Carrington Mortgage Loan Trust, Series 2005-fre1 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 31, 2005,
                providing for the issuance of Carrington Mortgage Loan Trust
                   Series 2005-FRE1 Asset-Backed Pass-Through Certificates)
                 (Exact name of registrant as specified in charter)

                                         DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-124562-03                         20-2698835
          (Commission File Number)        (I.R.S. Employer Identification No.)


           Seven Greenwich Office Park
              599 West Putman Ave
             Greenwich, Connecticut                            06830
          (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-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
December 27, 2005 Distribution
				External Parties						Table of Contents
													Page
				Seller
										1. Certificate Payment Report					2
				Stanwich Asset A. Comp.
										2. Collection Account Report					6
										3. Credit Enhancement Report					8
										4. Collateral Report					9
				Certificate Insurer(s)						5. Delinquency Report					12
										6. REO Report					13
										7. Foreclosure Report					14
										8. Prepayment Report					15
										9. Prepayment Detail Report					18
										10. Realized Loss Report					22
										11. Realized Loss Detail Report					25
				Servicer(s)
										12. Triggers and Adj. Cert. Report					26
				Fremont Investment & Loan
										13. Additional Certificate Report					27
				Underwriter(s)
				Bear Stearns & Co.
										Total Number of Pages					27
				Dates						Contacts
				Cut-Off Date:			November 01, 2005			Brent Hoyler
				Close Date:			November 03, 2005			Administrator
				First Distribution Date:			December 27, 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 27
Carrington Mortgage Loan Trust 2005-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
December 27, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC II
					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	$	302,567,000.00		302,567,000.00		1,924,326.12		42,187,901.13		44,112,227.25		0.00		0.00		260,379,098.87
A-2	SR	$	88,854,000.00		88,854,000.00		573,108.30		0.00		573,108.30		0.00		0.00		88,854,000.00
A-3	SR	$	150,347,000.00		150,347,000.00		985,524.59		0.00		985,524.59		0.00		0.00		150,347,000.00
A-4	SR	$	68,860,000.00		68,860,000.00		449,311.50		0.00		449,311.50		0.00		0.00		68,860,000.00
A-5	SR	$	13,922,000.00		13,922,000.00		91,885.20		0.00		91,885.20		0.00		0.00		13,922,000.00
A-6	SR	$	51,844,000.00		51,844,000.00		349,947.00		0.00		349,947.00		0.00		0.00		51,844,000.00
M-1	MEZ	$	36,414,000.00		36,414,000.00		250,710.39		0.00		250,710.39		0.00		0.00		36,414,000.00
M-2	MEZ	$	33,228,000.00		33,228,000.00		229,771.62		0.00		229,771.62		0.00		0.00		33,228,000.00
M-3	MEZ	$	20,938,000.00		20,938,000.00		145,414.41		0.00		145,414.41		0.00		0.00		20,938,000.00
M-4	MEZ	$	18,662,000.00		18,662,000.00		132,686.82		0.00		132,686.82		0.00		0.00		18,662,000.00
M-5	MEZ	$	17,297,000.00		17,297,000.00		124,019.49		0.00		124,019.49		0.00		0.00		17,297,000.00
M-6	MEZ	$	15,931,000.00		15,931,000.00		115,659.06		0.00		115,659.06		0.00		0.00		15,931,000.00
M-7	MEZ	$	13,655,000.00		13,655,000.00		109,991.02		0.00		109,991.02		0.00		0.00		13,655,000.00
M-8	MEZ	$	11,835,000.00		11,835,000.00		97,638.75		0.00		97,638.75		0.00		0.00		11,835,000.00
M-9	MEZ	$	11,380,000.00		11,380,000.00		101,054.40		0.00		101,054.40		0.00		0.00		11,380,000.00
M-10	NOF	$	21,393,000.00		21,393,000.00		228,477.24		0.00		228,477.24		0.00		0.00		21,393,000.00
M-11	NOF	$	6,372,000.00		6,372,000.00		55,558.12		0.00		55,558.12		0.00		0.00		6,372,000.00
M-12	NOF	$	4,552,000.00		4,552,000.00		20,807.85		0.00		20,807.85		0.00		0.00		4,552,000.00
M-13	NOF	$	2,276,000.00		2,276,000.00		10,403.93		0.00		10,403.93		0.00		0.00		2,276,000.00
CE	NOF	$	20,027,775.10		20,027,775.10		0.00		0.00		0.00		0.00		32.15		20,027,807.25
P	NOF	$	100.00		100.00		540,239.62		0.00		540,239.62		0.00		0.00		100.00
R-II	RES	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			910,354,875.10		910,354,875.10		6,536,535.43		42,187,901.13		48,724,436.56		0.00		32.15		868,167,006.12
Page 2 of 27
Carrington Mortgage Loan Trust 2005-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
December 27, 2005 Distribution
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	11/03/05		12/26/05		A-Act/360		144531DZ0		302,567,000.00		1,000.000000		6.360000		139.433253		145.793253	860.566747
A-2	11/03/05		12/26/05		A-Act/360		144531EA4		88,854,000.00		1,000.000000		6.450000		0.000000		6.450000	1,000.000000
A-3	11/03/05		12/26/05		A-Act/360		144531EB2		150,347,000.00		1,000.000000		6.555000		0.000000		6.555000	1,000.000000
A-4	11/03/05		12/26/05		A-Act/360		144531EC0		68,860,000.00		1,000.000000		6.525000		0.000000		6.525000	1,000.000000
A-5	11/03/05		12/26/05		A-Act/360		144531ED8		13,922,000.00		1,000.000000		6.600000		0.000000		6.600000	1,000.000000
A-6	11/03/05		12/26/05		A-Act/360		144531EE6		51,844,000.00		1,000.000000		6.750000		0.000000		6.750000	1,000.000000
M-1	11/03/05		12/26/05		A-Act/360		144531EF3		36,414,000.00		1,000.000000		6.885000		0.000000		6.885000	1,000.000000
M-2	11/03/05		12/26/05		A-Act/360		144531EG1		33,228,000.00		1,000.000000		6.915000		0.000000		6.915000	1,000.000000
M-3	11/03/05		12/26/05		A-Act/360		144531EH9		20,938,000.00		1,000.000000		6.945000		0.000000		6.945000	1,000.000000
M-4	11/03/05		12/26/05		A-Act/360		144531EJ5		18,662,000.00		1,000.000000		7.110000		0.000000		7.110000	1,000.000000
M-5	11/03/05		12/26/05		A-Act/360		144531EK2		17,297,000.00		1,000.000000		7.170000		0.000000		7.170000	1,000.000000
M-6	11/03/05		12/26/05		A-Act/360		144531EL0		15,931,000.00		1,000.000000		7.260000		0.000000		7.260000	1,000.000000
M-7	11/03/05		12/26/05		A-Act/360		144531EM8		13,655,000.00		1,000.000000		8.055000		0.000000		8.055000	1,000.000000
M-8	11/03/05		12/26/05		A-Act/360		144531EN6		11,835,000.00		1,000.000000		8.250000		0.000000		8.250000	1,000.000000
M-9	11/03/05		12/26/05		A-Act/360		144531EP1		11,380,000.00		1,000.000000		8.880000		0.000000		8.880000	1,000.000000
M-10	11/03/05		12/26/05		A-Act/360		144531EQ9		21,393,000.00		1,000.000000		10.680000		0.000000		10.680000	1,000.000000
M-11	11/03/05		12/26/05		A-Act/360		144531ER7		6,372,000.00		1,000.000000		8.719102		0.000000		8.719102	1,000.000000
M-12	11/03/05		12/26/05		A-Act/360		144531ES5		4,552,000.00		1,000.000000		4.571145		0.000000		4.571145	1,000.000000
M-13	11/03/05		12/26/05		A-Act/360		144531ET3		2,276,000.00		1,000.000000		4.571147		0.000000		4.571147	1,000.000000
CE	11/03/05		11/30/05		A-30/360		CA05F1CE1		20,027,775.10		1,000.000000		0.000000		0.000000		0.000000	1,000.001605
P	11/03/05		11/30/05		F-30/360		CA05F11P1		100.00		1,000.000000		5,402,396.200000		0.000000		5,402,396.200000	1,000.000000
R-II	11/03/05		11/30/05		A-30/360		CA05F11R2		0.00		0.000000		0.000000		0.000000		0.000000	0.000000
Page 3 of 27
Carrington Mortgage Loan Trust 2005-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
December 27, 2005 Distribution
Distribution to Date - REMIC II
																	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	302,567,000.00		1,924,326.12		41,764,201.88		423,699.25		42,187,901.13		44,112,227.25		0.00		0.00		260,379,098.87
A-2	88,854,000.00		573,108.30		0.00		0.00		0.00		573,108.30		0.00		0.00		88,854,000.00
A-3	150,347,000.00		985,524.59		0.00		0.00		0.00		985,524.59		0.00		0.00		150,347,000.00
A-4	68,860,000.00		449,311.50		0.00		0.00		0.00		449,311.50		0.00		0.00		68,860,000.00
A-5	13,922,000.00		91,885.20		0.00		0.00		0.00		91,885.20		0.00		0.00		13,922,000.00
A-6	51,844,000.00		349,947.00		0.00		0.00		0.00		349,947.00		0.00		0.00		51,844,000.00
M-1	36,414,000.00		250,710.39		0.00		0.00		0.00		250,710.39		0.00		0.00		36,414,000.00
M-2	33,228,000.00		229,771.62		0.00		0.00		0.00		229,771.62		0.00		0.00		33,228,000.00
M-3	20,938,000.00		145,414.41		0.00		0.00		0.00		145,414.41		0.00		0.00		20,938,000.00
M-4	18,662,000.00		132,686.82		0.00		0.00		0.00		132,686.82		0.00		0.00		18,662,000.00
M-5	17,297,000.00		124,019.49		0.00		0.00		0.00		124,019.49		0.00		0.00		17,297,000.00
M-6	15,931,000.00		115,659.06		0.00		0.00		0.00		115,659.06		0.00		0.00		15,931,000.00
M-7	13,655,000.00		109,991.02		0.00		0.00		0.00		109,991.02		0.00		0.00		13,655,000.00
M-8	11,835,000.00		97,638.75		0.00		0.00		0.00		97,638.75		0.00		0.00		11,835,000.00
M-9	11,380,000.00		101,054.40		0.00		0.00		0.00		101,054.40		0.00		0.00		11,380,000.00
M-10	21,393,000.00		228,477.24		0.00		0.00		0.00		228,477.24		0.00		0.00		21,393,000.00
M-11	6,372,000.00		55,558.12		0.00		0.00		0.00		55,558.12		0.00		0.00		6,372,000.00
M-12	4,552,000.00		20,807.85		0.00		0.00		0.00		20,807.85		0.00		0.00		4,552,000.00
M-13	2,276,000.00		10,403.93		0.00		0.00		0.00		10,403.93		0.00		0.00		2,276,000.00
CE	20,027,775.10		0.00		-31.83		-0.32		0.00		0.00		0.00		32.15		20,027,807.25
P	100.00		540,239.62		0.00		0.00		0.00		540,239.62		0.00		0.00		100.00
R-II	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total	910,354,875.10		6,536,535.43		41,764,170.05		423,698.93		42,187,901.13		48,724,436.56		0.00		32.15		868,167,006.12
Page 4 of 27
Carrington Mortgage Loan Trust 2005-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
December 27, 2005 Distribution
Interest Detail - REMIC II
	Pass		Prior Principal				Non-		Prior		Unscheduled				Paid or		Current
	Through		(with Notional)		Accrued		Supported		Unpaid		Interest		Optimal		Deferred		Unpaid
Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1	3.04743%		302,567,000.00		1,383,077.57		0.00		0.00		0.00		1,383,077.57		1,924,326.12		0.00
A-2	3.04743%		88,854,000.00		406,164.50		0.00		0.00		0.00		406,164.50		573,108.30		0.00
A-3	3.04743%		150,347,000.00		687,257.91		0.00		0.00		0.00		687,257.91		985,524.59		0.00
A-4	3.04743%		68,860,000.00		314,769.03		0.00		0.00		0.00		314,769.03		449,311.50		0.00
A-5	3.04743%		13,922,000.00		63,639.48		0.00		0.00		0.00		63,639.48		91,885.20		0.00
A-6	3.04743%		51,844,000.00		236,986.43		0.00		0.00		0.00		236,986.43		349,947.00		0.00
M-1	3.04743%		36,414,000.00		166,453.67		0.00		0.00		0.00		166,453.67		250,710.39		0.00
M-2	3.04743%		33,228,000.00		151,890.00		0.00		0.00		0.00		151,890.00		229,771.62		0.00
M-3	3.04743%		20,938,000.00		95,710.63		0.00		0.00		0.00		95,710.63		145,414.41		0.00
M-4	3.04743%		18,662,000.00		85,306.70		0.00		0.00		0.00		85,306.70		132,686.82		0.00
M-5	3.04743%		17,297,000.00		79,067.09		0.00		0.00		0.00		79,067.09		124,019.49		0.00
M-6	3.04743%		15,931,000.00		72,822.91		0.00		0.00		0.00		72,822.91		115,659.06		0.00
M-7	3.04743%		13,655,000.00		62,418.98		0.00		0.00		0.00		62,418.98		109,991.02		0.00
M-8	3.04743%		11,835,000.00		54,099.50		0.00		0.00		0.00		54,099.50		97,638.75		0.00
M-9	3.04743%		11,380,000.00		52,019.63		0.00		0.00		0.00		52,019.63		101,054.40		0.00
M-10	3.04743%		21,393,000.00		97,790.50		0.00		0.00		0.00		97,790.50		228,477.24		0.00
M-11	3.04743%		6,372,000.00		29,127.33		0.00		0.00		0.00		29,127.33		55,558.12		0.00
M-12	3.04743%		4,552,000.00		20,807.85		0.00		0.00		0.00		20,807.85		20,807.85		0.00
M-13	3.04743%		2,276,000.00		10,403.93		0.00		0.00		0.00		10,403.93		10,403.93		0.00
CE	0.00000%		20,027,775.10		0.00		0.00		0.00		0.00		0.00		32.15		0.00
P	0.00000%		100.00		0.00		0.00		0.00		0.00		0.00		540,239.62		0.00
R-II	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			910,354,875.10		4,069,813.64		0.00		0.00		0.00		4,069,813.64		6,536,567.58		0.00
Page 5 of 27
Carrington Mortgage Loan Trust 2005-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
December 27, 2005 Distribution
Collection Account Report
SUMMARY
										Group 2		Group 1		Total
Principal Collections												42,187,868.98		42,187,868.98
Principal Withrawals												0.00		0.00
Principal Other Accounts												0.00		0.00
TOTAL NET PRINCIPAL												42,187,868.98		42,187,868.98
Interest Collections												5,438,303.39		5,438,303.39
Interest Withdrawals												-0.00		-0.00
Interest Other Accounts												1,449,275.62		1,449,275.62
Interest Fees												-351,011.43		-351,011.43
TOTAL NET INTEREST												6,536,567.58		6,536,567.58
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION												48,724,436.56		48,724,436.56
PRINCIPAL - COLLECTIONS
											Group 2		Group 1		Total
Scheduled Principal Received													423,698.93		423,698.93
Prepayments In Full													12,372,196.88		12,372,196.88
Curtailments													28,397.17		28,397.17
Liquidations													0.00		0.00
Insurance Principal													0.00		0.00
Repurchased Principal Amounts													29,363,576.01		29,363,576.01
Other Principal													0.00		0.00
Total Realized Loss Of Principal													-0.00		-0.00
Delinquent Principal													-38,357.44		-38,357.44
Advanced Principal													38,357.44		38,357.44
TOTAL PRINCIPAL COLLECTED													42,187,868.98		42,187,868.98
PRINCIPAL - WITHDRAWALS
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS
										Group 2		Group 1		Total
TOTAL OTHER ACCOUNTS PRINCIPAL												0.00		0.00
Page 6 of 27
Carrington Mortgage Loan Trust 2005-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
December 27, 2005 Distribution
INTEREST - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Interest												5,404,223.63		5,404,223.63
Liquidation Interest												0.00		0.00
Repurchased Interest												65,416.66		65,416.66
Insurance Interest												0.00		0.00
Other Interest												0.00		0.00
Relief Act Interest Shortfalls												-0.00		-0.00
Prepayment Interest Shortfalls												-2,472.61		-2,472.61
Compensating Interest												2,472.61		2,472.61
Delinquent Interest												-487,658.88		-487,658.88
Interest Advanced												456,321.97		456,321.97
TOTAL INTEREST COLLECTED												5,438,303.39		5,438,303.39
INTEREST - WITHDRAWALS
										Group 2		Group 1		Total
Nonrecoverable Advances														0.00
TOTAL INTEREST WITHDRAWALS												0.00		0.00
INTEREST - OTHER ACCOUNTS
										Group 2		Group 1		Total
Prepayment Charges														540,239.62
Swap Contract Payment														-462,964.00
Closing Reserve - Deposited														1,372,000.00
TOTAL INTEREST OTHER ACCOUNTS												1,449,275.62		1,449,275.62
INTEREST - FEES
										Group 2		Group 1		Total
Current Servicing Fees												347,977.63		347,977.63
Current Trustee Fees												3,033.80		3,033.80
TOTAL INTEREST OTHER FEES												351,011.43		351,011.43
Page 7 of 27
Carrington Mortgage Loan Trust 2005-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
December 27, 2005 Distribution
Credit Enhancement Report
ACCOUNTS
RESERVE
Net Wac Carryover Reserve Account Deposit						0.00
Releases						0.00
Withdrawals						0.00
INSURANCE
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES
										Group 2		Group 1		Total
Begining Overcollateralization Amount														20,027,775.10
Ending Overcollateralized Amount														20,027,807.25
Overcollateralization Release Amount														0.00
Overcollateralization Deficiency Amount														32.15
Overcollateralization Target Amount														20,027,807.25
Page 8 of 27
Carrington Mortgage Loan Trust 2005-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
December 27, 2005 Distribution
Collateral Report
COLLATERAL
											Group 2		Group 1		Total
Loan Count:
Original												3,780		3,780
Prior												3,780		3,780
Prefunding												0		0
Scheduled Paid Offs												-0		-0
Full Voluntary Prepayments												-43		-43
Repurchases												-121		-121
Liquidations												-0		-0
Current												3,616		3,616
Principal Balance:
Original												910,354,875.10		910,354,875.10
Prior												910,354,875.10		910,354,875.10
Prefunding												0.00		0.00
Scheduled Principal												-423,698.93		-423,698.93
Partial Prepayments												-28,397.17		-28,397.17
Full Voluntary Prepayments												-12,372,196.88		-12,372,196.88
Repurchases												-29,363,576.01		-29,363,576.01
Liquidations												-0.00		-0.00
Current												868,167,006.12		868,167,006.12
PREFUNDING
SPACE INTENTIONALLY LEFT BLANK
Page 9 of 27
Carrington Mortgage Loan Trust 2005-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
December 27, 2005 Distribution
CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Coupon Original												7.04923%		7.04923%
Weighted Average Coupon Prior												7.04923%		7.04923%
Weighted Average Coupon Current												7.04923%		7.04923%
Weighted Average Months to Maturity Original												354		354
Weighted Average Months to Maturity Prior												354		354
Weighted Average Months to Maturity Current												354		354
Weighted Avg Remaining Amortization Term Original												354		354
Weighted Avg Remaining Amortization Term Prior												354		354
Weighted Avg Remaining Amortization Term Current												354		354
Weighted Average Seasoning Original												5.16		5.16
Weighted Average Seasoning Prior												5.16		5.16
Weighted Average Seasoning Current												5.16		5.16
Page 10 of 27
Carrington Mortgage Loan Trust 2005-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
December 27, 2005 Distribution
ARM CHARACTERISTICS
										Group 2		Group 1		Total
Weighted Average Margin Original												6.25394%		6.25394%
Weighted Average Margin Prior												6.25394%		6.25394%
Weighted Average Margin Current												6.25394%		6.25394%
Weighted Average Max Rate Original												13.22909%		13.22909%
Weighted Average Max Rate Prior												13.22909%		13.22909%
Weighted Average Max Rate Current												13.22909%		13.22909%
Weighted Average Min Rate Original												6.01400%		6.01400%
Weighted Average Min Rate Prior												6.01400%		6.01400%
Weighted Average Min Rate Current												6.01400%		6.01400%
Weighted Average Cap Up Original												1.50000%		1.50000%
Weighted Average Cap Up Prior												1.50000%		1.50000%
Weighted Average Cap Up Current												1.50000%		1.50000%
Weighted Average Cap Down Original												1.50000%		1.50000%
Weighted Average Cap Down Prior												1.50000%		1.50000%
Weighted Average Cap Down Current												1.50000%		1.50000%
SERVICING FEES & ADVANCES
											Group 2		Group 1		Total
Current Servicing Fees												347,977.63		347,977.63
Delinquent Servicing Fees												31,336.90		31,336.90
TOTAL SERVICING FEES												379,225.40		379,225.40
Compensating Interest												-2,472.61		-2,472.61
Delinquent Servicing Fees												-31,336.90		-31,336.90
COLLECTED SERVICING FEES												345,415.89		345,415.89
Aggregate Advances with respect to this Distribution												494,679.41		494,679.41
ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Net Prepayment Interest Shortfall												0.00		0.00
Libor For Current Period														4.1200%
Page 11 of 27
Carrington Mortgage Loan Trust 2005-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
December 27, 2005 Distribution
Delinquency Report
	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				0.00		17,614,476.21		1,123,415.97		18,737,892.18
			% Balance				0.00%		2.03%		0.13%		2.16%
			# Loans				0		79		6		85
			% # Loans				0.00%		2.18%		0.17%		2.35%
	FORECLOSURE		Balance		0.00		0.00		0.00		0.00		0.00
			% Balance		0.00%		0.00%		0.00%		0.00%		0.00%
			# Loans		0		0		0		0		0
			% # Loans		0.00%		0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		2,803,301.60		0.00		0.00		0.00		2,803,301.60
			% Balance		0.32%		0.00%		0.00%		0.00%		0.32%
			# Loans		11		0		0		0		11
			% # Loans		0.30%		0.00%		0.00%		0.00%		0.30%
	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		2,803,301.60		0.00		17,614,476.21		1,123,415.97		21,541,193.78
			% Balance		0.32%		0.00%		2.03%		0.13%		2.48%
			# Loans		11		0		79		6		96
			% # Loans		0.30%		0.00%		2.18%		0.17%		2.65%
Page 12 of 27
Carrington Mortgage Loan Trust 2005-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
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 13 of 27
Carrington Mortgage Loan Trust 2005-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
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
TOTAL
Page 14 of 27
Carrington Mortgage Loan Trust 2005-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
December 27, 2005 Distribution
Prepayment Report
VOLUNTARY PREPAYMENTS
											Group 2		Group 1		Total
Current
Number of Paid in Full Loans												43		43
Number of Repurchased Loans												121		121
Total Number of Loans Prepaid in Full												164		164
Curtailments Amount												28,397.17		28,397.17
Paid in Full Balance												12,372,196.88		12,372,196.88
Repurchased Loans Balance												29,363,576.01		29,363,576.01
Total Prepayment Amount												41,764,170.06		41,764,170.06
Cumulative
Number of Paid in Full Loans												43		43
Number of Repurchased Loans												121		121
Total Number of Loans Prepaid in Full												164		164
Paid in Full Balance												12,372,196.88		12,372,196.88
Repurchased Loans Balance												29,363,576.01		29,363,576.01
Curtailments Amount												28,397.17		28,397.17
Total Prepayment Amount												41,764,170.06		41,764,170.06
Page 15 of 27
Carrington Mortgage Loan Trust 2005-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
December 27, 2005 Distribution
VOLUNTARY PREPAYMENTS RATES
											Group 2		Group 1		Total
SMM												4.59%		4.59%
3 Months Avg SMM												4.59%		4.59%
12 Months Avg SMM												4.59%		4.59%
Avg SMM Since Cut-off												4.59%		4.59%
CPR												43.10%		43.10%
3 Months Avg CPR												43.10%		43.10%
12 Months Avg CPR												43.10%		43.10%
Avg CPR Since Cut-off												43.10%		43.10%
PSA												4,172.24%		4,172.24%
3 Months Avg PSA Approximation												4,172.24%		4,172.24%
12 Months Avg PSA Approximation												4,172.24%		4,172.24%
Avg PSA Since Cut-off Approximation												4,172.24%		4,172.24%
Page 16 of 27
Carrington Mortgage Loan Trust 2005-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
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 17 of 27
Carrington Mortgage Loan Trust 2005-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
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
1000001690 1			345,731.09		345,072.77			30-Nov-2005		8.350%		NV - 85.00%		Paid Off - 360		01-Aug-2005
1000245150 1			229,657.53		229,135.76			30-Nov-2005		7.500%		VA - 46.46%		Paid Off - 360		01-Jul-2005
1000247050 1			281,396.00		281,396.00			30-Nov-2005		7.350%		CA - 80.00%		Paid Off - 360		01-Aug-2005
1000250816 1			136,000.00		135,980.00			30-Nov-2005		6.990%		AZ - 80.00%		Paid Off - 360		01-Jul-2005
1000251496 1			279,538.72		278,836.67			30-Nov-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Jul-2005
1000251503 1			179,881.65		179,521.79			30-Nov-2005		8.100%		FL - 80.00%		Paid Off - 360		01-Aug-2005
1000252054 1			116,551.10		116,401.87			30-Nov-2005		10.250%		CA - 20.00%		Paid Off - 360		01-Aug-2005
1000252310 1			303,694.45		302,768.70			30-Nov-2005		5.950%		CA - 80.00%		Paid Off - 360		01-Aug-2005
1000252433 1			187,200.00		187,199.99			30-Nov-2005		5.875%		CA - 80.00%		Paid Off - 360		01-Aug-2005
1000255193 1			420,000.00		420,000.00			30-Nov-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Aug-2005
1000255279 1			431,682.58		430,718.28			30-Nov-2005		7.550%		CA - 80.00%		Paid Off - 360		01-Aug-2005
1000257789 1			264,855.25		264,414.45			30-Nov-2005		9.000%		AZ - 71.05%		Paid Off - 360		01-Aug-2005
5000151718 1			255,686.30		255,055.85			30-Nov-2005		7.050%		IL - 95.00%		Paid Off - 360		01-Aug-2005
5000154559 1			200,000.00		200,000.00			30-Nov-2005		6.600%		NJ - 80.00%		Paid Off - 360		01-Jul-2005
5000159778 1			381,341.34		380,555.04			30-Nov-2005		7.950%		OH - 80.00%		Paid Off - 360		01-Aug-2005
6000155093 1			399,605.59		398,410.38			30-Nov-2005		6.050%		NJ - 80.00%		Paid Off - 360		01-Aug-2005
6000155257 1			99,959.17		99,834.56			30-Nov-2005		10.375%		NJ - 20.00%		Paid Off - 360		01-Aug-2005
6000157131 1			349,548.00		349,548.00			30-Nov-2005		6.350%		FL - 80.00%		Paid Off - 360		01-Aug-2005
6000160834 1			602,582.92		601,315.23			30-Nov-2005		7.850%		VA - 90.00%		Paid Off - 360		01-Aug-2005
6000161064 1			322,198.58		321,585.86			30-Nov-2005		8.350%		FL - 80.00%		Paid Off - 360		01-Aug-2005
6000161218 1			105,541.10		105,361.76			30-Nov-2005		8.900%		FL - 80.00%		Paid Off - 360		01-Aug-2005
6000161946 1			339,180.96		338,213.74			30-Nov-2005		6.300%		NJ - 70.00%		Paid Off - 360		01-Aug-2005
6000162116 1			439,566.14		437,167.12			30-Nov-2005		6.050%		FL - 80.00%		Paid Off - 360		01-Aug-2005
6000162405 1			582,512.61		581,033.56			30-Nov-2005		6.900%		NJ - 63.03%		Paid Off - 360		01-Aug-2005
6000163012 1			71,161.10		71,038.56			22-Nov-2005		9.000%		FL - 80.00%		Paid Off - 360		01-Aug-2005
6000164439 1			168,634.38		168,434.03			30-Nov-2005		10.600%		MD - 70.00%		Paid Off - 360		01-Aug-2005
7000144098 1			548,953.55		547,363.35			30-Nov-2005		6.250%		HI - 50.00%		Paid Off - 360		01-Jul-2005
7000148206 1			479,270.33		478,159.15			30-Nov-2005		7.400%		CA - 80.00%		Paid Off - 360		01-Jul-2005
7000150098 1			206,000.00		206,000.00			30-Nov-2005		6.350%		CA - 80.00%		Paid Off - 360		01-Aug-2005
7000150306 1			243,000.00		242,998.99			30-Nov-2005		6.300%		MA - 90.00%		Paid Off - 360		01-Aug-2005
7000150790 1			165,000.00		164,962.47			30-Nov-2005		7.550%		CA - 79.71%		Paid Off - 360		01-Aug-2005
7000151181 1			#######		316,369.70			30-Nov-2005		6.950%		HI - 90.00%		Paid Off - 360		01-Jul-2005
7000151495 1			90,924.66		90,696.03			30-Nov-2005		6.950%		MD - 62.76%		Paid Off - 360		01-Aug-2005
7000151692 1			558,797.29		557,573.69			30-Nov-2005		7.650%		WA - 80.00%		Paid Off - 360		01-Aug-2005
7000151845 1			243,761.70		243,039.51			30-Nov-2005		6.100%		HI - 80.00%		Paid Off - 360		01-Aug-2005
7000152484 1			212,000.00		212,000.00			30-Nov-2005		6.550%		CA - 80.00%		Paid Off - 360		01-Aug-2005
7000152758 1			395,250.00		395,250.00			30-Nov-2005		6.900%		NY - 85.00%		Paid Off - 360		01-Aug-2005
7000152848 1			224,000.00		223,999.99			30-Nov-2005		6.700%		CA - 72.26%		Paid Off - 360		01-Aug-2005
7000152920 1			159,871.41		159,481.05			30-Nov-2005		7.100%		DC - 62.75%		Paid Off - 360		01-Aug-2005
8000040664 1			290,518.43		290,022.39			30-Nov-2005		8.990%		MA - 56.07%		Paid Off - 360		01-Jun-2005
8000047176 1			307,830.00		307,312.34			30-Nov-2005		8.950%		NJ - 80.00%		Paid Off - 360		01-Aug-2005
Page 18 of 27
Carrington Mortgage Loan Trust 2005-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
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
8000048732 1			203,878.93		203,510.49			30-Nov-2005		8.600%		FL - 80.00%		Paid Off - 360		01-Aug-2005
8000049635 1			255,016.21		254,457.78			30-Nov-2005		7.650%		NJ - 80.00%		Paid Off - 360		01-Aug-2005
1000241783 1			297,500.00		297,500.00			09-Nov-2005		6.400%		CA - 70.00%		Repur/Subs - 360		01-Jun-2005
1000245819 1			179,890.95		179,559.15			30-Nov-2005		0.000%		AZ - 90.00%		Repur/Subs - 360		01-Aug-2005
1000245902 1			183,562.69		183,276.22			07-Nov-2005		9.350%		CA - 70.67%		Repur/Subs - 360		01-Jul-2005
1000246786 1			531,455.01		529,804.04			30-Nov-2005		0.000%		CA - 95.00%		Repur/Subs - 360		01-Aug-2005
1000246850 1			122,400.00		122,400.00			30-Nov-2005		0.000%		CO - 80.00%		Repur/Subs - 360		01-Aug-2005
1000246966 1			99,964.73		99,856.97			30-Nov-2005		0.000%		NE - 63.69%		Repur/Subs - 360		01-Aug-2005
1000247256 1			265,137.78		264,586.00			11-Nov-2005		7.950%		VA - 90.00%		Repur/Subs - 360		01-Jul-2005
1000250201 1			500,000.00		500,000.00			17-Nov-2005		6.250%		CA - 80.00%		Repur/Subs - 360		01-Jul-2005
1000250881 1			116,000.00		116,000.00			30-Nov-2005		0.000%		PA - 80.00%		Repur/Subs - 360		01-Aug-2005
1000251090 1			217,256.50		216,884.43			30-Nov-2005		0.000%		CA - 75.00%		Repur/Subs - 360		01-Jul-2005
1000251620 1			351,475.89		350,677.37			30-Nov-2005		0.000%		CA - 80.00%		Repur/Subs - 360		01-Jul-2005
1000251987 1			93,574.38		93,429.83			30-Nov-2005		0.000%		NC - 60.00%		Repur/Subs - 360		01-Aug-2005
1000252968 1			599,200.00		599,200.00			30-Nov-2005		0.000%		CA - 79.89%		Repur/Subs - 360		01-Aug-2005
1000253034 1			25,966.85		25,865.70			30-Nov-2005		0.000%		MT - 20.00%		Repur/Subs - 240		01-Aug-2005
1000253064 1			187,368.99		186,970.83			30-Nov-2005		0.000%		CA - 75.00%		Repur/Subs - 360		01-Aug-2005
1000253309 1			313,684.61		312,939.53			30-Nov-2005		0.000%		NV - 90.00%		Repur/Subs - 360		01-Aug-2005
1000253372 1			17,405.05		17,298.11			30-Nov-2005		0.000%		NV - 5.00%		Repur/Subs - 180		01-Aug-2005
1000253420 1			484,102.07		482,894.32			21-Nov-2005		6.990%		CA - 95.00%		Repur/Subs - 360		01-Aug-2005
1000253569 1			280,000.00		280,000.00			30-Nov-2005		0.000%		CA - 80.00%		Repur/Subs - 360		01-Aug-2005
1000253736 1			139,902.18		139,604.88			07-Nov-2005		7.800%		CA - 49.12%		Repur/Subs - 360		01-Aug-2005
1000254154 1			175,374.88		174,994.66			29-Nov-2005		7.700%		NM - 90.00%		Repur/Subs - 360		01-Aug-2005
1000254315 1			107,933.89		107,732.75			30-Nov-2005		0.000%		MI - 90.00%		Repur/Subs - 360		01-Aug-2005
1000254379 1			275,714.56		274,849.93			23-Nov-2005		5.800%		CA - 75.62%		Repur/Subs - 360		01-Aug-2005
1000254543 1			392,725.40		391,890.85			30-Nov-2005		7.800%		NY - 67.76%		Repur/Subs - 360		01-Aug-2005
1000254747 1			612,000.00		612,000.00			30-Nov-2005		0.000%		CA - 80.00%		Repur/Subs - 360		01-Aug-2005
1000254757 1			312,000.00		312,000.00			07-Nov-2005		5.500%		CA - 80.00%		Repur/Subs - 360		01-Aug-2005
1000255099 1			454,608.25		453,379.05			30-Nov-2005		0.000%		CA - 82.73%		Repur/Subs - 360		01-Aug-2005
1000255203 1			385,000.00		385,000.00			30-Nov-2005		0.000%		CA - 77.00%		Repur/Subs - 360		01-Aug-2005
1000255646 1			91,944.26		91,774.64			30-Nov-2005		0.000%		OH - 80.00%		Repur/Subs - 360		01-Aug-2005
1000255905 1			174,250.00		174,250.00			22-Nov-2005		6.000%		WA - 85.00%		Repur/Subs - 360		01-Aug-2005
1000256576 1			494,621.46		493,471.86			28-Nov-2005		7.350%		FL - 90.00%		Repur/Subs - 360		01-Aug-2005
1000256804 1			99,970.74		99,881.20			30-Nov-2005		0.000%		FL - 57.14%		Repur/Subs - 360		01-Aug-2005
1000257291 1			143,500.00		143,500.00			30-Nov-2005		0.000%		CA - 75.53%		Repur/Subs - 360		01-Aug-2005
1000257772 1			206,500.00		206,500.00			09-Nov-2005		6.250%		CA - 70.00%		Repur/Subs - 360		01-Aug-2005
1000257992 1			134,400.00		134,400.00			30-Nov-2005		0.000%		NV - 80.00%		Repur/Subs - 360		01-Aug-2005
1000258250 1			134,918.21		134,669.35			30-Nov-2005		0.000%		FL - 48.21%		Repur/Subs - 360		01-Aug-2005
1000259907 1			510,801.21		509,590.33			30-Nov-2005		0.000%		VA - 80.00%		Repur/Subs - 360		01-Aug-2005
5000144439 1			446,889.71		445,759.90			30-Nov-2005		0.000%		MA - 80.00%		Repur/Subs - 360		01-Jun-2005
5000144487 1			193,131.06		192,754.40			30-Nov-2005		0.000%		MN - 90.00%		Repur/Subs - 360		01-Jun-2005
5000147642 1			55,916.71		55,831.42			30-Nov-2005		0.000%		MO - 80.00%		Repur/Subs - 360		01-Jun-2005
5000151626 1			157,281.39		156,947.96			30-Nov-2005		0.000%		MO - 89.49%		Repur/Subs - 360		01-Jul-2005
Page 19 of 27
Carrington Mortgage Loan Trust 2005-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
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
5000151909 1			103,967.84		103,869.46			30-Nov-2005		0.000%		WI - 65.00%		Repur/Subs - 360		01-Aug-2005
5000153420 1			184,279.84		183,882.55			02-Nov-2005		7.750%		WI - 90.00%		Repur/Subs - 360		01-Aug-2005
5000154027 1			69,979.74		69,917.75			30-Nov-2005		0.000%		MN - 70.00%		Repur/Subs - 360		01-Aug-2005
5000155635 1			299,754.09		299,007.72			30-Nov-2005		0.000%		CO - 80.00%		Repur/Subs - 360		01-Aug-2005
5000155966 1			115,928.26		115,710.01			30-Nov-2005		8.400%		IL - 56.59%		Repur/Subs - 360		01-Aug-2005
5000155998 1			119,914.44		119,654.45			30-Nov-2005		0.000%		IL - 80.00%		Repur/Subs - 360		01-Aug-2005
5000156102 1			49,977.40		49,908.48			30-Nov-2005		0.000%		TX - 80.00%		Repur/Subs - 360		01-Aug-2005
5000156278 1			214,059.16		213,630.91			30-Nov-2005		0.000%		GA - 90.00%		Repur/Subs - 360		01-Aug-2005
5000156430 1			313,313.73		312,445.65			30-Nov-2005		0.000%		FL - 80.00%		Repur/Subs - 360		01-Aug-2005
5000156789 1			364,715.26		363,850.68			30-Nov-2005		0.000%		VA - 80.00%		Repur/Subs - 360		01-Aug-2005
5000157230 1			189,908.98		189,631.51			30-Nov-2005		0.000%		WI - 66.67%		Repur/Subs - 360		01-Aug-2005
5000157564 1			209,452.06		209,002.47			30-Nov-2005		0.000%		IL - 80.00%		Repur/Subs - 360		01-Aug-2005
5000157613 1			419,593.74		418,362.43			15-Nov-2005		6.150%		NY - 77.78%		Repur/Subs - 360		01-Aug-2005
5000157757 1			62,367.65		62,269.10			30-Nov-2005		0.000%		MI - 80.00%		Repur/Subs - 360		01-Aug-2005
5000158109 1			202,383.24		202,027.86			30-Nov-2005		0.000%		MD - 75.00%		Repur/Subs - 360		01-Aug-2005
5000158576 1			161,406.12		161,084.60			10-Nov-2005		8.700%		MD - 95.00%		Repur/Subs - 360		01-Aug-2005
5000158757 1			120,726.82		120,504.15			30-Nov-2005		0.000%		MI - 80.00%		Repur/Subs - 360		01-Aug-2005
5000158762 1			295,826.14		295,296.99			30-Nov-2005		0.000%		NJ - 74.94%		Repur/Subs - 360		01-Aug-2005
5000158850 1			231,827.48		231,303.43			30-Nov-2005		0.000%		IL - 80.00%		Repur/Subs - 360		01-Aug-2005
5000159053 1			76,453.17		76,310.69			30-Nov-2005		0.000%		MI - 90.00%		Repur/Subs - 360		01-Aug-2005
5000160190 1			166,276.26		165,870.28			30-Nov-2005		0.000%		IL - 90.00%		Repur/Subs - 360		01-Aug-2005
5000160476 1			468,000.00		468,000.00			30-Nov-2005		0.000%		CO - 80.00%		Repur/Subs - 360		01-Aug-2005
5000160549 1			53,575.52		53,500.86			30-Nov-2005		0.000%		MI - 80.00%		Repur/Subs - 360		01-Aug-2005
6000141236 1			140,000.00		140,000.00			01-Nov-2005		7.950%		FL - 88.82%		Repur/Subs - 360		01-Jun-2005
6000154229 1			181,937.19		181,745.25			30-Nov-2005		0.000%		MD - 70.00%		Repur/Subs - 360		01-Aug-2005
6000154266 1			147,827.30		147,563.53			30-Nov-2005		0.000%		CA - 80.00%		Repur/Subs - 360		01-Jul-2005
6000154672 1			248,000.00		248,000.00			30-Nov-2005		0.000%		MA - 80.00%		Repur/Subs - 360		01-Aug-2005
6000155276 1			170,654.38		170,212.54			29-Nov-2005		6.800%		VA - 76.59%		Repur/Subs - 360		01-Aug-2005
6000157939 1			237,163.54		236,899.42			28-Nov-2005		10.900%		FL - 65.00%		Repur/Subs - 360		01-Aug-2005
6000158489 1			109,944.15		109,773.99			18-Nov-2005		9.350%		FL - 78.57%		Repur/Subs - 360		01-Aug-2005
6000158844 1			183,925.29		183,697.25			30-Nov-2005		0.000%		MA - 53.03%		Repur/Subs - 360		01-Aug-2005
6000158999 1			135,700.88		135,367.32			30-Nov-2005		0.000%		GA - 80.00%		Repur/Subs - 360		01-Jul-2005
6000159112 1			79,880.27		79,759.19			30-Nov-2005		0.000%		GA - 80.00%		Repur/Subs - 360		01-Aug-2005
6000159766 1			55,965.37		55,860.02			30-Nov-2005		0.000%		MI - 80.00%		Repur/Subs - 360		01-Aug-2005
6000160573 1			364,752.60		364,000.52			30-Nov-2005		0.000%		DE - 100.00%		Repur/Subs - 360		01-Aug-2005
6000160856 1			101,952.91		101,809.33			30-Nov-2005		0.000%		VA - 72.34%		Repur/Subs - 360		01-Aug-2005
6000160918 1			279,804.36		279,209.78			28-Nov-2005		7.800%		GA - 80.00%		Repur/Subs - 360		01-Aug-2005
6000161171 1			74,956.85		74,825.48			30-Nov-2005		0.000%		FL - 48.39%		Repur/Subs - 360		01-Aug-2005
6000161411 1			416,000.00		416,000.00			30-Nov-2005		0.000%		MD - 80.00%		Repur/Subs - 360		01-Aug-2005
6000161634 1			283,322.88		282,774.54			21-Nov-2005		8.350%		MA - 70.00%		Repur/Subs - 360		01-Aug-2005
6000161867 1			89,600.00		89,600.00			30-Nov-2005		0.000%		VA - 80.00%		Repur/Subs - 360		01-Aug-2005
6000161998 1			179,834.08		179,331.00			30-Nov-2005		0.000%		FL - 80.00%		Repur/Subs - 360		01-Aug-2005
6000162799 1			110,437.73		110,248.15			30-Nov-2005		0.000%		GA - 85.00%		Repur/Subs - 360		01-Aug-2005
Page 20 of 27
Carrington Mortgage Loan Trust 2005-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
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
6000162878 1			75,878.53		75,752.25			30-Nov-2005		0.000%		MI - 80.00%		Repur/Subs - 360		01-Aug-2005
6000162919 1			206,277.51		205,904.75			30-Nov-2005		0.000%		RI - 80.00%		Repur/Subs - 360		01-Aug-2005
6000162960 1			384,000.00		384,000.00			30-Nov-2005		0.000%		GA - 80.00%		Repur/Subs - 360		01-Aug-2005
6000163088 1			140,168.46		139,920.29			30-Nov-2005		0.000%		GA - 85.00%		Repur/Subs - 360		01-Aug-2005
6000163573 1			276,000.00		276,000.00			30-Nov-2005		0.000%		MD - 80.00%		Repur/Subs - 360		01-Aug-2005
6000165007 1			179,044.19		178,571.53			30-Nov-2005		0.000%		RI - 80.00%		Repur/Subs - 360		01-Aug-2005
6000165197 1			122,894.10		122,572.80			18-Nov-2005		6.750%		FL - 72.35%		Repur/Subs - 360		01-Aug-2005
7000144097 1			216,181.46		215,603.33			30-Nov-2005		0.000%		NJ - 85.00%		Repur/Subs - 360		01-Jun-2005
7000146250 1			344,957.02		339,029.08			18-Nov-2005		7.300%		NJ - 75.00%		Repur/Subs - 360		01-Jul-2005
7000150757 1			521,923.79		520,665.79			23-Nov-2005		7.200%		CA - 85.00%		Repur/Subs - 360		01-Jul-2005
7000150840 1			223,837.06		223,342.01			07-Nov-2005		7.600%		NJ - 80.00%		Repur/Subs - 360		01-Aug-2005
7000150870 1			339,150.00		339,150.00			16-Nov-2005		7.050%		CA - 85.00%		Repur/Subs - 360		01-Aug-2005
7000151734 1			209,906.90		209,622.92			30-Nov-2005		0.000%		VA - 55.26%		Repur/Subs - 360		01-Aug-2005
7000151746 1			130,435.13		130,237.43			28-Nov-2005		9.450%		CA - 55.77%		Repur/Subs - 360		01-Aug-2005
7000152225 1			431,679.39		430,705.49			30-Nov-2005		0.000%		CA - 80.00%		Repur/Subs - 360		01-Aug-2005
7000152902 1			410,456.57		409,414.39			30-Nov-2005		0.000%		MD - 80.00%		Repur/Subs - 360		01-Aug-2005
7000153119 1			287,790.50		287,154.00			22-Nov-2005		7.600%		CA - 80.00%		Repur/Subs - 360		01-Aug-2005
7000153541 1			169,945.55		169,779.05			07-Nov-2005		11.490%		NJ - 50.00%		Repur/Subs - 360		01-Aug-2005
7000153680 1			455,693.41		454,761.34			18-Nov-2005		7.990%		CA - 80.00%		Repur/Subs - 360		01-Aug-2005
7000154119 1			507,566.89		506,232.43			18-Nov-2005		6.800%		CA - 80.00%		Repur/Subs - 360		01-Aug-2005
7000154250 1			684,000.00		684,000.00			01-Nov-2005		6.875%		CA - 90.00%		Repur/Subs - 360		01-Aug-2005
7000154572 1			56,921.68		56,835.38			30-Nov-2005		0.000%		MO - 85.00%		Repur/Subs - 360		01-Aug-2005
7000154725 1			678,725.43		677,283.14			30-Nov-2005		0.000%		HI - 80.00%		Repur/Subs - 360		01-Aug-2005
8000045267 1			391,720.52		390,871.29			30-Nov-2005		0.000%		NY - 80.00%		Repur/Subs - 360		01-Aug-2005
8000047297 1			317,701.16		316,795.19			30-Nov-2005		0.000%		NJ - 80.00%		Repur/Subs - 360		01-Aug-2005
8000047374 1			293,641.78		293,311.21			30-Nov-2005		0.000%		NY - 36.72%		Repur/Subs - 360		01-Aug-2005
8000048817 1			431,613.24		430,440.25			30-Nov-2005		0.000%		NY - 80.00%		Repur/Subs - 360		01-Aug-2005
8000049066 1			119,954.33		119,814.86			15-Nov-2005		10.700%		NJ - 46.15%		Repur/Subs - 360		01-Aug-2005
8000049712 1			266,181.63		265,518.85			22-Nov-2005		7.000%		RI - 84.57%		Repur/Subs - 360		01-Aug-2005
8000049854 1			160,938.72		160,751.60			30-Nov-2005		0.000%		CO - 70.00%		Repur/Subs - 360		01-Aug-2005
8000050103 1			459,662.01		458,635.22			30-Nov-2005		0.000%		NY - 55.76%		Repur/Subs - 360		01-Aug-2005
8000050248 1			339,376.27		338,998.30			30-Nov-2005		0.000%		NY - 70.00%		Repur/Subs - 360		01-Aug-2005
8000050664 1			228,612.83		228,195.44			08-Nov-2005		8.550%		FL - 75.00%		Repur/Subs - 360		01-Aug-2005
8000051288 1			53,967.28		53,867.72			30-Nov-2005		0.000%		PA - 90.00%		Repur/Subs - 360		01-Aug-2005
8000051514 1			197,500.00		197,500.00			30-Nov-2005		0.000%		RI - 91.44%		Repur/Subs - 360		01-Aug-2005
8000051789 1			166,890.20		166,556.33			15-Nov-2005		8.100%		NJ - 75.91%		Repur/Subs - 360		01-Aug-2005
8000052352 1			284,786.35		284,137.43			30-Nov-2005		0.000%		VA - 76.00%		Repur/Subs - 360		01-Aug-2005
TOTAL			41,811,607.58		41,735,772.89
Page 21 of 27
Carrington Mortgage Loan Trust 2005-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
December 27, 2005 Distribution
Realized Loss Report
COLLATERAL REALIZED LOSSES
											Group 2		Group 1		Total
Current
Number of Loans Liquidated												0		0
Collateral Principal Realized Loss/(Gain) Amount												0.00		0.00
Collateral Interest Realized Loss/(Gain) Amount												0.00		0.00
Net Liquidation Proceeds												0.00		0.00
Cumulative
Number of Loans Liquidated												0		0
Collateral Realized Loss/(Gain) Amount												0.00		0.00
Net Liquidation Proceeds												0.00		0.00
Page 22 of 27
Carrington Mortgage Loan Trust 2005-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
December 27, 2005 Distribution
DEFAULT SPEEDS
											Group 2		Group 1		Total
MDR												0.00%		0.00%
3 Months Avg MDR												0.00%		0.00%
12 Months Avg MDR												0.00%		0.00%
Avg MDR Since Cut-off												0.00%		0.00%
CDR												0.00%		0.00%
3 Months Avg CDR												0.00%		0.00%
12 Months Avg CDR												0.00%		0.00%
Avg CDR Since Cut-off												0.00%		0.00%
SDA												0.00%		0.00%
3 Months Avg SDA Approximation												0.00%		0.00%
12 Months Avg SDA Approximation												0.00%		0.00%
Avg SDA Since Cut-off Approximation												0.00%		0.00%
Loss Severity Approximation for Current Period												0.00%		0.00%
3 Months Avg Loss Severity Approximation												0.00%		0.00%
12 Months Avg Loss Severity Approximation												0.00%		0.00%
Avg Loss Severity Approximation Since Cut-off												0.00%		0.00%
Page 23 of 27
Carrington Mortgage Loan Trust 2005-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
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 24 of 27
Carrington Mortgage Loan Trust 2005-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
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 25 of 27
Carrington Mortgage Loan Trust 2005-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
December 27, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
										Group 2		Group 1		Total
						Trigger Event in effect (0=No , 1=Yes)								0
						Stepdown Date has occurred (0 = No, 1=Yes)								0
						Credit Enhancement Percentage								26.9500%
ADJUSTABLE RATE CERTIFICATE INFORMATION
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION
SPACE INTENTIONALLY LEFT BLANK
Page 26 of 27
Carrington Mortgage Loan Trust 2005-FRE1
Asset Backed Pass-Through Certificates
2005-FRE1
December 27, 2005 Distribution
Additional Certificate Report
ADDITIONAL CERTIFICATE REPORT
										Next Pass Through Rate
CLASS
			R-I							0.045%
			REMIC1							0.046%
			A-3							0.046%
			A-4							0.046%
			A-5							0.047%
			A-6							0.048%
			M-1							0.048%
			M-2							0.049%
			M-3							0.049%
			M-4							0.050%
			M-5							0.050%
			M-6							0.051%
			M-7							0.056%
			M-8							0.058%
			M-9							0.062%
			M-10							0.074%
			M-11							0.074%
			M-12							0.074%
			M-13							0.074%
			CE							0.000%
			P							0.000%
			R-II							0.000%
Page 27 of 27