8-K 1 nomura05ar1_oct05.txt 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): October 25, 2005 NOMURA ASSET ACCEPTANCE CORPORATION ------------------- (as depositor under a Pooling and Servicing Agreement, dated as of February 1, 2005, providing for the issuance of Nomura Asset Acceptance Corporation, Alternative Loan Trust Series 2005-AR1, Mortgage Pass-Through Certficates) NOMURA ASSET ACCEPTANCE CORPORATION -------------------- (Exact name of registrant as specified in its charter) Delaware 333-109614-09 13-3672336 ------------------ ----------------------- ------------------ (State or other (Commission File Number) (IRS Employer jurisdiction of Identification No.) incorporation) 2 World Financial Center Building B, 21st Floor New York, New York 10281 -------------------------- -------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code : (212) 667-9300 N/A ---------------- (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: [] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b)) [] 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 8.1 Other Events. This report and exhibit is being filed pursuant to the terms of the Pooling and Servicing Agreement, dated as of February 1, 2005, among Nomura Asset Acceptance Corporation, as depositor, Nomura Credit & Capital, Inc., as seller, GMAC Mortgage Corporation, as servicer, and JPMorgan Chase Bank, N.A., as trustee and custodian. On October 25, 2005 distributions were made to the Certificateholders. Specific information with respect to these distributions is filed as Exhibit 99.1. Item 9.1 Financial Statements and Exhibits. (a) Not applicable (b) Not applicable (c) The following exhibit is filed as part of this report: Statement to Certificateholders on October 25, 2005 as Exhibit 99.1. SIGNATURE 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. Nomura Asset Acceptance Corporation Mortgage Pass-Through Certficates, Series 2005-AR1 JPMORGAN CHASE BANK, N.A, not in its individual capacity but solely as Trustee and Custodian under the Agreement referred to herein By: /s/ Andrew M. Cooper --------------------------------------- Andrew M. Cooper Assistant Vice President Date: October 28, 2005 INDEX TO EXHIBITS Exhibit Number Description of Exhibits 99.1 Monthly Statement to Certificateholders on October 25, 2005 Exhibit 99.1 Monthly Certificateholder Statement on October 25, 2005 Nomura Asset Acceptance Corporation, Alternative Loan Trust, Series 2005-AR1 STATEMENT TO CERTIFICATEHOLDERS October 25, 2005 ---------------------------------------------------------------------------------------------------------------------------------- DISTRIBUTION IN DOLLARS ---------------------------------------------------------------------------------------------------------------------------------- ORIGINAL BEGINNING ENDING FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE ---------------------------------------------------------------------------------------------------------------------------------- IA1 69,729,000.00 60,087,328.68 2,173,830.36 258,563.05 2,432,393.41 0.00 0.00 57,913,498.32 IA2 7,748,000.00 6,676,657.10 241,547.10 30,010.16 271,557.26 0.00 0.00 6,435,110.00 IIA1 115,800,000.00 92,139,402.90 4,213,669.96 305,058.21 4,518,728.17 0.00 0.00 87,925,732.94 IIA2 113,411,000.00 90,238,530.42 4,126,740.27 297,310.89 4,424,051.16 0.00 0.00 86,111,790.15 IIA3 25,468,000.00 20,264,303.21 926,716.29 68,234.41 994,950.70 0.00 0.00 19,337,586.92 M1 21,237,000.00 21,237,000.00 0.00 75,273.37 75,273.37 0.00 0.00 21,237,000.00 M2 6,520,000.00 6,520,000.00 0.00 24,055.18 24,055.18 0.00 0.00 6,520,000.00 M3 3,726,000.00 3,726,000.00 0.00 13,896.95 13,896.95 0.00 0.00 3,726,000.00 M4 3,353,000.00 3,353,000.00 0.00 13,721.22 13,721.22 0.00 0.00 3,353,000.00 M5 3,167,787.00 3,167,787.00 0.00 14,621.98 14,621.98 0.00 0.00 3,167,787.00 P 100.00 100.00 0.00 81,506.78 81,506.78 0.00 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 TOTALS 370,159,887.00 307,410,109.31 11,682,503.98 1,182,252.20 12,864,756.18 0.00 0.00 295,727,605.33 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ORIGINAL BEGINNING ENDING FACE NOTIONAL REALIZED DEFERRED NOTIONAL CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE ---------------------------------------------------------------------------------------------------------------------------------- X 372,581,567.00 309,831,789.19 0.00 462,286.17 462,286.17 0.00 0.00 298,149,285.22 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE PASS-THROUGH RATES ---------------------------------------------------------------------------------------------------------------------------------- CURRENT BEGINNING ENDING PASS-THRU CLASS CUSIP PRINCIPAL PRINCIPAL INTEREST TOTAL PRINCIPAL CLASS RATE -------------------------------------------------------------------------------------------------------------------------------- IA1 65535VHW1 861.72652239 31.17541281 3.70811355 34.88352637 830.55110958 IA1 5.163745 % IA2 65535VHX9 861.72652297 31.17541301 3.87327827 35.04869128 830.55110996 IA2 5.393745 % IIA1 65535VHY7 795.67705440 36.38747807 2.63435415 39.02183221 759.28957634 IIA1 4.110000 % IIA2 65535VHZ4 795.67705443 36.38747802 2.62153486 39.00901288 759.28957641 IIA2 4.090000 % IIA3 65535VJA7 795.67705395 36.38747801 2.67922138 39.06669939 759.28957594 IIA3 4.180000 % M1 65535VJB5 1,000.00000000 0.00000000 3.54444460 3.54444460 1,000.00000000 M1 4.400000 % M2 65535VJC3 1,000.00000000 0.00000000 3.68944479 3.68944479 1,000.00000000 M2 4.580000 % M3 65535VJD1 1,000.00000000 0.00000000 3.72972356 3.72972356 1,000.00000000 M3 4.630000 % M4 65535VJE9 1,000.00000000 0.00000000 4.09222189 4.09222189 1,000.00000000 M4 5.080000 % M5 65535VJF6 1,000.00000000 0.00000000 4.61583433 4.61583433 1,000.00000000 M5 5.730000 % P 65535VJH2 1,000.00000000 0.00000000 ###### ##### 1,000.00000000 P 0.000000 % TOTALS 830.47926074 31.56069685 3.19389605 34.75459290 798.91856389 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- CURRENT BEGINNING ENDING PASS-THRU CLASS CUSIP NOTIONAL PRINCIPAL INTEREST TOTAL NOTIONAL CLASS RATE ----------------------------------------------------------------------------------------------------------------------------------- X 65535VJG4 831.58109964 0.00000000 1.24076501 1.24076501 800.22553885 X 1.790466 % ----------------------------------------------------------------------------------------------------------------------------------- IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: Ariella Kaminer JPMorgan Chase Bank, N.A. - Structured Finance Services 4 New York Plaza, 6th Floor, New York, New York 10004 Tel: (212) 623-5431 Fax: (212) 623-5931 Email: ariella.x.kaminer@jpmchase.com Principal Funds: Scheduled Principal Payments (Total) 73,431.80 Group 1 19,906.45 Group 2 53,525.35 Principal Prepayments (Total) 11,340,220.72 Group 1 2,395,375.79 Group 2 8,944,844.93 Repurchase Principal (Total) 0.00 Group 1 0.00 Group 2 0.00 Substitution Amounts (Total) 0.00 Group 1 0.00 Group 2 0.00 Net Liquidation Proceeds (Total) 268,845.46 Group 1 0.00 Group 2 268,845.46 Insurance Proceeds (Total) 0.00 Group 1 0.00 Group 2 0.00 Other Principal (Total) 5.99 Group 1 1.70 Group 2 4.29 Interest Funds: Scheduled Gross Interest (Total) 1,632,091.38 Group 1 378,349.03 Group 2 1,253,742.35 Servicing Fees (Total) 64,548.30 Group 1 15,873.69 Group 2 48,674.61 Credit Risk Management Fees (Total) 3,872.90 Group 1 952.42 Group 2 2,920.48 Soldiers and Sailors (Total) 186.30 Group 1 186.30 Group 2 0.00 Prepayment Penalties: Prepayment Penalties (Total) 81,506.78 Group 1 19,180.48 Group 2 62,326.30 Balance of Loans w/Prepayment Penalties (Total) 4,541,288.26 Group 1 853,122.41 Group 2 3,688,165.85 Count of Loans w/Prepayment Penalties (Total) 20.00 Group 1 4.00 Group 2 16.00 Pool Detail: Beginning Number of Loans Outstanding (Total) 1,245 Group 1 295 Group 2 950 Beginning Aggregate Loan Balances (Total) 309,831,789.49 Group 1 76,193,693.99 Group 2 233,638,095.50 Ending Number of Loans Outstanding (Total) 1,199 Group 1 286 Group 2 913 Ending Aggregate Loan Balances (Total) 298,149,285.52 Group 1 73,778,410.05 Group 2 224,370,875.47 Beginning Gross Weighted Average Coupon (Deal) 6.3212 % Group 1 5.9587 % Group 2 6.4394 % Weighted Average Term to Maturity (Deal) 350 Group 1 350 Group 2 350 Current Advances (Total) N/A Group 1 N/A Group 2 N/A Outstanding Advances (Total) N/A Group 1 N/A Group 2 N/A Delinquent Mortgage Loans Group 1 Principal Category Number Balance Percentage 1 Month 3 559,249.92 0.76 % 2 Month 1 131,540.18 0.18 % 3 Month 0 0.00 0.00 % Total 4 690,790.10 0.94 % Group 2 Principal Category Number Balance Percentage 1 Month 11 2,157,901.41 0.96 % 2 Month 5 1,149,609.20 0.51 % 3 Month 4 2,160,630.81 0.96 % Total 20 5,468,141.42 2.43 % Group Totals Principal Category Number Balance Percentage 1 Month 14 2,717,151.33 0.91 % 2 Month 6 1,281,149.38 0.43 % 3 Month 4 2,160,630.81 0.72 % Total 24 6,158,931.52 2.06 % * Delinquent Bankruptcies are included in the table above. Group 1 Principal Category Number Balance Percentage 1 Month 3 559,249.92 0.76 % 2 Month 1 131,540.18 0.18 % 3 Month 0 0.00 0.00 % Total 4 690,790.10 0.94 % Group 2 Principal Category Number Balance Percentage 1 Month 11 2,157,901.41 0.96 % 2 Month 5 1,149,609.20 0.51 % 3 Month 4 2,160,630.81 0.96 % Total 20 5,468,141.42 2.43 % Group 1 Principal Period Number Balance Percentage 0-30 days 3 559,249.92 0.76 % 31-60 days 1 131,540.18 0.18 % 61-90 days 0 0.00 0.00 % Total 4 690,790.10 0.94 % Group 2 Principal Period Number Balance Percentage 0-30 days 11 2,157,901.41 0.96 % 31-60 days 5 1,149,609.20 0.51 % 61-90 days 4 2,160,630.81 0.96 % Total 20 5,468,141.42 2.43 % Bankruptcies Bankuptcies by Group Principal Number of Loans Balance Percentage Group 1 0 0.00 0.00% Group 2 1 919,458.00 0.41% Total 1 919,458.00 0.41% * Only Current Bankruptcies are reflected in the table above. Loan Level Bankruptcy - Schedule Group Loan Bankruptcy Scheduled Current Note Original Original LTV Loan Origination Number Number Date Principal Balance Rate Stated Term Ratio(%) Date 2 106214 6/1/2005 282,458.00 7.00000 360 95.00 12/21/2004 2 121059 9/1/2005 637,000.00 6.25000 360 70.00 11/12/2004 Total 919,458.00 6.48040 360 77.68 Foreclosures Foreclosures By Group Group # Number of Loans Principal Balance Percentage 1 0 0.00 0.00% 2 4 1,184,485.81 0.53% Total 4 1,184,485.81 0.40% Group 1 Foreclosure Reporting: Number of Foreclosure Loans that are Current 0 Principal Balance of Foreclosure Loans that are Current 0.00 Number of Foreclosure Loans that are 1 Month Delinquent 0 Principal Balance of Foreclosure Loans that are 1 Month Delinquent 0.00 Number of Foreclosure Loans that are 2 Months Delinquent 0 Principal Balance of Foreclosure Loans that are 2 Months Delinquent 0.00 Number of Foreclosure Loans that are 3+ Months Delinquent 0 Principal Balance of Foreclosure Loans that are 3+ Months Delinquent 0.00 Total Number of Foreclosure Loans 0 Total Principal Balance of Foreclosure Loans 0.00 Group 2 Foreclosure Reporting: Number of Foreclosure Loans that are Current 0 Principal Balance of Foreclosure Loans that are Current 0.00 Number of Foreclosure Loans that are 1 Month Delinquent 0 Principal Balance of Foreclosure Loans that are 1 Month Delinquent 0.00 Number of Foreclosure Loans that are 2 Months Delinquent 0 Principal Balance of Foreclosure Loans that are 2 Months Delinquent 0.00 Number of Foreclosure Loans that are 3+ Months Delinquent 4 Principal Balance of Foreclosure Loans that are 3+ Months Delinquent 1,184,485.81 Total Number of Foreclosure Loans 4 Total Principal Balance of Foreclosure Loans 1,184,485.81 Loan Level Foreclosure - Schedule Group Loan Foreclosure Scheduled Current Note Original Original LTV Loan Origination Number Number Date Principal Balance Rate Stated Term Ratio(%) Date 2 101725 2/1/2005 206,188.91 7.37500 360 95.00 5/18/2004 2 85904 2/1/2005 364,745.01 7.25000 360 80.00 11/1/2004 2 85924 3/1/2005 62,400.02 8.25000 360 89.99 9/22/2004 2 97025 1/1/2005 551,151.87 6.25000 360 80.00 12/3/2004 Total 1,184,485.81 6.84913 360 83.14 REO Properties REO By Group Group # Number of Loans Principal Balance Percentage 1 0 0.00 0.00% 2 2 69,999.36 0.03% Total 2 69,999.36 0.02% Loan Level REO - Schedule Loan Number REO Date Schedule Principal Balance Group #2 97458 3/3/2005 69,999.36 Total 69,999.36 Loss Detail: Current Realized Losses (Total) 452.30 Group 1 0.00 Group 2 452.30 Subsequent Losses (Total) 0.00 Group 1 0.00 Group 2 0.00 Subsequent Loss Recoveries (Total) 0.00 Group 1 0.00 Group 2 0.00 Current Period Net Loss (Total) 452.30 Group 1 0.00 Group 2 452.30 Cumulative Realized Losses (Total) 452.30 Group 1 0.00 Group 2 452.30 Trigger Event YES TEST I - Trigger Event Occurrence NO (Is Rolling 3 Month Delinquency Rate > 28% of of Senior Enhancement Percetage ?) Rolling 3 Month Delinquency Rate 1.40227 % 28% of Senior Enhancement Percetage 3.79643 % OR TEST II - Trigger Event Occurrence YES (Are Cumulative Realized Losses as % of Original Loan Bal > Required Cumulative Loss % ?) Cumulative Realized Losses as % of Original Loan Bal 0.00012 % Required Cumulative Loss % 0.00000 % O/C Reporting Targeted Overcollateralization Amount 2,421,780.19 Ending Overcollateralization Amount 2,421,780.19 Ending Overcollateralization Deficiency 0.00 Overcollateralization Release Amount 0.00 Monthly Excess Interest 462,738.48 Payment to Class X 462,286.17 Interest Carry Forward: Interest Carryforward Balance with respect to such Distribution Date Class I-A-1 0.00 Class I-A-2 0.00 Class II-A-1 0.00 Class II-A-2 0.00 Class II-A-3 0.00 Class M-1 0.00 Class M-2 0.00 Class M-3 0.00 Class M-4 0.00 Class M-5 0.00 Interest Carryforward Amount Paid This Period Class I-A-1 0.00 Class I-A-2 0.00 Class II-A-1 0.00 Class II-A-2 0.00 Class II-A-3 0.00 Class M-1 0.00 Class M-2 0.00 Class M-3 0.00 Class M-4 0.00 Class M-5 0.00 Interest Carryforward Amount Occured This Period Class I-A-1 0.00 Class I-A-2 0.00 Class II-A-1 0.00 Class II-A-2 0.00 Class II-A-3 0.00 Class M-1 0.00 Class M-2 0.00 Class M-3 0.00 Class M-4 0.00 Class M-5 0.00 Remaining Interest Carryforward Amount Class I-A-1 0.00 Class I-A-2 0.00 Class II-A-1 0.00 Class II-A-2 0.00 Class II-A-3 0.00 Class M-1 0.00 Class M-2 0.00 Class M-3 0.00 Class M-4 0.00 Class M-5 0.00 Basis Risk Reserve Carryover: Interest Carryover Balance with respect to such Distribution Date Class II-A-1 0.00 Class II-A-2 0.00 Class II-A-3 0.00 Class M-1 0.00 Class M-2 0.00 Class M-3 0.00 Class M-4 0.00 Class M-5 0.00 Interest Carryover Amount Occured This Period Class II-A-1 0.00 Class II-A-2 0.00 Class II-A-3 0.00 Class M-1 0.00 Class M-2 0.00 Class M-3 0.00 Class M-4 0.00 Class M-5 0.00 Interest Carryover Amount Paid This Period Class II-A-1 0.00 Class II-A-2 0.00 Class II-A-3 0.00 Class M-1 0.00 Class M-2 0.00 Class M-3 0.00 Class M-4 0.00 Class M-5 0.00 Remaining Interest Carryover Amount Class II-A-1 0.00 Class II-A-2 0.00 Class II-A-3 0.00 Class M-1 0.00 Class M-2 0.00 Class M-3 0.00 Class M-4 0.00 Class M-5 0.00 Basis Risk Reserve Fund Account: Beginning Balance 0.00 Additions to the Basis Risk Reserve Fund 0.00 Withdrawals from the Basis Risk Reserve Fund 0.00 Ending Balance 0.00 Total Non-Supported Interest Shortfall occured this month 186.30 Class I-A-1 0.00 Class I-A-2 0.00 Class II-A-1 0.00 Class II-A-2 0.00 Class II-A-3 0.00 Class M-1 0.00 Class M-2 0.00 Class M-3 0.00 Class M-4 0.00 Class M-5 0.00 Class X 186.30 Copyright 2005 J.P. Morgan Chase & Co. All rights reserved.

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 July 1, 2005)

NOMURA ASSET ACCEPTANCE CORPORATION

(as depositor under the Pooling and Servicing Agreement,

dated as of February 1, 2005, providing for the issuance of

Nomura Asset Acceptance Corporation, Alternative Loan Trust Series 2005-AR1, Mortgage Pass-Through Certificates)

NOMURA ASSET ACCEPTANCE CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	333-109614	13-3672336
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
Two World Financial Center, Building B, 21st Floor, New York, New York		10281
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code, is (212) 667-9300.

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(b) under the Exchange Act (17 CFR 240.14a-12(b))

[_] 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 1.01 Entry into a Material Definitive Agreement

Amendment to Pooling & Servicing Agreement

On February 28, 2005, a series of certificates, entitled Nomura Asset Acceptance Corporation, Alternative Loan Trust Series 2005-AR1, Mortgage Pass-Through Certificates (the “Certificates”), were issued pursuant to a pooling and servicing agreement, dated as of February 1, 2005 (the “Agreement”), among Nomura Asset Acceptance Corporation as depositor (the “Depositor”), Nomura Credit & Capital, Inc., as seller (the “Seller”), GMAC Mortgage Corporation as a servicer (“GMAC”) and JPMorgan Chase Bank, National Association as trustee (the “Trustee”), which Agreement was the subject of, and exhibit to a Form 8-K filed with the United States Securities & Exchange Commission on March 15, 2005.The seller, as owner of the Mortgage Loans sold to the trust fund, retained certain rights relating to the servicing of the Mortgage Loans, including the right to terminate and replace GMAC at any time, without cause. As of July 1, 2005, the Seller sold the servicing rights to Wells Fargo Bank, N.A. As a result, the Depositor, the Seller, Wells Fargo and the Trustee entered into a Servicer Appointment, Assumption and Amendment Agreement to the Agreement (the “Amendment”), dated as of February 1, 2005, attached hereto as Exhibit 4.1. The Amendment reflects the appointment of Wells Fargo as servicer.

Item 9.01	Financial Statements and Exhibits
		(a)	Not applicable
		(b)	Not applicable
		(c)	Exhibits
Exhibit No.				Description
4.1				Servicer Appointment, Assumption and Amendment Agreement, dated as of July 1, 2005, to the Pooling and Servicing Agreement, dated as of February 1, 2005, by and among the Seller, the Depositor, Wells Fargo and the Trustee.

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: August 1, 2005

NOMURA ASSET ACCEPTANCE CORPORATION

By:/s/ John P. Graham

Name: John P. Graham

Title: President

Index to Exhibits

Exhibit No.	Description	Sequentially Numbered Page
4.1	Servicer Appointment, Assumption and Amendment Agreement, dated as of July 1, 2005, to the Pooling and Servicing Agreement, dated as of February 1, 2005, by and among the Seller, the Depositor, Wells Fargo and the Trustee.	7

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