UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 15


CERTIFICATION  AND NOTICE OF TERMINATION OF REGISTRATION  UNDER SECTION 12(g) OF
THE SECURITIES  EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER
SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.


                                           Commission File Number 333-122578-01

                            FBR SECURITIZATION, INC.
             (Exact name of registrant as specified in its charter)

        1001 Nineteenth Street North, Arlington, VA 22209 (703) 312-9500
(Address, including zip code, and telephone number, including area code, of
                   registrant's principal executive offices)

                             First NLC Trust 2005-1
                 Callable Mortgage-Backed Notes, Series 2005-1
            (Title of each class of securities covered by this Form)

                                      None
       (Titles of all other classes of securities for which a duty to file
                  reports under section 13(a) or 15(d) remains)

    Please  place  an X in  the  box(es)  to  designate,  the  appropriate  rule
provision(s) relied upon to terminate or suspend the duty to file reports:

  Rule 12g-4(a)(1)(i)                                 Rule 12h-3(b)(1)(i)     X
  Rule 12g-4(a)(1)(ii)                                Rule 12h-3(b)(1)(ii)
  Rule 12g-4(a)(2)(i)                                 Rule 12h-3(b)(2)(i)
  Rule 12g-4(a)(2)(ii)                                Rule 12h-3(b)(2)(ii)
                                                      Rule 15d-6              X

    Approximate  number of holders of record as of the  certification  or notice
date:  less than 300 holders

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, FBR
Securitization,  Inc. has caused this  certification/notice  to be signed on its
behalf by the undersigned duly authorized person.

                By:  JPMorgan Chase Bank, N.A. as Master Servicer,
                     Securities Administrator and Custodian for:

                     First NLC Trust 2005-1
                     Callable Mortgage-Backed Notes, Series 2005-1

                By:   /s/  Thomas Venusti
                     --------------------------------------------------
              Name:  Thomas Venusti
             Title:  Assistant Vice President

              Date:  January 27, 2006