8-K 1 ar050210.htm 8K1 


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

                  Argent Securities Inc. (as Depositor under the Pooling
         and Servicing Agreement, dated as September 1, 2005, providing for the
          issuance of Asset-Backed Pass-Through Certificates, Series 2005-W2)
                 (Exact name of registrant as specified in charter)


                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-112237-06                        77-0599834
          (Commission File Number)        (I.R.S. Employer Identification No.)


          1100 TOWN & COUNTRY ROAD, SUITE 1100
          ORANGE, CALIFORNIA                              92868
          (Address of principal executive offices)     (Zip Code)


         Registrant's Telephone Number, Including Area Code:  (714) 541-9960


(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
     October 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 Pooling and Servicing Agreement on
                                  behalf of Argent Securities Inc., Registrant


          Date:  Oct 28, 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 October 25, 2005.
                       
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 25, 2005 Distribution
External Parties Table of Contents
Page
Seller
1. Certificate Payment Report 2
Argent Mortgage Co.,LLC
2. Collection Account Report 6
3. Credit Enhancement Report 8
4. Collateral Report 9
Certificate Insurer(s) 5. Delinquency Report 12
6. REO Report 15
7. Foreclosure Report 16
8. Prepayment Report 17
9. Prepayment Detail Report 20
10. Realized Loss Report 23
11. Realized Loss Detail Report 26
Servicer(s)
12. Triggers and Adj. Cert. Report 27
Ameriquest Mortgage Corp
13. Additional Certificate Report 28
Underwriter(s)
Merrill Lynch
Morgan Stanley & Co. Inc
BNP Paribas
Deutsche Bank Securities
Total Number of Pages 28
Banc of America Securities Ltd
Citigroup Glbl Mrkts Inc
Fenner & Smith Inc
Dates Contacts
Pierce
Cut-Off Date: September 01, 2005 Valerie Delgado
Close Date: September 28, 2005 Administrator
First Distribution Date: October 25, 2005 (714) 247-6273
valerie.m.delgado@db.com
Address:
1761 East St. Andrew Place, Santa Ana, CA 92705
Distribution Date: October 25, 2005
Factor Information: (800) 735-7777
Record Date: September 30, 2005
Main Phone Number: (714) 247-6000
October 24, 2005
https://www.tss.db.com/invr
Page 1 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC-V
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,STEP $ 1,351,319,000.00 1,351,319,000.00 4,298,695.89 11,324,995.80 15,623,691.69 0.00 0.00 1,339,994,004.20
A-2A FLT,STEP $ 368,598,000.00 368,598,000.00 1,132,414.97 10,932,660.29 12,065,075.26 0.00 0.00 357,665,339.71
A-2B1 FLT,STEP $ 280,000,000.00 280,000,000.00 877,644.44 0.00 877,644.44 0.00 0.00 280,000,000.00
A-2B2 FLT,STEP $ 122,926,000.00 122,926,000.00 391,041.26 0.00 391,041.26 0.00 0.00 122,926,000.00
A-2C FLT,STEP $ 75,782,000.00 75,782,000.00 246,965.12 0.00 246,965.12 0.00 0.00 75,782,000.00
M-1 MEZ,STEP,FL $ 90,750,000.00 90,750,000.00 304,920.00 0.00 304,920.00 0.00 0.00 90,750,000.00
M-2 MEZ,STEP,FL $ 79,750,000.00 79,750,000.00 269,200.56 0.00 269,200.56 0.00 0.00 79,750,000.00
M-3 MEZ,STEP,FL $ 55,000,000.00 55,000,000.00 186,511.11 0.00 186,511.11 0.00 0.00 55,000,000.00
M-4 MEZ,STEP,FL $ 41,250,000.00 41,250,000.00 142,450.00 0.00 142,450.00 0.00 0.00 41,250,000.00
M-5 MEZ,STEP,FL $ 41,250,000.00 41,250,000.00 144,054.17 0.00 144,054.17 0.00 0.00 41,250,000.00
M-6 MEZ,STEP,FL $ 37,000,000.00 37,000,000.00 130,938.89 0.00 130,938.89 0.00 0.00 37,000,000.00
M-7 MEZ,STEP,FL $ 38,625,000.00 38,625,000.00 152,611.67 0.00 152,611.67 0.00 0.00 38,625,000.00
M-8 MEZ,STEP,FL $ 27,500,000.00 27,500,000.00 112,933.33 0.00 112,933.33 0.00 0.00 27,500,000.00
M-9 MEZ,STEP,FL $ 16,500,000.00 16,500,000.00 71,610.00 0.00 71,610.00 0.00 0.00 16,500,000.00
M-10 MEZ,STEP,FL $ 27,500,000.00 27,500,000.00 135,391.67 0.00 135,391.67 0.00 0.00 27,500,000.00
M-11 MEZ,STEP,FL $ 13,750,000.00 13,750,000.00 67,695.83 0.00 67,695.83 0.00 0.00 13,750,000.00
M-12 MEZ,STEP,FL $ 30,250,000.00 30,250,000.00 148,930.83 0.00 148,930.83 0.00 0.00 30,250,000.00
M-13 MEZ,STEP,FL $ 13,750,000.00 13,750,000.00 67,695.83 0.00 67,695.83 0.00 0.00 13,750,000.00
CE SUB $ 38,508,956.34 38,508,956.34 6,179,887.47 8,829.55 6,188,717.02 0.00 0.00 38,500,126.79
P SUB $ 100.00 100.00 112,542.64 0.00 112,542.64 0.00 0.00 100.00
R R $ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
R-X R $ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total 2,750,009,056.34 2,750,009,056.34 15,174,135.68 22,266,485.64 37,440,621.32 0.00 0.00 2,727,742,570.70
Page 2 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 25, 2005 Distribution
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 09/27/05 10/24/05 A-Act/360 040104NW7 1,351,319,000.00 1,000.000000 3.181111 8.380698 11.561809 991.619302
A-2A 09/27/05 10/24/05 A-Act/360 040104MZ1 368,598,000.00 1,000.000000 3.072222 29.660118 32.732341 970.339882
A-2B1 09/27/05 10/24/05 A-Act/360 040104NA5 280,000,000.00 1,000.000000 3.134444 0.000000 3.134444 1,000.000000
A-2B2 09/27/05 10/24/05 A-Act/360 040104NB3 122,926,000.00 1,000.000000 3.181111 0.000000 3.181111 1,000.000000
A-2C 09/27/05 10/24/05 A-Act/360 040104NC1 75,782,000.00 1,000.000000 3.258889 0.000000 3.258889 1,000.000000
M-1 09/27/05 10/24/05 A-Act/360 040104ND9 90,750,000.00 1,000.000000 3.360000 0.000000 3.360000 1,000.000000
M-2 09/27/05 10/24/05 A-Act/360 040104NE7 79,750,000.00 1,000.000000 3.375556 0.000000 3.375556 1,000.000000
M-3 09/27/05 10/24/05 A-Act/360 040104NF4 55,000,000.00 1,000.000000 3.391111 0.000000 3.391111 1,000.000000
M-4 09/27/05 10/24/05 A-Act/360 040104NG2 41,250,000.00 1,000.000000 3.453333 0.000000 3.453333 1,000.000000
M-5 09/27/05 10/24/05 A-Act/360 040104NH0 41,250,000.00 1,000.000000 3.492222 0.000000 3.492222 1,000.000000
M-6 09/27/05 10/24/05 A-Act/360 040104NJ6 37,000,000.00 1,000.000000 3.538889 0.000000 3.538889 1,000.000000
M-7 09/27/05 10/24/05 A-Act/360 040104NK3 38,625,000.00 1,000.000000 3.951111 0.000000 3.951111 1,000.000000
M-8 09/27/05 10/24/05 A-Act/360 040104NL1 27,500,000.00 1,000.000000 4.106667 0.000000 4.106667 1,000.000000
M-9 09/27/05 10/24/05 A-Act/360 040104NM9 16,500,000.00 1,000.000000 4.340000 0.000000 4.340000 1,000.000000
M-10 09/27/05 10/24/05 A-Act/360 040104NN7 27,500,000.00 1,000.000000 4.923333 0.000000 4.923333 1,000.000000
M-11 09/27/05 10/24/05 A-Act/360 040104NP2 13,750,000.00 1,000.000000 4.923333 0.000000 4.923333 1,000.000000
M-12 09/27/05 10/24/05 A-Act/360 040104NQ0 30,250,000.00 1,000.000000 4.923333 0.000000 4.923333 1,000.000000
M-13 09/27/05 10/24/05 A-Act/360 040104NR8 13,750,000.00 1,000.000000 4.923333 0.000000 4.923333 1,000.000000
CE 09/27/05 10/24/05 F-30/360 040104NS6 38,508,956.34 1,000.000000 160.479225 0.229286 160.708511 999.770714
P 09/27/05 10/24/05 F-30/360 040104NT4 100.00 1,000.000000 1,125,426.400000 0.000000 1,125,426.400000 1,000.000000
R 09/27/05 10/24/05 F-30/360 040104NU1 0.00 0.000000 0.000000 0.000000 0.000000 0.000000
R-X 09/27/05 10/24/05 F-30/360 040104NV9 0.00 0.000000 0.000000 0.000000 0.000000 0.000000
Page 3 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 25, 2005 Distribution
Distribution to Date - REMIC-V
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 1,351,319,000.00 4,298,695.89 10,321,727.70 1,003,268.10 11,324,995.80 15,623,691.69 0.00 0.00 1,339,994,004.20
A-2A 368,598,000.00 1,132,414.97 9,964,148.74 968,511.55 10,932,660.29 12,065,075.26 0.00 0.00 357,665,339.71
A-2B1 280,000,000.00 877,644.44 0.00 0.00 0.00 877,644.44 0.00 0.00 280,000,000.00
A-2B2 122,926,000.00 391,041.26 0.00 0.00 0.00 391,041.26 0.00 0.00 122,926,000.00
A-2C 75,782,000.00 246,965.12 0.00 0.00 0.00 246,965.12 0.00 0.00 75,782,000.00
M-1 90,750,000.00 304,920.00 0.00 0.00 0.00 304,920.00 0.00 0.00 90,750,000.00
M-2 79,750,000.00 269,200.56 0.00 0.00 0.00 269,200.56 0.00 0.00 79,750,000.00
M-3 55,000,000.00 186,511.11 0.00 0.00 0.00 186,511.11 0.00 0.00 55,000,000.00
M-4 41,250,000.00 142,450.00 0.00 0.00 0.00 142,450.00 0.00 0.00 41,250,000.00
M-5 41,250,000.00 144,054.17 0.00 0.00 0.00 144,054.17 0.00 0.00 41,250,000.00
M-6 37,000,000.00 130,938.89 0.00 0.00 0.00 130,938.89 0.00 0.00 37,000,000.00
M-7 38,625,000.00 152,611.67 0.00 0.00 0.00 152,611.67 0.00 0.00 38,625,000.00
M-8 27,500,000.00 112,933.33 0.00 0.00 0.00 112,933.33 0.00 0.00 27,500,000.00
M-9 16,500,000.00 71,610.00 0.00 0.00 0.00 71,610.00 0.00 0.00 16,500,000.00
M-10 27,500,000.00 135,391.67 0.00 0.00 0.00 135,391.67 0.00 0.00 27,500,000.00
M-11 13,750,000.00 67,695.83 0.00 0.00 0.00 67,695.83 0.00 0.00 13,750,000.00
M-12 30,250,000.00 148,930.83 0.00 0.00 0.00 148,930.83 0.00 0.00 30,250,000.00
M-13 13,750,000.00 67,695.83 0.00 0.00 0.00 67,695.83 0.00 0.00 13,750,000.00
CE 38,508,956.34 6,179,887.47 8,047.35 782.20 8,829.55 6,188,717.02 0.00 0.00 38,500,126.79
P 100.00 112,542.64 0.00 0.00 0.00 112,542.64 0.00 0.00 100.00
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
R-X 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total 2,750,009,056.34 15,174,135.68 20,293,923.79 1,972,561.85 22,266,485.64 37,440,621.32 0.00 0.00 2,727,742,570.70
Page 4 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 25, 2005 Distribution
Interest Detail - REMIC-V
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 4.09000% 1,351,319,000.00 4,298,695.89 0.00 0.00 0.00 4,298,695.89 4,298,695.89 0.00
A-2A 3.95000% 368,598,000.00 1,132,414.97 0.00 0.00 0.00 1,132,414.97 1,132,414.97 0.00
A-2B1 4.03000% 280,000,000.00 877,644.44 0.00 0.00 0.00 877,644.44 877,644.44 0.00
A-2B2 4.09000% 122,926,000.00 391,041.26 0.00 0.00 0.00 391,041.26 391,041.26 0.00
A-2C 4.19000% 75,782,000.00 246,965.12 0.00 0.00 0.00 246,965.12 246,965.12 0.00
M-1 4.32000% 90,750,000.00 304,920.00 0.00 0.00 0.00 304,920.00 304,920.00 0.00
M-2 4.34000% 79,750,000.00 269,200.56 0.00 0.00 0.00 269,200.56 269,200.56 0.00
M-3 4.36000% 55,000,000.00 186,511.11 0.00 0.00 0.00 186,511.11 186,511.11 0.00
M-4 4.44000% 41,250,000.00 142,450.00 0.00 0.00 0.00 142,450.00 142,450.00 0.00
M-5 4.49000% 41,250,000.00 144,054.17 0.00 0.00 0.00 144,054.17 144,054.17 0.00
M-6 4.55000% 37,000,000.00 130,938.89 0.00 0.00 0.00 130,938.89 130,938.89 0.00
M-7 5.08000% 38,625,000.00 152,611.67 0.00 0.00 0.00 152,611.67 152,611.67 0.00
M-8 5.28000% 27,500,000.00 112,933.33 0.00 0.00 0.00 112,933.33 112,933.33 0.00
M-9 5.58000% 16,500,000.00 71,610.00 0.00 0.00 0.00 71,610.00 71,610.00 0.00
M-10 6.33000% 27,500,000.00 135,391.67 0.00 0.00 0.00 135,391.67 135,391.67 0.00
M-11 6.33000% 13,750,000.00 67,695.83 0.00 0.00 0.00 67,695.83 67,695.83 0.00
M-12 6.33000% 30,250,000.00 148,930.83 0.00 0.00 0.00 148,930.83 148,930.83 0.00
M-13 6.33000% 13,750,000.00 67,695.83 0.00 0.00 0.00 67,695.83 67,695.83 0.00
CE 206.33043% 38,508,956.34 0.00 0.00 0.00 0.00 0.00 6,179,887.47 0.00
P 0.00000% 100.00 0.00 0.00 0.00 0.00 0.00 112,542.64 0.00
R 0.00000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
R-X 0.00000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total 2,750,009,056.34 8,881,705.57 0.00 0.00 0.00 8,881,705.57 15,174,135.68 0.00
Page 5 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 25, 2005 Distribution
Collection Account Report
SUMMARY
Group 2 Group 1 Total
Principal Collections 10,936,965.20 11,329,283.89 22,266,249.09
Principal Withdrawals 0.00 0.00 0.00
Principal Other Accounts 32.05 204.50 236.55
TOTAL NET PRINCIPAL 10,936,997.25 11,329,488.39 22,266,485.64
Interest Collections 6,153,321.97 10,202,120.07 16,355,442.04
Interest Withdrawals -0.00 -0.00 -0.00
Interest Fees -96,738.71 -292,511.61 -1,293,849.00
Interest Other Accounts 47,907.97 64,634.67 112,542.64
TOTAL NET INTEREST 6,104,491.23 9,974,243.13 15,174,135.68
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION 17,041,488.48 21,303,731.52 37,440,621.32
PRINCIPAL - COLLECTIONS
Group 2 Group 1 Total
Scheduled Principal Received 703,083.64 1,269,478.21 1,972,561.85
Curtailments 51,913.28 106,962.08 158,875.36
Prepayments In Full 9,518,631.32 9,683,040.01 19,201,671.33
Repurchased/Substitutions 663,336.96 269,803.59 933,140.55
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 -327,960.42 -556,682.86 -884,643.28
Realized Losses -0.00 -0.00 -0.00
Advanced Principal 327,960.42 556,682.86 884,643.28
TOTAL PRINCIPAL COLLECTED 10,936,965.20 11,329,283.89 22,266,249.09
PRINCIPAL - WITHDRAWALS
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS
Group 2 Group 1 Total
TOTAL PRINCIPAL OTHER ACCOUNTS 32.05 204.50 236.55
Page 6 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 25, 2005 Distribution
INTEREST - COLLECTIONS
Group 2 Group 1 Total
Scheduled Interest 6,356,571.94 10,517,118.75 16,873,690.69
Repurchased/Substitution Interest 3,961.01 1,708.76 5,669.77
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 -6,266.93 -6,190.33 -12,457.26
Delinquent Interest -3,046,319.46 -4,842,663.56 -7,888,983.02
Compensating Interest 6,266.93 6,190.33 12,457.26
Civil Relief Act Shortfalls -0.00 -0.00 -0.00
Interest Advanced 2,839,108.47 4,525,956.13 7,365,064.60
TOTAL INTEREST COLLECTED 6,153,321.97 10,202,120.07 16,355,442.04
INTEREST - WITHDRAWALS
Group 2 Group 1 Total
Non-Recoverable Advances 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 47,907.97 64,634.67 112,542.64
TOTAL INTEREST OTHER ACCOUNTS 47,907.97 64,634.67 112,542.64
INTEREST - FEES
Group 2 Group 1 Total
Current Servicing Fees 234,334.10 387,531.56 621,865.66
Trustee Fees 662.38 1,056.38 1,718.76
Total SWAP (INFLOW) / OUTFLOW 670,264.58
TOTAL INTEREST FEES 96,738.71 292,511.61 1,293,849.00
Class A2B1 SWAP - 910208B 46,511.11
Deal Swap - 9223599 623,753.47
Page 7 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS
Group 2 Group 1 Total
Net WAC Reserve Account Balance
INSURANCE
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES
Group 2 Group 1 Total
Overcollateralized Amount 38,500,126.79
Overcollateralization Reduction Amount 0.00
Overcollateralization Deficiency Amount 0.00
Overcollateralization Target Amount 38,500,126.79
Page 8 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 25, 2005 Distribution
Collateral Report
COLLATERAL
Group 2 Group 1 Total
Loan Count:
Original 4,103 10,987 15,090
Prior 4,103 10,987 15,090
Prefunding 0 0 0
Scheduled Paid Offs -0 -0 -0
Full Voluntary Prepayments -27 -53 -80
Repurchases -3 -1 -4
Liquidations -0 -0 -0
Current 4,073 10,933 15,006
Principal Balance:
Original 1,059,803,022.79 1,690,205,797.00 2,750,008,819.79
Prior 1,059,803,022.79 1,690,205,797.00 2,750,008,819.79
Prefunding 0.00 0.00 0.00
Scheduled Principal -703,083.64 -1,269,478.21 -1,972,561.85
Partial Prepayments -51,913.28 -106,962.08 -158,875.36
Full Voluntary Prepayments -9,518,631.32 -9,683,040.01 -19,201,671.33
Repurchases -663,336.96 -269,803.59 -933,140.55
Liquidations -0.00 -0.00 -0.00
Current 1,048,866,057.59 1,678,876,513.11 2,727,742,570.70
PREFUNDING
Group 2 Group 1 Total
Prefunding Account Beginning Balance 197,137,489.00 314,386,466.00 511,523,955.00
Prefund Release to Certificate Holders 32.05 204.50 236.55
Prefunding Account Ending Balance 0.00 0.00 0.00
Page 9 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 25, 2005 Distribution
CHARACTERISTICS
Group 2 Group 1 Total
Weighted Average Coupon Original 7.20194% 7.46808% 7.36551%
Weighted Average Coupon Prior 7.20194% 7.46808% 7.36551%
Weighted Average Coupon Current 7.20194% 7.46808% 7.36551%
Weighted Average Months to Maturity Original 357 355 356
Weighted Average Months to Maturity Prior 357 355 356
Weighted Average Months to Maturity Current 357 355 356
Weighted Avg Remaining Amortization Term Original 357 355 356
Weighted Avg Remaining Amortization Term Prior 357 355 356
Weighted Avg Remaining Amortization Term Current 357 355 356
Weighted Average Seasoning Original 2.04 2.02 2.03
Weighted Average Seasoning Prior 2.04 2.02 2.03
Weighted Average Seasoning Current 2.04 2.02 2.03
Page 10 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 25, 2005 Distribution
ARM CHARACTERISTICS
Group 2 Group 1 Total
Weighted Average Margin Original 5.79795% 5.77495% 5.78382%
Weighted Average Margin Prior 5.79795% 5.77495% 5.78382%
Weighted Average Margin Current 5.79795% 5.77495% 5.78382%
Weighted Average Max Rate Original 13.31281% 13.63923% 13.51335%
Weighted Average Max Rate Prior 13.31281% 13.63923% 13.51335%
Weighted Average Max Rate Current 13.31281% 13.63923% 13.51335%
Weighted Average Min Rate Original 7.31281% 7.63923% 7.51335%
Weighted Average Min Rate Prior 7.31281% 7.63923% 7.51335%
Weighted Average Min Rate Current 7.31281% 7.63923% 7.51335%
Weighted Average Cap Up Original 1.00000% 1.00000% 1.00000%
Weighted Average Cap Up Prior 1.00000% 1.00000% 1.00000%
Weighted Average Cap Up Current 1.00000% 1.00000% 1.00000%
Weighted Average Cap Down Original 1.00000% 1.00000% 1.00000%
Weighted Average Cap Down Prior 1.00000% 1.00000% 1.00000%
Weighted Average Cap Down Current 1.00000% 1.00000% 1.00000%
SERVICING FEES & ADVANCES
Group 2 Group 1 Total
Current Servicing Fees 234,334.10 387,531.56 621,865.66
Delinquent Servicing Fees 207,210.98 316,707.44 523,918.42
TOTAL SERVICING FEES 441,584.60 704,252.43 1,145,837.03
Total Servicing Fees 441,584.60 704,252.43 1,145,837.03
Compensating Interest -6,266.93 -6,190.33 -12,457.26
Delinquent Servicing Fees -207,210.98 -316,707.44 -523,918.42
COLLECTED SERVICING FEES 228,106.69 381,354.67 609,461.36
Total Advanced Interest 2,839,108.47 4,525,956.13 7,365,064.60
Total Advanced Principal 327,960.42 556,682.86 884,643.28
Aggregate Advances with respect to this Distribution 3,167,068.90 5,082,638.99 8,249,707.88
ADDITIONAL COLLATERAL INFORMATION
Group 2 Group 1 Total
Prepayment Interest Shortfall (PPIS) 6,266.93 6,190.33 12,457.26
Compensating Interest -6,266.93 -6,190.33 -12,457.26
Net Prepayment Interest Shortfall (PPIS) 0.00 0.00 0.00
Ending Pool Stated Principal Balance 1,048,866,057.59 1,678,876,513.11 2,727,742,570.70
Weighted Average Net Mortgage Rate 6.912029% 7.081440% 6.621420%
Page 11 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 25, 2005 Distribution
Delinquency Report
TOTAL
< 1 PAYMENT 1 PAYMENT 2 PAYMENTS 3+ PAYMENTS TOTAL
DELINQUENT Balance 414,854.65 118,737.02 0.00 533,591.67
% Balance 0.02% 0.00% 0.00% 0.02%
# Loans 1 1 0 2
% # Loans 0.01% 0.01% 0.00% 0.01%
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 210,230.46 0.00 0.00 0.00 210,230.46
% Balance 0.01% 0.00% 0.00% 0.00% 0.01%
# Loans 2 0 0 0 2
% # Loans 0.01% 0.00% 0.00% 0.00% 0.01%
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 210,230.46 414,854.65 118,737.02 0.00 743,822.13
% Balance 0.01% 0.02% 0.00% 0.00% 0.03%
# Loans 2 1 1 0 4
% # Loans 0.01% 0.01% 0.01% 0.00% 0.03%
Page 12 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 25, 2005 Distribution
GROUP 1
< 1 PAYMENT 1 PAYMENT 2 PAYMENTS 3+ PAYMENTS TOTAL
DELINQUENT Balance 0.00 118,737.02 0.00 118,737.02
% Balance 0.00% 0.01% 0.00% 0.01%
# Loans 0 1 0 1
% # Loans 0.00% 0.01% 0.00% 0.01%
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 210,230.46 0.00 0.00 0.00 210,230.46
% Balance 0.01% 0.00% 0.00% 0.00% 0.01%
# Loans 2 0 0 0 2
% # Loans 0.02% 0.00% 0.00% 0.00% 0.02%
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 210,230.46 0.00 118,737.02 0.00 328,967.48
% Balance 0.01% 0.00% 0.01% 0.00% 0.02%
# Loans 2 0 1 0 3
% # Loans 0.02% 0.00% 0.01% 0.00% 0.03%
Page 13 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 25, 2005 Distribution
GROUP 2
< 1 PAYMENT 1 PAYMENT 2 PAYMENTS 3+ PAYMENTS TOTAL
DELINQUENT Balance 414,854.65 0.00 0.00 414,854.65
% Balance 0.04% 0.00% 0.00% 0.04%
# Loans 1 0 0 1
% # Loans 0.02% 0.00% 0.00% 0.02%
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 0.00 414,854.65 0.00 0.00 414,854.65
% Balance 0.00% 0.04% 0.00% 0.00% 0.04%
# Loans 0 1 0 0 1
% # Loans 0.00% 0.02% 0.00% 0.00% 0.02%
Page 14 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 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 15 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 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 16 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 25, 2005 Distribution
Prepayment Report
VOLUNTARY PREPAYMENTS
Group 2 Group 1 Total
Current
Number of Paid in Full Loans 27 53 80
Number of Repurchased Loans 3 1 4
Total Number of Loans Prepaid in Full 30 54 84
Curtailments Amount 51,913.28 106,962.08 158,875.36
Paid in Full Balance 9,518,631.32 9,683,040.01 19,201,671.33
Repurchased Loans Balance 663,336.96 269,803.59 933,140.55
Total Prepayment Amount 10,233,881.56 10,059,805.68 20,293,687.24
Cumulative
Number of Paid in Full Loans 27 53 80
Number of Repurchased Loans 3 1 4
Total Number of Loans Prepaid in Full 30 54 84
Paid in Full Balance 9,518,631.32 9,683,040.01 19,201,671.33
Repurchased Loans Balance 663,336.96 269,803.59 933,140.55
Curtailments Amount 51,913.28 106,962.08 158,875.36
Total Prepayment Amount 10,233,881.56 10,059,805.68 20,293,687.24
Page 17 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 25, 2005 Distribution
VOLUNTARY PREPAYMENTS RATES
Group 2 Group 1 Total
SMM 0.97% 0.60% 0.74%
3 Months Avg SMM 0.97% 0.60% 0.74%
12 Months Avg SMM 0.97% 0.60% 0.74%
Avg SMM Since Cut-off 0.97% 0.60% 0.74%
CPR 11.00% 6.92% 8.51%
3 Months Avg CPR 11.00% 6.92% 8.51%
12 Months Avg CPR 11.00% 6.92% 8.51%
Avg CPR Since Cut-off 11.00% 6.92% 8.51%
PSA 2,694.75% 1,710.95% 2,097.21%
3 Months Avg PSA Approximation 2,694.74% 1,710.95% 2,097.22%
12 Months Avg PSA Approximation 2,694.74% 1,710.95% 2,097.22%
Avg PSA Since Cut-off Approximation 2,694.74% 1,710.95% 2,097.22%
Page 18 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 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 19 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 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
70971270 2 68,000.00 67,772.40 23-Sep-2005 9.750% NY - 20.00% Paid Off - 360 01-Mar-2005
72037153 2 43,000.00 42,897.40 30-Sep-2005 10.600% MD - 20.00% Paid Off - 360 01-Apr-2005
76173350 2 40,000.00 39,952.49 03-Oct-2005 11.900% CA - 20.00% Paid Off - 360 01-Jun-2005
77642619 1 72,000.00 71,949.69 22-Sep-2005 7.800% SC - 83.72% Paid Off - 360 01-Sep-2005
78560232 1 176,000.00 175,617.32 05-Oct-2005 7.650% MD - 80.00% Paid Off - 360 01-Jul-2005
79848479 2 600,000.00 600,000.00 26-Sep-2005 6.900% CA - 80.00% Paid Off - 360 01-Jul-2005
79995759 1 90,000.00 89,871.25 30-Sep-2005 7.700% OH - 88.24% Paid Off - 360 01-Aug-2005
80320914 1 216,000.00 215,791.06 04-Oct-2005 6.150% IL - 80.00% Paid Off - 360 01-Sep-2005
80414279 1 141,660.00 141,496.40 05-Oct-2005 8.750% FL - 90.00% Paid Off - 360 01-Aug-2005
81114290 1 115,000.00 114,921.25 28-Sep-2005 7.900% MD - 85.19% Paid Off - 360 01-Sep-2005
81206237 2 472,000.00 471,075.72 27-Sep-2005 6.100% CA - 78.67% Paid Off - 360 01-Aug-2005
81303356 1 274,500.00 274,129.63 29-Sep-2005 7.990% CA - 90.00% Paid Off - 360 01-Aug-2005
81311813 2 580,500.00 579,710.44 03-Oct-2005 7.950% CA - 90.00% Paid Off - 360 01-Aug-2005
81365710 1 75,200.00 75,077.56 06-Oct-2005 7.050% OH - 80.00% Paid Off - 360 01-Aug-2005
81610115 2 161,500.00 161,409.92 07-Oct-2005 8.900% FL - 85.00% Paid Off - 360 01-Sep-2005
81704439 2 262,001.00 261,766.44 27-Sep-2005 6.550% MD - 80.00% Paid Off - 360 01-Sep-2005
81747073 2 162,925.00 162,734.89 04-Oct-2005 8.700% IL - 95.00% Paid Off - 360 01-Aug-2005
81771594 2 268,908.00 268,908.00 21-Sep-2005 7.700% NV - 80.00% Paid Off - 360 01-Sep-2005
81902439 1 159,800.00 159,580.44 30-Sep-2005 7.900% AZ - 85.00% Paid Off - 360 01-Aug-2005
81928939 1 167,600.00 167,452.84 05-Oct-2005 6.650% IL - 80.00% Paid Off - 360 01-Sep-2005
81935033 1 167,000.00 166,830.54 04-Oct-2005 5.900% MN - 74.55% Paid Off - 360 01-Sep-2005
81977910 1 187,000.00 186,692.53 07-Oct-2005 7.000% IL - 83.11% Paid Off - 360 01-Aug-2005
82006438 2 370,000.00 369,719.86 07-Oct-2005 7.400% CA - 74.30% Paid Off - 360 01-Sep-2005
82021155 1 107,000.00 106,905.13 03-Oct-2005 6.600% FL - 69.03% Paid Off - 360 01-Sep-2005
82041997 1 160,650.00 160,533.14 07-Oct-2005 7.600% MO - 85.00% Paid Off - 360 01-Sep-2005
82066010 1 110,200.00 110,142.87 21-Sep-2005 9.250% OK - 95.00% Paid Off - 360 01-Sep-2005
82173675 1 342,000.00 341,748.71 30-Sep-2005 7.550% NY - 90.00% Paid Off - 360 01-Sep-2005
82176314 1 128,700.00 128,604.49 23-Sep-2005 7.500% CA - 90.00% Paid Off - 360 01-Sep-2005
82231259 2 71,290.00 71,290.00 06-Oct-2005 11.100% CA - 20.00% Paid Off - 360 01-Oct-2005
82273897 1 195,920.00 195,920.00 23-Sep-2005 7.325% MD - 80.00% Paid Off - 360 01-Sep-2005
82274812 1 48,980.00 48,961.95 23-Sep-2005 10.850% MD - 20.00% Paid Off - 360 01-Sep-2005
82345919 2 584,000.00 584,000.00 21-Sep-2005 7.700% IL - 80.00% Paid Off - 360 01-Sep-2005
82392317 1 292,410.00 292,277.15 03-Oct-2005 9.875% FL - 90.00% Paid Off - 360 01-Sep-2005
82460031 2 444,500.00 444,500.00 23-Sep-2005 7.550% NV - 64.70% Paid Off - 360 01-Sep-2005
82566076 1 93,000.00 92,819.61 16-Sep-2005 6.150% CA - 44.29% Paid Off - 360 01-Aug-2005
82588153 1 145,000.00 144,883.47 03-Oct-2005 7.100% IL - 74.36% Paid Off - 360 01-Sep-2005
82621319 1 292,500.00 292,354.60 22-Sep-2005 9.450% IL - 88.64% Paid Off - 360 01-Sep-2005
Page 20 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 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
82637158 1 161,500.00 161,309.59 05-Oct-2005 8.650% CA - 85.00% Paid Off - 360 01-Aug-2005
82654393 2 650,000.00 649,576.96 27-Sep-2005 8.150% MD - 89.29% Paid Off - 360 01-Sep-2005
82721390 1 202,500.00 202,348.96 03-Oct-2005 7.475% SC - 90.00% Paid Off - 360 01-Sep-2005
82733155 1 152,000.00 151,909.79 30-Sep-2005 8.600% AZ - 80.00% Paid Off - 360 01-Sep-2005
82776956 1 180,000.00 179,897.50 27-Sep-2005 8.800% WA - 80.00% Paid Off - 360 01-Sep-2005
82830910 1 148,000.00 147,934.38 14-Sep-2005 9.990% CA - 51.03% Paid Off - 360 01-Sep-2005
82850231 1 320,000.00 320,000.00 21-Sep-2005 7.950% WI - 78.05% Paid Off - 360 01-Sep-2005
82871872 1 235,500.00 235,360.24 26-Sep-2005 8.600% MN - 48.46% Paid Off - 360 01-Sep-2005
82908633 1 229,116.00 228,937.26 06-Oct-2005 7.250% FL - 80.00% Paid Off - 360 01-Sep-2005
82945833 1 181,044.00 180,906.92 04-Oct-2005 7.400% AZ - 90.00% Paid Off - 360 01-Sep-2005
82964719 2 240,000.00 239,814.62 26-Sep-2005 7.300% IL - 80.00% Paid Off - 360 01-Sep-2005
82985714 1 240,000.00 239,889.21 06-Oct-2005 9.800% CA - 71.64% Paid Off - 360 01-Sep-2005
83020958 1 171,000.00 170,887.57 22-Sep-2005 8.100% AZ - 90.00% Paid Off - 360 01-Sep-2005
83056119 1 321,000.00 320,782.42 04-Oct-2005 7.950% NJ - 86.76% Paid Off - 360 01-Sep-2005
83057950 1 100,000.00 99,925.03 03-Oct-2005 7.450% UT - 80.00% Paid Off - 360 01-Sep-2005
83120634 2 369,550.00 369,360.21 28-Sep-2005 9.450% CA - 95.00% Paid Off - 360 01-Sep-2005
83135079 2 708,000.00 707,308.55 23-Sep-2005 6.100% CA - 78.67% Paid Off - 360 01-Sep-2005
83161638 1 166,767.00 166,646.90 03-Oct-2005 7.650% FL - 90.00% Paid Off - 360 01-Sep-2005
83187310 1 135,000.00 134,916.51 22-Sep-2005 8.400% IL - 77.14% Paid Off - 360 01-Sep-2005
83224956 2 260,000.00 259,837.56 30-Sep-2005 8.350% AZ - 80.00% Paid Off - 360 01-Sep-2005
83510115 1 228,000.00 227,881.80 26-Sep-2005 9.250% FL - 95.00% Paid Off - 360 01-Sep-2005
83524231 2 369,000.00 368,792.06 04-Oct-2005 8.850% CA - 90.00% Paid Off - 360 01-Sep-2005
83613679 1 144,000.00 143,904.35 06-Oct-2005 8.050% IL - 90.00% Paid Off - 360 01-Sep-2005
83720151 1 304,000.00 304,000.00 30-Sep-2005 6.900% CA - 80.00% Paid Off - 360 01-Sep-2005
83738195 1 288,000.00 287,770.82 30-Sep-2005 7.150% IL - 80.00% Paid Off - 360 01-Sep-2005
83861799 1 144,000.00 143,902.39 22-Sep-2005 7.950% GA - 90.00% Paid Off - 360 01-Sep-2005
83867150 1 238,000.00 237,811.54 07-Oct-2005 7.175% NJ - 85.00% Paid Off - 360 01-Sep-2005
83928077 1 176,250.00 176,123.07 04-Oct-2005 7.650% NV - 75.00% Paid Off - 360 01-Sep-2005
83993915 1 240,000.00 239,734.82 04-Oct-2005 5.450% CA - 70.59% Paid Off - 360 01-Sep-2005
84006790 1 155,000.00 154,921.31 30-Sep-2005 9.350% CA - 51.67% Paid Off - 360 01-Sep-2005
84044239 2 850,000.00 849,303.25 03-Oct-2005 7.000% CA - 70.83% Paid Off - 360 01-Sep-2005
84063353 2 425,000.00 424,731.74 05-Oct-2005 8.300% CA - 85.00% Paid Off - 360 01-Sep-2005
84086354 2 235,989.00 235,989.00 22-Sep-2005 7.975% NV - 80.00% Paid Off - 360 01-Sep-2005
84086396 1 58,997.00 58,974.78 22-Sep-2005 10.750% NV - 20.00% Paid Off - 360 01-Sep-2005
84133677 1 220,400.00 220,282.10 21-Sep-2005 9.100% KS - 95.00% Paid Off - 360 01-Sep-2005
84163278 1 224,910.00 224,784.56 07-Oct-2005 8.900% AZ - 90.00% Paid Off - 360 01-Sep-2005
84165315 1 170,000.00 169,901.17 27-Sep-2005 8.700% AZ - 79.44% Paid Off - 360 01-Sep-2005
84207794 2 144,000.00 143,914.54 05-Oct-2005 8.600% IL - 90.00% Paid Off - 360 01-Sep-2005
Page 21 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 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
84290832 2 318,250.00 318,083.27 03-Oct-2005 9.200% NY - 95.00% Paid Off - 360 01-Sep-2005
84540319 1 113,400.00 113,333.39 27-Sep-2005 8.650% IL - 90.00% Paid Off - 360 01-Sep-2005
84746270 2 434,792.00 434,792.00 28-Sep-2005 8.200% CA - 80.00% Paid Off - 360 01-Oct-2005
85345197 2 391,390.00 391,390.00 05-Oct-2005 10.450% CA - 94.72% Paid Off - 360 01-Oct-2005
85495711 1 283,500.00 283,500.00 07-Oct-2005 9.300% AZ - 90.00% Paid Off - 360 01-Oct-2005
81355034 2 200,000.00 199,713.89 04-Oct-2005 7.700% NV - 80.00% Repur/Subs - 360 01-Aug-2005
83355156 1 270,000.00 269,803.59 04-Oct-2005 7.600% NY - 73.97% Repur/Subs - 360 01-Sep-2005
84140755 2 405,000.00 404,623.07 03-Oct-2005 6.350% NY - 90.00% Repur/Subs - 360 01-Sep-2005
86950235 2 59,000.00 59,000.00 11-Oct-2005 10.950% DE - 20.00% Repur/Subs - 180 01-Oct-2005
TOTAL 20,148,599.00 20,134,811.88
Page 22 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 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 23 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 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 24 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 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 25 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 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 26 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
Group 2 Group 1 Total
Does a Trigger Event Exist? (0=No,1=Yes) 0
Has a Stepdown Date Occurred? (0=No,1=Yes) 0
Balances 60+ days includes REO, BKC and FCL 328,967.48
Delinquency Percentage 0.0121%
Balance of Mezzanine and C Class 551,383,956.34
Ending Pool Balance 2,727,742,570.70
Credit Enhancement Percentage (Current Period) 20.2139%
Credit Enhancement Percentage (Prior Period) 0.0000%
ADJUSTABLE RATE CERTIFICATE INFORMATION
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION
Group 2 Group 1 Total
Current LIBOR Rate 3.830000%
Next LIBOR Rate 4.037500%
Page 27 of 28
Argent Securities, Inc. 2005-W2
Mortgage Pass-Through Certificates
2005-W2
October 25, 2005 Distribution
Additional Certificate Report
ADDITIONAL CERTIFICATE REPORT
Next Pass Through Rate NET WAC Shortfall CarryOver NET WAC Shortfall Paid
CLASS
A-1 4.298% $0.00 $0.00
A-2A 4.158% $0.00 $0.00
A-2B1 4.238% $0.00 $0.00
A-2B2 4.298% $0.00 $0.00
A-2C 4.398% $0.00 $0.00
M-1 4.528% $0.00 $0.00
M-2 4.548% $0.00 $0.00
M-3 4.568% $0.00 $0.00
M-4 4.648% $0.00 $0.00
M-5 4.698% $0.00 $0.00
M-6 4.758% $0.00 $0.00
M-7 5.288% $0.00 $0.00
M-8 5.488% $0.00 $0.00
M-9 5.788% $0.00 $0.00
M-10 6.538% $0.00 $0.00
M-11 6.538% $0.00 $0.00
M-12 6.538% $0.00 $0.00
M-13 6.538% $0.00 $0.00
CE 0.000% $0.00 $0.00
P 0.000% $0.00 $0.00
R 0.000% $0.00 $0.00
R-X 0.000% $0.00 $0.00
Page 28 of 28