**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 |
|---|-----------------------------------------------------------------------------------------------------------------------------------|

**December      31**
**2005**

| o | TRANSITION                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                ACT OF                1934 |
|---|---------------------------------------------------------------------------------------------------------------------------------------|

**333-115371-11**

**POPULAR      ABS, INC.**

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**(as      depositor under a certain Pooling and Servicing Agreement dated as of November      1, 2005, **

**providing      for the issuance of Mortgage Pass-Through Certificates, Series      2005-D)**

|  **Delaware**                                                                                  |   |  **52-2029487**                                              |
|-----------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------|
| (State                or other jurisdiction ofincorporation                or organization)         |   | (I.R.S.                EmployerIdentification                No.) |
|                                                                                                |   |                                                              |
| **103                Springer Building, 3411 Silverside Road, Wilmington,                Delaware** |   |  **19803**                                                   |
| (Address                of principal executive offices)                                             |   | (Zip                Code)                                         |

**(302)      478-6160**

**None**

**None**

***      The closing date for the transaction was November 30,      2005.**

**Not      applicable**

**Not      applicable**

**Not      applicable**

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**PART      I**

**ITEM      1. BUSINESS**

**ITEM      1A. RISK FACTORS**

**ITEM      1B. UNRESOLVED STAFF COMMENTS**

**ITEM      2. PROPERTIES**

**ITEM      3. LEGAL PROCEEDINGS**

** **

**ITEM      4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS**

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**PART      II**

**ITEM      5. MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER      MATTERS**

| (a) | No                established public trading market for the Certificates                exists. |
|-----|-------------------------------------------------------------------------------------------------|

| (b) | As                of December 31, 2005, the number of holders of record of the publicly                offered Certificates was 32. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------|

| (c) | Omitted                pursuant to the No-Action Letter. |
|-----|----------------------------------------------------------|

**ITEM      6. SELECTED CONSOLIDATED FINANCIAL DATA**

**ITEM      7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF      OPERATIONS**

**ITEM      7A. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET      RISK**

**ITEM      8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA**

**ITEM      9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL      DISCLOSURE.**

**ITEM      9A. CONTROLS AND PROCEDURES**

**ITEM      9B. OTHER INFORMATION**

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**PART      III**

**ITEM      10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT**

**ITEM      11. EXECUTIVE COMPENSATION**

**ITEM      12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED      STOCK HOLDER MATTERS**

| (a) | Not                applicable. |
|-----|--------------------------------|

| (b) | Not                applicable. |
|-----|--------------------------------|

| (c) | Not                applicable. |
|-----|--------------------------------|

**ITEM      13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS**

| (a) | Not                applicable. |
|-----|--------------------------------|

| (b) | Not                applicable. |
|-----|--------------------------------|

| (c) | None |
|-----|------|

| (d) | None |
|-----|------|

**ITEM      14. PRINCIPAL ACCOUNTING FEES AND SERVICES.**

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**PART      IV**

**ITEM      15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM      8-K**

| (a) | Exhibits |
|-----|----------|

|   | 31.1 | Certification                pursuant to Securities Exchange Act Rules 13a-14 and 15d-14 as adopted                pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 99.1 | Annual                Independent Accountants’ Servicing Report concerning servicing activities                under the Pooling and Servicing Agreement for the Servicer’s fiscal year                ended November 30, 2005, in accordance with the No-Action Letter. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 99.2 | Annual                Statement of Compliance under the Pooling and Servicing Agreement                for the                Servicer’s fiscal year ended November 30, 2005, in accordance with the                No-Action Letter. |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 99.3 | Aggregate                Statement of Principal and Interest Distributions to Certificateholders. |
|--------|------|---------------------------------------------------------------------------------------------------|

| (b) | See                Item 15(a) above. |
|-----|--------------------------------------|

| (c) | Omitted                pursuant to the No-Action Letter. |
|-----|----------------------------------------------------------|

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**SIGNATURES**

|                                   |                                                                   |                                   |
|----------------------------------------|------------------------------------------------------------------------|----------------------------------------|
|                                   | POPULAR                ABS, INC.,on                behalf of the Trust |
|                              |                                                              |                              |
| Date: March              13, 2006 | By:                                                          | /s/ James              H. Jenkins |
|                                   | James              H. Jenkins, Executive Vice President and CFO        |
|                                   |                                                                   |

| (a)(1) |   | No              annual report is provided to the Certificateholders other than with              respect to aggregate principal and interest distributions.                                                                        |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                               |
| (a)(2) |   | No              proxy statement, form of proxy or other proxy soliciting material has              been              sent to any Certificateholder with respect to any annual or other meeting              of Certificateholders. |

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**INDEX      TO EXHIBITS**

| Exhibit                  Number |   | Description                                                                                                                                                                                                                                                                                         |
|---------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                            |   |                                                                                                                                                                                                                                                                                                |
| 31.1                            |   | Certification                  pursuant to Securities Exchange Act Rules 13a-14 and 15d-14 as                  adopted                  pursuant to Section 302 of the Sarbanes-Oxley Act of                  2002.                                                                                 |
|                            |   |                                                                                                                                                                                                                                                                                                |
| 99.1                            |   | Annual                Independent Accountants’ Servicing Report concerning servicing activities                under the Pooling and Servicing Agreement for the Servicer’s fiscal year                ended November 30, 2005, in accordance with the No-Action                Letter. |
|                            |   |                                                                                                                                                                                                                                                                                                |
| 99.2                            |   | Annual                Statement of Compliance under the Pooling and Servicing Agreement                for the                Servicer’s fiscal year ended November 30, 2005, in accordance with the                No-Action Letter.                                                         |
|                            |   |                                                                                                                                                                                                                                                                                                |
| 99.3                            |   | Aggregate                  Statement of Principal and Interest Distributions to                  Certificateholders.                                                                                                                                                                                |

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