8-K 1 cwa05bc1_8k0506.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): June 25, 2005 CWA (Depositor) (Issuer in respect of Asset Backed Certificates, Series 2005-BC1) (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) 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 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)) Section 8 - Other Events Item 8.01 Other Events Section 9 - Financial Statements and Exhibits Item 9.01 Financial Statements and Exhibits 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: June 25, 2005 CWA By: /s/ Mark Baumer ------------------------------ Name: Mark Baumer Assistant Treasurer The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated June 25, 2005 Payment Date: 06/25/05 ------------------------------------------------------------ Countrywide Home Loans Servicing LP Asset Backed Certificates, Series 2005-BC1 ------------------------------------------------------------

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 1A1 ~~236~~226,~~395~~645,~~691~~405.8757 3.~~220000~~290000% 97,~~750~~308,~~286~~005.3183 ~~634~~683,~~328~~524.4477 107,~~384~~991,~~614~~530.7560 0.00 0.00 1A2 5956,~~099~~661,~~413~~821.4059 3.~~270000~~340000% 21,~~437~~827,~~591~~016.8062 ~~161~~173,~~045~~479.9061 2,~~598~~000,~~637~~496.7123 0.00 0.00 2A1 6562,~~982~~493,~~137~~730.6426 3.~~110000~~180000% 37,~~488~~019,~~407~~694.3829 ~~171~~182,~~003~~169.7122 37,~~659~~201,~~411~~863.0951 0.00 0.00 2A2 48,903,000.00 3.~~220000~~290000% 0.00 ~~131~~147,~~223~~483.0530 ~~131~~147,~~223~~483.0530 0.00 0.00 2A3 12,252,000.00 3.~~330000~~400000% 0.00 3338,~~999~~185.3040 3338,~~999~~185.3040 0.00 0.00 C ~~542~~526,~~257~~580,~~243~~958.8839 0.000000% 0.00 1,~~219~~006,~~992~~260.7980 1,~~219~~006,~~992~~260.7980 0.00 0.00 P 100.00 0.000000% 0.00 ~~276~~329,~~313~~937.5189 ~~276~~329,~~313~~937.5189 0.00 0.00 Residual AR 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M1 23,925,000.00 3.~~430000~~500000% 0.00 6876,~~385~~759.6338 6876,~~385~~759.6338 0.00 0.00 M2 18,700,000.00 3.~~460000~~530000% 0.00 5360,~~918~~510.3308 5360,~~918~~510.3308 0.00 0.00 M3 11,275,000.00 3.~~500000~~570000% 0.00 3236,~~885~~897.4244 3236,~~885~~897.4244 0.00 0.00 M4 10,450,000.00 3.~~620000~~690000% 0.00 3135,~~524~~347.1713 3135,~~524~~347.1713 0.00 0.00 M5 9,350,000.00 3.~~680000~~750000% 0.00 2832,~~673~~140.3363 2832,~~673~~140.3363 0.00 0.00 M6 9,075,000.00 3.~~750000~~820000% 0.00 2831,~~359~~777.3863 2831,~~359~~777.3863 0.00 0.00 M7 8,250,000.00 4.~~220000~~290000% 0.00 2932,~~012~~443.5013 2932,~~012~~443.5013 0.00 0.00 M8 6,875,000.00 4.~~320000~~390000% 0.00 2427,~~750~~666.0015 2427,~~750~~666.0015 0.00 0.00 B 6,875,000.00 4.~~920000~~990000% 0.00 2831,~~187~~447.5040 2831,~~187~~447.5040 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~527~~511,~~407~~731,~~342~~057.9142 - 1516,~~676~~154,~~285~~716.4974 2,~~953~~926,~~602~~029.9593 1819,~~629~~080,~~888~~746.4467 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A1 ~~226~~219,~~645~~337,~~405~~399.5774 0.00 1A2 5654,~~661~~834,~~821~~804.5997 0.00 2A1 6255,~~493~~474,~~730~~035.2697 0.00 2A2 48,903,000.00 0.00 2A3 12,252,000.00 0.00 C ~~526~~510,~~580~~426,~~958~~241.3965 0.00 P 100.00 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- Subordinate M1 23,925,000.00 0.00 M2 18,700,000.00 0.00 M3 11,275,000.00 0.00 M4 10,450,000.00 0.00 M5 9,350,000.00 0.00 M6 9,075,000.00 0.00 M7 8,250,000.00 0.00 M8 6,875,000.00 0.00 B 6,875,000.00 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~511~~495,~~731~~576,~~057~~340.4268 - --------------------------------------------------------------------------------

Payment Date: 06/25/05 ------------------------------------------------------------ Countrywide Home Loans Servicing LP Asset Backed Certificates, Series 2005-BC1 ------------------------------------------------------------

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 1A1 ~~236~~226,~~395~~645,~~691~~405.8757 3.~~220000~~290000% 126673YD8 4030.~~455941~~322417 2.~~631959~~836085 ~~940~~910.~~398347~~075929 1A2 5956,~~099~~661,~~413~~821.4059 3.~~270000~~340000% 126673YE6 4030.~~455941~~322417 2.~~672828~~879186 ~~940~~910.~~398347~~075929 2A1 6562,~~982~~493,~~137~~730.6426 3.~~110000~~180000% 126673YF3 51103.~~332569~~296118 2.~~516352~~680654 ~~919~~816.~~606961~~310843 2A2 48,903,000.00 3.~~220000~~290000% 126673YG1 0.000000 23.~~683333~~015833 1,000.000000 2A3 12,252,000.00 3.~~330000~~400000% 126673YH9 0.000000 23.~~775000~~116667 1,000.000000 C ~~542~~526,~~257~~580,~~243~~958.8839 0.000000% 126673YT3 0.000000 21.~~218169~~829565 ~~957~~928.~~419924~~047712 P 100.00 0.000000% 126673YU0 0.000000 23,~~763~~299,~~135~~378.~~100000~~900000 1,000.000000 Residual AR 0.00 0.000000% 126673YV8 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 23,925,000.00 3.~~430000~~500000% 126673YJ5 0.000000 23.~~858333~~208333 1,000.000000 M2 18,700,000.00 3.~~460000~~530000% 126673YK2 0.000000 23.~~883333~~235833 1,000.000000 M3 11,275,000.00 3.~~500000~~570000% 126673YL0 0.000000 23.~~916667~~272500 1,000.000000 M4 10,450,000.00 3.~~620000~~690000% 126673YM8 0.000000 3.~~016667~~382500 1,000.000000 M5 9,350,000.00 3.~~680000~~750000% 126673YN6 0.000000 3.~~066667~~437500 1,000.000000 M6 9,075,000.00 3.~~750000~~820000% 126673YP1 0.000000 3.~~125000~~501667 1,000.000000 M7 8,250,000.00 4.~~220000~~290000% 126673YQ9 0.000000 3.~~516667~~932500 1,000.000000 M8 6,875,000.00 4.~~320000~~390000% 126673YR7 0.000000 34.~~600000~~024167 1,000.000000 B 6,875,000.00 4.~~920000~~990000% 126673YS5 0.000000 4.~~100000~~574167 1,000.000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~527~~511,~~407~~731,~~342~~057.9142 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Countrywide Home Loans Servicing LP Asset Backed Certificates, Series 2005-BC1 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 357,909,111.15 152,517,130.50 510,426,241.65 Loan count 1963 543 2506 Avg loan rate 6.411583% 6.456196% 6.43 Prepay amount 8,878,537.90 6,927,060.55 15,805,598.45 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 142,805.49 58,378.72 201,184.22 Sub servicer fees 0.00 0.00 0.00 Trustee fees 2,752.83 1,196.53 3,949.36 Agg advances N/A N/A N/A Adv this period 48,919.50 20,943.73 69,863.23 -------------------------------------------------------------------------------- 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 7,699,999.16 3,300,001.56 11,000,000.72 Special Hazard 0.00 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 79.525378% 100.000000% 406,956,057.42 ----------------------------------------------------------------------------- Junior 20.474622% 0.000000% 104,775,000.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 37 8,049,941.46 60 to 89 days 8 1,673,983.86 90 or more 1 232,980.77 Foreclosure 5 677,522.60 Totals: 51 10,634,428.69 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 19,080,746.67 19,080,746.67 Principal remittance amount 16,154,716.74 16,154,716.74 Interest remittance amount 2,926,029.93 2,926,029.93

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