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): May 25, 2005
BANC OF AMERICA ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2005-3 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-18
Pooling and Servicing Agreement) (Commission 54-2169430
(State or other File Number) 54-2169431
jurisdiction 54-6658761
of Incorporation) IRS EIN
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 May 25, 2005 a distribution was made to holders of BANC OF AMERICA
ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2005-3
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 2005-3 Trust, relating to the May
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 ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2005-3 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 5/25/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2005-3 Trust,
relating to the May 25, 2005 distribution.
EX-99.1
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Record Date: 4/29/2005
Distribution Date: 5/25/2005
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Series 2005-3
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>
1-CB-3 05948KYM5 SEN 5.50000% 1,446,266.64 6,628.72 7,446.93
1-CB-1 05948KYK9 SEN 3.52000% 179,293,357.55 525,927.18 923,193.96
1-CB-2 05948KYL7 SEN 1.98000% 0.00 295,834.04 0.00
1-CB-4 05948KYN3 SEN 5.50000% 2,154,500.24 9,874.79 11,093.67
1-CB-R 05948KYP8 SEN 5.50000% 0.00 0.00 0.00
1-CB-LR 05948KYQ6 SEN 5.50000% 0.00 0.00 0.00
2-A-1 05948KYR4 SEN 5.50000% 42,113,293.27 193,019.26 174,424.23
A-IO 05948KYS2 SEN 5.50000% 0.00 59,193.41 0.00
A-PO 05948KYT0 PO 0.00000% 1,869,104.06 0.00 6,627.05
B1 05948KYU7 SUB 5.50000% 4,653,048.32 21,326.47 6,991.85
B2 05948KYV5 SUB 5.50000% 1,789,326.74 8,201.08 2,688.71
B3 05948KYW3 SUB 5.50000% 1,073,396.34 4,919.73 1,612.93
B4 05948KYX1 SUB 5.50000% 954,573.86 4,375.13 1,434.38
B5 05948KYY9 SUB 5.50000% 596,109.41 2,732.17 895.74
B6 05948KYZ6 SUB 5.50000% 955,226.41 4,378.12 1,435.28
Totals 236,898,202.84 1,136,410.10 1,137,844.73
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-CB-3 0.00 1,438,819.71 14,075.65 0.00
1-CB-1 0.00 178,370,163.59 1,449,121.14 0.00
1-CB-2 0.00 0.00 295,834.04 0.00
1-CB-4 0.00 2,143,406.56 20,968.46 0.00
1-CB-R 0.00 0.00 0.00 0.00
1-CB-LR 0.00 0.00 0.00 0.00
2-A-1 0.00 41,938,869.04 367,443.49 0.00
A-IO 0.00 0.00 59,193.41 0.00
A-PO 0.00 1,862,477.02 6,627.05 0.00
B1 0.00 4,646,056.47 28,318.32 0.00
B2 0.00 1,786,638.03 10,889.79 0.00
B3 0.00 1,071,783.41 6,532.66 0.00
B4 0.00 953,139.48 5,809.51 0.00
B5 0.00 595,213.67 3,627.91 0.00
B6 0.00 953,791.11 5,813.40 0.00
Totals 0.00 235,760,358.09 2,274,254.83 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-CB-3 1,456,000.00 1,446,266.64 1,430.37 6,016.56 0.00 0.00
1-CB-1 180,500,000.00 179,293,357.55 177,322.05 745,871.91 0.00 0.00
1-CB-2 0.00 0.00 0.00 0.00 0.00 0.00
1-CB-4 2,169,000.00 2,154,500.24 2,130.81 8,962.86 0.00 0.00
1-CB-R 50.00 0.00 0.00 0.00 0.00 0.00
1-CB-LR 50.00 0.00 0.00 0.00 0.00 0.00
2-A-1 42,893,000.00 42,113,293.27 153,418.08 21,006.15 0.00 0.00
A-IO 0.00 0.00 0.00 0.00 0.00 0.00
A-PO 1,905,663.00 1,869,104.06 5,867.21 759.84 0.00 0.00
B1 4,660,000.00 4,653,048.32 6,991.85 0.00 0.00 0.00
B2 1,792,000.00 1,789,326.74 2,688.71 0.00 0.00 0.00
B3 1,075,000.00 1,073,396.34 1,612.93 0.00 0.00 0.00
B4 956,000.00 954,573.86 1,434.38 0.00 0.00 0.00
B5 597,000.00 596,109.41 895.74 0.00 0.00 0.00
B6 956,653.00 955,226.41 1,435.28 0.00 0.00 0.00
Totals 238,960,416.00 236,898,202.84 355,227.41 782,617.32 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>
1-CB-3 7,446.93 1,438,819.71 0.98820035 7,446.93
1-CB-1 923,193.96 178,370,163.59 0.98820035 923,193.96
1-CB-2 0.00 0.00 0.00000000 0.00
1-CB-4 11,093.67 2,143,406.56 0.98820035 11,093.67
1-CB-R 0.00 0.00 0.00000000 0.00
1-CB-LR 0.00 0.00 0.00000000 0.00
2-A-1 174,424.23 41,938,869.04 0.97775556 174,424.23
A-IO 0.00 0.00 0.00000000 0.00
A-PO 6,627.05 1,862,477.02 0.97733808 6,627.05
B1 6,991.85 4,646,056.47 0.99700783 6,991.85
B2 2,688.71 1,786,638.03 0.99700783 2,688.71
B3 1,612.93 1,071,783.41 0.99700782 1,612.93
B4 1,434.38 953,139.48 0.99700782 1,434.38
B5 895.74 595,213.67 0.99700782 895.74
B6 1,435.28 953,791.11 0.99700843 1,435.28
Totals 1,137,844.73 235,760,358.09 0.98660842 1,137,844.73
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-CB-3 1,456,000.00 993.31500000 0.98239698 4.13225275 0.00000000
1-CB-1 180,500,000.00 993.31500028 0.98239363 4.13225435 0.00000000
1-CB-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000
1-CB-4 2,169,000.00 993.31500231 0.98239281 4.13225450 0.00000000
1-CB-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1-CB-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 42,893,000.00 981.82205185 3.57676264 0.48973376 0.00000000
A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-PO 1,905,663.00 980.81563214 3.07882873 0.39872737 0.00000000
B1 4,660,000.00 998.50822318 1.50039700 0.00000000 0.00000000
B2 1,792,000.00 998.50822545 1.50039621 0.00000000 0.00000000
B3 1,075,000.00 998.50822326 1.50040000 0.00000000 0.00000000
B4 956,000.00 998.50822176 1.50039749 0.00000000 0.00000000
B5 597,000.00 998.50822446 1.50040201 0.00000000 0.00000000
B6 956,653.00 998.50876964 1.50031412 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-CB-3 0.00000000 5.11464973 988.20035027 0.98820035 5.11464973
1-CB-1 0.00000000 5.11464798 988.20035230 0.98820035 5.11464798
1-CB-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-CB-4 0.00000000 5.11464730 988.20035039 0.98820035 5.11464730
1-CB-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-CB-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 4.06649640 977.75555545 0.97775556 4.06649640
A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-PO 0.00000000 3.47755611 977.33808129 0.97733808 3.47755611
B1 0.00000000 1.50039700 997.00782618 0.99700783 1.50039700
B2 0.00000000 1.50039621 997.00782924 0.99700783 1.50039621
B3 0.00000000 1.50040000 997.00782326 0.99700782 1.50040000
B4 0.00000000 1.50039749 997.00782427 0.99700782 1.50039749
B5 0.00000000 1.50040201 997.00782245 0.99700782 1.50040201
B6 0.00000000 1.50031412 997.00843462 0.99700843 1.50031412
<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-CB-3 1,456,000.00 5.50000% 1,446,266.64 6,628.72 0.00 0.00
1-CB-1 180,500,000.00 3.52000% 179,293,357.55 525,927.18 0.00 0.00
1-CB-2 0.00 1.98000% 179,293,357.55 295,834.04 0.00 0.00
1-CB-4 2,169,000.00 5.50000% 2,154,500.24 9,874.79 0.00 0.00
1-CB-R 50.00 5.50000% 0.00 0.00 0.00 0.00
1-CB-LR 50.00 5.50000% 0.00 0.00 0.00 0.00
2-A-1 42,893,000.00 5.50000% 42,113,293.27 193,019.26 0.00 0.00
A-IO 0.00 5.50000% 12,914,925.87 59,193.41 0.00 0.00
A-PO 1,905,663.00 0.00000% 1,869,104.06 0.00 0.00 0.00
B1 4,660,000.00 5.50000% 4,653,048.32 21,326.47 0.00 0.00
B2 1,792,000.00 5.50000% 1,789,326.74 8,201.08 0.00 0.00
B3 1,075,000.00 5.50000% 1,073,396.34 4,919.73 0.00 0.00
B4 956,000.00 5.50000% 954,573.86 4,375.13 0.00 0.00
B5 597,000.00 5.50000% 596,109.41 2,732.17 0.00 0.00
B6 956,653.00 5.50000% 955,226.41 4,378.12 0.00 0.00
Totals 238,960,416.00 1,136,410.10 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-CB-3 0.00 0.00 6,628.72 0.00 1,438,819.71
1-CB-1 0.00 0.00 525,927.18 0.00 178,370,163.59
1-CB-2 0.00 0.00 295,834.04 0.00 178,370,163.59
1-CB-4 0.00 0.00 9,874.79 0.00 2,143,406.56
1-CB-R 0.00 0.00 0.00 0.00 0.00
1-CB-LR 0.00 0.00 0.00 0.00 0.00
2-A-1 0.00 0.00 193,019.26 0.00 41,938,869.04
A-IO 0.00 0.00 59,193.41 0.00 12,863,162.90
A-PO 0.00 0.00 0.00 0.00 1,862,477.02
B1 0.00 0.00 21,326.47 0.00 4,646,056.47
B2 0.00 0.00 8,201.08 0.00 1,786,638.03
B3 0.00 0.00 4,919.73 0.00 1,071,783.41
B4 0.00 0.00 4,375.13 0.00 953,139.48
B5 0.00 0.00 2,732.17 0.00 595,213.67
B6 0.00 0.00 4,378.12 0.00 953,791.11
Totals 0.00 0.00 1,136,410.10 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-CB-3 1,456,000.00 5.50000% 993.31500000 4.55269231 0.00000000 0.00000000
1-CB-1 180,500,000.00 3.52000% 993.31500028 2.91372399 0.00000000 0.00000000
1-CB-2 0.00 1.98000% 993.31500028 1.63896975 0.00000000 0.00000000
1-CB-4 2,169,000.00 5.50000% 993.31500231 4.55269249 0.00000000 0.00000000
1-CB-R 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000
1-CB-LR 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 42,893,000.00 5.50000% 981.82205185 4.50001772 0.00000000 0.00000000
A-IO 0.00 5.50000% 991.84096647 4.54593774 0.00000000 0.00000000
A-PO 1,905,663.00 0.00000% 980.81563214 0.00000000 0.00000000 0.00000000
B1 4,660,000.00 5.50000% 998.50822318 4.57649571 0.00000000 0.00000000
B2 1,792,000.00 5.50000% 998.50822545 4.57649554 0.00000000 0.00000000
B3 1,075,000.00 5.50000% 998.50822326 4.57649302 0.00000000 0.00000000
B4 956,000.00 5.50000% 998.50822176 4.57649582 0.00000000 0.00000000
B5 597,000.00 5.50000% 998.50822446 4.57649916 0.00000000 0.00000000
B6 956,653.00 5.50000% 998.50876964 4.57649743 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-CB-3 0.00000000 0.00000000 4.55269231 0.00000000 988.20035027
1-CB-1 0.00000000 0.00000000 2.91372399 0.00000000 988.20035230
1-CB-2 0.00000000 0.00000000 1.63896975 0.00000000 988.20035230
1-CB-4 0.00000000 0.00000000 4.55269249 0.00000000 988.20035039
1-CB-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-CB-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 0.00000000 4.50001772 0.00000000 977.75555545
A-IO 0.00000000 0.00000000 4.54593774 0.00000000 987.86567194
A-PO 0.00000000 0.00000000 0.00000000 0.00000000 977.33808129
B1 0.00000000 0.00000000 4.57649571 0.00000000 997.00782618
B2 0.00000000 0.00000000 4.57649554 0.00000000 997.00782924
B3 0.00000000 0.00000000 4.57649302 0.00000000 997.00782326
B4 0.00000000 0.00000000 4.57649582 0.00000000 997.00782427
B5 0.00000000 0.00000000 4.57649916 0.00000000 997.00782245
B6 0.00000000 0.00000000 4.57649743 0.00000000 997.00843462
<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>
1-A-IO 5.50000% 12,510,859.34 12,460,863.95 0.00 0.00 98.77442203%
2-A-IO 5.50000% 404,066.53 402,298.94 0.00 0.00 99.16423531%
1-A-PO 0.00000% 0.00 0.00 402,318.93 401,341.94 99.63653471%
2-A-PO 0.00000% 0.00 0.00 1,466,785.14 1,461,135.08 97.22382635%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 2,325,681.48
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 2,325,681.48
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 51,426.65
Payment of Interest and Principal 2,274,254.83
Total Withdrawals (Pool Distribution Amount) 2,325,681.48
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 49,353.79
Wells Fargo Bank, N.A. 2,072.86
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 51,426.65
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 0.00 0.00 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 10 0 0 0 10
1,264,715.48 0.00 0.00 0.00 1,264,715.48
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 10 0 0 0 10
1,264,715.48 0.00 0.00 0.00 1,264,715.48
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 0.593824% 0.000000% 0.000000% 0.000000% 0.593824%
0.535822% 0.000000% 0.000000% 0.000000% 0.535822%
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 0.593824% 0.000000% 0.000000% 0.000000% 0.593824%
0.535822% 0.000000% 0.000000% 0.000000% 0.535822%
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 8 0 0 0 8
1,001,001.68 0.00 0.00 0.00 1,001,001.68
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 8 0 0 0 8
1,001,001.68 0.00 0.00 0.00 1,001,001.68
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.600601% 0.000000% 0.000000% 0.000000% 0.600601%
0.525263% 0.000000% 0.000000% 0.000000% 0.525263%
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 0.600601% 0.000000% 0.000000% 0.000000% 0.600601%
0.525263% 0.000000% 0.000000% 0.000000% 0.525263%
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 2 0 0 0 2
263,713.80 0.00 0.00 0.00 263,713.80
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
263,713.80 0.00 0.00 0.00 263,713.80
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.568182% 0.000000% 0.000000% 0.000000% 0.568182%
0.580084% 0.000000% 0.000000% 0.000000% 0.580084%
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 0.568182% 0.000000% 0.000000% 0.000000% 0.568182%
0.580084% 0.000000% 0.000000% 0.000000% 0.580084%
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 6.016947%
Weighted Average Pass-Through Rate 5.756448%
Weighted Average Maturity(Stepdown Calculation ) 323
Beginning Scheduled Collateral Loan Count 1,689
Number Of Loans Paid In Full 5
Ending Scheduled Collateral Loan Count 1,684
Beginning Scheduled Collateral Balance 236,898,202.90
Ending Scheduled Collateral Balance 235,760,358.10
Ending Actual Collateral Balance at 29-Apr-2005 236,032,879.68
Monthly P &I Constant 1,543,064.10
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Non-PO Optimal Amount 2,200,009.14
Class AP Deferred Amount 0.00
Scheduled Principal 355,227.48
Unscheduled Principal 782,617.32
Miscellaneous Reporting
Senior % 94.980636%
Group Level Collateral Statement
Group 1 2 Total
Collateral Description Fixed 15 & 30 Year Fixed 15 & 30 Year Mixed Fixed
Weighted Average Coupon Rate 6.108485 5.632093 6.016947
Weighted Average Net Rate 5.858486 5.382093 5.766948
Weighted Average Maturity 358 178 323
Beginning Loan Count 1,336 353 1,689
Loans Paid In Full 4 1 5
Ending Loan Count 1,332 352 1,684
Beginning Scheduled Balance 191,378,595.74 45,519,607.16 236,898,202.90
Ending scheduled Balance 190,427,890.90 45,332,467.20 235,760,358.10
Record Date 04/29/2005 04/29/2005 04/29/2005
Principal And Interest Constant 1,163,515.99 379,548.11 1,543,064.10
Scheduled Principal 189,321.60 165,905.88 355,227.48
Unscheduled Principal 761,383.24 21,234.08 782,617.32
Scheduled Interest 974,194.39 213,642.23 1,187,836.62
Servicing Fees 39,870.54 9,483.25 49,353.79
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,674.56 398.30 2,072.86
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 932,649.29 203,760.68 1,136,409.97
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 5.847985 5.371595 5.756448
Miscellaneous Reporting
Group 1
CPR 4.675531%
Subordinate % 4.232019%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.767981%
Group 2
CPR 0.560382%
Subordinate % 4.402734%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.597266%