72

68,998.36

70,528.66

)

(1,530.63

73,368.35

96.05%

-2.13%

Not Avail.

360,000.00

1527

200512

18,889.03

18,991.08

19,193.40

)

(202.32

19,091.35

100.54%

-1.07%

Not Avail.

192,000.00

3574

200511

420.97

1,468.07

)

(1,047.10

1,468.07

100.00%

-248.74%

Not Avail.

495,000.00

1188

200511

1,118.20

4,082.89

)

(2,964.69

4,082.89

100.00%

-265.13%

Not Avail.

600,000.00

2689

200511

31,311.52

30,708.11

9.86

30,698.25

613.27

98.07%

98.04%

Not Avail.

164,500.00

9174

123,577.44

120,236.72

95,282.88

24,953.51

98,623.93

90,726.75

92,459.70

)

(1,732.95

89,722.06

87,989.44

Current Total

Cumulative

Page 21 of 23

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

SACO I TRUST 2005-5

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

Realized Loss Detail

Period

Disclosure

Control #

Appraisal

Date

Appraisal

Value

Beginning

Scheduled

Balance

Gross

Proceeds

Gross Proceeds

as a % of

Sched. Balance

Aggregate

Liquidation
Expenses *

Net

Liquidation

Proceeds

Net Proceeds

as a % of

Sched. Balance

Realized

Loss

Statement Date:

Group I Loans

200512

71,837.72

68,998.36

70,528.66

)

(1,530.63

73,368.35

96.05%

-2.13%

Not Avail.

360,000.00

1527

200512

18,889.03

18,991.08

19,193.40

)

(202.32

19,091.35

100.54%

-1.07%

Not Avail.

192,000.00

3574

200511

420.97

1,468.07

)

(1,047.10

1,468.07

100.00%

-248.74%

Not Avail.

495,000.00

1188

200511

1,118.20

4,082.89

)

(2,964.69

4,082.89

100.00%

-265.13%

Not Avail.

600,000.00

2689

200511

31,311.52

30,708.11

9.86

30,698.25

613.27

98.07%

98.04%

Not Avail.

164,500.00

9174

123,577.44

120,236.72

95,282.88

24,953.51

98,623.93

90,726.75

92,459.70

)

(1,732.95

89,722.06

87,989.44

Current Total

Cumulative

Page 22 of 23

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

SACO I TRUST 2005-5

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Mortgage Pass-Through Certificates, Series 2005-5

ABN AMRO Acct: 722835.1

Realized Loss Detail

Period

Disclosure

Control #

Appraisal

Date

Appraisal

Value

Beginning

Scheduled

Balance

Gross

Proceeds

Gross Proceeds

as a % of

Sched. Balance

Aggregate

Liquidation
Expenses *

Net

Liquidation

Proceeds

Net Proceeds

as a % of

Sched. Balance

Realized

Loss

Statement Date:

Group II HELOCs

Current Total

Cumulative

Page 23 of 23

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

Filing Compare · SACO I TRUST 2005-5