GMACM HOME EQUITY LOAN TRUST 2005-HE3
Not Applicable.
Not Applicable.
Not Applicable.
See Item 15 (a),  Exhibits 99.1, 99.2 and 99.3 for information  provided         in lieu of information required by Item 102 of Regulation S-K.
The registrant knows of no material pending legal proceedings  involving         the trust created under the Pooling and Serviving Agreement (the Trust),         the Trustee, the Servicer.
None.  PART II
(a) The Trust does not issue stock.  There is  currently no  established         public trading market for the  securities.  As of December 31, 2005, the         number of holders of all classes of Notes was 30.                 The remaining information is not provided pursuant to a no action request.          (b) Not applicable.          (c) Information not provided pursuant to no action request.
Not Applicable.
Not Applicable.
Not applicable.
See Item 15 (a),  Exhibits 99.1, 99.2 and 99.3 for information  provided         in lieu of information required by Item 102 of Regulation S-K.
None.
Not applicable.
None.  PART III
Not Applicable.
Not Applicable.
Not Applicable.
Not Applicable.
Not applicable.  PART IV
(a) Exhibit 31.1 Rule 13a-14(a)/15d-14(a) Certification       Exhibit 99.1 Annual Independent  Accountants'  Servicing Reports concerning servicing activities       Exhibit 99.2 Report of Management as to Compliance  with Minimum  Servicing Standards       Exhibit  99.3  Annual  Statements  of  Compliance  under  the  Pooling  and Servicing Agreements       Exhibit 99.4 Aggregate Statement of Principal and Interest Distributions to Certificate Holders       Exhibit 99.5 Audited  financial  statements for the year ended December 31, 2005 for Ambac Financial Group, Inc.*  (b) Not Applicable.  (c) Not Applicable. __________________________          * Incorporated by reference to the audited financial statements of Ambac         Financial Group, Inc. filed with the Securities and Exchange  Commission         on March 13, 2006 as part of its Annual Report on Form 10-K  (Commission         File #001-10777)) for the twelve-month period ended December 31, 2005.                                          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,  there unto duly authorized,  on this 20th day of March 2006.   By:     GMAC MORTGAGE CORPORATION  /s/ Anthony N. Renzi Name: Anthony N. Renzi Title: Executive Vice President         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  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.                                        EXHIBIT INDEX  Exhibit               Description  Exhibit 31.1   Rule 13a-14(a)/15d-14(a) Certification  Exhibit  99.1  Annual  Independent  Accountants'  Servicing  Reports  concerning      servicing activities  Exhibit 99.2  Report of  Management  as to  Compliance  with  Minimum  Servicing      Standards  Exhibit 99.3 Annual  Statements  of  Compliance  under the Pooling and Servicing      Agreements  Exhibit 99.4  Aggregate  Statement of Principal  and Interest  Distributions  to      Certificate Holders  Exhibit 99.5 Audited  financial  statements for the year ended December 31, 2005      for Ambac Financial Group, Inc.*   __________________________          * Incorporated by reference to the audited financial statements of Ambac         Financial Group, Inc. filed with the Securities and Exchange  Commission         on March 13, 2006 as part of its Annual Report on Form 10-K  (Commission         File #001-10777)) for the twelve-month period ended December 31, 2005.                                         Exhibit 31.1                                     CERTIFICATION           I, Anthony N. Renzi, certify that:          1. I have  reviewed  this annual report on Form 10-K for the fiscal year ended December 31, 2005, 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 GMACM Home Equity Loan Trust 2005-HE3.          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 servicer under the pooling and servicing,  or similar,  agreement and based upon my knowledge and the annual compliance review required under that agreement, and except as disclosed in the reports,  the 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.  In Witness Whereof, I have duly executed this certificate as of March 20, 2006.  By:     GMAC MORTGAGE CORPORATION   /s/ Anthony N. Renzi Name: Anthony N. Renzi Title: Executive Vice President                                        EXHIBIT 99.1                         [PRICEWATERHOUSECOOPERS LETTERHEAD]                            REPORT OF INDEPENDENT AUDITORS   To the Board of Directors and Stockholder 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")  exclusive of standards I.4., III.3., III.4., V.3. and V.4.,  (collectively the "Applicable Standards") solely for the purposes of  servicing  the home equity  loans  underlying  the Consumer Lending Portfolio as of and for the year ended December 31, 2005 included in the accompanying management assertion (see Exhibit I).  As the loans applicable to management's  assertion are home equity loans, rather than first mortgage loans,  certain USAP minimum servicing standards relating to escrows are not applicable.  Therefore,  USAP minimum servicing  standards I.4., III.3., III.4., V.3. and V.4., were not addressed during our examination.  Management is responsible  for the Company's  compliance  with those  Applicable Standards.   Our  responsibility  is  to  express  an  opinion   exclusively  on management's  assertion  about  the  Company's  compliance  with the  Applicable Standards based on our examination.  Our examination  was performed in accordance  with 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 Applicable  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 Applicable Standards.  In our  opinion,  management's  assertion  that the  Company  complied  with the Applicable  Standards  solely for the purpose of servicing loans  underlying the Consumer  Lending  Portfolio  as of and for the year ended  December 31, 2005 is fairly stated, in all material respects.  /s/ PricewaterhouseCoopers LLP  March 21, 2006                                         EXHIBIT 99.2                                                                         EXHIBIT 1                       [GMAC MORTGAGE CORPORATION LETTERHEAD]                      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") exclusive of standards I.4., III.3.,  III.4.,  V.3. and V.4.,  (collectively the "Applicable  Standards")  solely for the purposes of  servicing  the home equity loans underlying the Consumer Lending Portfolio.  As of and for this same  period,  the Company had in effect a fidelity  bond and errors and  omissions  policy 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                                      EXHIBIT 99.3                                 OFFICER'S CERTIFICATE                              GMAC MORTGAGE CORPORATION          I,  Frank  G.  Ruhl,  hereby  certify  that I am the duly  elected  Vice President of GMAC Mortgage Corporation (the "Servicer"), a corporation organized under  the laws of the  Commonwealth  of  Pennsylvania,  that I have  made  such reasonable investigation as I have deemed necessary to deliver this Certificate, including  discussions  with  responsible  officers of the  Servicer and further certify to the best of my knowledge as follows:                 1. A review of the activities of the Servicer during the calendar         year  beginning  January 1, 2005 and ending on  December  31,  2005 (the         "Calendar Year") and of its performance under the servicing  agreements,         including  the servicing  agreement  dated as of September 29, 2005 (the         "Servicing  Agreement"),  by and among the Servicer, the Issuer, and the         Indenture Trustee, has been made under my supervision.                 2. To the  best  of my  knowledge,  based  on  such  review,  the         Servicer  has  complied  in  all  material  respects  with  the  minimum         servicing  standards set forth in the Uniform Single Attestation Program         for Mortgage  Bankers and has fulfilled all of its material  obligations         in all material respects throughout the Calendar Year.           Capitalized  terms not defined herein have the meanings set forth in the Servicing Agreement.  IN WITNESS  WHEREOF,  I have hereunto signed my name and affixed the seal of the Servicer.  Dated:  March 31, 2006 Re: GMACM Home Equity Loan Trust 2005-HE3                                                      By: GMAC MORTGAGE CORPORATION                                                     By: /s/ Frank G. Ruhl                                                    __________________                                                     Name:  Frank G. Ruhl                                                    Title:    Vice President                                                    Date:    March 31, 2006                                            Exhibit 99.4   Schedule   of   Year-To-Date    Principal   and   Interest    Distributions   to Certificateholders  GMACM 2005-HE3  Class             Interest       Principal     Losses      Ending Balance A-1           4,336,873.86            0.00       0.00      423,210,000.00 A-2           3,069,825.23            0.00       0.00      296,703,000.00 A-3           2,576,363.26            0.00       0.00      243,767,000.00 VPRNA1          240,613.27    4,712,351.06       0.00       19,622,646.94 VPRNA2                0.00            0.00       0.00                0.81 VPRNA3                0.00            0.00       0.00                0.81 Total        10,223,675.62    4,712,351.06       0.00      983,302,648.55       -----END PRIVACY-ENHANCED MESSAGE-----