8-K 1 cwa05bc2_8k0601.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, 2006 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: January 25, 2006 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, 2006 Payment Date: 01/25/06 ------------------------------------------------------------ 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 ~~211~~168,~~164~~650,~~861~~779.6463 4.~~030000~~578750% 1316,~~677~~163,~~206~~375.0317 ~~685~~622,~~523~~057.2686 1416,~~362~~785,~~729~~433.2903 0.00 0.00 1A2 5242,~~791~~162,~~215~~694.4191 4.~~080000~~628750% 34,~~419~~040,~~301~~843.5179 ~~173~~157,~~507~~212.1368 34,~~592~~198,~~808~~056.6348 0.00 0.00 2A1 ~~112~~62,~~086~~722,~~337~~979.6469 34.~~920000~~468750% 1715,~~792~~815,~~788~~794.1957 ~~353~~225,~~943~~791.7584 1816,~~146~~041,~~731~~586.9341 0.00 0.00 2A2 80,140,000.00 4.~~030000~~578750% 0.00 ~~260~~295,~~165~~591.6138 ~~260~~295,~~165~~591.6138 0.00 0.00 2A3 31,915,000.00 4.~~150000~~698750% 0.00 ~~106~~120,~~693~~801.6260 ~~106~~120,~~693~~801.6260 0.00 0.00 M1 25,500,000.00 4.~~260000~~808750% 0.00 8798,~~507~~779.5074 8798,~~507~~779.5074 0.00 0.00 M2 23,625,000.00 4.~~280000~~828750% 0.00 8191,~~453~~897.7515 8191,~~453~~897.7515 0.00 0.00 M3 13,875,000.00 4.~~320000~~868750% 0.00 4854,~~285~~418.0042 4854,~~285~~418.0042 0.00 0.00 M4 12,750,000.00 4.~~440000~~988750% 0.00 4551,~~602~~238.5062 4551,~~602~~238.5062 0.00 0.00 M5 11,625,000.00 45.~~470000~~018750% 0.00 4146,~~859~~998.6950 4146,~~859~~998.6950 0.00 0.00 M6 10,875,000.00 45.~~510000~~058750% 0.00 3944,~~509~~316.4876 3944,~~509~~316.4876 0.00 0.00 M7 9,750,000.00 5.~~080000~~628750% 0.00 3944,~~899~~209.1714 3944,~~899~~209.1714 0.00 0.00 M8 6,750,000.00 5.~~180000~~728750% 0.00 2831,~~166~~150.2508 2831,~~166~~150.2508 0.00 0.00 B 7,500,000.00 56.~~580000~~128750% 0.00 3337,~~712~~027.5086 3337,~~712~~027.5086 0.00 0.00 P 100.00 0.000000% 0.00 ~~724~~691,~~759~~785.1423 ~~724~~691,~~759~~785.1423 0.00 0.00 C ~~618~~519,~~980~~573,~~196~~054.6484 0.000000% 0.00 24113.9691 24113.9691 0.00 0.00 Residual AR 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~610~~507,~~347~~841,~~514~~554.7023 - 3436,~~889~~020,~~295~~013.7253 2,~~750,~~613,390.2978 3738,~~639~~633,~~909~~404.0131 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A1 ~~197~~152,487,~~655~~404.6246 0.00 1A2 4938,~~371~~121,~~913~~851.9012 0.00 2A1 9446,~~293~~907,~~549~~185.4611 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 ~~585~~484,~~408~~415,~~668~~633.7939 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~575~~471,~~458~~821,~~218~~540.9869 - --------------------------------------------------------------------------------

Payment Date: 01/25/06 ------------------------------------------------------------ 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 ~~211~~168,~~164~~650,~~861~~779.6463 4.~~030000~~578750% 126673E32 5160.~~064837~~347130 2.~~559451~~322498 ~~737~~569.~~334437~~322747 1A2 5242,~~791~~162,~~215~~694.4191 4.~~080000~~628750% 126673E40 5160.~~064837~~347130 2.~~591206~~347860 ~~737~~569.~~334437~~322747 2A1 ~~112~~62,~~086~~722,~~337~~979.6469 34.~~920000~~468750% 126673E57 9887.~~359757~~430800 1.~~956625~~248193 ~~521~~259.~~261226~~306145 2A2 80,140,000.00 4.~~030000~~578750% 126673E65 0.000000 3.~~246389~~688437 1,000.000000 2A3 31,915,000.00 4.~~150000~~698750% 126673E73 0.000000 3.~~343056~~785104 1,000.000000 M1 25,500,000.00 4.~~260000~~808750% 126673E81 0.000000 3.~~431667~~873715 1,000.000000 M2 23,625,000.00 4.~~280000~~828750% 126673E99 0.000000 3.~~447778~~889826 1,000.000000 M3 13,875,000.00 4.~~320000~~868750% 126673D66 0.000000 3.~~480000~~922049 1,000.000000 M4 12,750,000.00 4.~~440000~~988750% 126673D74 0.000000 34.~~576667~~018715 1,000.000000 M5 11,625,000.00 45.~~470000~~018750% 126673F23 0.000000 34.~~600833~~042882 1,000.000000 M6 10,875,000.00 45.~~510000~~058750% 126673F31 0.000000 34.~~633056~~075104 1,000.000000 M7 9,750,000.00 5.~~080000~~628750% 126673F49 0.000000 4.~~092222~~534271 1,000.000000 M8 6,750,000.00 5.~~180000~~728750% 126673F56 0.000000 4.~~172778~~614826 1,000.000000 B 7,500,000.00 56.~~580000~~128750% 126673F64 0.000000 4.~~495000~~937049 1,000.000000 P 100.00 0.000000% 126673D90 0.000000 76,~~247~~917,~~591~~852.~~400000~~300000 1,000.000000 C ~~618~~519,~~980~~573,~~196~~054.6484 0.000000% 126673D82 0.000000 0.000000 0.000000 Residual AR 0.00 0.000000% 126673E24 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~610~~507,~~347~~841,~~514~~554.7023 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Countrywide Home Loans Servicing LP Asset Backed Certificates, Series 2005-BC2 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 262,326,886.05 222,088,747.34 484,415,633.39 Loan count 1794 1009 2803 Avg loan rate 7.102260% 6.902844% 7.01 Prepay amount 19,412,333.49 15,267,670.40 34,680,003.89 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 103,292.97 90,748.82 194,041.79 Sub servicer fees 0.00 0.00 0.00 Trustee fees 2,115.46 1,781.34 3,896.80 Agg advances N/A N/A N/A Adv this period 156,755.50 123,361.87 280,117.37 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Total ----- Realized losses 31,179.92 0.00 31,179.92 Cumulative losses 39,020.31 55,857.79 94,878.10 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% 507,841,554.23 ----------------------------------------------------------------------------- Junior 0.000000% 0.000000% 0.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 113 18,663,120.48 60 to 89 days 39 6,364,289.62 90 or more 25 3,525,365.45 Foreclosure 49 8,010,006.07 Totals: 226 36,562,781.62 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 Totals: 0 N/A Current Total Outstanding Balance: 1,781,462.71 Current Total Outstanding Number of Loans: 11 -------------------------------------------------------------------------------- OTHER INFORMATION -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 38,633,404.31 38,633,404.31 Principal remittance amount 36,020,013.53 36,020,013.53 Interest remittance amount 2,613,390.78 2,613,390.78

Filing Compare · CWABS INC ASSET-BACKED CERTIFICATES TRUST 2005-BC2