8-K 1 baf05001_10506.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): June 27, 2005 BANC OF AMERICA FUNDING CORPORATION Mortgage Pass-Through Certificates, Series 2005-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-121559-01 Pooling and Servicing Agreement) (Commission 54-2167986 (State or other File Number) IRS EIN jurisdiction of Incorporation) 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 FUNDING CORPORATION, Mortgage Pass-Through Certificates, Series 2005-1 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 2005-1 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 FUNDING CORPORATION Mortgage Pass-Through Certificates, Series 2005-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator 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 2005-1 Trust, relating to the June 27, 2005 distribution. EX-99.1

Banc of America Funding Corporation Mortgage Pass-Through Certificates Record Date: 45/2931/2005 Distribution Date: 56/2527/2005 Banc of America Funding Corporation Mortgage Pass-Through Certificates Series 2005-1 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 ~~Principal~~ Class CUSIP Description Rate Balance Distribution ~~Distribution~~ 1-A-1 05946XPV9 SEN 5.50000% 20,021,000.00 91,762.92 ~~0.00~~ 1-A-2 05946XPW7 SEN 5.50000% 1,505,000.00 6,897.92 ~~0.00~~ 1-A-3 05946XPX5 SEN 5.50000% 5,076,000.00 23,265.00 ~~0.00~~ 1-A-4 05946XPY3 SEN 5.50000% 3,619,000.00 16,587.08 ~~0.00~~ 1-A-5 05946XPZ0 SEN 5.50000% 2,059,000.00 9,437.08 ~~0.00~~ 1-A-6 05946XQA4 SEN 5.50000% 3,741,000.00 17,146.25 ~~0.00~~ 1-A-7 05946XQB2 SEN 5.50000% ~~135~~132,~~999~~833,~~664~~827.8312 ~~623~~608,~~331~~821.~~80 3,165,837.~~71 1-A-8 05946XQC0 SEN 5.50000% 5,370,000.00 24,612.50 ~~0.00~~ 1-A-9 05946XQD8 SEN 5.50000% 5,067,000.00 23,223.75 ~~0.00~~ 1-A-10 05946XQE6 SEN 5.50000% 1,000,000.00 4,583.33 ~~0.00~~ 1-A-R 05946XQH9 SEN 5.50000% 0.00 0.0010 ~~0.00~~ 30-IO 05946XQF3 IO 5.50000% 0.00 4543,~~052~~975.9645 ~~0.00~~ 30-PO 05946XQG1 PO 0.00000% 441,~~957~~459.6401 0.00 ~~498.64~~ B-1 05946XQJ5 SUB 5.50000% 3,~~294~~290,~~002~~617.2316 15,~~097~~082.5100 ~~3,385.07~~ B-2 05946XQK2 SUB 5.50000% 1,~~496~~494,~~458~~920.0420 6,~~858~~851.7772 ~~1,537.83~~ B-3 05946XQL0 SUB 5.50000% 698,~~878~~160.8060 3,~~203~~199.1990 ~~718.20~~ B-4 05946XQM8 SUB 5.50000% 698,~~878~~160.8060 3,~~203~~199.1990 ~~718.20~~ B-5 05946XQN6 SUB 5.50000% ~~498~~497,~~487~~974.0275 2,~~284~~282.7338 ~~512.27~~ B-6 05946XQP1 SUB 5.50000% ~~300~~299,~~120~~811.2382 1,~~375~~374.5514 ~~308.42~~ Totals ~~190~~187,~~886~~712,~~447~~931.5926 ~~917~~902,~~923~~303.~~53 3,173,516.34~~13

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses 1-A-1 0.00 0.00 20,021,000.00 91,762.92 0.00 1-A-2 0.00 0.00 1,505,000.00 6,897.92 0.00 1-A-3 0.00 0.00 5,076,000.00 23,265.00 0.00 1-A-4 0.00 0.00 3,619,000.00 16,587.08 0.00 1-A-5 0.00 0.00 2,059,000.00 9,437.08 0.00 1-A-6 0.00 0.00 3,741,000.00 17,146.25 0.00 1-A-7 3,723,869.65 0.00 ~~132~~129,~~833~~109,~~827~~957.1247 34,~~789~~332,~~169~~691.5136 0.00 1-A-8 0.00 0.00 5,370,000.00 24,612.50 0.00 1-A-9 0.00 0.00 5,067,000.00 23,223.75 0.00 1-A-10 0.00 0.00 1,000,000.00 4,583.33 0.00 1-A-R 0.00 0.00 0.00 0.10 0.00 30-IO 0.00 0.00 450.00 43,~~052~~975.9645 0.00 30-PO 3,007.18 0.00 ~~441~~438,~~459~~451.0183 ~~498~~3,007.6418 0.00 B-1 3,426.30 0.00 3,~~290~~287,~~617~~190.1686 18,~~482~~508.5830 0.00 B-2 1,556.56 0.00 1,~~494~~493,~~920~~363.2064 8,~~396~~408.6028 0.00 B-3 726.95 0.00 ~~698~~697,~~160~~433.6065 3,~~921~~926.3985 0.00 B-4 726.95 0.00 ~~698~~697,~~160~~433.6065 3,~~921~~926.3985 0.00 B-5 518.51 0.00 497,~~974~~456.7524 2,~~797~~800.0089 0.00 B-6 312.17 0.00 299,~~811~~499.8264 1,~~683~~686.9731 0.00 Totals 3,734,144.27 0.00 ~~187~~183,~~712~~978,~~931~~786.2698 4,~~091~~636,~~439~~447.8740 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) 1-A-1 20,021,000.00 20,021,000.00 0.00 0.00 0.00 0.00 1-A-2 1,505,000.00 1,505,000.00 0.00 0.00 0.00 0.00 1-A-3 5,076,000.00 5,076,000.00 0.00 0.00 0.00 0.00 1-A-4 3,619,000.00 3,619,000.00 0.00 0.00 0.00 0.00 1-A-5 2,059,000.00 2,059,000.00 0.00 0.00 0.00 0.00 1-A-6 3,741,000.00 3,741,000.00 0.00 0.00 0.00 0.00 1-A-7 145,293,000.00 ~~135~~132,~~999~~833,~~664~~827.8312 ~~188~~187,~~529~~725.9087 23,~~977~~536,~~307~~143.8179 0.00 0.00 1-A-8 5,370,000.00 5,370,000.00 0.00 0.00 0.00 0.00 1-A-9 5,067,000.00 5,067,000.00 0.00 0.00 0.00 0.00 1-A-10 1,000,000.00 1,000,000.00 0.00 0.00 0.00 0.00 1-A-R 100.00 0.00 0.00 0.00 0.00 0.00 30-IO 0.00 0.00 0.00 0.00 0.00 0.00 30-PO 445,987.00 441,~~957~~459.6401 ~~482~~484.0332 162,522.6085 0.00 0.00 B-1 3,304,000.00 3,~~294~~290,~~002~~617.2316 3,~~385~~426.0730 0.00 0.00 0.00 B-2 1,501,000.00 1,~~496~~494,~~458~~920.0420 1,~~537~~556.8356 0.00 0.00 0.00 B-3 701,000.00 698,~~878~~160.8060 ~~718~~726.2095 0.00 0.00 0.00 B-4 701,000.00 698,~~878~~160.8060 ~~718~~726.2095 0.00 0.00 0.00 B-5 500,000.00 ~~498~~497,~~487~~974.0275 ~~512~~518.2751 0.00 0.00 0.00 B-6 301,031.00 ~~300~~299,~~120~~811.2382 ~~308~~312.4217 0.00 0.00 0.00 Totals 200,205,118.00 ~~190~~187,~~886~~712,~~447~~931.5926 ~~196~~195,~~191~~477.9263 23,~~977~~538,~~324~~666.4164 0.00 0.00 (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.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution 1-A-1 0.00 20,021,000.00 1.00000000 0.00 1-A-2 0.00 1,505,000.00 1.00000000 0.00 1-A-3 0.00 5,076,000.00 1.00000000 0.00 1-A-4 0.00 3,619,000.00 1.00000000 0.00 1-A-5 0.00 2,059,000.00 1.00000000 0.00 1-A-6 0.00 3,741,000.00 1.00000000 0.00 1-A-7 3,~~165~~723,~~837~~869.7165 ~~132~~129,~~833~~109,~~827~~957.1247 0.~~91424795~~88861788 3,~~165~~723,~~837~~869.7165 1-A-8 0.00 5,370,000.00 1.00000000 0.00 1-A-9 0.00 5,067,000.00 1.00000000 0.00 1-A-10 0.00 1,000,000.00 1.00000000 0.00 1-A-R 0.00 0.00 0.00000000 0.00 30-IO 0.00 0.00 0.00000000 0.00 30-PO ~~498~~3,007.6418 ~~441~~438,~~459~~451.0183 0.~~98984726~~98310451 ~~498~~3,007.6418 B-1 3,~~385~~426.0730 3,~~290~~287,~~617~~190.1686 0.~~99594950~~99491249 3,~~385~~426.0730 B-2 1,~~537~~556.8356 1,~~494~~493,~~920~~363.2064 0.~~99594950~~99491249 1,~~537~~556.8356 B-3 ~~718~~726.2095 ~~698~~697,~~160~~433.6065 0.~~99594950~~99491248 ~~718~~726.2095 B-4 ~~718~~726.2095 ~~698~~697,~~160~~433.6065 0.~~99594950~~99491248 ~~718~~726.2095 B-5 ~~512~~518.2751 497,~~974~~456.7524 0.~~99594950~~99491248 ~~512~~518.2751 B-6 ~~308~~312.4217 299,~~811~~499.8264 0.~~99594999~~99491295 ~~308~~312.4217 Totals 3,~~173~~734,~~516~~144.3427 ~~187~~183,~~712~~978,~~931~~786.2698 0.~~93760306~~91895147 3,~~173~~734,~~516~~144.3427

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 20,021,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A-2 1,505,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A-3 5,076,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A-4 3,619,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A-5 2,059,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A-6 3,741,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A-7 145,293,000.00 ~~936~~914.~~03728211~~24794808 1.~~29758419~~29205034 2024.~~49174984~~33801897 0.00000000 1-A-8 5,370,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A-9 5,067,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A-10 1,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 30-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 30-PO 445,987.00 ~~990~~989.~~96529719~~84726012 1.~~08081626~~08595094 05.~~03722082~~65677923 0.00000000 B-1 3,304,000.00 ~~996~~995.~~97404056~~94950363 1.~~02453692~~03701574 0.00000000 0.00000000 B-2 1,501,000.00 ~~996~~995.~~97404397~~94950033 1.~~02453698~~03701532 0.00000000 0.00000000 B-3 701,000.00 ~~996~~995.~~97403709~~94950071 1.~~02453638~~03701854 0.00000000 0.00000000 B-4 701,000.00 ~~996~~995.~~97403709~~94950071 1.~~02453638~~03701854 0.00000000 0.00000000 B-5 500,000.00 ~~996~~995.~~97404000~~94950000 1.~~02454000~~03702000 0.00000000 0.00000000 B-6 301,031.00 ~~996~~995.~~97449764~~94998522 1.~~02454564~~03700283 0.00000000 0.00000000 (2) All classes are per $1,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1-A-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A-7 0.00000000 2125.~~78933404~~63006924 ~~914~~888.~~24794808~~61787884 0.~~91424795~~88861788 2125.~~78933404~~63006924 1-A-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A-10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 30-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 30-PO 0.00000000 16.~~11805950~~74275259 ~~989~~983.~~84726012~~10450753 0.~~98984726~~98310451 16.~~11805950~~74275259 B-1 0.00000000 1.~~02453692~~03701574 ~~995~~994.~~94950363~~91248789 0.~~99594950~~99491249 1.~~02453692~~03701574 B-2 0.00000000 1.~~02453698~~03701532 ~~995~~994.~~94950033~~91248501 0.~~99594950~~99491249 1.~~02453698~~03701532 B-3 0.00000000 1.~~02453638~~03701854 ~~995~~994.~~94950071~~91248217 0.~~99594950~~99491248 1.~~02453638~~03701854 B-4 0.00000000 1.~~02453638~~03701854 ~~995~~994.~~94950071~~91248217 0.~~99594950~~99491248 1.~~02453638~~03701854 B-5 0.00000000 1.~~02454000~~03702000 ~~995~~994.~~94950000~~91248000 0.~~99594950~~99491248 1.~~02454000~~03702000 B-6 0.00000000 1.~~02454564~~03700283 ~~995~~994.~~94998522~~91294916 0.~~99594999~~99491295 1.~~02454564~~03700283 (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.

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 1-A-1 20,021,000.00 5.50000% 20,021,000.00 91,762.92 0.00 0.00 1-A-2 1,505,000.00 5.50000% 1,505,000.00 6,897.92 0.00 0.00 1-A-3 5,076,000.00 5.50000% 5,076,000.00 23,265.00 0.00 0.00 1-A-4 3,619,000.00 5.50000% 3,619,000.00 16,587.08 0.00 0.00 1-A-5 2,059,000.00 5.50000% 2,059,000.00 9,437.08 0.00 0.00 1-A-6 3,741,000.00 5.50000% 3,741,000.00 17,146.25 0.00 0.00 1-A-7 145,293,000.00 5.50000% ~~135~~132,~~999~~833,~~664~~827.8312 ~~623~~608,~~331~~821.8071 0.00 0.00 1-A-8 5,370,000.00 5.50000% 5,370,000.00 24,612.50 0.00 0.00 1-A-9 5,067,000.00 5.50000% 5,067,000.00 23,223.75 0.00 0.00 1-A-10 1,000,000.00 5.50000% 1,000,000.00 4,583.33 0.00 0.00 1-A-R 100.00 5.50000% 0.00 0.00 0.00 0.00 30-IO 0.00 5.50000% 9,~~829~~594,~~736~~643.6977 4543,~~052~~975.9645 0.00 0.00 30-PO 445,987.00 0.00000% 441,~~957~~459.6401 0.00 0.00 0.00 B-1 3,304,000.00 5.50000% 3,~~294~~290,~~002~~617.2316 15,~~097~~082.5100 0.00 0.00 B-2 1,501,000.00 5.50000% 1,~~496~~494,~~458~~920.0420 6,~~858~~851.7772 0.00 0.00 B-3 701,000.00 5.50000% 698,~~878~~160.8060 3,~~203~~199.1990 0.00 0.00 B-4 701,000.00 5.50000% 698,~~878~~160.8060 3,~~203~~199.1990 0.00 0.00 B-5 500,000.00 5.50000% ~~498~~497,~~487~~974.0275 2,~~284~~282.7338 0.00 0.00 B-6 301,031.00 5.50000% ~~300~~299,~~120~~811.2382 1,~~375~~374.5514 0.00 0.00 Totals 200,205,118.00 ~~917~~902,~~923~~303.5303 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 1-A-1 0.00 0.00 91,762.92 0.00 20,021,000.00 1-A-2 0.00 0.00 6,897.92 0.00 1,505,000.00 1-A-3 0.00 0.00 23,265.00 0.00 5,076,000.00 1-A-4 0.00 0.00 16,587.08 0.00 3,619,000.00 1-A-5 0.00 0.00 9,437.08 0.00 2,059,000.00 1-A-6 0.00 0.00 17,146.25 0.00 3,741,000.00 1-A-7 0.00 0.00 ~~623~~608,~~331~~821.8071 0.00 ~~132~~129,~~833~~109,~~827~~957.1247 1-A-8 0.00 0.00 24,612.50 0.00 5,370,000.00 1-A-9 0.00 0.00 23,223.75 0.00 5,067,000.00 1-A-10 0.00 0.00 4,583.33 0.00 1,000,000.00 1-A-R 0.00 0.00 0.0010 0.00 0.00 30-IO 0.00 0.00 4543,~~052~~975.9645 0.00 9,~~594~~484,~~643~~255.7716 30-PO 0.00 0.00 0.00 0.00 ~~441~~438,~~459~~451.0183 B-1 0.00 0.00 15,~~097~~082.5100 0.00 3,~~290~~287,~~617~~190.1686 B-2 0.00 0.00 6,~~858~~851.7772 0.00 1,~~494~~493,~~920~~363.2064 B-3 0.00 0.00 3,~~203~~199.1990 0.00 ~~698~~697,~~160~~433.6065 B-4 0.00 0.00 3,~~203~~199.1990 0.00 ~~698~~697,~~160~~433.6065 B-5 0.00 0.00 2,~~284~~282.7338 0.00 497,~~974~~456.7524 B-6 0.00 0.00 1,~~375~~374.5514 0.00 299,~~811~~499.8264 Totals 0.00 0.00 ~~917~~902,~~923~~303.5313 0.00 (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.

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 1-A-1 20,021,000.00 5.50000% 1000.00000000 4.58333350 0.00000000 0.00000000 1-A-2 1,505,000.00 5.50000% 1000.00000000 4.58333555 0.00000000 0.00000000 1-A-3 5,076,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 1-A-4 3,619,000.00 5.50000% 1000.00000000 4.58333241 0.00000000 0.00000000 1-A-5 2,059,000.00 5.50000% 1000.00000000 4.58333171 0.00000000 0.00000000 1-A-6 3,741,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 1-A-7 145,293,000.00 5.50000% ~~936~~914.~~03728211~~24794808 4.~~29017090~~19030311 0.00000000 0.00000000 1-A-8 5,370,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 1-A-9 5,067,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 1-A-10 1,000,000.00 5.50000% 1000.00000000 4.58333000 0.00000000 0.00000000 1-A-R 100.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 30-IO 0.00 5.50000% ~~957~~934.~~86785669~~95900791 4.~~39022769~~28522873 0.00000000 0.00000000 30-PO 445,987.00 0.00000% ~~990~~989.~~96529719~~84726012 0.00000000 0.00000000 0.00000000 B-1 3,304,000.00 5.50000% ~~996~~995.~~97404056~~94950363 4.~~56946429~~56476998 0.00000000 0.00000000 B-2 1,501,000.00 5.50000% ~~996~~995.~~97404397~~94950033 4.~~56946702~~56477015 0.00000000 0.00000000 B-3 701,000.00 5.50000% ~~996~~995.~~97403709~~94950071 4.~~56945792~~56476462 0.00000000 0.00000000 B-4 701,000.00 5.50000% ~~996~~995.~~97403709~~94950071 4.~~56945792~~56476462 0.00000000 0.00000000 B-5 500,000.00 5.50000% ~~996~~995.~~97404000~~94950000 4.~~56946000~~56476000 0.00000000 0.00000000 B-6 301,031.00 5.50000% ~~996~~995.~~97449764~~94998522 4.~~56946295~~56477904 0.00000000 0.00000000 (5) All classes are per $1,000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance 1-A-1 0.00000000 0.00000000 4.58333350 0.00000000 1000.00000000 1-A-2 0.00000000 0.00000000 4.58333555 0.00000000 1000.00000000 1-A-3 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000 1-A-4 0.00000000 0.00000000 4.58333241 0.00000000 1000.00000000 1-A-5 0.00000000 0.00000000 4.58333171 0.00000000 1000.00000000 1-A-6 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000 1-A-7 0.00000000 0.00000000 4.~~29017090~~19030311 0.00000000 ~~914~~888.~~24794808~~61787884 1-A-8 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000 1-A-9 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000 1-A-10 0.00000000 0.00000000 4.58333000 0.00000000 1000.00000000 1-A-R 0.00000000 0.00000000 01.00000000 0.00000000 0.00000000 30-IO 0.00000000 0.00000000 4.~~39022769~~28522873 0.00000000 ~~934~~924.~~95900791~~20208688 30-PO 0.00000000 0.00000000 0.00000000 0.00000000 ~~989~~983.~~84726012~~10450753 B-1 0.00000000 0.00000000 4.~~56946429~~56476998 0.00000000 ~~995~~994.~~94950363~~91248789 B-2 0.00000000 0.00000000 4.~~56946702~~56477015 0.00000000 ~~995~~994.~~94950033~~91248501 B-3 0.00000000 0.00000000 4.~~56945792~~56476462 0.00000000 ~~995~~994.~~94950071~~91248217 B-4 0.00000000 0.00000000 4.~~56945792~~56476462 0.00000000 ~~995~~994.~~94950071~~91248217 B-5 0.00000000 0.00000000 4.~~56946000~~56476000 0.00000000 ~~995~~994.~~94950000~~91248000 B-6 0.00000000 0.00000000 4.~~56946295~~56477904 0.00000000 ~~995~~994.~~94998522~~91294916 (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.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 4,~~134~~678,~~153~~453.8679 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,~~134~~678,~~153~~453.8679 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 42,~~713~~006.9939 Payment of Interest and Principal 4,~~091~~636,~~439~~447.8740 Total Withdrawals (Pool Distribution Amount) 4,~~134~~678,~~153~~453.8679 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 39,~~768~~106.0186 Securities Administrator Fee 2,~~783~~737.7648 WMMSC Master Servicing Fee 162.2205 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 42,~~713~~006.9939

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT ~~DELINQUENCY STATUS~~ DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 52 0 0 0 5 2 901,~~435,815~~643.3500 0.00 0.00 0.00 2901,~~435,815~~643.3500 60 Days 01 0 0 0 01 0426,282.0086 0.00 0.00 0.00 0426,282.0086 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 53 0 0 0 53 21,~~435~~327,~~815~~925.3586 0.00 0.00 0.00 21,~~435~~327,~~815~~925.3586 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 10.~~428571~~581395% 0.000000% 0.000000% 0.000000% 10.~~428571~~581395% 10.~~296518~~489641% 0.000000% 0.000000% 0.000000% 10.~~296518~~489641% 60 Days 0.~~000000~~290698% 0.000000% 0.000000% 0.000000% 0.~~000000~~290698% 0.~~000000~~231495% 0.000000% 0.000000% 0.000000% 0.~~000000~~231495% 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 10.~~428571~~872093% 0.000000% 0.000000% 0.000000% 10.~~428571~~872093% 10.~~296518~~721135% 0.000000% 0.000000% 0.000000% 10.~~296518~~721135%

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 6.~~039010~~036726% Weighted Average Pass-Through Rate 5.~~770490~~768190% Weighted Average Maturity(Stepdown Calculation ) ~~353~~352 Beginning Scheduled Collateral Loan Count ~~355~~350 Number Of Loans Paid In Full 56 Ending Scheduled Collateral Loan Count ~~350~~344 Beginning Scheduled Collateral Balance ~~190~~187,~~886~~712,~~448~~931.1884 Ending Scheduled Collateral Balance ~~187~~183,~~712~~978,~~931~~787.8457 Ending Actual Collateral Balance at 2931-~~Apr~~May-2005 ~~187~~184,~~873~~143,~~690~~791.8849 Monthly P &I Constant 1,~~156~~139,~~829~~787.5117 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 4,~~051~~594,~~738~~182.3065 Class AP Deferred Amount 0.00 Scheduled Principal ~~196~~195,~~191~~477.9363 Unscheduled Principal 23,~~977~~538,~~324~~666.4164

Miscellaneous Reporting Senior Percentage 96.~~331306~~272980% Senior Prepayment Percentage 100.000000% Subordinate Percentage 3.~~668694~~727020% Subordinate Prepayment Percentage 0.000000% CPR Percentage 1720.~~208017~~436725%

Filing Compare · Banc of America Funding Corp. 2005-1 Trust