8-K 1 ac050108.htm 8K6 


                                     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 25, 2005
                          (Date of earliest event reported)

                      Accredited Home Lenders, Inc.(as Seller, under the
          Indenture dated as February 1, 2005 providing for the issuance of
                               Mortgage Loan Trust 2005-1
                (Exact name of Registrant as specified in its Charter)

                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-109964-06                             33-0426859
          (Commission File Number)        (I.R.S. Employer Identification No.)


          15030 Avenue of Science
          San Diego, California                         92128
          (Address of principal executive offices)     (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (858) 676-2100

            (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(b) under the Exchange Act
(17 CFR 240.14a-12(b))

[  ] 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))


     Item 8.01  Other Events

     Attached hereto is a copy of the Monthly Remittance Statements to the
     Certificateholders which was derived from the monthly information
     submitted by the Master Servicer of the Trust to the Trustee.


     Item 9.01 Financial Statements and Exhibits

     (c) Exhibits:

     Exhibit No. Description

     99.1 Monthly Remittance Statement to the Certificateholders dated as of
     August 25, 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.


                                  Deutsche Bank National Trust Company,
                                  in its capacity as Indenture Trustee under
                                  the Indenture on behalf of
                                  Accredited Home Lenders Inc., Registrant


          Date:  Aug 26, 2005               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President


                                   EXHIBIT INDEX

          DOCUMENT

          99.1 Monthly Remittance Statement to the Certificateholders
          dated as of August 25, 2005.
                       
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
External Parties Table of Contents
Page
Seller
1. Certificate Payment Report 2
Accredited Mortgage Loan
2. Collection Account Report 4
3. Credit Enhancement Report 6
4. Collateral Report 7
Certificate Insurer(s) 5. Delinquency Report 10
6. REO Report 13
7. Foreclosure Report 14
8. Prepayment Report 15
9. Prepayment Detail Report 18
10. Realized Loss Report 22
11. Realized Loss Detail Report 25
Servicer(s)
12. Triggers and Adj. Cert. Report 26
Accredited Home Lenders
13. Other Related Information 27
Underwriter(s)
CS First Boston
Total Number of Pages 27
Dates Contacts
Cut-Off Date: February 01, 2005 Eiko Akiyama
Close Date: February 24, 2005 Administrator
First Distribution Date: March 25, 2005 (714) 247-6328
Address:
1761 East St. Andrew Place, Santa Ana, CA 92514
Distribution Date: August 25, 2005
Factor Information: (800) 735-7777
Record Date: July 29, 2005
Main Phone Number: (714) 247-6000
August 24, 2005
https://www.tss.db.com/invr
Page 1 of 27
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC I
Prior Current
Class Original Principal Total Realized Deferred Principal
Class Type Cur Face Value Balance Interest Principal Distribution Loss Interest Balance
(1) (2) (3) (4)=(2)+(3) (5) (6) (7)=(1)-(3)-(5)+(6)
A-1A FLT $ 300,820,000.00 277,974,837.83 883,265.05 11,667,996.21 12,551,261.26 0.00 0.00 266,306,841.62
A-1B FLT $ 75,200,000.00 69,489,089.17 223,793.47 2,916,805.11 3,140,598.58 0.00 0.00 66,572,284.06
A-2A FLT $ 152,760,000.00 117,274,980.27 359,512.97 14,189,481.53 14,548,994.50 0.00 0.00 103,085,498.74
A-2B FLT $ 147,400,000.00 147,400,000.00 465,824.94 0.00 465,824.94 0.00 0.00 147,400,000.00
A-2C FLT $ 77,320,000.00 77,320,000.00 253,674.03 0.00 253,674.03 0.00 0.00 77,320,000.00
M-1 MEZ $ 55,030,000.00 55,030,000.00 186,230.69 0.00 186,230.69 0.00 0.00 55,030,000.00
M-2 MEZ $ 30,730,000.00 30,730,000.00 109,817.07 0.00 109,817.07 0.00 0.00 30,730,000.00
M-3 MEZ $ 12,840,000.00 12,840,000.00 46,216.87 0.00 46,216.87 0.00 0.00 12,840,000.00
M-4 MEZ $ 12,380,000.00 12,380,000.00 45,094.15 0.00 45,094.15 0.00 0.00 12,380,000.00
M-5 MEZ $ 29,350,000.00 29,350,000.00 143,048.64 0.00 143,048.64 0.00 0.00 29,350,000.00
M-6 MEZ $ 9,630,000.00 9,630,000.00 49,423.30 0.00 49,423.30 0.00 0.00 9,630,000.00
TRUST EXE $ 0.00 0.00 2,232,976.26 0.00 2,232,976.26 0.00 0.00 0.00
Total 903,460,000.00 839,418,907.27 4,998,877.44 28,774,282.85 33,773,160.29 0.00 0.00 810,644,624.42
Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
Orig. Principal Prior Current
Period Period (with Notional) Principal Total Principal
Class Starting Ending Method Cusip Balance Balance Interest Principal Distribution Balance
(1) (1) (2) (3) (4)=(2)+(3) (5)
A-1A 07/25/05 08/24/05 A-Act/360 004375CN9 300,820,000.00 924.057037 2.936191 38.787302 41.723493 885.269735
A-1B 07/25/05 08/24/05 A-Act/360 004375CP4 75,200,000.00 924.057037 2.975977 38.787302 41.763279 885.269735
A-2A 07/25/05 08/24/05 A-Act/360 004375CQ2 152,760,000.00 767.707386 2.353450 92.887415 95.240865 674.819971
A-2B 07/25/05 08/24/05 A-Act/360 004375CR0 147,400,000.00 1,000.000000 3.160278 0.000000 3.160278 1,000.000000
A-2C 07/25/05 08/24/05 A-Act/360 004375CS8 77,320,000.00 1,000.000000 3.280833 0.000000 3.280833 1,000.000000
M-1 07/25/05 08/24/05 A-Act/360 004375CT6 55,030,000.00 1,000.000000 3.384167 0.000000 3.384167 1,000.000000
M-2 07/25/05 08/24/05 A-Act/360 004375CU3 30,730,000.00 1,000.000000 3.573611 0.000000 3.573611 1,000.000000
M-3 07/25/05 08/24/05 A-Act/360 004375CV1 12,840,000.00 1,000.000000 3.599445 0.000000 3.599445 1,000.000000
M-4 07/25/05 08/24/05 A-Act/360 004375CW9 12,380,000.00 1,000.000000 3.642500 0.000000 3.642500 1,000.000000
M-5 07/25/05 08/24/05 A-Act/360 004375CX7 29,350,000.00 1,000.000000 4.873889 0.000000 4.873889 1,000.000000
M-6 07/25/05 08/24/05 A-Act/360 004375CY5 9,630,000.00 1,000.000000 5.132222 0.000000 5.132222 1,000.000000
TRUST 07/25/05 08/24/05 A-30/360 AC0501101 0.00 0.000000 0.000000 0.000000 0.000000 0.000000
Page 2 of 27
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
Distribution to Date - REMIC I
Current
Original Unscheduled Scheduled Total Total Realized Deferred Principal
Class Face Value Interest Principal Principal Principal Distribution Loss Interest Balance
(1) (2) (3) (4) (5)=(3)+(4) (6)=(2)+(5) (7) (8) (9)=(1)-(5)-(7)+(8)
A-1A 300,820,000.00 4,839,448.65 32,871,303.78 1,641,854.60 34,513,158.38 39,352,607.03 0.00 0.00 266,306,841.62
A-1B 75,200,000.00 1,228,206.80 8,217,279.58 410,436.36 8,627,715.94 9,855,922.74 0.00 0.00 66,572,284.06
A-2A 152,760,000.00 2,189,416.97 47,538,531.75 2,135,969.51 49,674,501.26 51,863,918.23 0.00 0.00 103,085,498.74
A-2B 147,400,000.00 2,436,942.26 0.00 0.00 0.00 2,436,942.26 0.00 0.00 147,400,000.00
A-2C 77,320,000.00 1,333,045.42 0.00 0.00 0.00 1,333,045.42 0.00 0.00 77,320,000.00
M-1 55,030,000.00 982,136.67 0.00 0.00 0.00 982,136.67 0.00 0.00 55,030,000.00
M-2 30,730,000.00 582,625.98 0.00 0.00 0.00 582,625.98 0.00 0.00 30,730,000.00
M-3 12,840,000.00 245,387.61 0.00 0.00 0.00 245,387.61 0.00 0.00 12,840,000.00
M-4 12,380,000.00 239,725.86 0.00 0.00 0.00 239,725.86 0.00 0.00 12,380,000.00
M-5 29,350,000.00 780,516.49 0.00 0.00 0.00 780,516.49 0.00 0.00 29,350,000.00
M-6 9,630,000.00 270,700.01 0.00 0.00 0.00 270,700.01 0.00 0.00 9,630,000.00
TRUST 0.00 12,277,232.73 0.00 0.00 0.00 12,277,232.73 0.00 0.00 0.00
Total 903,460,000.00 27,405,385.45 88,627,115.11 4,188,260.47 92,815,375.58 120,220,761.03 0.00 0.00 810,644,624.42
Interest Detail - REMIC I
Pass Prior Principal Non- Prior Unscheduled Paid or Current
Through (with Notional) Accrued Supported Unpaid Interest Optimal Deferred Unpaid
Class Rate Balance Interest Interest SF Interest Adjustment Interest Interest Interest
(1) (2) (3) (4) (5)=(1)-(2)+(3)+(4) (6) (7)=(5)-(6)
A-1A 3.69000% 277,974,837.83 883,265.05 0.00 0.00 0.00 883,265.05 883,265.05 0.00
A-1B 3.74000% 69,489,089.17 223,793.47 0.00 0.00 0.00 223,793.47 223,793.47 0.00
A-2A 3.56000% 117,274,980.27 359,512.97 0.00 0.00 0.00 359,512.97 359,512.97 0.00
A-2B 3.67000% 147,400,000.00 465,824.94 0.00 0.00 0.00 465,824.94 465,824.94 0.00
A-2C 3.81000% 77,320,000.00 253,674.03 0.00 0.00 0.00 253,674.03 253,674.03 0.00
M-1 3.93000% 55,030,000.00 186,230.69 0.00 0.00 0.00 186,230.69 186,230.69 0.00
M-2 4.15000% 30,730,000.00 109,817.07 0.00 0.00 0.00 109,817.07 109,817.07 0.00
M-3 4.18000% 12,840,000.00 46,216.87 0.00 0.00 0.00 46,216.87 46,216.87 0.00
M-4 4.23000% 12,380,000.00 45,094.15 0.00 0.00 0.00 45,094.15 45,094.15 0.00
M-5 5.66000% 29,350,000.00 143,048.64 0.00 0.00 0.00 143,048.64 143,048.64 0.00
M-6 5.96000% 9,630,000.00 49,423.30 0.00 0.00 0.00 49,423.30 49,423.30 0.00
TRUST 0.00000% 0.00 0.00 0.00 0.00 0.00 0.00 2,232,976.26 0.00
Total 839,418,907.27 2,765,901.18 0.00 0.00 0.00 2,765,901.18 4,998,877.44 0.00
Page 3 of 27
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
Collection Account Report
SUMMARY
Group 2 Group 1 Total
Principal Collections 14,189,481.53 14,584,801.32 28,774,282.85
Principal Withdrawals 0.00 0.00 0.00
Principal Other Accounts 0.00 0.00 0.00
TOTAL NET PRINCIPAL 14,189,481.53 14,584,801.32 28,774,282.85
Interest Collections 2,318,576.12 2,343,597.13 4,662,173.25
Interest Withdrawals -0.00 -0.00 -0.00
Interest Fees -32,290.48 -34,233.42 -66,523.90
Interest Other Accounts 403,228.09
TOTAL NET INTEREST 2,205,330.38 2,229,177.97 4,998,877.43
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION 33,773,160.28
PRINCIPAL - COLLECTIONS
Group 2 Group 1 Total
Scheduled Principal Received 341,374.88 330,143.74 671,518.62
Curtailments 20,305.91 24,694.44 45,000.35
Prepayments In Full 13,827,800.74 14,229,963.14 28,057,763.88
Repurchased/Substitutions 0.00 0.00 0.00
Liquidations 0.00 0.00 0.00
Insurance Principal 0.00 0.00 0.00
Other Additional Principal 0.00 0.00 0.00
Delinquent Principal -291,148.83 -276,738.07 -567,886.90
Realized Losses -0.00 -0.00 -0.00
Advanced Principal 291,148.83 276,738.07 567,886.90
TOTAL PRINCIPAL COLLECTED 14,189,481.53 14,584,801.32 28,774,282.85
PRINCIPAL - WITHDRAWALS
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS
Group 2 Group 1 Total
TOTAL PRINCIPAL OTHER ACCOUNTS 0.00 0.00 0.00
Page 4 of 27
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
INTEREST - COLLECTIONS
Group 2 Group 1 Total
Scheduled Interest 2,463,662.86 2,488,899.01 4,952,561.87
Repurchased/Substitution Interest 0.00 0.00 0.00
Liquidation Interest 0.00 0.00 0.00
Insurance Interest 0.00 0.00 0.00
Other Additional Interest 0.00 0.00 0.00
Prepayment Interest Shortfalls -7,643.92 -8,353.18 -15,997.10
Delinquent Interest -2,032,154.42 -2,035,846.78 -4,068,001.20
Compensating Interest 7,643.92 8,353.17 15,997.10
Civil Relief Act Shortfalls -0.00 -0.00 -0.00
Interest Advanced 1,887,067.67 1,890,544.90 3,777,612.57
TOTAL INTEREST COLLECTED 2,318,576.12 2,343,597.13 4,662,173.25
INTEREST - WITHDRAWALS
Group 2 Group 1 Total
Non-Recoverable Advances 0.00 0.00 0.00
Reimbursements to Master Servicer 0.00 0.00 0.00
TOTAL INTEREST WITHDRAWALS 0.00 0.00 0.00
INTEREST - OTHER ACCOUNTS
Group 2 Group 1 Total
Prepayment Charges 564,369.09
Net Swap Payment (80,955.26) (80,185.74) (161,141.00)
TOTAL INTEREST OTHER ACCOUNTS 403,228.09
INTEREST - FEES
Group 2 Group 1 Total
Current Servicing Fees 31,583.80 33,518.14 65,101.94
Tax Fees
Trustee Fees 706.68 715.28 1,421.96
TOTAL INTEREST FEES 32,290.48 34,233.42 66,523.90
Page 5 of 27
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS
Group 2 Group 1 Total
Basis Risk CarryOver Deposit 0.00
Basis Risk CarryOver Amount Paid 0.00
INSURANCE
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES
Group 2 Group 1 Total
Overcollateralized Amount 13,758,438.00
Overcollateralization Reduction Amount 0.00
Overcollateralization Deficiency Amount 0.00
Overcollateralization Target Amount 13,758,438.00
Page 6 of 27
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
Collateral Report
COLLATERAL
Group 2 Group 1 Total
Loan Count:
Original 2,585 2,881 5,466
Prior 2,431 2,733 5,164
Prefunding 0 0 0
Scheduled Paid Offs -0 -0 -0
Full Voluntary Prepayments -62 -79 -141
Repurchases -0 -0 -0
Liquidations -0 -0 -0
Current 2,369 2,654 5,023
Principal Balance:
Original 459,500,843.36 457,728,336.81 917,229,180.17
Prior 424,009,297.70 429,168,047.57 853,177,345.27
Prefunding 0.00 0.00 0.00
Scheduled Principal -341,374.88 -330,143.74 -671,518.62
Partial Prepayments -20,305.91 -24,694.44 -45,000.35
Full Voluntary Prepayments -13,827,800.74 -14,229,963.14 -28,057,763.88
Repurchases -0.00 -0.00 -0.00
Liquidations -0.00 -0.00 -0.00
Current 409,819,816.17 414,583,246.25 824,403,062.42
PREFUNDING
SPACE INTENTIONALLY LEFT BLANK
Page 7 of 27
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
CHARACTERISTICS
Group 2 Group 1 Total
Weighted Average Coupon Original 6.99354% 6.99397% 6.99376%
Weighted Average Coupon Prior 6.97745% 6.98629% #######
Weighted Average Coupon Current 6.97248% 6.98321% 6.97788%
Weighted Average Months to Maturity Original 352 354 353
Weighted Average Months to Maturity Prior 347 350 349
Weighted Average Months to Maturity Current 346 349 348
Weighted Avg Remaining Amortization Term Original 352 354 353
Weighted Avg Remaining Amortization Term Prior 347 350 349
Weighted Avg Remaining Amortization Term Current 346 349 348
Weighted Average Seasoning Original 2.09 2.12 2.11
Weighted Average Seasoning Prior 6.08 6.10 6.09
Weighted Average Seasoning Current 7.08 7.10 7.09
Page 8 of 27
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
ARM CHARACTERISTICS
Group 2 Group 1 Total
Weighted Average Margin Original 5.77014% 5.60221% 5.67279%
Weighted Average Margin Prior 5.74746% 5.59165% 5.65647%
Weighted Average Margin Current 5.74565% 5.58791% 5.65287%
Weighted Average Max Rate Original 14.18184% 14.01766% 14.08667%
Weighted Average Max Rate Prior 14.15979% 14.00706% 14.07060%
Weighted Average Max Rate Current 14.15469% 14.00468% 14.06646%
Weighted Average Min Rate Original 7.18507% 7.01807% 7.08827%
Weighted Average Min Rate Prior 7.16321% 7.00750% 7.07228%
Weighted Average Min Rate Current 7.15826% 7.00513% 7.06819%
Weighted Average Cap Up Original 1.49497% 1.49704% 1.49617%
Weighted Average Cap Up Prior 1.49522% 1.49713% 1.49634%
Weighted Average Cap Up Current 1.49503% 1.49706% 1.49623%
Weighted Average Cap Down Original 1.49497% 1.49704% 1.49617%
Weighted Average Cap Down Prior 1.49522% 1.49713% 1.49634%
Weighted Average Cap Down Current 1.49503% 1.49706% 1.49623%
SERVICING FEES & ADVANCES
Group 2 Group 1 Total
Current Servicing Fees 31,583.80 33,518.14 65,101.94
Delinquent Servicing Fees 145,086.75 145,301.89 290,388.64
TOTAL SERVICING FEES 176,670.54 178,820.03 355,490.57
Total Servicing Fees 176,670.54 178,820.03 355,490.57
Compensating Interest -7,643.92 -8,353.17 -15,997.10
Delinquent Servicing Fees -145,086.75 -145,301.89 -290,388.64
COLLECTED SERVICING FEES 31,583.80 33,518.14 49,104.85
Total Advanced Interest 1,887,067.67 1,890,544.90 3,777,612.57
Total Advanced Principal 291,148.83 276,738.07 567,886.90
Aggregate Advances with respect to this Distribution 2,178,216.51 2,167,282.97 4,345,499.48
ADDITIONAL COLLATERAL INFORMATION
Group 2 Group 1 Total
Prepayment Interest Shortfall (PPIS) 7,643.92 8,353.18 15,997.10
Compensating Interest -7,643.92 -8,353.17 -15,997.10
Net Prepayment Interest Shortfall (PPIS) 0.00 0.00 0.00
Ending Pool Stated Principal Balance 409,819,816.17 414,583,246.25 824,403,062.42
Weighted Average Net Mortgage Rate 6.040030% 6.031956% 6.036001%
Page 9 of 27
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
Delinquency Report
TOTAL
< 1 PAYMENT 1 PAYMENT 2 PAYMENTS 3+ PAYMENTS TOTAL
DELINQUENT Balance 6,649,017.79 1,312,508.60 80,089.78 8,041,616.17
% Balance 0.81% 0.16% 0.01% 0.98%
# Loans 44 8 1 53
% # Loans 0.88% 0.16% 0.02% 1.06%
FORECLOSURE Balance 0.00 0.00 658,399.74 1,426,505.12 2,084,904.86
% Balance 0.00% 0.00% 0.08% 0.17% 0.25%
# Loans 0 0 5 12 17
% # Loans 0.00% 0.00% 0.10% 0.24% 0.34%
BANKRUPTCY Balance 106,561.88 278,794.93 176,771.65 831,209.12 1,393,337.58
% Balance 0.01% 0.03% 0.02% 0.10% 0.17%
# Loans 1 1 1 3 6
% # Loans 0.02% 0.02% 0.02% 0.06% 0.12%
REO Balance 0.00 0.00 0.00 125,896.51 125,896.51
% Balance 0.00% 0.00% 0.00% 0.02% 0.02%
# Loans 0 0 0 1 1
% # Loans 0.00% 0.00% 0.00% 0.02% 0.02%
TOTAL Balance 106,561.88 6,927,812.72 2,147,679.99 2,463,700.53 11,645,755.12
% Balance 0.01% 0.84% 0.26% 0.30% 1.41%
# Loans 1 45 14 17 77
% # Loans 0.02% 0.90% 0.28% 0.34% 1.53%
Page 10 of 27
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
GROUP 1
< 1 PAYMENT 1 PAYMENT 2 PAYMENTS 3+ PAYMENTS TOTAL
DELINQUENT Balance 4,047,629.68 816,710.58 0.00 4,864,340.26
% Balance 0.98% 0.20% 0.00% 1.17%
# Loans 29 6 0 35
% # Loans 1.09% 0.23% 0.00% 1.32%
FORECLOSURE Balance 0.00 0.00 467,413.30 958,626.90 1,426,040.20
% Balance 0.00% 0.00% 0.11% 0.23% 0.34%
# Loans 0 0 3 7 10
% # Loans 0.00% 0.00% 0.11% 0.26% 0.38%
BANKRUPTCY Balance 106,561.88 278,794.93 176,771.65 831,209.12 1,393,337.58
% Balance 0.03% 0.07% 0.04% 0.20% 0.34%
# Loans 1 1 1 3 6
% # Loans 0.04% 0.04% 0.04% 0.11% 0.23%
REO Balance 0.00 0.00 0.00 125,896.51 125,896.51
% Balance 0.00% 0.00% 0.00% 0.03% 0.03%
# Loans 0 0 0 1 1
% # Loans 0.00% 0.00% 0.00% 0.04% 0.04%
TOTAL Balance 106,561.88 4,326,424.61 1,460,895.53 1,915,732.53 7,809,614.55
% Balance 0.03% 1.04% 0.35% 0.46% 1.88%
# Loans 1 30 10 11 52
% # Loans 0.04% 1.13% 0.38% 0.41% 1.96%
Page 11 of 27
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
GROUP 2
< 1 PAYMENT 1 PAYMENT 2 PAYMENTS 3+ PAYMENTS TOTAL
DELINQUENT Balance 2,601,388.11 495,798.02 80,089.78 3,177,275.91
% Balance 0.63% 0.12% 0.02% 0.78%
# Loans 15 2 1 18
% # Loans 0.63% 0.08% 0.04% 0.76%
FORECLOSURE Balance 0.00 0.00 190,986.44 467,878.22 658,864.66
% Balance 0.00% 0.00% 0.05% 0.11% 0.16%
# Loans 0 0 2 5 7
% # Loans 0.00% 0.00% 0.08% 0.21% 0.30%
BANKRUPTCY Balance 0.00 0.00 0.00 0.00 0.00
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans 0 0 0 0 0
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
REO Balance 0.00 0.00 0.00 0.00 0.00
% Balance 0.00% 0.00% 0.00% 0.00% 0.00%
# Loans 0 0 0 0 0
% # Loans 0.00% 0.00% 0.00% 0.00% 0.00%
TOTAL Balance 0.00 2,601,388.11 686,784.46 547,968.00 3,836,140.57
% Balance 0.00% 0.63% 0.17% 0.13% 0.94%
# Loans 0 15 4 6 25
% # Loans 0.00% 0.63% 0.17% 0.25% 1.06%
Page 12 of 27
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
REO Report
Loan Number Original Stated Current State &
First
& Principal Principal Paid to Note LTV at Original Payment
Loan Group Balance Balance Date Rate Origination Term Date
411121227 1
126,000.00 125,896.51 01-Jan-2005 6.990% NH - 77.78% 360 01-Feb-2005
TOTAL 126,000.00 125,896.51
Page 13 of 27
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
Foreclosure Report
Loan Number Original Stated Current State &
First
& Principal Principal Paid to Note LTV at Original Payment
Loan Group Balance Balance Date Rate Origination Term Date
410199231 1
104,800.00 103,205.36 01-Feb-2005 7.250% KS - 80.00% 240 01-Jan-2005
410200759 1 99,450.00 98,883.23 01-Mar-2005 7.125% NM - 85.00% 360 01-Jan-2005
411296260 1 174,250.00 173,571.71 01-Mar-2005 8.250% MD - 85.00% 360 01-Mar-2005
411296579 1 106,200.00 105,669.22 01-Mar-2005 7.840% NC - 90.00% 360 01-Feb-2005
412010790 1 173,600.00 172,747.00 01-Feb-2005 7.875% IL - 80.00% 360 01-Feb-2005
412168778 1 196,000.00 194,883.07 01-Apr-2005 7.125% GA - 80.00% 360 01-Feb-2005
412170452 1 196,000.00 195,392.80 01-Mar-2005 7.375% GA - 80.00% 360 01-Mar-2005
412202106 1 109,800.00 109,157.58 01-Mar-2005 6.990% CA - 66.55% 360 01-Feb-2005
412213889 1 83,700.00 83,288.71 01-Apr-2005 7.875% MS - 90.00% 360 01-Feb-2005
412225331 1 190,000.00 189,241.52 01-Apr-2005 8.125% IN - 80.00% 360 01-Mar-2005
411052388 2 70,240.00 70,187.87 01-Jan-2005 7.500% TX - 80.00% 360 01-Feb-2005
411296940 2 111,000.00 110,397.75 01-Apr-2005 7.375% FL - 83.52% 360 01-Feb-2005
412010063 2 81,000.00 80,588.69 01-Apr-2005 8.375% OH - 90.00% 360 01-Feb-2005
412033368 2 84,750.00 84,348.33 01-Feb-2005 8.055% OH - 75.00% 360 01-Feb-2005
412169667 2 74,700.00 74,649.86 01-Jan-2005 7.999% OH - 90.00% 360 01-Feb-2005
412290122 2 175,500.00 174,979.31 01-Feb-2005 7.550% SC - 90.00% 360 01-Mar-2005
501124862 2 63,840.00 63,712.85 01-Feb-2005 9.499% MI - 80.00% 360 01-Mar-2005
TOTAL 2,094,830.00 2,084,904.86
Page 14 of 27
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
Prepayment Report
VOLUNTARY PREPAYMENTS
Group 2 Group 1 Total
Current
Number of Paid in Full Loans 62 79 141
Number of Repurchased Loans 0 0 0
Total Number of Loans Prepaid in Full 62 79 141
Curtailments Amount 20,305.91 24,694.44 45,000.35
Paid in Full Balance 13,827,800.74 14,229,963.14 28,057,763.88
Repurchased Loans Balance 0.00 0.00 0.00
Total Prepayment Amount 13,848,106.65 14,254,657.58 28,102,764.23
Cumulative
Number of Paid in Full Loans 215 227 442
Number of Repurchased Loans 1 0 1
Total Number of Loans Prepaid in Full 216 227 443
Paid in Full Balance 47,205,096.24 40,836,618.62 88,041,714.85
Repurchased Loans Balance 198,000.00 0.00 198,000.00
Curtailments Amount 141,961.44 256,180.99 398,142.43
Total Prepayment Amount 47,545,057.68 41,092,799.61 88,637,857.28
Page 15 of 27
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
VOLUNTARY PREPAYMENTS RATES
Group 2 Group 1 Total
SMM 3.27% 3.32% 3.30%
3 Months Avg SMM 2.51% 2.26% 2.38%
12 Months Avg SMM 1.81% 1.56% 1.69%
Avg SMM Since Cut-off 1.81% 1.56% 1.69%
CPR 32.89% 33.35% 33.12%
3 Months Avg CPR 26.32% 23.95% 25.14%
12 Months Avg CPR 19.69% 17.20% 18.45%
Avg CPR Since Cut-off 19.69% 17.20% 18.45%
PSA 2,323.76% 2,348.66% 2,336.33%
3 Months Avg PSA Approximation 2,166.09% 1,961.54% 2,063.96%
12 Months Avg PSA Approximation 2,149.80% 1,865.34% 2,007.81%
Avg PSA Since Cut-off Approximation 2,149.81% 1,865.34% 2,007.80%
Page 16 of 27
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidations )/(Beg Principal Balance - Sched Principal) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) PSA Standard Prepayment Model: CPR/(0.002*min(30,WAS)) Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn)*(1-SMMn+1)*...*(1-SMMm)]^(1/months in period n,m) Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.002*Avg WASn,m)) Average WASn,m: (min(30,WASn)+min(30,WASn+1)+...+min(30,WASm)/(number of months in the period n,m) Weighted Average Seasoning (WAS) Dates correspond to distribution dates. Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments, liquidations, and repurchases.
Page 17 of 27
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
Prepayment Detail Report
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number Original Current State & Type Prepayment First
& Loan Principal Prepayment Prepayment Note LTV at & Payment
Loan Group Status Balance Amount Date Rate Origination Original Term Date
409271236 1 63,000.00 62,653.75 25-Jul-2005 7.999% FL - 90.00% Paid Off - 360 01-Dec-2004
409283826 2 75,000.00 73,205.02 20-Jul-2005 6.250% VA - 76.92% Paid Off - 180 01-Jan-2005
410129176 1 77,000.00 76,539.29 19-Jul-2005 6.875% SC - 73.54% Paid Off - 360 01-Jan-2005
410132701 1 190,000.00 188,994.23 04-Aug-2005 7.500% NJ - 62.30% Paid Off - 360 01-Jan-2005
410143968 1 94,500.00 94,035.63 22-Jul-2005 7.875% UT - 70.00% Paid Off - 360 01-Jan-2005
410186540 1 97,000.00 96,511.38 21-Jul-2005 7.750% IL - 46.64% Paid Off - 360 01-Jan-2005
410198693 1 108,000.00 107,428.25 10-Aug-2005 7.500% FL - 76.06% Paid Off - 360 01-Jan-2005
410199087 2 128,000.00 127,288.20 28-Jul-2005 7.250% AZ - 80.00% Paid Off - 360 01-Jan-2005
410201672 1 53,600.00 53,212.89 04-Aug-2005 5.890% TX - 80.00% Paid Off - 360 01-Jan-2005
410202082 2 530,000.00 528,319.32 18-Jul-2005 9.250% CA - 73.10% Paid Off - 360 01-Feb-2005
410212804 2 85,000.00 84,466.23 21-Jul-2005 6.625% CA - 15.74% Paid Off - 360 01-Jan-2005
410213695 1 279,000.00 276,936.79 15-Aug-2005 6.625% CA - 90.00% Paid Off - 360 01-Feb-2005
410224370 1 348,800.00 348,799.95 29-Jul-2005 5.600% CA - 80.00% Paid Off - 360 01-Jan-2005
410256229 1 84,600.00 84,173.80 21-Jul-2005 7.750% VA - 90.00% Paid Off - 360 01-Jan-2005
410256751 1 91,000.00 90,356.10 02-Aug-2005 5.999% CA - 72.80% Paid Off - 360 01-Jan-2005
410268027 2 432,000.00 428,804.80 03-Aug-2005 6.125% MI - 80.00% Paid Off - 360 01-Jan-2005
410268965 2 83,600.00 82,984.74 05-Aug-2005 5.790% CA - 73.98% Paid Off - 360 01-Jan-2005
410279774 1 296,000.00 294,519.94 28-Jul-2005 6.990% NJ - 80.00% Paid Off - 360 01-Feb-2005
410282313 2 312,000.00 310,574.09 22-Jul-2005 8.750% AZ - 80.00% Paid Off - 360 01-Jan-2005
410282468 1 185,000.00 183,781.28 26-Jul-2005 6.375% CA - 68.52% Paid Off - 360 01-Jan-2005
410292755 1 145,200.00 144,450.17 28-Jul-2005 7.625% FL - 80.00% Paid Off - 360 01-Jan-2005
410293694 1 123,300.00 122,769.25 20-Jul-2005 7.750% NM - 90.00% Paid Off - 360 01-Feb-2005
411014249 1 149,000.00 148,128.19 22-Jul-2005 6.990% RI - 60.82% Paid Off - 360 01-Jan-2005
411014739 2 147,200.00 146,624.22 05-Aug-2005 8.999% PA - 80.44% Paid Off - 360 01-Jan-2005
411014963 2 143,250.00 142,236.43 12-Aug-2005 5.999% FL - 75.02% Paid Off - 360 01-Jan-2005
411015645 1 109,000.00 108,349.73 11-Aug-2005 6.890% AZ - 80.74% Paid Off - 360 01-Jan-2005
411025820 2 108,800.00 107,993.30 02-Aug-2005 5.750% OH - 80.00% Paid Off - 360 01-Jan-2005
411025990 2 245,000.00 243,800.12 26-Jul-2005 8.000% CA - 61.25% Paid Off - 360 01-Jan-2005
411026058 1 194,000.00 192,721.99 25-Jul-2005 6.375% CA - 84.72% Paid Off - 360 01-Jan-2005
411026116 2 213,000.00 211,667.47 05-Aug-2005 8.250% MD - 82.88% Paid Off - 360 01-Feb-2005
411026348 2 200,000.00 199,173.62 28-Jul-2005 5.750% NM - 75.47% Paid Off - 360 01-Jan-2005
411026766 1 139,000.00 137,956.44 27-Jul-2005 5.990% CA - 56.74% Paid Off - 360 01-Jan-2005
411026774 1 152,000.00 151,270.14 29-Jul-2005 7.990% FL - 80.00% Paid Off - 360 01-Jan-2005
411027617 2 103,500.00 102,895.26 05-Aug-2005 7.000% MO - 86.25% Paid Off - 360 01-Jan-2005
411038036 1 150,000.00 149,011.83 15-Aug-2005 6.375% CA - 68.18% Paid Off - 360 01-Jan-2005
411038045 1 340,200.00 338,443.16 15-Aug-2005 7.625% NJ - 90.00% Paid Off - 360 01-Jan-2005
411038472 1 141,580.00 140,773.14 27-Jul-2005 7.125% DE - 80.00% Paid Off - 360 01-Jan-2005
Page 18 of 27
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number Original Current State & Type Prepayment First
& Loan Principal Prepayment Prepayment Note LTV at & Payment
Loan Group Status Balance Amount Date Rate Origination Original Term Date
411038919 1 215,000.00 213,381.33 29-Jul-2005 5.750% CA - 84.98% Paid Off - 360 01-Jan-2005
411038971 2 218,000.00 216,454.96 04-Aug-2005 5.990% CA - 66.06% Paid Off - 360 01-Jan-2005
411040254 2 152,600.00 151,823.61 12-Aug-2005 7.700% FL - 88.21% Paid Off - 360 01-Jan-2005
411041328 2 135,000.00 134,002.48 03-Aug-2005 5.990% CO - 55.10% Paid Off - 360 01-Jan-2005
411049940 2 129,000.00 128,195.70 21-Jul-2005 8.490% CA - 55.60% Paid Off - 360 01-Mar-2005
411052027 2 464,000.00 461,603.85 08-Aug-2005 7.625% CA - 80.00% Paid Off - 360 01-Jan-2005
411083099 1 346,400.00 344,500.96 18-Jul-2005 6.999% FL - 80.00% Paid Off - 360 01-Mar-2005
411083302 1 210,000.00 208,771.34 25-Jul-2005 6.990% CA - 70.00% Paid Off - 360 01-Jan-2005
411083645 2 150,000.00 149,035.17 02-Aug-2005 6.500% MN - 73.17% Paid Off - 360 01-Jan-2005
411084187 2 360,000.00 357,571.18 15-Aug-2005 6.250% MD - 77.42% Paid Off - 360 01-Jan-2005
411095324 1 135,000.00 134,022.23 01-Aug-2005 5.875% NJ - 69.34% Paid Off - 360 01-Jan-2005
411107362 1 220,000.00 218,666.86 25-Jul-2005 5.990% CA - 80.00% Paid Off - 360 01-Feb-2005
411107419 2 395,494.00 393,183.14 22-Jul-2005 7.000% MD - 70.00% Paid Off - 360 01-Jan-2005
411107575 2 94,350.00 93,896.98 22-Jul-2005 7.990% OH - 85.00% Paid Off - 360 01-Jan-2005
411107743 1 161,025.00 161,024.61 20-Jul-2005 6.625% CA - 84.75% Paid Off - 360 01-Jan-2005
411108549 1 56,000.00 55,536.15 26-Jul-2005 8.750% WA - 61.54% Paid Off - 360 01-Jan-2005
411110356 1 129,150.00 128,466.33 29-Jul-2005 7.500% WA - 90.00% Paid Off - 360 01-Jan-2005
411119160 1 278,900.00 277,351.97 05-Aug-2005 7.375% VA - 88.54% Paid Off - 360 01-Jan-2005
411120968 1 228,000.00 226,934.50 10-Aug-2005 8.125% NJ - 80.00% Paid Off - 360 01-Jan-2005
411153205 1 130,500.00 129,722.97 27-Jul-2005 6.900% MD - 89.08% Paid Off - 360 01-Jan-2005
411153497 2 181,000.00 179,862.70 01-Aug-2005 6.700% CA - 80.44% Paid Off - 360 01-Jan-2005
411164087 1 221,000.00 220,008.12 04-Aug-2005 7.750% RI - 61.39% Paid Off - 360 01-Feb-2005
411164336 1 167,500.00 166,647.45 10-Aug-2005 6.899% CA - 47.18% Paid Off - 360 01-Feb-2005
411164450 1 268,000.00 266,467.65 03-Aug-2005 7.125% CA - 89.33% Paid Off - 360 01-Jan-2005
411164687 2 236,500.00 234,966.47 11-Aug-2005 6.790% CA - 87.27% Paid Off - 360 01-Jan-2005
411165839 1 187,000.00 186,300.68 25-Jul-2005 7.750% MI - 85.00% Paid Off - 360 01-Mar-2005
411176047 1 286,200.00 284,381.71 26-Jul-2005 6.990% MA - 90.00% Paid Off - 360 01-Jan-2005
411176184 1 119,000.00 118,344.59 22-Jul-2005 7.300% FL - 85.00% Paid Off - 360 01-Jan-2005
411176294 1 227,200.00 225,592.36 15-Aug-2005 6.750% MD - 80.00% Paid Off - 360 01-Jan-2005
411176479 1 73,600.00 73,291.02 05-Aug-2005 7.875% CO - 80.00% Paid Off - 360 01-Feb-2005
411176972 1 120,000.00 118,757.16 10-Aug-2005 8.375% SC - 61.54% Paid Off - 240 01-Feb-2005
411177386 1 183,000.00 182,054.78 03-Aug-2005 7.624% VA - 75.00% Paid Off - 360 01-Jan-2005
411189469 2 127,500.00 126,729.74 22-Jul-2005 6.875% CA - 79.69% Paid Off - 360 01-Jan-2005
411221391 2 102,000.00 101,374.72 03-Aug-2005 6.750% OH - 85.00% Paid Off - 360 01-Jan-2005
411221564 1 82,450.00 82,007.59 10-Aug-2005 7.875% FL - 85.00% Paid Off - 360 01-Jan-2005
411233034 1 252,000.00 250,772.73 08-Aug-2005 7.125% NJ - 78.75% Paid Off - 360 01-Feb-2005
411233053 1 128,000.00 127,345.47 22-Jul-2005 6.875% NJ - 80.00% Paid Off - 360 01-Feb-2005
411233257 2 185,000.00 184,187.74 15-Aug-2005 7.650% CA - 51.39% Paid Off - 360 01-Feb-2005
Page 19 of 27
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number Original Current State & Type Prepayment First
& Loan Principal Prepayment Prepayment Note LTV at & Payment
Loan Group Status Balance Amount Date Rate Origination Original Term Date
411233691 1 211,400.00 210,565.37 21-Jul-2005 7.250% NJ - 63.87% Paid Off - 360 01-Mar-2005
411245097 2 180,000.00 179,056.94 25-Jul-2005 6.750% CA - 75.00% Paid Off - 360 01-Feb-2005
411246082 2 73,400.00 72,151.76 28-Jul-2005 6.250% OK - 77.26% Paid Off - 180 01-Mar-2005
411296129 1 189,750.00 188,933.33 10-Aug-2005 7.750% MD - 75.00% Paid Off - 360 01-Feb-2005
411296753 1 243,000.00 241,974.85 01-Aug-2005 7.850% NJ - 90.00% Paid Off - 360 01-Feb-2005
411297940 1 115,200.00 114,624.93 29-Jul-2005 6.999% AZ - 80.00% Paid Off - 360 01-Feb-2005
411309180 1 125,000.00 124,447.80 27-Jul-2005 7.625% MD - 89.29% Paid Off - 360 01-Feb-2005
411309784 2 265,000.00 263,453.96 03-Aug-2005 6.190% CA - 64.32% Paid Off - 360 01-Feb-2005
412010242 1 304,000.00 302,479.93 25-Jul-2005 6.990% NV - 80.00% Paid Off - 360 01-Feb-2005
412010406 2 210,800.00 209,722.05 27-Jul-2005 6.875% CA - 80.00% Paid Off - 360 01-Feb-2005
412011396 2 140,000.00 139,350.07 09-Aug-2005 7.375% NV - 73.68% Paid Off - 360 01-Feb-2005
412011503 1 342,341.00 340,738.65 26-Jul-2005 6.375% HI - 79.61% Paid Off - 360 01-Mar-2005
412019876 2 132,300.00 131,571.18 28-Jul-2005 6.490% FL - 90.00% Paid Off - 360 01-Feb-2005
412021815 2 FCL 472,000.00 472,000.00 12-Aug-2005 7.125% CA - 80.00% Paid Off - 360 01-Feb-2005
412021876 1 169,600.00 169,600.00 25-Jul-2005 7.875% CA - 80.00% Paid Off - 360 01-Feb-2005
412033688 1 180,000.00 179,385.38 27-Jul-2005 8.375% ME - 80.00% Paid Off - 360 01-Mar-2005
412065914 2 184,500.00 183,398.79 04-Aug-2005 6.070% CA - 61.50% Paid Off - 360 01-Feb-2005
412077234 2 368,000.00 366,097.76 18-Jul-2005 6.875% CA - 80.00% Paid Off - 360 01-Feb-2005
412077817 2 122,000.00 121,547.71 29-Jul-2005 8.490% FL - 80.00% Paid Off - 360 01-Feb-2005
412078377 1 209,680.00 208,594.25 02-Aug-2005 5.925% NV - 80.00% Paid Off - 360 01-Mar-2005
412090661 1 223,920.00 222,800.30 28-Jul-2005 6.990% AZ - 80.00% Paid Off - 360 01-Feb-2005
412091311 1 122,000.00 121,458.98 01-Aug-2005 7.600% IL - 69.71% Paid Off - 360 01-Feb-2005
412102480 2 82,400.00 82,027.21 15-Aug-2005 7.499% OH - 80.00% Paid Off - 360 01-Feb-2005
412102686 1 144,000.00 143,315.70 04-Aug-2005 7.250% MD - 71.64% Paid Off - 360 01-Feb-2005
412103053 2 172,900.00 172,419.66 03-Aug-2005 8.990% NJ - 65.00% Paid Off - 360 01-Mar-2005
412134168 1 264,000.00 262,616.87 05-Aug-2005 6.750% MA - 80.00% Paid Off - 360 01-Feb-2005
412134415 2 223,000.00 221,586.20 10-Aug-2005 5.750% CA - 70.79% Paid Off - 360 01-Feb-2005
412145779 1 133,000.00 132,334.99 29-Jul-2005 6.990% VT - 68.21% Paid Off - 360 01-Feb-2005
412157129 2 164,000.00 163,139.56 10-Aug-2005 6.750% MA - 80.00% Paid Off - 360 01-Feb-2005
412157439 2 200,000.00 199,039.97 01-Aug-2005 7.199% MO - 80.00% Paid Off - 360 01-Feb-2005
412157539 2 105,000.00 104,651.47 02-Aug-2005 8.150% CA - 70.00% Paid Off - 360 01-Mar-2005
412157592 1 120,000.00 119,457.21 21-Jul-2005 7.500% CA - 52.17% Paid Off - 360 01-Feb-2005
412158217 1 244,000.00 242,939.61 01-Aug-2005 7.750% CA - 80.00% Paid Off - 360 01-Feb-2005
412169058 2 262,000.00 261,406.67 03-Aug-2005 9.990% CA - 71.78% Paid Off - 360 01-Mar-2005
412169452 2 564,000.00 561,253.33 02-Aug-2005 7.125% NJ - 80.00% Paid Off - 360 01-Feb-2005
412169506 1 289,600.00 289,600.00 28-Jul-2005 7.740% MA - 80.00% Paid Off - 360 01-Feb-2005
412169798 2 400,000.00 398,278.51 29-Jul-2005 7.750% CA - 75.76% Paid Off - 360 01-Feb-2005
412170501 1 256,000.00 255,107.46 19-Jul-2005 7.875% GA - 80.00% Paid Off - 360 01-Mar-2005
Page 20 of 27
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number Original Current State & Type Prepayment First
& Loan Principal Prepayment Prepayment Note LTV at & Payment
Loan Group Status Balance Amount Date Rate Origination Original Term Date
412170705 1 169,200.00 169,200.00 11-Aug-2005 7.375% AZ - 80.00% Paid Off - 360 01-Feb-2005
412170767 2 122,400.00 121,982.99 28-Jul-2005 7.990% MA - 80.00% Paid Off - 360 01-Mar-2005
412171036 1 228,000.00 226,916.53 01-Aug-2005 7.250% ID - 89.06% Paid Off - 360 01-Feb-2005
412171060 2 82,500.00 82,246.51 04-Aug-2005 8.500% CA - 75.00% Paid Off - 360 01-Mar-2005
412202338 2 141,410.00 140,770.39 01-Aug-2005 7.500% AZ - 79.00% Paid Off - 360 01-Feb-2005
412202362 1 144,000.00 143,509.03 12-Aug-2005 7.990% MD - 80.00% Paid Off - 360 01-Mar-2005
412202781 2 93,280.00 92,836.71 04-Aug-2005 7.250% OH - 80.00% Paid Off - 360 01-Feb-2005
412202864 2 488,000.00 485,823.34 19-Jul-2005 6.625% CA - 75.08% Paid Off - 360 01-Mar-2005
412213784 1 114,400.00 113,866.90 10-Aug-2005 6.398% TX - 80.00% Paid Off - 360 01-Mar-2005
412225328 2 488,000.00 488,000.00 09-Aug-2005 7.375% CA - 80.00% Paid Off - 360 01-Feb-2005
412236996 1 148,000.00 147,336.53 01-Aug-2005 6.599% CA - 74.37% Paid Off - 360 01-Mar-2005
412290575 1 144,000.00 143,169.34 12-Aug-2005 6.250% GA - 80.00% Paid Off - 360 01-Feb-2005
501055345 1 160,200.00 159,567.54 18-Jul-2005 7.250% MA - 52.53% Paid Off - 360 01-Mar-2005
501055440 2 310,400.00 308,875.96 12-Aug-2005 6.125% CA - 80.00% Paid Off - 360 01-Mar-2005
501056041 2 240,000.00 239,142.05 12-Aug-2005 7.750% CA - 75.00% Paid Off - 360 01-Mar-2005
501079415 2 276,000.00 274,983.15 27-Jul-2005 7.599% CA - 75.62% Paid Off - 360 01-Mar-2005
501109931 1 225,000.00 223,838.81 29-Jul-2005 6.400% NV - 82.72% Paid Off - 360 01-Mar-2005
501111416 1 281,500.00 280,299.01 29-Jul-2005 6.990% MD - 78.19% Paid Off - 360 01-Mar-2005
501111972 2 399,920.00 398,012.39 12-Aug-2005 6.650% VA - 80.00% Paid Off - 360 01-Mar-2005
501124899 1 300,000.00 298,606.76 03-Aug-2005 6.875% HI - 68.18% Paid Off - 360 01-Mar-2005
501180543 2 158,400.00 157,703.62 08-Aug-2005 6.700% FL - 80.00% Paid Off - 360 01-Mar-2005
501181236 1 93,500.00 93,165.73 22-Jul-2005 7.750% MD - 85.00% Paid Off - 360 01-Mar-2005
501192932 2 540,800.00 538,328.42 29-Jul-2005 6.499% NM - 80.00% Paid Off - 360 01-Mar-2005
501193514 2 256,000.00 254,885.43 29-Jul-2005 6.750% CA - 80.00% Paid Off - 360 01-Mar-2005
501193548 2 144,000.00 143,448.09 20-Jul-2005 7.400% NV - 75.20% Paid Off - 360 01-Mar-2005
501203937 2 95,900.00 95,687.63 03-Aug-2005 8.990% NJ - 70.00% Paid Off - 360 01-Apr-2005
501216199 1 80,000.00 79,743.47 03-Aug-2005 8.290% NE - 65.57% Paid Off - 360 01-Mar-2005
501247000 1 287,600.00 287,600.00 08-Aug-2005 7.000% MD - 80.00% Paid Off - 360 01-Mar-2005
TOTAL 28,192,700.00 28,057,763.88
Page 21 of 27
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
Realized Loss Report
COLLATERAL REALIZED LOSSES
Group 2 Group 1 Total
Current
Number of Loans Liquidated 0 0 0
Collateral Principal Realized Loss/(Gain) Amount 0.00 0.00 0.00
Collateral Interest Realized Loss/(Gain) Amount 0.00 0.00 0.00
Net Liquidation Proceeds 0.00 0.00 0.00
Cumulative
Number of Loans Liquidated 0 0 0
Collateral Realized Loss/(Gain) Amount 0.00 0.00 0.00
Net Liquidation Proceeds 0.00 0.00 0.00
Page 22 of 27
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
DEFAULT SPEEDS
Group 2 Group 1 Total
MDR 0.00% 0.00% 0.00%
3 Months Avg MDR 0.00% 0.00% 0.00%
12 Months Avg MDR 0.00% 0.00% 0.00%
Avg MDR Since Cut-off 0.00% 0.00% 0.00%
CDR 0.00% 0.00% 0.00%
3 Months Avg CDR 0.00% 0.00% 0.00%
12 Months Avg CDR 0.00% 0.00% 0.00%
Avg CDR Since Cut-off 0.00% 0.00% 0.00%
SDA 0.00% 0.00% 0.00%
3 Months Avg SDA Approximation 0.00% 0.00% 0.00%
12 Months Avg SDA Approximation 0.00% 0.00% 0.00%
Avg SDA Since Cut-off Approximation 0.00% 0.00% 0.00%
Loss Severity Approximation for Current Period 0.00% 0.00% 0.00%
3 Months Avg Loss Severity Approximation 0.00% 0.00% 0.00%
12 Months Avg Loss Severity Approximation 0.00% 0.00% 0.00%
Avg Loss Severity Approximation Since Cut-off 0.00% 0.00% 0.00%
Page 23 of 27
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)*0.02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn)*(1-MDRn+1)*...*(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)*0.02,MAX(0.03,MIN(30,Avg WASn,m)*0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +...+ WASm )/(number of months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
Dates correspond to distribution dates.
Page 24 of 27
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
Realized Loss Detail Report
Loan Number Current State & Prior Realized Cumulative
& Loan Note LTV at Original Principal Loss/(Gain) Realized Realized
Loan Group Status Rate Origination Term Balance Revision Loss/(Gain) Loss/(Gain)
TOTAL
Page 25 of 27
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
Group 2 Group 1 Total
Has the Stepdown Date Occurred? (0=No,1=Yes) 0
Does the Group I Seq. Trigger Event Exist? 0
Does the Trigger Event Exist? (0=No,1=Yes) 0
A Trigger Event Exists if either (i) or (ii) are true
(i) The quotient of ( (1)/(2) > (3) )
(1) 60+ Day Rolling Delinquency Balance 3,411,312.59
(2) Stated Principal Balance 824,403,062.42
60+ Day Delinquency % ( (1)/(2) ) 0.413792%
(3) 37% of Senior Enhancement % 7.100027%
(ii) The quotient of ( (4)/(5) > (6))
(4) Aggregate Cumulative Realized Loss 0.00
(5) Cutoff Date Pool Principal Balance 917,229,180.17
Trigger Event Loss % ( (4)/(5) ) 0.000000%
(6) Applicable Loss % 0.000000%
ADJUSTABLE RATE CERTIFICATE INFORMATION
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION
Group 2 Group 1 Total
Current LIBOR Rate 3.460000%
Next LIBOR Rate 0.000000%
Page 26 of 27
Accredited Mortgage Loan Trust 2005-1
Asset Backed Notes
2005-1
August 25, 2005 Distribution
Other Related Information
ADDITIONAL INFORMATION
Group 2 Group 1 Total
Current Scheduled Payments 5,624,080.49
Current Scheduled Payments 1 Month Prior 5,776,281.00
Current Scheduled Payments 2 Month Prior 5,872,213.43
Current Scheduled Payments 3 Month Prior 5,949,291.59
Current Scheduled Payments 4 Month Prior 6,027,237.09
Current Scheduled Payments 5 Month Prior 6,057,863.94
Current Scheduled Payments 6 Month Prior 0.00
Current Scheduled Payments 7 Month Prior 0.00
Current Scheduled Payments 8 Month Prior 0.00
Current Scheduled Payments 9 Month Prior 0.00
Current Scheduled Payments 10 Month Prior 0.00
Current Scheduled Payments 11 Month Prior 0.00
Delinquent 60+ Scheduled Payments 34,591.93
Delinq. 60+ Sched. Pmnts, 1 Month Prior 27,066.62
Delinq. 60+ Sched. Pmnts, 2 Month Prior 15,965.11
Delinq. 60+ Sched. Pmnts, 3 Month Prior 8,741.33
Delinq. 60+ Sched. Pmnts, 4 Month Prior 611.86
Delinq. 60+ Sched. Pmnts, 5 Month Prior 0.00
Delinq. 60+ Sched. Pmnts, 6 Month Prior 0.00
Delinq. 60+ Sched. Pmnts, 7 Month Prior 0.00
Delinq. 60+ Sched. Pmnts, 8 Month Prior 0.00
Delinq. 60+ Sched. Pmnts, 9 Month Prior 0.00
Delinq. 60+ Sched. Pmnts, 10 Month Prior 0.00
Delinq. 60+ Sched. Pmnts, 11 Month Prior 0.00
Page 27 of 27