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-C Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-16
Pooling and Servicing Agreement) (Commission 54-2169428
(State or other File Number) 54-2169429
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 Pass-Through Certificates, Series
2005-C 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-C 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-C 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: 4/26/05
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2005-C Trust,
relating to the April 25, 2005 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 3/31/05
Distribution Date: 4/25/05
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Series 2005-C
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 05949AY46 SEN 4.34659% 22,788,000.00 82,541.78 15,609.65
1AR 05949AY53 SEN 4.34659% 50.00 0.18 50.00
1ALR 05949AY61 SEN 4.34659% 50.00 5.08 50.00
2A1 05949AY79 SEN 4.73317% 149,434,000.00 589,413.68 1,053,318.33
2A2 05949AY87 SEN 4.73317% 26,650,000.00 105,115.80 187,848.37
2A3 05949AY95 SEN 4.73317% 910,000.00 3,589.32 6,414.33
3A1 05949AZ29 SEN 5.18523% 50,465,000.00 218,060.43 147,588.70
4A1 05949AZ37 SEN 5.29868% 51,777,000.00 228,624.61 50,646.10
1IO 05949AZ78 SEN 0.30400% 0.00 5,970.00 0.00
2IO 05949AZ86 SEN 0.05600% 0.00 8,541.60 0.00
B1 05949AZ45 SUB 4.87652% 5,467,000.00 22,216.61 2,517.89
B2 05949AZ52 SUB 4.87652% 1,874,000.00 7,615.50 863.09
B3 05949AZ60 SUB 4.87652% 1,249,000.00 5,075.64 575.24
B4 05949AZ94 SUB 4.87652% 625,000.00 2,539.85 287.85
B5 05949A2A7 SUB 4.87652% 468,000.00 1,901.84 215.54
B6 05949A2B5 SUB 4.87652% 625,190.00 2,540.63 287.94
Totals 312,332,290.00 1,283,752.55 1,466,273.03
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 0.00 22,772,390.35 98,151.43 0.00
1AR 0.00 0.00 50.18 0.00
1ALR 0.00 0.00 55.08 0.00
2A1 0.00 148,380,681.67 1,642,732.01 0.00
2A2 0.00 26,462,151.63 292,964.17 0.00
2A3 0.00 903,585.67 10,003.65 0.00
3A1 0.00 50,317,411.30 365,649.13 0.00
4A1 0.00 51,726,353.90 279,270.71 0.00
1IO 0.00 0.00 5,970.00 0.00
2IO 0.00 0.00 8,541.60 0.00
B1 0.00 5,464,482.11 24,734.50 0.00
B2 0.00 1,873,136.91 8,478.59 0.00
B3 0.00 1,248,424.76 5,650.88 0.00
B4 0.00 624,712.15 2,827.70 0.00
B5 0.00 467,784.46 2,117.38 0.00
B6 0.00 624,902.06 2,828.57 0.00
Totals 0.00 310,866,016.97 2,750,025.58 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 22,788,000.00 22,788,000.00 14,792.51 817.15 0.00 0.00
1AR 50.00 50.00 47.38 2.62 0.00 0.00
1ALR 50.00 50.00 47.38 2.62 0.00 0.00
2A1 149,434,000.00 149,434,000.00 64,342.46 988,975.87 0.00 0.00
2A2 26,650,000.00 26,650,000.00 11,474.81 176,373.56 0.00 0.00
2A3 910,000.00 910,000.00 391.82 6,022.51 0.00 0.00
3A1 50,465,000.00 50,465,000.00 28,382.70 119,206.00 0.00 0.00
4A1 51,777,000.00 51,777,000.00 19,622.27 31,023.83 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 5,467,000.00 5,467,000.00 2,517.89 0.00 0.00 0.00
B2 1,874,000.00 1,874,000.00 863.09 0.00 0.00 0.00
B3 1,249,000.00 1,249,000.00 575.24 0.00 0.00 0.00
B4 625,000.00 625,000.00 287.85 0.00 0.00 0.00
B5 468,000.00 468,000.00 215.54 0.00 0.00 0.00
B6 625,190.00 625,190.00 287.94 0.00 0.00 0.00
Totals 312,332,290.00 312,332,290.00 143,848.88 1,322,424.16 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 15,609.65 22,772,390.35 0.99931501 15,609.65
1AR 50.00 0.00 0.00000000 50.00
1ALR 50.00 0.00 0.00000000 50.00
2A1 1,053,318.33 148,380,681.67 0.99295128 1,053,318.33
2A2 187,848.37 26,462,151.63 0.99295128 187,848.37
2A3 6,414.33 903,585.67 0.99295129 6,414.33
3A1 147,588.70 50,317,411.30 0.99707542 147,588.70
4A1 50,646.10 51,726,353.90 0.99902184 50,646.10
1IO 0.00 0.00 0.00000000 0.00
2IO 0.00 0.00 0.00000000 0.00
B1 2,517.89 5,464,482.11 0.99953944 2,517.89
B2 863.09 1,873,136.91 0.99953944 863.09
B3 575.24 1,248,424.76 0.99953944 575.24
B4 287.85 624,712.15 0.99953944 287.85
B5 215.54 467,784.46 0.99953944 215.54
B6 287.94 624,902.06 0.99953944 287.94
Totals 1,466,273.03 310,866,016.97 0.99530541 1,466,273.03
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 22,788,000.00 1000.00000000 0.64913595 0.03585879 0.00000000
1AR 50.00 1000.00000000 947.60000000 52.40000000 0.00000000
1ALR 50.00 1000.00000000 947.60000000 52.40000000 0.00000000
2A1 149,434,000.00 1000.00000000 0.43057443 6.61814493 0.00000000
2A2 26,650,000.00 1000.00000000 0.43057448 6.61814484 0.00000000
2A3 910,000.00 1000.00000000 0.43057143 6.61814286 0.00000000
3A1 50,465,000.00 1000.00000000 0.56242346 2.36215199 0.00000000
4A1 51,777,000.00 1000.00000000 0.37897657 0.59918168 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 5,467,000.00 1000.00000000 0.46056155 0.00000000 0.00000000
B2 1,874,000.00 1000.00000000 0.46056030 0.00000000 0.00000000
B3 1,249,000.00 1000.00000000 0.46056045 0.00000000 0.00000000
B4 625,000.00 1000.00000000 0.46056000 0.00000000 0.00000000
B5 468,000.00 1000.00000000 0.46055556 0.00000000 0.00000000
B6 625,190.00 1000.00000000 0.46056399 0.00000000 0.00000000
<FN>
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 0.68499430 999.31500570 0.99931501 0.68499430
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 7.04871937 992.95128063 0.99295128 7.04871937
2A2 0.00000000 7.04871932 992.95128068 0.99295128 7.04871932
2A3 0.00000000 7.04871429 992.95128571 0.99295129 7.04871429
3A1 0.00000000 2.92457545 997.07542455 0.99707542 2.92457545
4A1 0.00000000 0.97815826 999.02184174 0.99902184 0.97815826
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 0.46056155 999.53943845 0.99953944 0.46056155
B2 0.00000000 0.46056030 999.53943970 0.99953944 0.46056030
B3 0.00000000 0.46056045 999.53943955 0.99953944 0.46056045
B4 0.00000000 0.46056000 999.53944000 0.99953944 0.46056000
B5 0.00000000 0.46055556 999.53944444 0.99953944 0.46055556
B6 0.00000000 0.46056399 999.53943601 0.99953944 0.46056399
<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 22,788,000.00 4.34659% 22,788,000.00 82,541.78 0.00 0.00
1AR 50.00 4.34659% 50.00 0.18 0.00 0.00
1ALR 50.00 4.34659% 50.00 0.18 0.00 0.00
2A1 149,434,000.00 4.73317% 149,434,000.00 589,413.68 0.00 0.00
2A2 26,650,000.00 4.73317% 26,650,000.00 105,115.80 0.00 0.00
2A3 910,000.00 4.73317% 910,000.00 3,589.32 0.00 0.00
3A1 50,465,000.00 5.18523% 50,465,000.00 218,060.43 0.00 0.00
4A1 51,777,000.00 5.29868% 51,777,000.00 228,624.61 0.00 0.00
1IO 0.00 0.30400% 23,565,772.00 5,970.00 0.00 0.00
2IO 0.00 0.05600% 183,034,322.00 8,541.60 0.00 0.00
B1 5,467,000.00 4.87652% 5,467,000.00 22,216.61 0.00 0.00
B2 1,874,000.00 4.87652% 1,874,000.00 7,615.50 0.00 0.00
B3 1,249,000.00 4.87652% 1,249,000.00 5,075.64 0.00 0.00
B4 625,000.00 4.87652% 625,000.00 2,539.85 0.00 0.00
B5 468,000.00 4.87652% 468,000.00 1,901.84 0.00 0.00
B6 625,190.00 4.87652% 625,190.00 2,540.63 0.00 0.00
Totals 312,332,290.00 1,283,747.65 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 82,541.78 0.00 22,772,390.35
1AR 0.00 0.00 0.18 0.00 0.00
1ALR 0.00 0.00 5.08 0.00 0.00
2A1 0.00 0.00 589,413.68 0.00 148,380,681.67
2A2 0.00 0.00 105,115.80 0.00 26,462,151.63
2A3 0.00 0.00 3,589.32 0.00 903,585.67
3A1 0.00 0.00 218,060.43 0.00 50,317,411.30
4A1 0.00 0.00 228,624.61 0.00 51,726,353.90
1IO 0.00 0.00 5,970.00 0.00 23,549,554.34
2IO 0.00 0.00 8,541.60 0.00 181,784,140.57
B1 0.00 0.00 22,216.61 0.00 5,464,482.11
B2 0.00 0.00 7,615.50 0.00 1,873,136.91
B3 0.00 0.00 5,075.64 0.00 1,248,424.76
B4 0.00 0.00 2,539.85 0.00 624,712.15
B5 0.00 0.00 1,901.84 0.00 467,784.46
B6 0.00 0.00 2,540.63 0.00 624,902.06
Totals 0.00 0.00 1,283,752.55 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 22,788,000.00 4.34659% 1000.00000000 3.62215991 0.00000000 0.00000000
1AR 50.00 4.34659% 1000.00000000 3.60000000 0.00000000 0.00000000
1ALR 50.00 4.34659% 1000.00000000 3.60000000 0.00000000 0.00000000
2A1 149,434,000.00 4.73317% 1000.00000000 3.94430772 0.00000000 0.00000000
2A2 26,650,000.00 4.73317% 1000.00000000 3.94430769 0.00000000 0.00000000
2A3 910,000.00 4.73317% 1000.00000000 3.94430769 0.00000000 0.00000000
3A1 50,465,000.00 5.18523% 1000.00000000 4.32102309 0.00000000 0.00000000
4A1 51,777,000.00 5.29868% 1000.00000000 4.41556309 0.00000000 0.00000000
1IO 0.00 0.30400% 1000.00000000 0.25333352 0.00000000 0.00000000
2IO 0.00 0.05600% 1000.00000000 0.04666666 0.00000000 0.00000000
B1 5,467,000.00 4.87652% 1000.00000000 4.06376623 0.00000000 0.00000000
B2 1,874,000.00 4.87652% 1000.00000000 4.06376734 0.00000000 0.00000000
B3 1,249,000.00 4.87652% 1000.00000000 4.06376301 0.00000000 0.00000000
B4 625,000.00 4.87652% 1000.00000000 4.06376000 0.00000000 0.00000000
B5 468,000.00 4.87652% 1000.00000000 4.06376068 0.00000000 0.00000000
B6 625,190.00 4.87652% 1000.00000000 4.06377261 0.00000000 0.00000000
<FN>
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 3.62215991 0.00000000 999.31500570
1AR 0.00000000 0.00000000 3.60000000 0.00000000 0.00000000
1ALR 0.00000000 0.00000000 101.60000000 0.00000000 0.00000000
2A1 0.00000000 0.00000000 3.94430772 0.00000000 992.95128063
2A2 0.00000000 0.00000000 3.94430769 0.00000000 992.95128068
2A3 0.00000000 0.00000000 3.94430769 0.00000000 992.95128571
3A1 0.00000000 0.00000000 4.32102309 0.00000000 997.07542455
4A1 0.00000000 0.00000000 4.41556309 0.00000000 999.02184174
1IO 0.00000000 0.00000000 0.25333352 0.00000000 999.31181291
2IO 0.00000000 0.00000000 0.04666666 0.00000000 993.16968852
B1 0.00000000 0.00000000 4.06376623 0.00000000 999.53943845
B2 0.00000000 0.00000000 4.06376734 0.00000000 999.53943970
B3 0.00000000 0.00000000 4.06376301 0.00000000 999.53943955
B4 0.00000000 0.00000000 4.06376000 0.00000000 999.53944000
B5 0.00000000 0.00000000 4.06376068 0.00000000 999.53944444
B6 0.00000000 0.00000000 4.06377261 0.00000000 999.53943601
<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 2,819,501.64
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 2,819,501.64
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 69,476.06
Payment of Interest and Principal 2,750,025.58
Total Withdrawals (Pool Distribution Amount) 2,819,501.64
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 67,523.99
Trustee Fee - Wells Fargo Bank, N.A. 1,952.07
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 69,476.06
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 5.51 5.51 0.00 0.00
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- Three Year ARM 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- Five Year Arm No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
3-Seven Year Arm No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
4-Ten Year Arm 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 5.199187%
Weighted Average Net Coupon 4.939756%
Weighted Average Pass-Through Rate 4.932256%
Weighted Average Maturity(Stepdown Calculation ) 359
Beginning Scheduled Collateral Loan Count 610
Number Of Loans Paid In Full 2
Ending Scheduled Collateral Loan Count 608
Beginning Scheduled Collateral Balance 312,332,290.00
Ending Scheduled Collateral Balance 310,866,016.96
Ending Actual Collateral Balance at 31-Mar-2005 310,970,176.80
Monthly P &I Constant 1,497,077.29
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 143,848.89
Unscheduled Principal 1,322,418.64
Miscellaneous Reporting
Total Senior Percentage 96.699610%
Aggregate Senior Percentage 3.300390%
Group Level Collateral Statement
Group 1- Three Year ARM 2- Five Year Arm 3-Seven Year Arm
Collateral Description Mixed ARM Mixed ARM Mixed ARM
Weighted Average Coupon Rate 5.033092 5.046709 5.442695
Weighted Average Net Rate 4.658092 4.796709 5.192695
Weighted Average Maturity 359 359 359
Beginning Loan Count 47 375 98
Loans Paid In Full 0 2 0
Ending Loan Count 47 373 98
Beginning Scheduled Balance 23,565,772.04 183,034,322.90 52,187,559.11
Ending scheduled Balance 23,549,554.34 181,784,140.57 52,039,001.60
Record Date 03/31/2005 03/31/2005 03/31/2005
Principal And Interest Constant 114,235.90 848,577.38 266,052.33
Scheduled Principal 15,395.32 78,809.90 29,351.51
Unscheduled Principal 822.38 1,171,366.43 119,206.00
Scheduled Interest 98,840.58 769,767.48 236,700.82
Servicing Fees 7,364.30 38,132.15 10,872.41
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 147.29 1,143.96 326.17
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 91,328.99 730,491.37 225,502.24
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 4.650592 4.789209 5.185195
Group Level Collateral Statement
Group 4-Ten Year Arm Total
Collateral Description Mixed ARM Mixed ARM
Weighted Average Coupon Rate 5.556176 5.199187
Weighted Average Net Rate 5.306176 4.939756
Weighted Average Maturity 358 359
Beginning Loan Count 357 877
Loans Paid In Full 267 269
Ending Loan Count 90 608
Beginning Scheduled Balance 53,544,636.44 312,332,290.49
Ending scheduled Balance 53,493,320.45 310,866,016.96
Record Date 03/31/2005 03/31/2005
Principal And Interest Constant 268,211.68 1,497,077.29
Scheduled Principal 20,292.16 143,848.89
Unscheduled Principal 31,023.83 1,322,418.64
Scheduled Interest 247,919.52 1,353,228.40
Servicing Fees 11,155.13 67,523.99
Master Servicing Fees 0.00 0.00
Trustee Fee 334.65 1,952.07
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 0.00 0.00
Pool Insurance Fee 0.00 0.00
Spread Fee 1 0.00 0.00
Spread Fee 2 0.00 0.00
Spread Fee 3 0.00 0.00
Net Interest 236,429.74 1,283,752.34
Realized Loss Amount 0.00 0.00
Cumulative Realized Loss 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000
Prepayment Penalties 0.00 0.00
Special Servicing Fee 0.00 0.00
Pass-Through Rate 5.298676 4.932256
Miscellaneous Reporting
Group 1- Three Year ARM
CPR 0.041896%
Subordinate Percentage 3.300006%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.699994%
Group 2- Five Year Arm
CPR 7.418106%
Subordinate Percentage 3.300100%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.699900%
Group 3-Seven Year Arm
CPR 2.708351%
Subordinate Percentage 3.300708%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.699292%
Miscellaneous Reporting
Group 4-Ten Year Arm
CPR 0.693332%
Subordinate Percentage 3.301239%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.698761%