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: August 30, 2005
(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 333-118843 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 August 30, 2005, Banc of America Mortgage Securities, Inc., a
Delaware corporation (the "Registrant"), sold Mortgage Pass-Through
Certificates, Series 2005-H, Class 1-A-1, Class 1-A-2, Class 1-A-R, Class 2-A-1,
Class 2-A-2, Class 2-A-3, Class 2-A-4, Class 2-A-5, Class 3-A-1, Class 3-A-2,
Class 4-A-1, Class 4-A-2, Class 4-A-3, Class B-1, Class B-2 and Class B-3 (the
"Offered Certificates"), having an aggregate original principal balance of
$702,904,100.00. The Offered Certificates were issued pursuant to a Pooling and
Servicing Agreement, dated August 30, 2005, 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 2005-H, Class B-4, Class B-5 and Class B-6
Certificates, having an aggregate initial principal balance of $3,887,737.00
(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 99.45% undivided interest in a trust (the "Trust"),
consisting principally of a pool 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 2-A-4, Class 2-A-5, Class 3-A-1, Class 3-A-2, Class 4-A-1,
Class 4-A-2, Class 4-A-3, 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
Upper-Tier REMIC and the Class 1-A-R Certificate will be treated as the
"residual interest" in the Upper-Tier REMIC and the Lower-Tier REMIC.
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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(EX-4) Pooling and Servicing Agreement, dated
August 30, 2005, 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.
August 30, 2005
By: /s/ Judy Lowman
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Name: Judy Lowman
Title: Vice President
INDEX TO EXHIBITS
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Paper (P) or
Exhibit No. Description Electronic (E)
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(EX-4) Pooling and Servicing E
Agreement, dated August 30, 2005,
among Banc of America Mortgage
Securities, Inc., Bank of
America, N.A. and Wells Fargo
Bank, N.A., as trustee.