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

                                   FORM 10-K

(Mark One)

[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
                                      -----------------

                                      or

[  ]       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: 333-121378-02
                                                             -------------


                CWHEQ Revolving Home Equity Loan Trust 2005-B,
         Revolving Home Equity Loan Asset Backed Notes, Series 2005-B
         ------------------------------------------------------------
            (Exact name of Registrant as specified in its charter)


              Delaware                                   87-0698310
------------------------------------       -------------------------------------
(State or other jurisdiction of            (I.R.S. Employer Identification No.)
incorporation or organization)

c/o      Countrywide Home Loans, Inc.
         4500 Park Granada
         Calabasas, California                             91302
----------------------------------------   -------------------------------------
(Address of principal executive offices)                (Zip Code)

Registrant's telephone number, including area code:   (818) 225-3000
                                                      --------------

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

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



<PAGE>


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

    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 [X] No

    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. [X] Yes [ ] No

    Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K (ss.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 12b-2 of the Exchange
Act. (Check one):

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

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

    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


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<PAGE>


                      DOCUMENTS INCORPORATED BY REFERENCE

                                     None.

                                     * * *


     This Annual Report on Form 10-K (the "Report") is filed with respect to
the CWHEQ Revolving Home Equity Loan Trust, Series 2005-B (the "Trust"), a
statutory trust formed under the laws of the State of Delaware pursuant to the
trust agreement dated as of March 22, 2005 (the "Trust Agreement")
between CWHEQ, Inc., as depositor (the "Company"), and Wilmington Trust
Company, as owner trustee (the "Owner Trustee"), for the issuance of CWHEQ
Revolving Home Equity Loan Asset Backed Notes, Series 2005-B (the "Notes"),
issued pursuant to an Indenture, dated March 30, 2005 (the "Indenture"),
between the Trust and JPMorgan Chase Bank, N.A., as indenture trustee (the
"Trustee"). The assets of the Trust are comprised of assets sold to the Trust
pursuant to a sale and servicing agreement, dated March 30, 2005 (the
"Sale and Servicing Agreement") among the Company, as depositor, Countrywide
Home Loans, Inc., as sponsor and master servicer (the "Master Servicer"), the
Trust and the Trustee, as indenture trustee. Certain information otherwise
required to be included in this Report by the Instructions to Form 10-K has
been omitted in reliance on the relief granted by the Commission to other
companies in similar circumstances, in particular, the relief granted in
CWMBS, Inc. (February 3, 1994) (collectively, the "Relief Letters").






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<PAGE>



                                    PART I


Item 1.    Business.

           Not applicable.  See the Relief Letters.

Item 1A.   Risk Factors.

           Not applicable.

Item 1B.   Unresolved Staff Comments.

           None.

Item 2.    Properties.

           Not applicable.  See the Relief Letters.

Item 3.    Legal Proceedings.

           There were no material pending legal proceedings relating to the
           Trust to which any of the Trust, the Trustee, the Owner Trustee,
           the Master Servicer or the Company was a party or of which any of
           their respective properties was the subject during the fiscal year
           covered by this Report other than ordinary routine litigation
           incidental to the duties of the Trust, the Trustee, the Owner
           Trustee, the Master Servicer or the Company, nor is the Company
           aware of any such proceedings contemplated by governmental
           authorities.

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

           No matter was submitted to a vote of Noteholders, and no Noteholder
           consent was solicited during the fiscal year covered by this
           Report.




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<PAGE>



                                                    PART II


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

           (a) Item 201 of Regulation S-K:

              i.   Market Information. There is no established public trading
                   market for the Notes.

              ii.  Holders. As of December 31, 2005 there were less than 300
                   holders of record of the Notes.

              iii. Dividends. Not applicable. See the Relief Letters.
                   (Information as to distributions to Noteholders is
                   provided in the Registrant's monthly filings on Form 8-K.)

              iv.  Securities Authorized for Issuance Under Equity
                   Compensation Plans. Not applicable.

                Item 701 of Regulation S-K. Not applicable.

           (b) Rule 463 of the Securities Act of 1933. Not applicable.

           (c) Item 703 of Regulation S-K. Not applicable as the Registrant
               has no class of equity securities registered pursuant to
               section 12 of the Securities Exchange Act of 1934.

Item 6.    Selected Financial Data.

           Not applicable.  See the Relief Letters.

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

           Not applicable. See the Relief Letters.

Item 7A    Quantitative and Qualitative Disclosures about Market Risk.

           Not applicable.

Item 8.    Financial Statements and Supplementary Data.

           Not applicable. See the Relief Letters.


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<PAGE>


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

           None.

Item 9A.   Controls and Procedures.

           Not applicable.


Item 9B. Other Information.

           None.



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<PAGE>



                                   PART III


Item 10.   Directors and Executive Officers of the Registrant.

           Not applicable. See the Relief Letters.

Item 11.   Executive Compensation.

           Not applicable. See the Relief Letters.

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

           Information required by Item 201(d) of Regulation S-K: Not
           applicable.

           Information required by Item 403 of Regulation S-K:

           (a) Not applicable. See the Relief Letters.

           (b) Not applicable. See the Relief Letters.

           (c) Not applicable. See the Relief Letters.

Item 13.   Certain Relationships and Related Transactions.

           Not applicable. See the Relief Letters.

Item 14.   Principal Accounting Fees and Services.

           Not applicable.




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<PAGE>



                                    PART IV


Item 15.   Exhibits and Financial Statement Schedules.

           (a)    (1)      Pursuant to the Sale and Servicing Agreement, the
                           Master Servicer is required (i) to deliver an
                           annual statement as to compliance with the
                           provisions of the Sale and Servicing Agreement and
                           certain other matters (the "Annual Statement of the
                           Master Servicer") and (ii) to cause a firm of
                           independent public accountants to deliver an annual
                           report as to compliance with the servicing
                           provisions of the Sale and Servicing Agreement (the
                           "Annual Report of the Firm of Accountants"). The
                           Annual Statement of the Master Servicer is attached
                           as Exhibit 99.1 to this Report. The Annual Report
                           of the Firm of Accountants is attached as Exhibit
                           99.2 to this Report. See Relief Letters.

                  (2)      Not applicable.

                  (3)      The required exhibits are as follows:

                           o        Exhibit 3(i): Copy of Company's
                                    Certificate of Incorporation (Filed as an
                                    Exhibit to Registration Statement on Form
                                    S-3 (File No. 333-121378)).

                           o        Exhibit 3(ii): Copy of Company's By-laws
                                    (Filed as an Exhibit to Registration
                                    Statement on Form S-3 (File No.
                                    333-121378)).

                           o        Exhibit 4(i): Sale and Servicing Agreement
                                    (Filed as part of the Registrant's Current
                                    Report on Form 8-K filed on April 13,
                                    2005).

                           o        Exhibit 4(ii): Indenture (Filed as part of
                                    the Registrant's Current Report on Form
                                    8-K filed on April 13, 2005).

                           o        Exhibit 31: Rule 15d-14(a) Certification.

                           o        Exhibit 99.1: Annual Statement of the
                                    Master Servicer.

                           o        Exhibit 99.2: Annual Report of the Firm of
                                    Accountants.

                           o        Exhibit 99.3: Audited Financial Statements
                                    of Financial Guaranty Insurance Company
                                    and subsidiaries.

                           o        Exhibit 99.5: Trust Agreement (Filed as
                                    part of the Registrant's Current Report on
                                    Form 8-K filed on April 13, 2005).



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<PAGE>

                  (b) See subparagraph (a)(3) above.

                  (c) Not applicable. See the Relief Letters.



                                      9
<PAGE>



                                  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.


                               CWHEQ, INC., REVOLVING HOME EQUITY LOAN TRUST,
                               SERIES 2005-B, REVOLVING HOME EQUITY LOAN ASSET
                               BACKED NOTES, SERIES 2005-B

                               By:      Countrywide Home Loans, Inc.,
                                        as Master Servicer*




                               By:      /s/ Craig Baingo
                                        ------------------------
                                        Name:  Craig Baingo
                                        Title:    Executive Vice President,
                                                  Finance

                               Date:    March 24, 2006









____________________

*    This Report is being filed by the Master Servicer on behalf of the Trust.
     The Trust does not have any officers or directors.




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<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.

     No such annual report, proxy statement, form of proxy or other soliciting
material has been, or will be, sent to Noteholders. See the Relief Letters.





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<PAGE>






                                 EXHIBIT INDEX



Exhibit           Document
-------           --------


3(i)              Company's Certificate of Incorporation (Filed as an Exhibit
                  to Registration Statement on Form S-3 (File No.
                  333-121378))*

3(ii)             Company's By-laws (Filed as an Exhibit to Registration
                  Statement on Form S-3 (File No. 333-121378))*

4(i)              Sale and Servicing Agreement (Filed as part of the Company's
                  Current Report on Form 8-K filed on April 13, 2005)*

4(ii)             Indenture (Filed as part of the Company's Current Report on
                  Form 8-K filed on April 13, 2005)*

31                Rule 15d-14(a) Certification

99.1              Annual Statement of the Master Servicer

99.2              Annual Report of the Firm of Accountants

99.3              Audited financial statements for the year ended December 31,
                  2005 for Financial Guaranty Insurance Company and
                  subsidiaries

99.5              Trust Agreement (Filed as part of the Registrant's Current
                  Report on Form 8-K filed on April 13, 2005)*






_______________

*        Incorporated herein by reference.



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