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): June 27, 2005
BANC OF AMERICA ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2005-4 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-21
Pooling and Servicing Agreement) (Commission 54-2173102
(State or other File Number) 54-2173103
jurisdiction 54-2173104
of Incorporation) 54-6658784
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 June 27, 2005 a distribution was made to holders of BANC OF AMERICA
ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2005-4
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 2005-4 Trust, relating to the
June 27, 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 2005-4 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield as Officer
By: Beth Belfield as Officer
Date: 6/28/2005
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2005-4 Trust,
relating to the June 27, 2005 distribution.
EX-99.1
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Record Date: 5/31/2005
Distribution Date: 6/27/2005
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Series 2005-4
Contact: Customer Service - CTSLink
Wells Fargo Bank, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
www.ctslink.com
Telephone: (301) 815-6600
Fax: (301) 815-6660
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest
Class CUSIP Description Rate Balance Distribution
<s> <c> <c> <c> <c> <c>
CB-1 05948KZA0 SEN 3.49000% 49,825,149.21 144,908.14
CB-2 05948KZB8 SEN 3.59000% 88,476,541.95 264,692.32
CB-3 05948KZC6 SEN 1.91000% 0.00 140,825.16
CB-4 05948KZD4 SEN 2.01000% 0.00 83,457.12
CB-5 05948KZE2 SEN 5.50000% 9,000,000.00 41,250.00
CB-6 05948KZF9 SEN 3.49000% 87,453,094.13 254,342.75
CB-7 05948KZG7 SEN 2.01000% 0.00 146,483.93
CB-8 05948KZH5 SEN 5.50000% 20,000,000.00 91,666.67
CB-9 05948KZJ1 SEN 5.50000% 833,000.00 3,817.92
CB-10 05948KZK8 SEN 5.50000% 12,544,232.08 57,494.40
CB-11 05948KZL6 SEN 5.50000% 5,229,767.92 23,969.77
CB-12 05948KZM4 SEN 5.50000% 4,315,248.90 19,778.22
CB-13 05948KZN2 SEN 5.50000% 12,410,000.00 56,879.17
CB-R 05948KZP7 SEN 5.50000% 0.00 0.00
CB-IO 05948KZQ5 SEN 5.50000% 0.00 75,777.86
2-A-1 05948KZR3 SEN 5.00000% 20,005,578.20 83,356.58
3-A-1 05948KZS1 SEN 5.50000% 29,693,818.42 136,096.67
A-PO 05948KZU6 PO 0.00000% 1,246,965.80 0.00
15-IO 05948KZT9 SEN 5.50000% 0.00 4,467.35
B-1 05948KZV4 SUB 5.47043% 6,406,105.44 29,203.48
B-2 05948KZW2 SUB 5.47043% 2,669,293.82 12,168.49
B-3 05948KZX0 SUB 5.47043% 1,957,282.41 8,922.65
B-4 05948KZY8 SUB 5.47043% 1,245,271.00 5,676.81
B-5 05948KZZ5 SUB 5.47043% 712,011.41 3,245.84
B-6 05948KA25 SUB 5.47043% 1,245,691.22 5,678.73
Totals 355,269,051.91 1,694,160.03
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
CB-1 483,501.52 0.00 49,341,647.69 628,409.66 0.00
CB-2 1,063,112.44 0.00 87,413,429.51 1,327,804.76 0.00
CB-3 0.00 0.00 0.00 140,825.16 0.00
CB-4 0.00 0.00 0.00 83,457.12 0.00
CB-5 0.00 0.00 9,000,000.00 41,250.00 0.00
CB-6 848,663.33 0.00 86,604,430.81 1,103,006.08 0.00
CB-7 0.00 0.00 0.00 146,483.93 0.00
CB-8 0.00 0.00 20,000,000.00 91,666.67 0.00
CB-9 0.00 0.00 833,000.00 3,817.92 0.00
CB-10 (57,494.40) 0.00 12,601,726.48 0.00 0.00
CB-11 57,494.40 0.00 5,172,273.52 81,464.17 0.00
CB-12 51,850.97 0.00 4,263,397.93 71,629.19 0.00
CB-13 0.00 0.00 12,410,000.00 56,879.17 0.00
CB-R 0.00 0.00 0.00 0.00 0.00
CB-IO 0.00 0.00 0.00 75,777.86 0.00
2-A-1 81,095.91 0.00 19,924,482.29 164,452.49 0.00
3-A-1 110,958.38 0.00 29,582,860.03 247,055.05 0.00
A-PO 6,058.92 0.00 1,240,906.88 6,058.92 0.00
15-IO 0.00 0.00 0.00 4,467.35 0.00
B-1 8,888.98 0.00 6,397,216.46 38,092.46 0.00
B-2 3,703.86 0.00 2,665,589.96 15,872.35 0.00
B-3 2,715.88 0.00 1,954,566.53 11,638.53 0.00
B-4 1,727.91 0.00 1,243,543.09 7,404.72 0.00
B-5 987.97 0.00 711,023.44 4,233.81 0.00
B-6 1,728.39 0.00 1,243,962.83 7,407.12 0.00
Totals 2,664,994.46 0.00 352,604,057.45 4,359,154.49 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>
CB-1 50,000,000.00 49,825,149.21 57,708.71 425,792.81 0.00 0.00
CB-2 88,861,000.00 88,476,541.95 126,888.63 936,223.81 0.00 0.00
CB-3 0.00 0.00 0.00 0.00 0.00 0.00
CB-4 0.00 0.00 0.00 0.00 0.00 0.00
CB-5 9,000,000.00 9,000,000.00 0.00 0.00 0.00 0.00
CB-6 87,760,000.00 87,453,094.13 101,292.89 747,370.44 0.00 0.00
CB-7 0.00 0.00 0.00 0.00 0.00 0.00
CB-8 20,000,000.00 20,000,000.00 0.00 0.00 0.00 0.00
CB-9 833,000.00 833,000.00 0.00 0.00 0.00 0.00
CB-10 12,487,000.00 12,544,232.08 0.00 0.00 (57,494.40) 0.00
CB-11 5,287,000.00 5,229,767.92 6,862.29 50,632.11 0.00 0.00
CB-12 4,334,000.00 4,315,248.90 6,188.71 45,662.26 0.00 0.00
CB-13 12,410,000.00 12,410,000.00 0.00 0.00 0.00 0.00
CB-R 100.00 0.00 0.00 0.00 0.00 0.00
CB-IO 0.00 0.00 0.00 0.00 0.00 0.00
2-A-1 20,082,000.00 20,005,578.20 73,781.27 7,314.64 0.00 0.00
3-A-1 29,801,000.00 29,693,818.42 105,199.73 5,758.65 0.00 0.00
A-PO 1,249,480.28 1,246,965.80 2,471.80 3,587.12 0.00 0.00
15-IO 0.00 0.00 0.00 0.00 0.00 0.00
B-1 6,415,000.00 6,406,105.44 8,888.98 0.00 0.00 0.00
B-2 2,673,000.00 2,669,293.82 3,703.86 0.00 0.00 0.00
B-3 1,960,000.00 1,957,282.41 2,715.88 0.00 0.00 0.00
B-4 1,247,000.00 1,245,271.00 1,727.91 0.00 0.00 0.00
B-5 713,000.00 712,011.41 987.97 0.00 0.00 0.00
B-6 1,247,420.00 1,245,691.22 1,728.39 0.00 0.00 0.00
Totals 356,360,000.28 355,269,051.91 500,147.02 2,222,341.84 (57,494.40) 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>
CB-1 483,501.52 49,341,647.69 0.98683295 483,501.52
CB-2 1,063,112.44 87,413,429.51 0.98370972 1,063,112.44
CB-3 0.00 0.00 0.00000000 0.00
CB-4 0.00 0.00 0.00000000 0.00
CB-5 0.00 9,000,000.00 1.00000000 0.00
CB-6 848,663.33 86,604,430.81 0.98683262 848,663.33
CB-7 0.00 0.00 0.00000000 0.00
CB-8 0.00 20,000,000.00 1.00000000 0.00
CB-9 0.00 833,000.00 1.00000000 0.00
CB-10 (57,494.40) 12,601,726.48 1.00918767 (57,494.40)
CB-11 57,494.40 5,172,273.52 0.97830027 57,494.40
CB-12 51,850.97 4,263,397.93 0.98370972 51,850.97
CB-13 0.00 12,410,000.00 1.00000000 0.00
CB-R 0.00 0.00 0.00000000 0.00
CB-IO 0.00 0.00 0.00000000 0.00
2-A-1 81,095.91 19,924,482.29 0.99215627 81,095.91
3-A-1 110,958.38 29,582,860.03 0.99268011 110,958.38
A-PO 6,058.92 1,240,906.88 0.99313843 6,058.92
15-IO 0.00 0.00 0.00000000 0.00
B-1 8,888.98 6,397,216.46 0.99722782 8,888.98
B-2 3,703.86 2,665,589.96 0.99722782 3,703.86
B-3 2,715.88 1,954,566.53 0.99722782 2,715.88
B-4 1,727.91 1,243,543.09 0.99722782 1,727.91
B-5 987.97 711,023.44 0.99722783 987.97
B-6 1,728.39 1,243,962.83 0.99722854 1,728.39
Totals 2,664,994.46 352,604,057.45 0.98946026 2,664,994.46
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>
CB-1 50,000,000.00 996.50298420 1.15417420 8.51585620 0.00000000
CB-2 88,861,000.00 995.67348949 1.42794511 10.53582348 0.00000000
CB-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000
CB-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000
CB-5 9,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CB-6 87,760,000.00 996.50289574 1.15420340 8.51607156 0.00000000
CB-7 0.00 0.00000000 0.00000000 0.00000000 0.00000000
CB-8 20,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CB-9 833,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CB-10 12,487,000.00 1004.58333307 0.00000000 0.00000000 (4.60434051)
CB-11 5,287,000.00 989.17494231 1.29795536 9.57671837 0.00000000
CB-12 4,334,000.00 995.67348869 1.42794416 10.53582372 0.00000000
CB-13 12,410,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
CB-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000
CB-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 20,082,000.00 996.19451250 3.67400010 0.36423862 0.00000000
3-A-1 29,801,000.00 996.40342338 3.53007382 0.19323680 0.00000000
A-PO 1,249,480.28 997.98757928 1.97826251 2.87088965 0.00000000
15-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
B-1 6,415,000.00 998.61347467 1.38565549 0.00000000 0.00000000
B-2 2,673,000.00 998.61347550 1.38565657 0.00000000 0.00000000
B-3 1,960,000.00 998.61347449 1.38565306 0.00000000 0.00000000
B-4 1,247,000.00 998.61347233 1.38565357 0.00000000 0.00000000
B-5 713,000.00 998.61347826 1.38565217 0.00000000 0.00000000
B-6 1,247,420.00 998.61411553 1.38557182 0.00000000 0.00000000
<FN>
(2) All classes are 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>
CB-1 0.00000000 9.67003040 986.83295380 0.98683295 9.67003040
CB-2 0.00000000 11.96376858 983.70972091 0.98370972 11.96376858
CB-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
CB-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
CB-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CB-6 0.00000000 9.67027495 986.83262090 0.98683262 9.67027495
CB-7 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
CB-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CB-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CB-10 0.00000000 (4.60434051) 1,009.18767358 1.00918767 (4.60434051)
CB-11 0.00000000 10.87467373 978.30026858 0.97830027 10.87467373
CB-12 0.00000000 11.96376788 983.70972081 0.98370972 11.96376788
CB-13 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CB-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
CB-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 4.03823872 992.15627378 0.99215627 4.03823872
3-A-1 0.00000000 3.72331063 992.68011241 0.99268011 3.72331063
A-PO 0.00000000 4.84915216 993.13842712 0.99313843 4.84915216
15-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 1.38565549 997.22781917 0.99722782 1.38565549
B-2 0.00000000 1.38565657 997.22781893 0.99722782 1.38565657
B-3 0.00000000 1.38565306 997.22782143 0.99722782 1.38565306
B-4 0.00000000 1.38565357 997.22781877 0.99722782 1.38565357
B-5 0.00000000 1.38565217 997.22782609 0.99722783 1.38565217
B-6 0.00000000 1.38557182 997.22854371 0.99722854 1.38557182
<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>
CB-1 50,000,000.00 3.49000% 49,825,149.21 144,908.14 0.00 0.00
CB-2 88,861,000.00 3.59000% 88,476,541.95 264,692.32 0.00 0.00
CB-3 0.00 1.91000% 88,476,541.95 140,825.16 0.00 0.00
CB-4 0.00 2.01000% 49,825,149.21 83,457.12 0.00 0.00
CB-5 9,000,000.00 5.50000% 9,000,000.00 41,250.00 0.00 0.00
CB-6 87,760,000.00 3.49000% 87,453,094.13 254,342.75 0.00 0.00
CB-7 0.00 2.01000% 87,453,094.13 146,483.93 0.00 0.00
CB-8 20,000,000.00 5.50000% 20,000,000.00 91,666.67 0.00 0.00
CB-9 833,000.00 5.50000% 833,000.00 3,817.92 0.00 0.00
CB-10 12,487,000.00 5.50000% 12,544,232.08 57,494.40 0.00 0.00
CB-11 5,287,000.00 5.50000% 5,229,767.92 23,969.77 0.00 0.00
CB-12 4,334,000.00 5.50000% 4,315,248.90 19,778.22 0.00 0.00
CB-13 12,410,000.00 5.50000% 12,410,000.00 56,879.17 0.00 0.00
CB-R 100.00 5.50000% 0.00 0.00 0.00 0.00
CB-IO 0.00 5.50000% 16,533,351.81 75,777.86 0.00 0.00
2-A-1 20,082,000.00 5.00000% 20,005,578.20 83,356.58 0.00 0.00
3-A-1 29,801,000.00 5.50000% 29,693,818.42 136,096.67 0.00 0.00
A-PO 1,249,480.28 0.00000% 1,246,965.80 0.00 0.00 0.00
15-IO 0.00 5.50000% 974,693.65 4,467.35 0.00 0.00
B-1 6,415,000.00 5.47043% 6,406,105.44 29,203.48 0.00 0.00
B-2 2,673,000.00 5.47043% 2,669,293.82 12,168.49 0.00 0.00
B-3 1,960,000.00 5.47043% 1,957,282.41 8,922.65 0.00 0.00
B-4 1,247,000.00 5.47043% 1,245,271.00 5,676.81 0.00 0.00
B-5 713,000.00 5.47043% 712,011.41 3,245.84 0.00 0.00
B-6 1,247,420.00 5.47043% 1,245,691.22 5,678.73 0.00 0.00
Totals 356,360,000.28 1,694,160.03 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>
CB-1 0.00 0.00 144,908.14 0.00 49,341,647.69
CB-2 0.00 0.00 264,692.32 0.00 87,413,429.51
CB-3 0.00 0.00 140,825.16 0.00 87,413,429.51
CB-4 0.00 0.00 83,457.12 0.00 49,341,647.69
CB-5 0.00 0.00 41,250.00 0.00 9,000,000.00
CB-6 0.00 0.00 254,342.75 0.00 86,604,430.81
CB-7 0.00 0.00 146,483.93 0.00 86,604,430.80
CB-8 0.00 0.00 91,666.67 0.00 20,000,000.00
CB-9 0.00 0.00 3,817.92 0.00 833,000.00
CB-10 0.00 0.00 57,494.40 0.00 12,601,726.48
CB-11 0.00 0.00 23,969.77 0.00 5,172,273.52
CB-12 0.00 0.00 19,778.22 0.00 4,263,397.93
CB-13 0.00 0.00 56,879.17 0.00 12,410,000.00
CB-R 0.00 0.00 0.00 0.00 0.00
CB-IO 0.00 0.00 75,777.86 0.00 16,352,355.27
2-A-1 0.00 0.00 83,356.58 0.00 19,924,482.29
3-A-1 0.00 0.00 136,096.67 0.00 29,582,860.03
A-PO 0.00 0.00 0.00 0.00 1,240,906.88
15-IO 0.00 0.00 4,467.35 0.00 971,106.53
B-1 0.00 0.00 29,203.48 0.00 6,397,216.46
B-2 0.00 0.00 12,168.49 0.00 2,665,589.96
B-3 0.00 0.00 8,922.65 0.00 1,954,566.53
B-4 0.00 0.00 5,676.81 0.00 1,243,543.09
B-5 0.00 0.00 3,245.84 0.00 711,023.44
B-6 0.00 0.00 5,678.73 0.00 1,243,962.83
Totals 0.00 0.00 1,694,160.03 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>
CB-1 50,000,000.00 3.49000% 996.50298420 2.89816280 0.00000000 0.00000000
CB-2 88,861,000.00 3.59000% 995.67348949 2.97872317 0.00000000 0.00000000
CB-3 0.00 1.91000% 995.67348949 1.58478027 0.00000000 0.00000000
CB-4 0.00 2.01000% 996.50298420 1.66914240 0.00000000 0.00000000
CB-5 9,000,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
CB-6 87,760,000.00 3.49000% 996.50289574 2.89816260 0.00000000 0.00000000
CB-7 0.00 2.01000% 996.50289574 1.66914232 0.00000000 0.00000000
CB-8 20,000,000.00 5.50000% 1000.00000000 4.58333350 0.00000000 0.00000000
CB-9 833,000.00 5.50000% 1000.00000000 4.58333733 0.00000000 0.00000000
CB-10 12,487,000.00 5.50000% 1004.58333307 4.60434051 0.00000000 0.00000000
CB-11 5,287,000.00 5.50000% 989.17494231 4.53371855 0.00000000 0.00000000
CB-12 4,334,000.00 5.50000% 995.67348869 4.56350254 0.00000000 0.00000000
CB-13 12,410,000.00 5.50000% 1000.00000000 4.58333360 0.00000000 0.00000000
CB-R 100.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000
CB-IO 0.00 5.50000% 995.52226108 4.56281022 0.00000000 0.00000000
2-A-1 20,082,000.00 5.00000% 996.19451250 4.15081068 0.00000000 0.00000000
3-A-1 29,801,000.00 5.50000% 996.40342338 4.56684910 0.00000000 0.00000000
A-PO 1,249,480.28 0.00000% 997.98757928 0.00000000 0.00000000 0.00000000
15-IO 0.00 5.50000% 996.32115192 4.56647614 0.00000000 0.00000000
B-1 6,415,000.00 5.47043% 998.61347467 4.55237412 0.00000000 0.00000000
B-2 2,673,000.00 5.47043% 998.61347550 4.55237187 0.00000000 0.00000000
B-3 1,960,000.00 5.47043% 998.61347449 4.55237245 0.00000000 0.00000000
B-4 1,247,000.00 5.47043% 998.61347233 4.55237370 0.00000000 0.00000000
B-5 713,000.00 5.47043% 998.61347826 4.55237027 0.00000000 0.00000000
B-6 1,247,420.00 5.47043% 998.61411553 4.55238011 0.00000000 0.00000000
<FN>
(5) All classes are 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>
CB-1 0.00000000 0.00000000 2.89816280 0.00000000 986.83295380
CB-2 0.00000000 0.00000000 2.97872317 0.00000000 983.70972091
CB-3 0.00000000 0.00000000 1.58478027 0.00000000 983.70972091
CB-4 0.00000000 0.00000000 1.66914240 0.00000000 986.83295380
CB-5 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000
CB-6 0.00000000 0.00000000 2.89816260 0.00000000 986.83262090
CB-7 0.00000000 0.00000000 1.66914232 0.00000000 986.83262078
CB-8 0.00000000 0.00000000 4.58333350 0.00000000 1000.00000000
CB-9 0.00000000 0.00000000 4.58333733 0.00000000 1000.00000000
CB-10 0.00000000 0.00000000 4.60434051 0.00000000 1009.18767358
CB-11 0.00000000 0.00000000 4.53371855 0.00000000 978.30026858
CB-12 0.00000000 0.00000000 4.56350254 0.00000000 983.70972081
CB-13 0.00000000 0.00000000 4.58333360 0.00000000 1000.00000000
CB-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
CB-IO 0.00000000 0.00000000 4.56281022 0.00000000 984.62392136
2-A-1 0.00000000 0.00000000 4.15081068 0.00000000 992.15627378
3-A-1 0.00000000 0.00000000 4.56684910 0.00000000 992.68011241
A-PO 0.00000000 0.00000000 0.00000000 0.00000000 993.13842712
15-IO 0.00000000 0.00000000 4.56647614 0.00000000 992.65443722
B-1 0.00000000 0.00000000 4.55237412 0.00000000 997.22781917
B-2 0.00000000 0.00000000 4.55237187 0.00000000 997.22781893
B-3 0.00000000 0.00000000 4.55237245 0.00000000 997.22782143
B-4 0.00000000 0.00000000 4.55237370 0.00000000 997.22781877
B-5 0.00000000 0.00000000 4.55237027 0.00000000 997.22782609
B-6 0.00000000 0.00000000 4.55238011 0.00000000 997.22854371
<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-PO 0.00000% 0.00 0.00 837,864.59 833,454.54 99.35659549%
2-A-PO 0.00000% 0.00 0.00 187,854.47 187,030.90 99.17543681%
3-A-PO 0.00000% 0.00 0.00 221,246.74 220,421.44 99.26987891%
2-15-IO 5.50000% 483,768.64 481,960.89 0.00 0.00 99.24909905%
3-15-IO 5.50000% 490,925.01 489,145.64 0.00 0.00 99.28155359%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 4,434,234.69
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 4,434,234.69
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 75,080.20
Payment of Interest and Principal 4,359,154.49
Total Withdrawals (Pool Distribution Amount) 4,434,234.69
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 74,014.39
Wells Fargo Bank, N.A. 1,065.81
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 75,080.20
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Class CB-1 Reserve Fund 0.00 0.00 0.00 0.00
Class CB-2 Reserve Fund 0.00 0.00 0.00 0.00
Class CB-6 Reserve Fund 0.00 0.00 0.00 0.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
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 17 0 0 0 17
3,266,383.14 0.00 0.00 0.00 3,266,383.14
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 17 0 0 0 17
3,266,383.14 0.00 0.00 0.00 3,266,383.14
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 0.706861% 0.000000% 0.000000% 0.000000% 0.706861%
0.925341% 0.000000% 0.000000% 0.000000% 0.925341%
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 0.706861% 0.000000% 0.000000% 0.000000% 0.706861%
0.925341% 0.000000% 0.000000% 0.000000% 0.925341%
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 14 0 0 0 14
2,323,433.14 0.00 0.00 0.00 2,323,433.14
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 14 0 0 0 14
2,323,433.14 0.00 0.00 0.00 2,323,433.14
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.691700% 0.000000% 0.000000% 0.000000% 0.691700%
0.772308% 0.000000% 0.000000% 0.000000% 0.772308%
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 0.691700% 0.000000% 0.000000% 0.000000% 0.691700%
0.772308% 0.000000% 0.000000% 0.000000% 0.772308%
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
802,950.00 0.00 0.00 0.00 802,950.00
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 2 0 0 0 2
802,950.00 0.00 0.00 0.00 802,950.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.801802% 0.000000% 0.000000% 0.000000% 1.801802%
3.821894% 0.000000% 0.000000% 0.000000% 3.821894%
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 1.801802% 0.000000% 0.000000% 0.000000% 1.801802%
3.821894% 0.000000% 0.000000% 0.000000% 3.821894%
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 1 0 0 0 1
140,000.00 0.00 0.00 0.00 140,000.00
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 1 0 0 0 1
140,000.00 0.00 0.00 0.00 140,000.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.370370% 0.000000% 0.000000% 0.000000% 0.370370%
0.449578% 0.000000% 0.000000% 0.000000% 0.449578%
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 0.370370% 0.000000% 0.000000% 0.000000% 0.370370%
0.449578% 0.000000% 0.000000% 0.000000% 0.449578%
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 5.976000%
Weighted Average Pass-Through Rate 5.722401%
Weighted Average Maturity(Stepdown Calculation) 331
Beginning Scheduled Collateral Loan Count 2,416
Number Of Loans Paid In Full 11
Ending Scheduled Collateral Loan Count 2,405
Beginning Scheduled Collateral Balance 355,269,051.91
Ending Scheduled Collateral Balance 352,604,057.34
Ending Actual Collateral Balance at 31-May-2005 352,992,450.27
Monthly P&I Constant 2,262,524.82
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 4,262,387.66
Class AP Deferred Amount 0.00
Scheduled Principal 493,284.84
Unscheduled Principal 2,171,709.73
Miscellaneous Reporting
Senior % 95.642001%
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 6.038434 5.335437 5.801192
Weighted Average Net Rate 5.788433 5.085437 5.551194
Weighted Average Maturity 357 178 178
Beginning Loan Count 2,035 111 270
Loans Paid In Full 11 0 0
Ending Loan Count 2,024 111 270
Beginning Scheduled Balance 303,071,614.21 21,035,236.86 31,162,200.84
Ending Scheduled Balance 300,607,845.78 20,950,212.78 31,045,998.78
Record Date 05/31/2005 05/31/2005 05/31/2005
Principal And Interest Constant 1,830,332.09 171,127.29 261,065.44
Scheduled Principal 305,267.20 77,600.47 110,417.17
Unscheduled Principal 2,158,501.23 7,423.61 5,784.89
Scheduled Interest 1,525,064.89 93,526.82 150,648.27
Servicing Fees 63,139.92 4,382.34 6,492.13
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 909.21 63.11 93.49
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 1 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00
Net Interest 1,461,015.76 89,081.37 144,062.65
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 5.784833 5.081839 5.547598
Group Level Collateral Statement
Group Total
Collateral Description Mixed Fixed
Weighted Average Coupon Rate 5.976000
Weighted Average Net Rate 5.726000
Weighted Average Maturity 331
Beginning Loan Count 2,416
Loans Paid In Full 11
Ending Loan Count 2,405
Beginning Scheduled Balance 355,269,051.91
Ending scheduled Balance 352,604,057.34
Record Date 05/31/2005
Principal And Interest Constant 2,262,524.82
Scheduled Principal 493,284.84
Unscheduled Principal 2,171,709.73
Scheduled Interest 1,769,239.98
Servicing Fees 74,014.39
Master Servicing Fees 0.00
Trustee Fee 1,065.81
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 0.00
Pool Insurance Fee 0.00
Spread 1 0.00
Spread 2 0.00
Spread 3 0.00
Net Interest 1,694,159.78
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Percentage of Cumulative Losses 0.0000
Prepayment Penalties 0.00
Special Servicing Fee 0.00
Pass-Through Rate 5.722401
Miscellaneous Reporting
Group 1
CPR 8.227508%
Subordinate % 4.018980%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.981020%
Group 2
CPR 0.424237%
Subordinate % 4.037936%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.962064%
Group 3
CPR 0.223329%
Subordinate % 4.030696%
Subordinate Prepayment % 0.000000%
Senior Prepayment % 100.000000%
Senior % 95.969304%