8-K 1 baf05001_10508.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): August 25, 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 August 25, 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 August 25, 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: 8/25/2005 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 August 25, 2005 distribution. EX-99.1

Banc of America Funding Corporation Mortgage Pass-Through Certificates Record Date: 67/3029/2005 Distribution Date: 78/25/2005 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 Class CUSIP Description Rate Balance Distribution 1-A-1 05946XPV9 SEN 5.50000% 20,021,000.00 91,762.92 1-A-2 05946XPW7 SEN 5.50000% 1,505,000.00 6,897.92 1-A-3 05946XPX5 SEN 5.50000% 5,076,000.00 23,265.00 1-A-4 05946XPY3 SEN 5.50000% 3,619,000.00 16,587.08 1-A-5 05946XPZ0 SEN 5.50000% 2,059,000.00 9,437.08 1-A-6 05946XQA4 SEN 5.50000% 3,741,000.00 17,146.25 1-A-7 05946XQB2 SEN 5.50000% ~~129~~125,~~109~~934,~~957~~549.4785 ~~591~~577,~~753~~200.9702 1-A-8 05946XQC0 SEN 5.50000% 5,370,000.00 24,612.50 1-A-9 05946XQD8 SEN 5.50000% 5,067,000.00 23,223.75 1-A-10 05946XQE6 SEN 5.50000% 1,000,000.00 4,583.33 1-A-R 05946XQH9 SEN 5.50000% 0.00 0.0010 30-IO 05946XQF3 IO 5.50000% 0.00 4342,~~469~~071.5045 30-PO 05946XQG1 PO 0.00000% ~~438~~418,~~451~~227.8368 0.00 B-1 05946XQJ5 SUB 5.50000% 3,~~287~~283,~~190~~695.8622 15,~~066~~050.2927 B-2 05946XQK2 SUB 5.50000% 1,~~493~~491,~~363~~775.6458 6,~~844~~837.5830 B-3 05946XQL0 SUB 5.50000% ~~697~~696,~~433~~691.6599 3,~~196~~193.5717 B-4 05946XQM8 SUB 5.50000% ~~697~~696,~~433~~691.6599 3,~~196~~193.5717 B-5 05946XQN6 SUB 5.50000% ~~497~~496,~~456~~927.24 2,~~280~~277.0158 B-6 05946XQP1 SUB 5.50000% 299,~~499~~181.6417 1,~~372~~371.7125 Totals ~~183~~180,~~978~~775,~~786~~740.9872 ~~884~~868,~~696~~710.0314

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 34,~~175~~250,~~407~~306.6290 0.00 ~~125~~121,~~934~~684,~~549~~242.8594 34,~~767~~827,~~161~~506.5992 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 0.0010 0.00 30-IO 0.00 0.00 0.00 4342,~~469~~071.5045 0.00 30-PO 201,~~224~~712.1554 0.00 ~~418~~416,~~227~~515.6814 201,~~224~~712.1554 0.00 B-1 3,~~495~~434.6441 0.00 3,~~283~~280,~~695~~260.2281 18,~~561~~484.9368 0.00 B-2 1,~~588~~560.0624 0.00 1,~~491~~490,~~775~~215.5834 8,~~432~~397.6454 0.00 B-3 ~~741~~728.6667 0.00 ~~696~~695,~~691~~963.9933 3,~~938~~921.2384 0.00 B-4 ~~741~~728.6667 0.00 ~~696~~695,~~691~~963.9933 3,~~938~~921.2384 0.00 B-5 ~~529~~519.0073 0.00 496,~~927~~407.2451 2,~~809~~797.0131 0.00 B-6 ~~318~~312.4791 0.00 ~~299~~298,~~181~~868.1726 1,~~691~~684.1816 0.00 Totals 34,~~203~~259,~~046~~304.2607 0.00 ~~180~~176,~~775~~516,~~740~~436.7266 45,~~087~~128,~~742~~014.2921 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 ~~129~~125,~~109~~934,~~957~~549.4785 ~~187~~181,~~764~~350.3577 24,~~987~~068,~~643~~956.2713 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 ~~438~~418,~~451~~227.8368 ~~483~~461.9038 191,~~740~~251.2516 0.00 0.00 B-1 3,304,000.00 3,~~287~~283,~~190~~695.8622 3,~~495~~434.6441 0.00 0.00 0.00 B-2 1,501,000.00 1,~~493~~491,~~363~~775.6458 1,~~588~~560.0624 0.00 0.00 0.00 B-3 701,000.00 ~~697~~696,~~433~~691.6599 ~~741~~728.6667 0.00 0.00 0.00 B-4 701,000.00 ~~697~~696,~~433~~691.6599 ~~741~~728.6667 0.00 0.00 0.00 B-5 500,000.00 ~~497~~496,~~456~~927.24 ~~529~~519.0073 0.00 0.00 0.00 B-6 301,031.00 299,~~499~~181.6417 ~~318~~312.4791 0.00 0.00 0.00 Totals 200,205,118.00 ~~183~~180,~~978~~775,~~786~~740.9872 ~~195~~189,~~662~~096.7478 34,~~007~~070,~~383~~207.5229 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 34,~~175~~250,~~407~~306.6290 ~~125~~121,~~934~~684,~~549~~242.8594 0.~~86676268~~83750933 34,~~175~~250,~~407~~306.6290 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 201,~~224~~712.1554 ~~418~~416,~~227~~515.6814 0.~~93775756~~93391767 201,~~224~~712.1554 B-1 3,~~495~~434.6441 3,~~283~~280,~~695~~260.2281 0.~~99385449~~99281502 3,~~495~~434.6441 B-2 1,~~588~~560.0624 1,~~491~~490,~~775~~215.5834 0.~~99385448~~99281502 1,~~588~~560.0624 B-3 ~~741~~728.6667 ~~696~~695,~~691~~963.9933 0.~~99385448~~99281502 ~~741~~728.6667 B-4 ~~741~~728.6667 ~~696~~695,~~691~~963.9933 0.~~99385448~~99281502 ~~741~~728.6667 B-5 ~~529~~519.0073 496,~~927~~407.2451 0.~~99385448~~99281502 ~~529~~519.0073 B-6 ~~318~~312.4791 ~~299~~298,~~181~~868.1726 0.~~99385502~~99281556 ~~318~~312.4791 Totals 34,~~203~~259,~~046~~304.2607 ~~180~~176,~~775~~516,~~740~~436.7266 0.~~90295264~~88167794 34,~~203~~259,~~046~~304.2607

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 ~~888~~866.~~61787884~~76267852 1.~~29231518~~24817280 2028.~~56288514~~00517664 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 ~~983~~937.~~10450753~~75755796 1.~~08500920~~03451446 442.~~26194037~~80537325 0.00000000 B-1 3,304,000.00 ~~994~~993.~~91248789~~85448547 1.~~05800242~~03947034 0.00000000 0.00000000 B-2 1,501,000.00 ~~994~~993.~~91248501~~85448368 1.~~05800133~~03946702 0.00000000 0.00000000 B-3 701,000.00 ~~994~~993.~~91248217~~85447932 1.~~05800285~~03947218 0.00000000 0.00000000 B-4 701,000.00 ~~994~~993.~~91248217~~85447932 1.~~05800285~~03947218 0.00000000 0.00000000 B-5 500,000.00 ~~994~~993.~~91248000~~85448000 1.~~05800000~~03946000 0.00000000 0.00000000 B-6 301,031.00 ~~994~~993.~~91294916~~85501825 1.~~05793091~~03946105 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 2129.~~85520032~~25334944 ~~866~~837.~~76267852~~50932901 0.~~86676268~~83750933 2129.~~85520032~~25334944 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 453.~~34694957~~83988771 ~~937~~933.~~75755796~~91767025 0.~~93775756~~93391767 453.~~34694957~~83988771 B-1 0.00000000 1.~~05800242~~03947034 ~~993~~992.~~85448547~~81501513 0.~~99385449~~99281502 1.~~05800242~~03947034 B-2 0.00000000 1.~~05800133~~03946702 ~~993~~992.~~85448368~~81501666 0.~~99385448~~99281502 1.~~05800133~~03946702 B-3 0.00000000 1.~~05800285~~03947218 ~~993~~992.~~85447932~~81502140 0.~~99385448~~99281502 1.~~05800285~~03947218 B-4 0.00000000 1.~~05800285~~03947218 ~~993~~992.~~85447932~~81502140 0.~~99385448~~99281502 1.~~05800285~~03947218 B-5 0.00000000 1.~~05800000~~03946000 ~~993~~992.~~85448000~~81502000 0.~~99385448~~99281502 1.~~05800000~~03946000 B-6 0.00000000 1.~~05793091~~03946105 ~~993~~992.~~85501825~~81555720 0.~~99385502~~99281556 1.~~05793091~~03946105 (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% ~~129~~125,~~109~~934,~~957~~549.4785 ~~591~~577,~~753~~200.9702 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,~~484~~179,~~255~~226.1640 4342,~~469~~071.5045 0.00 0.00 30-PO 445,987.00 0.00000% ~~438~~418,~~451~~227.8368 0.00 0.00 0.00 B-1 3,304,000.00 5.50000% 3,~~287~~283,~~190~~695.8622 15,~~066~~050.2927 0.00 0.00 B-2 1,501,000.00 5.50000% 1,~~493~~491,~~363~~775.6458 6,~~844~~837.5830 0.00 0.00 B-3 701,000.00 5.50000% ~~697~~696,~~433~~691.6599 3,~~196~~193.5717 0.00 0.00 B-4 701,000.00 5.50000% ~~697~~696,~~433~~691.6599 3,~~196~~193.5717 0.00 0.00 B-5 500,000.00 5.50000% ~~497~~496,~~456~~927.24 2,~~280~~277.0158 0.00 0.00 B-6 301,031.00 5.50000% 299,~~499~~181.6417 1,~~372~~371.7125 0.00 0.00 Totals 200,205,118.00 ~~884~~868,~~696~~710.0304 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 ~~591~~577,~~753~~200.9702 0.00 ~~125~~121,~~934~~684,~~549~~242.8594 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 4342,~~469~~071.5045 0.00 98,~~179~~919,~~226~~565.4069 30-PO 0.00 0.00 0.00 0.00 ~~418~~416,~~227~~515.6814 B-1 0.00 0.00 15,~~066~~050.2927 0.00 3,~~283~~280,~~695~~260.2281 B-2 0.00 0.00 6,~~844~~837.5830 0.00 1,~~491~~490,~~775~~215.5834 B-3 0.00 0.00 3,~~196~~193.5717 0.00 ~~696~~695,~~691~~963.9933 B-4 0.00 0.00 3,~~196~~193.5717 0.00 ~~696~~695,~~691~~963.9933 B-5 0.00 0.00 2,~~280~~277.0158 0.00 496,~~927~~407.2451 B-6 0.00 0.00 1,~~372~~371.7125 0.00 ~~299~~298,~~181~~868.1726 Totals 0.00 0.00 ~~884~~868,~~696~~710.0314 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% ~~888~~866.~~61787884~~76267852 43.~~07283193~~97266228 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% ~~924~~894.~~20208688~~47827497 4.~~23592596~~09969167 0.00000000 0.00000000 30-PO 445,987.00 0.00000% ~~983~~937.~~10450753~~75755796 0.00000000 0.00000000 0.00000000 B-1 3,304,000.00 5.50000% ~~994~~993.~~91248789~~85448547 4.~~56001513~~55516646 0.00000000 0.00000000 B-2 1,501,000.00 5.50000% ~~994~~993.~~91248501~~85448368 4.~~56001332~~55516322 0.00000000 0.00000000 B-3 701,000.00 5.50000% ~~994~~993.~~91248217~~85447932 4.~~56001427~~55516405 0.00000000 0.00000000 B-4 701,000.00 5.50000% ~~994~~993.~~91248217~~85447932 4.~~56001427~~55516405 0.00000000 0.00000000 B-5 500,000.00 5.50000% ~~994~~993.~~91248000~~85448000 4.~~56002000~~55516000 0.00000000 0.00000000 B-6 301,031.00 5.50000% ~~994~~993.~~91294916~~85501825 4.~~56002870~~55517870 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 43.~~07283193~~97266228 0.00000000 ~~866~~837.~~76267852~~50932901 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.~~23592596~~09969167 0.00000000 ~~894~~869.~~47827497~~17539498 30-PO 0.00000000 0.00000000 0.00000000 0.00000000 ~~937~~933.~~75755796~~91767025 B-1 0.00000000 0.00000000 4.~~56001513~~55516646 0.00000000 ~~993~~992.~~85448547~~81501513 B-2 0.00000000 0.00000000 4.~~56001332~~55516322 0.00000000 ~~993~~992.~~85448368~~81501666 B-3 0.00000000 0.00000000 4.~~56001427~~55516405 0.00000000 ~~993~~992.~~85447932~~81502140 B-4 0.00000000 0.00000000 4.~~56001427~~55516405 0.00000000 ~~993~~992.~~85447932~~81502140 B-5 0.00000000 0.00000000 4.~~56002000~~55516000 0.00000000 ~~993~~992.~~85448000~~81502000 B-6 0.00000000 0.00000000 4.~~56002870~~55517870 0.00000000 ~~993~~992.~~85501825~~81555720 (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 45,~~128~~168,~~899~~420.0589 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 45,~~128~~168,~~899~~420.0589 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 4140,~~156~~406.7668 Payment of Interest and Principal 45,~~087~~128,~~742~~014.2921 Total Withdrawals (Pool Distribution Amount) 45,~~128~~168,~~899~~420.0589 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 3837,~~328~~661.9161 Securities Administrator Fee 2,~~683~~636.0231 WMMSC Master Servicing Fee ~~144~~108.8376 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 4140,~~156~~406.7668

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT 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 35 0 0 0 35 12,~~694~~778,~~887~~460.9608 0.00 0.00 0.00 12,~~694~~778,~~887~~460.9608 60 Days 01 0 0 0 01 0784,319.0056 0.00 0.00 0.00 0784,319.0056 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 36 0 0 0 36 13,~~694~~562,~~887~~779.9664 0.00 0.00 0.00 13,~~694~~562,~~887~~779.9664 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 01.~~892857~~519757% 0.000000% 0.000000% 0.000000% 01.~~892857~~519757% 01.~~936768~~572642% 0.000000% 0.000000% 0.000000% 01.~~936768~~572642% 60 Days 0.~~000000~~303951% 0.000000% 0.000000% 0.000000% 0.~~000000~~303951% 0.~~000000~~443934% 0.000000% 0.000000% 0.000000% 0.~~000000~~443934% 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 01.~~892857~~823708% 0.000000% 0.000000% 0.000000% 01.~~892857~~823708% 02.~~936768~~016576% 0.000000% 0.000000% 0.000000% 02.~~936768~~016576%

REO Detail - All Mortgage Loans in REO during Current Period

Summary 12 Month REO History* New REO Loans Month REO Percentage Loans in REO 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current REO Total ~~Dec~~Jan-0405 0.000% Loans in REO 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Summary 12 Month Foreclosure History* New Foreclosure Loans Month Foreclosure Percentage Loans in Foreclosure 0 ~~Aug~~Sep-04 0.000% Original Principal Balance 0.00 ~~Sep~~Oct-04 0.000% Current Principal Balance 0.00 ~~Oct~~Nov-04 0.000% ~~Nov~~Dec-04 0.000% Current Foreclosure Total ~~Dec~~Jan-0405 0.000% Loans in Foreclosure 0 ~~Jan~~Feb-05 0.000% Original Principal Balance 0.00 ~~Feb~~Mar-05 0.000% Current Principal Balance 0.00 ~~Mar~~Apr-05 0.000% ~~Apr~~May-05 0.000% ~~May~~Jun-05 0.000% ~~Jun~~Jul-05 0.000% ~~Jul~~Aug-05 0.000% *The text reported in the above table is presented graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at www.ctslink.com.

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 6.~~038867~~034771% Weighted Average Pass-Through Rate 5.~~770422~~766549% Weighted Average Maturity(Stepdown Calculation) ~~351~~350 Beginning Scheduled Collateral Loan Count ~~344~~336 Number Of Loans Paid In Full 87 Ending Scheduled Collateral Loan Count ~~336~~329 Beginning Scheduled Collateral Balance ~~183~~180,~~978~~775,~~787~~741.5729 Ending Scheduled Collateral Balance ~~180~~176,~~775~~516,~~741~~437.2921 Ending Actual Collateral Balance at 3029-~~Jun~~Jul-2005 ~~180~~176,~~929~~674,~~341~~699.4643 Monthly P&I Constant 1,~~121~~098,~~515~~213.5961 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 45,~~028~~087,~~146~~094.9220 Class AP Deferred Amount 0.00 Scheduled Principal ~~195~~189,~~662~~096.7679 Unscheduled Principal 34,~~007~~070,~~383~~207.5229

Miscellaneous Reporting Senior Percentage 96.~~201174~~138246% Senior Prepayment Percentage 100.000000% Subordinate Percentage 3.~~798826~~861754% Subordinate Prepayment Percentage 0.000000% CPR Percentage 1723.~~962156~~933349%

Prepayment Detail - Prepayments during Current Period Summary Loans Paid In Full Repurchased Loans Original Current Original Current Principal Principal Principal Principal Group Count Balance Balance Count Balance Balance Total 87 34,~~802~~065,~~220~~833.00 24,~~959~~033,~~048~~684.1639 0 0.00 0.00

Prepayment Detail - Prepayments during Current Period (continued) Summary Substitution Loans Liquidated Loans Curtailments Original Current Original Current Principal Principal Principal Principal Curtailment Group Count Balance Balance Count Balance Balance Amount Total 0 0.00 0.00 0 0.00 0.00 5640,~~151~~010.6098

Prepayment Loan Detail - Prepayments during Current Period First Original Loan LTV at Payment Principal Prepayment Group Number State Origination Date Balance Amount Summary ~~0003690919~~0003594432 CA 6775.1300 01-~~Jan~~Nov-~~2005~~2004 ~~369~~525,~~200~~000.00 ~~366~~519,~~537~~654.8331 Summary ~~0066594984~~0003614370 NHCA 8067.0008 01-~~Oct~~Dec-2004 ~~399~~805,~~920~~000.00 ~~396~~794,~~388~~686.3380 Summary ~~0067034860~~0003677889 CA 8075.00 01-~~Oct~~Jan-~~2004~~2005 ~~424~~564,~~000~~750.00 ~~419~~560,~~836~~063.4198 Summary ~~0068183141~~0058514141 SCCA 80.00 01-~~Oct~~Aug-2004 ~~345~~681,~~600~~500.00 ~~342~~681,~~398.45 Summary 0W01676127 OR 73.23 01-Jul-2003 351,~~500.00 ~~341,192.12~~ Summary ~~0W01762080~~0139424873 CA 80.00 01-~~Jul~~Oct-2004 ~~512~~634,~~000~~083.00 ~~505~~627,~~708~~128.6510 Summary ~~6082361368~~1233237250 MACA 6680.6700 01-~~Jan~~Dec-~~2005~~2004 ~~400~~464,000.00 ~~397~~459,~~170~~657.3799 Summary ~~6621882445~~1595818825 NVCA 7890.4300 01-~~Feb~~Dec-~~2005~~2004 1391,~~000,000~~500.00 ~~181~~387,~~999~~505.7613

Prepayment Loan Detail - Prepayments during Current Period (continued) Current Loan PIF Months Loan Original Group Number Type Delinquent Rate Term Seasoning Summary ~~0003690919~~0003594432 Loan Paid in Full 0 6.~~125~~000% 360 69 Summary ~~0066594984~~0003614370 Loan Paid in Full 0 6.~~750~~500% 360 98 Summary ~~0067034860~~0003677889 Loan Paid in Full 0 65.~~375~~875% 360 97 Summary ~~0068183141~~0058514141 Loan Paid in Full 0 6.~~500~~250% 360 912 Summary ~~0W01676127~~0139424873 Loan Paid in Full 0 ~~5.500% 360 24 Summary 0W01762080 Loan Paid in Full 0~~ 6.~~750~~125% 360 1210 Summary ~~6082361368~~1233237250 Loan Paid in Full 0 65.~~000~~875% 360 68 Summary ~~6621882445~~1595818825 Loan Paid in Full 0 5.~~875~~750% 360 58

Prepayment - Voluntary Prepayments

Summary SMM CPR PSA Current Month 12.~~636~~254% Current Month 1723.~~962~~933% Current Month 1,~~235~~449.~~219~~690% 3 Month Average 1.~~695~~926% 3 Month Average 1820.~~536~~777% 3 Month Average 1,~~489~~434.~~781~~036% 12 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CPR: Current vs 12mo Average* PSA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 4.930% N/A Feb-2005 1,068.421% N/A Mar-2005 13.002% N/A Mar-2005 1,966.506% N/A Apr-2005 29.231% N/A Apr-2005 3,373.974% N/A May-2005 17.208% N/A May-2005 1,616.923% N/A Jun-2005 20.437% N/A Jun-2005 1,617.200% N/A Jul-2005 17.962% N/A Jul-2005 1,235.219% N/A Aug-2005 23.933% N/A Aug-2005 1,449.690% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Single Month Mortality (SMM): (Partial and full prepayments + Repurchases) / (Beginning Scheduled Balance - Scheduled Principal) Conditional PrePayment Rate (CPR): 1 - ((1 - SMM)^12) PSA Standard Prepayment Model: 100 * CPR / (0.2 * MIN(30,WAS)) Weighted Average Seasoning (WAS): sum((Original Term - Remaining Term)*(Current Scheduled Balance/Deal Scheduled Principal Balance))

Realized Loss Report - Collateral Summary

MDR SDA Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% MDR: Current vs 12mo Average* SDA: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% N/A Mar-2005 0.000% N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. CDR Loss Severity Approximation Current Month 0.000% Current Month 0.000% 3 Month Average 0.000% 3 Month Average 0.000% 12 Month Average 0.000% 12 Month Average 0.000% CDR: Current vs 12mo Average* Loss Severity: Current vs 12mo Average* Month Current 12mo Avg. Month Current 12mo Avg. ~~Aug-2004 N/A N/A Aug-2004 N/A N/A~~ Sep-2004 N/A N/A Sep-2004 N/A N/A Oct-2004 N/A N/A Oct-2004 N/A N/A Nov-2004 N/A N/A Nov-2004 N/A N/A Dec-2004 N/A N/A Dec-2004 N/A N/A Jan-2005 N/A N/A Jan-2005 N/A N/A Feb-2005 0.000% N/A Feb-2005 0.000% N/A Mar-2005 0.000% N/A Mar-2005 0.000% N/A Apr-2005 0.000% N/A Apr-2005 0.000% N/A May-2005 0.000% N/A May-2005 0.000% N/A Jun-2005 0.000% N/A Jun-2005 0.000% N/A Jul-2005 0.000% N/A Jul-2005 0.000% N/A Aug-2005 0.000% N/A Aug-2005 0.000% N/A *The text reported in the above table is presented *The text reported in the above table is presented graphically on the monthly bond remittance report. The graphically on the monthly bond remittance report. The monthly bond remittance report can be viewed online at monthly bond remittance report can be viewed online at www.ctslink.com. www.ctslink.com. Calculation Methodology: Monthly Default Rate (MDR): sum(Beg Principal Balance of Liquidated Loans)/ sum(Beg Principal Balance). Conditional Default Rate (CDR): 1-((1-MDR)^12) SDA Standard Default Assumption: If WAS is less than or equal to 30 then CDR/(WAS*0.02) else if WAS is greater than 30 and less than or equal to 60 then CDR/0.6 else if WAS is greater than 60 and less than or equal to 120 then CDR/(0.6 - ((WAS-60)*0.0095)) else if WAS is greater than 120 then CDR/0.03 Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

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