8-K 1 ba837997-8k.txt CURRENT REPORT 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: March 30, 2005 (Date of earliest event reported) Banc of America Mortgage Securities, Inc. -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 333-118843 36-4514369 -------------------------------------------------------------------------------- (State or other jurisdiction (Commission File No.) (IRS Employer of incorporation) Identification No.) 201 North Tryon Street, Charlotte, North Carolina 28255 -------------------------------------------------------------------------------- Address of principal executive offices (Zip Code) Registrant's telephone number, including area code (704) 387-8239 ------------------------------ -------------------------------------------------------------------------------- (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 March 30, 2005, Banc of America Mortgage Securities, Inc., a Delaware corporation (the "Registrant"), sold Mortgage Pass-Through Certificates, Series 2005-C, Class 1-A-1, Class 1-A-R, Class 1-A-LR, Class 2-A-1, Class 2-A-2, Class 2-A-3, Class 3-A-1, Class 4-A-1, Class B-1, Class B-2 and Class B-3 (the "Offered Certificates"), having an aggregate original principal balance of $310,614,100.00. The Offered Certificates were issued pursuant to a Pooling and Servicing Agreement, dated March 30, 2005, among the Registrant, Bank of America, N.A., as servicer ("BANA") and Wells Fargo Bank, N.A., as trustee (the "Agreement"), a copy of which is filed as an exhibit hereto. Mortgage Pass-Through Certificates, Series 2005-C, Class 1-IO, Class 2-IO, Class B-4, Class B-5 and Class B-6 Certificates, having an aggregate initial principal balance of $1,718,190.00 (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 99.45% undivided interest in a trust (the "Trust"), consisting principally of a pool 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. 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 (as defined in the Agreement) 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" and each a "REMIC"). The Class 1-A-1, Class 2-A-1, Class 2-A-2, Class 2-A-3, Class 3-A-1, Class 4-A-1, Class 1-IO, Class 2-IO, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates will be treated as "regular interests" in the REMIC and the Class 1-A-R and Class 1-A-LR Certificates will be treated as the "residual interest" in the Upper-Tier REMIC and the Lower-Tier REMIC, respectively. ITEM 9.01 Financial Statements and Exhibits --------------------------------- (c) Exhibits Item 601(a) of Regulation S-K Exhibit No. Description ----------- ----------- (4) Pooling and Servicing Agreement, dated March 30, 2005, among Banc of America Mortgage Securities, Inc., Bank of America, N.A. and Wells Fargo Bank, N.A., as trustee. 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 MORTGAGE SECURITIES, INC. March 30, 2005 By: /s/ Judy Lowman --------------------------------------- Name: Judy Lowman Title: Vice President INDEX TO EXHIBITS Paper (P) or Exhibit No. Description Electronic (E) ----------- ----------- -------------- (4) Pooling and Servicing E Agreement, dated March 30, 2005, among Banc of America Mortgage Securities, Inc., Bank of America, N.A. and Wells Fargo Bank, N.A., as trustee.

Banc of America Mortgage Securities, Inc. Mortgage Pass-Through Certificates Record Date: 4/29/2005 Distribution Date: 5/25/2005 Banc of America Mortgage Securities, Inc. Mortgage Pass-Through Certificates Series 2005-C 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 1A1 05949AY46 SEN 4.34661% 22,772,390.35 82,485.50 16,595.42 1AR 05949AY53 SEN 4.34665% 0.00 0.00 0.00 1ALR 05949AY61 SEN 4.34665% 0.00 0.00 0.00 2A1 05949AY79 SEN 4.73138% 148,380,681.67 585,037.62 654,744.13 2A2 05949AY87 SEN 4.73138% 26,462,151.63 104,335.38 116,766.81 2A3 05949AY95 SEN 4.73138% 903,585.67 3,562.67 3,987.16 3A1 05949AZ29 SEN 5.18660% 50,317,411.30 217,480.39 32,826.47 4A1 05949AZ37 SEN 5.29872% 51,726,353.90 228,402.98 1,033,655.51 1IO 05949AZ78 SEN 0.30400% 0.00 5,965.89 0.00 2IO 05949AZ86 SEN 0.05600% 0.00 8,483.26 0.00 B1 05949AZ45 SUB 4.87571% 5,464,482.11 22,202.71 2,531.16 B2 05949AZ52 SUB 4.87571% 1,873,136.91 7,610.73 867.64 B3 05949AZ60 SUB 4.87571% 1,248,424.76 5,072.47 578.27 B4 05949AZ94 SUB 4.87571% 624,712.15 2,538.26 289.37 B5 05949A2A7 SUB 4.87571% 467,784.46 1,900.65 216.68 B6 05949A2B5 SUB 4.87571% 624,902.06 2,539.04 289.46 Totals 310,866,016.97 1,277,617.55 1,863,348.08

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1A1 0.00 22,755,794.92 99,080.92 0.00 1AR 0.00 0.00 0.00 0.00 1ALR 0.00 0.00 0.00 0.00 2A1 0.00 147,725,937.54 1,239,781.75 0.00 2A2 0.00 26,345,384.82 221,102.19 0.00 2A3 0.00 899,598.51 7,549.83 0.00 3A1 0.00 50,284,584.83 250,306.86 0.00 4A1 0.00 50,692,698.39 1,262,058.49 0.00 1IO 0.00 0.00 5,965.89 0.00 2IO 0.00 0.00 8,483.26 0.00 B1 0.00 5,461,950.95 24,733.87 0.00 B2 0.00 1,872,269.27 8,478.37 0.00 B3 0.00 1,247,846.49 5,650.74 0.00 B4 0.00 624,422.78 2,827.63 0.00 B5 0.00 467,567.78 2,117.33 0.00 B6 0.00 624,612.61 2,828.50 0.00 Totals 0.00 309,002,668.89 3,140,965.63 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) 1A1 22,788,000.00 22,772,390.35 14,949.78 1,645.64 0.00 0.00 1AR 50.00 0.00 0.00 0.00 0.00 0.00 1ALR 50.00 0.00 0.00 0.00 0.00 0.00 2A1 149,434,000.00 148,380,681.67 64,115.69 590,628.44 0.00 0.00 2A2 26,650,000.00 26,462,151.63 11,434.37 105,332.44 0.00 0.00 2A3 910,000.00 903,585.67 390.44 3,596.72 0.00 0.00 3A1 50,465,000.00 50,317,411.30 28,619.43 4,207.04 0.00 0.00 4A1 51,777,000.00 51,726,353.90 19,738.64 1,013,916.87 0.00 0.00 1IO 0.00 0.00 0.00 0.00 0.00 0.00 2IO 0.00 0.00 0.00 0.00 0.00 0.00 B1 5,467,000.00 5,464,482.11 2,531.16 0.00 0.00 0.00 B2 1,874,000.00 1,873,136.91 867.64 0.00 0.00 0.00 B3 1,249,000.00 1,248,424.76 578.27 0.00 0.00 0.00 B4 625,000.00 624,712.15 289.37 0.00 0.00 0.00 B5 468,000.00 467,784.46 216.68 0.00 0.00 0.00 B6 625,190.00 624,902.06 289.46 0.00 0.00 0.00 Totals 312,332,290.00 310,866,016.97 144,020.93 1,719,327.15 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 1A1 16,595.42 22,755,794.92 0.99858675 16,595.42 1AR 0.00 0.00 0.00000000 0.00 1ALR 0.00 0.00 0.00000000 0.00 2A1 654,744.13 147,725,937.54 0.98856979 654,744.13 2A2 116,766.81 26,345,384.82 0.98856979 116,766.81 2A3 3,987.16 899,598.51 0.98856979 3,987.16 3A1 32,826.47 50,284,584.83 0.99642494 32,826.47 4A1 1,033,655.51 50,692,698.39 0.97905824 1,033,655.51 1IO 0.00 0.00 0.00000000 0.00 2IO 0.00 0.00 0.00000000 0.00 B1 2,531.16 5,461,950.95 0.99907645 2,531.16 B2 867.64 1,872,269.27 0.99907645 867.64 B3 578.27 1,247,846.49 0.99907645 578.27 B4 289.37 624,422.78 0.99907645 289.37 B5 216.68 467,567.78 0.99907645 216.68 B6 289.46 624,612.61 0.99907646 289.46 Totals 1,863,348.08 309,002,668.89 0.98933949 1,863,348.08

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1A1 22,788,000.00 999.31500570 0.65603739 0.07221520 0.00000000 1AR 50.00 0.00000000 0.00000000 0.00000000 0.00000000 1ALR 50.00 0.00000000 0.00000000 0.00000000 0.00000000 2A1 149,434,000.00 992.95128063 0.42905691 3.95243679 0.00000000 2A2 26,650,000.00 992.95128068 0.42905704 3.95243677 0.00000000 2A3 910,000.00 992.95128571 0.42905495 3.95243956 0.00000000 3A1 50,465,000.00 997.07542455 0.56711444 0.08336550 0.00000000 4A1 51,777,000.00 999.02184174 0.38122410 19.58237963 0.00000000 1IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B1 5,467,000.00 999.53943845 0.46298884 0.00000000 0.00000000 B2 1,874,000.00 999.53943970 0.46298826 0.00000000 0.00000000 B3 1,249,000.00 999.53943955 0.46298639 0.00000000 0.00000000 B4 625,000.00 999.53944000 0.46299200 0.00000000 0.00000000 B5 468,000.00 999.53944444 0.46299145 0.00000000 0.00000000 B6 625,190.00 999.53943601 0.46299525 0.00000000 0.00000000 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 1A1 0.00000000 0.72825259 998.58675268 0.99858675 0.72825259 1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2A1 0.00000000 4.38149370 988.56978693 0.98856979 4.38149370 2A2 0.00000000 4.38149381 988.56978687 0.98856979 4.38149381 2A3 0.00000000 4.38149451 988.56979121 0.98856979 4.38149451 3A1 0.00000000 0.65047994 996.42494462 0.99642494 0.65047994 4A1 0.00000000 19.96360372 979.05823802 0.97905824 19.96360372 1IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B1 0.00000000 0.46298884 999.07644961 0.99907645 0.46298884 B2 0.00000000 0.46298826 999.07645144 0.99907645 0.46298826 B3 0.00000000 0.46298639 999.07645316 0.99907645 0.46298639 B4 0.00000000 0.46299200 999.07644800 0.99907645 0.46299200 B5 0.00000000 0.46299145 999.07645299 0.99907645 0.46299145 B6 0.00000000 0.46299525 999.07645676 0.99907646 0.46299525 (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 1A1 22,788,000.00 4.34661% 22,772,390.35 82,485.50 0.00 0.00 1AR 50.00 4.34665% 0.00 0.00 0.00 0.00 1ALR 50.00 4.34665% 0.00 0.00 0.00 0.00 2A1 149,434,000.00 4.73138% 148,380,681.67 585,037.62 0.00 0.00 2A2 26,650,000.00 4.73138% 26,462,151.63 104,335.38 0.00 0.00 2A3 910,000.00 4.73138% 903,585.67 3,562.67 0.00 0.00 3A1 50,465,000.00 5.18660% 50,317,411.30 217,480.39 0.00 0.00 4A1 51,777,000.00 5.29872% 51,726,353.90 228,402.98 0.00 0.00 1IO 0.00 0.30400% 23,549,554.34 5,965.89 0.00 0.00 2IO 0.00 0.05600% 181,784,140.57 8,483.26 0.00 0.00 B1 5,467,000.00 4.87571% 5,464,482.11 22,202.71 0.00 0.00 B2 1,874,000.00 4.87571% 1,873,136.91 7,610.73 0.00 0.00 B3 1,249,000.00 4.87571% 1,248,424.76 5,072.47 0.00 0.00 B4 625,000.00 4.87571% 624,712.15 2,538.26 0.00 0.00 B5 468,000.00 4.87571% 467,784.46 1,900.65 0.00 0.00 B6 625,190.00 4.87571% 624,902.06 2,539.04 0.00 0.00 Totals 312,332,290.00 1,277,617.55 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 1A1 0.00 0.00 82,485.50 0.00 22,755,794.92 1AR 0.00 0.00 0.00 0.00 0.00 1ALR 0.00 0.00 0.00 0.00 0.00 2A1 0.00 0.00 585,037.62 0.00 147,725,937.54 2A2 0.00 0.00 104,335.38 0.00 26,345,384.82 2A3 0.00 0.00 3,562.67 0.00 899,598.51 3A1 0.00 0.00 217,480.39 0.00 50,284,584.83 4A1 0.00 0.00 228,402.98 0.00 50,692,698.39 1IO 0.00 0.00 5,965.89 0.00 23,532,448.72 2IO 0.00 0.00 8,483.26 0.00 181,006,033.56 B1 0.00 0.00 22,202.71 0.00 5,461,950.95 B2 0.00 0.00 7,610.73 0.00 1,872,269.27 B3 0.00 0.00 5,072.47 0.00 1,247,846.49 B4 0.00 0.00 2,538.26 0.00 624,422.78 B5 0.00 0.00 1,900.65 0.00 467,567.78 B6 0.00 0.00 2,539.04 0.00 624,612.61 Totals 0.00 0.00 1,277,617.55 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 1A1 22,788,000.00 4.34661% 999.31500570 3.61969019 0.00000000 0.00000000 1AR 50.00 4.34665% 0.00000000 0.00000000 0.00000000 0.00000000 1ALR 50.00 4.34665% 0.00000000 0.00000000 0.00000000 0.00000000 2A1 149,434,000.00 4.73138% 992.95128063 3.91502349 0.00000000 0.00000000 2A2 26,650,000.00 4.73138% 992.95128068 3.91502364 0.00000000 0.00000000 2A3 910,000.00 4.73138% 992.95128571 3.91502198 0.00000000 0.00000000 3A1 50,465,000.00 5.18660% 997.07542455 4.30952918 0.00000000 0.00000000 4A1 51,777,000.00 5.29872% 999.02184174 4.41128262 0.00000000 0.00000000 1IO 0.00 0.30400% 999.31181291 0.25315912 0.00000000 0.00000000 2IO 0.00 0.05600% 993.16968852 0.04634792 0.00000000 0.00000000 B1 5,467,000.00 4.87571% 999.53943845 4.06122371 0.00000000 0.00000000 B2 1,874,000.00 4.87571% 999.53943970 4.06122199 0.00000000 0.00000000 B3 1,249,000.00 4.87571% 999.53943955 4.06122498 0.00000000 0.00000000 B4 625,000.00 4.87571% 999.53944000 4.06121600 0.00000000 0.00000000 B5 468,000.00 4.87571% 999.53944444 4.06121795 0.00000000 0.00000000 B6 625,190.00 4.87571% 999.53943601 4.06122939 0.00000000 0.00000000 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 1A1 0.00000000 0.00000000 3.61969019 0.00000000 998.58675268 1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2A1 0.00000000 0.00000000 3.91502349 0.00000000 988.56978693 2A2 0.00000000 0.00000000 3.91502364 0.00000000 988.56978687 2A3 0.00000000 0.00000000 3.91502198 0.00000000 988.56979121 3A1 0.00000000 0.00000000 4.30952918 0.00000000 996.42494462 4A1 0.00000000 0.00000000 4.41128262 0.00000000 979.05823802 1IO 0.00000000 0.00000000 0.25315912 0.00000000 998.58594575 2IO 0.00000000 0.00000000 0.04634792 0.00000000 988.91853496 B1 0.00000000 0.00000000 4.06122371 0.00000000 999.07644961 B2 0.00000000 0.00000000 4.06122199 0.00000000 999.07645144 B3 0.00000000 0.00000000 4.06122498 0.00000000 999.07645316 B4 0.00000000 0.00000000 4.06121600 0.00000000 999.07644800 B5 0.00000000 0.00000000 4.06121795 0.00000000 999.07645299 B6 0.00000000 0.00000000 4.06122939 0.00000000 999.07645676 (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 3,210,125.37 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 3,210,125.37 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 69,159.74 Payment of Interest and Principal 3,140,965.63 Total Withdrawals (Pool Distribution Amount) 3,210,125.37 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 67,216.84 Trustee Fee - Wells Fargo Bank, N.A. 1,942.90 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 69,159.74

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 0.00 0.00 0.00 0.00

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 4 0 0 0 4 2,391,624.77 0.00 0.00 0.00 2,391,624.77 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 4 0 0 0 4 2,391,624.77 0.00 0.00 0.00 2,391,624.77 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 0.658979% 0.000000% 0.000000% 0.000000% 0.658979% 0.773717% 0.000000% 0.000000% 0.000000% 0.773717% 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 0.658979% 0.000000% 0.000000% 0.000000% 0.658979% 0.773717% 0.000000% 0.000000% 0.000000% 0.773717%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1- Three Year ARM 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 2- Five Year Arm 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 3 0 0 0 3 1,433,624.77 0.00 0.00 0.00 1,433,624.77 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 3 0 0 0 3 1,433,624.77 0.00 0.00 0.00 1,433,624.77 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.804290% 0.000000% 0.000000% 0.000000% 0.804290% 0.791785% 0.000000% 0.000000% 0.000000% 0.791785% 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 0.804290% 0.000000% 0.000000% 0.000000% 0.804290% 0.791785% 0.000000% 0.000000% 0.000000% 0.791785% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3-Seven Year Arm 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-Ten Year Arm 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 1 958,000.00 0.00 0.00 0.00 958,000.00 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 1 958,000.00 0.00 0.00 0.00 958,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.123596% 0.000000% 0.000000% 0.000000% 1.123596% 1.825638% 0.000000% 0.000000% 0.000000% 1.825638% 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 1.123596% 0.000000% 0.000000% 0.000000% 1.123596% 1.825638% 0.000000% 0.000000% 0.000000% 1.825638%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 11,864.49

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.198807% Weighted Average Net Coupon 4.939338% Weighted Average Pass-Through Rate 4.931838% Weighted Average Maturity(Stepdown Calculation ) 358 Beginning Scheduled Collateral Loan Count 608 Number Of Loans Paid In Full 1 Ending Scheduled Collateral Loan Count 607 Beginning Scheduled Collateral Balance 310,866,016.96 Ending Scheduled Collateral Balance 309,002,668.88 Ending Actual Collateral Balance at 29-Apr-2005 309,108,644.71 Monthly P &I Constant 1,490,798.07 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 144,020.93 Unscheduled Principal 1,719,327.15

Miscellaneous Reporting Total Senior Percentage 96.685569% Aggregate Senior Percentage 3.314431%

Group Level Collateral Statement Group 1- Three Year ARM 2- Five Year Arm 3-Seven Year Arm Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.033105 5.044878 5.444103 Weighted Average Net Rate 4.658104 4.794878 5.194103 Weighted Average Maturity 358 358 358 Beginning Loan Count 47 373 98 Loans Paid In Full 0 0 0 Ending Loan Count 47 373 98 Beginning Scheduled Balance 23,549,554.34 181,784,140.57 52,039,001.60 Ending scheduled Balance 23,532,448.72 181,006,033.56 52,005,195.93 Record Date 04/29/2005 04/29/2005 04/29/2005 Principal And Interest Constant 114,232.79 842,781.69 265,686.70 Scheduled Principal 15,459.98 78,549.41 29,598.63 Unscheduled Principal 1,645.64 699,557.60 4,207.04 Scheduled Interest 98,772.81 764,232.28 236,088.07 Servicing Fees 7,359.24 37,871.70 10,841.46 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 147.18 1,136.15 325.24 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 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 91,266.39 725,224.43 224,921.37 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 4.650605 4.787378 5.186603

Group Level Collateral Statement Group 4-Ten Year Arm Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.556222 5.198807 Weighted Average Net Rate 5.306222 4.939338 Weighted Average Maturity 357 358 Beginning Loan Count 90 608 Loans Paid In Full 1 1 Ending Loan Count 89 607 Beginning Scheduled Balance 53,493,320.45 310,866,016.96 Ending scheduled Balance 52,458,990.67 309,002,668.88 Record Date 04/29/2005 04/29/2005 Principal And Interest Constant 268,096.89 1,490,798.07 Scheduled Principal 20,412.91 144,020.93 Unscheduled Principal 1,013,916.87 1,719,327.15 Scheduled Interest 247,683.98 1,346,777.14 Servicing Fees 11,144.44 67,216.84 Master Servicing Fees 0.00 0.00 Trustee Fee 334.33 1,942.90 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 236,205.21 1,277,617.40 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 5.298722 4.931838

Miscellaneous Reporting Group 1- Three Year ARM CPR 0.083879% Subordinate Percentage 3.300121% Subordinate Prepayment Percentage 0.000000% Senior Prepayment Percentage 100.000000% Senior Percentage 96.699879% Group 2- Five Year Arm CPR 4.523360% Subordinate Percentage 3.321368% Subordinate Prepayment Percentage 0.000000% Senior Prepayment Percentage 100.000000% Senior Percentage 96.678632% Group 3-Seven Year Arm CPR 0.097025% Subordinate Percentage 3.308269% Subordinate Prepayment Percentage 0.000000% Senior Prepayment Percentage 100.000000% Senior Percentage 96.691731%

Miscellaneous Reporting Group 4-Ten Year Arm CPR 20.524444% Subordinate Percentage 3.303153% Subordinate Prepayment Percentage 0.000000% Senior Prepayment Percentage 100.000000% Senior Percentage 96.696847%

Filing Compare · Banc of America Mortgage Securities Mortgage Pass-Through Certificates Series 2005-C