8-K 1 eight-k.txt FORM 8-K 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 -August 25, 2005 ------------------------------- (Date of Earliest Event Reported) POPULAR ABS, INC. ----------------------------------------------------------------------- (as depositor under a certain Pooling and Servicing Agreement dated as of July 1, 2005, providing for the issuance of Mortgage Pass-Through Certificates, Series 2005-B) (Exact Name of Registrant as specified in its charter) Delaware 333-115371-07 52-2029487 ------------------------ --------------------- ------------------------ (State of Incorporation) (Commission File No.) (IRS Employer I.D. No.) 103 Springer Building, 3411 Silverside Road, Wilmington, Delaware 19803 ----------------------------------------------------------------------- (Address of principal executive offices) Registrant's telephone number, including area code: (302) 478-6160 Item 8.01. Other Events. ------------------------------- Attached hereto as Annex A is a copy of the Statement to Certificateholders sent to Class AF-1, AF-2, AF-3, AF-4, AF-5, AV-1, AV-2, M-1, M-2, M-3, M-4, M-5 and M-6 Certificateholders with respect to the August 25, 2005 Distribution Date. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. POPULAR ABS, INC. By: /s/ James H. Jenkins ---------------------------------- James H. Jenkins, Executive Vice President and CFO Dated: August 25, 2005 3 -------------------------------------------------------------------------------- Page 1 of 9 POPULAR ABS MORTGAGE PASS-THROUGH TRUST 2005-B STATEMENT TO CERTIFICATEHOLDERS AUGUST 25, 2005 --------------------------------------------------------------------------------

JPMORGAN [LOGO] COPYRIGHT 2005 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED. -------------------------------------------------------------------------------- Page 2 of 9 POPULAR ABS MORTGAGE PASS-THROUGH TRUST 2005-B STATEMENT TO CERTIFICATEHOLDERS AUGUST 25, 2005 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: RYAN VAUGHN JPMorgan Chase Bank, N.A. - Structured Finance Services NY 4 NEW YORK PLAZA FLR 6, New York, New York 10004 Tel: (212) 623-4484 / Fax: (212) 623-5930 Email: Ryan.M.Vaughn@JPMorgan.com -------------------------------------------------------------------------------- JPMORGAN [LOGO] COPYRIGHT 2005 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Page 3 of 9 POPULAR ABS MORTGAGE PASS-THROUGH TRUST 2005-B AUGUST 25, 2005 -------------------------------------------------------------------------------- Sec. 4.03(a)(i) Funds Allocable to Certificate Principal Group I Scheduled Principal 105,383.90 Group I Curtailments 11,488.29 Group I Prepayments 422,463.94 Group I Repurchases 0.00 Group I Liquidation Proceeds 0.00 Group II Scheduled Principal 67,659.44 Group II Curtailments 12,167.42 Group II Prepayments 1,149,425.87 Group II Repurchases 0.00 Group II Liquidation Proceeds 0.00 Extra Principal Distribution Amount 611,231.68 Sec. 4.03 (a)(ii) Interest Distribution Amounts Interest Distribution - AF-1 119,062.44 Unpaid Interest - AF-1 0.00 Remaining Unpaid Interest - AF-1 0.00 Interest Distribution - AF-2 22,181.25 Unpaid Interest - AF-2 0.00 Remaining Unpaid Interest - AF-2 0.00 Interest Distribution - AF-3 127,319.50 Unpaid Interest - AF-3 0.00 Remaining Unpaid Interest - AF-3 0.00 Interest Distribution - AF-4 29,525.63 Unpaid Interest - AF-4 0.00 Remaining Unpaid Interest - AF-4 0.00 Interest Distribution - AF-5 124,222.61 Unpaid Interest - AF-5 0.00 Remaining Unpaid Interest - AF-5 0.00 Interest Distribution - AV-1 325,578.75 Unpaid Interest - AV-1 0.00 Remaining Unpaid Interest - AV-1 0.00 Interest Distribution - AV-2 124,566.99 Unpaid Interest - AV-2 0.00 Remaining Unpaid Interest - AV-2 0.00 -------------------------------------------------------------------------------- JPMORGAN [LOGO] COPYRIGHT 2005 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Page 4 of 9 POPULAR ABS MORTGAGE PASS-THROUGH TRUST 2005-B AUGUST 25, 2005 -------------------------------------------------------------------------------- Interest Distribution - M-1 116,214.29 Unpaid Interest - M-1 0.00 Remaining Unpaid Interest - M-1 0.00 Interest Distribution - M-2 78,884.07 Unpaid Interest - M-2 0.00 Remaining Unpaid Interest - M-2 0.00 Interest Distribution - M-3 18,369.05 Unpaid Interest - M-3 0.00 Remaining Unpaid Interest - M-3 0.00 Interest Distribution - M-4 24,414.69 Unpaid Interest - M-4 0.00 Remaining Unpaid Interest - M-4 0.00 Interest Distribution - M-5 17,562.11 Unpaid Interest - M-5 0.00 Remaining Unpaid Interest - M-5 0.00 Interest Distribution - M-6 21,064.12 Unpaid Interest - M-6 0.00 Remaining Unpaid Interest - M-6 0.00 Interest Distribution - B-1 31,866.59 Unpaid Interest - B-1 0.00 Remaining Unpaid Interest - B-1 0.00 Interest Distribution - B-2 31,866.59 Unpaid Interest - B-2 0.00 Remaining Unpaid Interest - B-2 0.00 Interest Distribution - B-3 36,555.74 Unpaid Interest - B-3 0.00 Remaining Unpaid Interest - B-3 0.00 Interest Reductions Net Prepayment Interest Shortfalls 0.00 Relief Act Reductions 0.00 Class AF-1 Interest Reduction 0.00 Class AF-2 Interest Reduction 0.00 Class AF-3 Interest Reduction 0.00 Class AF-4 Interest Reduction 0.00 Class AF-5 Interest Reduction 0.00 Class AV-1 Interest Reduction 0.00 Class AV-2 Interest Reduction 0.00 -------------------------------------------------------------------------------- JPMORGAN [LOGO] COPYRIGHT 2005 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Page 5 of 9 POPULAR ABS MORTGAGE PASS-THROUGH TRUST 2005-B AUGUST 25, 2005 --------------------------------------------------------------------------------

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Section 4.03(a)(ix) A Group I and Group II Loans Delinquent

Sec. 4.03 (a)(ix) B Group I and Group II Loans in Foreclosure ------------------------------------------------------------ Foreclosure by Group ------------------------------------------------------------ Group Number of Principal Balance Percentage Number Loans ------------------------------------------------------------ 1 0 0.00 0.00% ------------------------------------------------------------ 2 0 0.00 0.00% ------------------------------------------------------------ Sec. 4.03(a)(x),(xi) Group I and Group II Loans in REO -------------------------------------------------------------------------------- JPMORGAN [LOGO] COPYRIGHT 2005 J.P. MORGAN CHASE & CO. ALL RIGHTS RESERVED. -------------------------------------------------------------------------------- Page 7 of 9 -------------------------------------------------------------------------------- POPULAR ABS MORTGAGE PASS-THROUGH TRUST 2005-B AUGUST 25, 2005 -------------------------------------------------------------------------------- ------------------------------------------------------------ REO by Group ------------------------------------------------------------ Group Number of Principal Balance Percentage Number Loans ------------------------------------------------------------ 1 0 0.00 0.00% ------------------------------------------------------------ 2 0 0.00 0.00% ------------------------------------------------------------

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