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


                                    FORM 10-K

[X]      Annual  report  pursuant  to  Section  13 or  15(d)  of the Securities
         Exchange   Act  of  1934  for the  fiscal year ended December 31, 2005

[ ]      Transition report pursuant to Section 13 or 15(d) of the
         Securities Exchange Act of 1934 for the transition period from   to


                        Commission File Number 333-120966-22

               CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.
             (Exact name of registrant as specified in its charter)

         Delaware                                            13-3320910
 State or other jurisdiction of                           (I.R.S. Employer
incorporation or organization                             Identification No.)

11 Madison Ave.
New York, New York                                             10010
(Address of Principal Executive Offices)                      (Zip Code)

       Registrant's telephone number, including area code :(212)325-2000

                    HOME EQUITY MORTGAGE TRUST SERIES 2005-3
          HOME EQUITY MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2005-3
            (Title of each class of securities covered by this Form)


Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as
defined in Rule 405 of the Securities Act.  Yes [ ]  No [X]

Indicate by check mark if the registrant is not required to file reports
pursuant to Section 13 or Section 15(d) of the Act.  Yes [  ]   No [X]

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark if disclosure of delinquent  filers  pursuant to Item 405
of Regulation  S-K (229.405 of this chapter) is not contained  herein,  and will
not be contained,  to the best of registrant's knowledge, in definitive proxy or
information  statements  incorporated by reference in Part III of this Form 10-K
or any amendment to this Form 10-K. [X]

Indicate by check mark whether the registrant is a large  accelerated  filer, an
accelerated  filer, or a  non-accelerated  filer. See definition of "accelerated
filer and large accelerated filer" in Rule 12-b-2 of the Exchange Act.

Large accelerated filer [ ]   Accelerated filer [ ]   Non-accelerated filer [X]

Indicate by check mark whether the  registrant is a shell company (as defined in
Exchange Act Rule 12b-2).    Yes  No [X]

State the aggregate market value of the voting and non-voting common equity held
by non-affiliates  computed by reference to the price at which the common equity
was last sold, or the average bid and asked price of such common  equity,  as of
the last business day of the registrant's most recently  completed second fiscal
quarter.   Not Applicable.

Indicate the number of shares outstanding of each of the registrant's
classes of common stock, as of the latest practicable date.  Not Applicable.

Documents incorporated by reference:  None


<PAGE>


PART I

Item 1.  Business.

         Not Applicable.

Item 1A. Risk Factors.

         Not Applicable.

Item 1B. Unresolved Staff Comments.

         None.

Item 2.  Properties.

         Not Applicable.

Item 3.  Legal Proceedings.

         The Registrant is not aware of any material legal proceeding with
         respect to the Registrant, the Servicer, or the Trustee, in each case
         if applicable, as related to the Trust.

Item 4.  Submission of Matters to a Vote of Security Holders.

         No matter was submitted to a vote or consent of Holders of the Offered
         Certificates during the fiscal year covered by this report.

PART II

Item 5. Market for Registrant's Common Equity,  Related Stockholder Matters
        and Issuer Purchases of Equity Securities.

        Currently, there is no established secondary market for the Certificates
        known to the Registrant. As of December 31, 2005, the number of holders
        of each class of offered certificates was 29 based on records provided
        by The Depository Trust Company.

Item 6.  Selected Financial Data.

         Not Applicable.

Item 7.  Management's Discussion and Analysis of Financial Condition and
         Results of Operation.

         Not Applicable.

Item 7A. Quantitative and Qualitative Disclosures About Market Risk.

         Not Applicable.

Item 8.  Financial Statements and Supplementary Data.

         Not Applicable.

Item 9.  Changes in and Disagreements with Accountants on Accounting and
         Financial Disclosure.

         There was no change of accountants or disagreement with accountants on
         any matter of accounting principles or practices or financial
         disclosure.

Item 9A. Controls and Procedures.

         Not Applicable.

Item 9B. Other Information.

         Not Applicable.

                                      -2-

<PAGE>

PART III

Item 10. Directors and Executive Officers of the Registrant.

         Not Applicable.

Item 11. Executive Compensation.

         Not Applicable.

Item 12. Security Ownership of Certain Beneficial Owners and Management and
         Related Stockholder Matters.

         Not Applicable.

Item 13. Certain Relationships and Related Transactions.

        No reportable transactions have occurred.

Item 14. Principal Accounting Fees and Services.

         Not Applicable.

PART IV

Item 15. Exhibits, Financial Statement Schedules.

(a) The following documents are filed as part of this report:

    (1)  Financial Statements:

         Not Applicable.

    (2)  Financial Statement Schedules:

         Not Applicable.

    (3)  Exhibits:

         Rule 13a-14(a)/15d-14(a) Certification, filed as 31.1 hereto.

         Wilshire Credit Corporation, as Servicer
         Report of Independent Registered Public Accounting Firm with Management
          Assertion and Annual Servicer's Statement as to Compliance filed as
          Exhibit 99.1 hereto.

         Ocwen Loan Servicing, LLC, as Servicer
         Report of Independent Registered Public Accounting Firm with Management
          Assertion and Annual Servicer's Statement as to Compliance filed as
          Exhibit 99.2 hereto.

         Select Portfolio Servicing, Inc., as Special Servicer
         Report of Independent Registered Public Accounting Firm with Management
           Assertion and Annual Servicer's Statement as to Compliance filed as
           Exhibit 99.3 hereto.

(b) Exhibits to this report are listed in Item (15)(a)(3)above.

(c) Not Applicable.


                                      -3-
<PAGE>


SIGNATURE

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.


By:        /s/  Bruce Kaiserman
           -----------------------------
Name:      Bruce Kaiserman

Title:     Vice President

Company:   CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.

Date:      March 28, 2006






                                      -4-
<PAGE>

SUPPLEMENTAL  INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION
15(D) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES PURSUANT TO
SECTION 12 OF THE ACT.

The  registrant  has not sent an annual report or proxy material to its security
holders.  The registrant  will not be sending an annual report or proxy material
to its security holders subsequent to the filing of this form.

                                      -5-
<PAGE>



                                 EXHIBIT INDEX

Exhibit     Description

31.1    Rule 13a-14(a)/15d-14(a) Certification

99.1    Wilshire Credit Corporation, as Servicer
        Report of Independent Registered Public Accounting Firm with
         Management Assertion and Annual Servicer's Statement as to Compliance

99.2    Ocwen Loan Servicing, LLC, as Servicer
        Report of Independent Registered Public Accounting Firm with
         Management Assertion and Annual Servicer's Statement as to Compliance

99.3    Select Portfolio Servicing, Inc., as Special Servicer
        Report of Independent Registered Public Accounting Firm with
         Management Assertion and Annual Servicer's Statement as to Compliance

                                      -6-

<PAGE>
                                  EXHIBIT 31.1
                 Annual Rule 13a-14(a)/15d-14(a) Certification


I, Bruce Kaiserman, 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 Credit
     Suisse First Boston Mortgage  Securities  Corp., Home Equity Mortgage Trust
     2005-3, Home Equity Mortgage Pass-Through Certificates, Series 2005-3;

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.   Based on my knowledge and upon the annual compliance  statement included in
     the report and required to be delivered to the trustee in  accordance  with
     the terms of the pooling and servicing agreement, or similar agreement, and
     except  as  disclosed  in the  reports,  the  servicer  has  fulfilled  its
     obligations under the servicing 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: each Servicer,  other than
Select Portfolio Servicing Inc., and the Trustee.

By:        /s/  Bruce Kaiserman
           -----------------------------
Name:      Bruce Kaiserman

Title:     Vice President

Company:   CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.

Date:      March 28, 2006


                                       -7-
<PAGE>


                                  EXHIBIT 99.1

                    Wilshire Credit Corporation, as Servicer
          Report of Independent Registered Public Accounting Firm with
                              Management Assertion
                  Annual Servicer's Statement as to Compliance
                                  -------------



                                                Deloitte & Touche LLP
                                                Suite 3900
                                                111 SW Fifth Avenue
                                                Portland, OR  97204-3642
                                                USA
                                                Tel: +1 503 222 1341
                                                Fax: +1 503 224 2172
                                                www.deloitte.com


REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors
Wilshire Credit Corporation:

We have examined management's assertion that Wilshire Credit Corporation, a
wholly owned subsidiary of Merrill Lynch Mortgage Capital Inc., a division of
Merrill Lynch & Co., New York, NY (the "Company"), has complied as of and for
the year ended December 31, 2005, with its established minimum servicing
standards described in the accompanying Management's Assertion on Minimum
Servicing Standards dated February 27, 2006. 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 conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants, as
adopted by the Public Company Accounting Oversight Board and accordingly,
included examining, on a test basis, evidence about the Company's
compliance with its 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 its 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, based on the criteria set
forth in Appendix I.

By:  /s/ Deloitte & Touche LLP
--------------------------

February 27, 2006

                                                                       Wilshire

                            MANAGEMENT'S ASSERTION ON
                           MINIMUM SERVICING STANDARDS


As of and for the year ended December 31, 2005, Wilshire Credit Corporation (the
"Company")  has  complied,   in  all  material  respects,   with  the  Company's
established  minimum servicing  standards for residential  mortgage loans as set
forth in Appendix I (the  "Standards").  The Standards are based on the Mortgage
Bankers  Association  of  America's  Uniform  Single  Attestation  Program  for
Mortgage Bankers.

As of and for this same period, the Company had in effect a fidelity bond in the
amount  of  $265,000,000  and an errors  and  omission  policy in the  amount of
$25,000,000.


By:  /s/ Jay Memmott
-------------------------------------------------
Jay Memmott, President and Chief Executive Officer
Wilshire Credit Corporation
Feb 27, 2006

By:  /s/ Russell Campbell
-------------------------------------------------
Russell Campbell, Chief Investment Officer
Wilshire Credit Corporation
Feb 27, 2006

By:  /s/ Ken Frye
-------------------------------------------------
Ken Frye, Senior Vice President
Wilshire Credit Corporation
Feb 27, 2006

                                      -8-
<page>
                                                                     APPENDIX I

MINIMUM SERVICING STANDARDS AS SET FORTH IN THE MORTGAGE BANKERS
ASSOCIATION OF AMERICA'S UNIFORM SINGLE ATTESTATION PROGRAM FOR
MORTGAGE BANKERS

I.   CUSTODIAL BANK ACCOUNTS

1.   Reconciliations shall be prepared on a monthly basis for all custodial bank
     accounts and related bank clearing accounts. These reconciliations shall:

      .  Be mathematically accurate

      .  Be prepared within forty-five (45) calendar days after the cutoff date

      .  Be reviewed and approved by someone other than the person who prepared
         the reconciliation

      .  Document explanations for reconciling items.  These reconciling items
         shall be resolved within ninety (90) calendar days of their original
         identification.

2.   Funds of the servicing  entity shall be advanced in cases where there is an
     overdraft in an investor's or a mortgagor's account.

3.   Each  custodial   account  shall  be  maintained  at  a  federally  insured
     depository institution in trust for the applicable investor.

4.   Escrow  funds  held in  trust  for a  mortgagor  shall be  returned  to the
     mortgagor within thirty (30) calendar days of payoff of the mortgage loan.

II.  MORTGAGE PAYMENTS

1.   Mortgage  payments  shall be deposited into the custodial bank accounts and
     related bank clearing accounts within two business days of receipt.

2.   Mortgage  payments made in accordance with the  mortgagor's  loan documents
     shall be posted to the  applicable  mortgagor  records  within two business
     days of receipt.

3.   Mortgage  payments  shall be allocated to principal,  interest,  insurance,
     taxes or  other  escrow  items in  accordance  with  the  mortgagor's  loan
     documents.

4.   Mortgage  payments  identified  as  loan  payoffs  shall  be  allocated  in
     accordance with the mortgagor's loan documents.

III. DISBURSEMENTS

1.   Disbursements  made via wire  transfer on behalf of a mortgagor or investor
     shall be made only by authorized personnel.

2.   Disbursements  made on behalf of a mortgagor  or  investor  shall be posted
     within  two  business  days  to  the  mortgagor's  or  investor's   records
     maintained by the servicing entity.

3.   Tax and  insurance  payments  shall be made on or  before  the  penalty  or
     insurance policy  expiration dates, as indicated on tax bills and insurance
     premium notices, respectively, provided that such support has been received
     by the  servicing  entity at least thirty (30) calendar days prior to these
     dates.

4.   Any late payment  penalties paid in conjunction with the payment of any tax
     bill or insurance premium notice shall be paid from the servicing  entity's
     funds and not charged to the mortgagor,  unless the late payment was due to
     the mortgagor's error or omission.

5.   Amounts  remitted to investors per the  servicer's  investor  reports shall
     agree with cancelled  checks,  or other form of payment,  or custodial bank
     statements.

6.   Unused checks shall be safeguarded so as to prevent unauthorized access.

IV.  INVESTOR ACCOUNTING AND REPORTING

     The servicing  entity's investor reports shall agree with, or reconcile to,
     investors'  records  on a monthly  basis as to the total  unpaid  principal
     balance and number of loans serviced by the servicing entity.

V.   MORTGAGOR LOAN ACCOUNTING

1.   The servicing entity's mortgage loan records shall agree with, or reconcile
     to, the records of mortgagors with respect to the unpaid principal  balance
     on a monthly basis.

2.   Adjustments  on ARM loans shall be computed  based on the related  mortgage
     note and any ARM rider.

3.   Escrow accounts shall be analyzed,  in accordance with the mortgagor's loan
     documents, on at least an annual basis.

4.   Interest on escrow  accounts  shall be paid, or credited,  to mortgagors in
     accordance with the applicable state laws.

VI.  DELINQUENCIES

1.   Records  documenting  collection  efforts  shall be  maintained  during the
     period a loan is in default  and shall be updated  at least  monthly.  Such
     records shall  describe the entity's  activities  in monitoring  delinquent
     loans  including,  for example,  phone calls,  letters and mortgage payment
     rescheduling  plans in cases  where the  delinquency  is  deemed  temporary
     (e.g., illness or unemployment).

VII. INSURANCE POLICIES

1.   A fidelity bond and errors and  omissions  policy shall be in effect on the
     servicing entity  throughout the reporting period in the amount of coverage
     represented to investors in management's assertion.


                                      -9-
<page>

                                     Wilshire Credit Corporation
                                     Payments
                                     P.O. Box 30040, Los Angeles, CA 90030-0040
                                     or P.O. Box 650314, Dallas, TX  75265-0314
                                     Correspondence
                                     P.O. Box 8517, Portland, OR  97207-8517
                                     Phone
                                     (503) 952-7947
                                     (888) 502-0100
                                     Fax
                                     (503) 952-7476
                                     Web Site
                                     www.wfsg.com

March 3, 2006

JPMorgan Chase Bank
4 New York Plaza
6th Floor
New York, NY  10004
Attn: Raideo Ram

Credit Suisse
11 Madison Avenue
4th Floor
New York, NY  10010
Attn:  Bruce Kaiserman

Re:  Pooling and Servicing Agreements as Described on Exhibit A.

                    Annual Servicing Officer's Certification

I, Jay H.  Memmott,  certify  to the  Trustee  and to the  Depositor  and  their
officers, directors and affiliates, and with the intent that they will rely upon
this certification, that:

I.   A review of the  activities of the Servicer  during the preceding  calendar
     year and of its performance  under the referenced  Servicing  Agreement has
     been made under my Supervision; and

II.  To the  best  of my  knowledge,  based  on the  review,  the  Servicer  has
     materially  fulfilled all of its obligations under the Servicing Agreements
     throughout  the year except as disclosed in writing on or prior to the date
     of this certification  either in the accountants' report required under the
     related Agreements or in disclosure a copy of which is attached hereto.

WILSHIRE CREDIT CORPORATION

By: /s/ Jay H. Memmott
--------------------------------------
Name:  Jay H. Memmott
Title: Chairman, President, & CEO



JPMORGAN CHASE TRUSTEE - CREDIT SUISSE

Pool   Description    Verbiage

378    CSFB HEMT 2005-1  Pooling and Servicing  Agreement  dated as of
                         February 1, 2005,  between Credit Suisse First Boston
                         Mortgage  Securities Corp., Depositor,  DLJ Mortgage
                         Capital,  Inc.,  Seller,  Wilshire Credit  Corporation,
                         Servicer, and JP Morgan Chase Bank, Trustee, for the
                         HEMT Trust Series 2005-1

390    CSFB HEMT 2005-2  Pooling and Servicing  Agreement  dated as of
                         March 1, 2005,  between Credit Suisse First Boston
                         Mortgage  Securities Corp., Depositor,  DLJ Mortgage
                         Capital,  Inc.,  Seller,  Wilshire Credit  Corporation,
                         Servicer, IndyMac Bank, F.S.B., Servicer and JPMorgan
                         Chase Bank, N.A., Trustee, for the HEMT Trust
                         Series 2005-2

409    CSFB HEMT 2005-3  Pooling and Servicing  Agreement  dated as of
                         July 1, 2005,  between Credit Suisse First Boston
                         Mortgage  Securities Corp., Depositor,  DLJ Mortgage
                         Capital,  Inc.,  Seller,  Wilshire Credit  Corporation,
                         Servicer, Ocwen Loan Servicing LLC, Servicer, Select
                         Portfolio Servicing, Special Servicer, and  JPMorgan
                         Chase Bank, N.A., Trustee, for the HEMT Trust
                         Series 2005-3

423    CSFB HEMT 2005-4  Pooling and Servicing  Agreement  dated as of
                         September 1, 2005,  between Credit Suisse First Boston
                         Mortgage  Securities Corp., Depositor,  DLJ Mortgage
                         Capital,  Inc.,  Seller,  Wilshire Credit  Corporation,
                         Servicer, Ocwen Loan Servicing LLC., Servicer,
                         Indymac Bank, F.S.B., Servicer, Select Portfolio
                         Servicing, Special Servicer, and JPMorgan Chase Bank,
                         N.A., Trustee, for the HEMT Trust Series 2005-4

                                      -10-
<page>



                                  EXHIBIT 99.2
                       Ocwen Loan Servicing, LLC, as Servicer
          Report of Independent Registered Public Accounting Firm with
                              Management Assertion
                  Annual Servicer's Statement as to Compliance
                              --------------------

                                                PricewaterhouseCoopers LLP
                                                222 Lakeview Avenue
                                                Suite 360
                                                West Palm Beach, FL 33401
                                                Telephone (561) 832-0038
                                                Facsimile (561) 805-8181


               Report of Independent Certified Public Accountants


To the Board of Directors of
Ocwen Loan Servicing, LLC

We have examined management's assertion that Ocwen Loan Servicing,  LLC ("OLS"),
as  successor  to Ocwen  Federal Bank FSB (the  "Bank"),  has complied  with the
minimum servicing  standards  identified in the Mortgage Bankers  Association of
America's  ("MBA'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  on  Compliance  with  USAP.  Management  is
responsible for OLS's  compliance with those minimum  servicing  standards.  Our
responsibility  is to express an opinion on  management's  assertion about OLS'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 OLS'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 OLS's compliance with the minimum servicing standards.

Our examination disclosed noncompliance with minimum servicing standards related
to  custodial  account   reconciliations  and  adjustments  on  adjustable  rate
mortgages  applicable  to OLS during the year ended  December  31, 2005 which is
described in the accompanying Management Assertion on Compliance with USAP.

In our opinion, management's assertion that OLS complied with the aforementioned
minimum  servicing  standards,  except for  noncompliance  as  described  in the
accompanying  Management  Assertion on  Compliance  with USAP, as of and for the
year ended December 31, 2005 is fairly stated, in all material respects.


/s/ PricewaterhouseCoopers LLP
------------------------------
PricewaterhouseCoopers LLP

February 27, 2006

                                     OCWEN

                  MANAGEMENT ASSERTION ON COMPLIANCE WITH USAP


February 27, 2006


As of and for the year  ended  December  31,  2005,  Ocwen Loan  Servicing,  LLC
("OLS"),  as  successor  to  Ocwen  Federal  Bank FSB (the  "Bank"),  except  as
specifically noted below, has complied in all material respects with the minimum
servicing  standards set forth in the Mortgage Bankers  Association of America's
("MBA's") Uniform Single Attestation Program for Mortgage Bankers ("USAP").

   .      Standard: Reconciliations shall be prepared on a monthly basis for all
          custodial bank  accounts and  related  bank  clearing  accounts. These
          reconciliations shall be mathematically accurate, be  prepared  within
          forty five  (45) calendar  days of  the cutoff date;  be reviewed and
          approved   by   someone  other   than  the  person  who  prepared the
          reconciliation; and document explanations for reconciling items. These
          reconciling items  shall be resolved  within ninety (90) calendar days
          of their original identification.

We have complied with all aspects of this standard with the exception of certain
reconciling  items which arose during the year ended  December 31, 2005 were not
cleared within 90 days of their original  identification.  All items  identified
were  subsequently  cleared within 6 months.  As of December 31, 2005, there was
exactly 1 reconciling  item totaling $431.07 that had not cleared within 90 days
of identification.

   .      Standard:  Adjustments  on ARM  loans  shall be  computed based on the
          related mortgage note and any ARM rider.

Certain ARM loans  serviced by OLS were  transferred  in with an incorrect  look
back date due to errors in prior servicer  records.  These certain loans had ARM
adjustments  shortly after  servicing  transfer,  but prior to OLS receiving the
related  mortgage  documents  from the prior  servicer.  When OLS  received  the
mortgage  documents  and these  errors were  identified,  OLS did not adjust the
principal and interest payment amount.  OLS has subsequently made adjustments to
their  procedures  when they identify an error in prior servicer data to analyze
the affect on the customer's account and make the appropriate adjustment.

As of and for this same period,  OLS had in effect a fidelity bond in the amount
of $20,000,000 and an errors and omissions policy in the amount of $5,000,000.



By: /s/ Ronald M. Faris                    By: /s/ Scott W. Anderson
--------------------------                 -------------------------
Ronald M. Faris                            Scott W. Anderson
President                                  Senior Vice President of
                                           Residential Assets



By: /s/ Brian J. LaForest                  By: /s/ Thomas Vickers
--------------------------                 -------------------------
Brian J. LaForest                          Thomas Vickers
Director of Investor Reporting             Director and Servicing Controller



                            Ocwen Loan Servicing, LLC
                            successor in interest to
                             Ocwen Federal Bank FSB
              Compliance Certification Year Ended December 31, 2005
                                CSFB HEMT 2005-3



The undersigned  Officer of Ocwen Loan  Servicing,  LLC successor in interest to
Ocwen Federal Bank FSB (the "Servicer") confirms that a review of the activities
of the Servicer  during the calendar year ending on December 31, 2005 and of the
performance of the Servicer under the Pooling and Servicing  Agreement  Dated as
of July 1, 2005 (the "Servicing Agreement") has been made under his supervision.
Except as noted on the Management Assertion on Compliance with USAP, to the best
of the undersigned  Officer's knowledge,  based on such review, the Servicer has
fulfilled all of its obligations as set forth in the Servicing Agreement.





By: /s/ Scott W. Anderson                      Dated: February 28, 2006
-------------------------
Scott W. Anderson, Senior Vice President


                                      -11-


<page>
                                  EXHIBIT 99.3
              Select Portfolio Servicing, Inc., as Special Servicer
          Report of Independent Registered Public Accounting Firm with
                              Management Assertion
                  Annual Servicer's Statement as to Compliance
                              --------------------

KPMG LLP                                              Telephone 312 665 1000
303 East Wacker Drive                                 Fax       312 665 6038
Chicago, IL 60601                                     Internet  www.us.kpmg.com



                         Independent Accountants' Report

To the Advisory Committee of Select Portfolio Servicing, Inc. and Subsidiaries,
an indirect subsidiary of Credit Suisse (USA), Inc.:

We have examined management's  assertion,  included in the accompanying Appendix
I, that Select Portfolio  Servicing,  Inc. and Subsidiaries ("the Company"),  an
indirect  subsidiary of Credit Suisse (USA),  Inc.  complied with the applicable
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 the  year  ended  December  31,  2005.  Management  is  responsible  for
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  specified above 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  servicing  standards  as of and for the year ended  December 31,
2005 is fairly stated, in all material respects.

By:  /s/ KPMG LLP
-----------------------
KPMG LLP
February 28, 2006




SPS SELECT
    Portfolio
    SERVICING, inc.


    Management's  Assertion on  Compliance with the  Specified Minimum Servicing
    Standards set forth in the Mortgage Bankers Association of America's Uniform
    Single Attestation Program for Mortgage Bankers (USAP)


                              Report of Management

    We  as  members  of  management of  Select  Portfolio  Servicing,  Inc.  and
    Subsidiaries (the "Company"), an indirect subsidiary of Credit Suisse (USA),
    Inc. are  responsible  for complying  with the  specified  minimum servicing
    standards as  set  forth in  the  Mortgage Bankers Association of  America's
    Uniform Single Attestation Program for  Mortgage Bankers (USAP). We are also
    responsible for establishing and maintaining effective internal control over
    compliance  with  these  specified  minimum  servicing  standards.  We  have
    performed  an  evaluation  of  the  Company's  compliance with the specified
    minimum servicing  standards as of and for the year ended December 31, 2005.
    Based  on  this  evaluation,  we assert that  as of and  for the  year ended
    December 31, 2005, the  Company complied, in all material respects, with the
    specified minimum servicing standards. As of and for the year ended December
    31, 2005, the Company had in effect  fidelity bond coverage in the amount of
    $25,000,000 and an errors and omissions policy in the amount of $10,000,000.

    Very truly yours,

    Select Portfolio Servicing, Inc. and Subsidiaries, an indirect subsidiary of
    Credit Suisse (USA) Inc.

    By: /s/ Matthew L. Hollingsworth             By: /s/ Bryan M. Marshall
        ----------------------------                 -----------------------
        Matthew L. Hollingsworth                     Bryan M. Marshall
        Chief Executive Officer                      Chief Financial Officer


    By:  /s/ Timothy J. O'Brien
         ------------------------------
         Timothy J. O'Brien
         Executive Vice President of Servicing
         Operations


     February 28, 2006

                                      -12-
<page>

SPS SELECT
    Portfolio
    SERVICING, inc.


       Agreement:   See Schedule of Agreements

       Dated:       See Attached Schedule


                       ANNUAL STATEMENT AS TO COMPLIANCE

In accordance  with the applicable  section in each of the Pooling and Servicing
Agreements specified:

       i.     a review of the  activities of the  Servicer during the year ended
              December 31, 2005 and of performance under this Agreement has been
              made under such officers' supervision; and
       ii.    to the best of such officers' knowledge, based on such review, the
              Servicer has fulfilled all of its obligations under this agreement
              throughout such year.

February 21, 2006

                            By:  /s/ Matthew L. Hollingsworth
                               ------------------------------
                               Matthew L. Hollingsworth
                               Chief Executive Officer
                               Select Portfolio Servicing, Inc.



                             Schedule of Agreements

Credit Suisse First Boston  Mortgage  Securities  Corp.,  Depositor DLJ Mortgage
Capital Inc.,  Seller,  Greenpoint  Mortgage Funding Inc.,  Seller and Servicer,
Washington Mutual Mortgage  Securities Corp.  Seller and Servicer,  Midwest Loan
Services Inc., Servicer and Bank Once, National  Association,  Trustee - Pooling
and Servicing  Agreement -  Mortgage-Backed  Pass-Through  Certificates,  Series
2001-4
2/1/2001

Credit Suisse First Boston Mortgage  Securities Corp.,  Depositor,  DLJ Mortgage
Capital  Inc.,  Seller,  PNC Mortgage  Securities  Corp.,  Seller and  Servicer,
Midwest Loan Services Inc., Servicer and Bank One, National Association, Trustee
- Pooling and Servicing  Agreement - Mortgage-Backed  Pass-Through  Certificates
Series 2001-1
1/1/2001

Credit Suisse First Boston Mortgage  Securities  Corp., Depositor,  DLJ Mortgage
Capital  Inc.,  Seller,  PNC Mortgage  Securities  Corp.,  Seller and  Servicer,
Midwest Loan Services Inc., Servicer and Bank One, National Association, Trustee
-  Pooling  and  Servicing   Agreement  -  CSFB   Mortgage-Backed   Pass-Through
Certificates Series 2001-2
1/1/2001

DLJ Mortgage Acceptance Corp., Depositor, DLJ Mortgage Capital Inc., Seller, PNC
Mortgage  Securities  Corp.,  Seller,  First  Nationwide  Mortgage  Corporation,
Servicer and Seller, Midwest Loan Services Inc., Servicer and Bank One, National
Association, Trustee - Pooling and Servicing Agreement - FNT Trust Series 2000-2
9/1/2000

Credit Suisse First Boston Mortgage  Securities  Corp., Depositor,  DLJ Mortgage
Capital  Inc.,  Seller,  Calmco  Servicing  L.P.,  Servicer,  Washington  Mutual
Mortgage  Securities  Corp.,  Seller and Servicer,  Greenpoint  Mortgage Funding
Inc.,  Seller and Servicer,  Midwest Loan Services Inc.,  Servicer and Bank One,
National   Association,   Trustee   -  Pooling   and   Servicing   Agreement   -
Mortgage-Backed Pass-Through Certificates Series 2001-9
3/1/2001

DLJ Mortgage  Acceptance Corp.,  Depositor,  DLJ Mortgage Capital Inc.,  Seller,
Greenpoint  Mortgage Funding Inc., Seller and Servicer,  PNC Mortgage Securities
Corp.,  Seller and Servicer,  Midwest Loan Services Inc., Servicer and Bank One,
National  Association,  Trustee - Pooling  and  Servicing  Agreement - FNT Trust
Series 2000-1
8/1/2000

DLJ Mortgage Acceptance Corp., Depositor,  PNC Mortgage Securities Corp., Seller
and Servicer,  Countrywide  Home Loans Inc.,  Seller and Servicer,  DLJ Mortgage
Capital Inc., Seller and Servicer,  Greenpoint Mortgage Funding Inc., Seller and
Servicer,  Suntrust Mortgage Inc., Seller and Servicer,  Cendant Mortgage Corp.,
Seller and Servicer and Bank One,  National  Association,  Trustee - Pooling and
Servicing Agreement - PNCMT Trust Series 2000-1
2/1/2000

Credit Suisse First Boston Mortgage  Securities  Corp.,  Depositor, DLJ Mortgage
Capital Inc.,  Seller,  RBMG,  Servicer,  Washington Mutual Mortgage  Securities
Corp.,  Servicer,  Vesta Servicing L.P.,  Servicer and Special Servicer and Bank
One, National Association,  Trustee - Pooling and Servicing Agreement - Mortgage
Pass-Through Certificates Series 2001-28
11/1/2001

Credit Suisse  First Boston  Mortgage Securities Corp.,  Depositor, DLJ Mortgage
Capital Inc., Seller,  Firstar Bank N.A.,  Seller, Greenpoint  Mortgage Funding
Inc., Washington Mutual Mortgage Securities  Corp., Sellers and Servicers, RBMG,
Inc., Servicer, Olympus Servicing L.P.,  Servicer and Special Servicer, and Bank
One, National Association, Trustee - Pooling and Servicing Agreement - Mortgage-
Backed Pass-Through Certificates Series 2001-33

Credit Suisse  First Boston  Mortgage  Securities Corp.,Depositor, DLJ  Mortgage
Capital Inc., Seller, Calmco Servicing L.P.,  Servicer and Special Servicer, Old
Kent Mortgage Company, Servicer, and The Chase Manhattan Bank, Trustee - Pooling
and  Servicing Agreement - Mortgage  Pass-Through Certificates,  Series 2001-HE8
2/1/2001

Credit Suisse First Boston Mortgage  Securities  Corp., Depositor,  DLJ Mortgage
Capital  Inc.,  Seller,  Greenpoint  Mortgage  Funding Inc.,  Washington  Mutual
Mortgage  Securities  Corp.,  Sellers and Servicers,  Chase  Manhattan  Mortgage
Corporation,  Master  Servicer,  Olympus  Servicing  L.P.,  Servicer and Special
Servicer and JPMorgan  Chase Bank,  Trustee - Pooling and Servicing  Agreement -
Mortgage-Backed Pass-through Certificates Series 2002-7
2/1/2002

Credit Suisse First Boston Mortgage  Securities  Corp., Depositor,  DLJ Mortgage
Capital  Inc.,  Seller,  Wilshire  Credit  Corporation,   Servicer,  Ocwen  Loan
Servicing,  LLC, Servicer,  Select Portfolio Servicing,  Inc., Special Servicer,
and JPMorgan Chase Bank, N.A., Trustee - Pooling and Servicing  Agreement - Home
Equity  Mortgage  Trust  Series  2005-3,   Home  Equity  Mortgage   Pass-through
Certificates, Series 2005-3
7/1/2005

Credit Suisse First Boston Mortgage  Securities  Corp., Depositor,  DLJ Mortgage
Capital  Inc.,  Seller,  Wilshire  Credit  Corporation,  Servicer,  Ocwen  Loan
Servicing,  LLC,  Servicer,  IndyMac Bank,  F.S.B., Servicer,  Select Portfolio
Servicing,  Inc.,  Special Servicer,  and JPMorgan Chase Bank, N.A.,  Trustee -
Pooling and Servicing Agreement - Home Equity Mortgage Trust Series 2005-4, Home
Equity Mortgage Pass-through Certificates, Series 2005-4
9/1/2005

                                      -13-