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Fitch Rates BoAMSI $717.6MM Series 2005-G.

NEW YORK -- Banc of America Mortgage Securities, Inc. (BoAMSI), series 2005-G, mortgage pass-through certificates, are rated by Fitch Ratings as follows:

E[acute accent]-- $692,072,100 1-A-1, 1-A-2, 1-A-R, 2-A-1 through 2-A-5, 3-A-1, 3-A-2, and 4-A-1 through 4-A-4 (senior certificates) 'AAA';

E[acute accent]-- $16,177,000 class B-1 'AA';

E[acute accent]-- $4,314,000 class B-2 'A';

E[acute accent]-- $2,517,000 class B-3 'BBB';

E[acute accent]-- $1,438,000 class B-4 'BB';

E[acute accent]-- $1,079,000 class B-5 'B'.

E[acute accent]The 'AAA' rating on the senior certificates reflects the 3.75% subordination provided by the 2.25% class B-1, the 0.60% class B-2, the 0.35% class B-3, the 0.20% privately offered class B-4, the 0.15% privately offered class B-5, and the 0.20% privately offered class B-6. The ratings on class B-1, B-2, B-3, B-4, and B-5 certificates reflect each certificate's respective level of subordination. Class B-6 and class 1-IO are not rated by Fitch. E[acute accent]The ratings also reflect the quality of the underlying mortgage collateral, the primary servicing capabilities of Bank of America Mortgage, Inc. (rated 'RPS1' by Fitch), and Fitch's confidence in the integrity of the legal and financial structure of the transaction. E[acute accent]The transaction consists of four groups of adjustable interest rate, fully amortizing mortgage loans, secured by first liens on one- to four-family properties, with a total of 1,362 loans and an aggregate principal balance of $719,036,456 as of July 1, 2005 (the cut-off date). The four loan groups are cross-collateralized. E[acute accent]The group 1 collateral consists of 3/1 hybrid adjustable-rate mortgage (ARM) loans. After the initial fixed interest rate period of three years, the interest rate will adjust annually based on the sum of one-year LIBOR index and a gross margin specified in the applicable mortgage note. Approximately 63.16% of group 1 loans require interest-only payments until the month following the first adjustment date. As of the cut-off date, the group has an aggregate principal balance of approximately $38,627,618 and an average balance of $495,226. The weighted average original loan-to-value ratio (OLTV) for the mortgage loans is approximately 71.29%. The weighted average remaining term to maturity (WAM) is 359 months, and the weighted average FICO credit score for the group is 744. Second homes and investor-occupied properties constitute 12.27% and 3.67% of the loans in group 1, respectively. Rate/term and cashout refinances account for 14.05% and 20.55% of the loans in group 1, respectively. The states that represent the largest geographic concentration of mortgaged properties are California (42.17%), Florida (14.62%), and South Carolina (9.04%). All other states represent less than 5% of the outstanding balance of the group. E[acute accent]The group 2 collateral consists of 5/1 hybrid ARM mortgage loans. After the initial fixed interest rate period of five years, the interest rate will adjust annually based on the sum of one-year LIBOR index and a gross margin specified in the applicable mortgage note. Approximately 73.43% of group 2 loans require interest-only payments until the month following the first adjustment date. As of the cut-off date, the group has an aggregate principal balance of approximately $509,896,889 and an average balance of $521,901. The weighted average OLTV for the mortgage loans is approximately 72.51%. The WAM is 359 months, and the weighted average FICO credit score for the group is 746. Second homes and investor-occupied properties constitute 11.01% and 0.25% of the loans in group 2, respectively. Rate/term and cashout refinances account for 20.41% and 14.69% of the loans in group 2, respectively. The states that represent the largest geographic concentration of mortgaged properties are California (52.28%), Florida (8.21%), and Virginia (5.98%). All other states represent less than 5% of the outstanding balance of the pool. E[acute accent]The group 3 collateral consists of 7/1 hybrid ARM mortgage loans. After the initial fixed interest rate period of seven years, the interest rate will adjust annually based on the sum of one-year LIBOR index and a gross margin specified in the applicable mortgage note. Approximately 52.56% of group 3 loans require interest-only payments until the month following the first adjustment date. As of the cut-off date, the group has an aggregate principal balance of approximately $61,191,561 and an average balance of $527,513. The weighted average OLTV for the mortgage loans is approximately 72.17%. The WAM is 359 months, and the weighted average FICO credit score for the group is 749. Second homes constitute 11.29% of the loans, and there are no investor-occupied properties in group 3. Rate/term and cashout refinances account for 13.79% and 22.12% of the loans in group 3, respectively. The states that represent the largest geographic concentration of mortgaged properties are California (40.25%), Florida (10.86%), Virginia (9.97%), and Maryland (6.50 %). All other states represent less than 5% of the outstanding balance of the pool. E[acute accent]The group 4 collateral consists of 10/1 hybrid ARM mortgage loans. After the initial fixed interest rate period of 10 years, the interest rate will adjust annually based on the sum of one-year LIBOR index and a gross margin specified in the applicable mortgage note. Approximately 75.00% of group 4 loans require interest-only payments until the month following the first adjustment date. As of the cut-off date, the group has an aggregate principal balance of approximately $109,320,387 and an average balance of $572,358. The weighted average OLTV for the mortgage loans is approximately 67.47%. The WAM is 360 months, and the weighted average FICO credit score for the group is 752. Second homes constitute 8.45% of the loans and there are no investor-occupied properties in group 4. Rate/term and cashout refinances account for 30.78% and 17.26% of the loans in group 4, respectively. The states that represent the largest geographic concentration of mortgaged properties are California (63.33%), and Florida (7.76%). All other states represent less than 5% of the outstanding balance of the pool. E[acute accent]Approximately 62.61% of the group 1 mortgage loans, approximately 68.43% of the group 2 mortgage loans, approximately 76.97% of the group 3 mortgage loans, approximately 79.45% of the group 4 mortgage loans, and approximately 70.52% of all of the mortgage loans were originated under the accelerated processing programs. None of the group 1 mortgage loans, approximately 0.37% of the group 2 mortgage loans, none of the group 3 mortgage loans, none of the group 4 mortgage loans, and approximately 0.26% of all of the mortgage loans were originated under the accelerated processing programs of All-Ready Home and Rate Reduction Refinance. E[acute accent]None of the mortgage loans are 'high cost' loans as defined under any local, state, or federal laws. For additional information on Fitch's rating criteria regarding predatory lending legislation, see the press release 'Fitch Revises Rating Criteria in Wake of Predatory Lending Legislation,' dated May 1, 2003, available on the Fitch Ratings web site at www.fitchratings.com. E[acute accent]Banc of America Mortgage Securities, Inc. deposited the loans in the trust, which issued the certificates, representing undivided beneficial ownership in the trust. For federal income tax purposes, elections will be made to treat the trust as two separate real estate mortgage investment conduits (REMICs). Wells Fargo Bank, National Association will act as trustee.

E[acute accent]Fitch's rating definitions are available on the agency's public web site, www.fitchratings.com. Published ratings, criteria and methodologies, and relevant policies and procedures are also available from this site, at all times. This document will remain on the public site for seven days.
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Publication:Business Wire
Date:Jul 28, 2005
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