8-K 1 ba836776-8k.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: May 26, 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 May 26, 2005, Banc of America Mortgage Securities, Inc., a Delaware corporation (the "Registrant"), sold Mortgage Pass-Through Certificates, Series 2005-E, Class 1-A-1, Class 1-A-2, Class 1-A-R, Class 2-A-1, Class 2-A-2, Class 2-A-3, Class 2-A-4, Class 2-A-5, Class 2-A-6, Class 2-A-7, Class 2-IO, 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 $571,200,100.00. The Offered Certificates were issued pursuant to a Pooling and Servicing Agreement, dated May 26, 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-E, Class 1-IO, Class B-4, Class B-5 and Class B-6 Certificates, having an aggregate initial principal balance of $3,159,587.00 (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 three separate REMICs for federal income tax purposes (the "Upper-Tier REMIC," the "Middle-Tier REMIC" and the "Lower-Tier REMIC" and each a "REMIC"). The Class 1-A-1, Class 1-A-2, Class 2-A-1, Class 2-A-2, Class 2-A-3, Class 2-A-4, Class 2-A-5, Class 2-A-6, Class 2-A-7, 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 Upper-Tier REMIC and the Class 1-A-R Certificate will be treated as the "residual interest" in the Upper-Tier REMIC, the Middle-Tier REMIC and 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 May 26, 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. May 26, 2005 By: /s/ Judy Lowman ---------------------------- Name: Judy Lowman Title: Vice President INDEX TO EXHIBITS ----------------- Paper (P) or Exhibit No. Description Electronic (E) ----------- ----------- -------------- (EX-4) Pooling and Servicing E Agreement, dated May 26, 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: 5/31/2005 Distribution Date: 6/27/2005 Banc of America Mortgage Securities, Inc. Mortgage Pass-Through Certificates Series BOAMS2005-E Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution 1A1 05949A5Z9 SEN 4.33241% 34,468,000.00 124,441.25 1A2 05949A6A3 SEN 4.33241% 1,357,000.00 4,899.23 1AR 05949A6B1 SEN 4.33241% 100.00 0.36 2A1 05949A6C9 SEN 4.99432% 70,000,000.00 291,335.38 2A2 05949A6D7 SEN 4.99432% 96,878,000.00 403,199.85 2A3 05949A6E5 SEN 4.66432% 40,700,000.00 158,198.22 2A4 05949A6F2 SEN 4.69932% 67,109,000.00 262,805.60 2A5 05949A6G0 SEN 4.77432% 43,690,000.00 173,825.07 2A6 05949A6H8 SEN 4.72932% 43,891,000.00 172,978.85 2A7 05949A6J4 SEN 4.62932% 88,042,000.00 339,645.56 2IO 05949A6K1 SEN 0.30556% 0.00 72,172.00 3A1 05949A6L9 SEN 5.28685% 28,190,000.00 124,196.82 4A1 05949A6M7 SEN 5.40387% 39,070,000.00 175,941.06 1IO 05949A6U9 SEN 0.54000% 0.00 16,731.87 B1 05949A6N5 SUB 4.99530% 12,062,000.00 50,211.10 B2 05949A6P0 SUB 4.99530% 3,446,000.00 14,344.84 B3 05949A6Q8 SUB 4.99530% 2,297,000.00 9,561.84 B4 05949A6R6 SUB 4.99530% 1,149,000.00 4,783.00 B5 05949A6S4 SUB 4.99530% 861,000.00 3,584.13 B6 05949A6T2 SUB 4.99530% 1,149,587.00 4,785.44 Totals 574,359,687.00 2,407,641.47

Certificateholder Distribution Summary (continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses 1A1 794,990.45 0.00 33,673,009.55 919,431.70 0.00 1A2 31,298.65 0.00 1,325,701.35 36,197.88 0.00 1AR 100.00 0.00 0.00 100.36 0.00 2A1 746,985.44 0.00 69,253,014.56 1,038,320.82 0.00 2A2 4,058,371.91 0.00 92,819,628.09 4,461,571.76 0.00 2A3 0.00 0.00 40,700,000.00 158,198.22 0.00 2A4 0.00 0.00 67,109,000.00 262,805.60 0.00 2A5 0.00 0.00 43,690,000.00 173,825.07 0.00 2A6 0.00 0.00 43,891,000.00 172,978.85 0.00 2A7 0.00 0.00 88,042,000.00 339,645.56 0.00 2IO 0.00 0.00 0.00 72,172.00 0.00 3A1 134,730.86 0.00 28,055,269.14 258,927.68 0.00 4A1 16,971.66 0.00 39,053,028.34 192,912.72 0.00 1IO 0.00 0.00 0.00 16,731.87 0.00 B1 4,295.87 0.00 12,057,704.13 54,506.97 0.00 B2 1,227.29 0.00 3,444,772.71 15,572.13 0.00 B3 818.07 0.00 2,296,181.93 10,379.91 0.00 B4 409.21 0.00 1,148,590.79 5,192.21 0.00 B5 306.64 0.00 860,693.36 3,890.77 0.00 B6 409.42 0.00 1,149,177.58 5,194.86 0.00 Totals 5,790,915.47 0.00 568,568,771.53 8,198,556.94 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 34,468,000.00 34,468,000.00 19,024.02 775,966.43 0.00 0.00 1A2 1,357,000.00 1,357,000.00 748.97 30,549.68 0.00 0.00 1AR 100.00 100.00 2.39 97.61 0.00 0.00 2A1 70,000,000.00 70,000,000.00 23,728.05 723,257.39 0.00 0.00 2A2 96,878,000.00 96,878,000.00 128,914.50 3,929,457.42 0.00 0.00 2A3 40,700,000.00 40,700,000.00 0.00 0.00 0.00 0.00 2A4 67,109,000.00 67,109,000.00 0.00 0.00 0.00 0.00 2A5 43,690,000.00 43,690,000.00 0.00 0.00 0.00 0.00 2A6 43,891,000.00 43,891,000.00 0.00 0.00 0.00 0.00 2A7 88,042,000.00 88,042,000.00 0.00 0.00 0.00 0.00 2IO 0.00 0.00 0.00 0.00 0.00 0.00 3A1 28,190,000.00 28,190,000.00 14,242.19 120,488.67 0.00 0.00 4A1 39,070,000.00 39,070,000.00 10,437.07 6,534.59 0.00 0.00 1IO 0.00 0.00 0.00 0.00 0.00 0.00 B1 12,062,000.00 12,062,000.00 4,295.87 0.00 0.00 0.00 B2 3,446,000.00 3,446,000.00 1,227.29 0.00 0.00 0.00 B3 2,297,000.00 2,297,000.00 818.07 0.00 0.00 0.00 B4 1,149,000.00 1,149,000.00 409.21 0.00 0.00 0.00 B5 861,000.00 861,000.00 306.64 0.00 0.00 0.00 B6 1,149,587.00 1,149,587.00 409.42 0.00 0.00 0.00 Totals 574,359,687.00 574,359,687.00 204,563.69 5,586,351.79 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 794,990.45 33,673,009.55 0.97693541 794,990.45 1A2 31,298.65 1,325,701.35 0.97693541 31,298.65 1AR 100.00 0.00 0.00000000 100.00 2A1 746,985.44 69,253,014.56 0.98932878 746,985.44 2A2 4,058,371.91 92,819,628.09 0.95810843 4,058,371.91 2A3 0.00 40,700,000.00 1.00000000 0.00 2A4 0.00 67,109,000.00 1.00000000 0.00 2A5 0.00 43,690,000.00 1.00000000 0.00 2A6 0.00 43,891,000.00 1.00000000 0.00 2A7 0.00 88,042,000.00 1.00000000 0.00 2IO 0.00 0.00 0.00000000 0.00 3A1 134,730.86 28,055,269.14 0.99522062 134,730.86 4A1 16,971.66 39,053,028.34 0.99956561 16,971.66 1IO 0.00 0.00 0.00000000 0.00 B1 4,295.87 12,057,704.13 0.99964385 4,295.87 B2 1,227.29 3,444,772.71 0.99964385 1,227.29 B3 818.07 2,296,181.93 0.99964385 818.07 B4 409.21 1,148,590.79 0.99964386 409.21 B5 306.64 860,693.36 0.99964386 306.64 B6 409.42 1,149,177.58 0.99964385 409.42 Totals 5,790,915.47 568,568,771.53 0.98991762 5,790,915.47

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1A1 34,468,000.00 1000.00000000 0.55193281 22.51266189 0.00000000 1A2 1,357,000.00 1000.00000000 0.55193073 22.51266028 0.00000000 1AR 100.00 1000.00000000 23.90000000 976.10000000 0.00000000 2A1 70,000,000.00 1000.00000000 0.33897214 10.33224843 0.00000000 2A2 96,878,000.00 1000.00000000 1.33068911 40.56088503 0.00000000 2A3 40,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2A4 67,109,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2A5 43,690,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2A6 43,891,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2A7 88,042,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 3A1 28,190,000.00 1000.00000000 0.50522136 4.27416353 0.00000000 4A1 39,070,000.00 1000.00000000 0.26713770 0.16725339 0.00000000 1IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B1 12,062,000.00 1000.00000000 0.35614906 0.00000000 0.00000000 B2 3,446,000.00 1000.00000000 0.35614916 0.00000000 0.00000000 B3 2,297,000.00 1000.00000000 0.35614715 0.00000000 0.00000000 B4 1,149,000.00 1000.00000000 0.35614447 0.00000000 0.00000000 B5 861,000.00 1000.00000000 0.35614402 0.00000000 0.00000000 B6 1,149,587.00 1000.00000000 0.35614529 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 1A1 0.00000000 23.06459470 976.93540530 0.97693541 23.06459470 1A2 0.00000000 23.06459101 976.93540899 0.97693541 23.06459101 1AR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 2A1 0.00000000 10.67122057 989.32877943 0.98932878 10.67122057 2A2 0.00000000 41.89157404 958.10842596 0.95810843 41.89157404 2A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2A5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2A6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2A7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3A1 0.00000000 4.77938489 995.22061511 0.99522062 4.77938489 4A1 0.00000000 0.43439109 999.56560891 0.99956561 0.43439109 1IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B1 0.00000000 0.35614906 999.64385094 0.99964385 0.35614906 B2 0.00000000 0.35614916 999.64385084 0.99964385 0.35614916 B3 0.00000000 0.35614715 999.64385285 0.99964385 0.35614715 B4 0.00000000 0.35614447 999.64385553 0.99964386 0.35614447 B5 0.00000000 0.35614402 999.64385598 0.99964386 0.35614402 B6 0.00000000 0.35614529 999.64385471 0.99964385 0.35614529 (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 34,468,000.00 4.33241% 34,468,000.00 124,441.25 0.00 0.00 1A2 1,357,000.00 4.33241% 1,357,000.00 4,899.23 0.00 0.00 1AR 100.00 4.33241% 100.00 0.36 0.00 0.00 2A1 70,000,000.00 4.99432% 70,000,000.00 291,335.38 0.00 0.00 2A2 96,878,000.00 4.99432% 96,878,000.00 403,199.85 0.00 0.00 2A3 40,700,000.00 4.66432% 40,700,000.00 158,198.22 0.00 0.00 2A4 67,109,000.00 4.69932% 67,109,000.00 262,805.60 0.00 0.00 2A5 43,690,000.00 4.77432% 43,690,000.00 173,825.07 0.00 0.00 2A6 43,891,000.00 4.72932% 43,891,000.00 172,978.85 0.00 0.00 2A7 88,042,000.00 4.62932% 88,042,000.00 339,645.56 0.00 0.00 2IO 0.00 0.30556% 283,432,000.00 72,172.00 0.00 0.00 3A1 28,190,000.00 5.28685% 28,190,000.00 124,196.82 0.00 0.00 4A1 39,070,000.00 5.40387% 39,070,000.00 175,941.06 0.00 0.00 1IO 0.00 0.54000% 37,181,943.95 16,731.87 0.00 0.00 B1 12,062,000.00 4.99530% 12,062,000.00 50,211.10 0.00 0.00 B2 3,446,000.00 4.99530% 3,446,000.00 14,344.84 0.00 0.00 B3 2,297,000.00 4.99530% 2,297,000.00 9,561.84 0.00 0.00 B4 1,149,000.00 4.99530% 1,149,000.00 4,783.00 0.00 0.00 B5 861,000.00 4.99530% 861,000.00 3,584.13 0.00 0.00 B6 1,149,587.00 4.99530% 1,149,587.00 4,785.44 0.00 0.00 Totals 574,359,687.00 2,407,641.47 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 0.00 124,441.25 0.00 33,673,009.55 1A2 0.00 0.00 4,899.23 0.00 1,325,701.35 1AR 0.00 0.00 0.36 0.00 0.00 2A1 0.00 0.00 291,335.38 0.00 69,253,014.56 2A2 0.00 0.00 403,199.85 0.00 92,819,628.09 2A3 0.00 0.00 158,198.22 0.00 40,700,000.00 2A4 0.00 0.00 262,805.60 0.00 67,109,000.00 2A5 0.00 0.00 173,825.07 0.00 43,690,000.00 2A6 0.00 0.00 172,978.85 0.00 43,891,000.00 2A7 0.00 0.00 339,645.56 0.00 88,042,000.00 2IO 0.00 0.00 72,172.00 0.00 283,432,000.00 3A1 0.00 0.00 124,196.82 0.00 28,055,269.14 4A1 0.00 0.00 175,941.06 0.00 39,053,028.34 1IO 0.00 0.00 16,731.87 0.00 36,354,805.87 B1 0.00 0.00 50,211.10 0.00 12,057,704.13 B2 0.00 0.00 14,344.84 0.00 3,444,772.71 B3 0.00 0.00 9,561.84 0.00 2,296,181.93 B4 0.00 0.00 4,783.00 0.00 1,148,590.79 B5 0.00 0.00 3,584.13 0.00 860,693.36 B6 0.00 0.00 4,785.44 0.00 1,149,177.58 Totals 0.00 0.00 2,407,641.47 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 34,468,000.00 4.33241% 1000.00000000 3.61034148 0.00000000 0.00000000 1A2 1,357,000.00 4.33241% 1000.00000000 3.61033898 0.00000000 0.00000000 1AR 100.00 4.33241% 1000.00000000 3.60000000 0.00000000 0.00000000 2A1 70,000,000.00 4.99432% 1000.00000000 4.16193400 0.00000000 0.00000000 2A2 96,878,000.00 4.99432% 1000.00000000 4.16193408 0.00000000 0.00000000 2A3 40,700,000.00 4.66432% 1000.00000000 3.88693415 0.00000000 0.00000000 2A4 67,109,000.00 4.69932% 1000.00000000 3.91610067 0.00000000 0.00000000 2A5 43,690,000.00 4.77432% 1000.00000000 3.97860082 0.00000000 0.00000000 2A6 43,891,000.00 4.72932% 1000.00000000 3.94110068 0.00000000 0.00000000 2A7 88,042,000.00 4.62932% 1000.00000000 3.85776743 0.00000000 0.00000000 2IO 0.00 0.30556% 1000.00000000 0.25463603 0.00000000 0.00000000 3A1 28,190,000.00 5.28685% 1000.00000000 4.40570486 0.00000000 0.00000000 4A1 39,070,000.00 5.40387% 1000.00000000 4.50322652 0.00000000 0.00000000 1IO 0.00 0.54000% 1000.00000000 0.44999987 0.00000000 0.00000000 B1 12,062,000.00 4.99530% 1000.00000000 4.16275079 0.00000000 0.00000000 B2 3,446,000.00 4.99530% 1000.00000000 4.16275102 0.00000000 0.00000000 B3 2,297,000.00 4.99530% 1000.00000000 4.16275141 0.00000000 0.00000000 B4 1,149,000.00 4.99530% 1000.00000000 4.16275022 0.00000000 0.00000000 B5 861,000.00 4.99530% 1000.00000000 4.16275261 0.00000000 0.00000000 B6 1,149,587.00 4.99530% 1000.00000000 4.16274714 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 1A1 0.00000000 0.00000000 3.61034148 0.00000000 976.93540530 1A2 0.00000000 0.00000000 3.61033898 0.00000000 976.93540899 1AR 0.00000000 0.00000000 3.60000000 0.00000000 0.00000000 2A1 0.00000000 0.00000000 4.16193400 0.00000000 989.32877943 2A2 0.00000000 0.00000000 4.16193408 0.00000000 958.10842596 2A3 0.00000000 0.00000000 3.88693415 0.00000000 1000.00000000 2A4 0.00000000 0.00000000 3.91610067 0.00000000 1000.00000000 2A5 0.00000000 0.00000000 3.97860082 0.00000000 1000.00000000 2A6 0.00000000 0.00000000 3.94110068 0.00000000 1000.00000000 2A7 0.00000000 0.00000000 3.85776743 0.00000000 1000.00000000 2IO 0.00000000 0.00000000 0.25463603 0.00000000 1000.00000000 3A1 0.00000000 0.00000000 4.40570486 0.00000000 995.22061511 4A1 0.00000000 0.00000000 4.50322652 0.00000000 999.56560891 1IO 0.00000000 0.00000000 0.44999987 0.00000000 977.75430781 B1 0.00000000 0.00000000 4.16275079 0.00000000 999.64385094 B2 0.00000000 0.00000000 4.16275102 0.00000000 999.64385084 B3 0.00000000 0.00000000 4.16275141 0.00000000 999.64385285 B4 0.00000000 0.00000000 4.16275022 0.00000000 999.64385553 B5 0.00000000 0.00000000 4.16275261 0.00000000 999.64385598 B6 0.00000000 0.00000000 4.16274714 0.00000000 999.64385471 (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 8,323,763.54 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 8,323,763.54 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 125,206.60 Payment of Interest and Principal 8,198,556.94 Total Withdrawals (Pool Distribution Amount) 8,323,763.54 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 123,531.39 Trustee Fee - Wells Fargo Bank, N.A. 1,675.21 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 125,206.60

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT 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 1 0 0 0 1 498,800.00 0.00 0.00 0.00 498,800.00 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 1 498,800.00 0.00 0.00 0.00 498,800.00 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 0.092851% 0.000000% 0.000000% 0.000000% 0.092851% 0.087705% 0.000000% 0.000000% 0.000000% 0.087705% 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 0.092851% 0.000000% 0.000000% 0.000000% 0.092851% 0.087705% 0.000000% 0.000000% 0.000000% 0.087705%

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 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 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 1 0 0 0 1 498,800.00 0.00 0.00 0.00 498,800.00 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 1 498,800.00 0.00 0.00 0.00 498,800.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.785714% 0.000000% 0.000000% 0.000000% 1.785714% 1.712102% 0.000000% 0.000000% 0.000000% 1.712102% 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 1.785714% 0.000000% 0.000000% 0.000000% 1.785714% 1.712102% 0.000000% 0.000000% 0.000000% 1.712102% 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 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 2,612.12

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.291836% Weighted Average Net Coupon 5.033744% Weighted Average Pass-Through Rate 5.030244% Weighted Average Maturity(Stepdown Calculation) 358 Beginning Scheduled Collateral Loan Count 1,083 Number Of Loans Paid In Full 6 Ending Scheduled Collateral Loan Count 1,077 Beginning Scheduled Collateral Balance 574,359,687.00 Ending Scheduled Collateral Balance 568,568,772.43 Ending Actual Collateral Balance at 31-May-2005 568,724,651.02 Monthly P&I Constant 2,737,411.42 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 204,563.70 Unscheduled Principal 5,586,351.79

Miscellaneous Reporting Total Senior Percentage 96.349921% Aggregate Senior Percentage 3.650079%

Group Level Collateral Statement Group 1-Three Year ARM 2- Five Year ARM 3- Seven Year ARM Collateral Description 3 Year LIBOR Arm 5 Year LIBOR Arm 7 Year LIBOR Arm Weighted Average Coupon Rate 5.250910 5.247820 5.540346 Weighted Average Net Rate 4.875910 4.997820 5.290346 Weighted Average Maturity 358 358 359 Beginning Loan Count 73 883 83 Loans Paid In Full 1 5 27 Ending Loan Count 72 878 56 Beginning Scheduled Balance 37,181,943.95 467,369,700.70 29,257,244.22 Ending Scheduled Balance 36,354,805.87 462,558,560.58 29,121,974.17 Record Date 05/31/2005 05/31/2005 05/31/2005 Principal And Interest Constant 183,223.55 2,202,318.67 149,860.75 Scheduled Principal 20,524.36 158,425.31 14,781.38 Unscheduled Principal 806,613.72 4,652,714.81 120,488.67 Scheduled Interest 162,699.19 2,043,893.36 135,079.37 Servicing Fees 11,619.36 97,368.69 6,095.26 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 108.45 1,363.16 85.33 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 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 150,971.38 1,945,161.51 128,898.78 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 4.872410 4.994320 5.286846

Group Level Collateral Statement Group 4- Ten Year ARM Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.657372 5.291836 Weighted Average Net Rate 5.407372 5.033744 Weighted Average Maturity 359 358 Beginning Loan Count 71 1,110 Loans Paid In Full 0 33 Ending Loan Count 71 1,077 Beginning Scheduled Balance 40,550,799.05 574,359,687.92 Ending scheduled Balance 40,533,431.81 568,568,772.43 Record Date 05/31/2005 05/31/2005 Principal And Interest Constant 202,008.45 2,737,411.42 Scheduled Principal 10,832.65 204,563.70 Unscheduled Principal 6,534.59 5,586,351.79 Scheduled Interest 191,175.80 2,532,847.72 Servicing Fees 8,448.08 123,531.39 Master Servicing Fees 0.00 0.00 Trustee Fee 118.27 1,675.21 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 1 0.00 0.00 Spread 2 0.00 0.00 Spread 3 0.00 0.00 Net Interest 182,609.45 2,407,641.12 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 5.403872 5.030244

Miscellaneous Reporting Group 1-Three Year ARM CPR 23.151675% Subordinate Percentage 3.649201% Subordinate Prepayment Percentage 0.000000% Senior Prepayment Percentage 100.000000% Senior Percentage 96.350799% Group 2- Five Year ARM CPR 11.316895% Subordinate Percentage 3.650151% Subordinate Prepayment Percentage 0.000000% Senior Prepayment Percentage 100.000000% Senior Percentage 96.349849% Group 3- Seven Year ARM CPR 4.833875% Subordinate Percentage 3.647794% Subordinate Prepayment Percentage 0.000000% Senior Prepayment Percentage 100.000000% Senior Percentage 96.352206%

Miscellaneous Reporting Group 4- Ten Year ARM CPR 0.193255% Subordinate Percentage 3.651713% Subordinate Prepayment Percentage 0.000000% Senior Prepayment Percentage 100.000000% Senior Percentage 96.348287%

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