8-K 1 bf793634-8k.txt CURRENT REPORT 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: August 27, 2004 (Date of earliest event reported) Commission File No. 333-109285 Banc of America Funding Corporation ------------------------------------------------------------------------------ Delaware 56-193-0085 ------------------------------------------------------------------------------ (State of Incorporation) (I.R.S. Employer Identification No.) 214 North Tryon Street, Charlotte, NC 28255 ------------------------------------------------------------------------------ Address of principal executive offices (Zip Code) (704) 386-2400 ------------------------------------------------------------------------------ Registrant's Telephone Number, including area code ------------------------------------------------------------------------------ (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: [ ] 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 27, 2004, Banc of America Funding Corporation, a Delaware corporation (the "Registrant"), sold Mortgage Pass-Through Certificates, Series 2004-A, Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-4, Class 1-A-R, Class 1-A-LR, Class 2-A-1, Class 3-A-1, Class 4-A-1, Class 5-A-1, Class B-1, Class B-2 and Class B-3 (the "Offered Certificates"), having an aggregate original principal balance of $609,368,100. The Offered Certificates were issued pursuant to a Pooling and Servicing Agreement, dated August 27, 2004, among the Registrant, Wells Fargo Bank, N.A., a servicer, Bank of America, N.A., a servicer, Wachovia Bank, National Association, as trustee, and Wells Fargo Bank, N.A., as securities administrator (the "Agreement"), a copy of which is filed as an exhibit hereto. Mortgage Pass-Through Certificates, Series 2004-A, Class B-4, Class B-5 and Class B-6, having an aggregate initial principal balance of $16,844,194 (the "Private Certificates" and, together with the Offered Certificates, the "Certificates"), were also issued pursuant to the Agreement. As of the date of initial issuance, the Offered Certificates evidenced an approximate 97.31% undivided interest in a trust (the "Trust"), consisting principally of five pools of adjustable interest rate, monthly pay, fully-amortizing, one- to four-family residential first mortgage loans. The remaining undivided interests in the Trust are evidenced by the Private Certificates distributions on which are subordinated to distributions on the Offered Certificates. Interest on the Offered Certificates will be distributed on each Distribution Date (as defined in the Agreement). Monthly distributions in reduction of the principal balance of the Offered Certificates will be allocated to the Offered Certificates in accordance with the priorities set forth in the Agreement. Distributions of interest and in reduction of principal balance on any Distribution Date will be made to the extent that the Pool Distribution Amount is sufficient therefor. Elections will be made to treat the Trust as two separate REMICs for federal income tax purposes (the "Upper-Tier REMIC" and the "Lower-Tier REMIC," respectively, and each a "REMIC"). The Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-4, Class 2-A-1, Class 3-A-1, Class 4-A-1, Class 5-A-1, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates are referred to collectively as the "Regular Certificates" and shall constitute "regular interests" in the Upper-Tier REMIC. The Uncertificated Lower-Tier Interests shall constitute the "regular interests" in the Lower-Tier REMIC. The Class 1-A-R Certificate shall be the "residual interest" in the Upper-Tier REMIC and the Class 1-A-LR Certificate shall be the "residual interest" in the Lower-Tier REMIC. ITEM 9.01 Financial Statements and Exhibits --------------------------------- (c) Exhibits Item 601(a) of Regulation S-K Exhibit No. Description ----------- ----------- (EX-4) Pooling and Servicing Agreement, dated August 27, 2004, among Banc of America Funding Corporation, Wells Fargo Bank, N.A., Bank of America, N.A., Wachovia Bank, National Association, as trustee, and Wells Fargo Bank, N.A., as securities administrator. 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 August 27, 2004 By: /s/ Adam Glassner ----------------------------------------- Name: Adam Glassner Title: Senior Vice President INDEX TO EXHIBITS ----------------- Paper (P) or Exhibit No. Description Electronic (E) ----------- ----------- -------------- (EX-4) Pooling and Servicing Agreement, E dated August 27, 2004, among Banc of America Funding Corporation, Wells Fargo Bank, N.A., Bank of America, N.A., Wachovia Bank, National Association, as trustee, and Wells Fargo Bank, N.A., as securities administrator.

Banc of America Funding Corporation Mortgage Pass-Through Certificates Record Date: 8/31/2004 Distribution Date: 9/20/2004 BAF Series: 2004-A Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution 1-A1 06051GAV1 SEN 5.08035% 32,150,000.00 136,110.98 488,084.61 1-A2 06051GAW9 SEN 5.08035% 910,000.00 3,852.60 13,815.15 1-A3 06051GAX7 SEN 5.08035% 104,638,000.00 442,997.85 1,588,559.80 1-A4 06051GAY5 SEN 5.08035% 8,180,000.00 34,631.04 124,184.51 1-AR 06051GAZ2 SEN 5.08035% 50.00 0.38 50.00 1-ALR 06051GBA6 SEN 5.08035% 50.00 0.21 50.00 2-A1 06051GBB4 SEN 4.56157% 180,149,000.00 684,802.03 1,057,738.64 3-A1 06051GBC2 SEN 5.07810% 39,106,000.00 165,486.95 1,148,999.97 4-A1 06051GBD0 SEN 5.86868% 207,075,000.00 1,012,714.27 18,069,551.44 5-A1 06051GBE8 SEN 3.20388% 23,378,000.00 62,417.00 556,818.24 B-1 06051GBF5 SUB 5.12369% 9,188,000.00 39,230.36 9,347.06 B-2 06051GBG3 SUB 5.12369% 3,062,000.00 13,073.94 3,115.01 B-3 06051GBH1 SUB 5.12369% 1,532,000.00 6,541.24 1,558.52 B-4 06051GBJ7 SUB 5.12369% 1,531,000.00 6,536.97 1,557.50 B-5 06051GBK4 SUB 5.12369% 918,000.00 3,919.62 933.89 B-6 06051GBL2 SUB 5.12369% 613,194.00 2,618.18 623.81 Totals 612,430,294.00 2,614,933.62 23,064,988.15

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 31,661,915.39 624,195.59 0.00 1-A2 0.00 896,184.85 17,667.75 0.00 1-A3 0.00 103,049,440.20 2,031,557.65 0.00 1-A4 0.00 8,055,815.49 158,815.55 0.00 1-AR 0.00 0.00 50.38 0.00 1-ALR 0.00 0.00 50.21 0.00 2-A1 0.00 179,091,261.36 1,742,540.67 0.00 3-A1 0.00 37,957,000.03 1,314,486.92 0.00 4-A1 0.00 189,005,448.56 19,082,265.71 0.00 5-A1 0.00 22,821,181.76 619,235.24 0.00 B-1 0.00 9,178,652.94 48,577.42 0.00 B-2 0.00 3,058,884.99 16,188.95 0.00 B-3 0.00 1,530,441.48 8,099.76 0.00 B-4 0.00 1,529,442.50 8,094.47 0.00 B-5 0.00 917,066.11 4,853.51 0.00 B-6 0.00 612,570.19 3,241.99 0.00 Totals 0.00 589,365,305.85 25,679,921.77 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-A1 32,150,000.00 32,150,000.00 36,163.35 451,921.26 0.00 0.00 1-A2 910,000.00 910,000.00 1,023.60 12,791.55 0.00 0.00 1-A3 104,638,000.00 104,638,000.00 117,700.19 1,470,859.61 0.00 0.00 1-A4 8,180,000.00 8,180,000.00 9,201.13 114,983.39 0.00 0.00 1-AR 50.00 50.00 3.70 46.30 0.00 0.00 1-ALR 50.00 50.00 3.70 46.30 0.00 0.00 2-A1 180,149,000.00 180,149,000.00 93,640.92 964,097.72 0.00 0.00 3-A1 39,106,000.00 39,106,000.00 47,516.13 1,101,483.84 0.00 0.00 4-A1 207,075,000.00 207,075,000.00 259,261.62 17,810,289.82 0.00 0.00 5-A1 23,378,000.00 23,378,000.00 41,371.97 515,446.27 0.00 0.00 B-1 9,188,000.00 9,188,000.00 9,347.06 0.00 0.00 0.00 B-2 3,062,000.00 3,062,000.00 3,115.01 0.00 0.00 0.00 B-3 1,532,000.00 1,532,000.00 1,558.52 0.00 0.00 0.00 B-4 1,531,000.00 1,531,000.00 1,557.50 0.00 0.00 0.00 B-5 918,000.00 918,000.00 933.89 0.00 0.00 0.00 B-6 613,194.00 613,194.00 623.81 0.00 0.00 0.00 Totals 612,430,294.00 612,430,294.00 623,022.10 22,441,966.06 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-A1 488,084.61 31,661,915.39 0.98481852 488,084.61 1-A2 13,815.15 896,184.85 0.98481852 13,815.15 1-A3 1,588,559.80 103,049,440.20 0.98481852 1,588,559.80 1-A4 124,184.51 8,055,815.49 0.98481852 124,184.51 1-AR 50.00 0.00 0.00000000 50.00 1-ALR 50.00 0.00 0.00000000 50.00 2-A1 1,057,738.64 179,091,261.36 0.99412853 1,057,738.64 3-A1 1,148,999.97 37,957,000.03 0.97061832 1,148,999.97 4-A1 18,069,551.44 189,005,448.56 0.91273910 18,069,551.44 5-A1 556,818.24 22,821,181.76 0.97618196 556,818.24 B-1 9,347.06 9,178,652.94 0.99898269 9,347.06 B-2 3,115.01 3,058,884.99 0.99898269 3,115.01 B-3 1,558.52 1,530,441.48 0.99898269 1,558.52 B-4 1,557.50 1,529,442.50 0.99898269 1,557.50 B-5 933.89 917,066.11 0.99898269 933.89 B-6 623.81 612,570.19 0.99898269 623.81 Totals 23,064,988.15 589,365,305.85 0.96233859 23,064,988.15

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 32,150,000.00 1000.00000000 1.12483204 14.05664883 0.00000000 1-A2 910,000.00 1000.00000000 1.12483516 14.05664835 0.00000000 1-A3 104,638,000.00 1000.00000000 1.12483218 14.05664873 0.00000000 1-A4 8,180,000.00 1000.00000000 1.12483252 14.05664914 0.00000000 1-AR 50.00 1000.00000000 74.00000000 926.00000000 0.00000000 1-ALR 50.00 1000.00000000 74.00000000 926.00000000 0.00000000 2-A1 180,149,000.00 1000.00000000 0.51979706 5.35166845 0.00000000 3-A1 39,106,000.00 1000.00000000 1.21505984 28.16661996 0.00000000 4-A1 207,075,000.00 1000.00000000 1.25201796 86.00888480 0.00000000 5-A1 23,378,000.00 1000.00000000 1.76969672 22.04834759 0.00000000 B-1 9,188,000.00 1000.00000000 1.01731171 0.00000000 0.00000000 B-2 3,062,000.00 1000.00000000 1.01731221 0.00000000 0.00000000 B-3 1,532,000.00 1000.00000000 1.01731070 0.00000000 0.00000000 B-4 1,531,000.00 1000.00000000 1.01730895 0.00000000 0.00000000 B-5 918,000.00 1000.00000000 1.01730937 0.00000000 0.00000000 B-6 613,194.00 1000.00000000 1.01731263 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-A1 0.00000000 15.18148087 984.81851913 0.98481852 15.18148087 1-A2 0.00000000 15.18148352 984.81851648 0.98481852 15.18148352 1-A3 0.00000000 15.18148092 984.81851908 0.98481852 15.18148092 1-A4 0.00000000 15.18148044 984.81851956 0.98481852 15.18148044 1-AR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 1-ALR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 2-A1 0.00000000 5.87146551 994.12853449 0.99412853 5.87146551 3-A1 0.00000000 29.38167979 970.61832021 0.97061832 29.38167979 4-A1 0.00000000 87.26090276 912.73909724 0.91273910 87.26090276 5-A1 0.00000000 23.81804432 976.18195568 0.97618196 23.81804432 B-1 0.00000000 1.01731171 998.98268829 0.99898269 1.01731171 B-2 0.00000000 1.01731221 998.98268779 0.99898269 1.01731221 B-3 0.00000000 1.01731070 998.98268930 0.99898269 1.01731070 B-4 0.00000000 1.01730895 998.98269105 0.99898269 1.01730895 B-5 0.00000000 1.01730937 998.98269063 0.99898269 1.01730937 B-6 0.00000000 1.01731263 998.98268737 0.99898269 1.01731263 (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-A1 32,150,000.00 5.08035% 32,150,000.00 136,110.98 0.00 0.00 1-A2 910,000.00 5.08035% 910,000.00 3,852.60 0.00 0.00 1-A3 104,638,000.00 5.08035% 104,638,000.00 442,997.85 0.00 0.00 1-A4 8,180,000.00 5.08035% 8,180,000.00 34,631.04 0.00 0.00 1-AR 50.00 5.08035% 50.00 0.21 0.00 0.00 1-ALR 50.00 5.08035% 50.00 0.21 0.00 0.00 2-A1 180,149,000.00 4.56157% 180,149,000.00 684,802.03 0.00 0.00 3-A1 39,106,000.00 5.07810% 39,106,000.00 165,486.95 0.00 0.00 4-A1 207,075,000.00 5.86868% 207,075,000.00 1,012,714.27 0.00 0.00 5-A1 23,378,000.00 3.20388% 23,378,000.00 62,417.00 0.00 0.00 B-1 9,188,000.00 5.12369% 9,188,000.00 39,230.36 0.00 0.00 B-2 3,062,000.00 5.12369% 3,062,000.00 13,073.94 0.00 0.00 B-3 1,532,000.00 5.12369% 1,532,000.00 6,541.24 0.00 0.00 B-4 1,531,000.00 5.12369% 1,531,000.00 6,536.97 0.00 0.00 B-5 918,000.00 5.12369% 918,000.00 3,919.62 0.00 0.00 B-6 613,194.00 5.12369% 613,194.00 2,618.18 0.00 0.00 Totals 612,430,294.00 2,614,933.45 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-A1 0.00 0.00 136,110.98 0.00 31,661,915.39 1-A2 0.00 0.00 3,852.60 0.00 896,184.85 1-A3 0.00 0.00 442,997.85 0.00 103,049,440.20 1-A4 0.00 0.00 34,631.04 0.00 8,055,815.49 1-AR 0.00 0.00 0.38 0.00 0.00 1-ALR 0.00 0.00 0.21 0.00 0.00 2-A1 0.00 0.00 684,802.03 0.00 179,091,261.36 3-A1 0.00 0.00 165,486.95 0.00 37,957,000.03 4-A1 0.00 0.00 1,012,714.27 0.00 189,005,448.56 5-A1 0.00 0.00 62,417.00 0.00 22,821,181.76 B-1 0.00 0.00 39,230.36 0.00 9,178,652.94 B-2 0.00 0.00 13,073.94 0.00 3,058,884.99 B-3 0.00 0.00 6,541.24 0.00 1,530,441.48 B-4 0.00 0.00 6,536.97 0.00 1,529,442.50 B-5 0.00 0.00 3,919.62 0.00 917,066.11 B-6 0.00 0.00 2,618.18 0.00 612,570.19 Totals 0.00 0.00 2,614,933.62 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-A1 32,150,000.00 5.08035% 1000.00000000 4.23362302 0.00000000 0.00000000 1-A2 910,000.00 5.08035% 1000.00000000 4.23362637 0.00000000 0.00000000 1-A3 104,638,000.00 5.08035% 1000.00000000 4.23362306 0.00000000 0.00000000 1-A4 8,180,000.00 5.08035% 1000.00000000 4.23362347 0.00000000 0.00000000 1-AR 50.00 5.08035% 1000.00000000 4.20000000 0.00000000 0.00000000 1-ALR 50.00 5.08035% 1000.00000000 4.20000000 0.00000000 0.00000000 2-A1 180,149,000.00 4.56157% 1000.00000000 3.80130908 0.00000000 0.00000000 3-A1 39,106,000.00 5.07810% 1000.00000000 4.23175344 0.00000000 0.00000000 4-A1 207,075,000.00 5.86868% 1000.00000000 4.89056752 0.00000000 0.00000000 5-A1 23,378,000.00 3.20388% 1000.00000000 2.66990333 0.00000000 0.00000000 B-1 9,188,000.00 5.12369% 1000.00000000 4.26973879 0.00000000 0.00000000 B-2 3,062,000.00 5.12369% 1000.00000000 4.26973873 0.00000000 0.00000000 B-3 1,532,000.00 5.12369% 1000.00000000 4.26973890 0.00000000 0.00000000 B-4 1,531,000.00 5.12369% 1000.00000000 4.26973873 0.00000000 0.00000000 B-5 918,000.00 5.12369% 1000.00000000 4.26973856 0.00000000 0.00000000 B-6 613,194.00 5.12369% 1000.00000000 4.26974171 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-A1 0.00000000 0.00000000 4.23362302 0.00000000 984.81851913 1-A2 0.00000000 0.00000000 4.23362637 0.00000000 984.81851648 1-A3 0.00000000 0.00000000 4.23362306 0.00000000 984.81851908 1-A4 0.00000000 0.00000000 4.23362347 0.00000000 984.81851956 1-AR 0.00000000 0.00000000 7.60000000 0.00000000 0.00000000 1-ALR 0.00000000 0.00000000 4.20000000 0.00000000 0.00000000 2-A1 0.00000000 0.00000000 3.80130908 0.00000000 994.12853449 3-A1 0.00000000 0.00000000 4.23175344 0.00000000 970.61832021 4-A1 0.00000000 0.00000000 4.89056752 0.00000000 912.73909724 5-A1 0.00000000 0.00000000 2.66990333 0.00000000 976.18195568 B-1 0.00000000 0.00000000 4.26973879 0.00000000 998.98268829 B-2 0.00000000 0.00000000 4.26973873 0.00000000 998.98268779 B-3 0.00000000 0.00000000 4.26973890 0.00000000 998.98268930 B-4 0.00000000 0.00000000 4.26973873 0.00000000 998.98269105 B-5 0.00000000 0.00000000 4.26973856 0.00000000 998.98269063 B-6 0.00000000 0.00000000 4.26974171 0.00000000 998.98268737 (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 25,826,873.18 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 4,480.02 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 25,831,353.20 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 151,431.43 Payment of Interest and Principal 25,679,921.77 Total Withdrawals (Pool Distribution Amount) 25,831,353.20 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00

SERVICING FEES Gross Servicing Fee 149,390.00 Certificate Administration Fee 2,041.43 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 151,431.43

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS 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 2 0 0 0 2 985,000.00 0.00 0.00 0.00 985,000.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 2 0 0 0 2 985,000.00 0.00 0.00 0.00 985,000.00 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 0.152672% 0.000000% 0.000000% 0.000000% 0.152672% 0.166996% 0.000000% 0.000000% 0.000000% 0.166996% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.152672% 0.000000% 0.000000% 0.000000% 0.152672% 0.166996% 0.000000% 0.000000% 0.000000% 0.166996%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 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 1 0 0 0 1 400,000.00 0.00 0.00 0.00 400,000.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 1 0 0 0 1 400,000.00 0.00 0.00 0.00 400,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.396825% 0.000000% 0.000000% 0.000000% 0.396825% 0.270442% 0.000000% 0.000000% 0.000000% 0.270442% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.396825% 0.000000% 0.000000% 0.000000% 0.396825% 0.270442% 0.000000% 0.000000% 0.000000% 0.270442% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 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 1 0 0 0 1 585,000.00 0.00 0.00 0.00 585,000.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 1 0 0 0 1 585,000.00 0.00 0.00 0.00 585,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.233645% 0.000000% 0.000000% 0.000000% 0.233645% 0.317511% 0.000000% 0.000000% 0.000000% 0.317511% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.233645% 0.000000% 0.000000% 0.000000% 0.233645% 0.317511% 0.000000% 0.000000% 0.000000% 0.317511% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 5 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 4,480.02

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 5.420434% Weighted Average Net Coupon 5.127718% Weighted Average Pass-Through Rate 5.123718% Weighted Average Maturity(Stepdown Calculation ) 345 Beginning Scheduled Collateral Loan Count 1,356 Number Of Loans Paid In Full 46 Ending Scheduled Collateral Loan Count 1,310 Beginning Scheduled Collateral Balance 612,430,294.00 Ending Scheduled Collateral Balance 589,365,306.23 Ending Actual Collateral Balance at 31-Aug-2004 589,834,028.85 Monthly P &I Constant 3,389,387.04 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 623,022.09 Unscheduled Principal 22,441,966.01

Total Senior % 97.249614% Aggregate Subordinate % 2.750386%

Group Level Collateral Statement Group 1 2 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 5.334347 4.940571 5.332106 Weighted Average Net Rate 5.084347 4.565571 5.082106 Weighted Average Maturity 358 355 353 Beginning Loan Count 254 430 157 Loans Paid In Full 2 2 4 Ending Loan Count 252 428 153 Beginning Scheduled Balance 150,003,207.67 185,243,838.48 40,212,260.87 Ending scheduled Balance 147,783,823.34 184,183,451.56 39,061,916.73 Record Date 08/31/2004 08/31/2004 08/31/2004 Principal And Interest Constant 835,543.62 858,964.51 227,540.32 Scheduled Principal 168,735.94 96,289.18 48,860.30 Unscheduled Principal 2,050,648.39 964,097.74 1,101,483.84 Scheduled Interest 666,807.68 762,675.33 178,680.02 Servicing Fees 31,250.67 57,888.70 8,377.55 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 500.01 617.48 134.04 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 635,057.00 704,169.15 170,168.43 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.080347 4.561571 5.078106

Group Level Collateral Statement Group 4 5 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 6.122681 3.582884 5.420434 Weighted Average Net Rate 5.872681 3.207884 5.127718 Weighted Average Maturity 327 339 345 Beginning Loan Count 468 47 1,356 Loans Paid In Full 37 1 46 Ending Loan Count 431 46 1,310 Beginning Scheduled Balance 212,931,483.35 24,039,504.01 612,430,294.38 Ending scheduled Balance 194,854,599.49 23,481,515.11 589,365,306.23 Record Date 08/31/2004 08/31/2004 08/31/2004 Principal And Interest Constant 1,353,020.33 114,318.26 3,389,387.04 Scheduled Principal 266,594.04 42,542.63 623,022.09 Unscheduled Principal 17,810,289.77 515,446.27 22,441,966.01 Scheduled Interest 1,086,426.29 71,775.63 2,766,364.95 Servicing Fees 44,360.73 7,512.35 149,390.00 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 709.77 80.13 2,041.43 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 1,041,355.79 64,183.15 2,614,933.52 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.868681 3.203884 5.123718

Group 1 CPR 15.241769% Senior % 97.249987% Senior Prepay % 100.000000% Subordinate % 2.750013% Subordinate Prepay % 0.000000% Recovery Amount 0.00 Group 2 CPR 6.072736% Senior % 97.249658% Senior Prepay % 100.000000% Subordinate % 2.750342% Subordinate Prepay % 0.000000% Recovery Amount 0.00 Group 3 CPR 28.372981% Senior % 97.248946% Senior Prepay % 100.000000% Subordinate % 2.751054% Subordinate Prepay % 0.000000% Recovery Amount 0.00

Group 4 CPR 64.991105% Senior % 97.249593% Senior Prepay % 100.000000% Subordinate % 2.750407% Subordinate Prepay % 0.000000% Recovery Amount 0.00 Group 5 CPR 22.938340% Senior % 97.248263% Senior Prepay % 100.000000% Subordinate % 2.751737% Subordinate Prepay % 0.000000% Recovery Amount 0.00

Filing Compare · Banc of America Funding Corp. Mortgage Pass-Through Certificates Series 2004-A