Item 1. Business.
Not applicable.
Item 1A.
Item 1A. Risk Factors.
Not applicable.
Item 1B.
Item 1B. Unresolved Staff Comments.
Not applicable.
Item 2.
Item 2. Properties.
Not applicable.
Item 3.
Item 3. Legal Proceedings.
The registrant knows of no material pending legal proceedings involving the trust created under the Pooling and Servicing Agreement (the Trust), the Trustee, the Servicer or the registrant with respect to the Trust other than routine litigation incidental to the duties of the respective parties.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders.
None.
PART II
Item 5.
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
No established public trading market for the Certificates exists.
Records provided to the Trust by the DTC and the Trustee indicate that as of December 31, 2005, the total number of holders of record for the Series of Certificates is 19.
Item 6.
Item 6. Selected Financial Data.
Not applicable.
Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operation.
Not applicable.
Item 7A.
Item 7A. Quantitative and Qualitative Disclosures about Market Risk.
Not applicable.
Item 8.
Item 8. Financial Statements and Supplementary Data.
Not applicable.
Item 9.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
None.
Item 9A.
Item 9A. Controls and Procedures. Not applicable.
Item 9B.
Item 9B. Other Information.
None.
PART III
Item 10.
Item 10. Directors and Executive Officers of the Registrant.
Not applicable.
Item 11.
Item 11. Executive Compensation.
Not applicable.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
Not applicable.
Item 13.
Item 13. Certain Relationships and Related Transactions.
Not applicable.
Item 14.
Item 14. Principal Accounting Fees and Services.
Not applicable.
PART IV
Item 15.
Item 15. Exhibits, Financial Statement Schedules.
(a) Exhibits
(31.1) Rule 13a-14(a)/15d-14(a) Certification
(99.1) Annual Independent Accountants' Servicing Reports concerning servicing activities.
(99.2) Report of Management as to Compliance with Minimum Servicing Standards.
(99.3) Annual Statements of Compliance under the Pooling and Servicing Agreements.
(99.4) Aggregate Statement of Principal and Interest Distributions to Certificate Holders.
(b) Not applicable.
(c) Omitted.
Filed herewith.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized:
Irwin Whole Loan Home Equity Trust Home Equity Loan-Backed Notes Series 2005-A (Registrant)
Signed: Irwin Union Bank and Trust as Master Servicer
By: Dan Kuster, Vice President of Finance - Home Equity Lending
By: /s/ Dan Kuster, Vice President of Finance - Home Equity Lending
Dated: March 28, 2006
Exhibit Index
Exhibit No.
Ex-31.1 Rule 13a-14(a)/15d-14(a) Certification
I, Dan Kuster, Vice President of Finance - Home Equity Lending, certify that:
1. I have reviewed this annual report on Form 10-K, and all reports on Form 8-K containing distribution or servicing reports filed in respect of periods included in the year covered by this annual report, of Irwin Whole Loan Home Equity Trust 2005-A Home Equity Loan-Backed Notes, Series 2005-A Trust;
2. Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by this annual report;
3. Based on my knowledge, the distribution or servicing information required to be provided to the Trustee by the Servicer under the Pooling and Servicing or similar, agreement, for inclusion in these reports is included in these reports;
4. I am responsible for reviewing the activities performed by the master servicer under the pooling and servicing, or similar, agreement, and based on upon my knowledge and the annual compliance review required under that agreement, and except as disclosed in the reports, the master servicer has fulfilled its obligations under that agreement; and
5. The reports disclose all significant deficiencies relating to the servicer's compliance with the minimum servicing standards based upon the report provided by an independent public accountant, after conducting a review in compliance with the Uniform Single Attestation Program for Mortgage Bankers or similar procedure, as set forth in the pooling and servicing, or similar, agreement, that is included in these reports.
In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties: Wells Fargo Bank, N.A. as Trustee.
Date: March 28, 2006
/s/ Dan Kuster Signature
Vice President of Finance - Home Equity Lending Title
EX-99.1 (logo)PRICEWATERHOUSECOOPERS
PricewaterhouseCoopers LLP PricewaterhouseCoopers Center 300 Madison Avenue New York NY 10017 Telephone (646) 471 3000 Facsimile (813) 286 6000
Report of Independent Auditors
To the Board of Directors of Irwin Home Equity:
We have examined management's assertion about Irwin Home Equity's compliance with the minimum servicing standards identified in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP") as of and for the year ended December 31, 2005, included in the accompanying management assertion. Management is responsible for the Company's compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the Company's compliance based on our examination.
Our examination was made in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the minimum servicing standards and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with the minimum servicing standards.
In our opinion, management's assertion that the Company complied with the aforementioned minimum servicing standards as of and for the year ended December 31, 2005, is fairly stated, in all material respects.
/s/ PricewaterhouseCoopers LLP February 28, 2006
EX-99.2 Irwin Home Equity 12677 Alcosta Blvd. Suite 500 San Ramon CA 94583-4427 925.277.2001 925.277.0481 Fax
(logo)Irwin Home Equity
Management's Assertion Concerning Compliance with USAP Minimum Servicing Standards
As of and for the year ended December 31, 2005, Irwin Home Equity Corporation (the "Company") a majority owned subsidiary of Irwin Union Bank and Trust Company has complied in all material respects with the minimum servicing standards as set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP").
As of and for this same period the Company had in effect a fidelity bond and errors and omissions policy in the amounts of S35,000,000 and 520,000,000 respectively.
/s/ Jocelyn Martin-Leano 3/1/06 Jocelyn Martin-Leano Interim President
/s/Dan Kuster 3/1/06 Dan Kuster Vice President, Finance
an Irwin Financial Company
EX-99.3 OFFICER'S CERTIFICATE OF THE MASTER SERVICER RE: ANNUAL STATEMENT AS TO COMPLIANCE
The undersigned, a duly authorized representative of Irwin Union Bank and Trust Company as Seller and Master Servicer ("Master Servicer") pursuant to the Sale and Servicing Agreement dated as of January 1, 2005, by and among Bear Stearns Asset Backed Securities, Inc., as Depositor, Irwin Union Bank and Trust Company, as Seller and as Master Servicer, Irwin Whole Loan Home Equity Loan Trust 2005-A, as Issuer, and Wells Fargo Bank, National Association, as Indenture Trustee (as such agreement may be amended, supplemented or otherwise modified from time to time, the "Sale and Servicing Agreement"), does hereby certify as follows:
A. Capitalized terms used in this Certificate have their respective meanings set forth in the Sale and Servicing Agreement. References herein to certain Sections and Subsections are references to the respective Sections and Subsections of the Sale and Servicing Agreement.
B. This Certificate is being delivered pursuant to Section 3.14 of the Sale and Servicing Agreement.
C. The Master Servicer is the Master Servicer under the Sale and Servicing Agreement.
D. The undersigned is a duly authorized officer of the Master Servicer.
E. A review of the activities of the Master Servicer during the 2005 fiscal year and of its performance under the Sale and Servicing Agreement has been made under my supervision.
F. To the best of my knowledge, based on the above-mentioned review, the Master Servicer has fulfilled all of its obligations under the Sale and Servicing Agreement and any applicable Supplements throughout the 2005 fiscal year.
IN WITNESS WHEREOF, the Master Servicer has caused this Certificate to be executed and delivered on its behalf by its duly authorized officers on this 7th day of March 2006.
IRWIN UNION BANK AND TRUST COMPANY
Attest: /s/ Suzanne Mercier Suzanne Mercier Assistant Secretary - Home Equity Lending
By: /s/ Jocelyn Martin-Leano Jocelyn Martin-Leano Senior Vice President - Home Equity Lending
Ex-99.4
Schedule of Year-To-Date Principal and Interest Distributions to Certificateholders