BellaVista Mortgage Trust 2005-1
Not applicable.  See the Relief Letter.
Not applicable.
None.
Not applicable.  See the Relief Letter.
There were no material pending legal proceedings relating to                   the Trust Fund to which any of the Trust Fund, the Trustee,                   the Master Servicer or the Company was a party or of which any                   of their respective properties was the subject during the                   fiscal year covered by this Report other than ordinary routine                   litigation incidental to the duties of the Trust Fund, the                   Trustee, the Master Servicer or the Company, nor is the                   Company aware of any such proceedings contemplated by                   governmental authorities.
No matter was submitted to a vote of Certificateholders, and                   no Certificateholder consent was solicited during the fiscal                   year covered by this Report.                                            4                                          PART II
(a) Item 201 of Regulation S-K:              i.   Market Information. There is no established public trading                  market for the Certificates.             ii.  Holders.  As of December 31, 2005 there were less than 300                 holders of record of the Certificates.            iii.  Dividends. Not applicable. See the Relief Letter. (Information                 as to distributions to Certificateholders is provided in the                 Registrant's monthly filings on Form 8-K.)             iv.  Securities Authorized for Issuance Under Equity Compensation                 Plans. Not applicable.                  Item 701 of Regulation S-K.  Not applicable.           (b)    Rule 463 of the Securities Act of 1933. Not applicable.           (c)    Item 703 of Regulation S-K. Not applicable as theRegistrant has                 no class of equity securities registered pursuant to section 12                 of the Securities Exchange Act of 1934.
Not applicable.  See the Relief Letter.
Not applicable.  See the Relief Letter.
Not applicable.
Not applicable.  See the Relief Letter.                                          5
None.
Not applicable. The Registrant is an Asset-Backed Issuer (as defined          in Exchange Act Rule 15d-14(g)) and is therefore not required to          disclose information under Item 307 of Regulation S-K. See Item 307 of          Regulation S-K and Exchange Act Rule 15d-15(a). The Registrant is an          Asset-Backed Issuer (as defined in Exchange Act Rule 15d-14(g)) and is          therefore not required to disclose information under Item 308 of          Regulation S-K. See Instruction 2 to Item 308 of Regulation S-K and          Exchange Act Rule 15d-15(a).
None.                                         6                                         PART III
Not applicable.  See the Relief Letter.
Not applicable.  See the Relief Letter.
Information required by Item 201(d) of Regulation S-K: Not applicable.           Information required by Item 403 of Regulation S-K:           (a) Not applicable. See the Relief Letter.           (b) Not applicable. See the Relief Letter.           (c) Not applicable. See the Relief Letter.
Not applicable.  See the Relief Letter.
Not applicable. The Registrant is an Asset-Backed Issuer (as defined          in Exchange Act Rule 15d-14(g)) and is therefore not required to          disclose this information. See Instructions to Item 14.                                          7                                          PART IV
(a) (1)    Pursuant to the Pooling and  Servicing  Agreement, the                     Master                      Servicer is required (i) to deliver an annual statement as                     to compliance with the provisions of the Pooling and                     Servicing Agreement and certain other matters (the "Annual                     Statement of the Master Servicer") and (ii) to cause a firm                     of independent public accountants to deliver an annual                     report as to compliance with the servicing provisions of the                     Pooling and Servicing Agreement (the "Annual Report of the                     Firm of Accountants"). The Annual Statement of the Master                     Servicer is attached as Exhibit 99.1 to this Report. The                     Annual Report of the Firm of Accountants is attached as                     Exhibit 99.2 to this Report. See Relief Letter.               (2)    Not applicable.               (3)    The required exhibits are as follows:                      o Exhibit 3(i): Copy of Company's Certificate of                       Incorporation (Filed as Exhibit 3.2(i) to Amendment No. 1                       to Form S-3 Registration Statement (File No. 333-123082))                      o Exhibit 3(ii): Copy of Company's By-laws (Filed as Exhibit                       3.2(ii) to Amendment No. 1 to Form S-3 Registration                       Statement (File No. 333-123082))                      o Exhibit 4: Pooling and Servicing Agreement (Filed as part                       of the Registrant's Current Report on Form 8-K filed on                       Febrary 14, 2005).                      o Exhibit 31: Rule 15d-14(a) Certification.                      o Exhibit 99.1: Annual Statement of the Master Servicer.                      o Exhibit 99.2: Annual Report of the Firm of Accountants in                       respect of the Master Servicer.                      o Exhibit 99.3: Annual Statement of National City Mortgage                       Co.                      o Exhibit 99.4: Annual Report of the Firm of Accountants in                       respect of National City Mortgage Co.                      o Exhibit 99.5: Annual Statement of Lydian Private Bank.                                         8                       o Exhibit 99.6: Annual Report of the Firm of Accountants in                       respect of Lydian Private Bank.                      o Exhibit 99.7: Annual Statement of Washington Mutual Bank.                      o Exhibit 99.8: Annual Report of the Firm of Accountants in                       respect of Washington Mutual Bank.           (b) See subparagraph (a)(3) above.           (c) Not applicable. See the Relief Letter.                                           9                                         SIGNATURES       Pursuant to the requirements of Section 13 or 15(d) 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.                                              BELLAVISTA MORTGAGE TRUST 2005-1*                                              By:  BellaVista Funding Corporation                                                     as Depositor                                              By:  /s/ Claus Lund                                                  ------------------------------                                                  Claus Lund                                                  President                                              Date:  March 28, 2006        - --------- *        This Report is being filed by the Depositor on behalf of the Trust          Fund. The Trust Fund does not have any officers or directors.                                          10           SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES PURSUANT TO SECTION 12 OF THE ACT.       No such annual report, proxy statement, form of proxy or other soliciting material has been, or will be, sent to Certificateholders. See the Relief Letter.                                          11                                           EXHIBIT INDEX    Exhibit   Document - -------   --------   3(i)      Company's Certificate of Incorporation (Filed as Exhibit 3.2(i) to           Amendment No. 1 to Form S-3 Registration Statement (File No.           333-123082))*  3(ii)     Company's By-laws (Filed as Exhibit 3.2(ii) to Amendment No. 1 to Form           S-3 Registration Statement (File No. 333-123082))*  4         Pooling and Servicing Agreement (Filed as part of the Company's           Current Report on Form 8-K filed on February 14, 2005)*  31        Rule 15d-14(a) Certification  99.1      Annual Statement of the Master Servicer  99.2      Annual Report of the Firm of Accountants in respect of the Master           Servicer  99.3      Annual Statement of National City Mortgage Co.  99.4      Annual Report of the Firm of Accountants in respect of National City           Mortgage Co.  99.5      Annual Statement of Lydian Private Bank  99.6      Annual Report of the Firm of Accountants in respect of Lydian Private           Bank  99.7      Annual Statement of Washington Mutual Bank  99.8      Annual Report of the Firm of Accountants in respect of Washington           Mutual Bank                                          12     _______________ *        Incorporated herein by reference.                                           13    EX-31 2 efc6-exhibit31.txt                                                                        Exhibit 31                                   CERTIFICATION        I, Claus Lund, certify that:       1. I have reviewed this annual report on Form 10-K, and all reports on Form      8-K containing distribution and servicing reports filed in respect of      periods included in the year covered by this annual report, of BellaVista      Mortgage Trust 2005-1;       2. Based on my knowledge, the information in these reports, taken as a      whole, does not contain any untrue statement of a material fact or omit to      state a material fact necessary to make the statements made, in light of      the circumstances under which such statements were made, not misleading as      of the last day of the period covered by this annual report;       3. Based on my knowledge, the distribution or servicing information      required to be provided to the trustee by the master servicer under the      pooling and servicing, or similar, agreement, for inclusion in these      reports is included in these reports;       4. Based on my knowledge and upon the annual compliance statement included      in the report and required to be delivered to the trustee in accordance      with the terms of the pooling and servicing, or similar agreement, and      except as disclosed in the reports, the master servicer has fulfilled its      obligations under the servicing agreement; and       5. The reports disclose all significant deficiencies relating to the master      servicer's compliance with the minimum servicing standards based upon the      report provided by an independent public accountant, after conducting a      review in compliance with the Uniform Single Attestation Program for      Mortgage Bankers or similar procedure, as set forth in the pooling and      servicing, or similar, agreement, that is included in these reports.       In giving the certifications above, I have reasonably relied on information      provided to me by the following unaffiliated parties: Countrywide Home Loan      Servicing LP, as Master Servicer and The Bank of New York, as Trustee.        Date: March 28, 2006                                       /s/ Claus Lund                                     ---------------------                                     Claus Lund                                     President       EX-99.1 3 efc6-exhibit991.txt                                                                      Exhibit 99.1                                                   [LOGO OMITTED]                                                  Countrywide[R]                                                    HOME LOANS                                                  400 Countrywide Way March 10, 2006                           Simi Valley, California 93065-6298        Sidley Austin, LLP Re: BellaVista 2005-1, BellaVista 2005-2 787 Seventh Avenue New York, NY 10019 Attn: Rebecca Bonventre                               OFFICER'S CERTIFICATE   I, Joseph Candelario, hereby certify that I am the First Vice President, Loan Administration of Countrywide Home Loans, Inc., fka Countrywide Funding Corporation. I further certify, with respect to the Servicing Agreements for Countrywide Mortgage Obligations, Inc., the following:  I have reviewed the activities and performance of the Servicer during the fiscal year ended December 31, 2005 under the Agreements and, to the best of my knowledge, based on my review, the Servicer has fulfilled all of its duties, responsibilities or obligations under the Agreements throughout the fiscal year.    /s/ Joseph Candelario           March 10, 2006 - ------------------------        -------------- Joseph Candelario               Date First Vice President Compliance Officer Loan Administration    EX-99.2 4 efc6-exhibit992.txt                                                                      Exhibit 99.2     [GRAPHIC OMITTED]      KPMG LLP                      Telephone      213 972 4000                        Suite 2000                    Fax           213 622  1217                        355 South Grand Avenue        Internet    www.us.kpmg.com                        Los Angeles, CA 90071-1568                           Independent Accountants' Report                         -------------------------------  The Board of Directors Countrywide Financial Corporation:  We have examined management's assertion, included in the accompanying Management Assertion, that Countrywide Financial Corporation and subsidiaries, including its wholly-owned subsidiary, Countrywide Home Loans, Inc, ("CHL"), and Countrywide Home Loans Servicing, L.P., a wholly-owned subsidiary of CHL, (collectively, the "Company") complied with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers (USAP) as of and for the year ended December 31, 2005. Management is responsible for the Company's compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the Company's compliance based on our examination.  Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Company's compliance with the minimum servicing standards specified above and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with the minimum servicing standards.  In our opinion, management's assertion that Countrywide Financial Corporation and subsidiaries, including its wholly-owned subsidiary, Countrywide Home Loans, Inc. ("CHL"), and Countrywide Home Loans Servicing, L.P., a wholly-owned subsidiary of CHL, complied with the aforementioned minimum servicing standards as of and for the year ended December 31, 2005 is fairly stated, in all material respects.  [GRAPHIC OMITTED]  March 3, 2006                    KPMG LLPL, a US limited liability partnership, is the US              member firm of KPMG International, a Swiss corporation                                              [GRAPHIC OMITTED] Countrywide                                                   HOME LOANS                                            2900 Madera Road                                           Simi Valley, California 93065-6298                                           (805) 955-1000                                Management Assertion   March 3, 2006  As of and for the year ended December 31, 2005, Countrywide Financial Corporation and subsidiaries, including its wholly-owned subsidiary, Countrywide Home Loans, Inc. ("CHL"), and Countrywide Home Loans Servicing, L.P., a wholly-owned subsidiary of CHL, (collectively, the "Company") have complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation for Mortgage Brokers. As of and for this same period, the Company had in effect a mortgage bankers' (fidelity) bond in the amount of $200 million and an errors and omissions policy in the amount of $100 million and $130 million for the period January 1, 2005 to August 1, 2005 and for the period from August 1, 2005 to December 31, 2005, respectively.   /s/ Steve Baily - -------------------------- Steve Baily Senior Managing Director and Chief Financial Officer, Loan Administration    /s/ Kevin Meyers - -------------------------- Kevin Meyers Managing Director and Chief Financial Officer, Loan Administration     EX-99.3 5 efc6-exhibit993.txt                                                                     Exhibit 99.3   NATIONAL CITY                      National City Mortgage Co. LOGO OMITTED                       A Subsidiary of National City Bank of Indiana                                    3232 Newmark Drive, Miamisburg, Ohio 45342                                    Telephone: (937) 910-1200                                     Mailing Address:                                    P.O. Box 1820                                    Dayton, Ohio 45401-1820                        OFFICERS' CERTIFICATE     RE: BVMBS 2005-1  I, Steve Scheid, hereby certify to Countrywide Home Loans Servicing LP, that I am a duly elected Senior Vice President of National City Mortgage Corporation (the "Company"), a corporation organized under the laws of the State of Ohio and further as follows:            (i)       A review of the activities of the Servicer during the                     preceding calendar year and of performance under this                     Agreement has been made under such officers' supervision,            (ii)      The Servicer has fully complied with the provisions of this                     Agreement and            (iii)     To the best of such officers' knowledge, based on such                     review, the Servicer has fulfilled all of its obligations                     under this Agreement throughout such year, or, if there has                     been a default in the fulfillment of any such obligation,                     specifying each such default known to such officer and the                     nature and status thereof.    National City Mortgage                  /s/ Steve Scheid Certified by:                                           Date: March 21, 2006                 ---------------------                         --------------  Name:           Steve Scheid                 ---------------------  Title:          Senior Vice President                 ---------------------    EX-99.4 6 efc6-exhibit994.txt                                                                       Exhibit 99.4  [GRAPHIC OMITTED] ERNST & YOUNG                                Ernst & Young LLP            Phone: (216) 861-5000                               Suite 1300                   www.ey.com                               925 Euclid Avenue                               Cleveland, Ohio 44115                     Report on Management's Assertion on Compliance          with the Specified Minimum Servicing Standards Set Forth in the              Uniform Single Attestation Program for Mortgage Bankers                         Report of Independent Accountants   Board of Directors National City Mortgage Co.  We have examined management's assertion, included in the accompanying report titled Report of Management, that National City Mortgage Co. (NCM) complied with the minimum servicing standards identified in Exhibit A to the Report of Management (the specific minimum servicing standards) as set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers during the year-ended December 31, 2005. Management is responsible for NCM's compliance with the specified minimum servicing standards. Our responsibility is to express an opinion on management's assertions about NCM's compliance based on our examination.  Our examination was made in accordance with attestation standards established by the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about NCM's compliance with the specified minimum servicing standards and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on NCM's compliance with specified minimum servicing standards.  In our opinion, management's assertion that NCM complied with the aforementioned specified minimum servicing standards during the year ended December 31, 2005, is fairly stated, in all material respects.                                          Ernst & Young LLP    March 1, 2006                        A Member Practice of Ernst & Young Global    NATIONAL CITY                     National City Mortgage Co. Mortage Co. (LOGO OMITTED)        A Subsidiary of National City Bank of Indiana                                   3232 Newmark Drive, Miamisburg, Ohio 45342                                   Telephone: (937) 910-1200                                    Mailing Address:                                   P.O. Box 1820                                   Dayton, Ohio 45401-1820            Management's Assertion on Compliance with the Specified Minimum      Servicing Standards Set Forth in the Uniform Single Attestation Program                               for Mortgage Bankers                                Report of Management  We, as members of management of National City Mortgage Co. (NCM), are responsible for complying with the servicing standards identified in the attached Exhibit A (the specified minimum servicing standards) as set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers (USAP). We are also responsible for establishing and maintaining effective internal control over compliance with these specified minimum servicing standards. We have performed an evaluation of NCM's compliance with the specified minimum servicing standards as of December 31, 2005 and for the year then ended. Based on this evaluation, we assert that during the year ended December 31, 2005, NCM complied, in all material respects, with the specified minimum servicing standards set forth in the USAP.  As of December 31, 2005 and for the year then ended, NCM had in effect a fidelity bond policy in the amount of $200 million and an errors and omissions policy in the amount of $250 million.                                                   /s/ Steven M. Scheid                                                 -------------------------                                                 Steven M. Scheid                                                 Senior Vice President                                                   /s/ T. Jackson Case, Jr.                                                 -------------------------                                                 T. Jackson Case, Jr.                                                 Executive Vice President   March 1, 2006                                                Exhibit A                                     ---------                      Specified Minimum Servicing Standards   I.   Custodial Bank Accounts       1.   Reconciliations shall be prepared on a monthly basis for all custodial           bank accounts and related bank clearing accounts. These           reconciliations shall:            a.   be mathematically accurate;            b.   be prepared within forty-five (45) calendar days after the cutoff                date. The cutoff date is the date as of which a bank account is                reconciled every month. It may, or may not, coincide with a                prescribed investor reporting date but shall be consistent from                period to period;            c.   be reviewed and approved by someone other than the person who                prepared the reconciliation; and            d.   document explanations for reconciling items. These reconciling                items shall be resolved within ninety (90) calendar days of their                original identification.       2.   Funds of the servicing entity shall be advanced in cases where there           is an overdraft in an investor's or a mortgagor's account.       3.   Each custodial account shall be maintained at a federally insured           depository institution in trust for the applicable investor.       4.   Escrow funds held in trust for a mortgagor shall be returned to the           mortgagor within thirty (30) calendar days of payoff of the mortgage           loan.  II.  Mortgage Payments       1.   Mortgage payments shall be deposited into the custodial bank accounts           and related bank clearing accounts within two (2) business days of           receipt.       2.   Mortgage payments made in accordance with the mortgagor's loan           documents shall be posted to the applicable mortgagor records within           two (2) business days of receipt.       3.   Mortgage payments shall be allocated to principal, interest,           insurance, taxes or other escrow items in accordance with the           mortgagor's loan documents.       4.   Mortgage payments identified as loan payoffs shall be allocated in           accordance with the mortgagor's loan documents.                                          Exhibit A                                     ---------                      Specified Minimum Servicing Standards (continued)    III. Disbursements       1.   Disbursements made via wire transfer on behalf of a mortgagor or           investor shall be made only by authorized personnel.       2.   Disbursements made on behalf of a mortgagor or investor shall be           posted within two (2) business days to the mortgagor's or investor's           records maintained by the servicing entity.       3.   Tax and insurance payments shall be made on or before the penalty or           insurance policy expiration dates, as indicated on tax bills and           insurance premium notices, respectively, provided that such support           has been received by the servicing entity at least thirty (30)           calendar days prior to these dates.       4.   Any late payment penalties paid in conjunction with the payment of any           tax bill or insurance premium notice shall be paid from the servicing           entity's funds and not charged to the mortgagor, unless the late           payment was due to the mortgagor's error or omission.       5.   Amounts remitted to investors per the servicer's investor reports           shall agree with cancelled checks, or other form of payment, or           custodial bank statements.       6.   Unissued checks shall be safeguarded so as to prevent unauthorized           access.  IV.  Investor Accounting and Reporting       1.   The servicing entity's investor reports shall agree with, or reconcile           to, investors' records on a monthly basis as to the total unpaid           principal balance and number of loans serviced by the servicing           entity.  V.   Mortgagor Loan Accounting       1.   The servicing entity's mortgage loan records shall agree with, or           reconcile to, the records of mortgagors with respect to the unpaid           principal balance on a monthly basis.       2.   Adjustments on adjustable rate mortgage (ARM) loans shall be computed           based on the related mortgage note and any ARM rider.       3.   Escrow accounts shall be analyzed, in accordance with the mortgagor's           loan documents, on at least an annual basis.                                           2                                           Exhibit A                                     ---------                 Specified Minimum Servicing Standards (continued)    V.   Mortgagor Loan Accounting (continued)       4.   Interest on escrow accounts shall be paid, or credited, to mortgagors           in accordance with the applicable state laws.  VI.  Delinquencies       1.   Records documenting collection efforts shall be maintained during the           period a loan is in default and shall be updated at least monthly.           Such records shall describe the entity's activities in monitoring           delinquent loans including, for example, phone calls, letters and           mortgage payment rescheduling plans in cases where the delinquency is           deemed temporary (i.e., illness or unemployment).  VII. Insurance Policies       1.   A fidelity bond and errors and omissions policy shall be in effect on           the servicing entity throughout the reporting period in the amount of           coverage represented to investors in management's assertion.                                              3    EX-99.5 7 efc6-exhibit995.txt                                                                      Exhibit 99.5                                   [GRAPHIC OMITTED]                             LYDIAN TRUST COMPANY [TM]    Countrywide Home Loans Servicing LP 400 Countrywide Way Simi Valley, CA 93065 Attn: Amy Hamlin          Re: Officer's Certificate (BV MBS 2005-1)   To Whom It May Concern:       The undersigned officer of Lydian Private Bank (the "Bank") hereby certifies in connection with the Bank's servicing of certain mortgage loans on behalf of the addressee that:       (i) a review of the activities of the Bank during the 2005 calendar year      and of its performance under the applicable mortgage loan servicing      agreement has been made under my supervision; and       (ii) to the best of my knowledge, based on such review, the Bank has      fulfilled all of its obligations under the applicable mortgage loan      servicing agreement throughout the 2005 calendar year.                                        LYDIAN PRIVATE BANK                                        By:  /s/ Grace M. Dahl                                         ----------------------------                                         Name: Grace M. Dahl                                         Title: Senior Vice President                                         Certified this 21st day of March, 2006                     180 Royal Palm Way, Palm Beach, Florida 55400                  Telephone 561.514.4900 Facsimile 561.514.4913    EX-99.6 8 efc6-exhibit996.txt                                                                      Exhibit 99.6 PRICEWATERHOUSECOOPERS (LOGO OMITTED)                                                      PricewaterhouseCoopers LLP                                                     401 East Las Olas Boulevard                                                     Suite 1800                                                     Fort Lauderdale FL 33301                                                     Telephone (954) 764 7111                                                     Facsimile (954) 525 4453                  Report of Independent Certified Public Accountants   To the Board of Directors of Lydian Private Bank, FSB  We have examined management's assertion about Lydian Private Bank's (the "Bank") compliance with the minimum servicing standards identified in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USA") as of and for the year ended December 31, 2005 included in the accompanying management assertion (see Exhibit I). Management is responsible for the Company's compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the Company's compliance based on our examination.  Our examination was made in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about the Bank's compliance with the minimum servicing standards and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with the minimum servicing standards.  Our examination disclosed noncompliance with minimum servicing standards relating to the requirement to performance of escrow analyses on an annual basis applicable to the Bank during the year ended December 31, 2005, which is described in the accompanying Management Assertion on Compliance with USAP.  In our opinion, management's assertion that the Company complied with the aforementioned minimum servicing standards as of and for the year ended December 31, 2005 is fairly stated, in all material respects.  PricewaterhouseCoopers LLP March 10, 2006                                                                            Exhibit 1                                 [GRAPHIC OMITTED]                                      LYDIAN                                  TRUST COMPANY                    Management's Assertion Concerning Compliance                      with USAP Minimum Servicing Standards   March 14, 2006   As of and for the year ended December 31, 2005, Lydian Private Bank (the "Bank"), except as specifically noted below, has complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP").  The Bank did not in every instance comply with minimum standards requiring escrow analyses performed in accordance with the mortgagor's loan document, on at least an annual basis. In two instances escrow analyses which should have been performed in December 2005 were performed in January 2006.  As of and for this same period, the Bank had in effect a fidelity bond and errors and omissions policy in the amounts of $5,000,000 and $5,000,000 respectively.   /s/ Robert Reichert - ---------------------------------------- Robert Reichert Executive Vice President and Chief Financial Officer     /s/ Grace Dahl - ---------------------------------------- Grace Dahl Senior Vice President    /s/ Erick Knight - ---------------------------------------- Erick Knight Vice President of Loan Servicing                     180 Royal Plan Way, Palm Beach, Florida 55400                   Telephone 561.514.4900 Facsimile 561.514.4913                                  www.Lydian.com    EX-99.7 9 efc6-exhibit997.txt                                                                      Exhibit 99.7                               OFFICER'S CERTIFICATE                          ANNUAL STATEMENT OF COMPLIANCE     Reference is hereby made to BVMBS 2005-1 (the "Securitizations"). Washington Mutual Bank, FA (the "Servicer") services mortgage loans in connection with the   Securitization (the "Mortgage Loans") pursuant to the terms of that certain  Amended and Restated Servicing Agreement, dated as of February 1, 2004 between Washington Mutual Bank, FA (the "Servicer") and Banc of America Mortgage Capital   Corporation and Bank of America, National Association (as from time to time  amended or replaced by a reconstituted servicing or other successor servicing                      agreement, the "Servicing Agreement").  I, Henry J. Berens, an authorized officer of the Servicer, certify for the benefit of the Master Servicer and the Trustee with respect to the calendar year immediately preceding the date of this Officer's Certificate (the "Relevant Year"), as follows:       1.   A review of the activities of the Servicer during the Relevant Year           and of performance under the Servicing Agreement has been made under           my supervision;       2.   To the best of my knowledge, based on such review, the Servicer has           fulfilled all of its obligations under the Servicing Agreement in all           material respects throughout the Relevant Year;  DATED as of March 15, 2006.                                             /s/ Henry J. Berens                                         ------------------------------------                                         Name:  Henry J. Berens    EX-99.8 10 efc6-exhibit998.txt                                                                      Exhibit 99.8  Deloitte (LOGO)                                                          Deloitte & Touche LLP                                                         Suite 3900                                                         925 Fourth Avenue                                                         Seattle, WA 95104-1125                                                         USA                                                          Tel: +1 206 716 7000                                                         www.deloitte.com   REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM  To the Board of Directors of Washington Mutual Bank and Subsidiaries  We have examined management's assertion that Washington Mutual Bank and Subsidiaries (the "Company") has complied as of and for the year ended December 31, 2005, with its established minimum servicing standards described in the accompanying Management's Assertion, dated March 10, 2006. Management is responsible for the Company's compliance with those minimum servicing standards. Our responsibility is to express an opinion on management's assertion about the Company's compliance based on our examination.  Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants, as adopted by the Public Company Accounting Oversight Board, and, accordingly, included examining, on a test basis, evidence about the Company's compliance with its minimum servicing standards and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Company's compliance with its minimum servicing standards.  In our opinion, management's assertion that the Company complied, with the aforementioned minimum servicing standards as of and for the year ceded December 31, 2005, is fairly stated, in all material respects based on the criteria set forth in Appendix J.    Deloitte & Touche LLP March 10, 2006   THIS REPORT MAY NOT BE INCLUDED, REFERENCED TO OR INCORPORATED BY REFERENCE IN ANY PUBLIC FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION WITHOUT PRIOR WRITTEN APPROVAL BY DELOITTE & TOUCHE LLP.                               ----------------------------------------------------                                                            Member of                                                         Deloitte Touche Tohmatsu                                                                     Washington Mutual  MANAGEMENT'S ASSERTION  As of and for the year ended December 31, 2005, Washington Mutual Bank and Subsidiaries (the "Company") has complied, in all material respects, with the Company's established minimum servicing standards for single family residential mortgages as set forth in Appendix I (the "Standards"). The Standards are based on the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers.  As of and for this same period, the Company had in effect a fidelity bond in the amount of $110 million, and errors and omissions policy in the amount of $20 million.     /s/ Steve Rotella - ----------------------------------------------- Steve Rotella President and Chief Operating Officer     /s/ David S. Schneider - ----------------------------------------------- David S. Schneider Executive Vice President Home Loans    /s/ John Berens - ----------------------------------------------- John Berens Senior Vice President Horne Loans - Loan Servicing     March 10, 2006                                                          1201 3rd Avenue                                                         Seattle, WA 98101                                                                      Washington Mutual  WASHINGTON MUTUAL BANK AND SUBSIDIARIES  APPENDIX I: MINIMUM SERVICING STANDARDS FOR SINGLE FAMILY RESIDENTIAL MORTGAGES AS SET FORTH IN THE MORTGAGE BANKERS ASSOCIATION OF AMERICA'S UNIFORM SINGLE ATTESTATION PROGRAM FOR MORTGAGE BANKERS  I.   CUSTODIAL BANK ACCOUNTS       1.   Reconciliations shall be prepared on a monthly basis for all custodial           bank accounts and related bank clearing accounts. These           reconciliations shall:            o    be mathematically accurate            o    be prepared within forty-five (45) calendar days after the cutoff                date                 o    be reviewed and approved by someone other than the person                     who prepared the reconciliation                 o    document explanations for reconciling items.  These                     reconciling items shall be resolved within ninety (90)                     calendar days of their original identification.       2.   Funds of the servicing entity shall be advanced in cases where there           is an overdraft in an investor's or a mortgagor's account.       3.   Each custodial account shall be maintained at a federally insured           depository institution in trust for the applicable investor.       4.   Escrow funds held in trust for a mortgagor shall be returned to the           mortgagor within thirty (30) calendar days of payoff of the mortgage           loan.  II.  MORTGAGE PAYMENTS       1.   Mortgage payments shall be deposited into the custodial bank accounts           and related bank clearing accounts within two business days of           receipt.       2.   Mortgage payments made in accordance with the mortgagor's loan           documents shall be posted to the applicable mortgagor records within           two business days of receipt.       3.   Mortgage payments shall be allocated to principal, interest,           insurance, taxes, or other escrow items in accordance with the           mortgagor's loan documents.       4.   Mortgage payments identified as loan payoffs shall be allocated in           accordance with the mortgagor's loan documents.  III. DISBURSEMENT'S       1.   Disbursements made via wire transfer on behalf of a mortgagor or           investor shall be made only by authorized personnel,                                                           1201 3rd Avenue                                                         Seattle, WA 98101                                                                    Washington Mutual       2.   Disbursements made on behalf of a mortgagor or investor shall be           posted within two business days to the mortgagor's or investor's           records maintained by the servicing entity.       3.   Tax and insurance payments shall be made on or before the penalty or           insurance policy expiration dates, as indicated on tax bills and           insurance premium notices, respectively, provided that such support           has been received by the servicing entity at least thirty (30)           calendar days prior to these dates.       4.   Any late payment penalties paid in conjunction with the payment of any           tax bill or insurance premium notice shall be paid from the servicing           entity's funds and not charged to the mortgagor, unless the late           payment was due to the mortgagor's error or omission.       5.   Amounts remitted to investors per the servicer's investor reports           shall agree with cancelled checks, or other form of payment, or           custodial bank statements.       6.   Unused checks shall be safeguarded so as to prevent unauthorized           access.  IV.  INVESTOR ACCOUNTING AND REPORTING       1.   The servicing entity's investor reports shall agree with, or reconcile           to, investors' records on a monthly basis as to the total unpaid           principal balance and number of loans serviced by the servicing           entity.  V. MORTGAGOR LOAN ACCOUNTING       1.   The servicing entity's mortgage loan records shall agree with, or           reconcile to, the records of mortgagors with respect to the unpaid           principal balance on a monthly basis.       2.   Adjustments on ARM loans shall be computed based on the related           mortgage note and any ARM rider.       3.   Escrow accounts shall be analyzed, in accordance with the mortgagor's           loan documents, on at least an annual basis.       4.   Interest on escrow accounts shall be paid, or credited, to mortgagors           in accordance with the applicable state laws.  VI.  DELINQUENCIES       1.   Records documenting collection efforts shall be maintained during the           period a loan is in default and shall be updated at least monthly.           Such records shall describe the entity's activities in monitoring           delinquent loans, including, for example, phone calls, letters, and           mortgage payment rescheduling plans in cases where the delinquency is           deemed temporary (e.g., illness or unemployment).  VII. INSURANCE POLICIES       1.   A fidelity bond and errors and omissions policy shall be in effect on           the servicing entity throughout the reporting period in the amount of           coverage represented to investors in management's assertion.                                                              1201 3rd Avenue                                                         Seattle, WA 98101     -----END PRIVACY-ENHANCED MESSAGE-----