8-K 1 cwa05bc3_8k0508.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): August 25, 2005 CWA (Depositor) (Issuer in respect of Asset Backed Certificates, Series 2005-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: August 25, 2005 CWA By: /s/ Cirino Emanuele ------------------------------ Name: Cirino Emanuele Assistant Treasurer The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated August 25, 2005 Payment Date: 08/25/05 ------------------------------------------------------------ Countrywide Home Loans Servicing LP Asset Backed Certificates, Series 2005-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 1A1 ~~377~~362,~~112~~449,~~000~~129.0052 3.~~580000~~710000% 1415,~~662~~979,~~870~~874.4844 ~~937~~1,~~542~~157,924.3329 1517,~~600~~137,~~412~~798.8273 0.00 0.00 1A2 9490,~~278~~612,~~000~~282.0038 3.~~630000~~760000% 3,~~665~~994,~~717~~968.6261 ~~237~~293,~~659~~382.1343 34,~~903~~288,~~376~~351.7505 0.00 0.00 2A1 ~~104~~94,~~167~~515,~~000~~572.0091 3.~~450000~~580000% 910,~~651~~178,~~427~~253.0934 ~~249~~291,~~566~~370.7751 910,~~900~~469,~~993~~623.8685 0.00 0.00 2A2 73,383,000.00 3.~~580000~~710000% 0.00 ~~182~~234,438.2930 ~~182~~234,438.2930 0.00 0.00 2A3 12,660,000.00 3.~~740000~~870000% 0.00 3242,~~880~~189.8345 3242,~~880~~189.8345 0.00 0.00 M1 43,200,000.00 3.~~850000~~980000% 0.00 ~~115~~148,~~500~~056.00 ~~115~~148,~~500~~056.00 0.00 0.00 M2 29,600,000.00 34.~~980000~~110000% 0.00 81104,~~811~~759.1133 81104,~~811~~759.1133 0.00 0.00 M3 8,400,000.00 4.~~050000~~180000% 0.00 2330,~~625~~235.0033 2330,~~625~~235.0033 0.00 0.00 M4 12,800,000.00 4.~~330000~~460000% 0.00 3849,~~488~~159.8911 3849,~~488~~159.8911 0.00 0.00 M5 10,000,000.00 4.~~430000~~560000% 0.00 3039,~~763~~266.8967 3039,~~763~~266.8967 0.00 0.00 M6 8,800,000.00 4.~~580000~~710000% 0.00 2735,~~988~~691.8933 2735,~~988~~691.8933 0.00 0.00 M7 9,200,000.00 5.~~280000~~410000% 0.00 3342,~~733~~859.3322 3342,~~733~~859.3322 0.00 0.00 M8 8,800,000.00 5.~~330000~~460000% 0.00 3241,~~572~~374.2267 3241,~~572~~374.2267 0.00 0.00 B 7,600,000.00 5.~~330000~~460000% 0.00 2835,~~130~~732.5667 2835,~~130~~732.5667 0.00 0.00 P 100.00 0.000000% 0.00 ~~255~~515,~~637~~420.5307 ~~255~~515,~~637~~420.5307 0.00 0.00 C ~~800~~774,~~000~~121,~~295~~388.7811 0.000000% 0.00 0.00 0.00 0.00 0.00 Residual AR ~~100~~0.00 0.000000% ~~100~~0.00 0.00 ~~100~~0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~800~~772,~~000~~020,~~200~~084.0081 - 2730,~~980~~153,~~115~~096.1939 23,~~308~~061,~~338~~859.7738 3033,~~288~~214,~~453~~955.9678 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A1 ~~362~~346,~~449~~469,~~129~~255.5207 0.00 1A2 9086,~~612~~617,~~282~~313.3877 0.00 2A1 9484,~~515~~337,~~572~~319.9158 0.00 2A2 73,383,000.00 0.00 2A3 12,660,000.00 0.00 M1 43,200,000.00 0.00 M2 29,600,000.00 0.00 M3 8,400,000.00 0.00 M4 12,800,000.00 0.00 M5 10,000,000.00 0.00 M6 8,800,000.00 0.00 M7 9,200,000.00 0.00 M8 8,800,000.00 0.00 B 7,600,000.00 0.00 P 100.00 0.00 C ~~774~~745,~~121~~438,~~388~~702.1123 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~772~~741,~~020~~866,~~084~~988.8142 - --------------------------------------------------------------------------------

Payment Date: 08/25/05 ------------------------------------------------------------ Countrywide Home Loans Servicing LP Asset Backed Certificates, Series 2005-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 1A1 ~~377~~362,~~112~~449,~~000~~129.0052 3.~~580000~~710000% 1266732X9 3842.~~882005~~374346 23.~~486111~~070505 ~~961~~918.~~117995~~743649 1A2 9490,~~278~~612,~~000~~282.0038 3.~~630000~~760000% 1266732Y7 3842.~~882005~~374346 23.~~520833~~111886 ~~961~~918.~~117995~~743649 2A1 ~~104~~94,~~167~~515,~~000~~572.0091 3.~~450000~~580000% 1266732Z4 9297.~~653404~~710919 2.~~395833~~797148 ~~907~~809.~~346596~~635677 2A2 73,383,000.00 3.~~580000~~710000% 1266733A8 0.000000 23.~~486111~~194722 1,000.000000 2A3 12,660,000.00 3.~~740000~~870000% 1266733B6 0.000000 23.~~597222~~332500 1,000.000000 M1 43,200,000.00 3.~~850000~~980000% 1266733C4 0.000000 23.~~673611~~427222 1,000.000000 M2 29,600,000.00 34.~~980000~~110000% 1266733D2 0.000000 23.~~763889~~539167 1,000.000000 M3 8,400,000.00 4.~~050000~~180000% 1266733E0 0.000000 23.~~812500~~599444 1,000.000000 M4 12,800,000.00 4.~~330000~~460000% 1266733F7 0.000000 3.~~006944~~840556 1,000.000000 M5 10,000,000.00 4.~~430000~~560000% 1266733G5 0.000000 3.~~076389~~926667 1,000.000000 M6 8,800,000.00 4.~~580000~~710000% 1266733H3 0.000000 34.~~180556~~055833 1,000.000000 M7 9,200,000.00 5.~~280000~~410000% 1266733J9 0.000000 34.~~666667~~658611 1,000.000000 M8 8,800,000.00 5.~~330000~~460000% 1266733K6 0.000000 34.~~701389~~701667 1,000.000000 B 7,600,000.00 5.~~330000~~460000% 1266733L4 0.000000 34.~~701389~~701667 1,000.000000 P 100.00 0.000000% 1266733N0 0.000000 25,~~556~~154,~~375~~200.~~300000~~700000 1,000.000000 C ~~800~~774,~~000~~121,~~295~~388.7811 0.000000% 1266733M2 0.000000 0.000000 ~~967~~931.~~651377~~798033 Residual AR ~~100~~0.00 0.000000% 1266733P5 ~~1,000~~0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~800~~772,~~000~~020,~~200~~084.0081 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Countrywide Home Loans Servicing LP Asset Backed Certificates, Series 2005-BC3 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 534,046,936.28 211,391,765.95 745,438,702.23 Loan count 3768 801 4569 Avg loan rate 6.818224% 6.529246% 6.74 Prepay amount 18,592,491.32 9,565,822.84 28,158,314.16 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 221,905.36 89,546.09 311,451.46 Sub servicer fees 0.00 0.00 0.00 Trustee fees 4,147.86 1,658.05 5,805.91 Agg advances N/A N/A N/A Adv this period 227,848.00 70,200.28 298,048.28 -------------------------------------------------------------------------------- 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 11,399,998.93 4,600,006.99 16,000,005.92 Special Hazard 0.00 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 100.000000% 100.000000% 772,020,084.81 ----------------------------------------------------------------------------- Junior 0.000000% 0.000000% 0.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 123 20,383,993.88 60 to 89 days 21 2,644,317.09 90 or more 1 181,102.35 Foreclosure 4 439,389.85 Totals: 149 23,648,803.17 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 33,214,955.78 33,214,955.78 Principal remittance amount 30,153,096.39 30,153,096.39 Interest remittance amount 3,061,859.38 3,061,859.38

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