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 Loan Pass-Through Certificates, Series 2005-2 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-15 54-2168066
Pooling and Servicing Agreement) (Commission 54-2168067
(State or other File Number) 54-2168068
jurisdiction IRS EIN
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 Loan 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 Loan 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 MORTGAGE SECURITIES, INC.
Mortgage Loan 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
Loan Pass-Through Certificates, Series 2005-2 Trust,
relating to the March 25, 2005 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Loan Pass-Through Certificates
Record Date: 2/28/2005
Distribution Date: 3/25/2005
Banc of America Mortgage Securities, Inc.
Mortgage Loan Pass-Through Certificates
Series 2005-2
Contact: CTSLink Customer Service
Wells Fargo Bank, N.A.
Corporate Trust Services
9062 Old Annapolis Road
Columbia, MD 21045-1951
Telephone: (301) 815-6600
Fax: (301) 815-6600
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-A-1 05949AT34 SEN 4.18750% 40,000,000.00 139,583.33 154,872.81
1-A-2 05949AT42 SEN 5.05000% 16,025,000.00 67,438.54 0.00
1-A-3 05949AT59 SEN 5.50000% 24,557,000.00 112,552.92 0.00
1-A-4 05949AT67 SEN 5.50000% 0.00 4,941.04 0.00
1-A-5 05949AT75 SEN 5.50000% 0.00 43,750.00 0.00
1-A-6 05949AT83 SEN 5.50000% 72,700,000.00 333,208.33 604,861.96
1-A-7 05949AT91 SEN 5.50000% 38,143,000.00 174,822.08 44,253.98
1-A-8 05949AU24 SEN 5.50000% 1,215,000.00 5,568.75 (5,568.75)
1-A-9 05949AU32 SEN 5.50000% 4,251,000.00 19,483.75 340,362.69
1-A-10 05949AU40 SEN 5.50000% 13,613,000.00 62,392.92 23,904.85
1-A-11 05949AU57 SEN 5.50000% 5,352,000.00 24,530.00 (24,530.00)
1-A-12 05949AU65 SEN 5.50000% 356,000.00 1,631.67 625.15
1-A-13 05949AY38 SEN 5.50000% 22,018,000.00 100,915.83 0.00
1-A-R 05949AU73 SEN 5.50000% 50.00 0.23 50.00
1-A-LR 05949AU99 SEN 5.50000% 25.00 0.40 25.00
2-A-1 05949AV49 SEN 5.00000% 71,821,000.00 299,254.17 517,547.43
2-A-2 05949AV56 SEN 5.00000% 5,844,000.00 24,350.00 0.00
30-PO 05949AV31 STP 0.00000% 1,197,987.93 0.00 2,588.16
30-IO 05949AV23 IO 5.50000% 0.00 15,306.74 0.00
15-PO 05949AV72 STP 0.00000% 449,240.30 0.00 2,243.07
15-IO 05949AV64 IO 5.00000% 0.00 6,370.73 0.00
B-1 05949AV80 SUB 5.37700% 4,071,000.00 18,241.48 6,980.39
B-2 05949AV98 SUB 5.37700% 1,629,000.00 7,299.28 2,793.18
B-3 05949AW22 SUB 5.37700% 814,000.00 3,647.40 1,395.73
B-4 05949AW30 SUB 5.37700% 651,000.00 2,917.02 1,116.24
B-5 05949AW48 SUB 5.37700% 652,000.00 2,921.50 1,117.96
B-6 05949AW55 SUB 5.37700% 325,922.59 1,460.41 558.85
1-AMR 05949AU81 SEN 5.50000% 25.00 0.11 25.00
Totals 325,685,250.82 1,472,588.63 1,675,223.70
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-A-1 0.00 39,845,127.19 294,456.14 0.00
1-A-2 0.00 16,025,000.00 67,438.54 0.00
1-A-3 0.00 24,557,000.00 112,552.92 0.00
1-A-4 0.00 0.00 4,941.04 0.00
1-A-5 0.00 0.00 43,750.00 0.00
1-A-6 0.00 72,095,138.04 938,070.29 0.00
1-A-7 0.00 38,098,746.02 219,076.06 0.00
1-A-8 0.00 1,220,568.75 0.00 0.00
1-A-9 0.00 3,910,637.31 359,846.44 0.00
1-A-10 0.00 13,589,095.15 86,297.77 0.00
1-A-11 0.00 5,376,530.00 0.00 0.00
1-A-12 0.00 355,374.85 2,256.82 0.00
1-A-13 0.00 22,018,000.00 100,915.83 0.00
1-A-R 0.00 0.00 50.23 0.00
1-A-LR 0.00 0.00 25.40 0.00
2-A-1 0.00 71,303,452.57 816,801.60 0.00
2-A-2 0.00 5,844,000.00 24,350.00 0.00
30-PO 0.00 1,195,399.77 2,588.16 0.00
30-IO 0.00 0.00 15,306.74 0.00
15-PO 0.00 446,997.23 2,243.07 0.00
15-IO 0.00 0.00 6,370.73 0.00
B-1 0.00 4,064,019.61 25,221.87 0.00
B-2 0.00 1,626,206.82 10,092.46 0.00
B-3 0.00 812,604.27 5,043.13 0.00
B-4 0.00 649,883.76 4,033.26 0.00
B-5 0.00 650,882.04 4,039.46 0.00
B-6 0.00 325,363.62 2,019.26 0.00
1-AMR 0.00 0.00 25.11 0.00
Totals 0.00 324,010,027.00 3,147,812.33 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-A-1 40,000,000.00 40,000,000.00 33,915.45 120,957.36 0.00 0.00
1-A-2 16,025,000.00 16,025,000.00 0.00 0.00 0.00 0.00
1-A-3 24,557,000.00 24,557,000.00 0.00 0.00 0.00 0.00
1-A-4 0.00 0.00 0.00 0.00 0.00 0.00
1-A-5 0.00 0.00 0.00 0.00 0.00 0.00
1-A-6 72,700,000.00 72,700,000.00 132,458.16 472,403.81 0.00 0.00
1-A-7 38,143,000.00 38,143,000.00 9,691.14 34,562.84 0.00 0.00
1-A-8 1,215,000.00 1,215,000.00 0.00 0.00 (5,568.75) 0.00
1-A-9 4,251,000.00 4,251,000.00 78,802.44 281,044.01 (19,483.75) 0.00
1-A-10 13,613,000.00 13,613,000.00 5,234.90 18,669.95 0.00 0.00
1-A-11 5,352,000.00 5,352,000.00 0.00 0.00 (24,530.00) 0.00
1-A-12 356,000.00 356,000.00 136.90 488.25 0.00 0.00
1-A-13 22,018,000.00 22,018,000.00 0.00 0.00 0.00 0.00
1-A-R 50.00 50.00 10.95 39.05 0.00 0.00
1-A-LR 25.00 25.00 5.47 19.53 0.00 0.00
2-A-1 71,821,000.00 71,821,000.00 292,132.28 225,415.15 0.00 0.00
2-A-2 5,844,000.00 5,844,000.00 0.00 0.00 0.00 0.00
30-PO 1,197,987.93 1,197,987.93 1,318.09 1,270.06 0.00 0.00
30-IO 0.00 0.00 0.00 0.00 0.00 0.00
15-PO 449,240.30 449,240.30 1,762.97 480.10 0.00 0.00
15-IO 0.00 0.00 0.00 0.00 0.00 0.00
B-1 4,071,000.00 4,071,000.00 6,980.39 0.00 0.00 0.00
B-2 1,629,000.00 1,629,000.00 2,793.18 0.00 0.00 0.00
B-3 814,000.00 814,000.00 1,395.73 0.00 0.00 0.00
B-4 651,000.00 651,000.00 1,116.24 0.00 0.00 0.00
B-5 652,000.00 652,000.00 1,117.96 0.00 0.00 0.00
B-6 325,922.59 325,922.59 558.85 0.00 0.00 0.00
1-AMR 25.00 25.00 5.47 19.53 0.00 0.00
Totals 325,685,250.82 325,685,250.82 569,436.57 1,155,369.64 (49,582.50) 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-A-1 154,872.81 39,845,127.19 0.99612818 154,872.81
1-A-2 0.00 16,025,000.00 1.00000000 0.00
1-A-3 0.00 24,557,000.00 1.00000000 0.00
1-A-4 0.00 0.00 0.00000000 0.00
1-A-5 0.00 0.00 0.00000000 0.00
1-A-6 604,861.96 72,095,138.04 0.99168003 604,861.96
1-A-7 44,253.98 38,098,746.02 0.99883979 44,253.98
1-A-8 (5,568.75) 1,220,568.75 1.00458333 (5,568.75)
1-A-9 340,362.69 3,910,637.31 0.91993350 340,362.69
1-A-10 23,904.85 13,589,095.15 0.99824397 23,904.85
1-A-11 (24,530.00) 5,376,530.00 1.00458333 (24,530.00)
1-A-12 625.15 355,374.85 0.99824396 625.15
1-A-13 0.00 22,018,000.00 1.00000000 0.00
1-A-R 50.00 0.00 0.00000000 50.00
1-A-LR 25.00 0.00 0.00000000 25.00
2-A-1 517,547.43 71,303,452.57 0.99279393 517,547.43
2-A-2 0.00 5,844,000.00 1.00000000 0.00
30-PO 2,588.16 1,195,399.77 0.99783958 2,588.16
30-IO 0.00 0.00 0.00000000 0.00
15-PO 2,243.07 446,997.23 0.99500697 2,243.07
15-IO 0.00 0.00 0.00000000 0.00
B-1 6,980.39 4,064,019.61 0.99828534 6,980.39
B-2 2,793.18 1,626,206.82 0.99828534 2,793.18
B-3 1,395.73 812,604.27 0.99828534 1,395.73
B-4 1,116.24 649,883.76 0.99828535 1,116.24
B-5 1,117.96 650,882.04 0.99828534 1,117.96
B-6 558.85 325,363.62 0.99828496 558.85
1-AMR 25.00 0.00 0.00000000 25.00
Totals 1,675,223.70 324,010,027.00 0.99485631 1,675,223.70
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-A-1 40,000,000.00 1000.00000000 0.84788625 3.02393400 0.00000000
1-A-2 16,025,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-3 24,557,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-5 0.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-6 72,700,000.00 1000.00000000 1.82198294 6.49798913 0.00000000
1-A-7 38,143,000.00 1000.00000000 0.25407388 0.90613848 0.00000000
1-A-8 1,215,000.00 1000.00000000 0.00000000 0.00000000 (4.58333333)
1-A-9 4,251,000.00 1000.00000000 18.53738885 66.11244648 (4.58333333)
1-A-10 13,613,000.00 1000.00000000 0.38455153 1.37147947 0.00000000
1-A-11 5,352,000.00 1000.00000000 0.00000000 0.00000000 (4.58333333)
1-A-12 356,000.00 1000.00000000 0.38455056 1.37148876 0.00000000
1-A-13 22,018,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-R 50.00 1000.00000000 219.00000000 781.00000000 0.00000000
1-A-LR 25.00 1000.00000000 218.80000000 781.20000000 0.00000000
2-A-1 71,821,000.00 1000.00000000 4.06750505 3.13856880 0.00000000
2-A-2 5,844,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
30-PO 1,197,987.93 1000.00000000 1.10025316 1.06016093 0.00000000
30-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
15-PO 449,240.30 1000.00000000 3.92433626 1.06869308 0.00000000
15-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
B-1 4,071,000.00 1000.00000000 1.71466225 0.00000000 0.00000000
B-2 1,629,000.00 1000.00000000 1.71465930 0.00000000 0.00000000
B-3 814,000.00 1000.00000000 1.71465602 0.00000000 0.00000000
B-4 651,000.00 1000.00000000 1.71465438 0.00000000 0.00000000
B-5 652,000.00 1000.00000000 1.71466258 0.00000000 0.00000000
B-6 325,922.59 1000.00000000 1.71467096 0.00000000 0.00000000
1-AMR 25.00 1000.00000000 218.80000000 781.20000000 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>
1-A-1 0.00000000 3.87182025 996.12817975 0.99612818 3.87182025
1-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-5 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-6 0.00000000 8.31997194 991.68002806 0.99168003 8.31997194
1-A-7 0.00000000 1.16021236 998.83978764 0.99883979 1.16021236
1-A-8 0.00000000 (4.58333333) 1,004.58333333 1.00458333 (4.58333333)
1-A-9 0.00000000 80.06649965 919.93350035 0.91993350 80.06649965
1-A-10 0.00000000 1.75603100 998.24396900 0.99824397 1.75603100
1-A-11 0.00000000 (4.58333333) 1,004.58333333 1.00458333 (4.58333333)
1-A-12 0.00000000 1.75603933 998.24396067 0.99824396 1.75603933
1-A-13 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-R 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000
1-A-LR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000
2-A-1 0.00000000 7.20607385 992.79392615 0.99279393 7.20607385
2-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
30-PO 0.00000000 2.16042243 997.83957757 0.99783958 2.16042243
30-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
15-PO 0.00000000 4.99302934 995.00697066 0.99500697 4.99302934
15-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 1.71466225 998.28533775 0.99828534 1.71466225
B-2 0.00000000 1.71465930 998.28534070 0.99828534 1.71465930
B-3 0.00000000 1.71465602 998.28534398 0.99828534 1.71465602
B-4 0.00000000 1.71465438 998.28534562 0.99828535 1.71465438
B-5 0.00000000 1.71466258 998.28533742 0.99828534 1.71466258
B-6 0.00000000 1.71467096 998.28496086 0.99828496 1.71467096
1-AMR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000
<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-A-1 40,000,000.00 4.18750% 40,000,000.00 139,583.33 0.00 0.00
1-A-2 16,025,000.00 5.05000% 16,025,000.00 67,438.54 0.00 0.00
1-A-3 24,557,000.00 5.50000% 24,557,000.00 112,552.92 0.00 0.00
1-A-4 0.00 5.50000% 1,078,045.00 4,941.04 0.00 0.00
1-A-5 0.00 5.50000% 9,545,454.00 43,750.00 0.00 0.00
1-A-6 72,700,000.00 5.50000% 72,700,000.00 333,208.33 0.00 0.00
1-A-7 38,143,000.00 5.50000% 38,143,000.00 174,822.08 0.00 0.00
1-A-8 1,215,000.00 5.50000% 1,215,000.00 5,568.75 0.00 0.00
1-A-9 4,251,000.00 5.50000% 4,251,000.00 19,483.75 0.00 0.00
1-A-10 13,613,000.00 5.50000% 13,613,000.00 62,392.92 0.00 0.00
1-A-11 5,352,000.00 5.50000% 5,352,000.00 24,530.00 0.00 0.00
1-A-12 356,000.00 5.50000% 356,000.00 1,631.67 0.00 0.00
1-A-13 22,018,000.00 5.50000% 22,018,000.00 100,915.83 0.00 0.00
1-A-R 50.00 5.50000% 50.00 0.23 0.00 0.00
1-A-LR 25.00 5.50000% 25.00 0.11 0.00 0.00
2-A-1 71,821,000.00 5.00000% 71,821,000.00 299,254.17 0.00 0.00
2-A-2 5,844,000.00 5.00000% 5,844,000.00 24,350.00 0.00 0.00
30-PO 1,197,987.93 0.00000% 1,197,987.93 0.00 0.00 0.00
30-IO 0.00 5.50000% 3,339,651.40 15,306.74 0.00 0.00
15-PO 449,240.30 0.00000% 449,240.30 0.00 0.00 0.00
15-IO 0.00 5.00000% 1,528,974.87 6,370.73 0.00 0.00
B-1 4,071,000.00 5.37700% 4,071,000.00 18,241.48 0.00 0.00
B-2 1,629,000.00 5.37700% 1,629,000.00 7,299.28 0.00 0.00
B-3 814,000.00 5.37700% 814,000.00 3,647.40 0.00 0.00
B-4 651,000.00 5.37700% 651,000.00 2,917.02 0.00 0.00
B-5 652,000.00 5.37700% 652,000.00 2,921.50 0.00 0.00
B-6 325,922.59 5.37700% 325,922.59 1,460.41 0.00 0.00
1-AMR 25.00 5.50000% 25.00 0.11 0.00 0.00
Totals 325,685,250.82 1,472,588.34 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-A-1 0.00 0.00 139,583.33 0.00 39,845,127.19
1-A-2 0.00 0.00 67,438.54 0.00 16,025,000.00
1-A-3 0.00 0.00 112,552.92 0.00 24,557,000.00
1-A-4 0.00 0.00 4,941.04 0.00 1,078,045.45
1-A-5 0.00 0.00 43,750.00 0.00 9,508,496.26
1-A-6 0.00 0.00 333,208.33 0.00 72,095,138.04
1-A-7 0.00 0.00 174,822.08 0.00 38,098,746.02
1-A-8 0.00 0.00 5,568.75 0.00 1,220,568.75
1-A-9 0.00 0.00 19,483.75 0.00 3,910,637.31
1-A-10 0.00 0.00 62,392.92 0.00 13,589,095.15
1-A-11 0.00 0.00 24,530.00 0.00 5,376,530.00
1-A-12 0.00 0.00 1,631.67 0.00 355,374.85
1-A-13 0.00 0.00 100,915.83 0.00 22,018,000.00
1-A-R 0.00 0.00 0.23 0.00 0.00
1-A-LR 0.00 0.00 0.40 0.00 0.00
2-A-1 0.00 0.00 299,254.17 0.00 71,303,452.57
2-A-2 0.00 0.00 24,350.00 0.00 5,844,000.00
30-PO 0.00 0.00 0.00 0.00 1,195,399.77
30-IO 0.00 0.00 15,306.74 0.00 3,336,086.85
15-PO 0.00 0.00 0.00 0.00 446,997.23
15-IO 0.00 0.00 6,370.73 0.00 1,522,926.54
B-1 0.00 0.00 18,241.48 0.00 4,064,019.61
B-2 0.00 0.00 7,299.28 0.00 1,626,206.82
B-3 0.00 0.00 3,647.40 0.00 812,604.27
B-4 0.00 0.00 2,917.02 0.00 649,883.76
B-5 0.00 0.00 2,921.50 0.00 650,882.04
B-6 0.00 0.00 1,460.41 0.00 325,363.62
1-AMR 0.00 0.00 0.11 0.00 0.00
Totals 0.00 0.00 1,472,588.63 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-A-1 40,000,000.00 4.18750% 1000.00000000 3.48958325 0.00000000 0.00000000
1-A-2 16,025,000.00 5.05000% 1000.00000000 4.20833323 0.00000000 0.00000000
1-A-3 24,557,000.00 5.50000% 1000.00000000 4.58333347 0.00000000 0.00000000
1-A-4 0.00 5.50000% 1000.00000000 4.58333372 0.00000000 0.00000000
1-A-5 0.00 5.50000% 1000.00000000 4.58333360 0.00000000 0.00000000
1-A-6 72,700,000.00 5.50000% 1000.00000000 4.58333329 0.00000000 0.00000000
1-A-7 38,143,000.00 5.50000% 1000.00000000 4.58333325 0.00000000 0.00000000
1-A-8 1,215,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
1-A-9 4,251,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
1-A-10 13,613,000.00 5.50000% 1000.00000000 4.58333358 0.00000000 0.00000000
1-A-11 5,352,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
1-A-12 356,000.00 5.50000% 1000.00000000 4.58334270 0.00000000 0.00000000
1-A-13 22,018,000.00 5.50000% 1000.00000000 4.58333318 0.00000000 0.00000000
1-A-R 50.00 5.50000% 1000.00000000 4.60000000 0.00000000 0.00000000
1-A-LR 25.00 5.50000% 1000.00000000 4.40000000 0.00000000 0.00000000
2-A-1 71,821,000.00 5.00000% 1000.00000000 4.16666671 0.00000000 0.00000000
2-A-2 5,844,000.00 5.00000% 1000.00000000 4.16666667 0.00000000 0.00000000
30-PO 1,197,987.93 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
30-IO 0.00 5.50000% 1000.00000000 4.58333466 0.00000000 0.00000000
15-PO 449,240.30 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
15-IO 0.00 5.00000% 1000.00000000 4.16666757 0.00000000 0.00000000
B-1 4,071,000.00 5.37700% 1000.00000000 4.48083518 0.00000000 0.00000000
B-2 1,629,000.00 5.37700% 1000.00000000 4.48083487 0.00000000 0.00000000
B-3 814,000.00 5.37700% 1000.00000000 4.48083538 0.00000000 0.00000000
B-4 651,000.00 5.37700% 1000.00000000 4.48082949 0.00000000 0.00000000
B-5 652,000.00 5.37700% 1000.00000000 4.48082822 0.00000000 0.00000000
B-6 325,922.59 5.37700% 1000.00000000 4.48084927 0.00000000 0.00000000
1-AMR 25.00 5.50000% 1000.00000000 4.40000000 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>
1-A-1 0.00000000 0.00000000 3.48958325 0.00000000 996.12817975
1-A-2 0.00000000 0.00000000 4.20833323 0.00000000 1000.00000000
1-A-3 0.00000000 0.00000000 4.58333347 0.00000000 1000.00000000
1-A-4 0.00000000 0.00000000 4.58333372 0.00000000 1000.00041742
1-A-5 0.00000000 0.00000000 4.58333360 0.00000000 996.12823654
1-A-6 0.00000000 0.00000000 4.58333329 0.00000000 991.68002806
1-A-7 0.00000000 0.00000000 4.58333325 0.00000000 998.83978764
1-A-8 0.00000000 0.00000000 4.58333333 0.00000000 1004.58333333
1-A-9 0.00000000 0.00000000 4.58333333 0.00000000 919.93350035
1-A-10 0.00000000 0.00000000 4.58333358 0.00000000 998.24396900
1-A-11 0.00000000 0.00000000 4.58333333 0.00000000 1004.58333333
1-A-12 0.00000000 0.00000000 4.58334270 0.00000000 998.24396067
1-A-13 0.00000000 0.00000000 4.58333318 0.00000000 1000.00000000
1-A-R 0.00000000 0.00000000 4.60000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 16.00000000 0.00000000 0.00000000
2-A-1 0.00000000 0.00000000 4.16666671 0.00000000 992.79392615
2-A-2 0.00000000 0.00000000 4.16666667 0.00000000 1000.00000000
30-PO 0.00000000 0.00000000 0.00000000 0.00000000 997.83957757
30-IO 0.00000000 0.00000000 4.58333466 0.00000000 998.93265806
15-PO 0.00000000 0.00000000 0.00000000 0.00000000 995.00697066
15-IO 0.00000000 0.00000000 4.16666757 0.00000000 996.04419267
B-1 0.00000000 0.00000000 4.48083518 0.00000000 998.28533775
B-2 0.00000000 0.00000000 4.48083487 0.00000000 998.28534070
B-3 0.00000000 0.00000000 4.48083538 0.00000000 998.28534398
B-4 0.00000000 0.00000000 4.48082949 0.00000000 998.28534562
B-5 0.00000000 0.00000000 4.48082822 0.00000000 998.28533742
B-6 0.00000000 0.00000000 4.48084927 0.00000000 998.28496086
1-AMR 0.00000000 0.00000000 4.40000000 0.00000000 0.00000000
<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>
30-PO-1 0.00000% 0.00 0.00 1,197,987.93 1,195,399.77 99.78395776%
15-PO-2 0.00000% 0.00 0.00 449,240.30 446,997.23 99.50069707%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 3,218,767.29
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 3,218,767.29
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 70,954.96
Payment of Interest and Principal 3,147,812.33
Total Withdrawals (Pool Distribution Amount) 3,218,767.29
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 67,851.10
Assured Guaranty fee 1,068.33
Trustee Fee 2,035.53
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 70,954.96
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Financial Guaranty 0.00 0.00 0.00 0.00
Reserve Fund 10,000.00 0.00 0.00 10,000.00
Reserve Fund 999.99 0.00 0.00 999.99
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 - 30 Year Fixed 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 - 15 Year Fixed 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 5.687246%
Weighted Average Net Coupon 5.437246%
Weighted Average Pass-Through Rate 5.429746%
Weighted Average Maturity (Stepdown Calculation) 267
Beginning Scheduled Collateral Loan Count 604
Number Of Loans Paid In Full 1
Ending Scheduled Collateral Loan Count 603
Beginning Scheduled Collateral Balance 325,685,250.82
Ending Scheduled Collateral Balance 324,010,026.99
Ending Actual Collateral Balance at 28-Feb-2005 324,428,337.11
Monthly P&I Constant 2,102,121.98
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 558,578.56
Unscheduled Principal 1,116,645.15
Miscellaneous Reporting
Senior % 97.487047%
Subordinate % 2.512953%
Group Level Collateral Statement
Group 1 - 30 Year Fixed 2 - 15 Year Fixed Total
Collateral Description Fixed 30 Year Fixed 15 Year Mixed Fixed
Weighted Average Coupon Rate 5.805467 5.324885 5.687246
Weighted Average Net Rate 5.555467 5.074885 5.437246
Weighted Average Maturity 357 177 267
Beginning Loan Count 458 146 604
Loans Paid In Full 1 0 1
Ending Loan Count 457 146 603
Beginning Scheduled Balance 245,567,895.54 80,117,355.16 325,685,250.70
Ending scheduled Balance 244,419,996.93 79,590,030.06 324,010,026.99
Record Date 02/28/2005 02/28/2005 02/28/2005
Principal And Interest Constant 1,445,179.05 656,942.93 2,102,121.98
Scheduled Principal 257,148.71 301,429.85 558,578.56
Unscheduled Principal 890,749.90 225,895.25 1,116,645.15
Scheduled Interest 1,188,030.34 355,513.08 1,543,543.42
Servicing Fees 51,159.98 16,691.12 67,851.10
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,534.80 500.73 2,035.53
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 1,135,335.56 338,321.23 1,473,656.79
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 5.547967 5.067385 5.429746
Miscellaneous Reporting
Group 1 - 30 Year Fixed
CPR 4.271354%
Subordinate % 2.512506%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 97.487494%
Group 2 - 15 Year Fixed
CPR 3.343873%
Subordinate % 2.514324%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 97.485676%