NAAC Alternative Loan Trust, Series 2005 - AR1
Not Applicable.
Not Applicable.
Not Applicable.
Not Applicable.
The  Registrant  knows of no material  pending legal  proceedings          involving the trust created  under the Pooling and Servicing Agreement,          the  Trustee,  any Servicer  or the  Registrant  with  respect  to the          trust other than routine litigation incidental to the duties of the          respective parties.
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
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 30 based          on records provided by The Depository Trust Company.
Not Applicable.
Not Applicable.
Not Applicable.
Not Applicable.
None.
Not Applicable.
None.                                        -2-    PART III
Not Applicable.
Not Applicable.
Not Applicable.
Not Applicable.
Not applicable.  PART IV
(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.           Report of Independent Registered Public Accounting Firm, filed as          Exhibit 99.1 hereto.           Report of Management as to Compliance with Minimum Servicing Standards,          filed as Exhibit 99.2 hereto.           Annual Statement as to Compliance, filed as Exhibit 99.3 hereto.  (b)  The exhibits required to be filed by Registrant pursuant to Item 601 of      Regulation S-K are listed above and in the Exhibit Index that immediately      follows the signature page hereof.  (c)  Not Applicable.                                         -3-      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.                                    NOMURA ASSET ACCEPTANCE CORP.                                   By: /s/  N. Dante LaRocca                                     -----------------------------                                Name:  N. Dante LaRocca                               Title:  Attorney-in-Fact and Agency                                Date:  March 29, 2006                                         -4-  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-                                     EXHIBIT INDEX  Exhibit Description  31.1    Rule 13a-14(a)/15d-14(a) Certification  99.1    Report of Independent Registered Public Accounting Firm         with Management Assertion          GMAC Mortgage Corporation         Wells Fargo Bank, N.A.  99.2    Report of Management as to Compliance with Minimum Servicing Standards          GMAC Mortgage Corporation         Wells Fargo Bank, N.A.  99.3    Annual Statement as to Compliance          GMAC Mortgage Corporation         Wells Fargo Bank, N.A.                                          -6-                                     EXHIBIT 31.1                      Rule 13a-14(a)/15d-14(a) Certification                                     CERTIFICATION                      Alternative Loan Trust Series 2005-AR1                Mortgage Pass-Through Certificates, Series 2005-AR1                    I, N. Dante LaRocca, certify that:  1.   I have reviewed  this annual  report on Form 10-K,  and all reports on Form      8-K  containing  distribution  and  servicing  reports  filed in respect of      periods  included in the year  covered by this annual  report,  Alternative      Loan Trust  Series  2005-AR1  Mortgage  Pass-Through  Certificates,  Series      2004-AR1 (the "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 information required to be prepared      by the Trustee based upon the servicing information required to be provided      by each Servicer  under the Pooling and Servicing  Agreement is included in      these reports;  4.   Based on my knowledge and upon the annual compliance statements included in      the report and required to be delivered to the Trustee in  accordance  with      the terms of the Pooling and Servicing  Agreement and based upon the review      required under the Pooling and Servicing Agreement, and except as disclosed      in the report,  each  Servicer  has  fulfilled  its  obligations  under the      Pooling and Servicing Agreement; and  5.   The  reports  disclose  all  significant   deficiencies  relating  to  each      Servicer's  compliance with the minimum servicing  standards based, in each      case, 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  standard  as set forth in the      Pooling and Servicing 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: GMAC Mortgage Corporation and Wells Fargo Bank,  N.A. as  servicers,  and JPMorgan  Chase Bank,  N.A.,  as trustee.  Dated:  March 29, 2006  By: /s/ N. Dante LaRocca     -------------------------------------     N. Dante LaRocca     Attorney-in-Fact and Agency     Nomura Asset Acceptance Corp.                                         -7-                                       EXHIBIT 99.1             Report of Independent Registered Public Accounting Firm                             with Management Assertion                                  ---------------                                           PricewaterhouseCoopers LLP                                         PricewaterhouseCoopers Center                                         300 Madison Avenue                                         New York NY 10017                                         Telephone (646) 741 3000                                         Facsimile (813) 286 6000                         Report of Independent Accountants  To the Board of Directors and Shareholder of GMAC Mortgage Corporation:  We have examined management's  assertion about GMAC Mortgage Corporation and its subsidiaries  (the "Company")  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 (see Exhibit I).  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  performed  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  -------------------------------   March 21, 2006                                        -8-    KPMG LLP 2500 Ruan Center 666 Grand Avenue Des Moines, IA  50309                           Independent Accountants' Report   The Board of Directors Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A.:  We have examined management's assertion,  included in the accompanying Assertion of Management of Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A. (the Company),  that the Company complied with the minimum  servicing  standards 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 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  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 minimum servicing standards as of and for the year ended December 31, 2005, is fairly stated, in all material respects.   /s/  KPMG LLP - -------------------- February 21, 2006                                        -9-                                       EXHIBIT 99.2      Report of Management as to Compliance with Minimum Servicing Standards                                 -----------------   GMAC Mortgage                                                                 Exhibit I                     Management's Assertion Concerning Compliance                      with USAP Minimum Servicing Standards  March 21, 2006  As of and for the year ended December 31, 2005,  GMAC Mortgage  Corporation  and its subsidiaries (the "Company") have complied in all material respects with the minimum  servicing  standards 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  policies in the amounts of $350,000,000 and  $100,000,000, respectively.    /s/ Jim Hillsman  -------------------  Jim Hillsman  Chief Operating Officer  GMAC Residential Holding Corp   /s/ Dave Bricker  -------------------  Dave Bricker  Chief Financial Officer  GMAC Residential Holding Corp   /s/ Tony Renzi  -------------------  Tony Renzi  Executive Vice President,  National Servicing Administration  GMAC Residential Holding Corp                                        -10-    Wells Fargo Home Mortgage                                   1 Home Campus                                                             Des Moines, IA 50328               Assertion of Management of Wells Fargo Home Mortgage,                       a division of Wells Fargo Bank, N.A.  As of  and for  the year ended  December 31, 2005,  Wells Fargo Home Mortgage, a division of Wells Fargo Bank,  N.A.  (the  Company) has complied in all material respects with the minimum servicing  standards set forth in 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 along with an errors  and  omissions  policy in the  amount  of $100  million  and $20 million, respectively.        /s/ Michael J. Heid                                February 21, 2006   --------------------------   Michael J. Heid, Division President, Capital Markets, Finance & Administration   Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A.       /s/ Franklin R. Codel                              February 21, 2006   --------------------------   Franklin R. Codel, Executive Vice President, Finance and Corporate Real Estate   Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A.       /s/ Mary Coffin                                    February 21, 2006   --------------------------   Mary Coffin, Executive Vice President, Servicing & Post Closing   Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A.       /s/ Cara K. Heiden                                 February 21, 2006   --------------------------   Cara K. Heiden, Division President, Nat'l Consumer & Institutional Lending   Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A.                                        -10-                                       EXHIBIT 99.3                         Annual Statement as to Compliance                                -------------------  February 28, 2006  NOMURA NAAC 2005-AR1 ANDREW COOPER c/o JPMORGAN CHASE BANK, N.A. 4 NEW YORK PLAZA - 6TH FLOOR NEW YORK, NY  10004  RE:  Annual Officers Statement of Compliance      Year Ending 2005      GMACM Investor Agreement #41233  GMAC Mortgage Corporation ("GMACM") hereby certifies to the best of our knowledge and belief, that for the calendar year 2005:  1.   A  review  of the  activities  of the  Seller/Servicer  and of  performance      according  to  the   Seller/Servicer   contract  has  been  made under such      undersigned Officer's supervision. 2.   To the  best of the  undersigned  Officer's  knowledge,  and  based on such      review, the  Seller/Servicer  has fulfilled all its  obligations  under the      Guides for such year. 3.   GMACM is currently an approved FNMA and FHLMC Servicer in good standing. 4.   If applicable, GMACM has filed the information returns with respect to the      receipt of mortgage interest pursuant to Sections 6050H, 5060J and 6050P of      the Code,  received in a trade or  business,  reports of  foreclosures  and      abandonment's  of  any  Mortgaged  Property  and  the  information  returns      relating  to  cancellation  of  indebtedness  income  with  respect  to any      Mortgaged Property. 4.   All hazard,  flood, FHA mortgage  insurance and primary mortgage  insurance      premiums,  taxes,  ground rents,  assessments and other lienable items have      been paid in connection with the mortgaged properties. 5.   All property inspections have been completed as required. 6.   Compliance relative to Adjustable Rate Mortgages has been met. 7.   Fidelity Bond and Errors and Omissions  Insurance  coverage is current,  in      full force and effect.  Servicer:    GMAC Mortgage Corporation  By:          /s/ Michael Kacergis              ------------------------ Name:        Michael Kacergis  Title:       Manager              Enterprise Risk Management              Enterprise Servicing Group Risk and Compliance                                         -11-      Wells Fargo Home Mortgage                             One Home Campus                                                       Des Moines, IA  50328-0001   February 24, 2006                                     See Attached Listing of Pools RE:  2005 Annual Certification   We hereby certify to the best of our knowledge and belief that for the calendar year of 2005:      1.  All real estate taxes, bonds  assessments and  other lienable items have         been paid.      2.  All  FHA  mortgage insurance,  private  mortgage insurance premiums, and         flood insurance have been paid (if applicable).      3.  Hazard insurance policies  held by us meet the requirements as specified         in the servicing agreement, or those of  a normal prudent  lender if not         specified, and those premiums due have been paid.      4.  We have made all property inspections as required.      5.  Fidelity  bond  and  Errors and  Omissions insurance  coverage currently         exists.      6.  That the Officer  signing this certificate  has  reviewed the activities         and performance of the Servicer during the preceding  fiscal  year under         the  terms  of the  Servicing  Agreement,  Trust Agreement,  Pooling and         Servicing Agreement  and/or  Seller/Servicer Guide or similar agreements         and to the best of this  officer's knowledge, the Servicer has fulfilled         all  of its  duties, responsibilities  or obligations of such  agreement         throughout the year, or if  there has  been a  default or failure of the         servicer to perform any of such duties, responsibilities or obligations,         a  description  of  each default  or failure  and the  nature and status         thereof has been reported.  Sincerely,  By:     /s/ John B. Brown         ------------------         John B. Brown         Vice President         Wells Fargo Home Mortgage   Attachment - -----------                                                    Transaction Name          Mortgage Loan Seller                        and Number         ----------------------                  ----------------------      Nomura Credit & Capital, Inc.                   Nomura Asset                                                Acceptance Corporation                                                       2005-AR1      Nomura Credit & Capital, Inc.                   Nomura Asset                                                Acceptance Corporation                                                       2005-AR2                                         -12-    -----END PRIVACY-ENHANCED MESSAGE-----