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):  December 27, 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
     December 27, 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 Stanwich Asset Acceptance
                                  Company L.L.C, Registrant


          Date:  Dec 29, 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 December 27, 2005.









			

Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
December 27, 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					18
										11. Realized Loss Detail Report					21
				Servicer(s)
										12. Triggers and Adj. Cert. Report					22
				New Century Mortgage Corporation
										13. Additional Certificate Report					23
				Underwriter(s)
				Bear Stearns & Co.
										Total Number of Pages					23
				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:			December 27, 2005
										Factor Information:			(800) 735-7777
				Record Date:			November 30, 2005
										Main Phone Number:			(714) 247-6000
							December 23, 2005
										https://www.tss.db.com/invr
Page 1 of 23
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
December 27, 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		272,127,028.50		1,050,712.69		22,386,248.92		23,436,961.61		0.00		0.00		249,740,779.58
A-2	SR	$	97,875,000.00		97,875,000.00		388,346.25		0.00		388,346.25		0.00		0.00		97,875,000.00
A-3	SR	$	108,181,000.00		108,181,000.00		441,739.08		0.00		441,739.08		0.00		0.00		108,181,000.00
M-1	SR	$	29,083,000.00		29,083,000.00		120,823.71		0.00		120,823.71		0.00		0.00		29,083,000.00
M-2	MEZ	$	25,967,000.00		25,967,000.00		108,340.09		0.00		108,340.09		0.00		0.00		25,967,000.00
M-3	MEZ	$	18,004,000.00		18,004,000.00		75,596.80		0.00		75,596.80		0.00		0.00		18,004,000.00
M-4	MEZ	$	27,006,000.00		27,006,000.00		118,676.37		0.00		118,676.37		0.00		0.00		27,006,000.00
M-5	MEZ	$	11,772,000.00		11,772,000.00		52,254.60		0.00		52,254.60		0.00		0.00		11,772,000.00
M-6	MEZ	$	11,425,000.00		11,425,000.00		56,807.64		0.00		56,807.64		0.00		0.00		11,425,000.00
M-7	MEZ	$	9,348,000.00		9,348,000.00		47,726.73		0.00		47,726.73		0.00		0.00		9,348,000.00
M-8	NOF	$	6,925,000.00		6,925,000.00		37,202.63		0.00		37,202.63		0.00		0.00		6,925,000.00
M-9	NOF	$	13,157,000.00		13,157,000.00		74,190.86		0.00		74,190.86		0.00		0.00		13,157,000.00
M-10	NOF	$	5,539,000.00		5,539,000.00		31,233.81		0.00		31,233.81		0.00		0.00		5,539,000.00
CE	NOF	$	21,119,880.28		21,119,843.35		628,674.27		0.00		628,674.27		0.00		0.00		21,119,843.35
P	NOF	$	100.00		100.00		351,560.46		0.00		351,560.46		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		657,528,971.85		3,583,885.99		22,386,248.92		25,970,134.91		0.00		0.00		635,142,722.93
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	11/25/05		12/26/05		A-Act/360		78514RAA3		307,052,000.00		886.257144		3.421937		72.907029		76.328966	813.350115
A-2	11/25/05		12/26/05		A-Act/360		78514RAB1		97,875,000.00		1,000.000000		3.967778		0.000000		3.967778	1,000.000000
A-3	11/25/05		12/26/05		A-Act/360		78514RAC9		108,181,000.00		1,000.000000		4.083333		0.000000		4.083333	1,000.000000
M-1	11/25/05		12/26/05		A-Act/360		78514RAD7		29,083,000.00		1,000.000000		4.154445		0.000000		4.154445	1,000.000000
M-2	11/25/05		12/26/05		A-Act/360		78514RAE5		25,967,000.00		1,000.000000		4.172222		0.000000		4.172222	1,000.000000
M-3	11/25/05		12/26/05		A-Act/360		78514RAF2		18,004,000.00		1,000.000000		4.198889		0.000000		4.198889	1,000.000000
M-4	11/25/05		12/26/05		A-Act/360		78514RAG0		27,006,000.00		1,000.000000		4.394445		0.000000		4.394445	1,000.000000
M-5	11/25/05		12/26/05		A-Act/360		78514RAH8		11,772,000.00		1,000.000000		4.438889		0.000000		4.438889	1,000.000000
M-6	11/25/05		12/26/05		A-Act/360		78514RAJ4		11,425,000.00		1,000.000000		4.972222		0.000000		4.972222	1,000.000000
M-7	11/25/05		12/26/05		A-Act/360		78514RAK1		9,348,000.00		1,000.000000		5.105555		0.000000		5.105555	1,000.000000
M-8	11/25/05		12/26/05		A-Act/360		78514RAL9		6,925,000.00		1,000.000000		5.372221		0.000000		5.372221	1,000.000000
M-9	11/25/05		12/26/05		A-Act/360		78514RAM7		13,157,000.00		1,000.000000		5.638889		0.000000		5.638889	1,000.000000
M-10	11/25/05		12/26/05		A-Act/360		78514RAN5		5,539,000.00		1,000.000000		5.638890		0.000000		5.638890	1,000.000000
CE	11/25/05		12/24/05		F-30/360		CA0504CE1		21,119,880.28		999.998251		29.766943		0.000000		29.766943	999.998251
P	11/25/05		12/24/05		F-30/360		CA05041P1		100.00		1,000.000000		3,515,604.600000		0.000000		3,515,604.600000	1,000.000000
RI	11/25/05		12/24/05		F-30/360		CA05041R1		0.00		0.000000		0.000000		0.000000		0.000000	0.000000
Page 2 of 23
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
December 27, 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		4,367,743.80		57,309,011.62		2,208.80		57,311,220.42		61,678,964.22		0.00		0.00		249,740,779.58
A-2	97,875,000.00		1,502,965.78		0.00		0.00		0.00		1,502,965.78		0.00		0.00		97,875,000.00
A-3	108,181,000.00		1,713,181.36		0.00		0.00		0.00		1,713,181.36		0.00		0.00		108,181,000.00
M-1	29,083,000.00		469,161.31		0.00		0.00		0.00		469,161.31		0.00		0.00		29,083,000.00
M-2	25,967,000.00		420,813.26		0.00		0.00		0.00		420,813.26		0.00		0.00		25,967,000.00
M-3	18,004,000.00		293,762.77		0.00		0.00		0.00		293,762.77		0.00		0.00		18,004,000.00
M-4	27,006,000.00		462,594.03		0.00		0.00		0.00		462,594.03		0.00		0.00		27,006,000.00
M-5	11,772,000.00		203,820.74		0.00		0.00		0.00		203,820.74		0.00		0.00		11,772,000.00
M-6	11,425,000.00		223,138.19		0.00		0.00		0.00		223,138.19		0.00		0.00		11,425,000.00
M-7	9,348,000.00		187,753.27		0.00		0.00		0.00		187,753.27		0.00		0.00		9,348,000.00
M-8	6,925,000.00		146,762.87		0.00		0.00		0.00		146,762.87		0.00		0.00		6,925,000.00
M-9	13,157,000.00		293,421.20		0.00		0.00		0.00		293,421.20		0.00		0.00		13,157,000.00
M-10	5,539,000.00		123,528.17		0.00		0.00		0.00		123,528.17		0.00		0.00		5,539,000.00
CE	21,119,880.28		2,030,775.80		36.93		0.00		36.93		2,030,812.73		0.00		0.00		21,119,843.35
P	100.00		880,470.32		0.00		0.00		0.00		880,470.32		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		13,319,892.87		57,309,048.55		2,208.80		57,311,257.35		70,631,150.22		0.00		0.00		635,142,722.93
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	4.34375%		272,127,028.50		1,050,712.69		0.00		0.00		0.00		1,050,712.69		1,050,712.69		0.00
A-2	4.46375%		97,875,000.00		388,346.25		0.00		0.00		0.00		388,346.25		388,346.25		0.00
A-3	4.59375%		108,181,000.00		441,739.08		0.00		0.00		0.00		441,739.08		441,739.08		0.00
M-1	4.67375%		29,083,000.00		120,823.71		0.00		0.00		0.00		120,823.71		120,823.71		0.00
M-2	4.69375%		25,967,000.00		108,340.09		0.00		0.00		0.00		108,340.09		108,340.09		0.00
M-3	4.72375%		18,004,000.00		75,596.80		0.00		0.00		0.00		75,596.80		75,596.80		0.00
M-4	4.94375%		27,006,000.00		118,676.37		0.00		0.00		0.00		118,676.37		118,676.37		0.00
M-5	4.99375%		11,772,000.00		52,254.60		0.00		0.00		0.00		52,254.60		52,254.60		0.00
M-6	5.53035%		11,425,000.00		56,163.80		0.00		0.00		0.00		56,163.80		56,807.64		0.00
M-7	5.53035%		9,348,000.00		45,953.54		0.00		0.00		0.00		45,953.54		47,726.73		0.00
M-8	5.53035%		6,925,000.00		34,042.39		0.00		0.00		0.00		34,042.39		37,202.63		0.00
M-9	5.53035%		13,157,000.00		64,678.08		0.00		0.00		0.00		64,678.08		74,190.86		0.00
M-10	5.53035%		5,539,000.00		27,229.00		0.00		0.00		0.00		27,229.00		31,233.81		0.00
CE	0.00000%		21,119,843.35		0.00		0.00		0.00		0.00		0.00		628,674.27		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		351,560.46		0.00
RI	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			657,528,971.85		2,584,556.40		0.00		0.00		0.00		2,584,556.40		3,583,885.99		0.00
Page 3 of 23
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
December 27, 2005 Distribution
Collection Account Report
SUMMARY
														Total
Principal Collections														22,386,248.92
Principal Withdrawals														0.00
Principal Other Accounts														0.00
TOTAL NET PRINCIPAL														22,386,248.92
Interest Collections														3,243,444.89
Interest Withdrawals														-0.00
Interest Fees														-44,929.23
Interest Other Accounts														385,370.34
TOTAL NET INTEREST														3,583,886.00
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														25,970,134.92
PRINCIPAL - COLLECTIONS
															Total
Scheduled Principal Received															636.78
Curtailments															26,350.60
Prepayments In Full															22,359,261.54
Repurchased/Substitutions															0.00
Liquidations															0.00
Insurance Principal															0.00
Other Additional Principal															0.00
Delinquent Principal															-501.07
Realized Losses															-0.00
Advanced Principal															501.07
TOTAL PRINCIPAL COLLECTED															22,386,248.92
PRINCIPAL - WITHDRAWALS
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS
														Total
Prefund Release														0.00
TOTAL PRINCIPAL OTHER ACCOUNTS														0.00
Page 4 of 23
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
December 27, 2005 Distribution
INTEREST - COLLECTIONS
														Total
Scheduled Interest														3,474,842.17
Repurchased/Substitution Interest														0.00
Liquidation Interest														0.00
Insurance Interest														0.00
Other Additional Interest														0.00
Prepayment Interest Shortfalls														-66,982.53
Delinquent Interest														-2,932,975.64
Compensating Interest														66,982.53
Civil Relief Act Shortfalls														-0.00
Interest Advanced														2,701,578.36
TOTAL INTEREST COLLECTED														3,243,444.89
INTEREST - WITHDRAWALS
														Total
TOTAL INTEREST WITHDRAWALS														0.00
INTEREST - OTHER ACCOUNTS
														Total
Prepayment Charges														351,560.46
Swap Contract Payment														33,809.88
Closing Reserve - Deposited														0.00
TOTAL INTEREST OTHER ACCOUNTS														385,370.34
INTEREST - FEES
														Total
Current Servicing Fees														42,573.08
Trustee Fees														2,356.15
TOTAL INTEREST FEES														44,929.23
Page 5 of 23
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
December 27, 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														0.00
Required Overcollateralized Amount														21,119,843.35
Senior Enhancement Percentage														28.240000%
Page 6 of 23
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
December 27, 2005 Distribution
Collateral Report
COLLATERAL
															Total
Loan Count:
Original														2,598
Prior														2,479
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-74
Repurchases														-0
Liquidations														-0
Current														2,405
Principal Balance:
Original														692,453,880.28
Prior														657,528,871.85
Prefunding														0.00
Scheduled Principal														-636.78
Partial Prepayments														-26,350.60
Full Voluntary Prepayments														-22,359,261.54
Repurchases														-0.00
Liquidations														-0.00
Current														635,142,622.93
PREFUNDING
SPACE INTENTIONALLY LEFT BLANK
Page 7 of 23
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
December 27, 2005 Distribution
CHARACTERISTICS
														Total
Weighted Average Coupon Original														6.34970%
Weighted Average Coupon Prior														6.34426%
Weighted Average Coupon Current														6.34164%
Weighted Average Months to Maturity Original														356
Weighted Average Months to Maturity Prior														354
Weighted Average Months to Maturity Current														353
Weighted Avg Remaining Amortization Term Original														356
Weighted Avg Remaining Amortization Term Prior														354
Weighted Avg Remaining Amortization Term Current														353
Weighted Average Seasoning Original														4.32
Weighted Average Seasoning Prior														6.31
Weighted Average Seasoning Current														7.30
Page 8 of 23
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
December 27, 2005 Distribution
ARM CHARACTERISTICS
														Total
Weighted Average Margin Original														5.65423%
Weighted Average Margin Prior														5.65385%
Weighted Average Margin Current														5.65342%
Weighted Average Max Rate Original														13.35086%
Weighted Average Max Rate Prior														13.34427%
Weighted Average Max Rate Current														13.34165%
Weighted Average Min Rate Original														6.35086%
Weighted Average Min Rate Prior														6.34427%
Weighted Average Min Rate Current														6.34165%
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														42,573.08
Delinquent Servicing Fees														231,397.28
TOTAL SERVICING FEES														273,970.36
Total Servicing Fees														273,970.36
Compensating Interest														-66,982.53
Delinquent Servicing Fees														-231,397.28
COLLECTED SERVICING FEES														-24,409.45
Total Advanced Interest
Total Advanced Principal														501.07
Aggregate Advances with respect to this Distribution														5,404,158.85
ADDITIONAL COLLATERAL INFORMATION
														Total
Prepayment Interest Shortfall (PPIS)														66,982.53
Compensating Interest														-66,982.53
Net Prepayment Interest Shortfall (PPIS)														0.00
Ending Pool Stated Principal Balance														635,142,622.93
Weighted Average Net Mortgage Rate														6.540645%
Page 9 of 23
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
December 27, 2005 Distribution
Delinquency Report
	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				8,424,719.38		2,867,821.15		0.00		11,292,540.53
			% Balance				1.33%		0.45%		0.00%		1.78%
			# Loans				31		11		0		42
			% # Loans				1.29%		0.46%		0.00%		1.75%
	FORECLOSURE		Balance		0.00		0.00		1,835,664.22		0.00		1,835,664.22
			% Balance		0.00%		0.00%		0.29%		0.00%		0.29%
			# Loans		0		0		5		0		5
			% # Loans		0.00%		0.00%		0.21%		0.00%		0.21%
	BANKRUPTCY		Balance		3,456,866.32		599,700.00		0.00		0.00		4,056,566.32
			% Balance		0.54%		0.09%		0.00%		0.00%		0.64%
			# Loans		15		3		0		0		18
			% # Loans		0.62%		0.12%		0.00%		0.00%		0.75%
	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		3,456,866.32		9,024,419.38		4,703,485.37		0.00		17,184,771.07
			% Balance		0.54%		1.42%		0.74%		0.00%		2.71%
			# Loans		15		34		16		0		65
			% # Loans		0.62%		1.41%		0.67%		0.00%		2.70%
Page 10 of 23
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
December 27, 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 23
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
December 27, 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
2088094 1
			365,750.00		365,664.36		01-Aug-2005		6.100%		MN - 95.00%		360		01-May-2005
2109113 1			482,000.00		482,000.00		01-Aug-2005		6.850%		NJ - 83.10%		360		01-Jun-2005
1001217695 1			520,000.00		520,000.00		01-Aug-2005		6.500%		CA - 80.00%		360		01-May-2005
1001517451 1			272,000.00		271,999.93		01-Aug-2005		6.200%		NC - 80.00%		360		01-May-2005
1001763773 1			196,000.00		195,999.93		01-Aug-2005		7.600%		MN - 80.00%		360		01-Jun-2005
TOTAL			1,835,750.00		1,835,664.22
Page 12 of 23
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
December 27, 2005 Distribution
Prepayment Report
VOLUNTARY PREPAYMENTS
															Total
Current
Number of Paid in Full Loans														74
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														74
Curtailments Amount														26,350.60
Paid in Full Balance														22,359,261.54
Repurchased Loans Balance														0.00
Total Prepayment Amount														22,385,612.14
Cumulative
Number of Paid in Full Loans														193
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														193
Paid in Full Balance														57,207,524.29
Repurchased Loans Balance														0.00
Curtailments Amount														101,524.26
Total Prepayment Amount														57,309,048.55
Page 13 of 23
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
December 27, 2005 Distribution
VOLUNTARY PREPAYMENTS RATES
															Total
SMM														3.40%
3 Months Avg SMM														2.51%
12 Months Avg SMM														2.14%
Avg SMM Since Cut-off														2.14%
CPR														34.01%
3 Months Avg CPR														26.26%
12 Months Avg CPR														22.83%
Avg CPR Since Cut-off														22.83%
PSA														2,328.26%
3 Months Avg PSA Approximation														2,081.50%
12 Months Avg PSA Approximation														1,964.81%
Avg PSA Since Cut-off Approximation														1,964.81%
Page 14 of 23
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
December 27, 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 23
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
December 27, 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
2073978 1			238,849.00		238,849.00			29-Nov-2005		5.800%		VA - 85.00%		Paid Off - 360		01-May-2005
2075812 1			200,450.00		200,218.18			11-Nov-2005		6.800%		GA - 95.00%		Paid Off - 360		01-May-2005
2078163 1			309,000.00		309,000.00			03-Nov-2005		8.000%		NJ - 93.64%		Paid Off - 360		01-Jun-2005
2078240 1			377,000.00		377,000.00			07-Nov-2005		7.100%		GA - 88.50%		Paid Off - 360		01-May-2005
2080235 1			291,550.00		291,529.30			02-Nov-2005		5.950%		MA - 85.00%		Paid Off - 360		01-Jun-2005
2080456 1			535,500.00		535,500.00			02-Nov-2005		6.750%		MD - 90.00%		Paid Off - 360		01-May-2005
2088362 1			391,500.02		391,500.06			30-Nov-2005		8.700%		IL - 90.00%		Paid Off - 360		01-Jun-2005
2093369 1			285,000.00		284,999.50			17-Nov-2005		7.200%		MD - 95.00%		Paid Off - 360		01-Jun-2005
2094234 1			259,250.00		258,539.03			30-Nov-2005		6.550%		MA - 85.00%		Paid Off - 360		01-Jun-2005
2094688 1			320,000.00		320,000.00			23-Nov-2005		5.850%		NJ - 80.00%		Paid Off - 360		01-Jun-2005
2098884 1			137,700.00		137,210.49			18-Nov-2005		8.350%		IL - 85.00%		Paid Off - 360		01-Jun-2005
2101484 1			162,000.00		162,000.00			02-Nov-2005		7.100%		WA - 90.00%		Paid Off - 360		01-Jun-2005
2107218 1			161,000.00		161,000.00			22-Nov-2005		6.550%		NJ - 70.00%		Paid Off - 360		01-Jun-2005
2112261 1			263,700.00		263,696.27			10-Nov-2005		6.450%		MA - 90.00%		Paid Off - 360		01-Jun-2005
2113979 1			86,400.00		86,399.20			07-Nov-2005		7.300%		IL - 80.00%		Paid Off - 360		01-Jun-2005
2127303 1			467,500.00		467,500.00			11-Nov-2005		5.750%		CA - 65.39%		Paid Off - 360		01-Jul-2005
2132217 1			267,750.00		267,750.00			23-Nov-2005		6.150%		NJ - 85.00%		Paid Off - 360		01-Jul-2005
1001034534 1			94,500.00		94,500.00			30-Nov-2005		6.500%		CA - 90.00%		Paid Off - 360		01-May-2005
1001104762 1			284,750.00		284,749.94			01-Nov-2005		6.150%		CA - 85.00%		Paid Off - 360		01-May-2005
1001112209 1			284,000.00		283,999.93			30-Nov-2005		5.750%		CA - 80.00%		Paid Off - 360		01-May-2005
1001133419 1			149,500.00		149,499.93			07-Nov-2005		5.800%		CA - 65.00%		Paid Off - 360		01-May-2005
1001134828 1			412,000.00		411,999.97			10-Nov-2005		6.550%		HI - 80.00%		Paid Off - 360		01-May-2005
1001182543 1			227,920.00		227,919.93			10-Nov-2005		6.700%		CA - 80.00%		Paid Off - 360		01-May-2005
1001195138 1			240,000.00		240,000.00			23-Nov-2005		6.350%		MN - 80.00%		Paid Off - 360		01-May-2005
1001197369 1			189,076.00		189,075.93			07-Nov-2005		5.950%		WA - 80.00%		Paid Off - 360		01-May-2005
1001198466 1			198,000.00		198,000.00			18-Nov-2005		6.650%		CA - 90.00%		Paid Off - 360		01-Jun-2005
1001201201 1			495,000.00		495,000.00			30-Nov-2005		5.600%		CA - 90.00%		Paid Off - 360		01-May-2005
1001210184 1			345,429.00		345,429.00			03-Nov-2005		7.050%		CA - 90.00%		Paid Off - 360		01-May-2005
1001215447 1			395,250.00		395,234.91			01-Nov-2005		6.850%		NV - 85.00%		Paid Off - 360		01-May-2005
1001227229 1			137,600.00		137,600.00			30-Nov-2005		6.700%		AZ - 80.00%		Paid Off - 360		01-May-2005
1001229183 1			292,000.00		292,000.00			03-Nov-2005		7.200%		WA - 80.00%		Paid Off - 360		01-May-2005
1001243247 1			508,500.00		508,344.21			10-Nov-2005		7.350%		CA - 90.00%		Paid Off - 360		01-May-2005
1001267382 1			508,250.00		508,249.93			07-Nov-2005		6.950%		CA - 95.00%		Paid Off - 360		01-May-2005
1001273222 1			266,500.00		266,500.00			02-Nov-2005		5.700%		CA - 65.00%		Paid Off - 360		01-May-2005
1001292906 1			400,000.00		400,000.00			11-Nov-2005		6.200%		CA - 64.00%		Paid Off - 360		01-Jun-2005
1001298189 1			352,750.00		352,750.00			02-Nov-2005		6.600%		MD - 85.00%		Paid Off - 360		01-May-2005
1001299730 1			699,000.00		699,000.00			07-Nov-2005		5.875%		CA - 53.77%		Paid Off - 360		01-May-2005
1001324908 1			181,440.00		181,440.00			04-Nov-2005		7.250%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001333444 1			221,600.00		221,600.00			01-Nov-2005		6.000%		WA - 80.00%		Paid Off - 360		01-May-2005
1001344049 1			320,000.00		319,999.93			23-Nov-2005		5.150%		CA - 80.00%		Paid Off - 360		01-May-2005
1001348740 1			476,000.00		475,999.93			11-Nov-2005		6.050%		IL - 80.00%		Paid Off - 360		01-May-2005
Page 16 of 23
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
December 27, 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
1001350255 1			320,000.00		319,999.19			30-Nov-2005		6.150%		CA - 64.00%		Paid Off - 360		01-May-2005
1001353813 1			172,000.00		172,000.00			09-Nov-2005		5.600%		CA - 54.60%		Paid Off - 360		01-May-2005
1001364847 1			172,000.00		171,999.32			30-Nov-2005		5.800%		FL - 80.00%		Paid Off - 360		01-Jun-2005
1001370821 1			210,000.00		210,000.00			30-Nov-2005		5.850%		CA - 79.25%		Paid Off - 360		01-May-2005
1001390505 1			414,000.00		414,000.00			18-Nov-2005		5.450%		CA - 90.00%		Paid Off - 360		01-May-2005
1001391602 1			420,000.00		420,000.00			16-Nov-2005		6.900%		CA - 93.33%		Paid Off - 360		01-May-2005
1001395680 1			315,000.00		315,000.00			02-Nov-2005		6.990%		NJ - 90.00%		Paid Off - 360		01-Jun-2005
1001412527 1			165,000.00		165,000.00			23-Nov-2005		6.050%		CA - 71.74%		Paid Off - 360		01-Jun-2005
1001421063 1			140,000.00		139,998.95			16-Nov-2005		6.900%		FL - 80.00%		Paid Off - 360		01-Jun-2005
1001427691 1			272,000.00		271,999.95			30-Nov-2005		6.350%		CA - 80.00%		Paid Off - 360		01-May-2005
1001461386 1			590,000.00		590,000.00			03-Nov-2005		6.990%		CA - 87.41%		Paid Off - 360		01-Jun-2005
1001477636 1			236,000.00		236,000.00			02-Nov-2005		6.100%		FL - 80.00%		Paid Off - 360		01-May-2005
1001482979 1			243,000.00		242,979.38			02-Nov-2005		7.750%		CA - 90.00%		Paid Off - 360		01-Jun-2005
1001501459 1			365,600.00		365,600.00			21-Nov-2005		6.300%		IL - 80.00%		Paid Off - 360		01-Jun-2005
1001516112 1			436,000.00		436,000.00			07-Nov-2005		6.300%		CA - 88.08%		Paid Off - 360		01-May-2005
1001518815 1			408,405.00		408,404.94			22-Nov-2005		7.800%		MD - 95.00%		Paid Off - 360		01-Jun-2005
1001528109 1			260,000.00		260,000.00			30-Nov-2005		5.600%		CA - 68.42%		Paid Off - 360		01-Jun-2005
1001551109 1			283,000.00		283,000.00			30-Nov-2005		6.900%		VA - 83.24%		Paid Off - 360		01-Jun-2005
1001553349 1			387,000.00		387,000.00			02-Nov-2005		6.750%		CA - 86.97%		Paid Off - 360		01-Jun-2005
1001559744 1			276,000.00		276,000.00			21-Nov-2005		5.050%		IL - 80.00%		Paid Off - 360		01-Jun-2005
1001560144 1			300,000.00		300,000.00			09-Nov-2005		6.750%		NJ - 78.13%		Paid Off - 360		01-Jun-2005
1001563098 1			360,000.00		360,000.00			04-Nov-2005		6.375%		CA - 90.00%		Paid Off - 360		01-Jun-2005
1001563114 1			512,000.00		512,000.00			28-Nov-2005		8.050%		FL - 79.88%		Paid Off - 360		01-Jul-2005
1001573283 1			156,000.00		156,000.00			16-Nov-2005		5.950%		IL - 80.00%		Paid Off - 360		01-Jun-2005
1001581559 1			143,316.00		143,316.00			16-Nov-2005		6.300%		FL - 80.00%		Paid Off - 360		01-Jun-2005
1001656746 1			224,000.00		224,000.00			30-Nov-2005		6.100%		CA - 80.00%		Paid Off - 360		01-Jun-2005
1001713729 1			364,000.00		363,881.51			02-Nov-2005		6.050%		VA - 80.00%		Paid Off - 360		01-Jun-2005
1001722602 1			190,400.00		190,399.94			28-Nov-2005		7.250%		HI - 80.00%		Paid Off - 360		01-Jun-2005
1001752213 1			275,500.00		275,497.88			23-Nov-2005		7.250%		FL - 95.00%		Paid Off - 360		01-Jun-2005
1001790994 1			561,600.00		561,600.00			03-Nov-2005		8.000%		VA - 80.00%		Paid Off - 360		01-Jun-2005
1001833430 1			224,000.00		223,999.96			18-Nov-2005		6.800%		CA - 80.00%		Paid Off - 360		01-Jul-2005
1001918624 1			180,000.00		180,000.00			30-Nov-2005		6.250%		NJ - 80.00%		Paid Off - 360		01-Jul-2005
1001930138 1			352,000.00		351,999.95			02-Nov-2005		7.375%		CA - 80.00%		Paid Off - 360		01-Jul-2005
TOTAL			22,361,035.02		22,359,261.54
Page 17 of 23
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
December 27, 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 18 of 23
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
December 27, 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 19 of 23
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
December 27, 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 20 of 23
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
December 27, 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 21 of 23
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
December 27, 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														4.193750%
Next LIBOR Rate														4.378750%
Page 22 of 23
Carrington Home Equity Loan Trust 2005-NC4
Mortgage Pass-Through Certificates
2005-NC4
December 27, 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 23 of 23