Home Loan Mortgage Loan Trust 2005-1 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 15, 2005
                          (Date of earliest event reported)

                        Financial Asset Securities Corp. (as Depositor
                     under the Pooling and Servicing Agreement, dated as
                    November 1, 2005,providing for the issuance of Home
                    Equity Loan Asset-Backed Certificates Series 2005-1
                     (Exact name of registrant as specified in charter)


                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-127352-14                         06-1442101
          (Commission File Number)        (I.R.S. Employer Identification No.)


               600 Steamboat Road
               Greenwich, Connecticut                    06830
          (Address of principal executive offices)     (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (203) 625-2700


(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 15, 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 Financial Asset Securities
                                  Corp., Registrant


          Date:  Dec 16, 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 15, 2005.










			

Home Loan Mortgage Loan Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
December 15, 2005 Distribution
				External Parties						Table of Contents
													Page
				Seller
										1. Certificate Payment Report					2
				Ocean Bank FSB
										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
				Ambac						7. Foreclosure Report					12
										8. Prepayment Report					13
										9. Prepayment Detail Report					16
										10. Realized Loss Report					18
										11. Triggers and Adj. Cert. Report					21
				Servicer(s)
										12. Additional Certificate Report					22
				Ocean Bank FSB
				Underwriter(s)
				Greenwich Capital Markets
										Total Number of Pages					22
				Dates						Contacts
				Cut-Off Date:			November 01, 2005			Jennifer Hermansader
				Close Date:			November 29, 2005			Administrator
				First Distribution Date:			December 15, 2005			(714) 247-6258
										Jennifer.Vandyne@db.com
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			December 15, 2005
										Factor Information:			(800) 735-7777
				Record Date:			November 30, 2005
										Main Phone Number:			(714) 247-6000
							December 14, 2005
										https://www.tss.db.com/invr
Page 1 of 22
Home Loan Mortgage Loan Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
December 15, 2005 Distribution
Certificate Payment Report
Current Period Distribution - REMIC III
					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, SR	$	92,500,000.00		92,500,000.00		177,188.89		3,549,143.00		3,726,331.89		0.00		0.00		88,950,857.00
A-2	FLT, SR	$	35,250,000.00		35,250,000.00		69,873.33		0.00		69,873.33		0.00		0.00		35,250,000.00
A-3	FLT, SR	$	42,250,000.00		42,250,000.00		85,814.44		0.00		85,814.44		0.00		0.00		42,250,000.00
R	RES	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
C	SUB	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			170,000,000.00		170,000,000.00		332,876.66		3,549,143.00		3,882,019.66		0.00		0.00		166,450,857.00
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	11/29/05		12/14/05		A-Act/360		43718RAB9		92,500,000.00		1,000.000000		1.915556		38.369114		40.284669	961.630886
A-2	11/29/05		12/14/05		A-Act/360		43718RAC7		35,250,000.00		1,000.000000		1.982222		0.000000		1.982222	1,000.000000
A-3	11/29/05		12/14/05		A-Act/360		43718RAD5		42,250,000.00		1,000.000000		2.031111		0.000000		2.031111	1,000.000000
R	11/01/05		11/30/05		F-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000
C	11/01/05		11/30/05		F-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000
Page 2 of 22
Home Loan Mortgage Loan Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
December 15, 2005 Distribution
Distribution to Date - REMIC III
																	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	92,500,000.00		177,188.89		3,436,998.21		112,144.79		3,549,143.00		3,726,331.89		0.00		0.00		88,950,857.00
A-2	35,250,000.00		69,873.33		0.00		0.00		0.00		69,873.33		0.00		0.00		35,250,000.00
A-3	42,250,000.00		85,814.44		0.00		0.00		0.00		85,814.44		0.00		0.00		42,250,000.00
R	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
C	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total	170,000,000.00		332,876.66		3,436,998.21		112,144.79		3,549,143.00		3,882,019.66		0.00		0.00		166,450,857.00
Interest Detail - REMIC III
	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	4.31000%		92,500,000.00		177,188.89		0.00		0.00		0.00		177,188.89		177,188.89		0.00
A-2	4.46000%		35,250,000.00		69,873.33		0.00		0.00		0.00		69,873.33		69,873.33		0.00
A-3	4.57000%		42,250,000.00		85,814.44		0.00		0.00		0.00		85,814.44		85,814.44		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
C	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
Total			170,000,000.00		332,876.66		0.00		0.00		0.00		332,876.66		332,876.66		0.00
Page 3 of 22
Home Loan Mortgage Loan Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
December 15, 2005 Distribution
Collection Account Report
SUMMARY
														Total
Principal Collections														3,549,143.00
Principal Withdrawals														0.00
Principal Other Accounts														0.00
TOTAL NET PRINCIPAL														3,549,143.00
Interest Collections														668,335.90
Interest Withdrawals														-0.00
Interest Fees														-83,808.69
Interest Other Accounts														3,333.33
TOTAL NET INTEREST														587,860.54
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														4,137,003.54
PRINCIPAL - COLLECTIONS
															Total
Principal Received															112,144.79
Curtailments															36,349.45
Prepayments In Full															3,400,648.76
Repurchased/Substitutions															0.00
Liquidations															0.00
Insurance Principal															0.00
Other Additional Principal															0.00
Delinquent Principal															-0.00
Realized Losses															-0.00
Advanced Principal															0.00
TOTAL PRINCIPAL COLLECTED															3,549,143.00
PRINCIPAL - WITHDRAWALS
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS
														Total
TOTAL PRINCIPAL OTHER ACCOUNTS														0.00
Page 4 of 22
Home Loan Mortgage Loan Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
December 15, 2005 Distribution
INTEREST - COLLECTIONS
														Total
Interest Received														668,528.06
Repurchased/Substitution Interest														0.00
Liquidation Interest														0.00
Insurance Interest														0.00
Other Additional Interest														0.00
Prepayment Interest Shortfalls														-3,271.22
Delinquent Interest														-3,333.34
Compensating Interest														3,271.22
Civil Relief Act Shortfalls														-0.00
Interest Advanced														3,141.18
TOTAL INTEREST COLLECTED														668,335.90
INTEREST - WITHDRAWALS
														Total
Non-Recoverable Advances														0.00
TOTAL INTEREST WITHDRAWALS														0.00
INTEREST - OTHER ACCOUNTS
														Total
Prepayment Charges														0.00
Accounts Investment Income														0.00
Cap Payment														0.00
Interest Coverage Account														3,333.33
TOTAL INTEREST OTHER ACCOUNTS														3,333.33
INTEREST - FEES
														Total
Current Servicing Fees														53,775.36
Trustee Fees														1,700.00
PMI PREMIUM														28,333.33
TOTAL INTEREST FEES														83,808.69
Page 5 of 22
Home Loan Mortgage Loan Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
December 15, 2005 Distribution
Credit Enhancement Report
ACCOUNTS
														Total
Basis Risk Reserve Fund Beg. Balance														0.00
Basis Risk CarryOver Deposit														0.00
Basis Risk CarryOver Amount Paid														0.00
Basis Risk CarryOver Amount UnPaid														0.00
Basis Risk Reserve Fund End Balance														0.00
Spread Account Beg. Balance														850,000.00
Spread Account Deposit														254,983.88
Spread Account Interest Earnings														4,274.36
Spread Account Withdrawal														0.00
Spread Account End Balance														1,109,258.24
INSURANCE
														Total
PMI														0.00
STRUCTURAL FEATURES
														Total
Interest Coverage Account Beg Balance														0.00
Interest Coverage Account Deposit														10,000.00
Capitalized Interest Required Amount (Withdrawal)														3,333.33
Interest Coverage Account End Balance														6,666.67
Excess Spread Percentage														100.00%
Spread Acct Excess-Reimbursable Amts														0.00
Spread Acct Excess-Monthly Advances														0.00
Spread Acct Excess-Class C Holders														0.00
Page 6 of 22
Home Loan Mortgage Loan Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
December 15, 2005 Distribution
Collateral Report
COLLATERAL
															Total
Loan Count:
Original														1,826
Prior														1,826
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-48
Repurchases														-0
Liquidations														-0
Current														1,778
Principal Balance:
Original														129,522,029.69
Prior														129,522,029.69
Prefunding														0.00
Scheduled Principal														-112,144.79
Partial Prepayments														-36,349.45
Full Voluntary Prepayments														-3,400,648.76
Repurchases														-0.00
Liquidations														-0.00
Current														125,972,886.69
PREFUNDING
														Total
Prefunding Account Original Balance														40,477,970.31
Subsequent Loans Added to the Pool														0.00
Prefund Release to Certificate Holders														0.00
Prefunding Account Ending Balance														40,477,970.31
Page 7 of 22
Home Loan Mortgage Loan Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
December 15, 2005 Distribution
CHARACTERISTICS
														Total
Weighted Average Coupon Original														7.86358%
Weighted Average Coupon Prior														7.86358%
Weighted Average Coupon Current														7.86358%
Weighted Average Months to Maturity Original														325
Weighted Average Months to Maturity Prior														325
Weighted Average Months to Maturity Current														325
Weighted Avg Remaining Amortization Term Original														325
Weighted Avg Remaining Amortization Term Prior														325
Weighted Avg Remaining Amortization Term Current														325
Weighted Average Seasoning Original														4.16
Weighted Average Seasoning Prior														4.16
Weighted Average Seasoning Current														4.16
Page 8 of 22
Home Loan Mortgage Loan Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
December 15, 2005 Distribution
ARM CHARACTERISTICS
														Total
Weighted Average Margin Original														6.65317%
Weighted Average Margin Prior														6.65317%
Weighted Average Margin Current														6.65317%
Weighted Average Max Rate Original														14.24068%
Weighted Average Max Rate Prior														14.24068%
Weighted Average Max Rate Current														14.24068%
Weighted Average Min Rate Original														7.90610%
Weighted Average Min Rate Prior														7.90610%
Weighted Average Min Rate Current														7.90610%
Weighted Average Cap Up Original														1.00000%
Weighted Average Cap Up Prior														1.00000%
Weighted Average Cap Up Current														1.00000%
Weighted Average Cap Down Original														1.00000%
Weighted Average Cap Down Prior														1.00000%
Weighted Average Cap Down Current														1.00000%
SERVICING FEES & ADVANCES
															Total
Current Servicing Fees														53,775.36
Delinquent Servicing Fees														192.15
TOTAL SERVICING FEES														53,967.52
Total Servicing Fees														53,967.52
Compensating Interest														-3,271.22
Delinquent Servicing Fees														-192.15
COLLECTED SERVICING FEES														50,504.14
Total Advanced Interest														3,141.18
Total Advanced Principal														0.00
Aggregate Advances with respect to this Distribution														3,141.18
ADDITIONAL COLLATERAL INFORMATION
														Total
Prepayment Interest Shortfall (PPIS)														3,271.22
Compensating Interest														-3,271.22
Net Prepayment Interest Shortfall (PPIS)														0.00
Ending Pool Stated Principal Balance														125,972,886.69
Weighted Average Net Mortgage Rate														5.446430%
Page 9 of 22
Home Loan Mortgage Loan Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
December 15, 2005 Distribution
Delinquency Report
	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				316,797.86		0.00		0.00		316,797.86
			% Balance				0.25%		0.00%		0.00%		0.25%
			# Loans				1		0		0		1
			% # Loans				0.06%		0.00%		0.00%		0.06%
	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		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%
	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		0.00		316,797.86		0.00		0.00		316,797.86
			% Balance		0.00%		0.25%		0.00%		0.00%		0.25%
			# Loans		0		1		0		0		1
			% # Loans		0.00%		0.06%		0.00%		0.00%		0.06%
Page 10 of 22
Home Loan Mortgage Loan Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
December 15, 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 22
Home Loan Mortgage Loan Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
December 15, 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 12 of 22
Home Loan Mortgage Loan Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
December 15, 2005 Distribution
Prepayment Report
VOLUNTARY PREPAYMENTS
															Total
Current
Number of Paid in Full Loans														48
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														48
Curtailments Amount														36,349.45
Paid in Full Balance														3,400,648.76
Repurchased Loans Balance														0.00
Total Prepayment Amount														3,436,998.21
Cumulative
Number of Paid in Full Loans														48
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														48
Paid in Full Balance														3,400,648.76
Repurchased Loans Balance														0.00
Curtailments Amount														36,349.45
Total Prepayment Amount														3,436,998.21
Page 13 of 22
Home Loan Mortgage Loan Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
December 15, 2005 Distribution
VOLUNTARY PREPAYMENTS RATES
															Total
SMM														2.66%
3 Months Avg SMM														2.66%
12 Months Avg SMM														2.66%
Avg SMM Since Cut-off														2.66%
CPR														27.60%
3 Months Avg CPR														27.60%
12 Months Avg CPR														27.60%
Avg CPR Since Cut-off														27.60%
PSA														3,316.97%
3 Months Avg PSA Approximation														3,316.97%
12 Months Avg PSA Approximation														3,316.97%
Avg PSA Since Cut-off Approximation														3,316.97%
Page 14 of 22
Home Loan Mortgage Loan Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
December 15, 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 22
Home Loan Mortgage Loan Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
December 15, 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
94787 1			192,000.00		189,241.33			09-Nov-2005		8.500%		NJ - 80.00%		Paid Off - 360		29-Dec-2003
95649 1			27,500.00		26,472.11			30-Nov-2005		6.750%		NJ - 60.03%		Paid Off - 240		03-Apr-2004
99044 1			55,000.00		54,430.18			17-Nov-2005		7.750%		MA - 73.76%		Paid Off - 360		24-Jan-2005
99579 1			484,500.00		480,928.90			07-Nov-2005		6.500%		CA - 85.00%		Paid Off - 360		15-Mar-2005
99725 1			49,500.00		49,224.72			10-Nov-2005		7.250%		NJ - 77.00%		Paid Off - 360		01-Apr-2005
99826 1			32,000.00		31,855.27			23-Nov-2005		8.750%		CA - 79.65%		Paid Off - 360		08-Apr-2005
99860 1			32,000.00		31,707.40			29-Nov-2005		6.750%		IL - 51.61%		Paid Off - 300		14-Apr-2005
99863 1			88,000.00		87,578.27			09-Nov-2005		8.000%		NY - 80.00%		Paid Off - 360		15-Apr-2005
99958 1			127,500.00		126,754.01			29-Nov-2005		6.990%		FL - 85.00%		Paid Off - 360		23-Apr-2005
100018 1			12,000.00		11,764.08			17-Nov-2005		7.000%		RI - 73.79%		Paid Off - 180		28-Apr-2005
100064 1			50,001.00		49,632.73			17-Nov-2005		9.250%		MA - 58.15%		Paid Off - 240		30-Apr-2005
100111 1			31,000.00		30,898.69			09-Nov-2005		9.250%		NY - 67.55%		Paid Off - 360		04-May-2005
100216 1			212,500.00		211,574.81			18-Nov-2005		6.750%		MD - 85.00%		Paid Off - 360		11-May-2005
100274 1			60,000.00		59,693.09			09-Nov-2005		8.250%		KY - 75.00%		Paid Off - 360		16-May-2005
100278 1			66,415.00		66,200.28			21-Nov-2005		8.250%		NY - 60.65%		Paid Off - 360		16-May-2005
100293 1			30,000.00		29,725.69			22-Nov-2005		7.500%		FL - 69.54%		Paid Off - 240		19-May-2005
100403 1			38,000.00		37,923.11			10-Nov-2005		10.500%		FL - 79.43%		Paid Off - 360		27-May-2005
100407 1			24,000.00		23,909.25			09-Nov-2005		7.990%		NJ - 64.38%		Paid Off - 360		27-May-2005
100429 1			25,500.00		24,821.92			09-Nov-2005		8.750%		CA - 69.99%		Paid Off - 120		29-May-2005
100474 1			17,300.00		17,234.96			09-Nov-2005		7.500%		FL - 43.89%		Paid Off - 360		02-Jun-2005
100480 1			170,000.00		169,711.13			25-Nov-2005		10.250%		RI - 70.83%		Paid Off - 360		03-Jun-2005
100532 1			34,150.00		34,094.96			22-Nov-2005		10.500%		CA - 75.02%		Paid Off - 360		04-Jun-2005
100599 1			23,000.00		22,905.65			25-Nov-2005		8.500%		OH - 71.51%		Paid Off - 360		09-Jun-2005
100613 1			55,000.00		54,440.83			09-Nov-2005		8.250%		NJ - 59.01%		Paid Off - 240		10-Jun-2005
100639 1			95,000.00		94,667.08			09-Nov-2005		8.250%		PA - 52.78%		Paid Off - 360		13-Jun-2005
100668 1			18,270.00		18,136.74			17-Nov-2005		7.500%		NJ - 79.94%		Paid Off - 240		17-Jun-2005
100715 1			242,000.00		241,274.84			16-Nov-2005		7.500%		RI - 82.59%		Paid Off - 360		01-Jul-2005
100731 1			102,000.00		101,737.10			21-Nov-2005		8.250%		VA - 53.68%		Paid Off - 360		21-Jun-2005
100789 1			34,000.00		33,739.02			11-Nov-2005		7.250%		PA - 85.00%		Paid Off - 240		24-Jun-2005
100894 1			246,500.00		245,681.45			18-Nov-2005		6.980%		RI - 85.00%		Paid Off - 360		30-Jun-2005
100941 1			71,500.00		71,327.06			25-Nov-2005		9.500%		NY - 84.84%		Paid Off - 360		02-Jul-2005
100944 1			70,000.00		69,729.98			16-Nov-2005		10.000%		VA - 79.03%		Paid Off - 360		02-Jul-2005
101037 1			13,000.00		12,712.90			25-Nov-2005		8.000%		PA - 49.34%		Paid Off - 120		08-Jul-2005
101040 1			22,000.00		20,462.98			23-Nov-2005		8.000%		VA - 14.97%		Paid Off - 120		08-Jul-2005
101062 1			32,282.00		32,162.78			28-Nov-2005		9.500%		WA - 85.00%		Paid Off - 360		13-Jul-2005
101064 1			22,500.00		22,451.67			09-Nov-2005		10.250%		IL - 84.28%		Paid Off - 360		13-Jul-2005
101249 1			44,300.00		44,234.11			09-Nov-2005		9.500%		FL - 77.15%		Paid Off - 360		27-Jul-2005
Page 16 of 22
Home Loan Mortgage Loan Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
December 15, 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
101274 1			10,000.00		9,898.76			09-Nov-2005		7.500%		OH - 78.42%		Paid Off - 180		28-Jul-2005
101521 1			23,400.00		23,044.55			22-Nov-2005		9.500%		DE - 84.98%		Paid Off - 120		18-Aug-2005
101764 1			76,000.00		75,862.20			15-Nov-2005		6.500%		MD - 45.65%		Paid Off - 360		03-Sep-2005
101774 1			25,000.00		24,847.09			09-Nov-2005		8.000%		NV - 74.45%		Paid Off - 240		03-Sep-2005
101790 1			34,600.00		34,485.72			18-Nov-2005		8.250%		NJ - 70.00%		Paid Off - 240		03-Sep-2005
102027 1			40,000.00		39,948.31			09-Nov-2005		8.250%		MD - 59.75%		Paid Off - 360		24-Sep-2005
102043 1			45,000.00		44,945.27			09-Nov-2005		8.500%		MD - 67.29%		Paid Off - 360		25-Sep-2005
102072 1			30,000.00		29,953.04			28-Nov-2005		7.250%		ME - 56.60%		Paid Off - 360		27-Sep-2005
102160 1			65,250.00		65,205.77			09-Nov-2005		7.950%		OH - 75.00%		Paid Off - 360		01-Oct-2005
102371 1			43,000.00		43,000.00			18-Nov-2005		8.250%		PA - 54.43%		Paid Off - 360		19-Oct-2005
102387 1			78,500.00		78,416.97			18-Nov-2005		7.490%		PA - 78.50%		Paid Off - 360		20-Oct-2005
TOTAL			3,420,968.00		3,400,648.76
Page 17 of 22
Home Loan Mortgage Loan Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
December 15, 2005 Distribution
Realized Loss Report
COLLATERAL REALIZED LOSSES
															Total
Current
Number of Loans Liquidated														0
Collateral Principal Realized Loss/(Gain) Amount														0.00
Collateral Interest Realized Loss/(Gain) Amount														0.00
Net Liquidation Proceeds														0.00
Cumulative
Number of Loans Liquidated														0
Collateral Realized Loss/(Gain) Amount														0.00
Net Liquidation Proceeds														0.00
Page 18 of 22
Home Loan Mortgage Loan Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
December 15, 2005 Distribution
DEFAULT SPEEDS
															Total
MDR														0.00%
3 Months Avg MDR														0.00%
12 Months Avg MDR														0.00%
Avg MDR Since Cut-off														0.00%
CDR														0.00%
3 Months Avg CDR														0.00%
12 Months Avg CDR														0.00%
Avg CDR Since Cut-off														0.00%
SDA														0.00%
3 Months Avg SDA Approximation														0.00%
12 Months Avg SDA Approximation														0.00%
Avg SDA Since Cut-off Approximation														0.00%
Loss Severity Approximation for Current Period														0.00%
3 Months Avg Loss Severity Approximation														0.00%
12 Months Avg Loss Severity Approximation														0.00%
Avg Loss Severity Approximation Since Cut-off														0.00%
Page 19 of 22
Home Loan Mortgage Loan Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
December 15, 2005 Distribution
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
	Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
	Conditional Default Rate (CDR): 1-((1-MDR)^12)
	SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)*0.02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60)))
	Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn)*(1-MDRn+1)*...*(1-MDRm)]^(1/months in period n,m)
	Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
	Average SDA Approximation over period between the nth month and mth month:
	AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)*0.02,MAX(0.03,MIN(30,Avg WASn,m)*0.02-0.0095*(Avg WASn,m-60)))
	Average WASn,m: (WASn + WASn+1 +...+ WASm )/(number of months in the period n,m)
	Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
	Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
	Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
	Dates correspond to distribution dates.
Page 20 of 22
Home Loan Mortgage Loan Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
December 15, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
														Total
						Servicer Termination Loss Event (0=No,1=Yes)								0
						Servicer Termination Delinq. Event (0=No,1=Yes)								0
ADJUSTABLE RATE CERTIFICATE INFORMATION
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION
														Total
Current LIBOR Rate														4.21000%
Next LIBOR Rate														4.36938%
Reimbursable Amount to Servicer or Seller														0.00
Page 21 of 22
Home Loan Mortgage Loan Trust 2005-1
Mortgage Pass-Through Certificates
2005-1
December 15, 2005 Distribution
Additional Certificate Report
ADDITIONAL CERTIFICATE REPORT
										Next Pass Through Rate			NET WAC Shortfall CarryOver		NET WAC Shortfall Paid
CLASS
			A-1							4.469%			$0.00		$0.00
			A-2							4.619%			$0.00		$0.00
			A-3							4.729%			$0.00		$0.00
			R							0.000%			$0.00		$0.00
			C							0.000%			$0.00		$0.00
Page 22 of 22