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 (Date of earliest event reported): March 25, 2005
BANC OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2005-A Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-10 54-2165626
Pooling and Servicing Agreement) (Commission 54-2165627
(State or other File Number) IRS EIN
jurisdiction
of Incorporation)
c/o Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(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 (see General Instruction A.2. below):
[ ] 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
On March 25, 2005 a distribution was made to holders of BANC OF AMERICA
MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2005-A
Trust.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Mortgage Pass-Through Certificates,
Series 2005-A Trust, relating to the
March 25, 2005 distribution.
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.
Mortgage Pass-Through Certificates, Series 2005-A Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield as Assistant Vice President
By: Beth Belfield as Assistant Vice President
Date: 3/21/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2005-A Trust,
relating to the March 25, 2005 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 2/28/2005
Distribution Date: 3/25/2005
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Series 2005-A
Contact: Customer Service - CTSLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 815-6660
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<s> <c> <c> <c> <c> <c> <c>
1A1 05949AH52 SEN 4.09294% 97,023,103.04 330,924.81 984,652.67
1AR 05949AH60 SEN 4.09331% 0.00 0.00 0.00
1ALR 05949AH78 SEN 4.09331% 0.00 0.04 0.00
2A1 05949AH86 SEN 4.49398% 240,292,612.86 899,891.86 1,410,185.45
2A2 05949AH94 SEN 4.49398% 140,712,250.04 526,965.05 825,786.38
2A3 05949AJ27 SEN 4.49398% 4,952,871.61 18,548.42 29,066.51
3A1 05949AJ35 SEN 5.05850% 38,312,490.03 161,503.13 59,796.76
4A1 05949AJ43 SEN 5.23021% 43,508,221.62 189,630.98 21,921.44
1IO 05949AJ84 SEN 0.31700% 0.00 26,551.37 0.00
2IO 05949AJ92 SEN 0.17100% 0.00 56,937.86 0.00
4IO 05949AK25 SEN 0.03230% 0.00 1,212.34 0.00
B1 05949AJ50 SUB 4.51870% 10,577,652.05 39,831.03 5,403.66
B2 05949AJ68 SUB 4.51870% 3,819,069.12 14,381.02 1,950.99
B3 05949AJ76 SUB 4.51870% 2,055,960.53 7,741.89 1,050.30
B4 05949AK33 SUB 4.51870% 1,469,257.16 5,532.61 750.58
B5 05949AK41 SUB 4.51870% 881,554.30 3,319.57 450.35
B6 05949AK58 SUB 4.51870% 1,175,311.76 4,425.73 600.41
Totals 584,780,354.12 2,287,397.71 3,341,615.50
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 0.00 96,038,450.37 1,315,577.48 0.00
1AR 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.04 0.00
2A1 0.00 238,882,427.42 2,310,077.31 0.00
2A2 0.00 139,886,463.66 1,352,751.43 0.00
2A3 0.00 4,923,805.10 47,614.93 0.00
3A1 0.00 38,252,693.27 221,299.89 0.00
4A1 0.00 43,486,300.19 211,552.42 0.00
1IO 0.00 0.00 26,551.37 0.00
2IO 0.00 0.00 56,937.86 0.00
4IO 0.00 0.00 1,212.34 0.00
B1 0.00 10,572,248.40 45,234.69 0.00
B2 0.00 3,817,118.13 16,332.01 0.00
B3 0.00 2,054,910.23 8,792.19 0.00
B4 0.00 1,468,506.58 6,283.19 0.00
B5 0.00 881,103.95 3,769.92 0.00
B6 0.00 1,174,711.34 5,026.14 0.00
Totals 0.00 581,438,738.64 5,629,013.21 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<s> <c> <c> <c> <c> <c> <c>
1A1 99,118,000.00 97,023,103.04 52,863.52 931,789.15 0.00 0.00
1AR 50.00 0.00 0.00 0.00 0.00 0.00
1ALR 50.00 0.00 0.00 0.00 0.00 0.00
2A1 240,784,000.00 240,292,612.86 122,325.80 1,287,859.65 0.00 0.00
2A2 141,000,000.00 140,712,250.04 71,632.41 754,153.97 0.00 0.00
2A3 4,963,000.00 4,952,871.61 2,521.36 26,545.15 0.00 0.00
3A1 38,460,000.00 38,312,490.03 20,992.31 38,804.45 0.00 0.00
4A1 43,554,000.00 43,508,221.62 18,126.28 3,795.16 0.00 0.00
1IO 0.00 0.00 0.00 0.00 0.00 0.00
2IO 0.00 0.00 0.00 0.00 0.00 0.00
4IO 0.00 0.00 0.00 0.00 0.00 0.00
B1 10,583,000.00 10,577,652.05 5,403.66 0.00 0.00 0.00
B2 3,821,000.00 3,819,069.12 1,950.99 0.00 0.00 0.00
B3 2,057,000.00 2,055,960.53 1,050.30 0.00 0.00 0.00
B4 1,470,000.00 1,469,257.16 750.58 0.00 0.00 0.00
B5 882,000.00 881,554.30 450.35 0.00 0.00 0.00
B6 1,175,905.98 1,175,311.76 600.41 0.00 0.00 0.00
Totals 587,868,005.98 584,780,354.12 298,667.97 3,042,947.53 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c>
1A1 984,652.67 96,038,450.37 0.96893047 984,652.67
1AR 0.00 0.00 0.00000000 0.00
1ALR 0.00 0.00 0.00000000 0.00
2A1 1,410,185.45 238,882,427.42 0.99210258 1,410,185.45
2A2 825,786.38 139,886,463.66 0.99210258 825,786.38
2A3 29,066.51 4,923,805.10 0.99210258 29,066.51
3A1 59,796.76 38,252,693.27 0.99460981 59,796.76
4A1 21,921.44 43,486,300.19 0.99844561 21,921.44
1IO 0.00 0.00 0.00000000 0.00
2IO 0.00 0.00 0.00000000 0.00
4IO 0.00 0.00 0.00000000 0.00
B1 5,403.66 10,572,248.40 0.99898407 5,403.66
B2 1,950.99 3,817,118.13 0.99898407 1,950.99
B3 1,050.30 2,054,910.23 0.99898407 1,050.30
B4 750.58 1,468,506.58 0.99898407 750.58
B5 450.35 881,103.95 0.99898407 450.35
B6 600.41 1,174,711.34 0.99898407 600.41
Totals 3,341,615.50 581,438,738.64 0.98906342 3,341,615.50
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<s> <c> <c> <c> <c> <c>
1A1 99,118,000.00 978.86461632 0.53333925 9.40080661 0.00000000
1AR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
2A1 240,784,000.00 997.95922013 0.50803126 5.34860975 0.00000000
2A2 141,000,000.00 997.95922014 0.50803128 5.34860972 0.00000000
2A3 4,963,000.00 997.95922023 0.50803143 5.34860971 0.00000000
3A1 38,460,000.00 996.16458736 0.54582189 1.00895606 0.00000000
4A1 43,554,000.00 998.94892823 0.41617946 0.08713689 0.00000000
1IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
4IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
B1 10,583,000.00 999.49466597 0.51059813 0.00000000 0.00000000
B2 3,821,000.00 999.49466632 0.51059670 0.00000000 0.00000000
B3 2,057,000.00 999.49466699 0.51059796 0.00000000 0.00000000
B4 1,470,000.00 999.49466667 0.51059864 0.00000000 0.00000000
B5 882,000.00 999.49467120 0.51060091 0.00000000 0.00000000
B6 1,175,905.98 999.49467048 0.51059354 0.00000000 0.00000000
<FN>
(2) All Classes are per $1,000 denomination.
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
1A1 0.00000000 9.93414587 968.93047045 0.96893047 9.93414587
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00000000 5.85664101 992.10257916 0.99210258 5.85664101
2A2 0.00000000 5.85664099 992.10257915 0.99210258 5.85664099
2A3 0.00000000 5.85664114 992.10257909 0.99210258 5.85664114
3A1 0.00000000 1.55477795 994.60980941 0.99460981 1.55477795
4A1 0.00000000 0.50331634 998.44561211 0.99844561 0.50331634
1IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
4IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B1 0.00000000 0.51059813 998.98406879 0.99898407 0.51059813
B2 0.00000000 0.51059670 998.98406962 0.99898407 0.51059670
B3 0.00000000 0.51059796 998.98406903 0.99898407 0.51059796
B4 0.00000000 0.51059864 998.98406803 0.99898407 0.51059864
B5 0.00000000 0.51060091 998.98407029 0.99898407 0.51060091
B6 0.00000000 0.51059354 998.98406844 0.99898407 0.51059354
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1A1 99,118,000.00 4.09294% 97,023,103.04 330,924.81 0.00 0.00
1AR 50.00 4.09331% 0.00 0.00 0.00 0.00
1ALR 50.00 4.09331% 0.00 0.00 0.00 0.00
2A1 240,784,000.00 4.49398% 240,292,612.86 899,891.86 0.00 0.00
2A2 141,000,000.00 4.49398% 140,712,250.04 526,965.05 0.00 0.00
2A3 4,963,000.00 4.49398% 4,952,871.61 18,548.42 0.00 0.00
3A1 38,460,000.00 5.05850% 38,312,490.03 161,503.13 0.00 0.00
4A1 43,554,000.00 5.23021% 43,508,221.62 189,630.98 0.00 0.00
1IO 0.00 0.31700% 100,509,936.07 26,551.37 0.00 0.00
2IO 0.00 0.17100% 399,563,922.33 56,937.86 0.00 0.00
4IO 0.00 0.03230% 45,040,671.21 1,212.34 0.00 0.00
B1 10,583,000.00 4.51870% 10,577,652.05 39,831.03 0.00 0.00
B2 3,821,000.00 4.51870% 3,819,069.12 14,381.02 0.00 0.00
B3 2,057,000.00 4.51870% 2,055,960.53 7,741.89 0.00 0.00
B4 1,470,000.00 4.51870% 1,469,257.16 5,532.61 0.00 0.00
B5 882,000.00 4.51870% 881,554.30 3,319.57 0.00 0.00
B6 1,175,905.98 4.51870% 1,175,311.76 4,425.73 0.00 0.00
Totals 587,868,005.98 2,287,397.67 0.00 0.00
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1A1 0.00 0.00 330,924.81 0.00 96,038,450.37
1AR 0.00 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.04 0.00 0.00
2A1 0.00 0.00 899,891.86 0.00 238,882,427.42
2A2 0.00 0.00 526,965.05 0.00 139,886,463.66
2A3 0.00 0.00 18,548.42 0.00 4,923,805.10
3A1 0.00 0.00 161,503.13 0.00 38,252,693.27
4A1 0.00 0.00 189,630.98 0.00 43,486,300.19
1IO 0.00 0.00 26,551.37 0.00 99,523,383.58
2IO 0.00 0.00 56,937.86 0.00 397,291,957.49
4IO 0.00 0.00 1,212.34 0.00 45,018,111.33
B1 0.00 0.00 39,831.03 0.00 10,572,248.40
B2 0.00 0.00 14,381.02 0.00 3,817,118.13
B3 0.00 0.00 7,741.89 0.00 2,054,910.23
B4 0.00 0.00 5,532.61 0.00 1,468,506.58
B5 0.00 0.00 3,319.57 0.00 881,103.95
B6 0.00 0.00 4,425.73 0.00 1,174,711.34
Totals 0.00 0.00 2,287,397.71 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1A1 99,118,000.00 4.09294% 978.86461632 3.33869539 0.00000000 0.00000000
1AR 50.00 4.09331% 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 50.00 4.09331% 0.00000000 0.00000000 0.00000000 0.00000000
2A1 240,784,000.00 4.49398% 997.95922013 3.73734077 0.00000000 0.00000000
2A2 141,000,000.00 4.49398% 997.95922014 3.73734078 0.00000000 0.00000000
2A3 4,963,000.00 4.49398% 997.95922023 3.73734032 0.00000000 0.00000000
3A1 38,460,000.00 5.05850% 996.16458736 4.19924935 0.00000000 0.00000000
4A1 43,554,000.00 5.23021% 998.94892823 4.35392800 0.00000000 0.00000000
1IO 0.00 0.31700% 979.56398640 0.25876811 0.00000000 0.00000000
2IO 0.00 0.17100% 998.01145320 0.14221663 0.00000000 0.00000000
4IO 0.00 0.03230% 998.97058702 0.02688885 0.00000000 0.00000000
B1 10,583,000.00 4.51870% 999.49466597 3.76368043 0.00000000 0.00000000
B2 3,821,000.00 4.51870% 999.49466632 3.76367967 0.00000000 0.00000000
B3 2,057,000.00 4.51870% 999.49466699 3.76368012 0.00000000 0.00000000
B4 1,470,000.00 4.51870% 999.49466667 3.76368027 0.00000000 0.00000000
B5 882,000.00 4.51870% 999.49467120 3.76368481 0.00000000 0.00000000
B6 1,175,905.98 4.51870% 999.49467048 3.76367675 0.00000000 0.00000000
<FN>
(5) All Classes are per $1,000 denomination.
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1A1 0.00000000 0.00000000 3.33869539 0.00000000 968.93047045
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 0.00000000 0.00000000 0.80000000 0.00000000 0.00000000
2A1 0.00000000 0.00000000 3.73734077 0.00000000 992.10257916
2A2 0.00000000 0.00000000 3.73734078 0.00000000 992.10257915
2A3 0.00000000 0.00000000 3.73734032 0.00000000 992.10257909
3A1 0.00000000 0.00000000 4.19924935 0.00000000 994.60980941
4A1 0.00000000 0.00000000 4.35392800 0.00000000 998.44561211
1IO 0.00000000 0.00000000 0.25876811 0.00000000 969.94910325
2IO 0.00000000 0.00000000 0.14221663 0.00000000 992.33664923
4IO 0.00000000 0.00000000 0.02688885 0.00000000 998.47022466
B1 0.00000000 0.00000000 3.76368043 0.00000000 998.98406879
B2 0.00000000 0.00000000 3.76367967 0.00000000 998.98406962
B3 0.00000000 0.00000000 3.76368012 0.00000000 998.98406903
B4 0.00000000 0.00000000 3.76368027 0.00000000 998.98406803
B5 0.00000000 0.00000000 3.76368481 0.00000000 998.98407029
B6 0.00000000 0.00000000 3.76367675 0.00000000 998.98406844
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 5,763,505.15
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 0.00
Total Deposits 5,763,505.15
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 134,491.94
Payment of Interest and Principal 5,629,013.21
Total Withdrawals (Pool Distribution Amount) 5,763,505.15
Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<s> <c>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES
<s> <c>
Gross Servicing Fee 132,299.02
Trustee Fee - Wells Fargo Bank, N.A. 2,192.92
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 134,491.94
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s> <c> <c> <c> <c> <c>
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 9 0 0 0 9
5,112,893.16 0.00 0.00 0.00 5,112,893.16
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 1 0 0 0 1
360,000.00 0.00 0.00 0.00 360,000.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 10 0 0 0 10
5,472,893.16 0.00 0.00 0.00 5,472,893.16
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.823422% 0.000000% 0.000000% 0.000000% 0.823422%
0.878978% 0.000000% 0.000000% 0.000000% 0.878978%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.091491% 0.000000% 0.000000% 0.000000% 0.091491%
0.061889% 0.000000% 0.000000% 0.000000% 0.061889%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.914913% 0.000000% 0.000000% 0.000000% 0.914913%
0.940867% 0.000000% 0.000000% 0.000000% 0.940867%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 2 0 0 0 2
940,893.16 0.00 0.00 0.00 940,893.16
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 1 0 0 0 1
360,000.00 0.00 0.00 0.00 360,000.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 3 0 0 0 3
1,300,893.16 0.00 0.00 0.00 1,300,893.16
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.069519% 0.000000% 0.000000% 0.000000% 1.069519%
0.944961% 0.000000% 0.000000% 0.000000% 0.944961%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.534759% 0.000000% 0.000000% 0.000000% 0.534759%
0.361557% 0.000000% 0.000000% 0.000000% 0.361557%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 1.604278% 0.000000% 0.000000% 0.000000% 1.604278%
1.306518% 0.000000% 0.000000% 0.000000% 1.306518%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
2 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 5 0 0 0 5
2,466,000.00 0.00 0.00 0.00 2,466,000.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 5 0 0 0 5
2,466,000.00 0.00 0.00 0.00 2,466,000.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.666667% 0.000000% 0.000000% 0.000000% 0.666667%
0.620435% 0.000000% 0.000000% 0.000000% 0.620435%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.666667% 0.000000% 0.000000% 0.000000% 0.666667%
0.620435% 0.000000% 0.000000% 0.000000% 0.620435%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
3 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
4 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 2 0 0 0 2
1,706,000.00 0.00 0.00 0.00 1,706,000.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 2 0 0 0 2
1,706,000.00 0.00 0.00 0.00 1,706,000.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 2.439024% 0.000000% 0.000000% 0.000000% 2.439024%
3.788339% 0.000000% 0.000000% 0.000000% 3.788339%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 2.439024% 0.000000% 0.000000% 0.000000% 2.439024%
3.788339% 0.000000% 0.000000% 0.000000% 3.788339%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 24,965.09
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 4.969845%
Weighted Average Net Coupon 4.698360%
Weighted Average Pass-Through Rate 4.693860%
Weighted Average Maturity (Stepdown Calculation) 357
Beginning Scheduled Collateral Loan Count 1,097
Number Of Loans Paid In Full 4
Ending Scheduled Collateral Loan Count 1,093
Beginning Scheduled Collateral Balance 584,780,354.13
Ending Scheduled Collateral Balance 581,438,738.64
Ending Actual Collateral Balance at 28-Feb-2005 581,686,165.51
Monthly P&I Constant 2,720,557.51
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 298,667.96
Unscheduled Principal 3,042,947.53
Ancilliary Fees $907.66
Miscellaneous Reporting
Total Senior Percentage 96.583537%
Aggregate Senior Percentage 3.416463%
Group Level Collateral Statement
Group 1 2 3
Collateral Description 3 Year LIBOR Arm 5 Year LIBOR Arm 7 Year LIBOR Arm
Weighted Average Coupon Rate 4.789441 4.919480 5.313000
Weighted Average Net Rate 4.414440 4.669480 5.063000
Weighted Average Maturity 357 356 357
Beginning Loan Count 188 753 74
Loans Paid In Full 1 3 0
Ending Loan Count 187 750 74
Beginning Scheduled Balance 100,509,936.07 399,563,922.33 39,665,824.52
Ending scheduled Balance 99,523,383.58 397,291,957.49 39,605,286.24
Record Date 02/28/2005 02/28/2005 02/28/2005
Principal And Interest Constant 455,918.64 1,841,444.95 197,354.28
Scheduled Principal 54,763.34 203,406.07 21,733.83
Unscheduled Principal 931,789.15 2,068,558.77 38,804.45
Scheduled Interest 401,155.30 1,638,038.88 175,620.45
Servicing Fees 31,409.36 83,242.48 8,263.71
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 376.91 1,498.36 148.75
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread Fee 1 0.00 0.00 0.00
Spread Fee 2 0.00 0.00 0.00
Spread Fee 3 0.00 0.00 0.00
Net Interest 369,369.03 1,553,298.04 167,207.99
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 4.409941 4.664980 5.058500
Group Level Collateral Statement
Group 4 Total
Collateral Description 7 Year LIBOR Arm Mixed ARM
Weighted Average Coupon Rate 5.517012 4.969845
Weighted Average Net Rate 5.267012 4.698360
Weighted Average Maturity 357 357
Beginning Loan Count 82 1,097
Loans Paid In Full 0 4
Ending Loan Count 82 1,093
Beginning Scheduled Balance 45,040,671.21 584,780,354.13
Ending scheduled Balance 45,018,111.33 581,438,738.64
Record Date 02/28/2005 02/28/2005
Principal And Interest Constant 225,839.64 2,720,557.51
Scheduled Principal 18,764.72 298,667.96
Unscheduled Principal 3,795.16 3,042,947.53
Scheduled Interest 207,074.92 2,421,889.55
Servicing Fees 9,383.47 132,299.02
Master Servicing Fees 0.00 0.00
Trustee Fee 168.90 2,192.92
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 0.00 0.00
Pool Insurance Fee 0.00 0.00
Spread Fee 1 0.00 0.00
Spread Fee 2 0.00 0.00
Spread Fee 3 0.00 0.00
Net Interest 197,522.55 2,287,397.61
Realized Loss Amount 0.00 0.00
Cumulative Realized Loss 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000
Prepayment Penalties 0.00 0.00
Special Servicing Fee 0.00 0.00
Pass-Through Rate 5.262512 4.693860
Miscellaneous Reporting
Group 1
CPR 10.580150%
Subordinate Percentage 3.469142%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.530858%
Group 2
CPR 6.041563%
Subordinate Percentage 3.405259%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.594741%
Group 3
CPR 1.168282%
Subordinate Percentage 3.411840%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.588160%
Miscellaneous Reporting
Group 4
CPR 0.101108%
Subordinate Percentage 3.402368%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.597632%