Encore Credit Receivables Trust 2005-3 Inactive
Filed: 3 Jan 06, 12:00am
Encore Credit Receivables Trust Asset-Backed Notes, Series 2005-3 Distribution Date: 12/27/2005 Record Date: 11/30/2005
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 400,000,000.00 371,808,566.734.438750% 1,466,991.36 17,219,290.5418,686,281.90 0.00 0.00 354,589,276.19
IIA1 224,789,000.00 195,684,386.734.313750% 750,340.91 16,367,426.9517,117,767.86 0.00 0.00 179,316,959.78
IIA2 174,088,000.00 174,088,000.004.463750% 690,742.50 0.00 690,742.50 0.00 0.00 174,088,000.00
IIA3 14,813,000.00 14,813,000.00 4.583750% 60,354.75 0.00 60,354.75 0.00 0.00 14,813,000.00
M1 38,600,000.00 38,600,000.00 4.663750% 160,018.44 0.00 160,018.44 0.00 0.00 38,600,000.00
M2 33,968,000.00 33,968,000.00 4.683750% 141,420.11 0.00 141,420.11 0.00 0.00 33,968,000.00
M3 23,160,000.00 23,160,000.00 4.703750% 96,834.53 0.00 96,834.53 0.00 0.00 23,160,000.00
M4 16,984,000.00 16,984,000.00 4.793750% 72,370.71 0.00 72,370.71 0.00 0.00 16,984,000.00
M5 17,499,000.00 17,499,000.00 4.833750% 75,187.37 0.00 75,187.37 0.00 0.00 17,499,000.00
M6 16,469,000.00 16,469,000.00 4.883750% 71,493.76 0.00 71,493.76 0.00 0.00 16,469,000.00
M7 15,955,000.00 15,955,000.00 5.363750% 76,069.89 0.00 76,069.89 0.00 0.00 15,955,000.00
M8 12,352,000.00 12,352,000.00 5.543750% 60,867.91 0.00 60,867.91 0.00 0.00 12,352,000.00
B 11,323,000.00 11,323,000.00 5.993750% 60,326.43 0.00 60,326.43 0.00 0.00 11,323,000.00
N 34,450,000.00 26,671,298.35 4.949000% 109,996.88 2,448,792.48 2,558,789.36 0.00 0.00 24,222,505.87
C1 29,347,883.55 29,336,078.23 0.000000% 0.00 0.00 0.00 0.00 0.00 29,336,078.23
Totals ############## 998,711,330.04 3,893,015.55 36,035,509.9739,928,525.52 0.00 0.00 869,487,235.97
Notional Classes
C2 ############## 942,703,953.460.000000% 0.00 0.00 0.00 0.00 0.00 909,117,235.97
OTC ############## 942,703,953.460.000000% 0.00 0.00 0.00 0.00 0.00 909,117,235.97
Totals ############## ############## 0.00 0.00 0.00 0.00 0.00 29,336,078.23
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 929.521417 3.667478 43.048226 46.715705 0.000000 0.000000 886.473190
IIA1 29256PAB0 870.524744 3.337979 72.812402 76.150380 0.000000 0.000000 797.712343
IIA2 29256PAC8 1,000.000000 3.967778 0.000000 3.967778 0.000000 0.000000 1,000.000000
IIA3 29256PAD6 1,000.000000 4.074445 0.000000 4.074445 0.000000 0.000000 1,000.000000
M1 29256PAE4 1,000.000000 4.145555 0.000000 4.145555 0.000000 0.000000 1,000.000000
M2 29256PAF1 1,000.000000 4.163333 0.000000 4.163333 0.000000 0.000000 1,000.000000
M3 29256PAG9 1,000.000000 4.181111 0.000000 4.181111 0.000000 0.000000 1,000.000000
M4 29256PAH7 1,000.000000 4.261111 0.000000 4.261111 0.000000 0.000000 1,000.000000
M5 29256PAJ3 1,000.000000 4.296667 0.000000 4.296667 0.000000 0.000000 1,000.000000
M6 29256PAK0 1,000.000000 4.341111 0.000000 4.341111 0.000000 0.000000 1,000.000000
M7 29256PAL8 1,000.000000 4.767777 0.000000 4.767777 0.000000 0.000000 1,000.000000
M8 29256PAM6 1,000.000000 4.927778 0.000000 4.927778 0.000000 0.000000 1,000.000000
B 29256PAN4 1,000.000000 5.327778 0.000000 5.327778 0.000000 0.000000 1,000.000000
N 29256PAP9 774.203145 3.192943 71.082510 74.275453 0.000000 0.000000 703.120635
C1 126673M74 999.597745 0.000000 0.000000 0.000000 0.000000 0.000000 999.597745
C2 126673M82 942.703953 0.000000 0.000000 0.000000 0.000000 0.000000 909.117236
OTC 942.703953 0.000000 0.000000 0.000000 0.000000 0.000000 909.117236
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 371,808,566.73 4.438750% 1,466,991.36 0.00 0.00 1,466,991.36 0.00 1,466,991.360.00
IIA1 195,684,386.73 4.313750% 750,340.91 0.00 0.00 750,340.91 0.00 750,340.91 0.00
IIA2 174,088,000.00 4.463750% 690,742.50 0.00 0.00 690,742.50 0.00 690,742.50 0.00
IIA3 14,813,000.00 4.583750% 60,354.75 0.00 0.00 60,354.75 0.00 60,354.75 0.00
M1 38,600,000.00 4.663750% 160,018.44 0.00 0.00 160,018.44 0.00 160,018.44 0.00
M2 33,968,000.00 4.683750% 141,420.11 0.00 0.00 141,420.11 0.00 141,420.11 0.00
M3 23,160,000.00 4.703750% 96,834.53 0.00 0.00 96,834.53 0.00 96,834.53 0.00
M4 16,984,000.00 4.793750% 72,370.71 0.00 0.00 72,370.71 0.00 72,370.71 0.00
M5 17,499,000.00 4.833750% 75,187.37 0.00 0.00 75,187.37 0.00 75,187.37 0.00
M6 16,469,000.00 4.883750% 71,493.76 0.00 0.00 71,493.76 0.00 71,493.76 0.00
M7 15,955,000.00 5.363750% 76,069.89 0.00 0.00 76,069.89 0.00 76,069.89 0.00
M8 12,352,000.00 5.543750% 60,867.91 0.00 0.00 60,867.91 0.00 60,867.91 0.00
B 11,323,000.00 5.993750% 60,326.43 0.00 0.00 60,326.43 0.00 60,326.43 0.00
N 26,671,298.35 4.949000% 109,996.88 0.00 0.00 109,996.88 0.00 109,996.88 0.00
C1 29,336,078.23 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Totals 998,711,330.04 3,893,015.55 0.00 0.00 3,893,015.55 0.00 3,893,015.550.00
Notional Classes
C2 942,703,953.46 0.000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00
OTC 942,703,953.46 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 400,000,000.00 371,808,566.7317,219,290.54 0.00 0.00 0.00 354,589,276.19 0.00
IIA1 224,789,000.00 195,684,386.7316,367,426.95 0.00 0.00 0.00 179,316,959.78 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 26,671,298.35 2,448,792.48 0.00 0.00 0.00 24,222,505.87 0.00
C1 29,347,883.55 29,336,078.23 0.00 0.00 0.00 0.00 29,336,078.23 0.00
Totals 976,325,000.00 998,711,330.0436,035,509.97 3,661,824.33 33,586,717.490.00 962,675,820.07 0.00
Collateral Summary - Group 1
ASSET CHARACTERISTICS
Cut-Off Prior Current
Aggregate Stated Principal Balance 506,017,875.76 477,820,277.91460,600,987.37
Loan Count 2,652 2,524 2,444
Weighted Average Coupon Rate (WAC) 7.212064% 7.195752% N/A
Net Weighted Average Coupon Rate (Net WAC) 6.688564% 6.672252% N/A
Weighted Average Maturity (WAM in 356 354 353 months)
AVAILABLE PRINCIPAL AVAILABLE INTEREST
Scheduled Interest 2,865,230.71 Curtailments 11,920.15 Add: Cap Contract Amount 183,033.32 Less: Servicing Fee 199,092.04 Master Servicing Fee 1,990.90 Credit Risk Management Fee 5,972.82 Indenture Trustee Fee 1,393.54 Uncompensated PPIS 0.00 Civil Relief Act Shortfall 0.00 Other Amounts 0.00 Current Realized Losses 0.00 TOTAL AVAILABLE INTEREST 2,839,814.73 Cumulative Realized Losses 0.00
Collateral Summary - Group 2
ASSET CHARACTERISTICS
Cut-Off Prior Current
Aggregate Stated Principal Balance 523,330,007.79 494,219,753.78477,852,326.83
Loan Count 2,194 2,095 2,037
Weighted Average Coupon Rate (WAC) 7.192196% 7.183445% N/A
Net Weighted Average Coupon Rate (Net WAC) 6.668696% 6.659945% N/A
Weighted Average Maturity (WAM in 355 353 352 months)
AVAILABLE PRINCIPAL AVAILABLE INTEREST
Scheduled Interest 2,958,500.17 Curtailments 26,429.40 Add: Cap Contract Amount 189,315.28 Less: Servicing Fee 205,925.14 Master Servicing Fee 2,059.31 Credit Risk Management Fee 6,177.74 Indenture Trustee Fee 1,441.43 Uncompensated PPIS 0.00 Civil Relief Act Shortfall 0.00 Other Amounts 0.00 Current Realized Losses 0.00 TOTAL AVAILABLE INTEREST 2,932,211.83 Cumulative Realized Losses 0.00
Delinquency Information
GROUP 1
Less Than 30 Days 30-59 Days 60-89 Days 90+ Days Totals
Delinquency
Scheduled Principal Balance 7,426,903.03 3,572,872.98 318,565.46 11,318,341.47 Percentage of Total Pool Balance 1.6124% 0.7757% 0.0692% 2.4573% Number of Loans 41 23 1 65
Percentage of Total Loans 1.6776% 0.9411% 0.0409% 2.6596% Bankruptcy
Scheduled Principal Balance 888,040.69 0.00 0.00 0.00 888,040.69 Percentage of Total Pool Balance 0.1928% 0.0000% 0.0000% 0.0000% 0.1928%
Number of Loans 8 0 0 0 8 Percentage of Total Loans 0.3273% 0.0000% 0.0000% 0.0000% 0.3273%
Foreclosure
Scheduled Principal Balance 0.00 377,182.98 0.00 377,182.98 Percentage of Total Pool Balance 0.0000% 0.0819% 0.0000% 0.0819%
Number of Loans 0 2 0 2 Percentage of Total Loans 0.0000% 0.0818% 0.0000% 0.0818%
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 888,040.69 7,426,903.03 3,950,055.96 318,565.46 12,583,565.14 Percentage of Total Pool Balance 0.1928% 1.6124% 0.8576% 0.0692% 2.7320%
Number of Loans 8 41 25 1 75 Percentage of Total Loans 0.3273% 1.6776% 1.0229% 0.0409% 3.0687%
Principal and Interest Advances 75,137.60
Delinquency Information
GROUP 2
Less Than 30 Days 30-59 Days 60-89 Days 90+ Days Totals
Delinquency
Scheduled Principal Balance 5,691,728.41 3,839,731.74 283,166.55 9,814,626.70 Percentage of Total Pool Balance 1.1911% 0.8035% 0.0593% 2.0539% Number of Loans 29 20 1 50
Percentage of Total Loans 1.4237% 0.9818% 0.0491% 2.4546% Bankruptcy
Scheduled Principal Balance 294,167.99 81,387.09 556,778.22 0.00 932,333.30 Percentage of Total Pool Balance 0.0616% 0.0170% 0.1165% 0.0000% 0.1951%
Number of Loans 3 1 2 0 6 Percentage of Total Loans 0.1473% 0.0491% 0.0982% 0.0000% 0.2946%
Foreclosure
Scheduled Principal Balance 0.00 538,673.21 69,749.24 608,422.45 Percentage of Total Pool Balance 0.0000% 0.1127% 0.0146% 0.1273%
Number of Loans 0 2 1 3 Percentage of Total Loans 0.0000% 0.0982% 0.0491% 0.1473%
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 294,167.99 5,773,115.50 4,935,183.17 352,915.79 11,355,382.45 Percentage of Total Pool Balance 0.0616% 1.2081% 1.0328% 0.0739% 2.3763%
Number of Loans 3 30 24 2 59 Percentage of Total Loans 0.1473% 1.4728% 1.1782% 0.0982% 2.8964%
Principal and Interest Advances 69,626.33
Credit Enhancement
SUBORDINATION LEVELS
Original Prior Current
Aggregate Certificate Principal Balance ############## 942,703,953.46909,117,235.97
Senior Principal Balance 825,013,000.00 767,716,953.46734,130,235.97 Senior Percentage 82.501300% 81.437757% 80.751987% Senior Credit Support 17.498700% 18.562243% 19.248013%
Class M1 Principal Balance 38,600,000.00 38,600,000.00 38,600,000.00 Class M1 Percentage 3.860000% 4.094605% 4.245877% Class M1 Credit Support 13.638700% 14.467638% 15.002136%
Class M2 Principal Balance 33,968,000.00 33,968,000.00 33,968,000.00 Class M2 Percentage 3.396800% 3.603252% 3.736372% Class M2 Credit Support 10.241900% 10.864386% 11.265764%
Class M3 Principal Balance 23,160,000.00 23,160,000.00 23,160,000.00 Class M3 Percentage 2.316000% 2.456763% 2.547526% Class M3 Credit Support 7.925900% 8.407624% 8.718238%
Class M4 Principal Balance 16,984,000.00 16,984,000.00 16,984,000.00 Class M4 Percentage 1.698400% 1.801626% 1.868186% Class M4 Credit Support 6.227500% 6.605998% 6.850052%
Class M5 Principal Balance 17,499,000.00 17,499,000.00 17,499,000.00 Class M5 Percentage 1.749900% 1.856256% 1.924834% Class M5 Credit Support 4.477600% 4.749741% 4.925217%
Class M6 Principal Balance 16,469,000.00 16,469,000.00 16,469,000.00 Class M6 Percentage 1.646900% 1.746996% 1.811538% Class M6 Credit Support 2.830700% 3.002745% 3.113680%
Class M7 Principal Balance 15,955,000.00 15,955,000.00 15,955,000.00 Class M7 Percentage 1.595500% 1.692472% 1.754999% Class M7 Credit Support 1.235200% 1.310273% 1.358681%
Class M8 Principal Balance 12,352,000.00 12,352,000.00 12,352,000.00 Class M8 Percentage 1.235200% 1.310273% 1.358681% Class M8 Credit Support 0.000000% 0.000000% 0.000000% Credit Enhancement
GROUP 1
Required Overcollateralization Amount 29,336,078.23 3.1260% Prior Overcollateralization Amount 29,336,078.23 3.0180% Overcollateralization Decrease due to 0.00 Realized Losses
Overcollateralization Deficiency Amount 0.00
Excess Spread Available for Overcollateralization 1,989,007.89 Increase Overcollateralization Increase Amount 0.00
Excess Overcollateralization Amount 0.00
Principal Available for Overcollateralization Reduction 33,586,717.49
Overcollateralization Reduction Amount 0.0000%
Other Information
Rate Cap Contract
Beginning
Notional Amount 799,794,132.78
Ending
Notional Amount 792,794,647.45
Amount Paid 372,348.60
Next Amount
to be Paid 452,636.19Deal Performance
Information
Servicer
Termination Trigger NoRate Reset Information
Current
Libor 4.193750%
Next Libor 4.378750%
Weighted
Average Pass-Through 4.526516%
RateNext Pass-Through Rate Information
IA1 Next
Pass-Through Rate 4.623750%
IIA1 Next
Pass-Through Rate 4.498750%
IIA2 Next
Pass-Through Rate 4.648750%
IIA3 Next
Pass-Through Rate 4.768750%
M1 Next
Pass-Through Rate 4.848750%
M2 Next
Pass-Through Rate 4.868750%
M3 Next
Pass-Through Rate 4.888750%
M4 Next
Pass-Through Rate 4.978750%
M5 Next
Pass-Through Rate 5.018750%
M6 Next
Pass-Through Rate 5.068750%
M7 Next
Pass-Through Rate 5.548750%
M8 Next
Pass-Through Rate 5.728750%
B Next
Pass-Through Rate 6.178750%WATERFALL DISTRIBUTION DETAIL
Group 1 Interest Funds2,839,814.73
Class IA
Current & Carryforward-1,466,991.36
InterestRemaining Group 1 1,372,823.37 Interest Funds
Group 2 Interest Funds2,932,211.83
Class IIA1,
IIA2, IIA3 Current & -1,501,438.16
Carryforward InterestRemaining Group 2 1,430,773.67 Interest Funds
Remaining Group 1 & 2
Interest Funds 2,803,597.04
Class M1
Current & Carryforward-160,018.44
Interest
Class M2
Current & Carryforward-141,420.11
Interest
Class M3
Current & Carryforward-96,834.53
Interest
Class M4
Current & Carryforward-72,370.71
Interest
Class M5
Current & Carryforward-75,187.37
Interest
Class M6
Current & Carryforward-71,493.76
Interest
Class M7
Current & Carryforward-76,069.89
Interest
Class M8
Current & Carryforward-60,867.91
Interest
Class B
Current & Carryforward-60,326.43
InterestRemaining Group 1 & 2 Interest Funds to be 1,989,007.89 distributed as Excess Cashflow
Group 1 Principal
Funds 17,219,290.54
Class IA
Principal -17,219,290.54Remaining Group 1 0.00 Principal Funds
Group 2 Principal
Funds 16,367,426.95
Class IIA1
Principal -16,367,426.95
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 1,989,007.89
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-1,989,007.89
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 330,838.72
Group 2 Prepayment
Charges 238,942.75
Class N
Prepayment Charges and
Prepayment Charge -569,781.47
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, Inc. Credit Enhancement 2
Atlanta, GA 30328 Other Information 2 Master Servicer CitiMortgage, Inc. 4000 Regent Blvd., 3rd Floor
Irving, TX 75063
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