CDMC Mortgage Pass-Through Certificates,  Series
2005-1
Distribution
Date:6/20/2005
Record
Date:5/31/2005

Distribution
Summary

DISTRIBUTION IN
DOLLARS

                                       Prior        Pass-                                                                                 Current
                 Original              Principal    Through      Interest   Principal   Total          Deferred               Realized    Principal
Class            Balance               Balance      Rate         DistributedDistributed Distributed    Interest               Loss        Balance
(1)              (2)                   (3)          (4)          (5)        (6)         (7)=(5+6)      (8)                    (9)         (10)=(3-6+8-9)

A1               27,689,102.00         27,689,102.003.965986%    91,512.17  0.00        91,512.17      0.00                   0.00        27,689,102.00

A2               28,562,934.00         25,509,245.775.465986%    116,194.32 1,728,362.961,844,557.28   0.00                   0.00        23,780,882.81

A3               4,039,733.00          4,039,733.00 5.465986%    18,400.94  0.00        18,400.94      0.00                   0.00        4,039,733.00

A4               1,507,197.00          1,534,884.67 5.465986%    0.00       0.00        0.00           6,991.38               0.00        1,541,876.05

A5               9,043,780.00          9,349,312.39 9.908415%    0.00       0.00        0.00           77,197.39              0.00        9,426,509.78

B1               3,165,323.00          3,147,686.79 5.465986%    14,337.68  4,558.01    18,895.69      0.00                   0.00        3,143,128.78

B2               527,554.00            524,614.64   5.465986%    2,389.61   759.67      3,149.28       0.00                   0.00        523,854.97

B3               301,459.00            299,779.37   5.465986%    1,365.49   434.10      1,799.59       0.00                   0.00        299,345.27

B4               188,412.00            187,362.23   5.465986%    853.43     271.31      1,124.74       0.00                   0.00        187,090.92

B5               150,730.00            149,890.18   5.465986%    682.75     217.05      899.80         0.00                   0.00        149,673.13

B6               188,413.11            187,363.32   5.465986%    853.44     271.31      1,124.75       0.00                   0.00        187,092.01

RI               100.00                0.00         5.465986%    0.00       0.00        0.00           0.00                   0.00        0.00

RII              100.00                0.00         5.465986%    0.00       0.00        0.00           0.00                   0.00        0.00

Totals           75,364,837.11         72,618,974.36             246,589.83 1,734,874.411,981,464.24   84,188.77              0.00        70,968,288.72

Distribution Summary (Factors)

PER $1,000 OF ORIGINAL BALANCE

                                       Prior                                                                                  Current
                                       Principal    Interest     Principal  Total       Deferred       Realized               Principal
                                                    Distributed
Class            CUSIP                 Balance      (5/2 x 1000) DistributedDistributed Interest       Loss                   Balance
                                       (3/2 x 1000)              (6/2 x     (7/2 x 1000)(8/2 x 1000)   (9/2 x 1000)           (10/2 x
                                                                 1000)                                                        1000)

A1               15132EKY3             1,000.000000 3.304989     0.000000   3.304989    0.000000       0.000000               1,000.000000

A2               15132EKZ0             893.089126   4.068011     60.510694  64.578705   0.000000       0.000000               832.578432

A3               15132ELA4             1,000.000000 4.554989     0.000000   4.554989    0.000000       0.000000               1,000.000000

A4               15132ELB2             1,018.370306 0.000000     0.000000   0.000000    4.638664       0.000000               1,023.008970

A5               15132ELC0             1,033.783704 0.000000     0.000000   0.000000    8.535965       0.000000               1,042.319669

B1               15132ELF3             994.428306   4.529610     1.439983   5.969593    0.000000       0.000000               992.988324

B2               15132ELG1             994.428324   4.529603     1.439985   5.969588    0.000000       0.000000               992.988339

B3               15132ELH9             994.428330   4.529604     1.439997   5.969601    0.000000       0.000000               992.988333

B4               15132ELJ5             994.428327   4.529595     1.439983   5.969577    0.000000       0.000000               992.988345

B5               15132ELK2             994.428316   4.529623     1.439992   5.969615    0.000000       0.000000               992.988323

B6               15132ELL0             994.428254   4.529621     1.439974   5.969595    0.000000       0.000000               992.988280

RI               15132ELD8             0.000000     0.000000     0.000000   0.000000    0.000000       0.000000               0.000000

RII              15132ELE6             0.000000     0.000000     0.000000   0.000000    0.000000       0.000000               0.000000

Interest
Distribution
Detail

DISTRIBUTION IN
DOLLARS

                 Prior                 Pass-        Optimal      Prior      Non-Recov                                                     Current
                 Principal             Through      Accrued      Unpaid     Interest    Interest       Deferred               Interest    Unpaid
                                                                                                                              Distributed
Class            Balance               Rate         Interest     Interest   Shortfall   Due            Interest               (9)         Interest
(1)              (2)                   (3)          (4)          (5)        (6)         (7)=(4)+(5)-(6)(8)                                (10)=(7)-(8)-(9)

A1               27,689,102.00         3.965986%    91,512.17    0.00       0.00        91,512.17      0.00                   91,512.17   0.00

A2               25,509,245.77         5.465986%    116,194.32   0.00       0.00        116,194.32     0.00                   116,194.32  0.00

A3               4,039,733.00          5.465986%    18,400.94    0.00       0.00        18,400.94      0.00                   18,400.94   0.00

A4               1,534,884.67          5.465986%    6,991.38     0.00       0.00        6,991.38       6,991.38               0.00        0.00

A5               9,349,312.39          9.908415%    77,197.39    0.00       0.00        77,197.39      77,197.39              0.00        0.00

B1               3,147,686.79          5.465986%    14,337.68    0.00       0.00        14,337.68      0.00                   14,337.68   0.00

B2               524,614.64            5.465986%    2,389.61     0.00       0.00        2,389.61       0.00                   2,389.61    0.00

B3               299,779.37            5.465986%    1,365.49     0.00       0.00        1,365.49       0.00                   1,365.49    0.00

B4               187,362.23            5.465986%    853.43       0.00       0.00        853.43         0.00                   853.43      0.00

B5               149,890.18            5.465986%    682.75       0.00       0.00        682.75         0.00                   682.75      0.00

B6               187,363.32            5.465986%    853.44       0.00       0.00        853.44         0.00                   853.44      0.00

RI               0.00                  5.465986%    0.00         0.00       0.00        0.00           0.00                   0.00        0.00

RII              0.00                  5.465986%    0.00         0.00       0.00        0.00           0.00                   0.00        0.00

  Totals         72,618,974.36                      330,778.60   0.00       0.00        330,778.60     84,188.77              246,589.83  0.00

Principal
Distribution
Detail

DISTRIBUTION IN
DOLLARS

                                       Prior                                Current     Current        Current                Cumulative
                 Original              Principal    Principal    Accreted   Realized    Principal      Principal              Realized
Class            Balance               Balance      Distribution Principal  Losses      Recoveries     Balance                Losses
(1)              (2)                   (3)          (4)          (5)        (6)         (7)            (8)=(3)-(4)+(5)-(6)+(7)(9)

A1               27,689,102.00         27,689,102.000.00         0.00       0.00        0.00           27,689,102.00          0.00

A2               28,562,934.00         25,509,245.771,728,362.96 0.00       0.00        0.00           23,780,882.81          0.00

A3               4,039,733.00          4,039,733.00 0.00         0.00       0.00        0.00           4,039,733.00           0.00

A4               1,507,197.00          1,534,884.67 0.00         6,991.38   0.00        0.00           1,541,876.05           0.00

A5               9,043,780.00          9,349,312.39 0.00         77,197.39  0.00        0.00           9,426,509.78           0.00

B1               3,165,323.00          3,147,686.79 4,558.01     0.00       0.00        0.00           3,143,128.78           0.00

B2               527,554.00            524,614.64   759.67       0.00       0.00        0.00           523,854.97             0.00

B3               301,459.00            299,779.37   434.10       0.00       0.00        0.00           299,345.27             0.00

B4               188,412.00            187,362.23   271.31       0.00       0.00        0.00           187,090.92             0.00

B5               150,730.00            149,890.18   217.05       0.00       0.00        0.00           149,673.13             0.00

B6               188,413.11            187,363.32   271.31       0.00       0.00        0.00           187,092.01             0.00

RI               100.00                0.00         0.00         0.00       0.00        0.00           0.00                   0.00

RII              100.00                0.00         0.00         0.00       0.00        0.00           0.00                   0.00

  Totals         75,364,837.11         72,618,974.361,734,874.41 84,188.77  0.00        0.00           70,968,288.72          0.00

Collateral
Summary

ASSET
CHARACTERISTICS

                 Cut-Off               Prior        Current

Aggregate Stated
Principal Balance75,364,837.11         72,618,974.3670,968,288.72

Loan Count       147                   143          142

Weighted Average
Coupon Rate (WAC)5.744992%             5.735986%    5.725633%

Net Weighted
Average Coupon   5.474992%             5.465986%    5.455633%
Rate (Net WAC)

Weighted Average
Maturity (WAM in 332                   328          326
months)

AVAILABLE
PRINCIPAL        AVAILABLE INTEREST

Scheduled
Interest         347,117.90
Curtailments     953,529.56
Less:            Servicing Fees Net of 15,129.02
                 Trustee Fees
Trustee Fees     1,210.28
Uncompensated
PPIS             0.00
Relief Act
Shortfall        0.00
Extraordinary
Trust Fund       0.00
Expenses
Primary Mortgage
Insurance        0.00
TOTAL AVAILABLE
PRINCIPAL        1,650,685.64
TOTAL AVAILABLE
INTEREST         330,778.60
Current Realized
Losses           0.00
Cumulative
Realized Losses  0.00

Delinquency
Information

                 1 Month               2 Months     3+ Months    Totals

Delinquency

Scheduled
Principal Balance0.00                  0.00         0.00         0.00
Percentage of
Total Pool       0.0000%               0.0000%      0.0000%      0.0000%
Balance
Number of Loans  0                     0            0            0

Percentage of
Total Loans      0.0000%               0.0000%      0.0000%      0.0000%
Bankruptcy

Scheduled
Principal Balance                      0.00         0.00         0.00       0.00
Percentage of Total Pool Balance       0.0000%      0.0000%      0.0000%    0.0000%

Number of Loans                        0            0            0          0
Percentage of
Total Loans                            0.0000%      0.0000%      0.0000%    0.0000%

Foreclosure

Scheduled
Principal Balance                      0.00         0.00         0.00       0.00
Percentage of Total Pool Balance       0.0000%      0.0000%      0.0000%    0.0000%

Number of Loans                        0            0            0          0
Percentage of
Total Loans                            0.0000%      0.0000%      0.0000%    0.0000%

REO

Scheduled
Principal Balance                      0.00         0.00         0.00       0.00
Percentage of Total Pool Balance       0.0000%      0.0000%      0.0000%    0.0000%

Number of Loans                        0            0            0          0
Percentage of
Total Loans                            0.0000%      0.0000%      0.0000%    0.0000%

Total

Scheduled
Principal Balance                      0.00         0.00         0.00       0.00
Percentage of Total Pool Balance       0.0000%      0.0000%      0.0000%    0.0000%

Number of Loans                        0            0            0          0
Percentage of
Total Loans                            0.0000%      0.0000%      0.0000%    0.0000%

Principal and
Interest Advances61,364.11

Credit
Enhancement

SUBORDINATION
LEVELS

                 Original              Prior        Current

Aggregate
Certificate      75,364,837.11         72,618,974.3670,968,288.72
Principal Balance

Senior Principal
Balance          70,842,946.00         68,122,277.8366,478,103.64
Senior Percentage93.999999%            93.807821%   93.672970%
Senior Credit
Support          6.000001%             6.192179%    6.327030%

Class B1
Principal Balance3,165,323.00          3,147,686.79 3,143,128.78
Class B1
Percentage       4.200000%             4.334524%    4.428920%
Class B1 Credit
Support          1.800001%             1.857655%    1.898110%

Class B2
Principal Balance527,554.00            524,614.64   523,854.97
Class B2
Percentage       0.700000%             0.722421%    0.738154%
Class B2 Credit
Support          1.100001%             1.135234%    1.159957%

Class B3
Principal Balance301,459.00            299,779.37   299,345.27
Class B3
Percentage       0.400000%             0.412811%    0.421801%
Class B3 Credit
Support          0.700002%             0.722422%    0.738155%

Class B4
Principal Balance188,412.00            187,362.23   187,090.92
Class B4
Percentage       0.250000%             0.258007%    0.263626%
Class B4 Credit
Support          0.450002%             0.464415%    0.474529%

Class B5
Principal Balance150,730.00            149,890.18   149,673.13
Class B5
Percentage       0.200000%             0.206406%    0.210901%
Class B5 Credit
Support          0.250001%             0.258009%    0.263628%

Class B6
Principal Balance188,413.11            187,363.32   187,092.01
Class B6
Percentage       0.250001%             0.258009%    0.263628%
Class B6 Credit
Support          0.000000%             0.000000%    0.000000%

Other Information

Trigger
Information

Has the Class A4
Accretion
Termination Date No
Been Reached?
Has the Class A5
Accretion
Termination Date No
Been Reached?
Has the Credit
Support Depletion
Date Been        No
Reached?

Senior Percentage93.807821%
Senior Prepayment
Percentage       100.000000%

CONTACT
INFORMATION      CONTENTS

Distribution
Summary          2
Depositor        PHH Mortgage Capital
                 LLC
Distribution
Summary          2
(Factors)

Mt. Laurel, NJ
08054
Interest
Distribution     2
Underwriter      William J. Mayer
                 Securities, LLC
60 Arch Street
Principal
Distribution     2
Greenwich, CT
06830

Collateral
Summary          2
3000 Leadenhall
Road

Delinquency
Information      2

Trustee          Citibank, N.A.
Credit
Enhancement      2

New York, NY
10013
Other Information2

Deal Contact:    Kristen Driscoll      Citibank,
                                       N.A.
kristen.driscoll@citigroup.com         Agency and
                                       Trust
Tel: (212)                             388 Greenwich
816-5681                               Street, 14th
                                       Floor
Fax: (212)                             New York, NY
816-5527                               10013

                                       (c) Copyright
Page 1 of 1       Reports Available at 2005
                 www.sf.citidirect.com
                                       Citigroup

CDMC MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-1 8-K