8-K 1 cwa04bc1_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-BC1) (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-BC1 ------------------------------------------------------------

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 A1 ~~583~~532,~~808~~218,~~355~~859.0044 2.~~410000~~647500% 5141,~~589~~904,~~495~~695.5606 1,~~211~~135,~~564~~067.5160 5243,~~801~~039,~~060~~762.0766 0.00 0.00 C ~~767~~715,~~368~~778,~~356~~860.1559 0.000000% 0.00 2,~~487~~204,~~366~~246.8464 2,~~487~~204,~~366~~246.8464 0.00 0.00 P 100.00 0.000000% 0.00 1951,~~300,191~~201.2142 1951,~~300,191~~201.2142 0.00 0.00 Residual AR 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M1 65,000,000.00 2.~~680000~~917500% 0.00 ~~150~~152,~~005~~763.5654 ~~150~~152,~~005~~763.5654 0.00 0.00 M2 52,000,000.00 3.~~250000~~487500% 0.00 ~~145~~146,~~527~~087.7850 ~~145~~146,~~527~~087.7850 0.00 0.00 M3 15,600,000.00 3.~~580000~~817500% 0.00 4847,~~091~~973.3325 4847,~~091~~973.3325 0.00 0.00 M4 15,600,000.00 34.~~830000~~067500% 0.00 51,~~449~~114.6792 51,~~449~~114.6792 0.00 0.00 M5 13,000,000.00 34.~~930000~~167500% 0.00 43,~~994~~642.1799 43,~~994~~642.1799 0.00 0.00 B 10,400,000.00 5.~~080000~~317500% 0.00 4544,~~494~~548.2283 4544,~~494~~548.2283 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~755~~703,~~408~~818,~~455~~959.0044 - 5141,~~589~~904,~~495~~695.5606 54,~~483~~776,~~685~~646.2868 5746,~~073~~681,~~180~~341.8474 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior A1 ~~532~~490,~~218~~314,~~859~~164.4438 0.00 C ~~715~~673,~~778~~874,~~860~~165.5953 0.00 P 100.00 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- Subordinate M1 65,000,000.00 0.00 M2 52,000,000.00 0.00 M3 15,600,000.00 0.00 M4 15,600,000.00 0.00 M5 13,000,000.00 0.00 B 10,400,000.00 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~703~~661,~~818~~914,~~959~~264.4438 - --------------------------------------------------------------------------------

Payment Date: 01/25/05 ------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securitiies, Series 2004-BC1 ------------------------------------------------------------

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 A1 ~~583~~532,~~808~~218,~~355~~859.0044 2.~~410000~~647500% 1266712T2 6048.~~018493~~751332 1.~~409517~~320522 ~~619~~570.~~175927~~424594 C ~~767~~715,~~368~~778,~~356~~860.1559 0.000000% 1266713A2 0.000000 2.~~391699~~119468 ~~688~~647.~~248838~~955866 P 100.00 0.000000% 1266713B0 0.000000 139,~~001~~512,~~912~~014.~~100000~~200000 1,000.000000 Residual AR 0.00 0.000000% 1266713C8 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 65,000,000.00 2.~~680000~~917500% 1266712U9 0.000000 2.~~307778~~350208 1,000.000000 M2 52,000,000.00 3.~~250000~~487500% 1266712V7 0.000000 2.~~798611~~809375 1,000.000000 M3 15,600,000.00 3.~~580000~~817500% 1266712W5 0.000000 3.~~082778~~075208 1,000.000000 M4 15,600,000.00 34.~~830000~~067500% 1266712X3 0.000000 3.~~298056~~276597 1,000.000000 M5 13,000,000.00 34.~~930000~~167500% 1266712Y1 0.000000 3.~~384167~~357153 1,000.000000 B 10,400,000.00 5.~~080000~~317500% 1266712Z8 0.000000 4.~~374444~~283542 1,000.000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~755~~703,~~408~~818,~~455~~959.0044 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securitiies, Series 2004-BC1 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 673,874,165.53 673,874,165.53 Loan count 4372 4372 Avg loan rate 7.032038% 7.03 Prepay amount 40,972,987.36 40,972,987.36 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 260,585.94 260,585.94 Sub servicer fees 103.23 103.23 Trustee fees 5,368.34 5,368.34 Agg advances N/A N/A Adv this period 351,419.27 351,419.27 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Total ----- Realized losses 64,403.26 64,403.26 Cumulative losses 509,138.77 509,138.77 Coverage Amounts Total ---------------- ----- Bankruptcy 0.00 0.00 Fraud 20,800,002.00 20,800,002.00 Special Hazard 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 75.618730% 100.000000% 532,218,959.44 ----------------------------------------------------------------------------- Junior 24.381270% 0.000000% 171,600,000.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 163 19,874,272.86 60 to 89 days 33 4,273,723.06 90 or more 23 3,043,008.76 Foreclosure 100 13,326,968.77 Totals: 319 40,517,973.45 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 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 N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A Totals: 0 N/A Current Total Outstanding Balance: 2,454,225.96 Current Total Outstanding Number of Loans: 19 -------------------------------------------------------------------------------- OTHER INFORMATION -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 46,681,341.74 46,681,341.74 Principal remittance amount 41,904,695.06 41,904,695.06 Interest remittance amount 4,776,646.68 4,776,646.68

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