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-B Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-14 54-2168069
Pooling and Servicing Agreement) (Commission 54-2168070
(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-B
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-B 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-B 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-B 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-B
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 05949AW63 SEN 4.09289% 50,048,000.00 170,700.88 485,994.07
1AR 05949AW71 SEN 4.09289% 50.00 0.17 50.00
1ALR 05949AW89 SEN 4.09289% 50.00 0.66 50.00
2A1 05949AW97 SEN 4.42760% 223,082,000.00 823,098.79 128,334.54
2A2 05949AX21 SEN 4.77360% 25,000,000.00 99,450.06 14,381.99
1IO 05949AX62 SEN 0.61100% 0.00 26,393.55 0.00
2IO 05949AX70 SEN 0.31113% 0.00 66,620.43 0.00
B1 05949AX39 SUB 4.40042% 5,095,000.00 18,683.46 2,470.78
B2 05949AX47 SUB 4.40042% 2,162,000.00 7,928.10 1,048.45
B3 05949AX54 SUB 4.40042% 1,389,000.00 5,093.49 673.58
B4 05949AX88 SUB 4.40042% 618,000.00 2,266.22 299.69
B5 05949AX96 SUB 4.40042% 463,000.00 1,697.83 224.53
B6 05949AY20 SUB 4.40042% 926,906.00 3,398.98 449.50
Totals 308,784,006.00 1,225,332.62 633,977.13
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 0.00 49,562,005.93 656,694.95 0.00
1AR 0.00 0.00 50.17 0.00
1ALR 0.00 0.00 50.66 0.00
2A1 0.00 222,953,665.46 951,433.33 0.00
2A2 0.00 24,985,618.01 113,832.05 0.00
1IO 0.00 0.00 26,393.55 0.00
2IO 0.00 0.00 66,620.43 0.00
B1 0.00 5,092,529.22 21,154.24 0.00
B2 0.00 2,160,951.55 8,976.55 0.00
B3 0.00 1,388,326.42 5,767.07 0.00
B4 0.00 617,700.31 2,565.91 0.00
B5 0.00 462,775.47 1,922.36 0.00
B6 0.00 926,456.50 3,848.48 0.00
Totals 0.00 308,150,028.87 1,859,309.75 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 50,048,000.00 50,048,000.00 31,478.49 454,515.58 0.00 0.00
1AR 50.00 50.00 3.24 46.76 0.00 0.00
1ALR 50.00 50.00 3.24 46.76 0.00 0.00
2A1 223,082,000.00 223,082,000.00 101,693.76 26,640.78 0.00 0.00
2A2 25,000,000.00 25,000,000.00 11,396.45 2,985.54 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
B1 5,095,000.00 5,095,000.00 2,470.78 0.00 0.00 0.00
B2 2,162,000.00 2,162,000.00 1,048.45 0.00 0.00 0.00
B3 1,389,000.00 1,389,000.00 673.58 0.00 0.00 0.00
B4 618,000.00 618,000.00 299.69 0.00 0.00 0.00
B5 463,000.00 463,000.00 224.53 0.00 0.00 0.00
B6 926,906.00 926,906.00 449.50 0.00 0.00 0.00
Totals 308,784,006.00 308,784,006.00 149,741.71 484,235.42 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 485,994.07 49,562,005.93 0.99028944 485,994.07
1AR 50.00 0.00 0.00000000 50.00
1ALR 50.00 0.00 0.00000000 50.00
2A1 128,334.54 222,953,665.46 0.99942472 128,334.54
2A2 14,381.99 24,985,618.01 0.99942472 14,381.99
1IO 0.00 0.00 0.00000000 0.00
2IO 0.00 0.00 0.00000000 0.00
B1 2,470.78 5,092,529.22 0.99951506 2,470.78
B2 1,048.45 2,160,951.55 0.99951506 1,048.45
B3 673.58 1,388,326.42 0.99951506 673.58
B4 299.69 617,700.31 0.99951506 299.69
B5 224.53 462,775.47 0.99951505 224.53
B6 449.50 926,456.50 0.99951505 449.50
Totals 633,977.13 308,150,028.87 0.99794686 633,977.13
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 50,048,000.00 1000.00000000 0.62896599 9.08159327 0.00000000
1AR 50.00 1000.00000000 64.80000000 935.20000000 0.00000000
1ALR 50.00 1000.00000000 64.80000000 935.20000000 0.00000000
2A1 223,082,000.00 1000.00000000 0.45585820 0.11942147 0.00000000
2A2 25,000,000.00 1000.00000000 0.45585800 0.11942160 0.00000000
1IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
B1 5,095,000.00 1000.00000000 0.48494210 0.00000000 0.00000000
B2 2,162,000.00 1000.00000000 0.48494450 0.00000000 0.00000000
B3 1,389,000.00 1000.00000000 0.48493880 0.00000000 0.00000000
B4 618,000.00 1000.00000000 0.48493528 0.00000000 0.00000000
B5 463,000.00 1000.00000000 0.48494600 0.00000000 0.00000000
B6 926,906.00 1000.00000000 0.48494669 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 9.71055926 990.28944074 0.99028944 9.71055926
1AR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000
1ALR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000
2A1 0.00000000 0.57527967 999.42472033 0.99942472 0.57527967
2A2 0.00000000 0.57527960 999.42472040 0.99942472 0.57527960
1IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B1 0.00000000 0.48494210 999.51505790 0.99951506 0.48494210
B2 0.00000000 0.48494450 999.51505550 0.99951506 0.48494450
B3 0.00000000 0.48493880 999.51506120 0.99951506 0.48493880
B4 0.00000000 0.48493528 999.51506472 0.99951506 0.48493528
B5 0.00000000 0.48494600 999.51505400 0.99951505 0.48494600
B6 0.00000000 0.48494669 999.51505331 0.99951505 0.48494669
<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 50,048,000.00 4.09289% 50,048,000.00 170,700.88 0.00 0.00
1AR 50.00 4.09289% 50.00 0.17 0.00 0.00
1ALR 50.00 4.09289% 50.00 0.17 0.00 0.00
2A1 223,082,000.00 4.42760% 223,082,000.00 823,098.79 0.00 0.00
2A2 25,000,000.00 4.77360% 25,000,000.00 99,450.06 0.00 0.00
1IO 0.00 0.61100% 51,836,754.18 26,393.55 0.00 0.00
2IO 0.00 0.31113% 256,947,252.34 66,620.43 0.00 0.00
B1 5,095,000.00 4.40042% 5,095,000.00 18,683.46 0.00 0.00
B2 2,162,000.00 4.40042% 2,162,000.00 7,928.10 0.00 0.00
B3 1,389,000.00 4.40042% 1,389,000.00 5,093.49 0.00 0.00
B4 618,000.00 4.40042% 618,000.00 2,266.22 0.00 0.00
B5 463,000.00 4.40042% 463,000.00 1,697.83 0.00 0.00
B6 926,906.00 4.40042% 926,906.00 3,398.98 0.00 0.00
Totals 308,784,006.00 1,225,332.13 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 0.00 170,700.88 0.00 49,562,005.93
1AR 0.00 0.00 0.17 0.00 0.00
1ALR 0.00 0.00 0.66 0.00 0.00
2A1 0.00 0.00 823,098.79 0.00 222,953,665.46
2A2 0.00 0.00 99,450.06 0.00 24,985,618.01
1IO 0.00 0.00 26,393.55 0.00 51,349,534.88
2IO 0.00 0.00 66,620.43 0.00 256,800,494.51
B1 0.00 0.00 18,683.46 0.00 5,092,529.22
B2 0.00 0.00 7,928.10 0.00 2,160,951.55
B3 0.00 0.00 5,093.49 0.00 1,388,326.42
B4 0.00 0.00 2,266.22 0.00 617,700.31
B5 0.00 0.00 1,697.83 0.00 462,775.47
B6 0.00 0.00 3,398.98 0.00 926,456.50
Totals 0.00 0.00 1,225,332.62 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 50,048,000.00 4.09289% 1000.00000000 3.41074329 0.00000000 0.00000000
1AR 50.00 4.09289% 1000.00000000 3.40000000 0.00000000 0.00000000
1ALR 50.00 4.09289% 1000.00000000 3.40000000 0.00000000 0.00000000
2A1 223,082,000.00 4.42760% 1000.00000000 3.68966922 0.00000000 0.00000000
2A2 25,000,000.00 4.77360% 1000.00000000 3.97800240 0.00000000 0.00000000
1IO 0.00 0.61100% 1000.00000000 0.50916672 0.00000000 0.00000000
2IO 0.00 0.31113% 1000.00000000 0.25927668 0.00000000 0.00000000
B1 5,095,000.00 4.40042% 1000.00000000 3.66701865 0.00000000 0.00000000
B2 2,162,000.00 4.40042% 1000.00000000 3.66702128 0.00000000 0.00000000
B3 1,389,000.00 4.40042% 1000.00000000 3.66701944 0.00000000 0.00000000
B4 618,000.00 4.40042% 1000.00000000 3.66702265 0.00000000 0.00000000
B5 463,000.00 4.40042% 1000.00000000 3.66701944 0.00000000 0.00000000
B6 926,906.00 4.40042% 1000.00000000 3.66701694 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 3.41074329 0.00000000 990.28944074
1AR 0.00000000 0.00000000 3.40000000 0.00000000 0.00000000
1ALR 0.00000000 0.00000000 13.20000000 0.00000000 0.00000000
2A1 0.00000000 0.00000000 3.68966922 0.00000000 999.42472033
2A2 0.00000000 0.00000000 3.97800240 0.00000000 999.42472040
1IO 0.00000000 0.00000000 0.50916672 0.00000000 990.60089105
2IO 0.00000000 0.00000000 0.25927668 0.00000000 999.42884063
B1 0.00000000 0.00000000 3.66701865 0.00000000 999.51505790
B2 0.00000000 0.00000000 3.66702128 0.00000000 999.51505550
B3 0.00000000 0.00000000 3.66701944 0.00000000 999.51506120
B4 0.00000000 0.00000000 3.66702265 0.00000000 999.51506472
B5 0.00000000 0.00000000 3.66701944 0.00000000 999.51505400
B6 0.00000000 0.00000000 3.66701694 0.00000000 999.51505331
<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 1,930,969.32
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 1,930,969.32
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 71,659.57
Payment of Interest and Principal 1,859,309.75
Total Withdrawals (Pool Distribution Amount) 1,930,969.32
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 69,729.67
Trustee Fee - Wells Fargo Bank, N.A. 1,929.90
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 71,659.57
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%
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 ARM
Weighted Average Gross Coupon 5.040385%
Weighted Average Net Coupon 4.769401%
Weighted Average Pass-Through Rate 4.761901%
Weighted Average Maturity (Stepdown Calculation) 357
Beginning Scheduled Collateral Loan Count 590
Number Of Loans Paid In Full 1
Ending Scheduled Collateral Loan Count 589
Beginning Scheduled Collateral Balance 308,784,006.00
Ending Scheduled Collateral Balance 308,150,029.39
Ending Actual Collateral Balance at 28-Feb-2005 308,269,775.33
Monthly P&I Constant 1,446,733.71
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 149,741.71
Unscheduled Principal 484,235.42
Miscellaneous Reporting
Total Senior Percentage 96.549723%
Aggregate Senior Percentage 3.450277%
Group Level Collateral Statement
Group 1 2 Total
Collateral Description 3 Year LIBOR Arm 5 Year LIBOR Arm Mixed ARM
Weighted Average Coupon Rate 5.086393 5.031104 5.040385
Weighted Average Net Rate 4.711393 4.781104 4.769401
Weighted Average Maturity 357 357 357
Beginning Loan Count 103 487 590
Loans Paid In Full 1 0 1
Ending Loan Count 102 487 589
Beginning Scheduled Balance 51,836,754.18 256,947,252.34 308,784,006.52
Ending scheduled Balance 51,349,534.88 256,800,494.51 308,150,029.39
Record Date 02/28/2005 02/28/2005 02/28/2005
Principal And Interest Constant 252,328.61 1,194,405.10 1,446,733.71
Scheduled Principal 32,610.20 117,131.51 149,741.71
Unscheduled Principal 454,609.10 29,626.32 484,235.42
Scheduled Interest 219,718.41 1,077,273.59 1,296,992.00
Servicing Fees 16,198.99 53,530.68 69,729.67
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 323.98 1,605.92 1,929.90
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 203,195.44 1,022,136.99 1,225,332.43
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 4.703893 4.773604 4.761901
Miscellaneous Reporting
Group 1
CPR 10.036955%
Subordinate Percentage 3.450552%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.549448%
Group 2
CPR 0.138337%
Subordinate Percentage 3.450222%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.549778%