8-K 1 cwa04bc3_8k0501.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): January 25, 2005 CWA (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: January 25, 2005 CWA By: /s/ Maria Tokarz ------------------------------ Name: Maria Tokarz Assistant Treasurer The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated January 25, 2005 Payment Date: 01/25/05 ------------------------------------------------------------ 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 ~~273~~254,~~096~~202,~~062~~154.0193 2.~~440000~~677500% 1815,~~893~~594,~~907~~357.0830 ~~573~~548,~~805~~282.1727 1916,~~467~~142,~~712~~639.2557 0.00 0.00 2A 5352,~~762~~159,~~505~~603.3204 2.~~560000~~797500% 15,~~602~~040,~~902~~480.2810 ~~118~~117,~~516~~543.4684 15,~~721~~158,~~418~~023.7494 0.00 0.00 P 100.00 0.000000% 0.00 ~~474~~442,~~619~~668.9619 ~~474~~442,~~619~~668.9619 0.00 0.00 C ~~397~~378,~~935~~663,~~604~~634.5125 0.000000% 0.00 0.00 0.00 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.~~730000~~967500% 0.00 34,~~380~~960.9486 34,~~380~~960.9486 0.00 0.00 M2 12,375,000.00 23.~~780000~~017500% 0.00 2930,~~624~~080.3870 2930,~~624~~080.3870 0.00 0.00 M3 8,550,000.00 23.~~850000~~087500% 0.00 2021,~~983~~265.1316 2021,~~983~~265.1316 0.00 0.00 M4 7,425,000.00 3.~~330000~~567500% 0.00 21,~~291~~338.1911 21,~~291~~338.1911 0.00 0.00 M5 6,525,000.00 3.~~430000~~667500% 0.00 19,~~272~~277.3130 19,~~272~~277.3130 0.00 0.00 M6 5,625,000.00 3.~~630000~~867500% 0.00 17,~~582~~524.8161 17,~~582~~524.8161 0.00 0.00 M7 5,625,000.00 4.~~080000~~317500% 0.00 19,~~762~~563.5067 19,~~762~~563.5067 0.00 0.00 M8 4,500,000.00 4.~~180000~~417500% 0.00 16,~~197~~013.5044 16,~~197~~013.5044 0.00 0.00 B 4,500,000.00 5.~~180000~~417500% 0.00 2019,~~072~~638.5044 2019,~~072~~638.5044 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~396~~376,~~608~~111,~~677~~867.3397 - 20,~~496~~634,~~809~~837.3740 1,~~366~~308,~~108~~156.8458 21,~~862~~942,~~918~~993.2098 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A ~~254~~238,~~202~~607,~~154~~797.9363 0.00 2A 5247,~~159~~119,~~603~~122.0493 0.00 P 100.00 0.00 C ~~378~~359,~~663~~171,~~634~~637.2523 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 - - ~~376~~355,~~111~~477,~~867~~030.9757 - --------------------------------------------------------------------------------

Payment Date: 01/25/05 ------------------------------------------------------------ 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 ~~273~~254,~~096~~202,~~062~~154.0193 2.~~440000~~677500% 126673BY7 5949.~~785169~~344547 1.~~815667~~734906 ~~804~~755.~~360836~~016288 2A 5352,~~762~~159,~~505~~603.3204 2.~~560000~~797500% 126673BZ4 2478.~~959550~~487700 1.~~845476~~830331 ~~812~~733.~~201854~~714153 P 100.00 0.000000% 126673CL4 0.000000 4,~~746~~426,~~199~~681.~~600000~~900000 1,000.000000 C ~~397~~378,~~935~~663,~~604~~634.5125 0.000000% 126673CK6 0.000000 0.000000 ~~841~~798.~~474743~~159194 Residual AR 0.00 0.000000% 126673CM2 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 14,625,000.00 2.~~730000~~967500% 126673CA8 0.000000 2.~~350833~~390486 1,000.000000 M2 12,375,000.00 23.~~780000~~017500% 126673CB6 0.000000 2.~~393889~~430764 1,000.000000 M3 8,550,000.00 23.~~850000~~087500% 126673CC4 0.000000 2.~~454167~~487153 1,000.000000 M4 7,425,000.00 3.~~330000~~567500% 126673CD2 0.000000 2.~~867500~~873819 1,000.000000 M5 6,525,000.00 3.~~430000~~667500% 126673CE0 0.000000 2.~~953611~~954375 1,000.000000 M6 5,625,000.00 3.~~630000~~867500% 126673CF7 0.000000 3.~~125833~~115486 1,000.000000 M7 5,625,000.00 4.~~080000~~317500% 126673CG5 0.000000 3.~~513333~~477986 1,000.000000 M8 4,500,000.00 4.~~180000~~417500% 126673CH3 0.000000 3.~~599444~~558542 1,000.000000 B 4,500,000.00 5.~~180000~~417500% 126673CJ9 0.000000 4.~~460556~~364097 1,000.000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~396~~376,~~608~~111,~~677~~867.3397 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securitiies, Series 2004-BC3 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 299,694,561.04 59,477,076.19 359,171,637.23 Loan count 2033 149 2182 Avg loan rate 6.940456% 6.545615% 6.87 Prepay amount 14,457,239.86 4,707,036.95 19,164,276.81 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 119,646.73 22,419.34 142,066.07 Sub servicer fees 0.00 0.00 0.00 Trustee fees 2,358.19 481.79 2,839.98 Agg advances N/A N/A N/A Adv this period 127,680.94 20,523.81 148,204.75 -------------------------------------------------------------------------------- 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 81.454986% 100.000000% 306,361,867.97 ----------------------------------------------------------------------------- Junior 18.545014% 0.000000% 69,750,000.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 58 8,112,391.20 60 to 89 days 26 3,234,369.60 90 or more 10 1,734,848.13 Foreclosure 43 7,139,805.35 Totals: 137 20,221,414.28 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 21,942,993.98 21,942,993.98 Principal remittance amount 20,634,837.40 20,634,837.40 Interest remittance amount 1,308,156.58 1,308,156.58

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