8-K 1 baf05003_8k-200512.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): December 27, 2005 BANC OF AMERICA FUNDING CORPORATION Mortgage Pass-Through Certificates, Series 2005-3 (Exact name of registrant as specified in its charter) New York (governing law of 333-121559-04 Pooling and Servicing Agreement) (Commission 54-2173213 (State or other File Number) 54-2173214 jurisdiction IRS EIN 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 December 27, 2005 a distribution was made to holders of BANC OF AMERICA FUNDING CORPORATION, Mortgage Pass-Through Certificates, Series 2005-3 Trust. ITEM 9.01 Financial Statements and Exhibits 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 2005-3 Trust, relating to the December 27, 2005 distribution. EX-99.2 Monthly report distributed to holders of Banc of America Mortgage Securities, Inc., Mortgage Pass-Through Certificates, Series 2004-11, relating to the December 27, 2005 distribution and information relating to the BOAMS 2004-11 Mortgage Loans as of December 1, 2005. EX-99.3 Monthly report distributed to holders of Banc of America Mortgage Securities, Inc., Mortgage Pass-Through Certificates, Series 2005-1, relating to the December 27, 2005 distribution and information relating to the BOAMS 2005-1 Mortgage Loans as of December 1, 2005. EX-99.4 Monthly report distributed to holders of Banc of America Mortgage Securities, Inc., Mortgage Pass-Through Certificates, Series 2005-2, relating to the December 27, 2005 distribution and information relating to the BOAMS 2005-2 Mortgage Loans as of December 1, 2005. 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 2005-3 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 12/29/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2005-3 Trust, relating to the December 27, 2005 distribution. EX-99.2 Monthly report distributed to holders of Banc of America Mortgage Securities, Inc., Mortgage Pass-Through Certificates, Series 2004-11, relating to the December 27, 2005 distribution and information relating to the BOAMS 2004-11 Mortgage Loans as of December 1, 2005. EX-99.3 Monthly report distributed to holders of Banc of America Mortgage Securities, Inc., Mortgage Pass-Through Certificates, Series 2005-1, relating to the December 27, 2005 distribution and information relating to the BOAMS 2005-1 Mortgage Loans as of December 1, 2005. EX-99.4 Monthly report distributed to holders of Banc of America Mortgage Securities, Inc., Mortgage Pass-Through Certificates, Series 2005-2, relating to the December 27, 2005 distribution and information relating to the BOAMS 2005-2 Mortgage Loans as of December 1, 2005. EX-99.1 Banc of America Funding Corporation Mortgage Pass-Through Certificates Record Date: 11/30/2005 Distribution Date: 12/27/2005 Banc of America Funding Corporation Mortgage Pass-Through Certificates Series BAFC 2005-3 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

REO Detail - All Mortgage Loans in REO during Current Period

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

Prepayment - Voluntary Prepayments

EX-99.2 Banc of America Mortgage Securities, Inc. Mortgage Pass-Through Certificates Record Date: 11/30/2005 Distribution Date: 12/27/2005 Banc of America Mortgage Securities, Inc. Mortgage Pass-Through Certificates Series 2004-11 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

REO Detail - All Mortgage Loans in REO during Current Period

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

Prepayment - Voluntary Prepayments

EX-99.3 Banc of America Mortgage Securities, Inc. Mortgage Pass-Through Certificates Record Date: 11/30/2005 Distribution Date: 12/27/2005 Banc of America Mortgage Securities, Inc. 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

REO Detail - All Mortgage Loans in REO during Current Period

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

Prepayment - Voluntary Prepayments

BoAMS 05-01 Group 1 1. Group 1 Summary as of December 1, 2005 Number of Mortgage Loans: 459 Aggregate Unpaid Principal Balance: $223,029,244.65 Range of Unpaid Principal Balance: $147,037.31 to $1,381,303.14 Average Unpaid Principal Balance: $485,902.49 Range of Current Interest Rates: 5.250% to 6.375% W.A. Current Interest Rate: 5.795% W.A. Administrative Fee: 0.2575% Range of Remaining Terms to Stated Maturity: 228 to 349 months W.A. Remaining Term to Stated Maturity: 346 months Range of Original Terms: 240 to 360 months W.A. Original Term: 357 months Range of Loan Age: 11 to 15 months W.A. Loan Age: 12 months Range of Original Loan-to-Valuation Ratio: 24.55% to 95.00% W.A. Original Loan-to-Valuation Ratios: 68.35% Range of Credit Scores: 626 to 842 W.A. Credit Score: 752 Latest Maturity Date: 2035-01-01 2. Geographic Concentration Geographic Concentration Percent California 48.86% Virginia 7.17 Florida 6.55 Maryland 5.25 North Carolina 3.21 Other 28.97 Total: 100.00% 3. Max Zip Concentration Maximum Single Zip Code Concentration: 0.73% 1. Occupancy of Mortgaged Properties Percent of Number of Group 1 Aggregate Aggregate Mortgage Loans Principal Balance Principal Balance Occupancy of Mortgaged Properties as of December 1, 2005 as of December 1, 2005 as of December 1, 2005 Primary Residence 433 $210,901,488.13 94.56% Second Home 26 12,127,756.52 5.44 Total: 459 $223,029,244.65 100.00% (1) Based solely on representations of the mortgagor at the time of origination of the related Group 1 Mortgage Loan. 2. Property Types Percent of Number of Group 1 Aggregate Aggregate Mortgage Loans Principal Balance Principal Balance Property Types as of December 1, 2005 as of December 1, 2005 as of December 1, 2005 Single Family Residence 328 $158,384,232.09 71.02% PUD-Detached 91 47,216,348.49 21.17 Condominium 31 13,747,566.47 6.16 PUD-Attached 5 1,991,395.71 0.89 2-Family 2 825,555.61 0.37 3-Family 1 493,859.85 0.22 Townhouse 1 370,286.43 0.17 Total: 459 $223,029,244.65 100.00% 3. Mortgage Loan Purposes Percent of Number of Group 1 Aggregate Aggregate Mortgage Loans Principal Balance Principal Balance Mortgage Loan Purposes as of December 1, 2005 as of December 1, 2005 as of December 1, 2005 Purchase 215 $104,831,799.87 47.00% Refinance-Rate/Term 161 81,882,279.50 36.71 Refinance-Cashout 83 36,315,165.28 16.28 Total: 459 $223,029,244.65 100.00% 4. Geographical Distribution of the Mortgaged Properties Percent of Number of Group 1 Aggregate Aggregate Mortgage Loans Principal Balance Principal Balance Geographical Distribution of the Mortgaged Properties as of December 1, 2005 as of December 1, 2005 as of December 1, 2005 Alabama 2 $720,792.77 0.32% Arizona 6 2,512,323.47 1.13 Arkansas 1 568,256.80 0.25 California 229 108,961,937.20 48.86 Colorado 3 2,197,771.90 0.99 Connecticut 3 1,145,697.92 0.51 District of Columbia 4 2,491,460.24 1.12 Florida 29 14,599,828.81 6.55 Georgia 9 3,658,641.33 1.64 Illinois 9 5,593,569.27 2.51 Indiana 1 457,451.48 0.21 Kansas 1 641,417.02 0.29 Louisiana 1 397,379.48 0.18 Maryland 22 11,708,201.90 5.25 Massachusetts 12 6,570,285.15 2.95 Minnesota 2 1,031,864.83 0.46 Missouri 1 366,538.07 0.16 Nevada 10 5,037,380.45 2.26 New Jersey 6 2,882,621.63 1.29 New Mexico 1 616,687.94 0.28 New York 10 4,868,098.21 2.18 North Carolina 16 7,163,513.71 3.21 Ohio 2 867,751.18 0.39 Oklahoma 2 1,112,109.31 0.50 Oregon 6 2,759,841.25 1.24 Pennsylvania 4 2,038,282.60 0.91 Rhode Island 1 531,522.80 0.24 South Carolina 8 3,880,332.43 1.74 Tennessee 2 1,114,612.42 0.50 Texas 8 4,025,811.08 1.81 Utah 1 717,084.59 0.32 Vermont 1 452,951.30 0.20 Virginia 34 15,991,571.24 7.17 Washington 12 5,345,654.87 2.40 Total: 459 $223,029,244.65 100.00% (1) As of December 1, 2005, no more than approximately 0.73% of the Group 1 Mortgage Loans were secured by mortgaged properties in any one five-digit postal zip code. 5. Current Group Mortgage Loan Principal Balances Percent of Number of Group 1 Aggregate Aggregate Mortgage Loans Principal Balance Principal Balance Current Group Mortgage Loan Principal Balances as of December 1, 2005 as of December 1, 2005 as of December 1, 2005 100,000.01 - 150,000.00 1 $147,037.31 0.07% 200,000.01 - 250,000.00 1 233,277.26 0.10 250,000.01 - 300,000.00 2 563,698.67 0.25 300,000.01 - 350,000.00 2 699,788.53 0.31 350,000.01 - 400,000.00 128 48,257,355.95 21.64 400,000.01 - 450,000.00 92 39,142,203.98 17.55 450,000.01 - 500,000.00 86 40,905,689.99 18.34 500,000.01 - 550,000.00 56 29,297,660.22 13.14 550,000.01 - 600,000.00 27 15,508,989.65 6.95 600,000.01 - 650,000.00 21 13,090,703.78 5.87 650,000.01 - 700,000.00 12 8,162,980.24 3.66 700,000.01 - 750,000.00 12 8,763,764.83 3.93 750,000.01 - 800,000.00 5 3,889,269.74 1.74 800,000.01 - 850,000.00 1 842,578.67 0.38 850,000.01 - 900,000.00 2 1,783,335.50 0.80 900,000.01 - 950,000.00 1 937,778.86 0.42 950,000.01 - 1,000,000.00 7 6,879,843.45 3.08 1,000,000.01 - 1,500,000.00 3 3,923,288.02 1.76 Total: 459 $223,029,244.65 100.00% (1) As of the December 1, 2005, the average outstanding principal balance of the Group Mortgage Loans was approximately $485,902. 6. Original Loan-to-Value Ratios Percent of Number of Group 1 Aggregate Aggregate Mortgage Loans Principal Balance Principal Balance Original Loan-to-Value Ratios as of December 1, 2005 as of December 1, 2005 as of December 1, 2005 20.01 - 25.00 1 $533,053.23 0.24% 25.01 - 30.00 4 1,862,795.08 0.84 30.01 - 35.00 3 1,318,137.40 0.59 35.01 - 40.00 11 5,539,900.68 2.48 40.01 - 45.00 8 4,624,985.82 2.07 45.01 - 50.00 24 11,692,713.41 5.24 50.01 - 55.00 24 12,402,042.11 5.56 55.01 - 60.00 32 15,735,180.98 7.06 60.01 - 65.00 40 19,550,192.11 8.77 65.01 - 70.00 67 34,127,507.89 15.30 70.01 - 75.00 38 19,110,392.26 8.57 75.01 - 80.00 203 95,060,499.24 42.62 80.01 - 85.00 1 377,579.36 0.17 85.01 - 90.00 2 728,841.09 0.33 90.01 - 95.00 1 365,423.99 0.16 Total: 459 $223,029,244.65 100.00% (1) As of the December 1, 2005, the weighted average Loan-to-Value Ratio at origination of the Group 1 Mortgage Loans was approximately 68.35%. 7. Current Mortgage Interest Rates Percent of Number of Group 1 Aggregate Aggregate Mortgage Loans Principal Balance Principal Balance Current Mortgage Interest Rates as of December 1, 2005 as of December 1, 2005 as of December 1, 2005 5.001 - 5.250 5 $2,197,646.66 0.99% 5.251 - 5.500 31 15,203,892.45 6.82 5.501 - 5.750 209 104,951,444.70 47.06 5.751 - 6.000 195 91,728,490.11 41.13 6.001 - 6.250 15 6,955,528.35 3.12 6.251 - 6.500 4 1,992,242.38 0.89 Total: 459 $223,029,244.65 100.00% (1) As of the December 1, 2005, the weighted average Current Mortgage Interest Rate of the Group 1 Mortgage Loans was approximately 5.795% per annum. 8. Remaining Terms Percent of Number of Group 1 Aggregate Aggregate Mortgage Loans Principal Balance Principal Balance Remaining Terms as of December 1, 2005 as of December 1, 2005 as of December 1, 2005 221 - 240 9 $3,688,720.25 1.65% 281 - 300 5 2,290,833.44 1.03 341 - 360 445 217,049,690.96 97.32 Total: 459 $223,029,244.65 100.00% (1) As of December 1, 2005, the weighted average remaining term to stated maturity of the Group 1 Mortgage Loans was approximately 346 months. 9. Credit Scores of Mortgagors Percent of Number of Group 1 Aggregate Aggregate Mortgage Loans Principal Balance Principal Balance Credit Scores of Mortgagors as of December 1, 2005 as of December 1, 2005 as of December 1, 2005 801 - 850 42 $19,019,347.90 8.53% 751 - 800 217 107,627,417.87 48.26 701 - 750 140 67,606,724.62 30.31 651 - 700 55 26,660,227.94 11.95 601 - 650 5 2,115,526.32 0.95 Total: 459 $223,029,244.65 100.00% (1) The scores shown are Bureau Credit Scores from Experian (FICO), Equifax (Beacon) and TransUnion (Empirica).

EX-99.4 Banc of America Mortgage Securities, Inc. Mortgage Pass-Through Certificates Record Date: 11/30/2005 Distribution Date: 12/27/2005 Banc of America Mortgage Securities, Inc. Mortgage Pass-Through Certificates Series 2005-2 Contact: CTSLink Customer Service Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 @ www.ctslink.com/cmbs Telephone: (301) 815-6600 Fax: (301) 815-6600

REO Detail - All Mortgage Loans in REO during Current Period

Foreclosure Detail - All Mortgage Loans in Foreclosure during Current Period

Bankruptcy Detail - All Mortgage Loans in Bankruptcy during Current Period

Prepayment - Voluntary Prepayments

BoAMS 2005-2 Group 1 1. Group 1 Summary as of December 1, 2005 Number of Mortgage Loans: 418 Aggregate Unpaid Principal Balance: $217,414,547.84 Range of Unpaid Principal Balance: $244,919.67 to $1,236,971.13 Average Unpaid Principal Balance: $520,130.50 Range of Current Interest Rates: 5.250% to 6.500% W.A. Current Interest Rate: 5.800% W.A. Administrative Fee: 0.2575% Range of Remaining Terms to Stated Maturity: 227 to 350 months W.A. Remaining Term to Stated Maturity: 348 months Range of Original Terms: 240 to 360 months W.A. Original Term: 359 months Range of Loan Age: 10 to 13 months W.A. Loan Age: 11 months Range of Original Loan-to-Valuation Ratio: 9.04% to 95.00% W.A. Original Loan-to-Valuation Ratios: 66.55% Range of Credit Scores: 623 to 828 W.A. Credit Score: 746 Latest Maturity Date: 2035-02-01 2. Geographic Concentration Geographic Concentration Percent California 48.41% Florida 9.16 Maryland 5.00 Virginia 4.83 Massachusetts 3.91 Other 28.69 Total: 100.00% 3. Max Zip Concentration Maximum Single Zip Code Concentration: 1.22% 1. Occupancy of Mortgaged Properties Aggregate Percent of Number of Group 1 Principal Balance Aggregate Mortgage Loans as as of December 1, Principal Balance Occupancy of Mortgaged Properties of December 1, 2005 2005 as of December 1, 2005 Primary Residence 381 $197,828,535.51 90.99% Second Home 37 19,586,012.33 9.01 Total: 418 $217,414,547.84 100.00% (1) Based solely on representations of the mortgagor at the time of origination of the related Group 1 Mortgage Loan. 2. Property Types Percent of Number of Group 1 Aggregate Aggregate Mortgage Loans as Principal Balance Principal Balance Property Types of December 1, 2005 as of December 1, 2005 as of December 1, 2005 Single Family Residence 302 $160,291,809.77 73.73% PUD-Detached 77 39,223,331.83 18.04 Condominium 31 13,794,738.18 6.34 PUD-Attached 5 2,014,460.13 0.93 2-Family 2 1,589,518.15 0.73 Townhouse 1 500,689.78 0.23 Total: 418 $217,414,547.84 100.00% 3. Mortgage Loan Purposes Percent of Number of Group 1 Aggregate Aggregate Mortgage Loans as Principal Balance Principal Balance Mortgage Loan Purposes of December 1, 2005 as of December 1, 2005 as of December 1, 2005 Purchase 186 $93,613,417.77 43.06% Refinance-Rate/Term 140 79,295,051.12 36.47 Refinance-Cashout 92 44,506,078.95 20.47 Total: 418 $217,414,547.84 100.00% 4. Geographical Distribution of the Mortgaged Properties Percent of Number of Group 1 Aggregate Aggregate Geographical Distribution of the Mortgage Loans as Principal Balance Principal Balance Mortgaged Properties of December 1, 2005 as of December 1, 2005 as of December 1, 2005 Arizona 4 $2,158,911.17 0.99% California 189 105,257,889.94 48.41 Colorado 5 2,382,740.60 1.10 Connecticut 2 853,883.07 0.39 Delaware 1 710,961.85 0.33 District of Columbia 3 1,715,824.48 0.79 Florida 44 19,914,027.00 9.16 Georgia 6 2,870,916.18 1.32 Hawaii 1 682,462.19 0.31 Idaho 1 372,914.19 0.17 Illinois 9 5,234,392.85 2.41 Kansas 1 572,665.35 0.26 Maine 4 1,595,139.94 0.73 Maryland 22 10,860,224.64 5.00 Massachusetts 17 8,491,904.45 3.91 Michigan 3 1,700,306.94 0.78 Minnesota 1 989,331.35 0.46 Missouri 1 435,413.84 0.20 Nevada 7 3,472,470.65 1.60 New Hampshire 1 518,626.23 0.24 New Jersey 11 5,089,755.27 2.34 New Mexico 2 1,037,114.07 0.48 New York 8 4,543,440.36 2.09 North Carolina 7 3,063,742.95 1.41 Ohio 1 987,087.19 0.45 Oklahoma 1 541,701.45 0.25 Oregon 4 2,125,628.96 0.98 Rhode Island 1 679,498.64 0.31 South Carolina 7 3,458,694.37 1.59 Tennessee 1 395,508.53 0.18 Texas 8 3,982,394.24 1.83 Utah 2 1,334,801.72 0.61 Vermont 1 478,113.79 0.22 Virginia 23 10,505,955.90 4.83 Washington 14 5,919,946.70 2.72 Wisconsin 5 2,480,156.79 1.14 Total: 418 $217,414,547.84 100.00% (1) As of December 1, 2005, no more than approximately 1.22% of the Group 1 Mortgage Loans were secured by mortgaged properties in any one five-digit postal zip code. 5. Current Group 1 Mortgage Loan Principal Balances Percent of Aggregate Number of Group 1 Aggregate Principal Balance Current Group 1 Mortgage Loan Mortgage Loans as Principal Balance as of December 1, Principal Balances of December 1, 2005 as of December 1, 2005 2005 200,000.01 - 250,000.00 1 $244,919.67 0.11% 300,000.01 - 350,000.00 3 1,001,688.03 0.46 350,000.01 - 400,000.00 99 37,785,908.29 17.38 400,000.01 - 450,000.00 86 36,627,515.05 16.85 450,000.01 - 500,000.00 69 32,832,155.32 15.10 500,000.01 - 550,000.00 40 20,984,037.83 9.65 550,000.01 - 600,000.00 32 18,391,477.96 8.46 600,000.01 - 650,000.00 17 10,626,669.39 4.89 650,000.01 - 700,000.00 17 11,475,016.84 5.28 700,000.01 - 750,000.00 10 7,258,310.76 3.34 750,000.01 - 800,000.00 12 9,251,972.12 4.26 800,000.01 - 850,000.00 5 4,083,937.45 1.88 850,000.01 - 900,000.00 4 3,511,193.99 1.61 900,000.01 - 950,000.00 3 2,807,420.88 1.29 950,000.01 - 1,000,000.00 15 14,751,172.99 6.78 1,000,000.01 - 1,500,000.00 5 5,781,151.27 2.66 Total: 418 $217,414,547.84 100.00% (1) As of December 1, 2005, the average outstanding principal balance of the Group 1 Mortgage Loans was approximately $520,130. 6. Original Loan-to-Value Ratios Percent of Number of Group 1 Aggregate Aggregate Mortgage Loans as Principal Balance Principal Balance Original Loan-to-Value Ratios of December 1, 2005 as of December 1, 2005 as of December 1, 2005 5.01 - 10.00 1 $430,465.98 0.20% 15.01 - 20.00 2 864,166.30 0.40 20.01 - 25.00 3 1,233,610.06 0.57 25.01 - 30.00 2 1,323,011.45 0.61 30.01 - 35.00 4 2,158,938.03 0.99 35.01 - 40.00 7 3,884,785.68 1.79 40.01 - 45.00 17 8,481,901.84 3.90 45.01 - 50.00 23 14,266,174.42 6.56 50.01 - 55.00 27 14,419,633.69 6.63 55.01 - 60.00 35 19,677,714.20 9.05 60.01 - 65.00 37 20,265,793.14 9.32 65.01 - 70.00 52 27,419,018.51 12.61 70.01 - 75.00 46 23,656,004.78 10.88 75.01 - 80.00 149 74,250,453.88 34.15 80.01 - 85.00 1 398,392.02 0.18 85.01 - 90.00 5 1,917,144.15 0.88 90.01 - 95.00 7 2,767,339.71 1.27 Total: 418 $217,414,547.84 100.00% (1) As of December 1, 2005, the weighted average Loan-to-Value Ratio at origination of the Group 1 Mortgage Loans was approximately 66.55%. 7. Current Mortgage Interest Rates Percent of Number of Group 1 Aggregate Aggregate Mortgage Loans as Principal Balance Principal Balance Current Mortgage Interest Rates of December 1, 2005 as of December 1, 2005 as of December 1, 2005 5.001 - 5.250 2 $1,037,862.76 0.48% 5.251 - 5.500 16 7,787,504.34 3.58 5.501 - 5.750 202 105,094,345.15 48.34 5.751 - 6.000 187 98,469,406.17 45.29 6.001 - 6.250 10 4,382,071.13 2.02 6.251 - 6.500 1 643,358.29 0.30 Total: 418 $217,414,547.84 100.00% (1) As of December 1, 2005, the weighted average Current Mortgage Interest Rate of the Group 1 Mortgage Loans was approximately 5.800% per annum. 8. Remaining Terms Percent of Number of Group 1 Aggregate Aggregate Mortgage Loans as Principal Balance Principal Balance Remaining Terms of December 1, 2005 as of December 1, 2005 as of December 1, 2005 221 - 240 1 $462,392.63 0.21% 281 - 300 8 3,786,593.01 1.74 341 - 360 409 213,165,562.20 98.05 Total: 418 $217,414,547.84 100.00% (1) As of December 1, 2005, the weighted average remaining term to stated maturity of the Group 1 Mortgage Loans was approximately 348 months. 9. Credit Scores of Mortgagors Percent of Number of Group 1 Aggregate Aggregate Mortgage Loans as Principal Balance Principal Balance Credit Scores of Mortgagors of December 1, 2005 as of December 1, 2005 as of December 1, 2005 801 - 850 21 $9,892,650.88 4.55% 751 - 800 191 102,450,453.64 47.12 701 - 750 136 69,392,095.16 31.92 651 - 700 59 30,885,110.55 14.21 601 - 650 11 4,794,237.61 2.21 Total: 418 $217,414,547.84 100.00% (1) The scores shown are Bureau Credit Scores from Experian (FICO), Equifax (Beacon) and TransUnion (Empirica).

Banc of America Funding 2005-3 Trust 8-K