8-K 1 cwa04bc3_8k0412.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 25, 2004 CW (Depositor) (Issuer in respect of Asset-Backed Securitiies, Series 2004-BC3) (Exact name of registrant as specified in charter) Delaware 33-63714 95-4449516 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) , , N/A 91110-7137 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (818)-304-4428 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions. []Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) []Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) []Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) []Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Section 8 - Other Events Item 8.01 Other Events Section 9 - Financial Statements and Exhibits Item 9.01 Financial Statements and Exhibits SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: December 25, 2004 CW By: /s/ Maria Tokarz ------------------------------ Name: Maria Tokarz Assistant Treasurer The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated December 25, 2004 Payment Date: 12/25/04 ------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securitiies, Series 2004-BC3 ------------------------------------------------------------

Class Information Current Payment Information ---------------------------------------------------------------------------------------------------------------------------------- Beginning Pass Thru Principal Interest Total Principal Interest Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls ---------------------------------------------------------------------------------------------------------------------------------- Senior 1A ~~306~~273,~~597~~096,~~417~~062.5501 12.~~875000~~440000% 918,~~555~~893,~~232~~907.6708 ~~526~~573,~~964~~805.3117 1019,~~082~~467,~~196~~712.9825 0.00 0.00 2A 6253,~~086~~762,~~422~~505.8132 12.~~995000~~560000% 21,~~713~~602,~~414~~902.9728 ~~113~~118,~~540~~516.5546 21,~~826~~721,~~955~~418.5274 0.00 0.00 P 100.00 0.000000% 0.00 ~~341~~474,~~745~~619.6296 ~~341~~474,~~745~~619.6296 0.00 0.00 C ~~438~~397,~~433~~935,~~840~~604.3651 0.000000% 0.00 ~~1,524,592~~0.0800 ~~1,524,592~~0.0800 0.00 0.00 Residual AR 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M1 14,625,000.00 2.~~165000~~730000% 0.00 2934,~~024~~380.5394 2934,~~024~~380.5394 0.00 0.00 M2 12,375,000.00 2.~~215000~~780000% 0.00 2529,~~126~~624.4138 2529,~~126~~624.4138 0.00 0.00 M3 8,550,000.00 2.~~285000~~850000% 0.00 1720,~~908~~983.6913 1720,~~908~~983.6913 0.00 0.00 M4 7,425,000.00 23.~~765000~~330000% 0.00 1821,~~819~~291.2819 1821,~~819~~291.2819 0.00 0.00 M5 6,525,000.00 23.~~865000~~430000% 0.00 1719,~~136~~272.2831 1719,~~136~~272.2831 0.00 0.00 M6 5,625,000.00 3.~~065000~~630000% 0.00 1517,~~803~~582.9181 1517,~~803~~582.9181 0.00 0.00 M7 5,625,000.00 34.~~515000~~080000% 0.00 1819,~~124~~762.2250 1819,~~124~~762.2250 0.00 0.00 M8 4,500,000.00 34.~~615000~~180000% 0.00 1416,~~911~~197.8850 1416,~~911~~197.8850 0.00 0.00 B 4,500,000.00 45.~~615000~~180000% 0.00 1920,~~036~~072.8850 1920,~~036~~072.8850 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~438~~396,~~433~~608,~~950~~677.3633 - 1220,~~268~~496,~~647~~809.6437 21,~~682~~366,~~734~~108.6284 1421,~~951~~862,~~382~~918.2620 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A ~~297~~254,~~042~~202,~~184~~154.8893 0.00 2A 5952,~~373~~159,~~007~~603.8404 0.00 P 100.00 0.00 C ~~426~~378,~~165~~663,~~192~~634.7225 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- Subordinate M1 14,625,000.00 0.00 M2 12,375,000.00 0.00 M3 8,550,000.00 0.00 M4 7,425,000.00 0.00 M5 6,525,000.00 0.00 M6 5,625,000.00 0.00 M7 5,625,000.00 0.00 M8 4,500,000.00 0.00 B 4,500,000.00 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~426~~376,~~165~~111,~~302~~867.7297 - --------------------------------------------------------------------------------

Payment Date: 12/25/04 ------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securitiies, Series 2004-BC3 ------------------------------------------------------------

Class Information Current Payment Information Factors per $1,000 ------------------------------------------------------------------------------------------------------------------------ Beginning Pass Thru CUSIP Principal Interest Ending Cert./ Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal. ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Senior 1A ~~306~~273,~~597~~096,~~417~~062.5501 12.~~875000~~440000% 126673BY7 3059.~~235208~~785169 1.~~667450~~815667 ~~939~~804.~~917681~~360836 2A 6253,~~086~~762,~~422~~505.8132 12.~~995000~~560000% 126673BZ4 4224.~~251868~~959550 1.~~767994~~845476 ~~924~~812.~~525192~~201854 P 100.00 0.000000% 126673CL4 0.000000 34,~~417~~746,~~456~~199.~~200000~~600000 1,000.000000 C ~~438~~397,~~433~~935,~~840~~604.3651 0.000000% 126673CK6 0.000000 30.~~387982~~000000 ~~947~~841.~~033762~~474743 Residual AR 0.00 0.000000% 126673CM2 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 14,625,000.00 2.~~165000~~730000% 126673CA8 0.000000 12.~~984583~~350833 1,000.000000 M2 12,375,000.00 2.~~215000~~780000% 126673CB6 0.000000 2.~~030417~~393889 1,000.000000 M3 8,550,000.00 2.~~285000~~850000% 126673CC4 0.000000 2.~~094583~~454167 1,000.000000 M4 7,425,000.00 23.~~765000~~330000% 126673CD2 0.000000 2.~~534583~~867500 1,000.000000 M5 6,525,000.00 23.~~865000~~430000% 126673CE0 0.000000 2.~~626250~~953611 1,000.000000 M6 5,625,000.00 3.~~065000~~630000% 126673CF7 0.000000 23.~~809583~~125833 1,000.000000 M7 5,625,000.00 34.~~515000~~080000% 126673CG5 0.000000 3.~~222083~~513333 1,000.000000 M8 4,500,000.00 34.~~615000~~180000% 126673CH3 0.000000 3.~~313750~~599444 1,000.000000 B 4,500,000.00 45.~~615000~~180000% 126673CJ9 0.000000 4.~~230417~~460556 1,000.000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~438~~396,~~433~~608,~~950~~677.3633 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securitiies, Series 2004-BC3 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 314,425,240.04 64,238,394.21 378,663,634.25 Loan count 2118 162 2280 Avg loan rate 6.957238% 6.555837% 6.89 Prepay amount 17,477,888.14 1,450,818.32 18,928,706.46 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 125,535.27 25,735.67 151,270.94 Sub servicer fees 0.00 0.00 0.00 Trustee fees 2,491.43 493.09 2,984.52 Agg advances N/A N/A N/A Adv this period 129,258.72 20,039.60 149,298.32 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Total ----- Realized losses 0.00 0.00 0.00 Cumulative losses 0.00 0.00 0.00 Coverage Amounts Total ---------------- ----- Bankruptcy 0.00 0.00 0.00 Fraud 7,480,000.05 1,519,983.88 8,999,983.93 Special Hazard 0.00 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 82.413395% 100.000000% 326,858,677.33 ----------------------------------------------------------------------------- Junior 17.586605% 0.000000% 69,750,000.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 73 11,109,766.56 60 to 89 days 19 2,577,563.03 90 or more 5 1,084,065.94 Foreclosure 39 5,623,546.49 Totals: 136 20,394,942.02 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- REO INFORMATION -------------------------------------------------------------------------------- REO Date Loan Number Ending Stated Balance Book Value -------- ----------- --------------------- ---------- N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A Totals: 0 N/A Current Total Outstanding Balance: 0.00 Current Total Outstanding Number of Loans: 0 -------------------------------------------------------------------------------- OTHER INFORMATION -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 21,862,918.20 21,862,918.20 Principal remittance amount 20,496,809.37 20,496,809.37 Interest remittance amount 1,366,108.84 1,366,108.84

Filing Compare · CWABS Asset Backed Certificates Trust 2004-BC3