8-K 1 cwa05bc2_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-BC2) (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/ Maria Tokarz ------------------------------ Name: Maria Tokarz 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-BC2 ------------------------------------------------------------

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 ~~247~~234,~~780~~983,~~797~~610.2780 3.~~514380~~660000% 1211,~~797~~822,~~186~~069.4707 ~~677~~740,~~285~~590.6801 1312,~~474~~562,~~472~~659.1608 0.00 0.00 1A2 6158,~~945~~745,~~199~~902.3270 3.~~564380~~710000% 32,~~199~~955,~~296~~517.6227 ~~171~~187,~~730~~676.4084 3,~~371~~143,~~027~~194.0211 0.00 0.00 2A1 ~~159~~144,~~482~~583,~~921~~737.2425 3.~~404380~~550000% 1412,~~899~~121,~~183~~530.9969 ~~422~~441,~~287~~984.0345 1512,~~321~~563,~~471~~515.0214 0.00 0.00 2A2 80,140,000.00 3.~~514380~~660000% 0.00 ~~219~~252,~~055~~574.2157 ~~219~~252,~~055~~574.2157 0.00 0.00 2A3 31,915,000.00 3.~~634380~~780000% 0.00 90103,~~215~~883.4133 90103,~~215~~883.4133 0.00 0.00 M1 25,500,000.00 3.~~744380~~890000% 0.00 7485,~~263~~417.5492 7485,~~263~~417.5492 0.00 0.00 M2 23,625,000.00 3.~~764380~~910000% 0.00 6979,~~170~~544.4806 6979,~~170~~544.4806 0.00 0.00 M3 13,875,000.00 3.~~804380~~950000% 0.00 4147,~~055~~194.6027 4147,~~055~~194.6027 0.00 0.00 M4 12,750,000.00 34.~~924380~~070000% 0.00 3844,~~916~~685.7721 3844,~~916~~685.7721 0.00 0.00 M5 11,625,000.00 34.~~954380~~100000% 0.00 3541,~~754~~042.1971 3541,~~754~~042.1971 0.00 0.00 M6 10,875,000.00 34.~~994380~~140000% 0.00 3338,~~785~~769.8038 3338,~~785~~769.8038 0.00 0.00 M7 9,750,000.00 4.~~564380~~710000% 0.00 3439,~~613~~544.2138 3439,~~613~~544.2138 0.00 0.00 M8 6,750,000.00 4.~~664380~~810000% 0.00 2427,~~487~~958.9913 2427,~~487~~958.9913 0.00 0.00 B 7,500,000.00 5.~~064380~~210000% 0.00 2933,~~542~~647.2292 2933,~~542~~647.2292 0.00 0.00 P 100.00 0.000000% 0.00 ~~577~~528,~~162~~725.7658 ~~577~~528,~~162~~725.7658 0.00 0.00 C ~~707~~678,~~503~~477,~~808~~442.6634 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 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~703~~672,~~514~~618,~~017~~350.8375 - 3026,~~895~~899,~~667~~117.0803 2,~~539~~693,~~326~~238.2974 3329,~~434~~592,~~993~~355.3777 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A1 ~~234~~223,~~983~~161,~~610~~541.8073 0.00 1A2 5855,~~745~~790,~~902~~385.7043 0.00 2A1 ~~144~~132,~~583~~462,~~737~~206.2556 0.00 2A2 80,140,000.00 0.00 2A3 31,915,000.00 0.00 M1 25,500,000.00 0.00 M2 23,625,000.00 0.00 M3 13,875,000.00 0.00 M4 12,750,000.00 0.00 M5 11,625,000.00 0.00 M6 10,875,000.00 0.00 M7 9,750,000.00 0.00 M8 6,750,000.00 0.00 B 7,500,000.00 0.00 P 100.00 0.00 C ~~678~~653,~~477~~082,~~442~~869.3486 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~672~~645,~~618~~719,~~350~~233.7572 - --------------------------------------------------------------------------------

Payment Date: 08/25/05 ------------------------------------------------------------ Countrywide Home Loans Servicing LP Asset Backed Certificates, Series 2005-BC2 ------------------------------------------------------------

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 ~~247~~234,~~780~~983,~~797~~610.2780 3.~~514380~~660000% 126673E32 4744.~~779221~~138549 2.~~528695~~765046 ~~877~~833.~~328296~~189747 1A2 6158,~~945~~745,~~199~~902.3270 3.~~564380~~710000% 126673E40 4744.~~779221~~138549 2.~~564671~~802820 ~~877~~833.~~328296~~189747 2A1 ~~159~~144,~~482~~583,~~921~~737.2425 3.~~404380~~550000% 126673E57 8267.~~363714~~008655 2.~~334432~~443320 ~~799~~732.~~268842~~260187 2A2 80,140,000.00 3.~~514380~~660000% 126673E65 0.000000 23.~~733407~~151667 1,000.000000 2A3 31,915,000.00 3.~~634380~~780000% 126673E73 0.000000 23.~~826740~~255000 1,000.000000 M1 25,500,000.00 3.~~744380~~890000% 126673E81 0.000000 23.~~912296~~349722 1,000.000000 M2 23,625,000.00 3.~~764380~~910000% 126673E99 0.000000 23.~~927851~~366944 1,000.000000 M3 13,875,000.00 3.~~804380~~950000% 126673D66 0.000000 23.~~958962~~401389 1,000.000000 M4 12,750,000.00 34.~~924380~~070000% 126673D74 0.000000 3.~~052296~~504722 1,000.000000 M5 11,625,000.00 34.~~954380~~100000% 126673F23 0.000000 3.~~075629~~530556 1,000.000000 M6 10,875,000.00 34.~~994380~~140000% 126673F31 0.000000 3.~~106740~~565000 1,000.000000 M7 9,750,000.00 4.~~564380~~710000% 126673F49 0.000000 34.~~550073~~055833 1,000.000000 M8 6,750,000.00 4.~~664380~~810000% 126673F56 0.000000 34.~~627851~~141944 1,000.000000 B 7,500,000.00 5.~~064380~~210000% 126673F64 0.000000 34.~~938962~~486389 1,000.000000 P 100.00 0.000000% 126673D90 0.000000 5,~~771~~287,~~627~~255.~~600000~~800000 1,000.000000 C ~~707~~678,~~503~~477,~~808~~442.6634 0.000000% 126673D82 0.000000 0.000000 0.000000 Residual AR 0.00 0.000000% 126673E24 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~703~~672,~~514~~618,~~017~~350.8375 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Countrywide Home Loans Servicing LP Asset Backed Certificates, Series 2005-BC2 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 348,048,904.21 305,033,965.65 653,082,869.86 Loan count 2254 1332 3586 Avg loan rate 7.091606% 6.891653% 7.00 Prepay amount 13,665,897.68 11,235,638.64 24,901,536.32 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 141,970.97 124,724.66 266,695.62 Sub servicer fees 0.00 0.00 0.00 Trustee fees 2,715.00 2,373.58 5,088.58 Agg advances N/A N/A N/A Adv this period 172,014.44 135,717.33 307,731.77 -------------------------------------------------------------------------------- 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 7,999,998.76 7,000,001.24 15,000,000.00 Special Hazard 0.00 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 100.000000% 100.000000% 672,618,350.75 ----------------------------------------------------------------------------- Junior 0.000000% 0.000000% 0.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 0 0.00 60 to 89 days 0 0.00 90 or more 0 0.00 Foreclosure 0 0.00 Totals: 0 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 29,592,355.77 29,592,355.77 Principal remittance amount 26,899,117.03 26,899,117.03 Interest remittance amount 2,693,238.74 2,693,238.74

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