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): April 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 April 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
April 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: 4/25/2005
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 April 25, 2005 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Loan Pass-Through Certificates
Record Date: 3/31/2005
Distribution Date: 4/25/2005
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% 39,845,127.19 139,042.89 174,527.56
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 43,580.61 0.00
1-A-6 05949AT83 SEN 5.50000% 72,095,138.04 330,436.05 2,367,274.12
1-A-7 05949AT91 SEN 5.50000% 38,098,746.02 174,619.25 53,942.49
1-A-8 05949AU24 SEN 5.50000% 1,220,568.75 5,594.27 (5,594.27)
1-A-9 05949AU32 SEN 5.50000% 3,910,637.31 17,923.75 1,866,752.61
1-A-10 05949AU40 SEN 5.50000% 13,589,095.15 62,283.35 24,014.42
1-A-11 05949AU57 SEN 5.50000% 5,376,530.00 24,642.43 (24,642.43)
1-A-12 05949AU65 SEN 5.50000% 355,374.85 1,628.80 628.01
1-A-13 05949AY38 SEN 5.50000% 22,018,000.00 100,915.83 0.00
1-A-R 05949AU73 SEN 5.50000% 0.00 0.00 0.00
1-A-LR 05949AU99 SEN 5.50000% 0.00 0.16 0.00
2-A-1 05949AV49 SEN 5.00000% 71,303,452.57 297,097.72 576,063.60
2-A-2 05949AV56 SEN 5.00000% 5,844,000.00 24,350.00 0.00
30-PO 05949AV31 STP 0.00000% 1,195,399.77 0.00 1,900.69
30-IO 05949AV23 IO 5.50000% 0.00 15,290.40 0.00
15-PO 05949AV72 STP 0.00000% 446,997.23 0.00 2,336.21
15-IO 05949AV64 IO 5.00000% 0.00 6,345.53 0.00
B-1 05949AV80 SUB 5.37726% 4,064,019.61 18,211.06 7,037.28
B-2 05949AV98 SUB 5.37726% 1,626,206.82 7,287.11 2,815.95
B-3 05949AW22 SUB 5.37726% 812,604.27 3,641.32 1,407.11
B-4 05949AW30 SUB 5.37726% 649,883.76 2,912.16 1,125.34
B-5 05949AW48 SUB 5.37726% 650,882.04 2,916.63 1,127.07
B-6 05949AW55 SUB 5.37726% 325,363.62 1,457.97 563.40
1-AMR 05949AU81 SEN 5.50000% 0.00 0.00 0.00
Totals 324,010,027.00 1,465,109.79 5,051,279.16
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 39,670,599.63 313,570.45 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 43,580.61 0.00
1-A-6 0.00 69,727,863.92 2,697,710.17 0.00
1-A-7 0.00 38,044,803.53 228,561.74 0.00
1-A-8 0.00 1,226,163.02 0.00 0.00
1-A-9 0.00 2,043,884.70 1,884,676.36 0.00
1-A-10 0.00 13,565,080.73 86,297.77 0.00
1-A-11 0.00 5,401,172.43 0.00 0.00
1-A-12 0.00 354,746.84 2,256.81 0.00
1-A-13 0.00 22,018,000.00 100,915.83 0.00
1-A-R 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.16 0.00
2-A-1 0.00 70,727,388.97 873,161.32 0.00
2-A-2 0.00 5,844,000.00 24,350.00 0.00
30-PO 0.00 1,193,499.09 1,900.69 0.00
30-IO 0.00 0.00 15,290.40 0.00
15-PO 0.00 444,661.02 2,336.21 0.00
15-IO 0.00 0.00 6,345.53 0.00
B-1 0.00 4,056,982.33 25,248.34 0.00
B-2 0.00 1,623,390.87 10,103.06 0.00
B-3 0.00 811,197.15 5,048.43 0.00
B-4 0.00 648,758.41 4,037.50 0.00
B-5 0.00 649,754.97 4,043.70 0.00
B-6 0.00 324,800.22 2,021.37 0.00
1-AMR 0.00 0.00 0.00 0.00
Totals 0.00 318,958,747.83 6,516,388.95 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 39,845,127.19 9,781.20 164,746.36 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 72,095,138.04 132,671.23 2,234,602.89 0.00 0.00
1-A-7 38,143,000.00 38,098,746.02 3,023.15 50,919.35 0.00 0.00
1-A-8 1,215,000.00 1,220,568.75 0.00 0.00 (5,594.27) 0.00
1-A-9 4,251,000.00 3,910,637.31 105,624.58 1,779,051.79 (17,923.75) 0.00
1-A-10 13,613,000.00 13,589,095.15 1,345.86 22,668.56 0.00 0.00
1-A-11 5,352,000.00 5,376,530.00 0.00 0.00 (24,642.43) 0.00
1-A-12 356,000.00 355,374.85 35.20 592.82 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 0.00 0.00 0.00 0.00 0.00
1-A-LR 25.00 0.00 0.00 0.00 0.00 0.00
2-A-1 71,821,000.00 71,303,452.57 294,369.21 281,694.39 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 1,195,399.77 1,323.30 577.39 0.00 0.00
30-IO 0.00 0.00 0.00 0.00 0.00 0.00
15-PO 449,240.30 446,997.23 1,772.41 563.79 0.00 0.00
15-IO 0.00 0.00 0.00 0.00 0.00 0.00
B-1 4,071,000.00 4,064,019.61 7,037.28 0.00 0.00 0.00
B-2 1,629,000.00 1,626,206.82 2,815.95 0.00 0.00 0.00
B-3 814,000.00 812,604.27 1,407.11 0.00 0.00 0.00
B-4 651,000.00 649,883.76 1,125.34 0.00 0.00 0.00
B-5 652,000.00 650,882.04 1,127.07 0.00 0.00 0.00
B-6 325,922.59 325,363.62 563.40 0.00 0.00 0.00
1-AMR 25.00 0.00 0.00 0.00 0.00 0.00
Totals 325,685,250.82 324,010,027.00 564,022.29 4,535,417.34 (48,160.45) 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-1 174,527.56 39,670,599.63 0.99176499 174,527.56
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 2,367,274.12 69,727,863.92 0.95911780 2,367,274.12
1-A-7 53,942.49 38,044,803.53 0.99742557 53,942.49
1-A-8 (5,594.27) 1,226,163.02 1.00918767 (5,594.27)
1-A-9 1,866,752.61 2,043,884.70 0.48080092 1,866,752.61
1-A-10 24,014.42 13,565,080.73 0.99647989 24,014.42
1-A-11 (24,642.43) 5,401,172.43 1.00918767 (24,642.43)
1-A-12 628.01 354,746.84 0.99647989 628.01
1-A-13 0.00 22,018,000.00 1.00000000 0.00
1-A-R 0.00 0.00 0.00000000 0.00
1-A-LR 0.00 0.00 0.00000000 0.00
2-A-1 576,063.60 70,727,388.97 0.98477310 576,063.60
2-A-2 0.00 5,844,000.00 1.00000000 0.00
30-PO 1,900.69 1,193,499.09 0.99625302 1,900.69
30-IO 0.00 0.00 0.00000000 0.00
15-PO 2,336.21 444,661.02 0.98980661 2,336.21
15-IO 0.00 0.00 0.00000000 0.00
B-1 7,037.28 4,056,982.33 0.99655670 7,037.28
B-2 2,815.95 1,623,390.87 0.99655670 2,815.95
B-3 1,407.11 811,197.15 0.99655670 1,407.11
B-4 1,125.34 648,758.41 0.99655670 1,125.34
B-5 1,127.07 649,754.97 0.99655670 1,127.07
B-6 563.40 324,800.22 0.99655633 563.40
1-AMR 0.00 0.00 0.00000000 0.00
Totals 5,051,279.16 318,958,747.83 0.97934661 5,051,279.16
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 40,000,000.00 996.12817975 0.24453000 4.11865900 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 72,700,000.00 991.68002806 1.82491376 30.73731623 0.00000000
1-A-7 38,143,000.00 998.83978764 0.07925832 1.33495923 0.00000000
1-A-8 1,215,000.00 1004.58333333 0.00000000 0.00000000 (4.60433745)
1-A-9 4,251,000.00 919.93350035 24.84699600 418.50195013 (4.21636086)
1-A-10 13,613,000.00 998.24396900 0.09886579 1.66521413 0.00000000
1-A-11 5,352,000.00 1004.58333333 0.00000000 0.00000000 (4.60434043)
1-A-12 356,000.00 998.24396067 0.09887640 1.66522472 0.00000000
1-A-13 22,018,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 25.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 71,821,000.00 992.79392615 4.09865095 3.92217304 0.00000000
2-A-2 5,844,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
30-PO 1,197,987.93 997.83957757 1.10460211 0.48196646 0.00000000
30-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
15-PO 449,240.30 995.00697066 3.94534952 1.25498536 0.00000000
15-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
B-1 4,071,000.00 998.28533775 1.72863670 0.00000000 0.00000000
B-2 1,629,000.00 998.28534070 1.72863720 0.00000000 0.00000000
B-3 814,000.00 998.28534398 1.72863636 0.00000000 0.00000000
B-4 651,000.00 998.28534562 1.72863287 0.00000000 0.00000000
B-5 652,000.00 998.28533742 1.72863497 0.00000000 0.00000000
B-6 325,922.59 998.28496086 1.72863133 0.00000000 0.00000000
1-AMR 25.00 0.00000000 0.00000000 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>
1-A-1 0.00000000 4.36318900 991.76499075 0.99176499 4.36318900
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 32.56222999 959.11779807 0.95911780 32.56222999
1-A-7 0.00000000 1.41421729 997.42557035 0.99742557 1.41421729
1-A-8 0.00000000 (4.60433745) 1,009.18767078 1.00918767 (4.60433745)
1-A-9 0.00000000 439.13258292 480.80091743 0.48080092 439.13258292
1-A-10 0.00000000 1.76407992 996.47988908 0.99647989 1.76407992
1-A-11 0.00000000 (4.60434043) 1,009.18767377 1.00918767 (4.60434043)
1-A-12 0.00000000 1.76407303 996.47988764 0.99647989 1.76407303
1-A-13 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 8.02082399 984.77310216 0.98477310 8.02082399
2-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
30-PO 0.00000000 1.58656857 996.25301734 0.99625302 1.58656857
30-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
15-PO 0.00000000 5.20035714 989.80661352 0.98980661 5.20035714
15-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 1.72863670 996.55670106 0.99655670 1.72863670
B-2 0.00000000 1.72863720 996.55670350 0.99655670 1.72863720
B-3 0.00000000 1.72863636 996.55669533 0.99655670 1.72863636
B-4 0.00000000 1.72863287 996.55669739 0.99655670 1.72863287
B-5 0.00000000 1.72863497 996.55670245 0.99655670 1.72863497
B-6 0.00000000 1.72863133 996.55632953 0.99655633 1.72863133
1-AMR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<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% 39,845,127.19 139,042.89 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% 1,078,045.45 4,941.04 0.00 0.00
1-A-5 0.00 5.50000% 9,508,496.26 43,580.61 0.00 0.00
1-A-6 72,700,000.00 5.50000% 72,095,138.04 330,436.05 0.00 0.00
1-A-7 38,143,000.00 5.50000% 38,098,746.02 174,619.25 0.00 0.00
1-A-8 1,215,000.00 5.50000% 1,220,568.75 5,594.27 0.00 0.00
1-A-9 4,251,000.00 5.50000% 3,910,637.31 17,923.75 0.00 0.00
1-A-10 13,613,000.00 5.50000% 13,589,095.15 62,283.35 0.00 0.00
1-A-11 5,352,000.00 5.50000% 5,376,530.00 24,642.43 0.00 0.00
1-A-12 356,000.00 5.50000% 355,374.85 1,628.80 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% 0.00 0.00 0.00 0.00
1-A-LR 25.00 5.50000% 0.00 0.00 0.00 0.00
2-A-1 71,821,000.00 5.00000% 71,303,452.57 297,097.72 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% 1,195,399.77 0.00 0.00 0.00
30-IO 0.00 5.50000% 3,336,086.85 15,290.40 0.00 0.00
15-PO 449,240.30 0.00000% 446,997.23 0.00 0.00 0.00
15-IO 0.00 5.00000% 1,522,926.54 6,345.53 0.00 0.00
B-1 4,071,000.00 5.37726% 4,064,019.61 18,211.06 0.00 0.00
B-2 1,629,000.00 5.37726% 1,626,206.82 7,287.11 0.00 0.00
B-3 814,000.00 5.37726% 812,604.27 3,641.32 0.00 0.00
B-4 651,000.00 5.37726% 649,883.76 2,912.16 0.00 0.00
B-5 652,000.00 5.37726% 650,882.04 2,916.63 0.00 0.00
B-6 325,922.59 5.37726% 325,363.62 1,457.97 0.00 0.00
1-AMR 25.00 5.50000% 0.00 0.00 0.00 0.00
Totals 325,685,250.82 1,465,109.63 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 0.00 139,042.89 0.00 39,670,599.63
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 43,580.61 0.00 9,466,847.63
1-A-6 0.00 0.00 330,436.05 0.00 69,727,863.92
1-A-7 0.00 0.00 174,619.25 0.00 38,044,803.53
1-A-8 0.00 0.00 5,594.27 0.00 1,226,163.02
1-A-9 0.00 0.00 17,923.75 0.00 2,043,884.70
1-A-10 0.00 0.00 62,283.35 0.00 13,565,080.73
1-A-11 0.00 0.00 24,642.43 0.00 5,401,172.43
1-A-12 0.00 0.00 1,628.80 0.00 354,746.84
1-A-13 0.00 0.00 100,915.83 0.00 22,018,000.00
1-A-R 0.00 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.16 0.00 0.00
2-A-1 0.00 0.00 297,097.72 0.00 70,727,388.97
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 1,193,499.09
30-IO 0.00 0.00 15,290.40 0.00 3,235,346.85
15-PO 0.00 0.00 0.00 0.00 444,661.02
15-IO 0.00 0.00 6,345.53 0.00 1,517,073.95
B-1 0.00 0.00 18,211.06 0.00 4,056,982.33
B-2 0.00 0.00 7,287.11 0.00 1,623,390.87
B-3 0.00 0.00 3,641.32 0.00 811,197.15
B-4 0.00 0.00 2,912.16 0.00 648,758.41
B-5 0.00 0.00 2,916.63 0.00 649,754.97
B-6 0.00 0.00 1,457.97 0.00 324,800.22
1-AMR 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 1,465,109.79 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% 996.12817975 3.47607225 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% 1000.00041742 4.58333372 0.00000000 0.00000000
1-A-5 0.00 5.50000% 996.12823654 4.56558798 0.00000000 0.00000000
1-A-6 72,700,000.00 5.50000% 991.68002806 4.54520014 0.00000000 0.00000000
1-A-7 38,143,000.00 5.50000% 998.83978764 4.57801563 0.00000000 0.00000000
1-A-8 1,215,000.00 5.50000% 1004.58333333 4.60433745 0.00000000 0.00000000
1-A-9 4,251,000.00 5.50000% 919.93350035 4.21636086 0.00000000 0.00000000
1-A-10 13,613,000.00 5.50000% 998.24396900 4.57528465 0.00000000 0.00000000
1-A-11 5,352,000.00 5.50000% 1004.58333333 4.60434043 0.00000000 0.00000000
1-A-12 356,000.00 5.50000% 998.24396067 4.57528090 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% 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 25.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 71,821,000.00 5.00000% 992.79392615 4.13664137 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% 997.83957757 0.00000000 0.00000000 0.00000000
30-IO 0.00 5.50000% 998.93265806 4.57844193 0.00000000 0.00000000
15-PO 449,240.30 0.00000% 995.00697066 0.00000000 0.00000000 0.00000000
15-IO 0.00 5.00000% 996.04419267 4.15018593 0.00000000 0.00000000
B-1 4,071,000.00 5.37726% 998.28533775 4.47336281 0.00000000 0.00000000
B-2 1,629,000.00 5.37726% 998.28534070 4.47336403 0.00000000 0.00000000
B-3 814,000.00 5.37726% 998.28534398 4.47336609 0.00000000 0.00000000
B-4 651,000.00 5.37726% 998.28534562 4.47336406 0.00000000 0.00000000
B-5 652,000.00 5.37726% 998.28533742 4.47335890 0.00000000 0.00000000
B-6 325,922.59 5.37726% 998.28496086 4.47336283 0.00000000 0.00000000
1-AMR 25.00 5.50000% 0.00000000 0.00000000 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 3.47607225 0.00000000 991.76499075
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 4.56558798 0.00000000 991.76504648
1-A-6 0.00000000 0.00000000 4.54520014 0.00000000 959.11779807
1-A-7 0.00000000 0.00000000 4.57801563 0.00000000 997.42557035
1-A-8 0.00000000 0.00000000 4.60433745 0.00000000 1009.18767078
1-A-9 0.00000000 0.00000000 4.21636086 0.00000000 480.80091743
1-A-10 0.00000000 0.00000000 4.57528465 0.00000000 996.47988908
1-A-11 0.00000000 0.00000000 4.60434043 0.00000000 1009.18767377
1-A-12 0.00000000 0.00000000 4.57528090 0.00000000 996.47988764
1-A-13 0.00000000 0.00000000 4.58333318 0.00000000 1000.00000000
1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 6.40000000 0.00000000 0.00000000
2-A-1 0.00000000 0.00000000 4.13664137 0.00000000 984.77310216
2-A-2 0.00000000 0.00000000 4.16666667 0.00000000 1000.00000000
30-PO 0.00000000 0.00000000 0.00000000 0.00000000 996.25301734
30-IO 0.00000000 0.00000000 4.57844193 0.00000000 968.76783307
15-PO 0.00000000 0.00000000 0.00000000 0.00000000 989.80661352
15-IO 0.00000000 0.00000000 4.15018593 0.00000000 992.21640575
B-1 0.00000000 0.00000000 4.47336281 0.00000000 996.55670106
B-2 0.00000000 0.00000000 4.47336403 0.00000000 996.55670350
B-3 0.00000000 0.00000000 4.47336609 0.00000000 996.55669533
B-4 0.00000000 0.00000000 4.47336406 0.00000000 996.55669739
B-5 0.00000000 0.00000000 4.47335890 0.00000000 996.55670245
B-6 0.00000000 0.00000000 4.47336283 0.00000000 996.55632953
1-AMR 0.00000000 0.00000000 0.00000000 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 1,195,399.77 1,193,499.09 99.62530173%
15-PO-2 0.00000% 0.00 0.00 446,997.23 444,661.02 98.98066135%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 6,586,984.43
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 6,586,984.43
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 70,595.48
Payment of Interest and Principal 6,516,388.95
Total Withdrawals (Pool Distribution Amount) 6,586,984.43
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 67,502.09
Assured Guaranty fee 1,068.33
Trustee Fee 2,025.06
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 70,595.48
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
Rounding Account 1-A-2 999.99 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 5 0 0 0 5
3,193,927.94 0.00 0.00 0.00 3,193,927.94
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
3,193,927.94 0.00 0.00 0.00 3,193,927.94
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 0.836120% 0.000000% 0.000000% 0.000000% 0.836120%
1.000037% 0.000000% 0.000000% 0.000000% 1.000037%
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 0.836120% 0.000000% 0.000000% 0.000000% 0.836120%
1.000037% 0.000000% 0.000000% 0.000000% 1.000037%
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 2 0 0 0 2
1,630,180.45 0.00 0.00 0.00 1,630,180.45
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
1,630,180.45 0.00 0.00 0.00 1,630,180.45
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.442478% 0.000000% 0.000000% 0.000000% 0.442478%
0.678795% 0.000000% 0.000000% 0.000000% 0.678795%
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 0.442478% 0.000000% 0.000000% 0.000000% 0.442478%
0.678795% 0.000000% 0.000000% 0.000000% 0.678795%
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 3 0 0 0 3
1,563,747.49 0.00 0.00 0.00 1,563,747.49
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 3 0 0 0 3
1,563,747.49 0.00 0.00 0.00 1,563,747.49
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 2.054795% 0.000000% 0.000000% 0.000000% 2.054795%
1.973860% 0.000000% 0.000000% 0.000000% 1.973860%
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 2.054795% 0.000000% 0.000000% 0.000000% 2.054795%
1.973860% 0.000000% 0.000000% 0.000000% 1.973860%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 21,639.73
COLLATERAL STATEMENT
Collateral Description Mixed Fixed
Weighted Average Gross Coupon 5.687609%
Weighted Average Net Coupon 5.437609%
Weighted Average Pass-Through Rate 5.430109%
Weighted Average Maturity(Stepdown Calculation ) 266
Beginning Scheduled Collateral Loan Count 603
Number Of Loans Paid In Full 5
Ending Scheduled Collateral Loan Count 598
Beginning Scheduled Collateral Balance 324,010,026.99
Ending Scheduled Collateral Balance 318,958,747.83
Ending Actual Collateral Balance at 31-Mar-2005 319,380,866.69
Monthly P &I Constant 2,097,025.28
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 561,323.20
Unscheduled Principal 4,489,955.96
Miscellaneous Reporting
Senior % 97.478357%
Subordinate % 2.521643%
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 5.805659 5.325081 5.687609
Weighted Average Net Rate 5.555659 5.075081 5.437609
Weighted Average Maturity 356 176 266
Beginning Loan Count 457 146 603
Loans Paid In Full 5 0 5
Ending Loan Count 452 146 598
Beginning Scheduled Balance 244,419,996.93 79,590,030.06 324,010,026.99
Ending scheduled Balance 239,954,732.05 79,004,015.78 318,958,747.83
Record Date 03/31/2005 03/31/2005 03/31/2005
Principal And Interest Constant 1,440,083.04 656,942.24 2,097,025.28
Scheduled Principal 257,567.10 303,756.10 561,323.20
Unscheduled Principal 4,207,697.78 282,258.18 4,489,955.96
Scheduled Interest 1,182,515.94 353,186.14 1,535,702.08
Servicing Fees 50,920.83 16,581.26 67,502.09
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,527.62 497.44 2,025.06
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 1,130,067.49 336,107.44 1,466,174.93
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 5.548159 5.067581 5.430109
Miscellaneous Reporting
Group 1 - 30 Year Fixed
CPR 18.828090%
Subordinate % 2.521694%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 97.478306%
Group 2 - 15 Year Fixed
CPR 4.189325%
Subordinate % 2.521486%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 97.478514%