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 MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2005-E Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-118843-22
Pooling and Servicing Agreement) (Commission 54-2173207
(State or other File Number) 54-2173208
jurisdiction 54-2173209
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 June 27, 2005 a distribution was made to holders of BANC OF AMERICA
MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2005-E
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-E 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 MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2005-E 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-E Trust,
relating to the June 27, 2005 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 5/31/2005
Distribution Date: 6/27/2005
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Series BOAMS2005-E
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>
1A1 05949A5Z9 SEN 4.33241% 34,468,000.00 124,441.25
1A2 05949A6A3 SEN 4.33241% 1,357,000.00 4,899.23
1AR 05949A6B1 SEN 4.33241% 100.00 0.36
2A1 05949A6C9 SEN 4.99432% 70,000,000.00 291,335.38
2A2 05949A6D7 SEN 4.99432% 96,878,000.00 403,199.85
2A3 05949A6E5 SEN 4.66432% 40,700,000.00 158,198.22
2A4 05949A6F2 SEN 4.69932% 67,109,000.00 262,805.60
2A5 05949A6G0 SEN 4.77432% 43,690,000.00 173,825.07
2A6 05949A6H8 SEN 4.72932% 43,891,000.00 172,978.85
2A7 05949A6J4 SEN 4.62932% 88,042,000.00 339,645.56
2IO 05949A6K1 SEN 0.30556% 0.00 72,172.00
3A1 05949A6L9 SEN 5.28685% 28,190,000.00 124,196.82
4A1 05949A6M7 SEN 5.40387% 39,070,000.00 175,941.06
1IO 05949A6U9 SEN 0.54000% 0.00 16,731.87
B1 05949A6N5 SUB 4.99530% 12,062,000.00 50,211.10
B2 05949A6P0 SUB 4.99530% 3,446,000.00 14,344.84
B3 05949A6Q8 SUB 4.99530% 2,297,000.00 9,561.84
B4 05949A6R6 SUB 4.99530% 1,149,000.00 4,783.00
B5 05949A6S4 SUB 4.99530% 861,000.00 3,584.13
B6 05949A6T2 SUB 4.99530% 1,149,587.00 4,785.44
Totals 574,359,687.00 2,407,641.47
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Principal Realized Certificate Total Realized
Class Distribution Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1A1 794,990.45 0.00 33,673,009.55 919,431.70 0.00
1A2 31,298.65 0.00 1,325,701.35 36,197.88 0.00
1AR 100.00 0.00 0.00 100.36 0.00
2A1 746,985.44 0.00 69,253,014.56 1,038,320.82 0.00
2A2 4,058,371.91 0.00 92,819,628.09 4,461,571.76 0.00
2A3 0.00 0.00 40,700,000.00 158,198.22 0.00
2A4 0.00 0.00 67,109,000.00 262,805.60 0.00
2A5 0.00 0.00 43,690,000.00 173,825.07 0.00
2A6 0.00 0.00 43,891,000.00 172,978.85 0.00
2A7 0.00 0.00 88,042,000.00 339,645.56 0.00
2IO 0.00 0.00 0.00 72,172.00 0.00
3A1 134,730.86 0.00 28,055,269.14 258,927.68 0.00
4A1 16,971.66 0.00 39,053,028.34 192,912.72 0.00
1IO 0.00 0.00 0.00 16,731.87 0.00
B1 4,295.87 0.00 12,057,704.13 54,506.97 0.00
B2 1,227.29 0.00 3,444,772.71 15,572.13 0.00
B3 818.07 0.00 2,296,181.93 10,379.91 0.00
B4 409.21 0.00 1,148,590.79 5,192.21 0.00
B5 306.64 0.00 860,693.36 3,890.77 0.00
B6 409.42 0.00 1,149,177.58 5,194.86 0.00
Totals 5,790,915.47 0.00 568,568,771.53 8,198,556.94 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 34,468,000.00 34,468,000.00 19,024.02 775,966.43 0.00 0.00
1A2 1,357,000.00 1,357,000.00 748.97 30,549.68 0.00 0.00
1AR 100.00 100.00 2.39 97.61 0.00 0.00
2A1 70,000,000.00 70,000,000.00 23,728.05 723,257.39 0.00 0.00
2A2 96,878,000.00 96,878,000.00 128,914.50 3,929,457.42 0.00 0.00
2A3 40,700,000.00 40,700,000.00 0.00 0.00 0.00 0.00
2A4 67,109,000.00 67,109,000.00 0.00 0.00 0.00 0.00
2A5 43,690,000.00 43,690,000.00 0.00 0.00 0.00 0.00
2A6 43,891,000.00 43,891,000.00 0.00 0.00 0.00 0.00
2A7 88,042,000.00 88,042,000.00 0.00 0.00 0.00 0.00
2IO 0.00 0.00 0.00 0.00 0.00 0.00
3A1 28,190,000.00 28,190,000.00 14,242.19 120,488.67 0.00 0.00
4A1 39,070,000.00 39,070,000.00 10,437.07 6,534.59 0.00 0.00
1IO 0.00 0.00 0.00 0.00 0.00 0.00
B1 12,062,000.00 12,062,000.00 4,295.87 0.00 0.00 0.00
B2 3,446,000.00 3,446,000.00 1,227.29 0.00 0.00 0.00
B3 2,297,000.00 2,297,000.00 818.07 0.00 0.00 0.00
B4 1,149,000.00 1,149,000.00 409.21 0.00 0.00 0.00
B5 861,000.00 861,000.00 306.64 0.00 0.00 0.00
B6 1,149,587.00 1,149,587.00 409.42 0.00 0.00 0.00
Totals 574,359,687.00 574,359,687.00 204,563.69 5,586,351.79 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 794,990.45 33,673,009.55 0.97693541 794,990.45
1A2 31,298.65 1,325,701.35 0.97693541 31,298.65
1AR 100.00 0.00 0.00000000 100.00
2A1 746,985.44 69,253,014.56 0.98932878 746,985.44
2A2 4,058,371.91 92,819,628.09 0.95810843 4,058,371.91
2A3 0.00 40,700,000.00 1.00000000 0.00
2A4 0.00 67,109,000.00 1.00000000 0.00
2A5 0.00 43,690,000.00 1.00000000 0.00
2A6 0.00 43,891,000.00 1.00000000 0.00
2A7 0.00 88,042,000.00 1.00000000 0.00
2IO 0.00 0.00 0.00000000 0.00
3A1 134,730.86 28,055,269.14 0.99522062 134,730.86
4A1 16,971.66 39,053,028.34 0.99956561 16,971.66
1IO 0.00 0.00 0.00000000 0.00
B1 4,295.87 12,057,704.13 0.99964385 4,295.87
B2 1,227.29 3,444,772.71 0.99964385 1,227.29
B3 818.07 2,296,181.93 0.99964385 818.07
B4 409.21 1,148,590.79 0.99964386 409.21
B5 306.64 860,693.36 0.99964386 306.64
B6 409.42 1,149,177.58 0.99964385 409.42
Totals 5,790,915.47 568,568,771.53 0.98991762 5,790,915.47
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 34,468,000.00 1000.00000000 0.55193281 22.51266189 0.00000000
1A2 1,357,000.00 1000.00000000 0.55193073 22.51266028 0.00000000
1AR 100.00 1000.00000000 23.90000000 976.10000000 0.00000000
2A1 70,000,000.00 1000.00000000 0.33897214 10.33224843 0.00000000
2A2 96,878,000.00 1000.00000000 1.33068911 40.56088503 0.00000000
2A3 40,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A4 67,109,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A5 43,690,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A6 43,891,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2A7 88,042,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3A1 28,190,000.00 1000.00000000 0.50522136 4.27416353 0.00000000
4A1 39,070,000.00 1000.00000000 0.26713770 0.16725339 0.00000000
1IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
B1 12,062,000.00 1000.00000000 0.35614906 0.00000000 0.00000000
B2 3,446,000.00 1000.00000000 0.35614916 0.00000000 0.00000000
B3 2,297,000.00 1000.00000000 0.35614715 0.00000000 0.00000000
B4 1,149,000.00 1000.00000000 0.35614447 0.00000000 0.00000000
B5 861,000.00 1000.00000000 0.35614402 0.00000000 0.00000000
B6 1,149,587.00 1000.00000000 0.35614529 0.00000000 0.00000000
<FN>
(2) All Classes are per $1,000 denomination.
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
1A1 0.00000000 23.06459470 976.93540530 0.97693541 23.06459470
1A2 0.00000000 23.06459101 976.93540899 0.97693541 23.06459101
1AR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000
2A1 0.00000000 10.67122057 989.32877943 0.98932878 10.67122057
2A2 0.00000000 41.89157404 958.10842596 0.95810843 41.89157404
2A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2A7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3A1 0.00000000 4.77938489 995.22061511 0.99522062 4.77938489
4A1 0.00000000 0.43439109 999.56560891 0.99956561 0.43439109
1IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B1 0.00000000 0.35614906 999.64385094 0.99964385 0.35614906
B2 0.00000000 0.35614916 999.64385084 0.99964385 0.35614916
B3 0.00000000 0.35614715 999.64385285 0.99964385 0.35614715
B4 0.00000000 0.35614447 999.64385553 0.99964386 0.35614447
B5 0.00000000 0.35614402 999.64385598 0.99964386 0.35614402
B6 0.00000000 0.35614529 999.64385471 0.99964385 0.35614529
<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 34,468,000.00 4.33241% 34,468,000.00 124,441.25 0.00 0.00
1A2 1,357,000.00 4.33241% 1,357,000.00 4,899.23 0.00 0.00
1AR 100.00 4.33241% 100.00 0.36 0.00 0.00
2A1 70,000,000.00 4.99432% 70,000,000.00 291,335.38 0.00 0.00
2A2 96,878,000.00 4.99432% 96,878,000.00 403,199.85 0.00 0.00
2A3 40,700,000.00 4.66432% 40,700,000.00 158,198.22 0.00 0.00
2A4 67,109,000.00 4.69932% 67,109,000.00 262,805.60 0.00 0.00
2A5 43,690,000.00 4.77432% 43,690,000.00 173,825.07 0.00 0.00
2A6 43,891,000.00 4.72932% 43,891,000.00 172,978.85 0.00 0.00
2A7 88,042,000.00 4.62932% 88,042,000.00 339,645.56 0.00 0.00
2IO 0.00 0.30556% 283,432,000.00 72,172.00 0.00 0.00
3A1 28,190,000.00 5.28685% 28,190,000.00 124,196.82 0.00 0.00
4A1 39,070,000.00 5.40387% 39,070,000.00 175,941.06 0.00 0.00
1IO 0.00 0.54000% 37,181,943.95 16,731.87 0.00 0.00
B1 12,062,000.00 4.99530% 12,062,000.00 50,211.10 0.00 0.00
B2 3,446,000.00 4.99530% 3,446,000.00 14,344.84 0.00 0.00
B3 2,297,000.00 4.99530% 2,297,000.00 9,561.84 0.00 0.00
B4 1,149,000.00 4.99530% 1,149,000.00 4,783.00 0.00 0.00
B5 861,000.00 4.99530% 861,000.00 3,584.13 0.00 0.00
B6 1,149,587.00 4.99530% 1,149,587.00 4,785.44 0.00 0.00
Totals 574,359,687.00 2,407,641.47 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 0.00 124,441.25 0.00 33,673,009.55
1A2 0.00 0.00 4,899.23 0.00 1,325,701.35
1AR 0.00 0.00 0.36 0.00 0.00
2A1 0.00 0.00 291,335.38 0.00 69,253,014.56
2A2 0.00 0.00 403,199.85 0.00 92,819,628.09
2A3 0.00 0.00 158,198.22 0.00 40,700,000.00
2A4 0.00 0.00 262,805.60 0.00 67,109,000.00
2A5 0.00 0.00 173,825.07 0.00 43,690,000.00
2A6 0.00 0.00 172,978.85 0.00 43,891,000.00
2A7 0.00 0.00 339,645.56 0.00 88,042,000.00
2IO 0.00 0.00 72,172.00 0.00 283,432,000.00
3A1 0.00 0.00 124,196.82 0.00 28,055,269.14
4A1 0.00 0.00 175,941.06 0.00 39,053,028.34
1IO 0.00 0.00 16,731.87 0.00 36,354,805.87
B1 0.00 0.00 50,211.10 0.00 12,057,704.13
B2 0.00 0.00 14,344.84 0.00 3,444,772.71
B3 0.00 0.00 9,561.84 0.00 2,296,181.93
B4 0.00 0.00 4,783.00 0.00 1,148,590.79
B5 0.00 0.00 3,584.13 0.00 860,693.36
B6 0.00 0.00 4,785.44 0.00 1,149,177.58
Totals 0.00 0.00 2,407,641.47 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 34,468,000.00 4.33241% 1000.00000000 3.61034148 0.00000000 0.00000000
1A2 1,357,000.00 4.33241% 1000.00000000 3.61033898 0.00000000 0.00000000
1AR 100.00 4.33241% 1000.00000000 3.60000000 0.00000000 0.00000000
2A1 70,000,000.00 4.99432% 1000.00000000 4.16193400 0.00000000 0.00000000
2A2 96,878,000.00 4.99432% 1000.00000000 4.16193408 0.00000000 0.00000000
2A3 40,700,000.00 4.66432% 1000.00000000 3.88693415 0.00000000 0.00000000
2A4 67,109,000.00 4.69932% 1000.00000000 3.91610067 0.00000000 0.00000000
2A5 43,690,000.00 4.77432% 1000.00000000 3.97860082 0.00000000 0.00000000
2A6 43,891,000.00 4.72932% 1000.00000000 3.94110068 0.00000000 0.00000000
2A7 88,042,000.00 4.62932% 1000.00000000 3.85776743 0.00000000 0.00000000
2IO 0.00 0.30556% 1000.00000000 0.25463603 0.00000000 0.00000000
3A1 28,190,000.00 5.28685% 1000.00000000 4.40570486 0.00000000 0.00000000
4A1 39,070,000.00 5.40387% 1000.00000000 4.50322652 0.00000000 0.00000000
1IO 0.00 0.54000% 1000.00000000 0.44999987 0.00000000 0.00000000
B1 12,062,000.00 4.99530% 1000.00000000 4.16275079 0.00000000 0.00000000
B2 3,446,000.00 4.99530% 1000.00000000 4.16275102 0.00000000 0.00000000
B3 2,297,000.00 4.99530% 1000.00000000 4.16275141 0.00000000 0.00000000
B4 1,149,000.00 4.99530% 1000.00000000 4.16275022 0.00000000 0.00000000
B5 861,000.00 4.99530% 1000.00000000 4.16275261 0.00000000 0.00000000
B6 1,149,587.00 4.99530% 1000.00000000 4.16274714 0.00000000 0.00000000
<FN>
(5) All Classes are per $1,000 denomination.
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1A1 0.00000000 0.00000000 3.61034148 0.00000000 976.93540530
1A2 0.00000000 0.00000000 3.61033898 0.00000000 976.93540899
1AR 0.00000000 0.00000000 3.60000000 0.00000000 0.00000000
2A1 0.00000000 0.00000000 4.16193400 0.00000000 989.32877943
2A2 0.00000000 0.00000000 4.16193408 0.00000000 958.10842596
2A3 0.00000000 0.00000000 3.88693415 0.00000000 1000.00000000
2A4 0.00000000 0.00000000 3.91610067 0.00000000 1000.00000000
2A5 0.00000000 0.00000000 3.97860082 0.00000000 1000.00000000
2A6 0.00000000 0.00000000 3.94110068 0.00000000 1000.00000000
2A7 0.00000000 0.00000000 3.85776743 0.00000000 1000.00000000
2IO 0.00000000 0.00000000 0.25463603 0.00000000 1000.00000000
3A1 0.00000000 0.00000000 4.40570486 0.00000000 995.22061511
4A1 0.00000000 0.00000000 4.50322652 0.00000000 999.56560891
1IO 0.00000000 0.00000000 0.44999987 0.00000000 977.75430781
B1 0.00000000 0.00000000 4.16275079 0.00000000 999.64385094
B2 0.00000000 0.00000000 4.16275102 0.00000000 999.64385084
B3 0.00000000 0.00000000 4.16275141 0.00000000 999.64385285
B4 0.00000000 0.00000000 4.16275022 0.00000000 999.64385553
B5 0.00000000 0.00000000 4.16275261 0.00000000 999.64385598
B6 0.00000000 0.00000000 4.16274714 0.00000000 999.64385471
<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 8,323,763.54
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 8,323,763.54
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 125,206.60
Payment of Interest and Principal 8,198,556.94
Total Withdrawals (Pool Distribution Amount) 8,323,763.54
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 123,531.39
Trustee Fee - Wells Fargo Bank, N.A. 1,675.21
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 125,206.60
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 1 0 0 0 1
498,800.00 0.00 0.00 0.00 498,800.00
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
498,800.00 0.00 0.00 0.00 498,800.00
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 0.092851% 0.000000% 0.000000% 0.000000% 0.092851%
0.087705% 0.000000% 0.000000% 0.000000% 0.087705%
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 0.092851% 0.000000% 0.000000% 0.000000% 0.092851%
0.087705% 0.000000% 0.000000% 0.000000% 0.087705%
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 1 0 0 0 1
498,800.00 0.00 0.00 0.00 498,800.00
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
498,800.00 0.00 0.00 0.00 498,800.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.785714% 0.000000% 0.000000% 0.000000% 1.785714%
1.712102% 0.000000% 0.000000% 0.000000% 1.712102%
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 1.785714% 0.000000% 0.000000% 0.000000% 1.785714%
1.712102% 0.000000% 0.000000% 0.000000% 1.712102%
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 2,612.12
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 5.291836%
Weighted Average Net Coupon 5.033744%
Weighted Average Pass-Through Rate 5.030244%
Weighted Average Maturity(Stepdown Calculation) 358
Beginning Scheduled Collateral Loan Count 1,083
Number Of Loans Paid In Full 6
Ending Scheduled Collateral Loan Count 1,077
Beginning Scheduled Collateral Balance 574,359,687.00
Ending Scheduled Collateral Balance 568,568,772.43
Ending Actual Collateral Balance at 31-May-2005 568,724,651.02
Monthly P&I Constant 2,737,411.42
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Scheduled Principal 204,563.70
Unscheduled Principal 5,586,351.79
Miscellaneous Reporting
Total Senior Percentage 96.349921%
Aggregate Senior Percentage 3.650079%
Group Level Collateral Statement
Group 1-Three Year ARM 2- Five Year ARM 3- Seven Year ARM
Collateral Description 3 Year LIBOR Arm 5 Year LIBOR Arm 7 Year LIBOR Arm
Weighted Average Coupon Rate 5.250910 5.247820 5.540346
Weighted Average Net Rate 4.875910 4.997820 5.290346
Weighted Average Maturity 358 358 359
Beginning Loan Count 73 883 83
Loans Paid In Full 1 5 27
Ending Loan Count 72 878 56
Beginning Scheduled Balance 37,181,943.95 467,369,700.70 29,257,244.22
Ending Scheduled Balance 36,354,805.87 462,558,560.58 29,121,974.17
Record Date 05/31/2005 05/31/2005 05/31/2005
Principal And Interest Constant 183,223.55 2,202,318.67 149,860.75
Scheduled Principal 20,524.36 158,425.31 14,781.38
Unscheduled Principal 806,613.72 4,652,714.81 120,488.67
Scheduled Interest 162,699.19 2,043,893.36 135,079.37
Servicing Fees 11,619.36 97,368.69 6,095.26
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 108.45 1,363.16 85.33
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 150,971.38 1,945,161.51 128,898.78
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 4.872410 4.994320 5.286846
Group Level Collateral Statement
Group 4- Ten Year ARM Total
Collateral Description Mixed ARM Mixed ARM
Weighted Average Coupon Rate 5.657372 5.291836
Weighted Average Net Rate 5.407372 5.033744
Weighted Average Maturity 359 358
Beginning Loan Count 71 1,110
Loans Paid In Full 0 33
Ending Loan Count 71 1,077
Beginning Scheduled Balance 40,550,799.05 574,359,687.92
Ending scheduled Balance 40,533,431.81 568,568,772.43
Record Date 05/31/2005 05/31/2005
Principal And Interest Constant 202,008.45 2,737,411.42
Scheduled Principal 10,832.65 204,563.70
Unscheduled Principal 6,534.59 5,586,351.79
Scheduled Interest 191,175.80 2,532,847.72
Servicing Fees 8,448.08 123,531.39
Master Servicing Fees 0.00 0.00
Trustee Fee 118.27 1,675.21
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 1 0.00 0.00
Spread 2 0.00 0.00
Spread 3 0.00 0.00
Net Interest 182,609.45 2,407,641.12
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 5.403872 5.030244
Miscellaneous Reporting
Group 1-Three Year ARM
CPR 23.151675%
Subordinate Percentage 3.649201%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.350799%
Group 2- Five Year ARM
CPR 11.316895%
Subordinate Percentage 3.650151%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.349849%
Group 3- Seven Year ARM
CPR 4.833875%
Subordinate Percentage 3.647794%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.352206%
Miscellaneous Reporting
Group 4- Ten Year ARM
CPR 0.193255%
Subordinate Percentage 3.651713%
Subordinate Prepayment Percentage 0.000000%
Senior Prepayment Percentage 100.000000%
Senior Percentage 96.348287%