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 ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2005-2 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-13 54-2168071
Pooling and Servicing Agreement) (Commission 54-2168072
(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
ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2005-2
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 2005-2 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 ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2005-2 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: 4/1/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2005-2 Trust,
relating to the March 25, 2005 distribution.
EX-99.1
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Record Date: 2/28/2005
Distribution Date: 3/25/2005
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Series 2005-2
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>
1-CB-1 05948KXQ7 SEN 5.50000% 17,960,000.00 82,316.67 0.00
1-CB-2 05948KXR5 SEN 5.50000% 130,230,000.00 596,887.50 233,758.53
1-CB-3 05948KXS3 SEN 5.50000% 19,364,000.00 88,751.67 33,733.33
1-CB-4 05948KXT1 SEN 5.50000% 7,360,000.00 33,733.33 (33,733.33)
1-CB-5 05948KXU8 SEN 5.50000% 367,000.00 1,682.08 0.00
1-CB-R 05948KXV6 SEN 5.50000% 50.00 0.80 50.00
1-CB-LR 05948KXW4 SEN 5.50000% 50.00 0.23 50.00
2-CB-1 05948KXX2 SEN 6.00000% 25,309,000.00 126,545.00 23,097.83
CB-IO 05948KXY0 SEN 5.50000% 0.00 54,725.59 0.00
3-A-1 05948KXZ7 SEN 5.00000% 25,974,000.00 108,225.00 121,205.73
A-PO 05948KYC7 PO 0.00000% 672,363.00 0.00 1,998.02
4-A-1 05948KYA1 SEN 5.50000% 28,143,000.00 128,988.75 109,329.41
15-IO 05948KYB9 SEN 5.50000% 0.00 4,958.06 0.00
B-1 05948KYD5 SUB 5.49816% 5,202,000.00 23,834.52 7,991.87
B-2 05948KYE3 SUB 5.49816% 2,134,000.00 9,777.56 3,278.48
B-3 05948KYF0 SUB 5.49816% 1,200,000.00 5,498.16 1,843.57
B-4 05948KYG8 SUB 5.49816% 1,067,000.00 4,888.78 1,639.24
B-5 05948KYH6 SUB 5.49816% 800,000.00 3,665.44 1,229.05
B-6 05948KYJ2 SUB 5.49816% 934,376.00 4,281.12 1,435.49
Totals 266,716,839.00 1,278,760.26 506,907.22
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-CB-1 0.00 17,960,000.00 82,316.67 0.00
1-CB-2 0.00 129,996,241.47 830,646.03 0.00
1-CB-3 0.00 19,330,266.67 122,485.00 0.00
1-CB-4 0.00 7,393,733.33 0.00 0.00
1-CB-5 0.00 367,000.00 1,682.08 0.00
1-CB-R 0.00 0.00 50.80 0.00
1-CB-LR 0.00 0.00 50.23 0.00
2-CB-1 0.00 25,285,902.17 149,642.83 0.00
CB-IO 0.00 0.00 54,725.59 0.00
3-A-1 0.00 25,852,794.27 229,430.73 0.00
A-PO 0.00 670,364.98 1,998.02 0.00
4-A-1 0.00 28,033,670.59 238,318.16 0.00
15-IO 0.00 0.00 4,958.06 0.00
B-1 0.00 5,194,008.13 31,826.39 0.00
B-2 0.00 2,130,721.52 13,056.04 0.00
B-3 0.00 1,198,156.43 7,341.73 0.00
B-4 0.00 1,065,360.76 6,528.02 0.00
B-5 0.00 798,770.95 4,894.49 0.00
B-6 0.00 932,940.51 5,716.61 0.00
Totals 0.00 266,209,931.78 1,785,667.48 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>
1-CB-1 17,960,000.00 17,960,000.00 0.00 0.00 0.00 0.00
1-CB-2 130,230,000.00 130,230,000.00 173,818.07 59,940.46 0.00 0.00
1-CB-3 19,364,000.00 19,364,000.00 25,083.42 8,649.92 0.00 0.00
1-CB-4 7,360,000.00 7,360,000.00 0.00 0.00 (33,733.33) 0.00
1-CB-5 367,000.00 367,000.00 0.00 0.00 0.00 0.00
1-CB-R 50.00 50.00 37.18 12.82 0.00 0.00
1-CB-LR 50.00 50.00 37.18 12.82 0.00 0.00
2-CB-1 25,309,000.00 25,309,000.00 22,609.52 488.31 0.00 0.00
CB-IO 0.00 0.00 0.00 0.00 0.00 0.00
3-A-1 25,974,000.00 25,974,000.00 94,997.11 26,208.62 0.00 0.00
A-PO 672,363.00 672,363.00 1,956.72 41.30 0.00 0.00
4-A-1 28,143,000.00 28,143,000.00 98,923.37 10,406.04 0.00 0.00
15-IO 0.00 0.00 0.00 0.00 0.00 0.00
B-1 5,202,000.00 5,202,000.00 7,991.87 0.00 0.00 0.00
B-2 2,134,000.00 2,134,000.00 3,278.48 0.00 0.00 0.00
B-3 1,200,000.00 1,200,000.00 1,843.57 0.00 0.00 0.00
B-4 1,067,000.00 1,067,000.00 1,639.24 0.00 0.00 0.00
B-5 800,000.00 800,000.00 1,229.05 0.00 0.00 0.00
B-6 934,376.00 934,376.00 1,435.49 0.00 0.00 0.00
Totals 266,716,839.00 266,716,839.00 434,880.27 105,760.29 (33,733.33) 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>
1-CB-1 0.00 17,960,000.00 1.00000000 0.00
1-CB-2 233,758.53 129,996,241.47 0.99820503 233,758.53
1-CB-3 33,733.33 19,330,266.67 0.99825794 33,733.33
1-CB-4 (33,733.33) 7,393,733.33 1.00458333 (33,733.33)
1-CB-5 0.00 367,000.00 1.00000000 0.00
1-CB-R 50.00 0.00 0.00000000 50.00
1-CB-LR 50.00 0.00 0.00000000 50.00
2-CB-1 23,097.83 25,285,902.17 0.99908737 23,097.83
CB-IO 0.00 0.00 0.00000000 0.00
3-A-1 121,205.73 25,852,794.27 0.99533357 121,205.73
A-PO 1,998.02 670,364.98 0.99702836 1,998.02
4-A-1 109,329.41 28,033,670.59 0.99611522 109,329.41
15-IO 0.00 0.00 0.00000000 0.00
B-1 7,991.87 5,194,008.13 0.99846369 7,991.87
B-2 3,278.48 2,130,721.52 0.99846369 3,278.48
B-3 1,843.57 1,198,156.43 0.99846369 1,843.57
B-4 1,639.24 1,065,360.76 0.99846369 1,639.24
B-5 1,229.05 798,770.95 0.99846369 1,229.05
B-6 1,435.49 932,940.51 0.99846369 1,435.49
Totals 506,907.22 266,209,931.78 0.99809946 506,907.22
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>
1-CB-1 17,960,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-CB-2 130,230,000.00 1000.00000000 1.33470068 0.46026614 0.00000000
1-CB-3 19,364,000.00 1000.00000000 1.29536356 0.44670109 0.00000000
1-CB-4 7,360,000.00 1000.00000000 0.00000000 0.00000000 (4.58333288)
1-CB-5 367,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-CB-R 50.00 1000.00000000 743.60000000 256.40000000 0.00000000
1-CB-LR 50.00 1000.00000000 743.60000000 256.40000000 0.00000000
2-CB-1 25,309,000.00 1000.00000000 0.89333913 0.01929393 0.00000000
CB-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 25,974,000.00 1000.00000000 3.65739239 1.00903288 0.00000000
A-PO 672,363.00 1000.00000000 2.91021368 0.06142515 0.00000000
4-A-1 28,143,000.00 1000.00000000 3.51502576 0.36975589 0.00000000
15-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
B-1 5,202,000.00 1000.00000000 1.53630719 0.00000000 0.00000000
B-2 2,134,000.00 1000.00000000 1.53630740 0.00000000 0.00000000
B-3 1,200,000.00 1000.00000000 1.53630833 0.00000000 0.00000000
B-4 1,067,000.00 1000.00000000 1.53630740 0.00000000 0.00000000
B-5 800,000.00 1000.00000000 1.53631250 0.00000000 0.00000000
B-6 934,376.00 1000.00000000 1.53630872 0.00000000 0.00000000
<FN>
(2) All amounts per 1,000 dollar 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>
1-CB-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-CB-2 0.00000000 1.79496683 998.20503317 0.99820503 1.79496683
1-CB-3 0.00000000 1.74206414 998.25793586 0.99825794 1.74206414
1-CB-4 0.00000000 (4.58333288) 1,004.58333288 1.00458333 (4.58333288)
1-CB-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-CB-R 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000
1-CB-LR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000
2-CB-1 0.00000000 0.91263306 999.08736694 0.99908737 0.91263306
CB-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 0.00000000 4.66642527 995.33357473 0.99533357 4.66642527
A-PO 0.00000000 2.97163883 997.02836117 0.99702836 2.97163883
4-A-1 0.00000000 3.88478165 996.11521835 0.99611522 3.88478165
15-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 1.53630719 998.46369281 0.99846369 1.53630719
B-2 0.00000000 1.53630740 998.46369260 0.99846369 1.53630740
B-3 0.00000000 1.53630833 998.46369167 0.99846369 1.53630833
B-4 0.00000000 1.53630740 998.46369260 0.99846369 1.53630740
B-5 0.00000000 1.53631250 998.46368750 0.99846369 1.53631250
B-6 0.00000000 1.53630872 998.46369128 0.99846369 1.53630872
<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>
1-CB-1 17,960,000.00 5.50000% 17,960,000.00 82,316.67 0.00 0.00
1-CB-2 130,230,000.00 5.50000% 130,230,000.00 596,887.50 0.00 0.00
1-CB-3 19,364,000.00 5.50000% 19,364,000.00 88,751.67 0.00 0.00
1-CB-4 7,360,000.00 5.50000% 7,360,000.00 33,733.33 0.00 0.00
1-CB-5 367,000.00 5.50000% 367,000.00 1,682.08 0.00 0.00
1-CB-R 50.00 5.50000% 50.00 0.23 0.00 0.00
1-CB-LR 50.00 5.50000% 50.00 0.23 0.00 0.00
2-CB-1 25,309,000.00 6.00000% 25,309,000.00 126,545.00 0.00 0.00
CB-IO 0.00 5.50000% 11,940,127.71 54,725.59 0.00 0.00
3-A-1 25,974,000.00 5.00000% 25,974,000.00 108,225.00 0.00 0.00
A-PO 672,363.00 0.00000% 672,363.00 0.00 0.00 0.00
4-A-1 28,143,000.00 5.50000% 28,143,000.00 128,988.75 0.00 0.00
15-IO 0.00 5.50000% 1,081,757.99 4,958.06 0.00 0.00
B-1 5,202,000.00 5.49816% 5,202,000.00 23,834.52 0.00 0.00
B-2 2,134,000.00 5.49816% 2,134,000.00 9,777.56 0.00 0.00
B-3 1,200,000.00 5.49816% 1,200,000.00 5,498.16 0.00 0.00
B-4 1,067,000.00 5.49816% 1,067,000.00 4,888.78 0.00 0.00
B-5 800,000.00 5.49816% 800,000.00 3,665.44 0.00 0.00
B-6 934,376.00 5.49816% 934,376.00 4,281.12 0.00 0.00
Totals 266,716,839.00 1,278,759.69 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>
1-CB-1 0.00 0.00 82,316.67 0.00 17,960,000.00
1-CB-2 0.00 0.00 596,887.50 0.00 129,996,241.47
1-CB-3 0.00 0.00 88,751.67 0.00 19,330,266.67
1-CB-4 0.00 0.00 33,733.33 0.00 7,393,733.33
1-CB-5 0.00 0.00 1,682.08 0.00 367,000.00
1-CB-R 0.00 0.00 0.80 0.00 0.00
1-CB-LR 0.00 0.00 0.23 0.00 0.00
2-CB-1 0.00 0.00 126,545.00 0.00 25,285,902.17
CB-IO 0.00 0.00 54,725.59 0.00 11,924,801.26
3-A-1 0.00 0.00 108,225.00 0.00 25,852,794.27
A-PO 0.00 0.00 0.00 0.00 670,364.98
4-A-1 0.00 0.00 128,988.75 0.00 28,033,670.59
15-IO 0.00 0.00 4,958.06 0.00 1,076,986.30
B-1 0.00 0.00 23,834.52 0.00 5,194,008.13
B-2 0.00 0.00 9,777.56 0.00 2,130,721.52
B-3 0.00 0.00 5,498.16 0.00 1,198,156.43
B-4 0.00 0.00 4,888.78 0.00 1,065,360.76
B-5 0.00 0.00 3,665.44 0.00 798,770.95
B-6 0.00 0.00 4,281.12 0.00 932,940.51
Totals 0.00 0.00 1,278,760.26 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>
1-CB-1 17,960,000.00 5.50000% 1000.00000000 4.58333352 0.00000000 0.00000000
1-CB-2 130,230,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
1-CB-3 19,364,000.00 5.50000% 1000.00000000 4.58333351 0.00000000 0.00000000
1-CB-4 7,360,000.00 5.50000% 1000.00000000 4.58333288 0.00000000 0.00000000
1-CB-5 367,000.00 5.50000% 1000.00000000 4.58332425 0.00000000 0.00000000
1-CB-R 50.00 5.50000% 1000.00000000 4.60000000 0.00000000 0.00000000
1-CB-LR 50.00 5.50000% 1000.00000000 4.60000000 0.00000000 0.00000000
2-CB-1 25,309,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
CB-IO 0.00 5.50000% 1000.00005946 4.58333400 0.00000000 0.00000000
3-A-1 25,974,000.00 5.00000% 1000.00000000 4.16666667 0.00000000 0.00000000
A-PO 672,363.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
4-A-1 28,143,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
15-IO 0.00 5.50000% 1000.00091518 4.58333988 0.00000000 0.00000000
B-1 5,202,000.00 5.49816% 1000.00000000 4.58179931 0.00000000 0.00000000
B-2 2,134,000.00 5.49816% 1000.00000000 4.58179944 0.00000000 0.00000000
B-3 1,200,000.00 5.49816% 1000.00000000 4.58180000 0.00000000 0.00000000
B-4 1,067,000.00 5.49816% 1000.00000000 4.58179944 0.00000000 0.00000000
B-5 800,000.00 5.49816% 1000.00000000 4.58180000 0.00000000 0.00000000
B-6 934,376.00 5.49816% 1000.00000000 4.58179577 0.00000000 0.00000000
<FN>
(5) All amounts per 1,000 dollar 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>
1-CB-1 0.00000000 0.00000000 4.58333352 0.00000000 1000.00000000
1-CB-2 0.00000000 0.00000000 4.58333333 0.00000000 998.20503317
1-CB-3 0.00000000 0.00000000 4.58333351 0.00000000 998.25793586
1-CB-4 0.00000000 0.00000000 4.58333288 0.00000000 1004.58333288
1-CB-5 0.00000000 0.00000000 4.58332425 0.00000000 1000.00000000
1-CB-R 0.00000000 0.00000000 16.00000000 0.00000000 0.00000000
1-CB-LR 0.00000000 0.00000000 4.60000000 0.00000000 0.00000000
2-CB-1 0.00000000 0.00000000 5.00000000 0.00000000 999.08736694
CB-IO 0.00000000 0.00000000 4.58333400 0.00000000 998.71645084
3-A-1 0.00000000 0.00000000 4.16666667 0.00000000 995.33357473
A-PO 0.00000000 0.00000000 0.00000000 0.00000000 997.02836117
4-A-1 0.00000000 0.00000000 4.58333333 0.00000000 996.11521835
15-IO 0.00000000 0.00000000 4.58333988 0.00000000 995.58985983
B-1 0.00000000 0.00000000 4.58179931 0.00000000 998.46369281
B-2 0.00000000 0.00000000 4.58179944 0.00000000 998.46369260
B-3 0.00000000 0.00000000 4.58180000 0.00000000 998.46369167
B-4 0.00000000 0.00000000 4.58179944 0.00000000 998.46369260
B-5 0.00000000 0.00000000 4.58180000 0.00000000 998.46368750
B-6 0.00000000 0.00000000 4.58179577 0.00000000 998.46369128
<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 Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
<s> <c> <c> <c> <c> <c> <c>
1-CB-IO 5.50000% 10,337,985.40 10,324,098.12 0.00 0.00 99.86567131%
2-CB-IO 5.50000% 1,602,142.30 1,600,703.14 0.00 0.00 99.91019148%
1-A-PO 0.00000% 0.00 0.00 203,041.50 202,799.59 99.88085687%
2-A-PO 0.00000% 0.00 0.00 267,598.50 266,579.84 99.61933269%
3-A-PO 0.00000% 0.00 0.00 201,723.00 200,985.55 99.63442443%
1-15-IO 5.50000% 639,172.08 635,954.03 0.00 0.00 99.49654084%
2-15-IO 5.50000% 442,585.91 441,032.27 0.00 0.00 99.64916796%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 1,843,567.25
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 1,843,567.25
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 57,899.77
Payment of Interest and Principal 1,785,667.48
Total Withdrawals (Pool Distribution Amount) 1,843,567.25
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 55,566.00
Trustee Fee: Wells Fargo Bank, N.A. 2,333.77
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 57,899.77
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 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
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 0.000000% 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%
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 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>
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 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>
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 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%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 0.00
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 5.834287%
Weighted Average Pass-Through Rate 5.753335%
Weighted Average Maturity (Stepdown Calculation) 320
Beginning Scheduled Collateral Loan Count 1,824
Number Of Loans Paid In Full 1
Ending Scheduled Collateral Loan Count 1,823
Beginning Scheduled Collateral Balance 266,716,839.00
Ending Scheduled Collateral Balance 266,209,933.21
Ending Actual Collateral Balance at 28-Feb-2005 266,536,889.32
Monthly P&I Constant 1,746,456.75
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Non-PO Optimal Amount 1,712,307.60
Class AP Deferred Amount 0.00
Scheduled Principal 409,796.84
Unscheduled Principal 97,110.37
Miscellaneous Reporting
Senior % 95.497195%
Group Level Collateral Statement
Group 1 2 3
Collateral Description Fixed 15 & 30 Year Fixed 15 & 30 Year Fixed 15 & 30 Year
Weighted Average Coupon Rate 5.916233 5.639692 5.339951
Weighted Average Net Rate 5.814647 5.343875 5.089951
Weighted Average Maturity 358 359 179
Beginning Loan Count 1,219 201 144
Loans Paid In Full 1 0 0
Ending Loan Count 1,218 201 144
Beginning Scheduled Balance 183,274,132.27 26,432,565.49 27,406,900.51
Ending scheduled Balance 183,032,303.55 26,408,463.94 27,280,414.15
Record Date 02/28/2005 02/28/2005 02/28/2005
Principal And Interest Constant 1,108,084.87 168,857.43 222,235.76
Scheduled Principal 181,840.63 23,613.24 100,276.17
Unscheduled Principal 59,988.09 488.31 26,210.19
Scheduled Interest 926,244.24 145,244.19 121,959.59
Servicing Fees 38,182.11 5,506.78 5,709.77
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,603.65 231.28 239.81
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 886,458.48 139,506.13 116,010.01
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 5.804145 5.333373 5.079448
Group Level Collateral Statement
Group 4 Total
Collateral Description Fixed 15 & 30 Year Mixed Fixed
Weighted Average Coupon Rate 5.805252 5.834287
Weighted Average Net Rate 5.555248 5.763837
Weighted Average Maturity 179 320
Beginning Loan Count 260 1,824
Loans Paid In Full 0 1
Ending Loan Count 260 1,823
Beginning Scheduled Balance 29,603,242.15 266,716,840.42
Ending scheduled Balance 29,488,751.57 266,209,933.21
Record Date 02/28/2005 02/28/2005
Principal And Interest Constant 247,278.69 1,746,456.75
Scheduled Principal 104,066.80 409,796.84
Unscheduled Principal 10,423.78 97,110.37
Scheduled Interest 143,211.89 1,336,659.91
Servicing Fees 6,167.34 55,566.00
Master Servicing Fees 0.00 0.00
Trustee Fee 259.03 2,333.77
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 136,785.52 1,278,760.14
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 5.544748 5.753335
Miscellaneous Reporting
Group 1
CPR 0.392459%
Subordinate % 4.255172%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.744828%
Group 2
CPR 0.022186%
Subordinate % 4.250686%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.749314%
Group 3
CPR 1.145756%
Subordinate % 4.293781%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.706219%
Miscellaneous Reporting
Group 4
CPR 0.423207%
Subordinate % 4.280454%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.719546%