Carrington Mortgage Loan Trust, Series 2005-NC5 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 October 1, 2005,
                providing for the issuance of Carrington Mortgage Loan Trust
                   Series 2005-NC5 Asset-Backed Pass-Through Certificates)
                 (Exact name of registrant as specified in charter)

                                         DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-124562-02                         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 Mortgage Loan Trust 2005-NC5
Asset Backed Pass-Through Certificates
2005-NC5
December 27, 2005 Distribution
				External Parties						Table of Contents
													Page
				Seller
										1. Certificate Payment Report					2
				Carrington Mortgage Loan Trust
										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					19
										11. Realized Loss Detail Report					22
				Servicer(s)
										12. Triggers and Adj. Cert. Report					23
				New Century Mortgage Corporation
										13. Additional Certificate Report					24
				Underwriter(s)
				Citigroup Glbl Mrkts Inc
										Total Number of Pages					24
				Dates						Contacts
				Cut-Off Date:			October 01, 2005			Brent Hoyler
				Close Date:			October 04, 2005			Administrator
				First Distribution Date:			November 25, 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 24
Carrington Mortgage Loan Trust 2005-NC5
Asset Backed Pass-Through Certificates
2005-NC5
December 27, 2005 Distribution
Certificate Payment Report
Current Period Distribution -
					Prior												Current
	Class		Original		Principal						Total		Realized		Deferred		Principal
Class	Type	Cur	Face Value		Balance		Interest		Principal		Distribution		Loss		Interest		Balance
					(1)		(2)		(3)		(4)=(2)+(3)		(5)		(6)		(7)=(1)-(3)-(5)+(6)
A-1	FLT/STEP/AF	$	498,372,000.00		476,086,807.41		1,825,528.41		24,094,459.94		25,919,988.35		0.00		0.00		451,992,347.47
A-2	FLT/STEP/AF	$	494,162,000.00		494,162,000.00		1,982,687.76		0.00		1,982,687.76		0.00		0.00		494,162,000.00
A-3	FLT/STEP/AF	$	39,345,000.00		39,345,000.00		161,358.22		0.00		161,358.22		0.00		0.00		39,345,000.00
M-1	FLT/STEP/AF	$	52,400,000.00		52,400,000.00		217,692.89		0.00		217,692.89		0.00		0.00		52,400,000.00
M-2	FLT/STEP/AF	$	49,041,000.00		49,041,000.00		204,609.95		0.00		204,609.95		0.00		0.00		49,041,000.00
M-3	FLT/STEP/AF	$	32,918,000.00		32,918,000.00		137,926.42		0.00		137,926.42		0.00		0.00		32,918,000.00
M-4	FLT/STEP/AF	$	24,185,000.00		24,185,000.00		104,129.86		0.00		104,129.86		0.00		0.00		24,185,000.00
M-5	FLT/STEP/AF	$	23,513,000.00		23,513,000.00		101,863.54		0.00		101,863.54		0.00		0.00		23,513,000.00
M-6	FLT/STEP/AF	$	20,826,000.00		20,826,000.00		91,148.46		0.00		91,148.46		0.00		0.00		20,826,000.00
M-7	FLT/STEP/AF	$	16,123,000.00		16,123,000.00		78,017.41		0.00		78,017.41		0.00		0.00		16,123,000.00
M-8	FLT/STEP/AF	$	18,139,000.00		18,139,000.00		90,191.14		0.00		90,191.14		0.00		0.00		18,139,000.00
M-9	FLT/STEP/AF	$	16,123,000.00		16,123,000.00		87,332.92		0.00		87,332.92		0.00		0.00		16,123,000.00
M-10	FLT/STEP/AF	$	14,779,000.00		14,779,000.00		84,650.83		0.00		84,650.83		0.00		0.00		14,779,000.00
M-11	FLT/STEP/AF	$	6,718,000.00		6,718,000.00		38,479.22		0.00		38,479.22		0.00		0.00		6,718,000.00
CE	WAC/EXE	$	36,949,462.18		36,948,822.96		2,181,034.74		0.00		2,181,034.74		0.00		0.00		36,948,822.96
P	EXE	$	100.00		100.00		245,451.23		0.00		245,451.23		0.00		0.00		100.00
RI	EXE/NPR	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
RII	NPR/EXE	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			1,343,593,562.18		1,321,307,730.37		7,632,103.00		24,094,459.94		31,726,562.94		0.00		0.00		1,297,213,270.43
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		144531DK3		498,372,000.00		955.284020		3.662983		48.346336		52.009319	906.937684
A-2	11/25/05		12/26/05		A-Act/360		144531DL1		494,162,000.00		1,000.000000		4.012222		0.000000		4.012222	1,000.000000
A-3	11/25/05		12/26/05		A-Act/360		144531DM9		39,345,000.00		1,000.000000		4.101111		0.000000		4.101111	1,000.000000
M-1	11/25/05		12/26/05		A-Act/360		144531DN7		52,400,000.00		1,000.000000		4.154444		0.000000		4.154444	1,000.000000
M-2	11/25/05		12/26/05		A-Act/360		144531DP2		49,041,000.00		1,000.000000		4.172222		0.000000		4.172222	1,000.000000
M-3	11/25/05		12/26/05		A-Act/360		144531DQ0		32,918,000.00		1,000.000000		4.190000		0.000000		4.190000	1,000.000000
M-4	11/25/05		12/26/05		A-Act/360		144531DR8		24,185,000.00		1,000.000000		4.305556		0.000000		4.305556	1,000.000000
M-5	11/25/05		12/26/05		A-Act/360		144531DS6		23,513,000.00		1,000.000000		4.332222		0.000000		4.332222	1,000.000000
M-6	11/25/05		12/26/05		A-Act/360		144531DT4		20,826,000.00		1,000.000000		4.376667		0.000000		4.376667	1,000.000000
M-7	11/25/05		12/26/05		A-Act/360		144531DU1		16,123,000.00		1,000.000000		4.838889		0.000000		4.838889	1,000.000000
M-8	11/25/05		12/26/05		A-Act/360		144531DV9		18,139,000.00		1,000.000000		4.972222		0.000000		4.972222	1,000.000000
M-9	11/25/05		12/26/05		A-Act/360		144531DW7		16,123,000.00		1,000.000000		5.416667		0.000000		5.416667	1,000.000000
M-10	11/25/05		12/26/05		A-Act/360		144531DX5		14,779,000.00		1,000.000000		5.727778		0.000000		5.727778	1,000.000000
M-11	11/25/05		12/26/05		A-Act/360		144531DY3		6,718,000.00		1,000.000000		5.727779		0.000000		5.727779	1,000.000000
CE	11/25/05		12/24/05		A-30/360		CA0505101		36,949,462.18		999.982700		59.027510		0.000000		59.027510	999.982700
P	11/25/05		12/24/05		A-30/360		CA0505102		100.00		1,000.000000		2,454,512.300000		0.000000		2,454,512.300000	1,000.000000
RI	11/25/05		12/24/05		A-30/360		CA0505103		0.00		0.000000		0.000000		0.000000		0.000000	0.000000
RII	11/25/05		12/24/05		A-30/360		CA0505104		0.00		0.000000		0.000000		0.000000		0.000000	0.000000
Page 2 of 24
Carrington Mortgage Loan Trust 2005-NC5
Asset Backed Pass-Through Certificates
2005-NC5
December 27, 2005 Distribution
Distribution to Date -
																	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	498,372,000.00		4,693,313.17		45,655,825.76		723,826.77		46,379,652.53		51,072,965.70		0.00		0.00		451,992,347.47
A-2	494,162,000.00		4,969,004.82		0.00		0.00		0.00		4,969,004.82		0.00		0.00		494,162,000.00
A-3	39,345,000.00		404,810.87		0.00		0.00		0.00		404,810.87		0.00		0.00		39,345,000.00
M-1	52,400,000.00		546,466.50		0.00		0.00		0.00		546,466.50		0.00		0.00		52,400,000.00
M-2	49,041,000.00		513,724.91		0.00		0.00		0.00		513,724.91		0.00		0.00		49,041,000.00
M-3	32,918,000.00		346,365.94		0.00		0.00		0.00		346,365.94		0.00		0.00		32,918,000.00
M-4	24,185,000.00		261,812.70		0.00		0.00		0.00		261,812.70		0.00		0.00		24,185,000.00
M-5	23,513,000.00		256,183.93		0.00		0.00		0.00		256,183.93		0.00		0.00		23,513,000.00
M-6	20,826,000.00		229,337.65		0.00		0.00		0.00		229,337.65		0.00		0.00		20,826,000.00
M-7	16,123,000.00		197,110.39		0.00		0.00		0.00		197,110.39		0.00		0.00		16,123,000.00
M-8	18,139,000.00		228,105.48		0.00		0.00		0.00		228,105.48		0.00		0.00		18,139,000.00
M-9	16,123,000.00		221,563.61		0.00		0.00		0.00		221,563.61		0.00		0.00		16,123,000.00
M-10	14,779,000.00		215,163.77		0.00		0.00		0.00		215,163.77		0.00		0.00		14,779,000.00
M-11	6,718,000.00		97,805.69		0.00		0.00		0.00		97,805.69		0.00		0.00		6,718,000.00
CE	36,949,462.18		2,216,354.11		628.79		10.43		639.22		2,216,993.33		0.00		0.00		36,948,822.96
P	100.00		480,932.33		0.00		0.00		0.00		480,932.33		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
RII	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total	1,343,593,562.18		15,878,055.87		45,656,454.55		723,837.20		46,380,291.75		62,258,347.62		0.00		0.00		1,297,213,270.43
Interest Detail -
	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	4.31375%		476,086,807.41		1,825,528.41		0.00		0.00		0.00		1,825,528.41		1,825,528.41		0.00
A-2	4.51375%		494,162,000.00		1,982,687.76		0.00		0.00		0.00		1,982,687.76		1,982,687.76		0.00
A-3	4.61375%		39,345,000.00		161,358.22		0.00		0.00		0.00		161,358.22		161,358.22		0.00
M-1	4.67375%		52,400,000.00		217,692.89		0.00		0.00		0.00		217,692.89		217,692.89		0.00
M-2	4.69375%		49,041,000.00		204,609.95		0.00		0.00		0.00		204,609.95		204,609.95		0.00
M-3	4.71375%		32,918,000.00		137,926.42		0.00		0.00		0.00		137,926.42		137,926.42		0.00
M-4	4.84375%		24,185,000.00		104,129.86		0.00		0.00		0.00		104,129.86		104,129.86		0.00
M-5	4.87375%		23,513,000.00		101,863.54		0.00		0.00		0.00		101,863.54		101,863.54		0.00
M-6	4.92375%		20,826,000.00		91,148.46		0.00		0.00		0.00		91,148.46		91,148.46		0.00
M-7	5.44375%		16,123,000.00		78,017.41		0.00		0.00		0.00		78,017.41		78,017.41		0.00
M-8	5.59375%		18,139,000.00		90,191.14		0.00		0.00		0.00		90,191.14		90,191.14		0.00
M-9	6.09375%		16,123,000.00		87,332.92		0.00		0.00		0.00		87,332.92		87,332.92		0.00
M-10	6.30918%		14,779,000.00		82,882.97		0.00		0.00		0.00		82,882.97		84,650.83		0.00
M-11	6.30918%		6,718,000.00		37,675.61		0.00		0.00		0.00		37,675.61		38,479.22		0.00
CE	70.83424%		36,948,822.96		0.00		0.00		0.00		0.00		0.00		2,181,034.74		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		245,451.23		0.00
RI	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
RII	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			1,321,307,730.37		5,203,045.56		0.00		0.00		0.00		5,203,045.56		7,632,103.00		0.00
Page 3 of 24
Carrington Mortgage Loan Trust 2005-NC5
Asset Backed Pass-Through Certificates
2005-NC5
December 27, 2005 Distribution
Collection Account Report
SUMMARY
														Total
Principal Collections														24,071,009.17
Principal Withdrawals														0.00
Principal Other Accounts														470.44
TOTAL NET PRINCIPAL														24,071,009.17
Interest Collections														7,199,213.29
Interest Withdrawals														-0.00
Interest Fees														-15,807.73
Interest Other Accounts														472,148.21
TOTAL NET INTEREST														7,655,553.77
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														31,726,562.94
PRINCIPAL - COLLECTIONS
															Total
Scheduled Principal Received															360,139.09
Curtailments															24,725.80
Prepayments In Full															23,532,288.22
Repurchased/Substitutions															0.00
Liquidations															177,306.83
Insurance Principal															0.00
Other Additional Principal															0.00
Delinquent Principal															-357,632.10
Realized Losses															-23,450.77
Advanced Principal															357,632.10
TOTAL PRINCIPAL COLLECTED															24,071,009.17
PRINCIPAL - WITHDRAWALS
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS
														Total
Closing Deposit														470.44
TOTAL PRINCIPAL OTHER ACCOUNTS														470.44
Page 4 of 24
Carrington Mortgage Loan Trust 2005-NC5
Asset Backed Pass-Through Certificates
2005-NC5
December 27, 2005 Distribution
INTEREST - COLLECTIONS
														Total
Scheduled Interest														7,735,909.63
Repurchased/Substitution Interest														0.00
Liquidation Interest														1,019.51
Insurance Interest														0.00
Other Additional Interest														0.00
Prepayment Interest Shortfalls														-63,277.70
Delinquent Interest														-7,545,530.28
Compensating Interest														63,277.70
Civil Relief Act Shortfalls														-0.00
Interest Advanced														7,007,814.42
TOTAL INTEREST COLLECTED														7,199,213.29
INTEREST - WITHDRAWALS
														Total
TOTAL INTEREST WITHDRAWALS														0.00
INTEREST - OTHER ACCOUNTS
														Total
Prepayment Charges														245,451.23
SWAP Payment Received from Swiss														5,062,019.00
SWAP Amount Paid to Swiss														-4,835,322.02
Reserve Account														0.00
TOTAL INTEREST OTHER ACCOUNTS														472,148.21
INTEREST - FEES
														Total
Current Servicing Fees														13,385.33
Trustee Fees														2,422.40
TOTAL INTEREST FEES														15,807.73
Page 5 of 24
Carrington Mortgage Loan Trust 2005-NC5
Asset Backed Pass-Through Certificates
2005-NC5
December 27, 2005 Distribution
Credit Enhancement Report
ACCOUNTS
SPACE INTENTIONALLY LEFT BLANK
INSURANCE
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES
														Total
Overcollateralized Amount - Prior Period														36,948,822.96
Current Period Losses														23,450.77
Overcollateralized Amount - After Current Losses														36,925,372.19
Overcollateralization Increase Amount														23,450.77
Overcollateralization Reduction Amount														0.00
Overcollateralization Amount - Ending														36,948,822.96
Required Overcollateralized Amount														36,948,822.96
Senior Enhancement Percentage														24.030000%
Page 6 of 24
Carrington Mortgage Loan Trust 2005-NC5
Asset Backed Pass-Through Certificates
2005-NC5
December 27, 2005 Distribution
Collateral Report
COLLATERAL
															Total
Loan Count:
Original														6,119
Prior														6,031
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-88
Repurchases														-0
Liquidations														-1
Current														5,942
Principal Balance:
Original														1,343,593,562.37
Prior														1,321,307,730.37
Prefunding														0.00
Scheduled Principal														-360,139.09
Partial Prepayments														-24,725.80
Full Voluntary Prepayments														-23,532,288.22
Repurchases														-0.00
Liquidations														-177,306.83
Current														1,297,213,270.43
PREFUNDING
SPACE INTENTIONALLY LEFT BLANK
Page 7 of 24
Carrington Mortgage Loan Trust 2005-NC5
Asset Backed Pass-Through Certificates
2005-NC5
December 27, 2005 Distribution
CHARACTERISTICS
														Total
Weighted Average Coupon Original														7.03390%
Weighted Average Coupon Prior														7.03390%
Weighted Average Coupon Current														7.02661%
Weighted Average Months to Maturity Original														354
Weighted Average Months to Maturity Prior														354
Weighted Average Months to Maturity Current														353
Weighted Avg Remaining Amortization Term Original														354
Weighted Avg Remaining Amortization Term Prior														354
Weighted Avg Remaining Amortization Term Current														353
Weighted Average Seasoning Original														3.91
Weighted Average Seasoning Prior														3.91
Weighted Average Seasoning Current														4.91
Page 8 of 24
Carrington Mortgage Loan Trust 2005-NC5
Asset Backed Pass-Through Certificates
2005-NC5
December 27, 2005 Distribution
ARM CHARACTERISTICS
														Total
Weighted Average Margin Original														5.73062%
Weighted Average Margin Prior														5.73062%
Weighted Average Margin Current														5.72980%
Weighted Average Max Rate Original														13.99652%
Weighted Average Max Rate Prior														13.99652%
Weighted Average Max Rate Current														13.98929%
Weighted Average Min Rate Original														6.99911%
Weighted Average Min Rate Prior														6.99911%
Weighted Average Min Rate Current														6.99192%
Weighted Average Cap Up Original														1.49894%
Weighted Average Cap Up Prior														1.49894%
Weighted Average Cap Up Current														1.49892%
Weighted Average Cap Down Original														1.49894%
Weighted Average Cap Down Prior														1.49894%
Weighted Average Cap Down Current														1.49892%
SERVICING FEES & ADVANCES
															Total
Current Servicing Fees														13,385.33
Delinquent Servicing Fees														537,129.65
TOTAL SERVICING FEES														550,515.00
Total Servicing Fees														550,515.00
Compensating Interest														-63,277.70
Delinquent Servicing Fees														-537,129.65
COLLECTED SERVICING FEES														-49,892.36
Total Advanced Interest														7,007,814.42
Total Advanced Principal														357,632.10
Aggregate Advances with respect to this Distribution														14,730,893.04
ADDITIONAL COLLATERAL INFORMATION
														Total
Prepayment Interest Shortfall (PPIS)														63,277.70
Compensating Interest														-63,277.70
Net Prepayment Interest Shortfall (PPIS)														0.00
Ending Pool Stated Principal Balance														1,297,213,270.43
Weighted Average Net Mortgage Rate														6.746822%
Page 9 of 24
Carrington Mortgage Loan Trust 2005-NC5
Asset Backed Pass-Through Certificates
2005-NC5
December 27, 2005 Distribution
Delinquency Report
	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				4,389,571.79		0.00		0.00		4,389,571.79
			% Balance				0.34%		0.00%		0.00%		0.34%
			# Loans				19		0		0		19
			% # Loans				0.32%		0.00%		0.00%		0.32%
	FORECLOSURE		Balance		2,970,258.66		0.00		0.00		0.00		2,970,258.66
			% Balance		0.23%		0.00%		0.00%		0.00%		0.23%
			# Loans		19		0		0		0		19
			% # Loans		0.32%		0.00%		0.00%		0.00%		0.32%
	BANKRUPTCY		Balance		3,952,026.94		89,033.89		0.00		77,957.25		4,119,018.08
			% Balance		0.30%		0.01%		0.00%		0.01%		0.32%
			# Loans		25		1		0		1		27
			% # Loans		0.42%		0.02%		0.00%		0.02%		0.45%
	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		6,922,285.60		4,478,605.68		0.00		77,957.25		11,478,848.53
			% Balance		0.53%		0.35%		0.00%		0.01%		0.88%
			# Loans		44		20		0		1		65
			% # Loans		0.74%		0.34%		0.00%		0.02%		1.09%
Page 10 of 24
Carrington Mortgage Loan Trust 2005-NC5
Asset Backed Pass-Through Certificates
2005-NC5
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 24
Carrington Mortgage Loan Trust 2005-NC5
Asset Backed Pass-Through Certificates
2005-NC5
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
1001179691 1
			157,200.00		157,200.00		01-Oct-2005		6.400%		VA - 80.00%		360		01-May-2005
1001580042 1			184,000.00		183,999.93		01-Oct-2005		7.150%		NJ - 80.00%		360		01-Jun-2005
1001822763 1			168,000.00		168,000.00		01-Oct-2005		6.800%		MN - 80.00%		360		01-Jul-2005
1001870559 1			63,750.00		63,570.96		01-Oct-2005		8.938%		MO - 85.00%		360		01-Aug-2005
1002027880 1			65,610.00		65,348.77		01-Oct-2005		8.138%		OH - 90.00%		360		01-Jul-2005
1002035283 1			130,500.00		130,036.48		01-Oct-2005		8.700%		NJ - 90.00%		360		01-Jul-2005
1002127166 1			400,000.00		400,000.00		01-Oct-2005		7.700%		CA - 80.00%		360		01-Jul-2005
1002189955 1			203,915.00		203,354.06		01-Oct-2005		9.038%		AL - 85.00%		360		01-Aug-2005
1002218139 1			304,000.00		303,999.80		01-Oct-2005		7.400%		GA - 80.00%		360		01-Jul-2005
1002236226 1			116,662.40		116,662.34		01-Oct-2005		6.650%		MN - 80.00%		360		01-Jul-2005
1002341246 1			56,000.00		55,855.58		01-Oct-2005		9.350%		FL - 68.29%		360		01-Aug-2005
1002419403 1			51,000.00		50,849.59		01-Oct-2005		8.700%		TN - 85.00%		360		01-Aug-2005
1002420874 1			208,000.00		207,341.11		01-Oct-2005		8.350%		MI - 80.00%		360		01-Aug-2005
1002433156 1			61,250.00		61,138.13		01-Oct-2005		10.975%		MI - 70.00%		360		01-Aug-2005
1002455177 1			280,000.00		280,000.00		01-Oct-2005		5.800%		NY - 80.00%		360		01-Aug-2005
1002474334 1			75,600.00		75,285.86		01-Oct-2005		6.990%		OK - 90.00%		360		01-Aug-2005
1002551296 1			102,400.00		102,399.96		01-Oct-2005		7.150%		MD - 80.00%		360		01-Sep-2005
1002567289 1			269,600.00		269,600.00		01-Oct-2005		8.550%		NV - 80.00%		360		01-Aug-2005
1002633289 1			76,000.00		75,616.09		01-Oct-2005		5.975%		OH - 80.00%		360		01-Aug-2005
TOTAL			2,973,487.40		2,970,258.66
Page 12 of 24
Carrington Mortgage Loan Trust 2005-NC5
Asset Backed Pass-Through Certificates
2005-NC5
December 27, 2005 Distribution
Prepayment Report
VOLUNTARY PREPAYMENTS
															Total
Current
Number of Paid in Full Loans														88
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														88
Curtailments Amount														24,725.80
Paid in Full Balance														23,532,288.22
Repurchased Loans Balance														0.00
Total Prepayment Amount														23,557,014.02
Cumulative
Number of Paid in Full Loans														176
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														176
Paid in Full Balance														45,393,667.57
Repurchased Loans Balance														0.00
Curtailments Amount														85,480.33
Total Prepayment Amount														45,479,147.90
Page 13 of 24
Carrington Mortgage Loan Trust 2005-NC5
Asset Backed Pass-Through Certificates
2005-NC5
December 27, 2005 Distribution
VOLUNTARY PREPAYMENTS RATES
															Total
SMM														1.80%
3 Months Avg SMM														1.71%
12 Months Avg SMM														1.71%
Avg SMM Since Cut-off														1.71%
CPR														19.55%
3 Months Avg CPR														18.74%
12 Months Avg CPR														18.74%
Avg CPR Since Cut-off														18.74%
PSA														1,989.64%
3 Months Avg PSA Approximation														2,122.86%
12 Months Avg PSA Approximation														2,122.86%
Avg PSA Since Cut-off Approximation														2,122.86%
Page 14 of 24
Carrington Mortgage Loan Trust 2005-NC5
Asset Backed Pass-Through Certificates
2005-NC5
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 24
Carrington Mortgage Loan Trust 2005-NC5
Asset Backed Pass-Through Certificates
2005-NC5
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
2116231 1			205,000.00		204,252.26			07-Nov-2005		7.650%		NY - 61.19%		Paid Off - 360		01-Jul-2005
2134893 1			53,400.00		53,279.85			22-Nov-2005		10.000%		IN - 60.00%		Paid Off - 360		01-Jul-2005
2142345 1			165,000.00		164,580.77			04-Nov-2005		8.550%		NV - 71.74%		Paid Off - 360		01-Aug-2005
2156193 1			97,000.00		96,676.01			22-Nov-2005		6.950%		MI - 74.62%		Paid Off - 360		01-Aug-2005
1001081144 1			110,676.00		110,676.00			18-Nov-2005		6.200%		AZ - 80.00%		Paid Off - 360		01-Aug-2005
1001131091 1			56,250.00		56,119.37			23-Nov-2005		9.850%		WI - 75.00%		Paid Off - 360		01-Jul-2005
1001282454 1			280,000.00		278,974.15			09-Nov-2005		6.850%		FL - 80.00%		Paid Off - 360		01-Jun-2005
1001351691 1			330,000.00		328,069.31			16-Nov-2005		6.990%		CA - 89.19%		Paid Off - 360		01-May-2005
1001370858 1			134,400.00		134,400.00			23-Nov-2005		5.700%		CO - 80.00%		Paid Off - 360		01-Jun-2005
1001537750 1			373,500.00		373,195.14			29-Nov-2005		5.800%		CA - 90.00%		Paid Off - 360		01-Jun-2005
1001754649 1			160,000.00		159,454.91			01-Nov-2005		7.990%		IL - 80.00%		Paid Off - 360		01-Jul-2005
1001784359 1			434,700.00		434,700.00			30-Nov-2005		7.990%		CA - 90.00%		Paid Off - 360		01-Jul-2005
1001786552 1			252,000.00		251,148.79			03-Nov-2005		8.650%		CA - 90.00%		Paid Off - 360		01-Jul-2005
1001789844 1			225,000.00		225,000.00			23-Nov-2005		8.650%		AZ - 90.00%		Paid Off - 360		01-Jun-2005
1001902604 1			244,800.00		243,399.44			30-Nov-2005		8.550%		MA - 85.00%		Paid Off - 360		01-Jul-2005
1001948165 1			226,800.00		226,800.00			29-Nov-2005		7.350%		UT - 80.00%		Paid Off - 360		01-Jul-2005
1001949789 1			118,800.00		118,353.61			18-Nov-2005		7.500%		IL - 90.00%		Paid Off - 360		01-Aug-2005
1001988576 1			300,000.00		298,505.96			23-Nov-2005		6.050%		NJ - 73.17%		Paid Off - 360		01-Jul-2005
1001993178 1			268,000.00		267,999.96			02-Nov-2005		6.850%		NJ - 80.00%		Paid Off - 360		01-Aug-2005
1002011352 1			355,500.00		354,040.26			23-Nov-2005		7.050%		NY - 90.00%		Paid Off - 360		01-Jul-2005
1002020100 1			260,000.00		260,000.00			30-Nov-2005		7.525%		AZ - 80.00%		Paid Off - 360		01-Aug-2005
1002037209 1			184,000.00		184,000.00			23-Nov-2005		7.550%		AZ - 80.00%		Paid Off - 360		01-Jul-2005
1002050185 1			154,000.00		153,514.62			22-Nov-2005		8.375%		OR - 41.62%		Paid Off - 360		01-Jul-2005
1002053681 1			216,000.00		216,000.00			04-Nov-2005		7.800%		AZ - 80.00%		Paid Off - 360		01-Jul-2005
1002058016 1			593,600.00		593,388.92			29-Nov-2005		7.550%		VA - 80.00%		Paid Off - 360		01-Jul-2005
1002087440 1			51,000.00		51,000.00			08-Nov-2005		7.100%		WI - 63.75%		Paid Off - 360		01-Jul-2005
1002112822 1			313,000.00		313,000.00			03-Nov-2005		5.990%		CA - 62.60%		Paid Off - 360		01-Jul-2005
1002144174 1			221,400.00		220,895.35			16-Nov-2005		8.850%		IL - 90.00%		Paid Off - 360		01-Aug-2005
1002162778 1			362,000.00		360,480.18			30-Nov-2005		5.990%		HI - 88.94%		Paid Off - 360		01-Aug-2005
1002210823 1			110,500.00		110,155.24			21-Nov-2005		8.425%		NV - 78.93%		Paid Off - 360		01-Jul-2005
1002221535 1			181,050.00		180,190.28			30-Nov-2005		6.300%		AZ - 85.00%		Paid Off - 360		01-Jul-2005
1002233201 1			211,000.00		210,011.62			29-Nov-2005		6.450%		CA - 51.46%		Paid Off - 360		01-Aug-2005
1002260662 1			548,440.00		548,440.00			08-Nov-2005		7.750%		VA - 80.00%		Paid Off - 360		01-Aug-2005
1002288786 1			260,000.00		260,000.00			01-Nov-2005		5.500%		IL - 80.00%		Paid Off - 360		01-Aug-2005
1002307186 1			252,000.00		252,000.00			30-Nov-2005		7.300%		IL - 78.75%		Paid Off - 360		01-Aug-2005
1002322212 1			126,000.00		125,603.23			03-Nov-2005		7.250%		NJ - 90.00%		Paid Off - 360		01-Aug-2005
1002328680 1			460,000.00		459,999.96			23-Nov-2005		7.300%		CA - 80.00%		Paid Off - 360		01-Aug-2005
1002330604 1			491,772.00		491,772.00			11-Nov-2005		7.325%		VA - 80.00%		Paid Off - 360		01-Aug-2005
1002339561 1			165,351.00		165,253.08			09-Nov-2005		7.600%		AZ - 80.00%		Paid Off - 360		01-Aug-2005
1002350583 1			168,500.00		168,500.00			16-Nov-2005		8.500%		AZ - 80.00%		Paid Off - 360		01-Aug-2005
1002360199 1			137,424.00		137,424.00			04-Nov-2005		8.300%		TN - 80.00%		Paid Off - 360		01-Aug-2005
Page 16 of 24
Carrington Mortgage Loan Trust 2005-NC5
Asset Backed Pass-Through Certificates
2005-NC5
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
1002364603 1			124,000.00		123,683.69			09-Nov-2005		8.300%		FL - 100.00%		Paid Off - 360		01-Aug-2005
1002371597 1			81,000.00		80,555.03			03-Nov-2005		9.770%		IA - 90.00%		Paid Off - 240		01-Aug-2005
1002405463 1			568,000.00		568,000.00			23-Nov-2005		7.025%		NV - 80.00%		Paid Off - 360		01-Aug-2005
1002407531 1			156,750.00		156,216.10			21-Nov-2005		6.850%		IL - 95.00%		Paid Off - 360		01-Aug-2005
1002409931 1			161,500.00		160,991.45			30-Nov-2005		7.250%		FL - 84.78%		Paid Off - 360		01-Aug-2005
1002423309 1			200,000.00		199,277.91			09-Nov-2005		6.550%		MA - 74.91%		Paid Off - 360		01-Aug-2005
1002430934 1			94,500.00		94,280.10			28-Nov-2005		8.750%		NM - 90.00%		Paid Off - 360		01-Aug-2005
1002437820 1			182,000.00		181,418.32			28-Nov-2005		7.250%		CA - 70.00%		Paid Off - 360		01-Aug-2005
1002457255 1			175,817.00		175,816.97			18-Nov-2005		7.400%		AZ - 80.00%		Paid Off - 360		01-Sep-2005
1002473807 1			260,000.00		258,864.48			21-Nov-2005		5.550%		CA - 61.18%		Paid Off - 360		01-Aug-2005
1002480924 1			384,000.00		384,000.00			14-Nov-2005		7.750%		CA - 80.00%		Paid Off - 360		01-Aug-2005
1002482600 1			87,550.00		87,370.11			18-Nov-2005		9.350%		OH - 85.00%		Paid Off - 360		01-Aug-2005
1002491155 1			343,200.00		343,200.00			04-Nov-2005		7.800%		CA - 80.00%		Paid Off - 360		01-Sep-2005
1002491501 1			123,000.00		123,000.00			02-Nov-2005		5.950%		CA - 71.51%		Paid Off - 360		01-Aug-2005
1002494866 1			217,000.00		215,889.67			10-Nov-2005		5.650%		CA - 88.57%		Paid Off - 360		01-Aug-2005
1002498997 1			328,000.00		328,000.00			18-Nov-2005		8.250%		NV - 80.00%		Paid Off - 360		01-Sep-2005
1002510955 1			137,700.00		137,054.89			23-Nov-2005		5.950%		NV - 85.00%		Paid Off - 360		01-Aug-2005
1002518136 1			174,250.00		174,250.00			15-Nov-2005		6.650%		OR - 85.00%		Paid Off - 360		01-Aug-2005
1002527849 1			184,000.00		184,000.00			11-Nov-2005		7.025%		FL - 80.00%		Paid Off - 360		01-Aug-2005
1002529641 1			315,000.00		315,000.00			29-Nov-2005		9.200%		FL - 90.00%		Paid Off - 360		01-Aug-2005
1002537703 1			459,125.00		459,125.00			07-Nov-2005		7.000%		NV - 80.00%		Paid Off - 360		01-Sep-2005
1002546579 1			412,000.00		412,000.00			22-Nov-2005		5.250%		CA - 80.00%		Paid Off - 360		01-Aug-2005
1002549727 1			473,000.00		471,316.81			21-Nov-2005		6.625%		CA - 69.87%		Paid Off - 360		01-Aug-2005
1002552963 1			228,000.00		228,000.00			11-Nov-2005		7.990%		CA - 80.00%		Paid Off - 360		01-Aug-2005
1002553356 1			57,000.00		56,917.38			11-Nov-2005		10.990%		CA - 100.00%		Paid Off - 360		01-Aug-2005
1002553935 1			400,000.00		400,000.00			03-Nov-2005		7.250%		CA - 68.38%		Paid Off - 360		01-Sep-2005
1002562337 1			342,000.00		341,485.94			21-Nov-2005		9.450%		CA - 75.00%		Paid Off - 360		01-Sep-2005
1002569624 1			285,000.00		285,000.00			30-Nov-2005		8.196%		AR - 75.00%		Paid Off - 360		01-Sep-2005
1002613611 1			277,500.00		276,676.65			23-Nov-2005		7.550%		CA - 75.00%		Paid Off - 360		01-Aug-2005
1002618153 1			310,250.00		310,249.97			11-Nov-2005		8.500%		IN - 85.00%		Paid Off - 360		01-Sep-2005
1002639452 1			131,250.00		131,250.00			15-Nov-2005		5.800%		CA - 75.00%		Paid Off - 360		01-Sep-2005
1002667947 1			402,392.00		402,392.00			07-Nov-2005		5.990%		CA - 80.00%		Paid Off - 360		01-Sep-2005
1002672183 1			196,000.00		195,544.62			30-Nov-2005		8.200%		MD - 70.00%		Paid Off - 360		01-Sep-2005
1002679863 1			825,000.00		825,000.00			10-Nov-2005		7.950%		CA - 68.75%		Paid Off - 360		01-Sep-2005
1002706584 1			258,000.00		257,996.48			23-Nov-2005		7.000%		CA - 79.38%		Paid Off - 360		01-Sep-2005
1002732822 1			360,000.00		360,000.00			08-Nov-2005		6.900%		AZ - 67.29%		Paid Off - 360		01-Sep-2005
1002754166 1			129,600.00		129,600.00			18-Nov-2005		8.075%		MA - 80.00%		Paid Off - 360		01-Sep-2005
1002765706 1			365,846.00		365,846.00			08-Nov-2005		6.950%		CA - 80.00%		Paid Off - 360		01-Sep-2005
1002772529 1			426,700.00		426,700.00			07-Nov-2005		6.800%		CA - 85.00%		Paid Off - 360		01-Sep-2005
1002785329 1			477,000.00		477,000.00			01-Nov-2005		6.990%		CA - 88.33%		Paid Off - 360		01-Sep-2005
1002805094 1			650,000.00		648,593.79			22-Nov-2005		7.675%		MN - 89.66%		Paid Off - 360		01-Sep-2005
1002868524 1			106,000.00		105,720.61			23-Nov-2005		6.675%		WI - 74.13%		Paid Off - 360		01-Sep-2005
1002879102 1			700,000.00		700,000.00			22-Nov-2005		7.400%		CA - 89.74%		Paid Off - 360		01-Sep-2005
Page 17 of 24
Carrington Mortgage Loan Trust 2005-NC5
Asset Backed Pass-Through Certificates
2005-NC5
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
1002885220 1			280,500.00		280,500.00			14-Nov-2005		7.400%		CA - 85.00%		Paid Off - 360		01-Sep-2005
1002889137 1			300,000.00		300,000.00			30-Nov-2005		7.200%		CA - 85.71%		Paid Off - 360		01-Sep-2005
1002902737 1			289,750.00		289,749.97			21-Nov-2005		7.900%		WA - 95.00%		Paid Off - 360		01-Sep-2005
1002947333 1			263,500.00		263,500.00			09-Nov-2005		6.250%		WI - 85.00%		Paid Off - 360		01-Sep-2005
TOTAL			23,560,543.00		23,532,288.21
Page 18 of 24
Carrington Mortgage Loan Trust 2005-NC5
Asset Backed Pass-Through Certificates
2005-NC5
December 27, 2005 Distribution
Realized Loss Report
COLLATERAL REALIZED LOSSES
															Total
Current
Number of Loans Liquidated														1
Collateral Principal Realized Loss/(Gain) Amount														23,450.77
Collateral Interest Realized Loss/(Gain) Amount														0.00
Net Liquidation Proceeds														153,856.06
Cumulative
Number of Loans Liquidated														1
Collateral Realized Loss/(Gain) Amount														23,450.77
Net Liquidation Proceeds														153,856.06
Page 19 of 24
Carrington Mortgage Loan Trust 2005-NC5
Asset Backed Pass-Through Certificates
2005-NC5
December 27, 2005 Distribution
DEFAULT SPEEDS
															Total
MDR														0.01%
3 Months Avg MDR														0.01%
12 Months Avg MDR														0.01%
Avg MDR Since Cut-off														0.01%
CDR														0.16%
3 Months Avg CDR														0.08%
12 Months Avg CDR														0.08%
Avg CDR Since Cut-off														0.08%
SDA														1.64%
3 Months Avg SDA Approximation														0.91%
12 Months Avg SDA Approximation														0.91%
Avg SDA Since Cut-off Approximation														0.91%
Loss Severity Approximation for Current Period														13.23%
3 Months Avg Loss Severity Approximation														6.61%
12 Months Avg Loss Severity Approximation														6.61%
Avg Loss Severity Approximation Since Cut-off														6.61%
Page 20 of 24
Carrington Mortgage Loan Trust 2005-NC5
Asset Backed Pass-Through Certificates
2005-NC5
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 21 of 24
Carrington Mortgage Loan Trust 2005-NC5
Asset Backed Pass-Through Certificates
2005-NC5
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)
2163665 1
			6.900%		TX - 91.80%		360		177,306.83				23,450.77		0.00
TOTAL									177,306.83			23,450.77		0.00
Page 22 of 24
Carrington Mortgage Loan Trust 2005-NC5
Asset Backed Pass-Through Certificates
2005-NC5
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 23 of 24
Carrington Mortgage Loan Trust 2005-NC5
Asset Backed Pass-Through Certificates
2005-NC5
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		1,767.86
			M-11										0.00		803.61
Page 24 of 24