Carrington Home Equity Loan Trust, Series 2005-NC4 Asset-Backed Pass-Through Certificates 8-K Other Events

                                     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):  September 26, 2005
                          (Date of earliest event reported)

                Stanwich Asset Acceptance Company, L.L.C. (as Depositor under
             the Pooling and Servicing Agreement, dated as August 1, 2005,
                providing for the issuance of Carrington Home Equity Loan Trust
                   Series 2005-NC4 Asset-Backed Pass-Through Certificates)
                 (Exact name of registrant as specified in charter)

                                         DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-124036-02                         20-2698835
          (Commission File Number)        (I.R.S. Employer Identification No.)


           Nine Greenwich Office Park
           Greenwich, Connecticut                              06831
          (Address of principal executive offices)           (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (203) 661-6186


(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
     September 26, 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 Trustee under the
                                  Pooling and Servicing Agreement on
                                  behalf of Citigroup Mortgage Loan Trust
                                  Inc., Registrant


          Date:  Sep 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 September 26, 2005.









			

Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
September 26, 2005 Distribution
				External Parties						Table of Contents
													Page
				Seller
										1. Certificate Payment Report					2
				New Century Mortgage Corporation
										2. Collection Account Report					4
										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					10
										6. REO Report					11
										7. Foreclosure Report					12
										8. Prepayment Report					13
										9. Prepayment Detail Report					16
										10. Realized Loss Report					17
										11. Realized Loss Detail Report					20
				Servicer(s)
										12. Triggers and Adj. Cert. Report					21
				New Century Mortgage Corporation
										13. Additional Certificate Report					22
				Underwriter(s)
				Bear Stearns & Co.
										Total Number of Pages					22
				Dates						Contacts
				Cut-Off Date:			August 01, 2005			Brent Hoyler
				Close Date:			August 16, 2005			Administrator
				First Distribution Date:			September 26, 2005			(714) 247-6322
										Brent.Hoyler@db.com
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			September 26, 2005
										Factor Information:			(800) 735-7777
				Record Date:			August 31, 2005
										Main Phone Number:			(714) 247-6000
							September 23, 2005
										https://www.tss.db.com/invr
Page 1 of 22
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
September 26, 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	SR	$	307,052,000.00		307,052,000.00		1,301,751.21		7,049,533.63		8,351,284.84		0.00		0.00		300,002,466.37
A-2	SR	$	97,875,000.00		97,875,000.00		428,318.67		0.00		428,318.67		0.00		0.00		97,875,000.00
A-3	SR	$	108,181,000.00		108,181,000.00		489,436.39		0.00		489,436.39		0.00		0.00		108,181,000.00
M-1	SR	$	29,083,000.00		29,083,000.00		134,228.15		0.00		134,228.15		0.00		0.00		29,083,000.00
M-2	MEZ	$	25,967,000.00		25,967,000.00		120,438.19		0.00		120,438.19		0.00		0.00		25,967,000.00
M-3	MEZ	$	18,004,000.00		18,004,000.00		84,119.94		0.00		84,119.94		0.00		0.00		18,004,000.00
M-4	MEZ	$	27,006,000.00		27,006,000.00		132,946.41		0.00		132,946.41		0.00		0.00		27,006,000.00
M-5	MEZ	$	11,772,000.00		11,772,000.00		58,622.10		0.00		58,622.10		0.00		0.00		11,772,000.00
M-6	MEZ	$	11,425,000.00		11,425,000.00		64,701.20		0.00		64,701.20		0.00		0.00		11,425,000.00
M-7	MEZ	$	9,348,000.00		9,348,000.00		54,535.84		0.00		54,535.84		0.00		0.00		9,348,000.00
M-8	NOF	$	6,925,000.00		6,925,000.00		42,766.21		0.00		42,766.21		0.00		0.00		6,925,000.00
M-9	NOF	$	13,157,000.00		13,157,000.00		85,748.01		0.00		85,748.01		0.00		0.00		13,157,000.00
M-10	NOF	$	5,539,000.00		5,539,000.00		36,099.28		0.00		36,099.28		0.00		0.00		5,539,000.00
CE	NOF	$	21,119,880.28		21,119,880.28		77,284.88		36.93		77,321.81		0.00		0.00		21,119,843.35
P	NOF	$	100.00		100.00		97,800.55		0.00		97,800.55		0.00		0.00		100.00
RI	RES	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			692,453,980.28		692,453,980.28		3,208,797.03		7,049,570.56		10,258,367.59		0.00		0.00		685,404,409.72
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	08/16/05		09/25/05		A-Act/360		78514RAA3		307,052,000.00		1,000.000000		4.239514		22.958761		27.198275	977.041239
A-2	08/16/05		09/25/05		A-Act/360		78514RAB1		97,875,000.00		1,000.000000		4.376181		0.000000		4.376181	1,000.000000
A-3	08/16/05		09/25/05		A-Act/360		78514RAC9		108,181,000.00		1,000.000000		4.524236		0.000000		4.524236	1,000.000000
M-1	08/16/05		09/25/05		A-Act/360		78514RAD7		29,083,000.00		1,000.000000		4.615347		0.000000		4.615347	1,000.000000
M-2	08/16/05		09/25/05		A-Act/360		78514RAE5		25,967,000.00		1,000.000000		4.638125		0.000000		4.638125	1,000.000000
M-3	08/16/05		09/25/05		A-Act/360		78514RAF2		18,004,000.00		1,000.000000		4.672292		0.000000		4.672292	1,000.000000
M-4	08/16/05		09/25/05		A-Act/360		78514RAG0		27,006,000.00		1,000.000000		4.922847		0.000000		4.922847	1,000.000000
M-5	08/16/05		09/25/05		A-Act/360		78514RAH8		11,772,000.00		1,000.000000		4.979791		0.000000		4.979791	1,000.000000
M-6	08/16/05		09/25/05		A-Act/360		78514RAJ4		11,425,000.00		1,000.000000		5.663125		0.000000		5.663125	1,000.000000
M-7	08/16/05		09/25/05		A-Act/360		78514RAK1		9,348,000.00		1,000.000000		5.833958		0.000000		5.833958	1,000.000000
M-8	08/16/05		09/25/05		A-Act/360		78514RAL9		6,925,000.00		1,000.000000		6.175626		0.000000		6.175626	1,000.000000
M-9	08/16/05		09/25/05		A-Act/360		78514RAM7		13,157,000.00		1,000.000000		6.517292		0.000000		6.517292	1,000.000000
M-10	08/16/05		09/25/05		A-Act/360		78514RAN5		5,539,000.00		1,000.000000		6.517292		0.000000		6.517292	1,000.000000
CE	08/16/05		09/24/05		F-30/360		CA0504CE1		21,119,880.28		1,000.000000		3.659343		0.001749		3.661091	999.998251
P	08/16/05		09/24/05		F-30/360		CA05041P1		100.00		1,000.000000		978,005.500000		0.000000		978,005.500000	1,000.000000
RI	08/16/05		09/24/05		F-30/360		CA05041R1		0.00		0.000000		0.000000		0.000000		0.000000	0.000000
Page 2 of 22
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
September 26, 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	307,052,000.00		1,301,751.21		7,049,075.85		457.78		7,049,533.63		8,351,284.84		0.00		0.00		300,002,466.37
A-2	97,875,000.00		428,318.67		0.00		0.00		0.00		428,318.67		0.00		0.00		97,875,000.00
A-3	108,181,000.00		489,436.39		0.00		0.00		0.00		489,436.39		0.00		0.00		108,181,000.00
M-1	29,083,000.00		134,228.15		0.00		0.00		0.00		134,228.15		0.00		0.00		29,083,000.00
M-2	25,967,000.00		120,438.19		0.00		0.00		0.00		120,438.19		0.00		0.00		25,967,000.00
M-3	18,004,000.00		84,119.94		0.00		0.00		0.00		84,119.94		0.00		0.00		18,004,000.00
M-4	27,006,000.00		132,946.41		0.00		0.00		0.00		132,946.41		0.00		0.00		27,006,000.00
M-5	11,772,000.00		58,622.10		0.00		0.00		0.00		58,622.10		0.00		0.00		11,772,000.00
M-6	11,425,000.00		64,701.20		0.00		0.00		0.00		64,701.20		0.00		0.00		11,425,000.00
M-7	9,348,000.00		54,535.84		0.00		0.00		0.00		54,535.84		0.00		0.00		9,348,000.00
M-8	6,925,000.00		42,766.21		0.00		0.00		0.00		42,766.21		0.00		0.00		6,925,000.00
M-9	13,157,000.00		85,748.01		0.00		0.00		0.00		85,748.01		0.00		0.00		13,157,000.00
M-10	5,539,000.00		36,099.28		0.00		0.00		0.00		36,099.28		0.00		0.00		5,539,000.00
CE	21,119,880.28		77,284.88		36.93		0.00		36.93		77,321.81		0.00		0.00		21,119,843.35
P	100.00		97,800.55		0.00		0.00		0.00		97,800.55		0.00		0.00		100.00
RI	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total	692,453,980.28		3,208,797.03		7,049,112.78		457.78		7,049,570.56		10,258,367.59		0.00		0.00		685,404,409.72
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	3.31425%		307,052,000.00		1,158,988.38		0.00		0.00		0.00		1,158,988.38		1,301,751.21		0.00
A-2	3.31425%		97,875,000.00		369,435.76		0.00		0.00		0.00		369,435.76		428,318.67		0.00
A-3	3.31425%		108,181,000.00		408,336.45		0.00		0.00		0.00		408,336.45		489,436.39		0.00
M-1	3.31425%		29,083,000.00		109,775.74		0.00		0.00		0.00		109,775.74		134,228.15		0.00
M-2	3.31425%		25,967,000.00		98,014.18		0.00		0.00		0.00		98,014.18		120,438.19		0.00
M-3	3.31425%		18,004,000.00		67,957.31		0.00		0.00		0.00		67,957.31		84,119.94		0.00
M-4	3.31425%		27,006,000.00		101,935.96		0.00		0.00		0.00		101,935.96		132,946.41		0.00
M-5	3.31425%		11,772,000.00		44,434.20		0.00		0.00		0.00		44,434.20		58,622.10		0.00
M-6	3.31425%		11,425,000.00		43,124.43		0.00		0.00		0.00		43,124.43		64,701.20		0.00
M-7	3.31425%		9,348,000.00		35,284.65		0.00		0.00		0.00		35,284.65		54,535.84		0.00
M-8	3.31425%		6,925,000.00		26,138.88		0.00		0.00		0.00		26,138.88		42,766.21		0.00
M-9	3.31425%		13,157,000.00		49,661.98		0.00		0.00		0.00		49,661.98		85,748.01		0.00
M-10	3.31425%		5,539,000.00		20,907.33		0.00		0.00		0.00		20,907.33		36,099.28		0.00
CE	0.00000%		21,119,880.28		0.00		0.00		0.00		0.00		0.00		77,284.88		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		97,800.55		0.00
RI	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			692,453,980.28		2,533,995.25		0.00		0.00		0.00		2,533,995.25		3,208,797.03		0.00
Page 3 of 22
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
September 26, 2005 Distribution
Collection Account Report
SUMMARY
														Total
Principal Collections														7,049,570.56
Principal Withdrawals														0.00
Principal Other Accounts														0.00
TOTAL NET PRINCIPAL														7,049,570.56
Interest Collections														3,429,882.72
Interest Withdrawals														-0.00
Interest Fees														-56,822.75
Interest Other Accounts														-164,262.93
TOTAL NET INTEREST														3,208,797.04
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														10,258,367.60
PRINCIPAL - COLLECTIONS
															Total
Scheduled Principal Received															457.78
Curtailments															28,266.09
Prepayments In Full															7,020,846.69
Repurchased/Substitutions															0.00
Liquidations															0.00
Insurance Principal															0.00
Other Additional Principal															0.00
Delinquent Principal															-360.19
Realized Losses															-0.00
Advanced Principal															360.19
TOTAL PRINCIPAL COLLECTED															7,049,570.56
PRINCIPAL - WITHDRAWALS
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS
														Total
Prefund Release														0.00
TOTAL PRINCIPAL OTHER ACCOUNTS														0.00
Page 4 of 22
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
September 26, 2005 Distribution
INTEREST - COLLECTIONS
														Total
Scheduled Interest														3,664,063.71
Repurchased/Substitution Interest														0.00
Liquidation Interest														0.00
Insurance Interest														0.00
Other Additional Interest														0.00
Prepayment Interest Shortfalls														-12,055.01
Delinquent Interest														-2,982,033.84
Compensating Interest														12,055.01
Civil Relief Act Shortfalls														-0.00
Interest Advanced														2,747,852.86
TOTAL INTEREST COLLECTED														3,429,882.72
INTEREST - WITHDRAWALS
														Total
TOTAL INTEREST WITHDRAWALS														0.00
INTEREST - OTHER ACCOUNTS
														Total
Prepayment Charges														97,800.55
Swap Contract Payment														-497,282.84
Closing Reserve - Deposited														235,219.36
TOTAL INTEREST OTHER ACCOUNTS														-164,262.93
INTEREST - FEES
														Total
Current Servicing Fees														54,341.46
Trustee Fees														2,481.29
TOTAL INTEREST FEES														56,822.75
Page 5 of 22
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
September 26, 2005 Distribution
Credit Enhancement Report
ACCOUNTS
SPACE INTENTIONALLY LEFT BLANK
INSURANCE
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES
														Total
Overcollateralization Increase Amount														0.00
Overcollateralization Reduction Amount														36.93
Required Overcollateralized Amount														21,119,843.35
Senior Enhancement Percentage														26.170000%
Page 6 of 22
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
September 26, 2005 Distribution
Collateral Report
COLLATERAL
															Total
Loan Count:
Original														2,598
Prior														2,598
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-27
Repurchases														-0
Liquidations														-0
Current														2,571
Principal Balance:
Original														692,453,880.28
Prior														692,453,880.28
Prefunding														0.00
Scheduled Principal														-457.78
Partial Prepayments														-28,266.09
Full Voluntary Prepayments														-7,020,846.69
Repurchases														-0.00
Liquidations														-0.00
Current														685,404,309.72
PREFUNDING
SPACE INTENTIONALLY LEFT BLANK
Page 7 of 22
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
September 26, 2005 Distribution
CHARACTERISTICS
														Total
Weighted Average Coupon Original														6.34970%
Weighted Average Coupon Prior														6.34970%
Weighted Average Coupon Current														6.34970%
Weighted Average Months to Maturity Original														356
Weighted Average Months to Maturity Prior														356
Weighted Average Months to Maturity Current														356
Weighted Avg Remaining Amortization Term Original														356
Weighted Avg Remaining Amortization Term Prior														356
Weighted Avg Remaining Amortization Term Current														356
Weighted Average Seasoning Original														4.32
Weighted Average Seasoning Prior														4.32
Weighted Average Seasoning Current														4.32
Page 8 of 22
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
September 26, 2005 Distribution
ARM CHARACTERISTICS
														Total
Weighted Average Margin Original														5.65423%
Weighted Average Margin Prior														5.65423%
Weighted Average Margin Current														5.65423%
Weighted Average Max Rate Original														13.35086%
Weighted Average Max Rate Prior														13.35086%
Weighted Average Max Rate Current														13.35086%
Weighted Average Min Rate Original														6.35086%
Weighted Average Min Rate Prior														6.35086%
Weighted Average Min Rate Current														6.35086%
Weighted Average Cap Up Original														1.50000%
Weighted Average Cap Up Prior														1.50000%
Weighted Average Cap Up Current														1.50000%
Weighted Average Cap Down Original														1.50000%
Weighted Average Cap Down Prior														1.50000%
Weighted Average Cap Down Current														1.50000%
SERVICING FEES & ADVANCES
															Total
Current Servicing Fees														54,341.46
Delinquent Servicing Fees														234,180.99
TOTAL SERVICING FEES														288,522.45
Total Servicing Fees														288,522.45
Compensating Interest														-12,055.01
Delinquent Servicing Fees														-234,180.99
COLLECTED SERVICING FEES														42,286.46
Total Advanced Interest
Total Advanced Principal														360.19
Aggregate Advances with respect to this Distribution														5,496,426.09
ADDITIONAL COLLATERAL INFORMATION
														Total
Prepayment Interest Shortfall (PPIS)														12,055.01
Compensating Interest														-12,055.01
Net Prepayment Interest Shortfall (PPIS)														0.00
Ending Pool Stated Principal Balance														685,404,309.72
Weighted Average Net Mortgage Rate														5.560741%
Page 9 of 22
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
September 26, 2005 Distribution
Delinquency Report
	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				0.00		0.00		0.00		0.00
			% Balance				0.00%		0.00%		0.00%		0.00%
			# Loans				0		0		0		0
			% # Loans				0.00%		0.00%		0.00%		0.00%
	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		1,385,227.77		0.00		0.00		0.00		1,385,227.77
			% Balance		0.20%		0.00%		0.00%		0.00%		0.20%
			# Loans		7		0		0		0		7
			% # Loans		0.27%		0.00%		0.00%		0.00%		0.27%
	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		1,385,227.77		0.00		0.00		0.00		1,385,227.77
			% Balance		0.20%		0.00%		0.00%		0.00%		0.20%
			# Loans		7		0		0		0		7
			% # Loans		0.27%		0.00%		0.00%		0.00%		0.27%
Page 10 of 22
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
September 26, 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 11 of 22
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
September 26, 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 12 of 22
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
September 26, 2005 Distribution
Prepayment Report
VOLUNTARY PREPAYMENTS
															Total
Current
Number of Paid in Full Loans														27
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														27
Curtailments Amount														28,266.09
Paid in Full Balance														7,020,846.69
Repurchased Loans Balance														0.00
Total Prepayment Amount														7,049,112.78
Cumulative
Number of Paid in Full Loans														27
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														27
Paid in Full Balance														7,020,846.69
Repurchased Loans Balance														0.00
Curtailments Amount														28,266.09
Total Prepayment Amount														7,049,112.78
Page 13 of 22
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
September 26, 2005 Distribution
VOLUNTARY PREPAYMENTS RATES
															Total
SMM														1.02%
3 Months Avg SMM														1.02%
12 Months Avg SMM														1.02%
Avg SMM Since Cut-off														1.02%
CPR														11.55%
3 Months Avg CPR														11.55%
12 Months Avg CPR														11.55%
Avg CPR Since Cut-off														11.55%
PSA														1,338.73%
3 Months Avg PSA Approximation														1,338.73%
12 Months Avg PSA Approximation														1,338.73%
Avg PSA Since Cut-off Approximation														1,338.73%
Page 14 of 22
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
September 26, 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 15 of 22
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
September 26, 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
2077824 1			378,000.00		378,000.00			31-Aug-2005		7.150%		CA - 90.00%		Paid Off - 360		01-May-2005
2094111 1			250,000.00		249,994.15			16-Aug-2005		5.150%		CA - 58.96%		Paid Off - 360		01-Jun-2005
2098168 1			277,500.00		277,500.00			05-Aug-2005		5.150%		CA - 76.03%		Paid Off - 360		01-Jun-2005
2098405 1			149,000.00		149,000.00			30-Aug-2005		6.650%		DC - 45.85%		Paid Off - 360		01-Jun-2005
2101218 1			124,450.00		124,450.00			25-Aug-2005		8.500%		IL - 95.00%		Paid Off - 360		01-Jun-2005
2115506 1			180,900.00		180,900.00			17-Aug-2005		7.900%		MN - 90.00%		Paid Off - 360		01-Jun-2005
1001037602 1			265,000.00		265,000.00			12-Aug-2005		5.350%		CA - 72.60%		Paid Off - 360		01-May-2005
1001145086 1			125,000.00		124,999.97			22-Aug-2005		7.750%		NV - 87.41%		Paid Off - 360		01-May-2005
1001187502 1			175,500.00		175,500.00			08-Aug-2005		6.600%		CA - 65.00%		Paid Off - 360		01-May-2005
1001217347 1			333,000.00		333,000.00			24-Aug-2005		8.050%		CA - 90.00%		Paid Off - 360		01-May-2005
1001233427 1			275,500.00		275,499.97			11-Aug-2005		6.000%		CA - 95.00%		Paid Off - 360		01-May-2005
1001256143 1			146,300.00		146,300.00			15-Aug-2005		6.250%		FL - 95.00%		Paid Off - 360		01-May-2005
1001294520 1			324,000.00		324,000.00			18-Aug-2005		6.500%		FL - 90.00%		Paid Off - 360		01-May-2005
1001295075 1			280,250.00		280,249.97			05-Aug-2005		7.550%		NY - 95.00%		Paid Off - 360		01-May-2005
1001328593 1			285,000.00		285,000.00			31-Aug-2005		5.500%		CA - 95.00%		Paid Off - 360		01-May-2005
1001335273 1			186,428.00		186,428.00			30-Aug-2005		6.750%		CA - 80.00%		Paid Off - 360		01-May-2005
1001342719 1			238,500.00		238,500.00			23-Aug-2005		8.400%		CA - 90.00%		Paid Off - 360		01-May-2005
1001344664 1			233,000.00		233,000.00			09-Aug-2005		6.400%		CA - 89.96%		Paid Off - 360		01-May-2005
1001368022 1			111,200.00		111,200.00			25-Aug-2005		8.050%		CO - 80.00%		Paid Off - 360		01-May-2005
1001397848 1			222,000.00		221,097.80			23-Aug-2005		5.950%		CA - 48.79%		Paid Off - 360		01-May-2005
1001409522 1			218,000.00		217,999.65			31-Aug-2005		6.300%		CA - 83.85%		Paid Off - 360		01-May-2005
1001505188 1			461,250.00		461,250.00			26-Aug-2005		5.600%		NJ - 75.00%		Paid Off - 360		01-Jun-2005
1001532292 1			544,000.00		544,000.00			18-Aug-2005		7.800%		CA - 79.42%		Paid Off - 360		01-Jun-2005
1001598818 1			468,750.00		468,749.98			29-Aug-2005		5.750%		CA - 75.00%		Paid Off - 360		01-Jun-2005
1001713667 1			456,000.00		454,096.21			30-Aug-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001983795 1			140,000.00		140,000.00			22-Aug-2005		7.200%		UT - 80.00%		Paid Off - 360		01-Jul-2005
1002042140 1			175,131.00		175,130.99			16-Aug-2005		8.650%		FL - 90.00%		Paid Off - 360		01-Jul-2005
TOTAL			7,023,659.00		7,020,846.69
Page 16 of 22
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
September 26, 2005 Distribution
Realized Loss Report
COLLATERAL REALIZED LOSSES
															Total
Current
Number of Loans Liquidated														0
Collateral Principal Realized Loss/(Gain) Amount														0.00
Collateral Interest Realized Loss/(Gain) Amount														0.00
Net Liquidation Proceeds														0.00
Cumulative
Number of Loans Liquidated														0
Collateral Realized Loss/(Gain) Amount														0.00
Net Liquidation Proceeds														0.00
Page 17 of 22
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
September 26, 2005 Distribution
DEFAULT SPEEDS
															Total
MDR														0.00%
3 Months Avg MDR														0.00%
12 Months Avg MDR														0.00%
Avg MDR Since Cut-off														0.00%
CDR														0.00%
3 Months Avg CDR														0.00%
12 Months Avg CDR														0.00%
Avg CDR Since Cut-off														0.00%
SDA														0.00%
3 Months Avg SDA Approximation														0.00%
12 Months Avg SDA Approximation														0.00%
Avg SDA Since Cut-off Approximation														0.00%
Loss Severity Approximation for Current Period														0.00%
3 Months Avg Loss Severity Approximation														0.00%
12 Months Avg Loss Severity Approximation														0.00%
Avg Loss Severity Approximation Since Cut-off														0.00%
Page 18 of 22
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
September 26, 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 19 of 22
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
September 26, 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 20 of 22
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
September 26, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
														Total
						Does a Trigger Event Exist? (0=No,1=Yes)								0
						Has a Stepdown Date Occurred? (0=No,1=Yes)								0
ADJUSTABLE RATE CERTIFICATE INFORMATION
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION
														Total
Current LIBOR Rate														3.572500%
Next LIBOR Rate														0.000000%
Page 21 of 22
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
September 26, 2005 Distribution
Additional Certificate Report
ADDITIONAL CERTIFICATE REPORT
													Net WAC Shortfall Carryover		Net WAC Shortfall Paid
CLASS
			A-1										0.00		0.00
			A-2										0.00		0.00
			A-3										0.00		0.00
			M-1										0.00		0.00
			M-2										0.00		0.00
			M-3										0.00		0.00
			M-4										0.00		0.00
			M-5										0.00		0.00
			M-6										0.00		0.00
			M-7										0.00		0.00
			M-8										0.00		0.00
			M-9										0.00		0.00
			M-10										0.00		0.00
Page 22 of 22