8-K 1 bv0501_8k0506.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): June 22, 2005 BVMBS (Depositor) (Issuer in respect of Mortgage Pass-Through Certificates, Series 2005-1) (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: June 22, 2005 BVMBS By: /s/ AnnMarie Cassano ------------------------------ Name: AnnMarie Cassano Assistant Treasurer The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated June 22, 2005 Payment Date: 06/22/05 ------------------------------------------------------------ BELLA VISTA MORTGAGE TRUST Mortgage Pass-Through Certificates, Series 2005-1 ------------------------------------------------------------

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 1A1 ~~162~~160,~~004~~380,~~484~~520.1535 3.~~300630~~390000% 12,~~623~~448,~~963~~847.8139 ~~460~~453,~~450~~074.6397 2,~~084~~901,~~414~~922.4436 0.00 0.00 1A2 ~~108~~106,~~006~~924,~~916~~235.9605 3.~~360630~~450000% 1,~~082~~632,~~681~~624.9129 ~~312~~307,~~558~~407.6118 1,~~395~~940,~~240~~031.5247 0.00 0.00 2A ~~443~~420,~~505~~049,~~282~~989.6589 3.~~270630~~360000% 2337,~~455~~221,~~292~~607.7616 1,~~208~~176,~~784~~139.7497 2438,~~664~~397,~~077~~747.4913 0.00 0.00 3A 35,~~524~~380,~~846~~147.9801 5.~~005399~~005059% ~~144~~1,~~699~~100,529.9754 ~~148~~147,~~180~~566.0443 ~~292~~1,~~880~~248,095.0197 0.00 0.00 4A 75,~~491~~242,~~483~~161.7539 4.475000% ~~249~~128,~~322~~338.3658 ~~281~~280,~~520~~590.3256 ~~530~~408,~~842~~929.6814 0.00 0.00 1AX 10,491.59 ~~22261~~27078.~~349774~~990845% 0.00 ~~194~~236,~~630~~751.8039 ~~194~~236,~~630~~751.8039 0.00 0.00 2AX ~~443~~420,~~505~~049,~~282~~989.6589 0.~~696485~~935777% 0.00 ~~257~~327,~~412~~561.2606 ~~257~~327,~~412~~561.2606 0.00 0.00 4AX 75,~~491~~242,~~483~~161.7539 0.~~563836~~563641% 0.00 35,~~470~~341.7128 35,~~470~~341.7128 0.00 0.00 BX 669.71 ~~26641~~38639.~~922299~~551285% 0.00 1421,~~868~~564.6341 1421,~~868~~564.6341 0.00 0.00 Residual AR 0.00 4.~~300274~~476663% 0.00 0.3841 0.3841 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B1 19,139,~~929~~228.3739 3.~~500630~~590000% ~~700~~744.9809 5557,~~834~~258.8419 5658,~~535~~002.8228 0.00 0.00 B2 12,303,~~526~~075.4080 3.~~900630~~990000% ~~450~~478.6032 3940,~~992~~907.9273 4041,~~443~~386.5204 0.00 0.00 B3 9,~~114~~113,~~204~~870.4969 4.~~200630~~290000% ~~333~~354.8033 3132,~~904~~582.5009 32,~~238~~936.3041 0.00 0.00 B4 5,~~468~~467,~~122~~922.9064 4.~~200630~~290000% ~~200~~212.2658 19,~~141~~547.3082 19,~~341~~760.5640 0.00 0.00 B5 5,~~468~~467,~~122~~922.9064 4.~~200630~~290000% ~~200~~212.2658 19,~~141~~547.3082 19,~~341~~760.5640 0.00 0.00 B6 3,199,~~825~~708.8058 4.~~200630~~290000% ~~117~~124.1940 11,~~201~~438.0796 11,~~318~~563.2636 0.0203 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~879~~852,~~237~~679,~~907~~943.6673 - 2642,~~557~~534,~~963~~073.9125 3,~~091~~167,~~093~~280.0527 2945,~~649~~701,~~056~~353.9652 0.0203 - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A1 ~~160~~157,~~380~~931,~~520~~672.3596 0.00 1A2 ~~106~~105,~~924~~291,~~235~~610.0576 0.00 2A ~~420~~382,~~049~~828,~~989~~382.8973 0.00 3A 3534,~~380~~279,~~147~~617.0146 0.00 4A 75,~~242~~113,~~161~~822.3981 0.00 1AX 10,491.59 0.00 2AX ~~420~~382,~~049~~828,~~989~~382.8973 0.00 4AX 75,~~242~~113,~~161~~822.3981 0.00 BX 669.71 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- Subordinate B1 19,~~139~~138,~~228~~484.3930 0.00 B2 12,~~303~~302,~~075~~597.8048 0.00 B3 9,113,~~870~~516.6936 0.00 B4 5,467,~~922~~710.6406 0.00 B5 5,467,~~922~~710.6406 0.00 B6 3,199,~~708~~584.5816 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~852~~810,~~679~~145,~~943~~870.7345 - --------------------------------------------------------------------------------

Payment Date: 06/22/05 ------------------------------------------------------------ BELLA VISTA MORTGAGE TRUST Mortgage Pass-Through Certificates, Series 2005-1 ------------------------------------------------------------

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 1A1 ~~162~~160,~~004~~380,~~484~~520.1535 3.~~300630~~390000% 07820QBL8 914.~~842563~~842039 2.~~790711~~746009 ~~972~~957.~~038500~~196461 1A2 ~~108~~106,~~006~~924,~~916~~235.9605 3.~~360630~~450000% 07820QBM6 914.~~842563~~842039 2.~~841442~~794611 ~~972~~957.~~038500~~196461 2A ~~443~~420,~~505~~049,~~282~~989.6589 3.~~270630~~360000% 07820QBN4 5079.~~033368~~398812 2.~~578504~~508868 ~~896~~816.~~024450~~625638 3A 35,~~524~~380,~~846~~147.9801 5.~~005399~~005059% 07820QBP9 329.~~924919~~851345 4.~~019314~~002670 ~~959~~929.~~669813~~818468 4A 75,~~491~~242,~~483~~161.7539 4.475000% 07820QBQ7 31.~~253927~~674957 3.~~674145~~662010 ~~981~~980.~~991613~~316656 1AX 10,491.59 ~~22261~~27078.~~349774~~990845% 07820QBR5 0.000000 0.000000 0.000000 2AX ~~443~~420,~~505~~049,~~282~~989.6589 0.~~696485~~935777% 07820QBS3 0.000000 0.~~549096~~698733 ~~896~~816.~~024450~~625638 4AX 75,~~491~~242,~~483~~161.7539 0.~~563836~~563641% 07820QBT1 0.000000 0.~~462931~~461242 ~~981~~980.~~991613~~316656 BX 669.71 ~~26641~~38639.~~922299~~551285% 07820QBU8 0.000000 0.000000 0.000000 Residual AR 0.00 4.~~300274~~476663% 07820QCB9 0.000000 34.~~798774~~112707 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate B1 19,139,~~929~~228.3739 3.~~500630~~590000% 07820QBV6 0.~~036605~~038856 2.~~915658~~989984 999.~~437514~~398658 B2 12,303,~~526~~075.4080 3.~~900630~~990000% 07820QBW4 0.~~036605~~038856 3.~~248816~~323130 999.~~437514~~398658 B3 9,~~114~~113,~~204~~870.4969 4.~~200630~~290000% 07820QBX2 0.~~036605~~038856 3.~~498684~~572989 999.~~437514~~398658 B4 5,~~468~~467,~~122~~922.9064 4.~~200630~~290000% 07820QBY0 0.~~036605~~038856 3.~~498684~~572989 999.~~437514~~398658 B5 5,~~468~~467,~~122~~922.9064 4.~~200630~~290000% 07820QBZ7 0.~~036605~~038856 3.~~498684~~572989 999.~~437514~~398658 B6 3,199,~~825~~708.8058 4.~~200630~~290000% 07820QCA1 0.~~036605~~038856 3.~~498684~~572989 999.~~437491~~398626 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~879~~852,~~237~~679,~~907~~943.6673 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ BELLA VISTA MORTGAGE TRUST Mortgage Pass-Through Certificates, Series 2005-1 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Prin balance 280,764,905.65 412,749,724.27 36,632,457.72 Loan count 545 1240 170 Avg loan rate 4.860663% 4.701324% 5.264059% Prepay amount 4,282,654.17 37,219,627.58 1,097,345.90 Total ----- Prin balance 79,998,782.81 810,145,870.45 Loan count 245 2200 Avg loan rate 5.297641% 4.84 Prepay amount 106,996.92 42,706,624.57 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Master serv fees 80,575.03 73,076.50 4,770.02 Sub servicer fees 0.00 0.00 0.00 Trustee fees 2,136.35 3,374.79 283.00 Agg advances N/A N/A N/A Adv this period 2,512.93 26,799.63 0.00 Total ----- Master serv fees 16,622.18 175,043.73 Sub servicer fees 0.00 0.00 Trustee fees 600.96 6,395.10 Agg advances N/A N/A Adv this period 0.00 29,312.56 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Realized losses 0.00 0.00 0.00 Cumulative losses 0.00 0.00 0.00 Total ----- Realized losses 0.00 0.00 Cumulative losses 0.00 0.00 Coverage Amounts ---------------- Bankruptcy 0.00 0.00 0.00 Fraud 5,850,956.46 9,974,321.86 784,417.35 Special Hazard 0.00 0.00 0.00 Total ----- Bankruptcy 0.00 0.00 Fraud 1,630,276.51 18,239,972.19 Special Hazard 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 93.586135% 100.000000% 797,988,214.99 ----------------------------------------------------------------------------- Junior 6.413865% 0.000000% 54,689,602.42 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 16 6,020,713.88 60 to 89 days 2 801,990.77 90 or more 2 460,000.00 Foreclosure 2 550,400.00 Totals: 22 7,833,104.65 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 45,701,353.52 45,701,353.52 Principal remittance amount 42,534,073.25 42,534,073.25 Interest remittance amount 3,167,280.27 3,167,280.27

Filing Compare · BellaVista Mortgage Trust 2005-1