8-K 1 cwa04bc3_8k0409.txt 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): September 25, 2004 CW (Depositor) (Issuer in respect of Asset-Backed Securitiies, Series 2004-BC3) (Exact name of registrant as specified in charter) Delaware 33-63714 95-4449516 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) , , N/A 91110-7137 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (818)-304-4428 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Item 5. Other Events CW Asset-Backed Securitiies Series 2004-BC3 On September 25, 2004, The Bank of New York, as Trustee for CW, Asset-Backed Securitiies Series 2004-BC3, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of July 1, 2004, among CW as Depositor, Countrywide Home Loans, Seller and Master Servicer and The Bank of New York, as Trustee. Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit No. Description 99 Report to Holders of CW, Asset-Backed Securitiies Series 2004-BC3 relating to the distribution date of September 25, 2004 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of July 1, 2004. 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: September 25, 2004 CW By: /s/ Courtney Bartholomew ------------------------------ Name: Courtney Bartholomew Vice President The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated September 25, 2004 Payment Date: 09/25/04 ------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securitiies, Series 2004-BC3 ------------------------------------------------------------

Class Information Current Payment Information ---------------------------------------------------------------------------------------------------------------------------------- Beginning Pass Thru Principal Interest Total Principal Interest Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls ---------------------------------------------------------------------------------------------------------------------------------- Senior 1A ~~316~~306,~~030~~597,~~000~~417.0055 1.~~524000~~875000% 9,~~432~~555,~~582~~232.4567 ~~347~~526,~~843~~964.6931 910,~~780~~082,~~426~~196.1498 0.00 0.00 2A 6462,~~220~~086,~~000~~422.0081 1.~~644000~~995000% 2,~~133~~713,~~577~~414.1997 76113,~~250~~540.55 2,~~209~~826,~~827~~955.7452 0.00 0.00 P 100.00 0.000000% 0.00 ~~297~~341,~~690~~745.4162 ~~297~~341,~~690~~745.4162 0.00 0.00 C ~~450~~438,~~000~~433,~~000~~840.0036 0.000000% 0.00 1,~~861~~524,~~495~~592.8808 1,~~861~~524,~~495~~592.8808 0.00 0.00 Residual AR ~~100~~0.00 0.000000% ~~100~~0.00 0.00 ~~100~~0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M1 14,625,000.00 12.~~814000~~165000% 0.00 1929,~~160~~024.3853 1929,~~160~~024.3853 0.00 0.00 M2 12,375,000.00 12.~~864000~~215000% 0.00 1625,~~659~~126.5041 1625,~~659~~126.5041 0.00 0.00 M3 8,550,000.00 12.~~934000~~285000% 0.00 1117,~~942~~908.4569 1117,~~942~~908.4569 0.00 0.00 M4 7,425,000.00 2.~~414000~~765000% 0.00 1218,~~945~~819.0728 1218,~~945~~819.0728 0.00 0.00 M5 6,525,000.00 2.~~514000~~865000% 0.00 1117,~~847~~136.2328 1117,~~847~~136.2328 0.00 0.00 M6 5,625,000.00 23.~~714000~~065000% 0.00 1115,~~025~~803.6291 1115,~~025~~803.6291 0.00 0.00 M7 5,625,000.00 3.~~164000~~515000% 0.00 1218,~~853~~124.7522 1218,~~853~~124.7522 0.00 0.00 M8 4,500,000.00 3.~~264000~~615000% 0.00 1014,~~608~~911.0088 1014,~~608~~911.0088 0.00 0.00 B 4,500,000.00 4.~~264000~~615000% 0.00 1319,~~858~~036.0088 1319,~~858~~036.0088 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~450~~438,~~000~~433,~~210~~950.0036 - 1112,~~566~~268,~~259~~647.64 2,~~704~~682,~~180~~734.5362 14,~~270~~951,~~440~~382.1726 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A ~~306~~297,~~597~~042,~~417~~184.5588 0.00 2A 6259,~~086~~373,~~422~~007.8184 0.00 P 100.00 0.00 C ~~438~~426,~~433~~165,~~840~~192.3672 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- Subordinate M1 14,625,000.00 0.00 M2 12,375,000.00 0.00 M3 8,550,000.00 0.00 M4 7,425,000.00 0.00 M5 6,525,000.00 0.00 M6 5,625,000.00 0.00 M7 5,625,000.00 0.00 M8 4,500,000.00 0.00 B 4,500,000.00 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~438~~426,~~433~~165,~~950~~302.3672 - --------------------------------------------------------------------------------

Payment Date: 09/25/04 ------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securitiies, Series 2004-BC3 ------------------------------------------------------------

Class Information Current Payment Information Factors per $1,000 ------------------------------------------------------------------------------------------------------------------------ Beginning Pass Thru CUSIP Principal Interest Ending Cert./ Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal. ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Senior 1A ~~316~~306,~~030~~597,~~000~~417.0055 1.~~524000~~875000% 126673BY7 2930.~~847111~~235208 1.~~100667~~667450 ~~970~~939.~~152889~~917681 2A 6462,~~220~~086,~~000~~422.0081 1.~~644000~~995000% 126673BZ4 3342.~~222940~~251868 1.~~187333~~767994 ~~966~~924.~~777060~~525192 P 100.00 0.000000% 126673CL4 0.000000 23,~~976~~417,~~904~~456.~~100000~~200000 1,000.000000 C ~~450~~438,~~000~~433,~~000~~840.0036 0.000000% 126673CK6 0.000000 43.~~136658~~387982 ~~974~~947.~~297423~~033762 Residual AR ~~100~~0.00 0.000000% 126673CM2 ~~1,000~~0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 14,625,000.00 12.~~814000~~165000% 126673CA8 0.000000 1.~~310111~~984583 1,000.000000 M2 12,375,000.00 12.~~864000~~215000% 126673CB6 0.000000 12.~~346222~~030417 1,000.000000 M3 8,550,000.00 12.~~934000~~285000% 126673CC4 0.000000 12.~~396778~~094583 1,000.000000 M4 7,425,000.00 2.~~414000~~765000% 126673CD2 0.000000 12.~~743444~~534583 1,000.000000 M5 6,525,000.00 2.~~514000~~865000% 126673CE0 0.000000 12.~~815667~~626250 1,000.000000 M6 5,625,000.00 23.~~714000~~065000% 126673CF7 0.000000 12.~~960111~~809583 1,000.000000 M7 5,625,000.00 3.~~164000~~515000% 126673CG5 0.000000 23.~~285111~~222083 1,000.000000 M8 4,500,000.00 3.~~264000~~615000% 126673CH3 0.000000 23.~~357333~~313750 1,000.000000 B 4,500,000.00 4.~~264000~~615000% 126673CJ9 0.000000 34.~~079556~~230417 1,000.000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~450~~438,~~000~~433,~~210~~950.0036 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securitiies, Series 2004-BC3 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 355,012,824.19 71,152,368.53 426,165,192.72 Loan count 2344 180 2524 Avg loan rate 6.975513% 6.624185% 6.92 Prepay amount 9,165,192.07 2,660,287.42 11,825,479.49 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 145,189.95 28,995.01 174,184.95 Sub servicer fees 0.00 0.00 0.00 Trustee fees 2,734.26 553.99 3,288.25 Agg advances N/A N/A N/A Adv this period 82,771.64 9,292.63 92,064.27 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Total ----- Realized losses 0.00 0.00 0.00 Cumulative losses 0.00 0.00 0.00 Coverage Amounts Total ---------------- ----- Bankruptcy 0.00 0.00 0.00 Fraud 7,480,000.05 1,519,983.88 8,999,983.93 Special Hazard 0.00 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 84.091104% 100.000000% 368,683,950.36 ----------------------------------------------------------------------------- Junior 15.908896% 0.000000% 69,750,000.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 57 8,636,985.34 60 to 89 days 13 1,605,741.97 90 or more 0 0.00 Foreclosure 12 2,099,881.65 Totals: 82 12,342,608.96 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- REO INFORMATION -------------------------------------------------------------------------------- REO Date Loan Number Ending Stated Balance Book Value -------- ----------- --------------------- ---------- N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A Totals: 0 N/A Current Total Outstanding Balance: 0.00 Current Total Outstanding Number of Loans: 0 -------------------------------------------------------------------------------- OTHER INFORMATION -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 14,951,382.26 14,951,382.26 Principal remittance amount 12,268,647.64 12,268,647.64 Interest remittance amount 2,682,734.62 2,682,734.62

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