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 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 April 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
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 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: 4/25/2005
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 April 25, 2005 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 3/31/2005
Distribution Date: 4/25/2005
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 4.09365% 49,562,005.93 169,074.72 1,041,092.15
1AR 05949AW71 SEN 4.09153% 0.00 0.00 0.00
1ALR 05949AW89 SEN 4.09153% 0.00 0.22 0.00
2A1 05949AW97 SEN 4.42768% 222,953,665.46 822,639.41 2,510,816.38
2A2 05949AX21 SEN 4.77368% 24,985,618.01 99,394.44 281,378.19
1IO 05949AX62 SEN 0.61100% 0.00 26,145.47 0.00
2IO 05949AX70 SEN 0.31113% 0.00 66,582.38 0.00
B1 05949AX39 SUB 4.40062% 5,092,529.22 18,675.25 2,477.86
B2 05949AX47 SUB 4.40062% 2,160,951.55 7,924.61 1,051.45
B3 05949AX54 SUB 4.40062% 1,388,326.42 5,091.25 675.52
B4 05949AX88 SUB 4.40062% 617,700.31 2,265.22 300.55
B5 05949AX96 SUB 4.40062% 462,775.47 1,697.08 225.17
B6 05949AY20 SUB 4.40062% 926,456.50 3,397.49 450.78
Totals 308,150,028.87 1,222,887.54 3,838,468.05
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 0.00 48,520,913.78 1,210,166.87 0.00
1AR 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.22 0.00
2A1 0.00 220,442,849.08 3,333,455.79 0.00
2A2 0.00 24,704,239.82 380,772.63 0.00
1IO 0.00 0.00 26,145.47 0.00
2IO 0.00 0.00 66,582.38 0.00
B1 0.00 5,090,051.36 21,153.11 0.00
B2 0.00 2,159,900.10 8,976.06 0.00
B3 0.00 1,387,650.90 5,766.77 0.00
B4 0.00 617,399.75 2,565.77 0.00
B5 0.00 462,550.30 1,922.25 0.00
B6 0.00 926,005.72 3,848.27 0.00
Totals 0.00 304,311,560.81 5,061,355.59 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 49,562,005.93 31,101.58 1,009,990.57 0.00 0.00
1AR 50.00 0.00 0.00 0.00 0.00 0.00
1ALR 50.00 0.00 0.00 0.00 0.00 0.00
2A1 223,082,000.00 222,953,665.46 102,142.48 2,408,673.89 0.00 0.00
2A2 25,000,000.00 24,985,618.01 11,446.74 269,931.45 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 5,092,529.22 2,477.86 0.00 0.00 0.00
B2 2,162,000.00 2,160,951.55 1,051.45 0.00 0.00 0.00
B3 1,389,000.00 1,388,326.42 675.52 0.00 0.00 0.00
B4 618,000.00 617,700.31 300.55 0.00 0.00 0.00
B5 463,000.00 462,775.47 225.17 0.00 0.00 0.00
B6 926,906.00 926,456.50 450.78 0.00 0.00 0.00
Totals 308,784,006.00 308,150,028.87 149,872.13 3,688,595.91 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 1,041,092.15 48,520,913.78 0.96948757 1,041,092.15
1AR 0.00 0.00 0.00000000 0.00
1ALR 0.00 0.00 0.00000000 0.00
2A1 2,510,816.38 220,442,849.08 0.98816959 2,510,816.38
2A2 281,378.19 24,704,239.82 0.98816959 281,378.19
1IO 0.00 0.00 0.00000000 0.00
2IO 0.00 0.00 0.00000000 0.00
B1 2,477.86 5,090,051.36 0.99902873 2,477.86
B2 1,051.45 2,159,900.10 0.99902872 1,051.45
B3 675.52 1,387,650.90 0.99902873 675.52
B4 300.55 617,399.75 0.99902872 300.55
B5 225.17 462,550.30 0.99902873 225.17
B6 450.78 926,005.72 0.99902873 450.78
Totals 3,838,468.05 304,311,560.81 0.98551594 3,838,468.05
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 50,048,000.00 990.28944074 0.62143502 20.18043818 0.00000000
1AR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
2A1 223,082,000.00 999.42472033 0.45786966 10.79725791 0.00000000
2A2 25,000,000.00 999.42472040 0.45786960 10.79725800 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 5,095,000.00 999.51505790 0.48633170 0.00000000 0.00000000
B2 2,162,000.00 999.51505550 0.48633210 0.00000000 0.00000000
B3 1,389,000.00 999.51506120 0.48633549 0.00000000 0.00000000
B4 618,000.00 999.51506472 0.48632686 0.00000000 0.00000000
B5 463,000.00 999.51505400 0.48632829 0.00000000 0.00000000
B6 926,906.00 999.51505331 0.48632763 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 20.80187320 969.48756754 0.96948757 20.80187320
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2A1 0.00000000 11.25512762 988.16959271 0.98816959 11.25512762
2A2 0.00000000 11.25512760 988.16959280 0.98816959 11.25512760
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 0.48633170 999.02872620 0.99902873 0.48633170
B2 0.00000000 0.48633210 999.02872340 0.99902872 0.48633210
B3 0.00000000 0.48633549 999.02872570 0.99902873 0.48633549
B4 0.00000000 0.48632686 999.02872168 0.99902872 0.48632686
B5 0.00000000 0.48632829 999.02872570 0.99902873 0.48632829
B6 0.00000000 0.48632763 999.02872567 0.99902873 0.48632763
<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 4.09365% 49,562,005.93 169,074.72 0.00 0.00
1AR 50.00 4.09153% 0.00 0.00 0.00 0.00
1ALR 50.00 4.09153% 0.00 0.00 0.00 0.00
2A1 223,082,000.00 4.42768% 222,953,665.46 822,639.41 0.00 0.00
2A2 25,000,000.00 4.77368% 24,985,618.01 99,394.44 0.00 0.00
1IO 0.00 0.61100% 51,349,534.88 26,145.47 0.00 0.00
2IO 0.00 0.31113% 256,800,494.51 66,582.38 0.00 0.00
B1 5,095,000.00 4.40062% 5,092,529.22 18,675.25 0.00 0.00
B2 2,162,000.00 4.40062% 2,160,951.55 7,924.61 0.00 0.00
B3 1,389,000.00 4.40062% 1,388,326.42 5,091.25 0.00 0.00
B4 618,000.00 4.40062% 617,700.31 2,265.22 0.00 0.00
B5 463,000.00 4.40062% 462,775.47 1,697.08 0.00 0.00
B6 926,906.00 4.40062% 926,456.50 3,397.49 0.00 0.00
Totals 308,784,006.00 1,222,887.32 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 0.00 169,074.72 0.00 48,520,913.78
1AR 0.00 0.00 0.00 0.00 0.00
1ALR 0.00 0.00 0.22 0.00 0.00
2A1 0.00 0.00 822,639.41 0.00 220,442,849.08
2A2 0.00 0.00 99,394.44 0.00 24,704,239.82
1IO 0.00 0.00 26,145.47 0.00 50,307,321.00
2IO 0.00 0.00 66,582.38 0.00 254,004,240.33
B1 0.00 0.00 18,675.25 0.00 5,090,051.36
B2 0.00 0.00 7,924.61 0.00 2,159,900.10
B3 0.00 0.00 5,091.25 0.00 1,387,650.90
B4 0.00 0.00 2,265.22 0.00 617,399.75
B5 0.00 0.00 1,697.08 0.00 462,550.30
B6 0.00 0.00 3,397.49 0.00 926,005.72
Totals 0.00 0.00 1,222,887.54 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 4.09365% 990.28944074 3.37825128 0.00000000 0.00000000
1AR 50.00 4.09153% 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 50.00 4.09153% 0.00000000 0.00000000 0.00000000 0.00000000
2A1 223,082,000.00 4.42768% 999.42472033 3.68760998 0.00000000 0.00000000
2A2 25,000,000.00 4.77368% 999.42472040 3.97577760 0.00000000 0.00000000
1IO 0.00 0.61100% 990.60089105 0.50438092 0.00000000 0.00000000
2IO 0.00 0.31113% 999.42884063 0.25912859 0.00000000 0.00000000
B1 5,095,000.00 4.40062% 999.51505790 3.66540726 0.00000000 0.00000000
B2 2,162,000.00 4.40062% 999.51505550 3.66540703 0.00000000 0.00000000
B3 1,389,000.00 4.40062% 999.51506120 3.66540677 0.00000000 0.00000000
B4 618,000.00 4.40062% 999.51506472 3.66540453 0.00000000 0.00000000
B5 463,000.00 4.40062% 999.51505400 3.66539957 0.00000000 0.00000000
B6 926,906.00 4.40062% 999.51505331 3.66540944 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 3.37825128 0.00000000 969.48756754
1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1ALR 0.00000000 0.00000000 4.40000000 0.00000000 0.00000000
2A1 0.00000000 0.00000000 3.68760998 0.00000000 988.16959271
2A2 0.00000000 0.00000000 3.97577760 0.00000000 988.16959280
1IO 0.00000000 0.00000000 0.50438092 0.00000000 970.49519778
2IO 0.00000000 0.00000000 0.25912859 0.00000000 988.54624059
B1 0.00000000 0.00000000 3.66540726 0.00000000 999.02872620
B2 0.00000000 0.00000000 3.66540703 0.00000000 999.02872340
B3 0.00000000 0.00000000 3.66540677 0.00000000 999.02872570
B4 0.00000000 0.00000000 3.66540453 0.00000000 999.02872168
B5 0.00000000 0.00000000 3.66539957 0.00000000 999.02872570
B6 0.00000000 0.00000000 3.66540944 0.00000000 999.02872567
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 5,132,828.35
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 0.00
Total Deposits 5,132,828.35
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 71,472.76
Payment of Interest and Principal 5,061,355.59
Total Withdrawals (Pool Distribution Amount) 5,132,828.35
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 69,546.83
Trustee Fee - Wells Fargo Bank, N.A. 1,925.93
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 71,472.76
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 4 0 0 0 4
2,408,000.00 0.00 0.00 0.00 2,408,000.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 4 0 0 0 4
2,408,000.00 0.00 0.00 0.00 2,408,000.00
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 0.686106% 0.000000% 0.000000% 0.000000% 0.686106%
0.791003% 0.000000% 0.000000% 0.000000% 0.791003%
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 0.686106% 0.000000% 0.000000% 0.000000% 0.686106%
0.791003% 0.000000% 0.000000% 0.000000% 0.791003%
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 4 0 0 0 4
2,408,000.00 0.00 0.00 0.00 2,408,000.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 4 0 0 0 4
2,408,000.00 0.00 0.00 0.00 2,408,000.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.828157% 0.000000% 0.000000% 0.000000% 0.828157%
0.947698% 0.000000% 0.000000% 0.000000% 0.947698%
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 0.828157% 0.000000% 0.000000% 0.000000% 0.828157%
0.947698% 0.000000% 0.000000% 0.000000% 0.947698%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 10,069.15
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 5.040506%
Weighted Average Net Coupon 4.769677%
Weighted Average Pass-Through Rate 4.762177%
Weighted Average Maturity(Stepdown Calculation ) 356
Beginning Scheduled Collateral Loan Count 589
Number Of Loans Paid In Full 6
Ending Scheduled Collateral Loan Count 583
Beginning Scheduled Collateral Balance 308,150,029.39
Ending Scheduled Collateral Balance 304,311,561.33
Ending Actual Collateral Balance at 31-Mar-2005 304,423,807.22
Monthly P &I Constant 1,444,232.33
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 149,872.15
Unscheduled Principal 3,688,595.91
Miscellaneous Reporting
Total Senior Percentage 96.544301%
Aggregate Senior Percentage 3.455699%
Group Level Collateral Statement
Group 1 2 Total
Collateral Description 3 Year LIBOR Arm 5 Year LIBOR Arm Mixed ARM
Weighted Average Coupon Rate 5.087198 5.031170 5.040506
Weighted Average Net Rate 4.712198 4.781170 4.769677
Weighted Average Maturity 356 356 356
Beginning Loan Count 102 487 589
Loans Paid In Full 2 4 6
Ending Loan Count 100 483 583
Beginning Scheduled Balance 51,349,534.88 256,800,494.51 308,150,029.39
Ending scheduled Balance 50,307,321.00 254,004,240.33 304,311,561.33
Record Date 03/31/2005 03/31/2005 03/31/2005
Principal And Interest Constant 249,911.03 1,194,321.30 1,444,232.33
Scheduled Principal 32,223.31 117,648.84 149,872.15
Unscheduled Principal 1,009,990.57 2,678,605.34 3,688,595.91
Scheduled Interest 217,687.72 1,076,672.46 1,294,360.18
Servicing Fees 16,046.73 53,500.10 69,546.83
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 320.93 1,605.00 1,925.93
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 201,320.06 1,021,567.36 1,222,887.42
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 4.704698 4.773670 4.762177
Miscellaneous Reporting
Group 1
CPR 21.221532%
Subordinate Percentage 3.481100%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.518900%
Group 2
CPR 11.828251%
Subordinate Percentage 3.450620%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.549380%