8-K 1 cwa0502_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 25, 2005 CWA (Depositor) (Issuer in respect of Asset-Backed Securities, Series 2005-02) (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 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 June 25, 2005 Payment Date: 06/25/05 ------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securities, Series 2005-02 ------------------------------------------------------------

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 ~~342~~339,~~794~~887,~~664~~658.7122 3.~~210000~~280000% 24,~~907~~564,~~006~~087.4925 ~~916~~1,~~975~~021,928.7389 35,~~823~~586,~~982~~016.2214 0.00 0.00 1A2 8584,~~698~~971,~~666~~914.1856 3.~~260000~~330000% ~~726~~1,~~751~~141,021.6281 ~~232~~259,~~814~~376.7177 ~~959~~1,~~566~~400,398.3358 0.00 0.00 2A1 ~~252~~239,~~351~~335,~~789~~150.41 3.~~110000~~180000% 1312,~~016~~450,~~639~~868.0004 ~~654~~697,~~011~~661.7296 13,~~670~~148,~~650~~530.7200 0.00 0.00 2A2 100,935,000.00 3.~~150000~~220000% 0.00 ~~264~~297,~~954~~926.3847 ~~264~~297,~~954~~926.3847 0.00 0.00 2A3 126,927,000.00 3.~~220000~~290000% 0.00 ~~340~~382,~~587~~790.4568 ~~340~~382,~~587~~790.4568 0.00 0.00 2A4 56,994,000.00 3.~~320000~~390000% 0.00 ~~157~~177,~~683~~108.4085 ~~157~~177,~~683~~108.4085 0.00 0.00 C 1,~~191~~174,~~301~~650,~~120~~723.3019 0.000000% 0.00 3,~~871~~422,~~220~~835.9424 3,~~871~~422,~~220~~835.9424 0.00 0.00 P 100.00 0.000000% 0.00 ~~247~~230,~~253~~792.5556 ~~247~~230,~~253~~792.5556 0.00 0.00 Residual AR 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M1 39,600,000.00 3.~~440000~~510000% 0.00 ~~113~~127,~~520~~413.00 ~~113~~127,~~520~~413.00 0.00 0.00 M2 36,600,000.00 3.~~460000~~530000% 0.00 ~~105~~118,~~530~~431.0050 ~~105~~118,~~530~~431.0050 0.00 0.00 M3 22,800,000.00 3.~~500000~~570000% 0.00 6674,~~500~~613.00 6674,~~500~~613.00 0.00 0.00 M4 58,800,000.00 3.~~730000~~800000% 0.00 ~~182~~204,~~770~~820.00 ~~182~~204,~~770~~820.00 0.00 0.00 M5 11,400,000.00 3.~~780000~~850000% 0.00 3540,~~910~~232.0050 3540,~~910~~232.0050 0.00 0.00 M6 16,800,000.00 4.~~370000~~440000% 0.00 6168,~~180~~376.00 6168,~~180~~376.00 0.00 0.00 M7 12,000,000.00 4.~~820000~~890000% 0.00 4853,~~200~~790.00 4853,~~200~~790.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 1,~~163~~147,~~701~~050,~~220~~823.3019 - 1618,~~650~~155,~~397~~977.1110 7,~~299~~178,~~111~~097.8844 2325,~~949~~334,~~508~~074.9954 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A1 ~~339~~335,~~887~~323,~~658~~570.2298 0.00 1A2 8483,~~971~~830,~~914~~892.5674 0.00 2A1 ~~239~~226,~~335~~884,~~150~~282.4137 0.00 2A2 100,935,000.00 0.00 2A3 126,927,000.00 0.00 2A4 56,994,000.00 0.00 C 1,~~174~~156,~~650~~494,~~723~~746.1909 0.00 P 100.00 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- Subordinate M1 39,600,000.00 0.00 M2 36,600,000.00 0.00 M3 22,800,000.00 0.00 M4 58,800,000.00 0.00 M5 11,400,000.00 0.00 M6 16,800,000.00 0.00 M7 12,000,000.00 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - 1,~~147~~128,~~050~~894,~~823~~846.1909 - --------------------------------------------------------------------------------

Payment Date: 06/25/05 ------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securities, Series 2005-02 ------------------------------------------------------------

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 ~~342~~339,~~794~~887,~~664~~658.7122 3.~~210000~~280000% 126673YW6 813.~~443531~~256597 2.~~663397~~968238 ~~987~~973.~~219009~~962412 1A2 8584,~~698~~971,~~666~~914.1856 3.~~260000~~330000% 126673YX4 813.~~443531~~256597 23.~~704883~~013486 ~~987~~973.~~219009~~962412 2A1 ~~252~~239,~~351~~335,~~789~~150.41 3.~~110000~~180000% 126673YY2 5048.~~221615~~038722 2.~~523349~~691763 ~~923~~875.~~417921~~379199 2A2 100,935,000.00 3.~~150000~~220000% 126673YZ9 0.000000 2.~~625000~~951667 1,000.000000 2A3 126,927,000.00 3.~~220000~~290000% 126673ZA3 0.000000 23.~~683333~~015833 1,000.000000 2A4 56,994,000.00 3.~~320000~~390000% 126673ZB1 0.000000 23.~~766667~~107500 1,000.000000 C 1,~~191~~174,~~301~~650,~~120~~723.3019 0.000000% 126673ZK1 0.000000 32.~~301963~~919511 ~~1,001~~986.~~919757~~433594 P 100.00 0.000000% 126673ZL9 0.000000 2,~~472~~307,~~535~~925.~~500000~~600000 1,000.000000 Residual AR 0.00 0.000000% 126673ZM7 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 39,600,000.00 3.~~440000~~510000% 126673ZC9 0.000000 23.~~866667~~217500 1,000.000000 M2 36,600,000.00 3.~~460000~~530000% 126673ZD7 0.000000 23.~~883333~~235833 1,000.000000 M3 22,800,000.00 3.~~500000~~570000% 126673ZE5 0.000000 23.~~916667~~272500 1,000.000000 M4 58,800,000.00 3.~~730000~~800000% 126673ZF2 0.000000 3.~~108333~~483333 1,000.000000 M5 11,400,000.00 3.~~780000~~850000% 126673ZG0 0.000000 3.~~150000~~529167 1,000.000000 M6 16,800,000.00 4.~~370000~~440000% 126673ZH8 0.000000 34.~~641667~~070000 1,000.000000 M7 12,000,000.00 4.~~820000~~890000% 126673ZJ4 0.000000 4.~~016667~~482500 1,000.000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - 1,~~163~~147,~~701~~050,~~220~~823.3019 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securities, Series 2005-02 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 518,794,463.80 637,700,282.29 1,156,494,746.09 Loan count 3087 3550 6637 Avg loan rate 7.405106% 7.768467% 7.61 Prepay amount 5,369,737.26 12,068,151.32 17,437,888.58 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 214,529.79 264,300.90 478,830.69 Sub servicer fees 0.00 0.00 0.00 Trustee fees 3,933.75 4,876.13 8,809.88 Agg advances N/A N/A N/A Adv this period 38,931.07 101,384.60 140,315.67 -------------------------------------------------------------------------------- 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 10,600,000.00 13,400,000.00 24,000,000.00 Special Hazard 0.00 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 82.738341% 100.000000% 949,050,823.19 ----------------------------------------------------------------------------- Junior 17.261659% 0.000000% 198,000,000.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 84 13,582,420.27 60 to 89 days 6 991,689.42 90 or more 0 0.00 Foreclosure 20 3,354,753.42 Totals: 110 17,928,863.11 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 25,334,074.54 25,334,074.54 Principal remittance amount 18,155,977.10 18,155,977.10 Interest remittance amount 7,178,097.44 7,178,097.44

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