8-K 1 cwa05bc1_8k0510.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): October 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: October 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 October 25, 2005 Payment Date: 10/25/05 ------------------------------------------------------------ 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 ~~208~~180,~~108~~891,~~911~~221.2574 34.~~660000~~030000% 1312,~~946~~184,~~177~~391.2564 ~~655~~587,~~889~~243.9225 1412,~~602~~771,~~067~~634.1789 0.00 0.00 1A2 5245,~~027~~223,~~659~~180.5671 34.~~710000~~080000% 3,~~486~~046,~~573~~123.2519 ~~166~~148,~~213~~633.9252 3,~~652~~194,~~787~~756.1771 0.00 0.00 2A1 5133,~~809~~828,~~059~~243.0789 3.~~550000~~920000% 76,~~838~~796,~~543~~260.1652 ~~158~~106,~~377~~822.4208 76,~~996~~903,~~920~~082.5860 0.00 0.00 2A2 48,903,000.00 34.~~660000~~030000% 0.00 ~~154~~158,~~125~~758.9616 ~~154~~158,~~125~~758.9616 0.00 0.00 2A3 12,252,000.00 34.~~770000~~140000% 0.00 3940,~~774~~860.7642 3940,~~774~~860.7642 0.00 0.00 C ~~492~~440,~~725~~722,~~630~~647.8531 0.000000% 0.00 ~~876~~742,~~022~~708.2233 ~~876~~742,~~022~~708.2233 0.00 0.00 P 100.00 0.000000% 0.00 ~~375~~476,~~840~~620.4740 ~~375~~476,~~840~~620.4740 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 34.~~870000~~240000% 0.00 7981,~~730~~717.0617 7981,~~730~~717.0617 0.00 0.00 M2 18,700,000.00 34.~~900000~~270000% 0.00 6264,~~800~~322.8381 6264,~~800~~322.8381 0.00 0.00 M3 11,275,000.00 34.~~940000~~310000% 0.00 3839,~~253~~146.5717 3839,~~253~~146.5717 0.00 0.00 M4 10,450,000.00 4.~~060000~~430000% 0.00 3637,~~534~~291.3699 3637,~~534~~291.3699 0.00 0.00 M5 9,350,000.00 4.~~120000~~490000% 0.00 33,~~171~~818.7243 33,~~171~~818.7243 0.00 0.00 M6 9,075,000.00 4.~~190000~~560000% 0.00 3233,~~743~~335.1050 3233,~~743~~335.1050 0.00 0.00 M7 8,250,000.00 45.~~660000~~030000% 0.00 33,~~105~~428.4254 33,~~105~~428.4254 0.00 0.00 M8 6,875,000.00 45.~~760000~~130000% 0.00 28,~~179~~410.8694 28,~~179~~410.8694 0.00 0.00 B 6,875,000.00 5.~~360000~~730000% 0.00 31,~~731~~733.9485 31,~~731~~733.9485 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~477~~425,~~875~~872,~~729~~746.8834 - 2522,~~271~~026,~~293~~775.6635 2,~~802~~644,~~495~~851.5355 2824,~~073~~671,~~789~~626.1990 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A1 ~~194~~168,~~162~~706,~~734~~830.0009 0.00 1A2 4842,~~541~~177,~~086~~057.3152 0.00 2A1 4327,~~970~~031,~~515~~983.9137 0.00 2A2 48,903,000.00 0.00 2A3 12,252,000.00 0.00 C ~~467~~418,~~454~~695,~~337~~871.1996 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 - - ~~452~~403,~~604~~845,~~436~~970.2299 - --------------------------------------------------------------------------------

Payment Date: 10/25/05 ------------------------------------------------------------ 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 ~~208~~180,~~108~~891,~~911~~221.2574 34.~~660000~~030000% 126673YD8 5750.~~865554~~555544 2.~~721422~~436593 ~~805~~699.~~621070~~999295 1A2 5245,~~027~~223,~~659~~180.5671 34.~~710000~~080000% 126673YE6 5750.~~865554~~555544 2.~~758600~~466824 ~~805~~699.~~621070~~999295 2A1 5133,~~809~~828,~~059~~243.0789 3.~~550000~~920000% 126673YF3 ~~115~~100.~~345633~~008248 21.~~330553~~571907 ~~647~~397.~~034388~~780705 2A2 48,903,000.00 34.~~660000~~030000% 126673YG1 0.000000 3.~~151667~~246389 1,000.000000 2A3 12,252,000.00 34.~~770000~~140000% 126673YH9 0.000000 3.~~246389~~335000 1,000.000000 C ~~492~~440,~~725~~722,~~630~~647.8531 0.000000% 126673YT3 0.000000 1.~~592768~~350379 ~~849~~761.~~916977~~265222 P 100.00 0.000000% 126673YU0 0.000000 34,~~758~~766,~~404~~204.~~700000~~000000 1,000.000000 Residual AR 0.00 0.000000% 126673YV8 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 23,925,000.00 34.~~870000~~240000% 126673YJ5 0.000000 3.~~332500~~415556 1,000.000000 M2 18,700,000.00 34.~~900000~~270000% 126673YK2 0.000000 3.~~358333~~439722 1,000.000000 M3 11,275,000.00 34.~~940000~~310000% 126673YL0 0.000000 3.~~392778~~471944 1,000.000000 M4 10,450,000.00 4.~~060000~~430000% 126673YM8 0.000000 3.~~496111~~568611 1,000.000000 M5 9,350,000.00 4.~~120000~~490000% 126673YN6 0.000000 3.~~547778~~616944 1,000.000000 M6 9,075,000.00 4.~~190000~~560000% 126673YP1 0.000000 3.~~608056~~673333 1,000.000000 M7 8,250,000.00 45.~~660000~~030000% 126673YQ9 0.000000 4.~~012778~~051944 1,000.000000 M8 6,875,000.00 45.~~760000~~130000% 126673YR7 0.000000 4.~~098889~~132500 1,000.000000 B 6,875,000.00 5.~~360000~~730000% 126673YS5 0.000000 4.~~615556~~615833 1,000.000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~477~~425,~~875~~872,~~729~~746.8834 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Countrywide Home Loans Servicing LP Asset Backed Certificates, Series 2005-BC1 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 294,620,794.06 124,075,077.90 418,695,871.96 Loan count 1672 454 2126 Avg loan rate 6.411762% 6.414749% 6.41 Prepay amount 15,011,480.74 6,717,673.43 21,729,154.17 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 119,807.82 48,226.18 168,034.00 Sub servicer fees 0.00 0.00 0.00 Trustee fees 2,323.88 981.54 3,305.42 Agg advances N/A N/A N/A Adv this period 90,328.81 41,813.75 132,142.56 -------------------------------------------------------------------------------- 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 75.397580% 100.000000% 321,097,746.34 ----------------------------------------------------------------------------- Junior 24.602420% 0.000000% 104,775,000.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 52 10,348,495.45 60 to 89 days 18 2,928,669.32 90 or more 5 1,040,065.58 Foreclosure 22 4,417,295.16 Totals: 97 18,734,525.51 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 Totals: 0 N/A Current Total Outstanding Balance: 533,049.23 Current Total Outstanding Number of Loans: 3 -------------------------------------------------------------------------------- OTHER INFORMATION -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 24,671,626.90 24,671,626.90 Principal remittance amount 22,026,775.35 22,026,775.35 Interest remittance amount 2,644,851.55 2,644,851.55

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