-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, E98IP+giTkzMhnUz0PSEIbNPBm3F33EivQCRLKfMAt/YDVPYGnTIcYi5cF0SeCtT 8Yr7zydimqP9ZzYwb/Vx2w== 0001071787-04-001084.txt : 20041001 0001071787-04-001084.hdr.sgml : 20041001 20041001154050 ACCESSION NUMBER: 0001071787-04-001084 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040925 ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041001 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CWABS Asset Backed Certificates Trust 2004-BC3 CENTRAL INDEX KEY: 0001298710 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-109272-21 FILM NUMBER: 041058564 BUSINESS ADDRESS: STREET 1: 4500 PARK GRANADA CITY: CALABASAS STATE: CA ZIP: 91302 BUSINESS PHONE: (818) 225-4898 MAIL ADDRESS: STREET 1: 4500 PARK GRANADA CITY: CALABASAS STATE: CA ZIP: 91302 8-K 1 cwa04bc3_8k0409.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): September 25, 2004 CW (Depositor) (Issuer in respect of Asset-Backed Securitiies, Series 2004-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) Item 5. Other Events CW Asset-Backed Securitiies Series 2004-BC3 On September 25, 2004, The Bank of New York, as Trustee for CW, Asset-Backed Securitiies Series 2004-BC3, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of July 1, 2004, among CW as Depositor, Countrywide Home Loans, Seller and Master Servicer and The Bank of New York, as Trustee. Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit No. Description 99 Report to Holders of CW, Asset-Backed Securitiies Series 2004-BC3 relating to the distribution date of September 25, 2004 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of July 1, 2004. 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: September 25, 2004 CW By: /s/ Courtney Bartholomew ------------------------------ Name: Courtney Bartholomew Vice President The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated September 25, 2004 Payment Date: 09/25/04 ------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securitiies, Series 2004-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 1A 306,597,417.55 1.875000% 9,555,232.67 526,964.31 10,082,196.98 0.00 0.00 2A 62,086,422.81 1.995000% 2,713,414.97 113,540.55 2,826,955.52 0.00 0.00 P 100.00 0.000000% 0.00 341,745.62 341,745.62 0.00 0.00 C 438,433,840.36 0.000000% 0.00 1,524,592.08 1,524,592.08 0.00 0.00 Residual AR 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M1 14,625,000.00 2.165000% 0.00 29,024.53 29,024.53 0.00 0.00 M2 12,375,000.00 2.215000% 0.00 25,126.41 25,126.41 0.00 0.00 M3 8,550,000.00 2.285000% 0.00 17,908.69 17,908.69 0.00 0.00 M4 7,425,000.00 2.765000% 0.00 18,819.28 18,819.28 0.00 0.00 M5 6,525,000.00 2.865000% 0.00 17,136.28 17,136.28 0.00 0.00 M6 5,625,000.00 3.065000% 0.00 15,803.91 15,803.91 0.00 0.00 M7 5,625,000.00 3.515000% 0.00 18,124.22 18,124.22 0.00 0.00 M8 4,500,000.00 3.615000% 0.00 14,911.88 14,911.88 0.00 0.00 B 4,500,000.00 4.615000% 0.00 19,036.88 19,036.88 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 438,433,950.36 - 12,268,647.64 2,682,734.62 14,951,382.26 - - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information - -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest - -------------------------------------------------------------------------------- Senior 1A 297,042,184.88 0.00 2A 59,373,007.84 0.00 P 100.00 0.00 C 426,165,192.72 0.00 Residual AR 0.00 0.00 - -------------------------------------------------------------------------------- Subordinate M1 14,625,000.00 0.00 M2 12,375,000.00 0.00 M3 8,550,000.00 0.00 M4 7,425,000.00 0.00 M5 6,525,000.00 0.00 M6 5,625,000.00 0.00 M7 5,625,000.00 0.00 M8 4,500,000.00 0.00 B 4,500,000.00 0.00 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Totals - - 426,165,302.72 - - --------------------------------------------------------------------------------
Payment Date: 09/25/04 ------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securitiies, Series 2004-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 1A 306,597,417.55 1.875000% 126673BY7 30.235208 1.667450 939.917681 2A 62,086,422.81 1.995000% 126673BZ4 42.251868 1.767994 924.525192 P 100.00 0.000000% 126673CL4 0.000000 3,417,456.200000 1,000.000000 C 438,433,840.36 0.000000% 126673CK6 0.000000 3.387982 947.033762 Residual AR 0.00 0.000000% 126673CM2 0.000000 0.000000 0.000000 - ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 14,625,000.00 2.165000% 126673CA8 0.000000 1.984583 1,000.000000 M2 12,375,000.00 2.215000% 126673CB6 0.000000 2.030417 1,000.000000 M3 8,550,000.00 2.285000% 126673CC4 0.000000 2.094583 1,000.000000 M4 7,425,000.00 2.765000% 126673CD2 0.000000 2.534583 1,000.000000 M5 6,525,000.00 2.865000% 126673CE0 0.000000 2.626250 1,000.000000 M6 5,625,000.00 3.065000% 126673CF7 0.000000 2.809583 1,000.000000 M7 5,625,000.00 3.515000% 126673CG5 0.000000 3.222083 1,000.000000 M8 4,500,000.00 3.615000% 126673CH3 0.000000 3.313750 1,000.000000 B 4,500,000.00 4.615000% 126673CJ9 0.000000 4.230417 1,000.000000 - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ Totals - - 438,433,950.36 - - - - - - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securitiies, Series 2004-BC3 ------------------------------------------------------------ - -------------------------------------------------------------------------------- COLLATERAL INFORMATION - -------------------------------------------------------------------------------- Total ----- Prin balance 355,012,824.19 71,152,368.53 426,165,192.72 Loan count 2344 180 2524 Avg loan rate 6.975513% 6.624185% 6.92 Prepay amount 9,165,192.07 2,660,287.42 11,825,479.49 - -------------------------------------------------------------------------------- FEES AND ADVANCES - -------------------------------------------------------------------------------- Total ----- Master serv fees 145,189.95 28,995.01 174,184.95 Sub servicer fees 0.00 0.00 0.00 Trustee fees 2,734.26 553.99 3,288.25 Agg advances N/A N/A N/A Adv this period 82,771.64 9,292.63 92,064.27 - -------------------------------------------------------------------------------- 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 7,480,000.05 1,519,983.88 8,999,983.93 Special Hazard 0.00 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 84.091104% 100.000000% 368,683,950.36 ----------------------------------------------------------------------------- Junior 15.908896% 0.000000% 69,750,000.00 ----------------------------------------------------------------------------- - -------------------------------------------------------------------------------- DELINQUENCY INFORMATION - -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance - ------ ---------- --------------------- 30 to 59 days 57 8,636,985.34 60 to 89 days 13 1,605,741.97 90 or more 0 0.00 Foreclosure 12 2,099,881.65 Totals: 82 12,342,608.96 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 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 14,951,382.26 14,951,382.26 Principal remittance amount 12,268,647.64 12,268,647.64 Interest remittance amount 2,682,734.62 2,682,734.62 -----END PRIVACY-ENHANCED MESSAGE-----