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 2005-2 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-13
Pooling and Servicing Agreement) (Commission 54-2168071
(State or other File Number) 54-2168072
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 May 25, 2005 a distribution was made to holders of BANC OF AMERICA
ALTERNATIVE LOAN TRUST, Mortgage 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 Pass-Through Certificates,
Series 2005-2 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 2005-2 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 2005-2 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 2005-2
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-1 05948KXQ7 SEN 5.50000% 17,960,000.00 82,316.67 0.00
1-CB-2 05948KXR5 SEN 5.50000% 129,169,290.02 592,025.91 578,259.29
1-CB-3 05948KXS3 SEN 5.50000% 19,296,378.72 88,441.74 34,043.26
1-CB-4 05948KXT1 SEN 5.50000% 7,427,621.28 34,043.26 (34,043.26)
1-CB-5 05948KXU8 SEN 5.50000% 367,000.00 1,682.08 0.00
1-CB-R 05948KXV6 SEN 5.50000% 0.00 0.00 0.00
1-CB-LR 05948KXW4 SEN 5.50000% 0.00 0.00 0.00
2-CB-1 05948KXX2 SEN 6.00000% 24,140,514.61 120,702.57 855,843.56
CB-IO 05948KXY0 SEN 5.50000% 0.00 54,064.87 0.00
3-A-1 05948KXZ7 SEN 5.00000% 25,754,278.42 107,309.49 108,453.36
A-PO 05948KYC7 PO 0.00000% 668,328.25 0.00 2,042.98
4-A-1 05948KYA1 SEN 5.50000% 27,875,728.69 127,763.76 489,548.35
15-IO 05948KYB9 SEN 5.50000% 0.00 4,912.96 0.00
B-1 05948KYD5 SUB 5.49844% 5,185,975.26 23,762.32 8,092.24
B-2 05948KYE3 SUB 5.49844% 2,127,426.22 9,747.94 3,319.65
B-3 05948KYF0 SUB 5.49844% 1,196,303.41 5,481.50 1,866.72
B-4 05948KYG8 SUB 5.49844% 1,063,713.11 4,873.97 1,659.83
B-5 05948KYH6 SUB 5.49844% 797,535.60 3,654.34 1,244.48
B-6 05948KYJ2 SUB 5.49844% 931,499.07 4,268.16 1,453.52
Totals 263,961,592.66 1,265,051.54 2,051,783.98
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-CB-1 0.00 17,960,000.00 82,316.67 0.00
1-CB-2 0.00 128,591,030.73 1,170,285.20 0.00
1-CB-3 0.00 19,262,335.46 122,485.00 0.00
1-CB-4 0.00 7,461,664.54 0.00 0.00
1-CB-5 0.00 367,000.00 1,682.08 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-CB-1 0.00 23,284,671.04 976,546.13 0.00
CB-IO 0.00 0.00 54,064.87 0.00
3-A-1 0.00 25,645,825.06 215,762.85 0.00
A-PO 0.00 666,285.27 2,042.98 0.00
4-A-1 0.00 27,386,180.34 617,312.11 0.00
15-IO 0.00 0.00 4,912.96 0.00
B-1 0.00 5,177,883.02 31,854.56 0.00
B-2 0.00 2,124,106.57 13,067.59 0.00
B-3 0.00 1,194,436.68 7,348.22 0.00
B-4 0.00 1,062,053.28 6,533.80 0.00
B-5 0.00 796,291.12 4,898.82 0.00
B-6 0.00 930,045.55 5,721.68 0.00
Totals 0.00 261,909,808.66 3,316,835.52 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-1 17,960,000.00 17,960,000.00 0.00 0.00 0.00 0.00
1-CB-2 130,230,000.00 129,169,290.02 175,624.69 402,634.60 0.00 0.00
1-CB-3 19,364,000.00 19,296,378.72 10,339.37 23,703.89 0.00 0.00
1-CB-4 7,360,000.00 7,427,621.28 0.00 0.00 (34,043.26) 0.00
1-CB-5 367,000.00 367,000.00 0.00 0.00 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-CB-1 25,309,000.00 24,140,514.61 21,852.79 833,990.77 0.00 0.00
CB-IO 0.00 0.00 0.00 0.00 0.00 0.00
3-A-1 25,974,000.00 25,754,278.42 95,967.36 12,486.00 0.00 0.00
A-PO 672,363.00 668,328.25 1,974.35 68.63 0.00 0.00
4-A-1 28,143,000.00 27,875,728.69 99,792.97 389,755.38 0.00 0.00
15-IO 0.00 0.00 0.00 0.00 0.00 0.00
B-1 5,202,000.00 5,185,975.26 8,092.24 0.00 0.00 0.00
B-2 2,134,000.00 2,127,426.22 3,319.65 0.00 0.00 0.00
B-3 1,200,000.00 1,196,303.41 1,866.72 0.00 0.00 0.00
B-4 1,067,000.00 1,063,713.11 1,659.83 0.00 0.00 0.00
B-5 800,000.00 797,535.60 1,244.48 0.00 0.00 0.00
B-6 934,376.00 931,499.07 1,453.52 0.00 0.00 0.00
Totals 266,716,839.00 263,961,592.66 423,187.97 1,662,639.27 (34,043.26) 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-1 0.00 17,960,000.00 1.00000000 0.00
1-CB-2 578,259.29 128,591,030.73 0.98741481 578,259.29
1-CB-3 34,043.26 19,262,335.46 0.99474982 34,043.26
1-CB-4 (34,043.26) 7,461,664.54 1.01381312 (34,043.26)
1-CB-5 0.00 367,000.00 1.00000000 0.00
1-CB-R 0.00 0.00 0.00000000 0.00
1-CB-LR 0.00 0.00 0.00000000 0.00
2-CB-1 855,843.56 23,284,671.04 0.92001545 855,843.56
CB-IO 0.00 0.00 0.00000000 0.00
3-A-1 108,453.36 25,645,825.06 0.98736525 108,453.36
A-PO 2,042.98 666,285.27 0.99096064 2,042.98
4-A-1 489,548.35 27,386,180.34 0.97310807 489,548.35
15-IO 0.00 0.00 0.00000000 0.00
B-1 8,092.24 5,177,883.02 0.99536390 8,092.24
B-2 3,319.65 2,124,106.57 0.99536390 3,319.65
B-3 1,866.72 1,194,436.68 0.99536390 1,866.72
B-4 1,659.83 1,062,053.28 0.99536390 1,659.83
B-5 1,244.48 796,291.12 0.99536390 1,244.48
B-6 1,453.52 930,045.55 0.99536541 1,453.52
Totals 2,051,783.98 261,909,808.66 0.98197703 2,051,783.98
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-1 17,960,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-CB-2 130,230,000.00 991.85510266 1.34857322 3.09171927 0.00000000
1-CB-3 19,364,000.00 996.50788680 0.53394805 1.22412157 0.00000000
1-CB-4 7,360,000.00 1009.18767391 0.00000000 0.00000000 (4.62544293)
1-CB-5 367,000.00 1000.00000000 0.00000000 0.00000000 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-CB-1 25,309,000.00 953.83123039 0.86343949 32.95233988 0.00000000
CB-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 25,974,000.00 991.54071071 3.69474705 0.48071148 0.00000000
A-PO 672,363.00 993.99914927 2.93643463 0.10207284 0.00000000
4-A-1 28,143,000.00 990.50309811 3.54592510 13.84910564 0.00000000
15-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
B-1 5,202,000.00 996.91950404 1.55560169 0.00000000 0.00000000
B-2 2,134,000.00 996.91950328 1.55559981 0.00000000 0.00000000
B-3 1,200,000.00 996.91950833 1.55560000 0.00000000 0.00000000
B-4 1,067,000.00 996.91950328 1.55560450 0.00000000 0.00000000
B-5 800,000.00 996.91950000 1.55560000 0.00000000 0.00000000
B-6 934,376.00 996.92101467 1.55560502 0.00000000 0.00000000
<FN>
(2) All amounts per 1,000 dollar 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-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-CB-2 0.00000000 4.44029248 987.41481018 0.98741481 4.44029248
1-CB-3 0.00000000 1.75806961 994.74981719 0.99474982 1.75806961
1-CB-4 0.00000000 (4.62544293) 1,013.81311685 1.01381312 (4.62544293)
1-CB-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
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-CB-1 0.00000000 33.81577937 920.01545063 0.92001545 33.81577937
CB-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 0.00000000 4.17545854 987.36525218 0.98736525 4.17545854
A-PO 0.00000000 3.03850747 990.96064180 0.99096064 3.03850747
4-A-1 0.00000000 17.39503074 973.10806737 0.97310807 17.39503074
15-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 1.55560169 995.36390235 0.99536390 1.55560169
B-2 0.00000000 1.55559981 995.36390347 0.99536390 1.55559981
B-3 0.00000000 1.55560000 995.36390000 0.99536390 1.55560000
B-4 0.00000000 1.55560450 995.36389878 0.99536390 1.55560450
B-5 0.00000000 1.55560000 995.36390000 0.99536390 1.55560000
B-6 0.00000000 1.55560502 995.36540964 0.99536541 1.55560502
<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-1 17,960,000.00 5.50000% 17,960,000.00 82,316.67 0.00 0.00
1-CB-2 130,230,000.00 5.50000% 129,169,290.02 592,025.91 0.00 0.00
1-CB-3 19,364,000.00 5.50000% 19,296,378.72 88,441.74 0.00 0.00
1-CB-4 7,360,000.00 5.50000% 7,427,621.28 34,043.26 0.00 0.00
1-CB-5 367,000.00 5.50000% 367,000.00 1,682.08 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-CB-1 25,309,000.00 6.00000% 24,140,514.61 120,702.57 0.00 0.00
CB-IO 0.00 5.50000% 11,795,970.93 54,064.87 0.00 0.00
3-A-1 25,974,000.00 5.00000% 25,754,278.42 107,309.49 0.00 0.00
A-PO 672,363.00 0.00000% 668,328.25 0.00 0.00 0.00
4-A-1 28,143,000.00 5.50000% 27,875,728.69 127,763.76 0.00 0.00
15-IO 0.00 5.50000% 1,071,918.41 4,912.96 0.00 0.00
B-1 5,202,000.00 5.49844% 5,185,975.26 23,762.32 0.00 0.00
B-2 2,134,000.00 5.49844% 2,127,426.22 9,747.94 0.00 0.00
B-3 1,200,000.00 5.49844% 1,196,303.41 5,481.50 0.00 0.00
B-4 1,067,000.00 5.49844% 1,063,713.11 4,873.97 0.00 0.00
B-5 800,000.00 5.49844% 797,535.60 3,654.34 0.00 0.00
B-6 934,376.00 5.49844% 931,499.07 4,268.16 0.00 0.00
Totals 266,716,839.00 1,265,051.54 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-1 0.00 0.00 82,316.67 0.00 17,960,000.00
1-CB-2 0.00 0.00 592,025.91 0.00 128,591,030.73
1-CB-3 0.00 0.00 88,441.74 0.00 19,262,335.46
1-CB-4 0.00 0.00 34,043.26 0.00 7,461,664.54
1-CB-5 0.00 0.00 1,682.08 0.00 367,000.00
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-CB-1 0.00 0.00 120,702.57 0.00 23,284,671.04
CB-IO 0.00 0.00 54,064.87 0.00 11,668,057.22
3-A-1 0.00 0.00 107,309.49 0.00 25,645,825.06
A-PO 0.00 0.00 0.00 0.00 666,285.27
4-A-1 0.00 0.00 127,763.76 0.00 27,386,180.34
15-IO 0.00 0.00 4,912.96 0.00 1,059,728.99
B-1 0.00 0.00 23,762.32 0.00 5,177,883.02
B-2 0.00 0.00 9,747.94 0.00 2,124,106.57
B-3 0.00 0.00 5,481.50 0.00 1,194,436.68
B-4 0.00 0.00 4,873.97 0.00 1,062,053.28
B-5 0.00 0.00 3,654.34 0.00 796,291.12
B-6 0.00 0.00 4,268.16 0.00 930,045.55
Totals 0.00 0.00 1,265,051.54 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>
1-CB-1 17,960,000.00 5.50000% 1000.00000000 4.58333352 0.00000000 0.00000000
1-CB-2 130,230,000.00 5.50000% 991.85510266 4.54600253 0.00000000 0.00000000
1-CB-3 19,364,000.00 5.50000% 996.50788680 4.56732803 0.00000000 0.00000000
1-CB-4 7,360,000.00 5.50000% 1009.18767391 4.62544293 0.00000000 0.00000000
1-CB-5 367,000.00 5.50000% 1000.00000000 4.58332425 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-CB-1 25,309,000.00 6.00000% 953.83123039 4.76915603 0.00000000 0.00000000
CB-IO 0.00 5.50000% 987.92675572 4.52799790 0.00000000 0.00000000
3-A-1 25,974,000.00 5.00000% 991.54071071 4.13141950 0.00000000 0.00000000
A-PO 672,363.00 0.00000% 993.99914927 0.00000000 0.00000000 0.00000000
4-A-1 28,143,000.00 5.50000% 990.50309811 4.53980599 0.00000000 0.00000000
15-IO 0.00 5.50000% 990.90499068 4.54164845 0.00000000 0.00000000
B-1 5,202,000.00 5.49844% 996.91950404 4.56792003 0.00000000 0.00000000
B-2 2,134,000.00 5.49844% 996.91950328 4.56791940 0.00000000 0.00000000
B-3 1,200,000.00 5.49844% 996.91950833 4.56791667 0.00000000 0.00000000
B-4 1,067,000.00 5.49844% 996.91950328 4.56791940 0.00000000 0.00000000
B-5 800,000.00 5.49844% 996.91950000 4.56792500 0.00000000 0.00000000
B-6 934,376.00 5.49844% 996.92101467 4.56792555 0.00000000 0.00000000
<FN>
(5) All amounts per 1,000 dollar 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-1 0.00000000 0.00000000 4.58333352 0.00000000 1000.00000000
1-CB-2 0.00000000 0.00000000 4.54600253 0.00000000 987.41481018
1-CB-3 0.00000000 0.00000000 4.56732803 0.00000000 994.74981719
1-CB-4 0.00000000 0.00000000 4.62544293 0.00000000 1013.81311685
1-CB-5 0.00000000 0.00000000 4.58332425 0.00000000 1000.00000000
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-CB-1 0.00000000 0.00000000 4.76915603 0.00000000 920.01545063
CB-IO 0.00000000 0.00000000 4.52799790 0.00000000 977.21382863
3-A-1 0.00000000 0.00000000 4.13141950 0.00000000 987.36525218
A-PO 0.00000000 0.00000000 0.00000000 0.00000000 990.96064180
4-A-1 0.00000000 0.00000000 4.53980599 0.00000000 973.10806737
15-IO 0.00000000 0.00000000 4.54164845 0.00000000 979.63682232
B-1 0.00000000 0.00000000 4.56792003 0.00000000 995.36390235
B-2 0.00000000 0.00000000 4.56791940 0.00000000 995.36390347
B-3 0.00000000 0.00000000 4.56791667 0.00000000 995.36390000
B-4 0.00000000 0.00000000 4.56791940 0.00000000 995.36389878
B-5 0.00000000 0.00000000 4.56792500 0.00000000 995.36390000
B-6 0.00000000 0.00000000 4.56792555 0.00000000 995.36540964
<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-CB-IO 5.50000% 10,278,097.41 10,236,900.20 0.00 0.00 99.02220017%
2-CB-IO 5.50000% 1,517,873.51 1,431,157.02 0.00 0.00 89.32772626%
1-A-PO 0.00000% 0.00 0.00 202,573.65 202,348.01 99.65844913%
2-A-PO 0.00000% 0.00 0.00 265,549.48 264,514.58 98.84755707%
3-A-PO 0.00000% 0.00 0.00 200,205.12 199,422.68 98.85966399%
1-15-IO 5.50000% 633,530.17 630,903.31 0.00 0.00 98.70634352%
2-15-IO 5.50000% 438,388.24 428,825.69 0.00 0.00 96.89114859%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 3,374,137.49
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 0.00
Total Deposits 3,374,137.49
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 57,301.67
Payment of Interest and Principal 3,316,835.82
Total Withdrawals (Pool Distribution Amount) 3,374,137.49
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 54,992.00
Trustee Fee: Wells Fargo Bank, N.A. 2,309.67
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 57,301.67
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 9 0 0 0 9
1,126,939.56 0.00 0.00 0.00 1,126,939.56
60 Days 2 0 0 0 2
283,170.13 0.00 0.00 0.00 283,170.13
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 11 0 0 0 11
1,410,109.69 0.00 0.00 0.00 1,410,109.69
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 0.499168% 0.000000% 0.000000% 0.000000% 0.499168%
0.429729% 0.000000% 0.000000% 0.000000% 0.429729%
60 Days 0.110926% 0.000000% 0.000000% 0.000000% 0.110926%
0.107979% 0.000000% 0.000000% 0.000000% 0.107979%
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 0.610094% 0.000000% 0.000000% 0.000000% 0.610094%
0.537708% 0.000000% 0.000000% 0.000000% 0.537708%
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
1,100,870.55 0.00 0.00 0.00 1,100,870.55
60 Days 1 0 0 0 1
29,970.13 0.00 0.00 0.00 29,970.13
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 9 0 0 0 9
1,130,840.68 0.00 0.00 0.00 1,130,840.68
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.660611% 0.000000% 0.000000% 0.000000% 0.660611%
0.605685% 0.000000% 0.000000% 0.000000% 0.605685%
60 Days 0.082576% 0.000000% 0.000000% 0.000000% 0.082576%
0.016489% 0.000000% 0.000000% 0.000000% 0.016489%
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 0.743187% 0.000000% 0.000000% 0.000000% 0.743187%
0.622174% 0.000000% 0.000000% 0.000000% 0.622174%
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 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 1 0 0 0 1
253,200.00 0.00 0.00 0.00 253,200.00
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 1 0 0 0 1
253,200.00 0.00 0.00 0.00 253,200.00
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 0.526316% 0.000000% 0.000000% 0.000000% 0.526316%
1.036701% 0.000000% 0.000000% 0.000000% 1.036701%
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 0.526316% 0.000000% 0.000000% 0.000000% 0.526316%
1.036701% 0.000000% 0.000000% 0.000000% 1.036701%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
3 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 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 1 0 0 0 1
26,069.01 0.00 0.00 0.00 26,069.01
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 1 0 0 0 1
26,069.01 0.00 0.00 0.00 26,069.01
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.387597% 0.000000% 0.000000% 0.000000% 0.387597%
0.090132% 0.000000% 0.000000% 0.000000% 0.090132%
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 0.387597% 0.000000% 0.000000% 0.000000% 0.387597%
0.090132% 0.000000% 0.000000% 0.000000% 0.090132%
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 6.011572%
Weighted Average Pass-Through Rate 5.751072%
Weighted Average Maturity(Stepdown Calculation ) 318
Beginning Scheduled Collateral Loan Count 1,813
Number Of Loans Paid In Full 10
Ending Scheduled Collateral Loan Count 1,803
Beginning Scheduled Collateral Balance 263,961,592.67
Ending Scheduled Collateral Balance 261,909,808.69
Ending Actual Collateral Balance at 29-Apr-2005 262,244,362.22
Monthly P &I Constant 1,735,201.94
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 3,243,324.88
Class AP Deferred Amount 0.00
Scheduled Principal 412,848.60
Unscheduled Principal 1,638,935.38
Miscellaneous Reporting
Senior % 95.464954%
Group Level Collateral Statement
Group 1 2 3
Collateral Description Fixed 15 & 30 Year Fixed 15 & 30 Year Fixed 15 & 30 Year
Weighted Average Coupon Rate 6.064651 6.590970 5.339859
Weighted Average Net Rate 5.814652 6.340968 5.089860
Weighted Average Maturity 356 357 177
Beginning Loan Count 1,214 196 144
Loans Paid In Full 3 6 0
Ending Loan Count 1,211 190 144
Beginning Scheduled Balance 182,197,367.54 25,262,067.00 27,176,577.74
Ending scheduled Balance 181,611,045.44 24,405,208.17 27,062,779.11
Record Date 04/29/2005 04/29/2005 04/29/2005
Principal And Interest Constant 1,104,486.83 161,619.33 222,235.72
Scheduled Principal 183,683.96 22,868.06 101,303.14
Unscheduled Principal 402,638.14 833,990.77 12,495.49
Scheduled Interest 920,802.87 138,751.27 120,932.58
Servicing Fees 37,957.78 5,262.93 5,661.79
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 1,594.23 221.04 237.80
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 881,250.86 133,267.30 115,032.99
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 5.804153 6.330467 5.079360
Group Level Collateral Statement
Group 4 Total
Collateral Description Fixed 15 & 30 Year Mixed Fixed
Weighted Average Coupon Rate 5.805169 6.011572
Weighted Average Net Rate 5.555170 5.761572
Weighted Average Maturity 177 318
Beginning Loan Count 259 1,813
Loans Paid In Full 1 10
Ending Loan Count 258 1,803
Beginning Scheduled Balance 29,325,580.39 263,961,592.67
Ending scheduled Balance 28,830,775.97 261,909,808.69
Record Date 04/29/2005 04/29/2005
Principal And Interest Constant 246,860.06 1,735,201.94
Scheduled Principal 104,993.44 412,848.60
Unscheduled Principal 389,810.98 1,638,935.38
Scheduled Interest 141,866.62 1,322,353.34
Servicing Fees 6,109.50 54,992.00
Master Servicing Fees 0.00 0.00
Trustee Fee 256.60 2,309.67
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 135,500.52 1,265,051.67
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 5.544668 5.751072
Miscellaneous Reporting
Group 1
CPR 2.622497%
Subordinate % 4.271827%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.728173%
Group 2
CPR 33.183550%
Subordinate % 4.439670%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.560330%
Group 3
CPR 0.552408%
Subordinate % 4.298424%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.701576%
Miscellaneous Reporting
Group 4
CPR 14.884481%
Subordinate % 4.290575%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.709425%