Encore Credit Receivables Trust 2005-3 Inactive
Filed: 7 Oct 05, 12:00am
Encore Credit Receivables Trust Asset-Backed Notes, Series 2005-3 Distribution Date: 09/26/2005 Record Date: 08/31/2005
Distribution Summary
DISTRIBUTION IN DOLLARS
Prior Pass- Current
Original Principal Through Interest Principal Total Deferred Realized Principal
Class Balance Balance Rate Distributed Distributed Distributed Interest Loss Balance
(1) (2) (3) (4) (5) (6) (7)=(5+6) (8) (9) (10)=(3-6+8-9)IA 400,000,000.00 400,000,000.003.914380% 1,174,314.005,588,566.47 6,762,880.47 0.00 0.00 394,411,433.53
IIA1 224,789,000.00 224,789,000.003.789380% 638,858.21 5,051,065.84 5,689,924.05 0.00 0.00 219,737,934.16
IIA2 174,088,000.00 174,088,000.003.939380% 514,349.09 0.00 514,349.09 0.00 0.00 174,088,000.00
IIA3 14,813,000.00 14,813,000.00 4.059380% 45,098.70 0.00 45,098.70 0.00 0.00 14,813,000.00
M1 38,600,000.00 38,600,000.00 4.139380% 119,835.05 0.00 119,835.05 0.00 0.00 38,600,000.00
M2 33,968,000.00 33,968,000.00 4.159380% 105,964.36 0.00 105,964.36 0.00 0.00 33,968,000.00
M3 23,160,000.00 23,160,000.00 4.179380% 72,595.83 0.00 72,595.83 0.00 0.00 23,160,000.00
M4 16,984,000.00 16,984,000.00 4.269380% 54,383.36 0.00 54,383.36 0.00 0.00 16,984,000.00
M5 17,499,000.00 17,499,000.00 4.309380% 56,557.38 0.00 56,557.38 0.00 0.00 17,499,000.00
M6 16,469,000.00 16,469,000.00 4.359380% 53,845.97 0.00 53,845.97 0.00 0.00 16,469,000.00
M7 15,955,000.00 15,955,000.00 4.839380% 57,909.23 0.00 57,909.23 0.00 0.00 15,955,000.00
M8 12,352,000.00 12,352,000.00 5.019380% 46,499.54 0.00 46,499.54 0.00 0.00 12,352,000.00
B 11,323,000.00 11,323,000.00 5.469380% 46,447.34 0.00 46,447.34 0.00 0.00 11,323,000.00
N 34,450,000.00 34,450,000.00 4.949000% 265,428.64 2,630,392.52 2,895,821.16 0.00 0.00 31,819,607.48
C1 29,347,883.55 29,347,883.55 0.000000% 0.00 0.00 0.00 0.00 11,468.87 29,336,414.68
Totals ############## ############## 3,252,086.7013,270,024.8316,522,111.53 0.00 0.00 949,730,367.69
Notional Classes
C2 ############## ##############0.000000% 0.00 0.00 0.00 0.00 0.00 989,360,367.69
OTC ############## ##############0.000000% 0.00 0.00 0.00 0.00 0.00 989,360,367.69
Totals ############## ############## 0.00 0.00 0.00 0.00 11,468.87 29,336,414.68
Distribution Summary (Factors)
PER $1,000 OF ORIGINAL BALANCE
Prior Current
Principal Interest Principal Total Deferred Realized Principal
Distributed
Class CUSIP Balance (5/2 x 1000) Distributed Distributed Interest Loss Balance
(3/2 x 1000) (6/2 x 1000)(7/2 x 1000) (8/2 x 1000) (9/2 x 1000) (10/2 x
1000)IA 29256PAA2 1,000.000000 2.935785 13.971416 16.907201 0.000000 0.000000 986.028584
IIA1 29256PAB0 1,000.000000 2.842035 22.470254 25.312289 0.000000 0.000000 977.529746
IIA2 29256PAC8 1,000.000000 2.954535 0.000000 2.954535 0.000000 0.000000 1,000.000000
IIA3 29256PAD6 1,000.000000 3.044535 0.000000 3.044535 0.000000 0.000000 1,000.000000
M1 29256PAE4 1,000.000000 3.104535 0.000000 3.104535 0.000000 0.000000 1,000.000000
M2 29256PAF1 1,000.000000 3.119535 0.000000 3.119535 0.000000 0.000000 1,000.000000
M3 29256PAG9 1,000.000000 3.134535 0.000000 3.134535 0.000000 0.000000 1,000.000000
M4 29256PAH7 1,000.000000 3.202035 0.000000 3.202035 0.000000 0.000000 1,000.000000
M5 29256PAJ3 1,000.000000 3.232035 0.000000 3.232035 0.000000 0.000000 1,000.000000
M6 29256PAK0 1,000.000000 3.269535 0.000000 3.269535 0.000000 0.000000 1,000.000000
M7 29256PAL8 1,000.000000 3.629535 0.000000 3.629535 0.000000 0.000000 1,000.000000
M8 29256PAM6 1,000.000000 3.764535 0.000000 3.764535 0.000000 0.000000 1,000.000000
B 29256PAN4 1,000.000000 4.102035 0.000000 4.102035 0.000000 0.000000 1,000.000000
N 29256PAP9 1,000.000000 7.704750 76.353919 84.058669 0.000000 0.000000 923.646081
C1 126673M74 1,000.000000 0.000000 0.000000 0.000000 0.000000 0.390790 999.609210
C2 126673M82 1,000.000000 0.000000 0.000000 0.000000 0.000000 0.000000 989.360368
OTC 1,000.000000 0.000000 0.000000 0.000000 0.000000 0.000000 989.360368
Interest Distribution Detail
DISTRIBUTION IN DOLLARS
Prior Pass- Optimal Prior Non-Recov Current
Principal Through Accrued Unpaid Interest Interest Deferred Interest Unpaid
Distributed
Class Balance Rate Interest Interest Shortfall Due Interest (9) Interest
(1) (2) (3) (4) (5) (6) (7)=(4)+(5)-(6)(8) (10)=(7)-(8)-(9)IA 400,000,000.00 3.914380% 1,174,314.00 0.00 0.00 1,174,314.00 0.00 1,174,314.000.00
IIA1 224,789,000.00 3.789380% 638,858.21 0.00 0.00 638,858.21 0.00 638,858.21 0.00
IIA2 174,088,000.00 3.939380% 514,349.09 0.00 0.00 514,349.09 0.00 514,349.09 0.00
IIA3 14,813,000.00 4.059380% 45,098.70 0.00 0.00 45,098.70 0.00 45,098.70 0.00
M1 38,600,000.00 4.139380% 119,835.05 0.00 0.00 119,835.05 0.00 119,835.05 0.00
M2 33,968,000.00 4.159380% 105,964.36 0.00 0.00 105,964.36 0.00 105,964.36 0.00
M3 23,160,000.00 4.179380% 72,595.83 0.00 0.00 72,595.83 0.00 72,595.83 0.00
M4 16,984,000.00 4.269380% 54,383.36 0.00 0.00 54,383.36 0.00 54,383.36 0.00
M5 17,499,000.00 4.309380% 56,557.38 0.00 0.00 56,557.38 0.00 56,557.38 0.00
M6 16,469,000.00 4.359380% 53,845.97 0.00 0.00 53,845.97 0.00 53,845.97 0.00
M7 15,955,000.00 4.839380% 57,909.23 0.00 0.00 57,909.23 0.00 57,909.23 0.00
M8 12,352,000.00 5.019380% 46,499.54 0.00 0.00 46,499.54 0.00 46,499.54 0.00
B 11,323,000.00 5.469380% 46,447.34 0.00 0.00 46,447.34 0.00 46,447.34 0.00
N 34,450,000.00 4.949000% 265,428.64 0.00 0.00 265,428.64 0.00 265,428.64 0.00
C1 29,347,883.55 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Totals ############## 3,252,086.70 0.00 0.00 3,252,086.70 0.00 3,252,086.700.00
Notional Classes
C2 ############## 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00
OTC ############## 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Totals ############## 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Principal Distribution Detail
DISTRIBUTION IN DOLLARS
Prior Current Current Current Cumulative
Original Principal Principal Accreted Realized Principal Principal Realized
Class Balance Balance Distribution Principal Losses Recoveries Balance Losses
(1) (2) (3) (4) (5) (6) (7) (8)=(3)-(4)+(5)-(6)+(7)(9)IA 400,000,000.00 400,000,000.005,588,566.47 0.00 0.00 0.00 394,411,433.53 0.00
IIA1 224,789,000.00 224,789,000.005,051,065.84 0.00 0.00 0.00 219,737,934.16 0.00
IIA2 174,088,000.00 174,088,000.000.00 0.00 0.00 0.00 174,088,000.00 0.00
IIA3 14,813,000.00 14,813,000.00 0.00 0.00 0.00 0.00 14,813,000.00 0.00
M1 38,600,000.00 38,600,000.00 0.00 0.00 0.00 0.00 38,600,000.00 0.00
M2 33,968,000.00 33,968,000.00 0.00 0.00 0.00 0.00 33,968,000.00 0.00
M3 23,160,000.00 23,160,000.00 0.00 0.00 0.00 0.00 23,160,000.00 0.00
M4 16,984,000.00 16,984,000.00 0.00 0.00 0.00 0.00 16,984,000.00 0.00
M5 17,499,000.00 17,499,000.00 0.00 0.00 0.00 0.00 17,499,000.00 0.00
M6 16,469,000.00 16,469,000.00 0.00 0.00 0.00 0.00 16,469,000.00 0.00
M7 15,955,000.00 15,955,000.00 0.00 0.00 0.00 0.00 15,955,000.00 0.00
M8 12,352,000.00 12,352,000.00 0.00 0.00 0.00 0.00 12,352,000.00 0.00
B 11,323,000.00 11,323,000.00 0.00 0.00 0.00 0.00 11,323,000.00 0.00
N 34,450,000.00 34,450,000.00 2,630,392.52 0.00 0.00 0.00 31,819,607.48 0.00
C1 29,347,883.55 29,347,883.55 0.00 0.00 11,468.87 0.00 29,336,414.68 0.00
Totals 976,325,000.00 ##############13,270,024.83 2,893,711.1810,639,632.310.00 ############## 0.00
Collateral Summary - Group 1
ASSET CHARACTERISTICS
Cut-Off Prior Current
Aggregate Stated Principal Balance 506,017,875.76 506,017,875.76500,423,285.16
Loan Count 2,652 2,652 2,629
Weighted Average Coupon Rate (WAC) 7.212064% 7.212064% N/A
Net Weighted Average Coupon Rate (Net WAC) 6.700564% 6.700564% N/A
Weighted Average Maturity (WAM in 356 356 356 months)
AVAILABLE PRINCIPAL AVAILABLE INTEREST
Scheduled Interest 3,041,194.83 Curtailments 36,052.08 Less: Servicing Fee 210,841.38 Master Servicing Fee 2,108.53 Credit Risk Management Fee 5,061.19 Indenture Trustee Fee 2,741.06 Uncompensated PPIS 0.00 Civil Relief Act Shortfall 0.00 TOTAL AVAILABLE PRINCIPAL 77,216.00 TOTAL AVAILABLE INTEREST 2,820,442.67 Current Realized Losses 0.00 Realized Losses and Recoveries from Prior 0.00 Periods Cumulative Realized Losses 0.00
Collateral Summary - Group 2
ASSET CHARACTERISTICS
Cut-Off Prior Current
Aggregate Stated Principal Balance 523,330,007.79 523,330,007.79518,273,497.21
Loan Count 2,194 2,194 2,178
Weighted Average Coupon Rate (WAC) 7.192196% 7.192196% N/A
Net Weighted Average Coupon Rate (Net WAC) 6.680696% 6.680696% N/A
Weighted Average Maturity (WAM in 355 355 355 months)
AVAILABLE PRINCIPAL AVAILABLE INTEREST
Scheduled Interest 3,136,576.88 Curtailments 31,129.42 Less: Servicing Fee 218,054.54 Master Servicing Fee 2,180.75 Credit Risk Management Fee 5,233.90 Indenture Trustee Fee 2,834.78 Uncompensated PPIS 0.00 Civil Relief Act Shortfall 0.00 TOTAL AVAILABLE PRINCIPAL 77,216.00 TOTAL AVAILABLE INTEREST 2,908,272.91 Current Realized Losses 0.00 Realized Losses and Recoveries from Prior 0.00 Periods Cumulative Realized Losses 0.00
Delinquency Information
GROUP 1
30-59 Days 60-89 Days 90+ Days Totals
Delinquency
Scheduled Principal Balance 0.00 0.00 0.00 0.00 Percentage of Total Pool Balance 0.0000% 0.0000% 0.0000% 0.0000% Number of Loans 0 0 0 0
Percentage of Total Loans 0.0000% 0.0000% 0.0000% 0.0000% Bankruptcy
Scheduled Principal Balance 0.00 0.00 0.00 0.00 Percentage of Total Pool Balance 0.0000% 0.0000% 0.0000% 0.0000%
Number of Loans 0 0 0 0 Percentage of Total Loans 0.0000% 0.0000% 0.0000% 0.0000%
Foreclosure
Scheduled Principal Balance 0.00 0.00 0.00 0.00 Percentage of Total Pool Balance 0.0000% 0.0000% 0.0000% 0.0000%
Number of Loans 0 0 0 0 Percentage of Total Loans 0.0000% 0.0000% 0.0000% 0.0000%
REO
Scheduled Principal Balance 0.00 0.00 0.00 0.00 Percentage of Total Pool Balance 0.0000% 0.0000% 0.0000% 0.0000%
Number of Loans 0 0 0 0 Percentage of Total Loans 0.0000% 0.0000% 0.0000% 0.0000%
Total
Scheduled Principal Balance 0.00 0.00 0.00 0.00 Percentage of Total Pool Balance 0.0000% 0.0000% 0.0000% 0.0000%
Number of Loans 0 0 0 0 Percentage of Total Loans 0.0000% 0.0000% 0.0000% 0.0000%
Principal and Interest Advances N/A
Delinquency Information
GROUP 2
30-59 Days 60-89 Days 90+ Days Totals
Delinquency
Scheduled Principal Balance 0.00 0.00 0.00 0.00 Percentage of Total Pool Balance 0.0000% 0.0000% 0.0000% 0.0000% Number of Loans 0 0 0 0
Percentage of Total Loans 0.0000% 0.0000% 0.0000% 0.0000% Bankruptcy
Scheduled Principal Balance 0.00 0.00 0.00 0.00 Percentage of Total Pool Balance 0.0000% 0.0000% 0.0000% 0.0000%
Number of Loans 0 0 0 0 Percentage of Total Loans 0.0000% 0.0000% 0.0000% 0.0000%
Foreclosure
Scheduled Principal Balance 0.00 0.00 0.00 0.00 Percentage of Total Pool Balance 0.0000% 0.0000% 0.0000% 0.0000%
Number of Loans 0 0 0 0 Percentage of Total Loans 0.0000% 0.0000% 0.0000% 0.0000%
REO
Scheduled Principal Balance 0.00 0.00 0.00 0.00 Percentage of Total Pool Balance 0.0000% 0.0000% 0.0000% 0.0000%
Number of Loans 0 0 0 0 Percentage of Total Loans 0.0000% 0.0000% 0.0000% 0.0000%
Total
Scheduled Principal Balance 0.00 0.00 0.00 0.00 Percentage of Total Pool Balance 0.0000% 0.0000% 0.0000% 0.0000%
Number of Loans 0 0 0 0 Percentage of Total Loans 0.0000% 0.0000% 0.0000% 0.0000%
Principal and Interest Advances N/A
Credit Enhancement
SUBORDINATION LEVELS
Original Prior Current
Aggregate Certificate Principal Balance ############## ##############989,360,367.69
Senior Principal Balance 825,013,000.00 825,013,000.00814,373,367.69 Senior Percentage 82.501300% 82.501300% 82.313118% Senior Credit Support 17.498700% 17.498700% 17.686882%
Class M1 Principal Balance 38,600,000.00 38,600,000.00 38,600,000.00 Class M1 Percentage 3.860000% 3.860000% 3.901511% Class M1 Credit Support 13.638700% 13.638700% 13.785371%
Class M2 Principal Balance 33,968,000.00 33,968,000.00 33,968,000.00 Class M2 Percentage 3.396800% 3.396800% 3.433329% Class M2 Credit Support 10.241900% 10.241900% 10.352042%
Class M3 Principal Balance 23,160,000.00 23,160,000.00 23,160,000.00 Class M3 Percentage 2.316000% 2.316000% 2.340906% Class M3 Credit Support 7.925900% 7.925900% 8.011136%
Class M4 Principal Balance 16,984,000.00 16,984,000.00 16,984,000.00 Class M4 Percentage 1.698400% 1.698400% 1.716665% Class M4 Credit Support 6.227500% 6.227500% 6.294471%
Class M5 Principal Balance 17,499,000.00 17,499,000.00 17,499,000.00 Class M5 Percentage 1.749900% 1.749900% 1.768719% Class M5 Credit Support 4.477600% 4.477600% 4.525752%
Class M6 Principal Balance 16,469,000.00 16,469,000.00 16,469,000.00 Class M6 Percentage 1.646900% 1.646900% 1.664611% Class M6 Credit Support 2.830700% 2.830700% 2.861141%
Class M7 Principal Balance 15,955,000.00 15,955,000.00 15,955,000.00 Class M7 Percentage 1.595500% 1.595500% 1.612658% Class M7 Credit Support 1.235200% 1.235200% 1.248483%
Class M8 Principal Balance 12,352,000.00 12,352,000.00 12,352,000.00 Class M8 Percentage 1.235200% 1.235200% 1.248483% Class M8 Credit Support 0.000000% 0.000000% 0.000000% Credit Enhancement
GROUP 1
Overcollateralization Target Amount (2.85% of the Cut-off Date Pool Principal Balance) 29,336,414.68 2.8798% Beginning Overcollateralization Amount 29,347,883.55 2.8511% Overcollateralization Deficiency Amount 0.00 Excess Overcollateralization 11,468.87 Amount
Excess Spread Available for O/C 2,742,057.52 Deficiency Overcollateralization Increase Amount 0.00 Overcollateralization Reduction Amount 11,468.87
Ending Overcollateralization 29,336,414.68 2.8798%
Credit Enhancement Percentage 21.1689%
Other Information
Rate Cap Contract
Cap Contract
Beginning Notional 808,028,821.41
Amount
Cap Contract
Ending Notional Amount807,411,219.76
Current Cap
Amount Paid 0.00
Next Cap
Amount to be Paid 104,066.33Deal Performance
Information
Cumulative
Loss Percentage 0.000000%
Cumulative
Loss Trigger on and
after Stepdown Date 1.550000%
(25-Sep-2008)
Cumulative
Trigger Event No
Three-Month
Rolling Delinquency 0.000000%
Percentage
Delinquency
Trigger 29.248158%
Delinquency
Trigger Event No
Servicer
Termination Trigger NoRate Reset Information
Current
Libor 3.669380%
Next Libor 3.830000%
Weighted
Average Pass-Through 4.014407%
RateNext Pass-Through Rate Information
IA1 Next
Pass-Through Rate 4.075000%
IIA1 Next
Pass-Through Rate 3.950000%
IIA2 Next
Pass-Through Rate 4.100000%
IIA3 Next
Pass-Through Rate 4.220000%
M1 Next
Pass-Through Rate 4.300000%
M2 Next
Pass-Through Rate 4.320000%
M3 Next
Pass-Through Rate 4.340000%
M4 Next
Pass-Through Rate 4.430000%
M5 Next
Pass-Through Rate 4.470000%
M6 Next
Pass-Through Rate 4.520000%
M7 Next
Pass-Through Rate 5.000000%
M8 Next
Pass-Through Rate 5.180000%
B Next
Pass-Through Rate 5.630000%WATERFALL DISTRIBUTION DETAIL
Group 1 Interest Funds2,820,442.67
Class IA
Current & Carryforward-1,174,314.00
InterestRemaining Group 1 1,646,128.67 Interest Funds
Group 2 Interest Funds2,908,272.91
Class IIA1,
IIA2, IIA3 Current & -1,198,306.00
Carryforward InterestRemaining Group 2 1,709,966.91 Interest Funds
Remaining Group 1 & 2
Interest Funds 3,356,095.58
Class M1
Current & Carryforward-119,835.05
Interest
Class M2
Current & Carryforward-105,964.36
Interest
Class M3
Current & Carryforward-72,595.83
Interest
Class M4
Current & Carryforward-54,383.36
Interest
Class M5
Current & Carryforward-56,557.38
Interest
Class M6
Current & Carryforward-53,845.97
Interest
Class M7
Current & Carryforward-57,909.23
Interest
Class M8
Current & Carryforward-46,499.54
Interest
Class B
Current & Carryforward-46,447.34
InterestRemaining Group 1 & 2 Interest Funds to be 2,742,057.52 distributed as Excess Cashflow
Group 1 Principal Funds 5,594,590.60
Overcollateralization
Release Amount to be -6,024.13
distributed as Excess
Cashflow
Class IA
Principal -5,588,566.47Remaining Group 1 0.00 Principal Funds
Group 2 Principal Funds 5,056,510.58
Overcollateralization
Release Amount to be -5,444.74
distributed as Excess
Cashflow
Class IIA1
Principal -5,051,065.84
Class IIA2
Principal 0.00
Class IIA3
Principal 0.00Remaining Group 2 0.00 Principal Funds
WATERFALL DISTRIBUTION DETAIL (Continued)
Remaining Group 1 & 2
Principal Funds 0.00
Class M1
Principal 0.00
Class M2
Principal 0.00
Class M3
Principal 0.00
Class M4
Principal 0.00
Class M5
Principal 0.00
Class M6
Principal 0.00
Class M7
Principal 0.00
Class M8
Principal 0.00
Class B
Principal 0.00Remaining Group 1 & 2 Principal Funds to be 0.00 distributed as Excess Cashflow
Excess Cashflow 2,753,526.39
Class IA
Extra Principal
Payment Amount to 0.00
increase
Overcollateralization
Class IIA
Extra Principal
Payment Amount to 0.00
increase
Overcollateralization
Class N
Current & Carryforward
Interest and Principal-2,753,526.39
Payment Amount
Class C1 and
Class C2 Current 0.00
Interest
Class C1
payment in reduction
of the Note Principal 0.00
Balance
Remaining
Excess Cashflow to the
Owner Trust 0.00
CertificateGroup 1 Prepayment
Charges 96,955.99
Group 2 Prepayment
Charges 45,338.78
Class N
Prepayment Charges and
Prepayment Charge -142,294.77
Payment AmountsCONTACT INFORMATION CONTENTS
Distribution Summary 2
Seller / Servicer ECC Capital
Corporation
Distribution Summary
(Factors) 2Irvine, CA 92606
Interest Distribution 2
Depositor Wachovia Mortgage Loan
Trust, LLC
301 South College Street, NC0610
Principal Distribution2
Charlotte, NC 28288Collateral Summary 1 1833 Alton Parkway
Delinquency Information 2
Credit Risk Manager MortgageRamp, LLC Credit Enhancement 2
Atlanta, GA 30328 Other Information 2 Master Servicer CitiMortgage, Inc. 14651 Dallas Parkway, Suite 210
Dallas, TX 75240
Securities Administrator Citibank, N.A. 388 Greenwich Street, 14th Floor
New York, NY 10013
Deal Contact: Kristen Driscoll Citibank, N.A.
kristen.driscoll@citigroup.com Agency and
Trust
388 Greenwich
Tel: (212) 816-5681 Street, 14th
Floor
Fax: (212) 816-5527 New York, NY
10013Page 1 of 1 Reports Available at (c) Copyright
www.sf.citidirect.com 2005 Citigroup