BellaVista Mortage Trust 2005-2
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 the Registrant                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 February 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.            (b)  See subparagraph (a)(3) above.            (c)  Not applicable. See the Relief Letter.                                         8                                      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 2005-2*                                      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.                                          9         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.                                         10                                     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        - --------- *    Incorporated herein by reference.                                          11    EX-31 2 efc6-1149_5851420ex31.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 2005-2;  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 efc6-1149_exhibit991.txt                                                                     Exhibit 99.1                                                                   ------------                                                [GRAPHIC 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.                                         March 10, 2006 - -------------------------             -------------------- Joseph Candelario                     Date First Vice President Compliance Officer Loan Administration    EX-99.2 4 efc6-1149_exhibit992.txt                                                                     Exhibit 99.2                                                                   ------------    [GRAPHIC OMITTED]       KPMG                    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.                                  KPMG LLP   March 3, 2006                    KPMG LLP, a US limited liability partnership, is the U.S.             member firm of KPMG International, a Swiss cooperative.                                                  [GRAPHIC OMITTED] Countrywide(R)                                             --------------------------------                                                        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 Bankers. 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.     - ------------------------------------ Steve Bailey Senior Managing Director and Chief Financial Officer, Loan Administration      - ------------------------------------ Kevin Meyers Managing Director and Chief Financial Officer, Loan Administration    -----END PRIVACY-ENHANCED MESSAGE-----