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): January 25, 2006
CWA
(Depositor)
(Issuer in respect of Asset Backed Certificates, Series 2005-IM1)
(Exact name of registrant as specified in charter)
Delaware 33-63714 95-4449516
(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
organization)
, , N/A 91110-7137
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code: (818)-304-4428
Not Applicable
(Former name, former address and former fiscal year,
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.
[]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))
Section 8 - Other Events
Item 8.01 Other Events
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
SIGNATURES
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 thereunto duly authorized.
Dated: January 25, 2006
CWA
By: /s/ Maria Tokarz
------------------------------
Name: Maria Tokarz
Assistant Treasurer
The Bank of New York,
as Trustee
EXHIBIT INDEX
Exhibit
99 Monthly Remittance Statement dated January 25, 2006
Payment Date: 01/25/06
------------------------------------------------------------
Countrywide Home Loans Servicing LP
Asset Backed Certificates, Series 2005-IM1
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Class Information Current Payment Information
- ----------------------------------------------------------------------------------------------------------------------------------
Beginning Pass Thru Principal Interest Total Principal Interest
Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls
- ----------------------------------------------------------------------------------------------------------------------------------
Senior A1 215,693,876.66 4.508750% 14,806,236.31 783,410.65 15,589,646.96 0.00 0.00
A2 399,838,000.00 4.658750% 0.00 1,500,544.81 1,500,544.81 0.00 0.00
A2M 44,426,000.00 4.728750% 0.00 169,230.67 169,230.67 0.00 0.00
A3 41,279,000.00 4.778750% 0.00 158,905.52 158,905.52 0.00 0.00
A3M 4,587,000.00 4.848750% 0.00 17,916.54 17,916.54 0.00 0.00
A4 29,596,000.00 4.758750% 0.00 113,454.42 113,454.42 0.00 0.00
A4M 3,288,000.00 4.878750% 0.00 12,922.18 12,922.18 0.00 0.00
AIO 632,055,619.00 0.800000% 0.00 421,370.41 421,370.41 0.00 0.00
M1 30,508,000.00 4.858750% 0.00 119,408.10 119,408.10 0.00 0.00
M2 13,459,000.00 4.878750% 0.00 52,895.27 52,895.27 0.00 0.00
M3 8,524,000.00 4.918750% 0.00 33,774.87 33,774.87 0.00 0.00
M4 6,729,000.00 5.028750% 0.00 27,258.76 27,258.76 0.00 0.00
M5 7,178,000.00 5.108750% 0.00 29,540.21 29,540.21 0.00 0.00
M6 5,383,000.00 5.178750% 0.00 22,456.64 22,456.64 0.00 0.00
M7 5,832,000.00 5.628750% 0.00 26,443.87 26,443.87 0.00 0.00
B 7,630,000.00 5.888294% 0.00 39,206.28 39,206.28 0.00 0.00
P 100.00 0.000000% 0.00 180,473.61 180,473.61 0.00 0.00
C 823,950,876.66 0.000000% 0.00 379,547.36 379,547.36 0.00 0.00
Residual AR 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00
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- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
Totals - - 823,950,976.66 - 14,806,236.31 4,088,760.15 18,894,996.46 - -
- ----------------------------------------------------------------------------------------------------------------------------------
Class Information
- --------------------------------------------------------------------------------
Ending Cert. Unpaid
Type Class Code Name Notional Bal. Interest
- --------------------------------------------------------------------------------
Senior A1 200,887,640.35 0.00
A2 399,838,000.00 0.00
A2M 44,426,000.00 0.00
A3 41,279,000.00 0.00
A3M 4,587,000.00 0.00
A4 29,596,000.00 0.00
A4M 3,288,000.00 0.00
AIO 579,043,610.00 0.00
M1 30,508,000.00 0.00
M2 13,459,000.00 0.00
M3 8,524,000.00 0.00
M4 6,729,000.00 0.00
M5 7,178,000.00 0.00
M6 5,383,000.00 0.00
M7 5,832,000.00 0.00
B 7,630,000.00 0.00
P 100.00 0.00
C 809,144,640.35 0.00
Residual AR 0.00 0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Totals - - 809,144,740.35 -
- --------------------------------------------------------------------------------
Payment Date: 01/25/06
------------------------------------------------------------
Countrywide Home Loans Servicing LP
Asset Backed Certificates, Series 2005-IM1
------------------------------------------------------------
Class Information Current Payment Information
Factors per $1,000
- ------------------------------------------------------------------------------------------------------------------------
Beginning Pass Thru CUSIP Principal Interest Ending Cert./
Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal.
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
Senior A1 215,693,876.66 4.508750% 1266733V2 51.227688 2.710501 695.045602
A2 399,838,000.00 4.658750% 1266733W0 0.000000 3.752882 1,000.000000
A2M 44,426,000.00 4.728750% 1266733X8 0.000000 3.809271 1,000.000000
A3 41,279,000.00 4.778750% 1266733Y6 0.000000 3.849549 1,000.000000
A3M 4,587,000.00 4.848750% 1266733Z3 0.000000 3.905937 1,000.000000
A4 29,596,000.00 4.758750% 1266734Q2 0.000000 3.833437 1,000.000000
A4M 3,288,000.00 4.878750% 1266734R0 0.000000 3.930104 1,000.000000
AIO 632,055,619.00 0.800000% 1266734A7 0.000000 0.469606 645.328530
M1 30,508,000.00 4.858750% 1266734B5 0.000000 3.913993 1,000.000000
M2 13,459,000.00 4.878750% 1266734C3 0.000000 3.930104 1,000.000000
M3 8,524,000.00 4.918750% 1266734D1 0.000000 3.962326 1,000.000000
M4 6,729,000.00 5.028750% 1266734E9 0.000000 4.050937 1,000.000000
M5 7,178,000.00 5.108750% 1266734F6 0.000000 4.115382 1,000.000000
M6 5,383,000.00 5.178750% 1266734G4 0.000000 4.171771 1,000.000000
M7 5,832,000.00 5.628750% 1266734H2 0.000000 4.534271 1,000.000000
B 7,630,000.00 5.888294% 1266734J8 0.000000 5.138438 1,000.000000
P 100.00 0.000000% 1266734K5 0.000000 1,804,736.100000 1,000.000000
C 823,950,876.66 0.000000% 1266734L3 0.000000 0.422995 901.769940
Residual AR 0.00 0.000000% 1266734M1 0.000000 0.000000 0.000000
- ------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------
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Totals - - 823,950,976.66 - - - - -
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------------------------------------------------------------
Countrywide Home Loans Servicing LP
Asset Backed Certificates, Series 2005-IM1
------------------------------------------------------------
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COLLATERAL INFORMATION
- --------------------------------------------------------------------------------
Total
-----
Prin balance 809,144,640.35 809,144,640.35
Loan count 3139 3139
Avg loan rate 6.123672% 6.12
Prepay amount 14,706,313.91 14,706,313.91
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FEES AND ADVANCES
- --------------------------------------------------------------------------------
Total
-----
Master serv fees 245,885.49 245,885.49
Sub servicer fees 0.00 0.00
Trustee fees 6,179.63 6,179.63
Agg advances N/A N/A
Adv this period 111,575.59 111,575.59
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LOSSES & INSURANCE COVERAGES
- --------------------------------------------------------------------------------
Total
-----
Realized losses 0.00 0.00
Cumulative losses 0.00 0.00
Coverage Amounts Total
- ---------------- -----
Bankruptcy 0.00 0.00
Fraud 17,945,700.00 17,945,700.00
Special Hazard 0.00 0.00
Aggregate Certificate Information
-----------------------------------------------------------------------------
Class Aggregate Aggregate Aggregate
Type Percentage Prepay Pct. End Cert. Bal.
-----------------------------------------------------------------------------
Senior 100.000000% 100.000000% 823,950,976.66
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Junior 0.000000% 0.000000% 0.00
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- --------------------------------------------------------------------------------
DELINQUENCY INFORMATION
- --------------------------------------------------------------------------------
Period Loan Count Ending Stated Balance
- ------ ---------- ---------------------
30 to 59 days 40 8,213,835.95
60 to 89 days 11 3,096,478.21
90 or more 6 2,205,473.57
Foreclosure 22 4,862,045.32
Totals: 79 18,377,833.05
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REO INFORMATION
- --------------------------------------------------------------------------------
REO Date Loan Number Ending Stated Balance Book Value
-------- ----------- --------------------- ----------
N/A # 0 N/A
Totals: 0 N/A
Current Total Outstanding Balance: 360,000.00
Current Total Outstanding Number of Loans: 1
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OTHER INFORMATION
- --------------------------------------------------------------------------------
Amount/Withdrawal Total/Ending Bal.
----------------- -----------------
Available remittance amount 18,894,996.46 18,894,996.46
Principal remittance amount 14,806,236.31 14,806,236.31
Interest remittance amount 4,088,760.15 4,088,760.15