Monthly Report for Distribution dated May 26, 2015 Global Corporate Trust Services
DISTRIBUTION PACKAGE TABLE OF CONTENTS Statement to Certificate Holders Page 1 First Distribution Date: Settlement Date: Cutoff Date: DATES July 25, 2005 June 29, 2005 June 01, 2005 PARTIES TO THE TRANSACTION Servicer(s): Green Tree Servicing LLC Certificate Insurer(s): Underwriter(s): Credit Suisse Securities (USA) LLC ADMINISTRATOR Name: Title: Phone: Fax: Email: Address: 651-495-8088 bruce.knutson@usbank.com 60 Livingston Ave, St Paul, MN 55107 Website: The Trustee, at the direction of the Depositor, and based upon information provided in the Mortgage Loan Schedule or by the Servicer, is furnishing this information to each Certificateholder. The Depositor and/or the Servicer may discontinue the furnishing of this Supplemental Report (other than the Payment Date Statement), or may change its format, at any time and without notice to any Certificateholder. While the above parties have undertaken efforts to ensure the reasonable accuracy of this information, this information has not been audited and the parties make no representation as to the accuracy or completeness of the information.
Contact: IRWIN HOME EQUITY LOAN TRUST 2005-1 Home Equity Loan Backed Notes bruce.knutson@usbank.com Original Beginning Total Overdue Overdue Ending Note Note Principal Interest Distribution Accrued Accrued Note Class Principal Balance Principal Balance Distribution Distribution Amount Interest Paid Interest Remaining Principal Balance I-A 78,860,000.00 16,353,669.08 84,851.17 5,285.98 90,137.15 0.00 0.00 16,268,817.91 Variable Funding Note 0.00 47,111.13 244.44 15.23 259.67 0.00 0.00 46,866.70 II-A-1 115,144,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 II-A-2 48,837,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 II-A-3 45,292,000.00 4,469,332.67 354,237.51 19,814.04 374,051.55 0.00 0.00 4,115,095.16 M-1 21,570,000.00 4,646,407.32 97,810.71 20,986.27 118,796.98 0.00 0.00 4,548,596.61 M-2 18,873,000.00 3,398,829.98 0.00 16,172.77 16,172.77 0.00 0.00 3,398,829.98 B-1 11,684,000.00 3,183,580.39 138,565.17 15,679.13 154,244.30 0.00 0.00 3,045,015.22 B-2 6,291,000.00 1,355,202.14 28,528.13 1,944.57 30,472.70 0.00 0.00 1,326,674.01 B-3 4,494,000.00 968,001.53 20,377.24 1,700.89 22,078.13 0.00 0.00 947,624.29 TOTAL 351,045,000.00 34,422,134.24 724,614.37 81,598.88 806,213.25 0.00 0.00 33,697,519.88 AMOUNTS PER $1,000 UNIT Beginning Overdue Overdue Ending Note Principal Interest Note Accrued Accrued Note Class CUSIP Principal Balance Distribution Distribution Distribution Amount Interest Paid Interest Remaining Principal Balance I-A 464126CM1 207.37597109 1.07597223 0.06702993 1.14300216 0.00000000 0.00000000 206.29999886 II-A-1 464126CN9 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 464126CP4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 464126CQ2 98.67819195 7.82119381 0.43747328 8.25866709 0.00000000 0.00000000 90.85699815 M-1 464126CR0 215.41063143 4.53457163 0.97293788 5.50750950 0.00000000 0.00000000 210.87605981 M-2 464126CS8 180.08954485 0.00000000 0.85692630 0.85692630 0.00000000 0.00000000 180.08954485 B-1 464126CT6 272.47350137 11.85939490 1.34193170 13.20132660 0.00000000 0.00000000 260.61410647 B-2 464126CU3 215.41919250 4.53475282 0.30910348 4.84385630 0.00000000 0.00000000 210.88443968 B-3 464126CV1 215.39864931 4.53432132 0.37848020 4.91280151 0.00000000 0.00000000 210.86432799 Rates Class Note I-A 0.40125% Variable Funding Note 0.40125% II-A-1 0.32125% II-A-2 4.72000% II-A-3 5.32000% M-1 5.42000% M-2 5.71000% B-1 5.91000% B-2 1.78125% B-3 2.18125% Investor Certificate Rates based on a LIBOR of: 0.18125% Page 1 Page 1 of 4
Contact: IRWIN HOME EQUITY LOAN TRUST 2005-1 Home Equity Loan Backed Notes bruce.knutson@usbank.com Information pursuant to Section 4.01 of the Sale and Servicing Agreement Dated June 1, 2005 (ii) Principal Collections: Group 1 Group 2 Total Beginning Balance of Preceding Collection Period 8,795,434.52 31,278,791.76 40,074,226.28 Beginning Balance of Curent Collection Period 8,330,461.21 30,389,599.81 38,720,061.02 Principal Collections 141,540.24 589,206.23 730,746.47 Liquidation Loss Amount 29,389.49 54,953.31 84,342.80 Net Principal Collection Amount 141,540.24 589,206.23 730,746.47 Principal Collection Distribution Amount 141,540.24 589,206.23 730,746.47 Ending Balance of Curent Collection Period 8,159,531.48 29,745,440.27 37,904,971.75 (iii) Interest Collections: Gross Interest Collections 44,599.00 259,419.89 304,018.89 Servicing and Other Fees 6,942.05 25,324.53 32,266.58 Net Interest Collection Amount 37,656.95 234,095.36 271,752.31 (iv) Servicing Fee Accrued and Unpaid - - - Servicing Fee 6,942.05 25,324.53 32,266.58 Indenture Trustee Fee 34.71 126.62 161.33 (v) Delinquency Information Group 1 Group 1 Group 2 Group 2 Total Total Count Balance Count Balance Count Balance 30-59 days 3 137,048.44 7 250,355.49 10 387,403.93 60-89 days 5 250,168.72 4 120,395.46 9 370,564.18 90-119 days 2 128,248.64 2 67,953.69 4 196,202.33 120-149 days 1 118,964.98 1 17,150.98 2 136,115.96 150-179 days 0 0.00 1 33,011.88 1 33,011.88 180 + 0 0.00 0 0.00 0 0.00 Total 11 634,430.78 15 488,867.50 26 1,123,298.28 *Note: The above statistics include Foreclousures, REOs and Bankruptcies Group 1 Group 1 Group 2 Group 2 Total Total Count Balance Count Balance Count Balance Bankruptcy 6 534,519.74 16 799,017.27 22 1,333,537.01 Foreclosure 0 0.00 0 0.00 0 0.00 REO 0 0.00 0 0.00 0 0.00 Total 6 534,519.74 16 799,017.27 22 1,333,537.01 Page 2 Page 2 of 4
Contact: IRWIN HOME EQUITY LOAN TRUST 2005-1 Home Equity Loan Backed Notes bruce.knutson@usbank.com Information pursuant to Section 4.01 of the Sale and Servicing Agreement Dated June 1, 2005 (vi) Amounts Distributed to Certificate Holders 195,021.59 (vii) Amount of Excess Spread 188,889.48 (viii) Amount of Additional Balances 0.00 0.00 0.00 Amount of Additional Balance Differential 0.00 0.00 0.00 (ix) Overcollateralization Amount 4,207,451.87 Overcollateralization Target Amount 4,207,451.86 (x) Has the Loss and Delinquency Test been satisfied YES (xi) Current Forgiven Principal 1 0.00 0.00 0.00 Cumulative Forgiven Principal 1 0.00 61,306.00 61,306.00 Current Liquidation Loss Distribution Amount 29,389.49 54,953.31 84,342.80 Cumulative Liquidation Loss Distribution Amount 11,514,552.67 34,928,624.73 46,443,177.40 (xii) Overcollateralization Increase Amount 0.00 Overcollateralization Release Amount 0.00 (xiii) (xiv) Liquidation Loss Amount Current Period 29,389.49 54,953.31 84,342.80 Current Period and previous eleven periods 170,046.16 57,814.01 227,860.17 Cumulative Amount to date 11,514,552.67 34,928,624.73 46,443,177.40 Principal Balance of Liquidated Mortgage Loans Current Period 32,922.84 129,834.63 162,757.47 Current Period and previous eleven periods 1,034,778.58 874,913.84 1,909,692.42 Cumulative Amount to date 14,410,426.86 41,179,740.77 55,590,167.63 (xv) Net Loan Rate 5.98105% 9.22173% 8.52451% (xvi) Has an Ammortization Event Occurred? NO (xvii) Extraordinary Trust Fund Expense 1,102.62 1 In the absence of specific guidance in the governing documents, forgiveness of principal agreed to and reported by a Servicer in connection with a loan modification will be treated as a Realized Loss, and will be included in such reported amounts and related calculations. Page 3 Page 3 of 4
RECONCILIATION REPORT ISSUE DATE : 29-Jun-05 DEAL NAME: IRWIN HOME EQUITY LOAN TRUST 2005-1 DISTRIBUTION DATE: May 26, 2015 Home Equity Loan Backed Notes DETERMINATION DATE 21-May-15 RUN DATE: 14-May-15 I. CASH RECONCILIATION A. Cash Available for Distribution Total Net Collections Interest Collections - per Servicer Report 271,752.31 Principal Collections - per Servicer Report 730,746.47 Prepayment Penalties Collected 0.00 Investment Income 0.00 Interest Earnings on Trustee Collection Account 0.00 Total Deposit to Collection Account 1,002,498.78 II. DISTRIBUTION SUMMARY AND RECONCILIATION B. Amounts Distributed per Section 3.05: Indenture Trustee Fee 161.33 Extraordinary Trust Fund Expense 1,102.62 Prepayment Penalties Distributed plus excess cash to Certificates 195,021.59 Note Interest Distributed 81,598.88 Interest paid to the Sponsor 0.00 Interest Carryforward Paid 0.00 Deferred Amount Paid 0.00 Note Principal Distributed 724,614.36 Reimbursements to Indenture and Owner Trustee 0.00 Additional Balances paid to the Sponsor 0.00 Total Distributions 1,002,498.78 Difference Between (A.) and (B.) 0.00 Balance Reconciliation Collateral Beginning Balance 38,720,061.02 Collateral Ending Balance 37,904,971.75 Change in Balance 815,089.27 Principal Collections 730,746.47 Liquidation Loss Amount 84,342.80 Additional Balances 0.00 Balance Check 0.00 Page Page 4 4 of 4