8-K 1 ac050207.htm 8K


                                     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):  July 25, 2005
                          (Date of earliest event reported)

                  Accredited Home Lenders, Inc. (as Seller, under the
             Indenture dated as May 1, 2005 providing for the issuance of
                         Accredited Mortgage Loan Trust 2005-2
                (Exact name of Registrant as specified in its Charter)

                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-109964-07                             33-0426859
          (Commission File Number)        (I.R.S. Employer Identification No.)


          15090 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
     July 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:  Jul 27, 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 July 25, 2005.


			
                       
Accredited Mortgage Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
July 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 20
11. Realized Loss Detail Report 23
Servicer(s)
12. Triggers and Adj. Cert. Report 24
Accredited Home Lenders
13. Other Related Information 25
Underwriter(s)
Lehman Brothers
Total Number of Pages 25
Dates Contacts
Cut-Off Date: May 01, 2005 Nicholas Gisler
Close Date: May 26, 2005 Administrator
First Distribution Date: June 27, 2005 (714) 247-6268
Nicholas.Gisler@db.com
Address:
1761 East St. Andrew Place, Santa Ana, CA 92705
Distribution Date: July 25, 2005
Factor Information: (800) 735-7777
Record Date: June 30, 2005
Main Phone Number: (714) 247-6000
July 22, 2005
https://www.tss.db.com/invr
Page 1 of 25
Accredited Mortgage Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
July 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-1 FLT $ 187,263,000.00 185,271,469.15 509,304.27 1,981,395.70 2,490,699.97 0.00 0.00 183,290,073.45
A-2A FLT $ 287,445,000.00 282,111,798.81 749,184.24 8,722,471.97 9,471,656.21 0.00 0.00 273,389,326.84
A-2B FLT $ 294,222,000.00 294,222,000.00 806,516.77 0.00 806,516.77 0.00 0.00 294,222,000.00
A-2C FLT $ 71,582,000.00 71,582,000.00 204,013.95 0.00 204,013.95 0.00 0.00 71,582,000.00
M-1 MEZ $ 32,250,000.00 32,250,000.00 93,169.03 0.00 93,169.03 0.00 0.00 32,250,000.00
M-2 MEZ $ 28,722,000.00 28,722,000.00 83,870.35 0.00 83,870.35 0.00 0.00 28,722,000.00
M-3 MEZ $ 18,141,000.00 18,141,000.00 53,537.44 0.00 53,537.44 0.00 0.00 18,141,000.00
M-4 MEZ $ 16,629,000.00 16,629,000.00 50,627.29 0.00 50,627.29 0.00 0.00 16,629,000.00
M-5 MEZ $ 15,621,000.00 15,621,000.00 47,922.90 0.00 47,922.90 0.00 0.00 15,621,000.00
M-6 MEZ $ 12,598,000.00 12,598,000.00 39,138.71 0.00 39,138.71 0.00 0.00 12,598,000.00
M-7 MEZ $ 11,085,000.00 11,085,000.00 38,317.96 0.00 38,317.96 0.00 0.00 11,085,000.00
M-8 MEZ $ 8,063,000.00 8,063,000.00 28,624.24 0.00 28,624.24 0.00 0.00 8,063,000.00
M-9 MEZ $ 10,078,000.00 10,078,000.00 38,677.86 0.00 38,677.86 0.00 0.00 10,078,000.00
M-10 MEZ $ 6,047,000.00 6,047,000.00 27,346.32 0.00 27,346.32 0.00 0.00 6,047,000.00
M-11 MEZ $ 8,062,000.00 8,062,000.00 36,458.75 0.00 36,458.75 0.00 0.00 8,062,000.00
TRUST EXE $ 0.00 0.00 2,189,893.67 0.00 2,189,893.67 0.00 0.00 0.00
Total 1,007,808,000.00 1,000,483,267.96 4,996,603.75 10,703,867.67 15,700,471.42 0.00 0.00 989,779,400.29
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-1 06/27/05 07/24/05 A-Act/360 004375CZ2 187,263,000.00 989.365060 2.719727 10.580818 13.300545 978.784242
A-2A 06/27/05 07/24/05 A-Act/360 004375DA6 287,445,000.00 981.446186 2.606357 30.344838 32.951195 951.101348
A-2B 06/27/05 07/24/05 A-Act/360 004375DB4 294,222,000.00 1,000.000000 2.741184 0.000000 2.741184 1,000.000000
A-2C 06/27/05 07/24/05 A-Act/360 004375DC2 71,582,000.00 1,000.000000 2.850073 0.000000 2.850073 1,000.000000
M-1 06/27/05 07/24/05 A-Act/360 004375DD0 32,250,000.00 1,000.000000 2.888962 0.000000 2.888962 1,000.000000
M-2 06/27/05 07/24/05 A-Act/360 004375DE8 28,722,000.00 1,000.000000 2.920073 0.000000 2.920073 1,000.000000
M-3 06/27/05 07/24/05 A-Act/360 004375DF5 18,141,000.00 1,000.000000 2.951185 0.000000 2.951185 1,000.000000
M-4 06/27/05 07/24/05 A-Act/360 004375DG3 16,629,000.00 1,000.000000 3.044518 0.000000 3.044518 1,000.000000
M-5 06/27/05 07/24/05 A-Act/360 004375DH1 15,621,000.00 1,000.000000 3.067851 0.000000 3.067851 1,000.000000
M-6 06/27/05 07/24/05 A-Act/360 004375DJ7 12,598,000.00 1,000.000000 3.106740 0.000000 3.106740 1,000.000000
M-7 06/27/05 07/24/05 A-Act/360 004375DK4 11,085,000.00 1,000.000000 3.456740 0.000000 3.456740 1,000.000000
M-8 06/27/05 07/24/05 A-Act/360 004375DL2 8,063,000.00 1,000.000000 3.550073 0.000000 3.550073 1,000.000000
M-9 06/27/05 07/24/05 A-Act/360 004375DM0 10,078,000.00 1,000.000000 3.837851 0.000000 3.837851 1,000.000000
M-10 06/27/05 07/24/05 A-Act/360 004375DN8 6,047,000.00 1,000.000000 4.522295 0.000000 4.522295 1,000.000000
M-11 06/27/05 07/24/05 A-Act/360 004375DP3 8,062,000.00 1,000.000000 4.522296 0.000000 4.522296 1,000.000000
TRUST 06/01/05 06/30/05 A-30/360 AC0502001 0.00 0.000000 0.000000 0.000000 0.000000 0.000000
Page 2 of 25
Accredited Mortgage Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
July 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-1 187,263,000.00 1,060,273.63 3,652,298.93 320,627.62 3,972,926.55 5,033,200.18 0.00 0.00 183,290,073.45
A-2A 287,445,000.00 1,564,250.51 12,973,588.53 1,082,084.63 14,055,673.16 15,619,923.67 0.00 0.00 273,389,326.84
A-2B 294,222,000.00 1,669,567.97 0.00 0.00 0.00 1,669,567.97 0.00 0.00 294,222,000.00
A-2C 71,582,000.00 422,895.80 0.00 0.00 0.00 422,895.80 0.00 0.00 71,582,000.00
M-1 32,250,000.00 193,215.70 0.00 0.00 0.00 193,215.70 0.00 0.00 32,250,000.00
M-2 28,722,000.00 173,993.60 0.00 0.00 0.00 173,993.60 0.00 0.00 28,722,000.00
M-3 18,141,000.00 111,104.88 0.00 0.00 0.00 111,104.88 0.00 0.00 18,141,000.00
M-4 16,629,000.00 105,170.41 0.00 0.00 0.00 105,170.41 0.00 0.00 16,629,000.00
M-5 15,621,000.00 99,576.34 0.00 0.00 0.00 99,576.34 0.00 0.00 15,621,000.00
M-6 12,598,000.00 81,356.01 0.00 0.00 0.00 81,356.01 0.00 0.00 12,598,000.00
M-7 11,085,000.00 79,899.03 0.00 0.00 0.00 79,899.03 0.00 0.00 11,085,000.00
M-8 8,063,000.00 59,729.50 0.00 0.00 0.00 59,729.50 0.00 0.00 8,063,000.00
M-9 10,078,000.00 80,871.09 0.00 0.00 0.00 80,871.09 0.00 0.00 10,078,000.00
M-10 6,047,000.00 57,393.19 0.00 0.00 0.00 57,393.19 0.00 0.00 6,047,000.00
M-11 8,062,000.00 76,517.93 0.00 0.00 0.00 76,517.93 0.00 0.00 8,062,000.00
TRUST 0.00 4,332,580.77 0.00 0.00 0.00 4,332,580.77 0.00 0.00 0.00
Total 1,007,808,000.00 10,168,396.36 16,625,887.46 1,402,712.25 18,028,599.71 28,196,996.07 0.00 0.00 989,779,400.29
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-1 3.53438% 185,271,469.15 509,304.27 0.00 0.00 0.00 509,304.27 509,304.27 0.00
A-2A 3.41438% 282,111,798.81 749,184.24 0.00 0.00 0.00 749,184.24 749,184.24 0.00
A-2B 3.52438% 294,222,000.00 806,516.77 0.00 0.00 0.00 806,516.77 806,516.77 0.00
A-2C 3.66438% 71,582,000.00 204,013.95 0.00 0.00 0.00 204,013.95 204,013.95 0.00
M-1 3.71438% 32,250,000.00 93,169.03 0.00 0.00 0.00 93,169.03 93,169.03 0.00
M-2 3.75438% 28,722,000.00 83,870.35 0.00 0.00 0.00 83,870.35 83,870.35 0.00
M-3 3.79438% 18,141,000.00 53,537.44 0.00 0.00 0.00 53,537.44 53,537.44 0.00
M-4 3.91438% 16,629,000.00 50,627.29 0.00 0.00 0.00 50,627.29 50,627.29 0.00
M-5 3.94438% 15,621,000.00 47,922.90 0.00 0.00 0.00 47,922.90 47,922.90 0.00
M-6 3.99438% 12,598,000.00 39,138.71 0.00 0.00 0.00 39,138.71 39,138.71 0.00
M-7 4.44438% 11,085,000.00 38,317.96 0.00 0.00 0.00 38,317.96 38,317.96 0.00
M-8 4.56438% 8,063,000.00 28,624.24 0.00 0.00 0.00 28,624.24 28,624.24 0.00
M-9 4.93438% 10,078,000.00 38,677.86 0.00 0.00 0.00 38,677.86 38,677.86 0.00
M-10 5.81438% 6,047,000.00 27,346.32 0.00 0.00 0.00 27,346.32 27,346.32 0.00
M-11 5.81438% 8,062,000.00 36,458.75 0.00 0.00 0.00 36,458.75 36,458.75 0.00
TRUST 0.00000% 0.00 0.00 0.00 0.00 0.00 0.00 2,189,893.67 0.00
Total 1,000,483,267.96 2,806,710.08 0.00 0.00 0.00 2,806,710.08 4,996,603.75 0.00
Page 3 of 25
Accredited Mortgage Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
July 25, 2005 Distribution
Collection Account Report
SUMMARY
Group 2 Group 1 Total
Principal Collections 8,722,471.97 1,981,395.70 10,703,867.67
Principal Withdrawals 0.00 0.00 0.00
Principal Other Accounts 0.00 0.00 0.00
TOTAL NET PRINCIPAL 8,722,471.97 1,981,395.70 10,703,867.67
Interest Collections 4,405,950.77 1,262,480.45 5,668,431.23
Interest Withdrawals -0.00 -0.00 -0.00
Interest Fees -76,093.37 -20,634.30 -96,727.67
Interest Other Accounts (575,099.81)
TOTAL NET INTEREST 4,329,857.41 1,241,846.15 4,996,603.75
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION 15,700,471.42
PRINCIPAL - COLLECTIONS
Group 2 Group 1 Total
Scheduled Principal Received 539,871.41 160,254.26 700,125.67
Curtailments 20,325.38 12,719.36 33,044.74
Prepayments In Full 7,995,075.18 1,700,571.23 9,695,646.41
Repurchased/Substitutions 167,200.00 107,850.85 275,050.85
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 -415,649.26 -126,574.28 -542,223.54
Realized Losses -0.00 -0.00 -0.00
Advanced Principal 415,649.26 126,574.28 542,223.54
TOTAL PRINCIPAL COLLECTED 8,722,471.97 1,981,395.70 10,703,867.67
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 25
Accredited Mortgage Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
July 25, 2005 Distribution
INTEREST - COLLECTIONS
Group 2 Group 1 Total
Scheduled Interest 4,654,250.34 1,334,236.29 5,988,486.63
Repurchased/Substitution Interest 1,045.00 707.77 1,752.77
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 -3,467.24 -1,639.83 -5,107.07
Delinquent Interest -3,601,077.75 -1,043,000.34 -4,644,078.09
Compensating Interest 3,467.23 1,639.83 5,107.06
Civil Relief Act Shortfalls -0.00 -0.00 -0.00
Interest Advanced 3,351,733.19 970,536.72 4,322,269.91
TOTAL INTEREST COLLECTED 4,405,950.77 1,262,480.45 5,668,431.23
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 176,899.87
Net Swap Payment (751,999.68)
TOTAL INTEREST OTHER ACCOUNTS (575,099.81)
INTEREST - FEES
Group 2 Group 1 Total
Current Servicing Fees 74,796.80 20,263.40 95,060.20
Tax Fees 0.00
Trustee Fees 1,296.57 370.91 1,667.47
TOTAL INTEREST FEES 76,093.37 20,634.30 96,727.67
Page 5 of 25
Accredited Mortgage Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
July 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 827.51
Overcollateralization Reduction Amount 0.00
Overcollateralization Deficiency Amount 0.00
Overcollateralization Target Amount 12,093,696.00
Page 6 of 25
Accredited Mortgage Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
July 25, 2005 Distribution
Collateral Report
COLLATERAL
Group 2 Group 1 Total
Loan Count:
Original 4,363 1,635 5,998
Prior 4,337 1,626 5,963
Prefunding 0 0 0
Scheduled Paid Offs -0 -0 -0
Full Voluntary Prepayments -34 -12 -46
Repurchases -1 -1 -2
Liquidations -0 -0 -0
Current 4,302 1,613 5,915
Principal Balance:
Original 783,272,476.25 224,536,351.26 1,007,808,827.51
Prior 777,939,275.06 222,544,820.41 1,000,484,095.47
Prefunding 0.00 0.00 0.00
Scheduled Principal -539,871.41 -160,254.26 -700,125.67
Partial Prepayments -20,325.38 -12,719.36 -33,044.74
Full Voluntary Prepayments -7,995,075.18 -1,700,571.23 -9,695,646.41
Repurchases -167,200.00 -107,850.85 -275,050.85
Liquidations -0.00 -0.00 -0.00
Current 769,216,803.09 220,563,424.71 989,780,227.80
PREFUNDING
SPACE INTENTIONALLY LEFT BLANK
Page 7 of 25
Accredited Mortgage Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
July 25, 2005 Distribution
CHARACTERISTICS
Group 2 Group 1 Total
Weighted Average Coupon Original 7.18400% 7.19822% 7.18717%
Weighted Average Coupon Prior 7.18400% 7.19822% 7.18717%
Weighted Average Coupon Current 7.18096% 7.19873% 7.18492%
Weighted Average Months to Maturity Original 352 351 352
Weighted Average Months to Maturity Prior 352 351 352
Weighted Average Months to Maturity Current 351 350 351
Weighted Avg Remaining Amortization Term Original 352 351 352
Weighted Avg Remaining Amortization Term Prior 352 351 352
Weighted Avg Remaining Amortization Term Current 351 350 351
Weighted Average Seasoning Original 1.98 2.01 1.98
Weighted Average Seasoning Prior 1.98 2.01 1.98
Weighted Average Seasoning Current 2.97 3.01 2.98
Page 8 of 25
Accredited Mortgage Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
July 25, 2005 Distribution
ARM CHARACTERISTICS
Group 2 Group 1 Total
Weighted Average Margin Original 5.77715% 5.70308% 5.75893%
Weighted Average Margin Prior 5.77715% 5.70308% 5.75893%
Weighted Average Margin Current 5.77348% 5.70583% 5.75688%
Weighted Average Max Rate Original 14.25165% 14.18550% 14.23538%
Weighted Average Max Rate Prior 14.25165% 14.18550% 14.23538%
Weighted Average Max Rate Current 14.25169% 14.19289% 14.23726%
Weighted Average Min Rate Original 7.25491% 7.19084% 7.23915%
Weighted Average Min Rate Prior 7.25491% 7.19084% 7.23915%
Weighted Average Min Rate Current 72.39630% 71.85874% 72.26440%
Weighted Average Cap Up Original 1.49607% 1.49528% 1.49588%
Weighted Average Cap Up Prior 1.49607% 1.49528% 1.49588%
Weighted Average Cap Up Current 1.49605% 1.49523% 1.49585%
Weighted Average Cap Down Original 1.49607% 1.49528% 1.49588%
Weighted Average Cap Down Prior 1.49607% 1.49528% 1.49588%
Weighted Average Cap Down Current 1.49605% 1.49523% 1.49585%
SERVICING FEES & ADVANCES
Group 2 Group 1 Total
Current Servicing Fees 74,796.80 20,263.40 95,060.20
Delinquent Servicing Fees 249,344.56 72,463.61 321,808.17
TOTAL SERVICING FEES 324,141.37 92,727.01 416,868.38
Total Servicing Fees 324,141.37 92,727.01 416,868.38
Compensating Interest -3,467.23 -1,639.83 -5,107.06
Delinquent Servicing Fees -249,344.56 -72,463.61 -321,808.17
COLLECTED SERVICING FEES 71,329.57 18,623.57 89,953.15
Total Advanced Interest 3,351,733.19 970,536.72 4,322,269.91
Total Advanced Principal 415,649.26 126,574.28 542,223.54
Aggregate Advances with respect to this Distribution 3,767,382.44 1,097,111.00 4,864,493.44
ADDITIONAL COLLATERAL INFORMATION
Group 2 Group 1 Total
Prepayment Interest Shortfall (PPIS) 3,467.24 1,639.83 5,107.07
Compensating Interest -3,467.23 -1,639.83 -5,107.06
Net Prepayment Interest Shortfall (PPIS) 0.00 0.00 0.00
Ending Pool Stated Principal Balance 769,216,803.09 220,563,424.71 989,780,227.80
Weighted Average Net Mortgage Rate 6.678965% 6.696248% 6.682809%
Page 9 of 25
Accredited Mortgage Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
July 25, 2005 Distribution
Delinquency Report
TOTAL
< 1 PAYMENT 1 PAYMENT 2 PAYMENTS 3+ PAYMENTS TOTAL
DELINQUENT Balance 2,915,800.17 0.00 0.00 2,915,800.17
% Balance 0.29% 0.00% 0.00% 0.29%
# Loans 10 0 0 10
% # Loans 0.17% 0.00% 0.00% 0.17%
FORECLOSURE 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%
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 2,915,800.17 0.00 0.00 2,915,800.17
% Balance 0.00% 0.29% 0.00% 0.00% 0.29%
# Loans 0 10 0 0 10
% # Loans 0.00% 0.17% 0.00% 0.00% 0.17%
Page 10 of 25
Accredited Mortgage Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
July 25, 2005 Distribution
GROUP 1
< 1 PAYMENT 1 PAYMENT 2 PAYMENTS 3+ PAYMENTS TOTAL
DELINQUENT Balance 344,483.44 0.00 0.00 344,483.44
% Balance 0.16% 0.00% 0.00% 0.16%
# Loans 2 0 0 2
% # Loans 0.12% 0.00% 0.00% 0.12%
FORECLOSURE 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%
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 0.00 344,483.44 0.00 0.00 344,483.44
% Balance 0.00% 0.16% 0.00% 0.00% 0.16%
# Loans 0 2 0 0 2
% # Loans 0.00% 0.12% 0.00% 0.00% 0.12%
Page 11 of 25
Accredited Mortgage Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
July 25, 2005 Distribution
GROUP 2
< 1 PAYMENT 1 PAYMENT 2 PAYMENTS 3+ PAYMENTS TOTAL
DELINQUENT Balance 2,571,316.73 0.00 0.00 2,571,316.73
% Balance 0.33% 0.00% 0.00% 0.33%
# Loans 8 0 0 8
% # Loans 0.19% 0.00% 0.00% 0.19%
FORECLOSURE 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%
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 2,571,316.73 0.00 0.00 2,571,316.73
% Balance 0.00% 0.33% 0.00% 0.00% 0.33%
# Loans 0 8 0 0 8
% # Loans 0.00% 0.19% 0.00% 0.00% 0.19%
Page 12 of 25
Accredited Mortgage Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
July 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
TOTAL
Page 13 of 25
Accredited Mortgage Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
July 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
TOTAL
Page 14 of 25
Accredited Mortgage Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
July 25, 2005 Distribution
Prepayment Report
VOLUNTARY PREPAYMENTS
Group 2 Group 1 Total
Current
Number of Paid in Full Loans 34 12 46
Number of Repurchased Loans 1 1 2
Total Number of Loans Prepaid in Full 35 13 48
Curtailments Amount 20,325.38 12,719.36 33,044.74
Paid in Full Balance 7,995,075.18 1,700,571.23 9,695,646.41
Repurchased Loans Balance 167,200.00 107,850.85 275,050.85
Total Prepayment Amount 8,182,600.56 1,821,141.44 10,003,742.00
Cumulative
Number of Paid in Full Loans 58 21 79
Number of Repurchased Loans 1 1 2
Total Number of Loans Prepaid in Full 59 22 81
Paid in Full Balance 12,251,415.00 3,514,990.63 15,766,405.63
Repurchased Loans Balance 167,200.00 107,850.85 275,050.85
Curtailments Amount 47,248.08 29,182.90 76,430.98
Total Prepayment Amount 12,465,863.08 3,652,024.38 16,117,887.46
Page 15 of 25
Accredited Mortgage Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
July 25, 2005 Distribution
VOLUNTARY PREPAYMENTS RATES
Group 2 Group 1 Total
SMM 1.05% 0.82% 1.00%
3 Months Avg SMM 0.83% 0.82% 0.83%
12 Months Avg SMM 0.83% 0.82% 0.83%
Avg SMM Since Cut-off 0.83% 0.82% 0.83%
CPR 11.92% 9.40% 11.37%
3 Months Avg CPR 9.55% 9.38% 9.51%
12 Months Avg CPR 9.55% 9.38% 9.51%
Avg CPR Since Cut-off 9.55% 9.38% 9.51%
PSA 2,005.47% 1,562.83% 1,907.10%
3 Months Avg PSA Approximation 1,929.15% 1,871.31% 1,916.14%
12 Months Avg PSA Approximation 1,929.15% 1,871.31% 1,916.14%
Avg PSA Since Cut-off Approximation 1,929.15% 1,871.31% 1,916.14%
Page 16 of 25
Accredited Mortgage Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
July 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 25
Accredited Mortgage Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
July 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
412010587 2 176,500.00 176,061.96 07-Jul-2005 6.990% PA - 63.26% Paid Off - 360 01-Apr-2005
501193214 2 62,000.00 61,867.86 05-Jul-2005 7.750% FL - 62.00% Paid Off - 360 01-Apr-2005
501203819 2 82,000.00 81,849.91 12-Jul-2005 8.500% MD - 58.57% Paid Off - 360 01-Apr-2005
501216382 2 184,000.00 183,671.73 30-Jun-2005 8.625% NJ - 80.00% Paid Off - 360 01-Apr-2005
501248479 2 117,000.00 116,530.03 01-Jul-2005 6.375% VA - 82.69% Paid Off - 360 01-Apr-2005
501259039 1 165,000.00 164,665.62 12-Jul-2005 8.000% MD - 66.00% Paid Off - 360 01-Apr-2005
501261130 2 65,000.00 64,834.65 12-Jul-2005 8.250% NV - 25.49% Paid Off - 360 01-Apr-2005
501284415 2 445,000.00 444,051.66 06-Jul-2005 7.750% NJ - 64.96% Paid Off - 360 01-Apr-2005
501315446 2 209,300.00 208,742.93 20-Jun-2005 6.625% CA - 70.00% Paid Off - 360 01-Apr-2005
502017958 1 137,040.00 136,684.03 05-Jul-2005 6.750% IL - 80.00% Paid Off - 360 01-Apr-2005
502030765 2 267,000.00 266,500.74 05-Jul-2005 8.400% CA - 84.76% Paid Off - 360 01-Apr-2005
502074557 2 273,600.00 272,853.95 07-Jul-2005 6.500% MD - 80.00% Paid Off - 360 01-Apr-2005
502100482 2 179,000.00 178,546.20 14-Jul-2005 6.999% IL - 74.90% Paid Off - 360 01-Apr-2005
502109152 2 110,500.00 110,292.51 17-Jun-2005 8.375% MD - 85.00% Paid Off - 360 01-Apr-2005
502111372 2 72,000.00 71,905.48 13-Jul-2005 8.125% TX - 69.90% Paid Off - 360 01-May-2005
502142802 2 605,000.00 603,389.56 21-Jun-2005 6.625% MD - 87.68% Paid Off - 360 01-Apr-2005
502143183 2 100,000.00 99,353.37 14-Jul-2005 6.750% TX - 80.00% Paid Off - 180 01-May-2005
502143879 2 131,500.00 131,211.20 30-Jun-2005 7.600% CA - 65.42% Paid Off - 360 01-Apr-2005
502154665 2 244,720.00 244,720.00 08-Jul-2005 6.999% OK - 80.00% Paid Off - 360 01-Apr-2005
502154899 2 116,000.00 115,814.78 30-Jun-2005 7.250% NM - 80.00% Paid Off - 360 01-May-2005
502166947 1 132,000.00 131,731.97 23-Jun-2005 7.990% NJ - 80.00% Paid Off - 360 01-Apr-2005
502178444 1 109,800.00 109,553.93 12-Jul-2005 7.499% IL - 90.00% Paid Off - 360 01-Apr-2005
502235195 2 441,000.00 440,375.47 30-Jun-2005 7.750% CA - 90.00% Paid Off - 360 01-May-2005
502246509 2 206,400.00 206,400.00 14-Jul-2005 7.990% VA - 80.00% Paid Off - 360 01-May-2005
502289299 1 115,200.00 115,037.68 30-Jun-2005 7.775% NM - 90.00% Paid Off - 360 01-May-2005
503011672 1 192,200.00 191,815.62 29-Jun-2005 5.990% MD - 74.50% Paid Off - 360 01-May-2005
503023948 1 110,000.00 109,817.15 13-Jul-2005 6.990% MD - 44.00% Paid Off - 360 01-May-2005
503080070 2 166,500.00 166,286.92 06-Jul-2005 8.250% MO - 90.00% Paid Off - 360 01-May-2005
503093055 2 467,000.00 466,304.65 14-Jul-2005 7.500% NJ - 89.81% Paid Off - 360 01-May-2005
503104447 2 107,200.00 107,032.22 21-Jun-2005 7.250% WI - 80.00% Paid Off - 360 01-May-2005
503104620 2 271,800.00 271,639.52 12-Jul-2005 8.625% NJ - 90.00% Paid Off - 360 01-Jun-2005
503104695 2 518,400.00 517,547.66 24-Jun-2005 7.000% VT - 80.00% Paid Off - 360 01-May-2005
503105176 1 79,000.00 78,852.55 20-Jun-2005 6.350% CA - 54.48% Paid Off - 360 01-May-2005
503146993 1 197,250.00 196,956.29 21-Jun-2005 7.500% VT - 75.00% Paid Off - 360 01-May-2005
503162398 2 380,000.00 379,487.31 13-Jul-2005 7.990% CA - 80.00% Paid Off - 360 01-May-2005
503216401 2 221,455.00 221,320.84 30-Jun-2005 8.500% MD - 82.48% Paid Off - 360 01-Jun-2005
503217334 2 139,500.00 139,307.35 21-Jun-2005 7.875% FL - 90.00% Paid Off - 360 01-May-2005
Page 18 of 25
Accredited Mortgage Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
July 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
503229880 2 222,156.00 222,155.99 23-Jun-2005 7.490% AZ - 80.00% Paid Off - 360 01-May-2005
503242375 2 300,000.00 300,000.00 01-Jul-2005 6.125% FL - 62.50% Paid Off - 360 01-May-2005
503298038 2 726,750.00 726,309.73 13-Jul-2005 8.500% FL - 75.00% Paid Off - 360 01-Jun-2005
503308512 1 73,950.00 73,909.61 12-Jul-2005 9.000% MO - 85.00% Paid Off - 360 01-Jun-2005
504110992 2 225,000.00 224,836.29 15-Jul-2005 7.599% MO - 78.95% Paid Off - 360 01-Jun-2005
504112003 2 55,000.00 54,952.73 14-Jul-2005 6.759% CA - 27.50% Paid Off - 360 01-Jun-2005
504122698 2 119,000.00 118,919.98 08-Jul-2005 7.990% MA - 85.00% Paid Off - 360 01-Jun-2005
504135492 1 232,000.00 231,765.48 21-Jun-2005 5.920% FL - 62.70% Paid Off - 360 01-Jun-2005
504282929 1 159,900.00 159,781.30 16-Jun-2005 7.499% IL - 78.00% Paid Off - 360 01-Jun-2005
502167591 2 167,200.00 167,200.00 27-Jun-2005 7.500% AZ - 80.00% Repur/Subs - 360 01-May-2005
503184660 1 108,000.00 107,850.85 15-Jul-2005 7.875% MO - 80.00% Repur/Subs - 360 01-May-2005
TOTAL 9,985,821.00 9,970,697.26
Page 19 of 25
Accredited Mortgage Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
July 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 2 0 2
Collateral Realized Loss/(Gain) Amount 0.00 0.00 0.00
Net Liquidation Proceeds 508,000.00 0.00 508,000.00
Page 20 of 25
Accredited Mortgage Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
July 25, 2005 Distribution
DEFAULT SPEEDS
Group 2 Group 1 Total
MDR 0.00% 0.00% 0.00%
3 Months Avg MDR 0.03% 0.00% 0.03%
12 Months Avg MDR 0.03% 0.00% 0.03%
Avg MDR Since Cut-off 0.03% 0.00% 0.03%
CDR 0.00% 0.00% 0.00%
3 Months Avg CDR 0.39% 0.00% 0.30%
12 Months Avg CDR 0.39% 0.00% 0.30%
Avg CDR Since Cut-off 0.39% 0.00% 0.30%
SDA 0.00% 0.00% 0.00%
3 Months Avg SDA Approximation 7.85% 0.00% 6.09%
12 Months Avg SDA Approximation 7.85% 0.00% 6.09%
Avg SDA Since Cut-off Approximation 7.85% 0.00% 6.09%
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 21 of 25
Accredited Mortgage Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
July 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 22 of 25
Accredited Mortgage Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
July 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 23 of 25
Accredited Mortgage Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
July 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?
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 0.00
(2) Stated Principal Balance 989,780,227.80
60+ Day Delinquency % ( (1)/(2) ) 0.000000%
(3) 37% of Senior Enhancement % 7.023067%
(ii) The quotient of ( (4)/(5) > (6))
(4) Aggregate Cumulative Realized Loss 0.00
(5) Cutoff Date Pool Principal Balance 1,007,808,827.51
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 3.314380%
Next LIBOR Rate 3.460000%
Page 24 of 25
Accredited Mortgage Loan Trust 2005-2
Mortgage Pass-Through Certificates
2005-2
July 25, 2005 Distribution
Other Related Information
ADDITIONAL INFORMATION
Group 2 Group 1 Total
Current Scheduled Payments 6,688,612.30
Current Scheduled Payments 1 Month Prior 6,735,800.60
Current Scheduled Payments 2 Month Prior 0.00
Current Scheduled Payments 3 Month Prior 0.00
Current Scheduled Payments 4 Month Prior 0.00
Current Scheduled Payments 5 Month Prior 0.00
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 0.00
Delinq. 60+ Sched. Pmnts, 1 Month Prior 0.00
Delinq. 60+ Sched. Pmnts, 2 Month Prior 0.00
Delinq. 60+ Sched. Pmnts, 3 Month Prior 0.00
Delinq. 60+ Sched. Pmnts, 4 Month Prior 0.00
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 25 of 25