UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report: September 28, 2004
(Date of earliest event reported)
Banc of America Mortgage Securities, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 333-105940 36-4514369
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
201 North Tryon Street, Charlotte, North Carolina 28255
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Address of principal executive offices (Zip Code)
Registrant's telephone number, including area code (704) 387-8239
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01. Other Events
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On September 28, 2004, Banc of America Mortgage Securities, Inc., a Delaware
corporation (the "Registrant"), sold Mortgage Pass-Through Certificates, Series
2004-I, Class 1-A-1, Class 1-A-2, Class 1-A-R, Class 1-A-LR, Class 2-A-1, Class
2-A-2, Class 2-A-3, Class 3-A-1, Class 3-A-2, Class B-1, Class B-2 and Class B-3
(the "Offered Certificates"), having an aggregate original principal balance of
$553,666,100.00. The Offered Certificates were issued pursuant to a Pooling and
Servicing Agreement, dated September 28, 2004, among the Registrant, Bank of
America, N.A., as servicer ("BANA") and Wells Fargo Bank, N.A., as trustee (the
"Agreement"), a copy of which is filed as an exhibit hereto. Mortgage
Pass-Through Certificates, Series 2004-I, Class 1-IO, Class 2-IO, Class 3-IO,
Class B-4, Class B-5 and Class B-6 Certificates, having an aggregate initial
principal balance of $3,623,372.00 (the "Private Certificates" and, together
with the Offered Certificates, the "Certificates"), were also issued pursuant to
the Agreement.
As of the date of initial issuance, the Offered Certificates evidenced an
approximate 99.35% undivided interest in a trust (the "Trust"), consisting
principally of three pools of adjustable interest rate, monthly pay,
fully-amortizing, one- to four-family residential first mortgage loans. The
remaining undivided interests in the Trust are evidenced by the Private
Certificates.
Interest on the Offered Certificates will be distributed on each Distribution
Date (as defined in the Agreement). Monthly distributions in reduction of the
principal balance of the Offered Certificates will be allocated to the Offered
Certificates in accordance with the priorities set forth in the Agreement.
Distributions of interest and in reduction of principal balance on any
Distribution Date will be made to the extent that the Pool Distribution Amount
(as defined in the Agreement) is sufficient therefor.
Elections will be made to treat the Trust as two separate REMICs for federal
income tax purposes (the "Upper-Tier REMIC" and the "Lower-Tier REMIC" and each
a "REMIC"). The Class 1-A-1, Class 1-A-2, Class 2-A-1, Class 2-A-2, Class 2-A-3,
Class 3-A-1, Class 3-A-2, Class 1-IO, Class 2-IO, Class 3-IO, Class B-1, Class
B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates will be treated
as "regular interests" in the REMIC and the Class 1-A-R and Class 1-A-LR
Certificates will be treated as the "residual interest" in the Upper-Tier REMIC
and the Lower-Tier REMIC, respectively.
ITEM 9.01 Financial Statements and Exhibits
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(c) Exhibits
Item 601(a)
of Regulation S-K
Exhibit No. Description
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(4) Pooling and Servicing Agreement, dated
September 28, 2004, among Banc of America
Mortgage Securities, Inc., Bank of
America, N.A. and Wells Fargo Bank, N.A.,
as trustee.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BANC OF AMERICA MORTGAGE SECURITIES, INC.
September 28, 2004
By: /s/ Judy Lowman
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Name: Judy Lowman
Title: Vice President
INDEX TO EXHIBITS
Paper (P) or
Exhibit No. Description Electronic (E)
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(4) Pooling and Servicing Agreement, E
dated September 28, 2004, among
Banc of America Mortgage
Securities, Inc., Bank of
America, N.A. and Wells Fargo
Bank, N.A., as trustee.