UNITED STATES
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): May 27, 2003
BANC OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2003-D Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-101500-10 54-2110367
Pooling and Servicing Agreement) (Commission 54-2110368
(State or other File Number) IRS EIN
jurisdiction
of Incorporation)
c/o Wells Fargo Bank Minnesota, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
ITEM 5. Other Events
On May 27, 2003 a distribution was made to holders of BANC OF AMERICA MORTGAGE
SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2003-D Trust.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits furnished in accordance with Item 601(a) of
Regulation S-K
Exhibit Number Description
EX-99.1 Monthly report distributed to
holders of Mortgage Pass-Through
Certificates, Series 2003-D
Trust, relating to the May 27,
2003 distribution.
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 hereunto duly authorized.
BANC OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2003-D Trust
By: Wells Fargo Bank Minnesota, N.A. as Trustee
By: /s/ Beth Belfield, Assistant Vice President
By: Beth Belfield, Assistant Vice President
Date: 6/3/03
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2003-D Trust,
relating to the May 27, 2003 distribution.
Bank of America Mortgage Securities
Mortgage Pass-Through Certificates
Record Date: 4/30/03
Distribution Date: 5/27/03
BAM Series: 2003-D
Contact: Customer Service - CTSLink
Wells Fargo Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 815-6660
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<s> <c> <c> <c> <c> <c> <c>
1-A1 05948XBN0 SEN 3.42800% 137,188,000.00 391,900.38 1,540,549.79
1-A2 05948XBP5 SEN 3.42800% 3,735,000.00 10,669.65 41,942.10
1-AR 05948XBQ3 SEN 3.42800% 50.00 0.14 50.00
1-ALR 05948XBR1 SEN 3.42800% 50.00 0.14 50.00
2-A1 05948XBS9 SEN 4.18300% 170,250,000.00 593,463.12 1,424,939.61
2-A2 05948XBT7 SEN 3.60100% 40,000,000.00 120,033.33 334,787.57
2-A3 05948XBU4 SEN 3.87600% 75,000,000.00 242,250.00 627,726.70
2-A4 05948XBV2 SEN 4.34100% 333,322,000.00 1,205,792.33 2,789,801.60
2-A5 05948XBW0 SEN 4.18300% 30,000,000.00 104,575.00 251,090.68
2-A6 05948XBX8 SEN 4.18300% 818,000.00 2,851.41 6,846.41
3-A1 05948XBY6 SEN 4.56900% 51,285,000.00 195,267.64 71,172.85
AP 05948XBZ3 PO 0.00000% 1,079,908.00 0.00 1,561.26
B-1 05948XCA7 SUB 4.08782% 11,254,000.00 38,336.97 11,268.93
B-2 05948XCB5 SUB 4.08782% 4,328,000.00 14,743.42 4,333.74
B-3 05948XCC3 SUB 4.08782% 3,029,000.00 10,318.35 3,033.02
B-4 05948XCD1 SUB 4.08782% 1,732,000.00 5,900.09 1,734.30
B-5 05948XCE9 SUB 4.08782% 1,298,000.00 4,421.66 1,299.72
B-6 05948XCF6 SUB 4.08782% 1,298,983.00 4,425.01 1,300.71
W-IO 05948XCH2 SEN 0.61675% 0.00 435,850.35 0.00
SES 05948XCG4 SEN 0.00000% 0.00 159,348.78 0.00
Totals 865,617,991.00 3,540,147.77 7,113,488.99
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-A1 0.00 135,647,450.21 1,932,450.17 0.00
1-A2 0.00 3,693,057.90 52,611.75 0.00
1-AR 0.00 0.00 50.14 0.00
1-ALR 0.00 0.00 50.14 0.00
2-A1 0.00 168,825,060.39 2,018,402.73 0.00
2-A2 0.00 39,665,212.43 454,820.90 0.00
2-A3 0.00 74,372,273.30 869,976.70 0.00
2-A4 0.00 330,532,198.40 3,995,593.93 0.00
2-A5 0.00 29,748,909.32 355,665.68 0.00
2-A6 0.00 811,153.59 9,697.82 0.00
3-A1 0.00 51,213,827.15 266,440.49 0.00
AP 0.00 1,078,346.74 1,561.26 0.00
B-1 0.00 11,242,731.07 49,605.90 0.00
B-2 0.00 4,323,666.26 19,077.16 0.00
B-3 0.00 3,025,966.98 13,351.37 0.00
B-4 0.00 1,730,265.70 7,634.39 0.00
B-5 0.00 1,296,700.28 5,721.38 0.00
B-6 0.00 1,297,682.29 5,725.72 0.00
W-IO 0.00 0.00 435,850.35 0.00
SES 0.00 0.00 159,348.78 0.00
Totals 0.00 858,504,502.01 10,653,636.76 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<s> <c> <c> <c> <c> <c> <c>
1-A1 137,188,000.00 137,188,000.00 184,156.59 1,356,393.21 0.00 0.00
1-A2 3,735,000.00 3,735,000.00 5,013.74 36,928.37 0.00 0.00
1-AR 50.00 50.00 5.98 44.02 0.00 0.00
1-ALR 50.00 50.00 5.98 44.02 0.00 0.00
2-A1 170,250,000.00 170,250,000.00 156,000.61 1,268,939.00 0.00 0.00
2-A2 40,000,000.00 40,000,000.00 36,652.13 298,135.45 0.00 0.00
2-A3 75,000,000.00 75,000,000.00 68,722.74 559,003.96 0.00 0.00
2-A4 333,322,000.00 333,322,000.00 305,424.01 2,484,377.59 0.00 0.00
2-A5 30,000,000.00 30,000,000.00 27,489.10 223,601.59 0.00 0.00
2-A6 818,000.00 818,000.00 749.54 6,096.87 0.00 0.00
3-A1 51,285,000.00 51,285,000.00 58,567.77 12,605.08 0.00 0.00
AP 1,079,908.00 1,079,908.00 1,510.22 51.04 0.00 0.00
B-1 11,254,000.00 11,254,000.00 11,268.93 0.00 0.00 0.00
B-2 4,328,000.00 4,328,000.00 4,333.74 0.00 0.00 0.00
B-3 3,029,000.00 3,029,000.00 3,033.02 0.00 0.00 0.00
B-4 1,732,000.00 1,732,000.00 1,734.30 0.00 0.00 0.00
B-5 1,298,000.00 1,298,000.00 1,299.72 0.00 0.00 0.00
B-6 1,298,983.00 1,298,983.00 1,300.71 0.00 0.00 0.00
W-IO 0.00 0.00 0.00 0.00 0.00 0.00
SES 0.00 0.00 0.00 0.00 0.00 0.00
Totals 865,617,991.00 865,617,991.00 867,268.83 6,246,220.20 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c>
1-A1 1,540,549.79 135,647,450.21 0.98877052 1,540,549.79
1-A2 41,942.10 3,693,057.90 0.98877052 41,942.10
1-AR 50.00 0.00 0.00000000 50.00
1-ALR 50.00 0.00 0.00000000 50.00
2-A1 1,424,939.61 168,825,060.39 0.99163031 1,424,939.61
2-A2 334,787.57 39,665,212.43 0.99163031 334,787.57
2-A3 627,726.70 74,372,273.30 0.99163031 627,726.70
2-A4 2,789,801.60 330,532,198.40 0.99163031 2,789,801.60
2-A5 251,090.68 29,748,909.32 0.99163031 251,090.68
2-A6 6,846.41 811,153.59 0.99163031 6,846.41
3-A1 71,172.85 51,213,827.15 0.99861221 71,172.85
AP 1,561.26 1,078,346.74 0.99855427 1,561.26
B-1 11,268.93 11,242,731.07 0.99899867 11,268.93
B-2 4,333.74 4,323,666.26 0.99899867 4,333.74
B-3 3,033.02 3,025,966.98 0.99899867 3,033.02
B-4 1,734.30 1,730,265.70 0.99899867 1,734.30
B-5 1,299.72 1,296,700.28 0.99899867 1,299.72
B-6 1,300.71 1,297,682.29 0.99899867 1,300.71
W-IO 0.00 0.00 0.00000000 0.00
SES 0.00 0.00 0.00000000 0.00
Totals 7,113,488.99 858,504,502.01 0.99178218 7,113,488.99
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<s> <c> <c> <c> <c> <c>
1-A1 137,188,000.00 1000.00000000 1.34236661 9.88711265 0.00000000
1-A2 3,735,000.00 1000.00000000 1.34236680 9.88711379 0.00000000
1-AR 50.00 1000.00000000 119.60000000 880.40000000 0.00000000
1-ALR 50.00 1000.00000000 119.60000000 880.40000000 0.00000000
2-A1 170,250,000.00 1000.00000000 0.91630314 7.45338620 0.00000000
2-A2 40,000,000.00 1000.00000000 0.91630325 7.45338625 0.00000000
2-A3 75,000,000.00 1000.00000000 0.91630320 7.45338613 0.00000000
2-A4 333,322,000.00 1000.00000000 0.91630318 7.45338619 0.00000000
2-A5 30,000,000.00 1000.00000000 0.91630333 7.45338633 0.00000000
2-A6 818,000.00 1000.00000000 0.91630807 7.45338631 0.00000000
3-A1 51,285,000.00 1000.00000000 1.14200585 0.24578493 0.00000000
AP 1,079,908.00 1000.00000000 1.39847098 0.04726329 0.00000000
B-1 11,254,000.00 1000.00000000 1.00132664 0.00000000 0.00000000
B-2 4,328,000.00 1000.00000000 1.00132625 0.00000000 0.00000000
B-3 3,029,000.00 1000.00000000 1.00132717 0.00000000 0.00000000
B-4 1,732,000.00 1000.00000000 1.00132794 0.00000000 0.00000000
B-5 1,298,000.00 1000.00000000 1.00132512 0.00000000 0.00000000
B-6 1,298,983.00 1000.00000000 1.00132950 0.00000000 0.00000000
W-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
SES 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All classes are per $1,000 denomination.
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
1-A1 0.00000000 11.22947918 988.77052082 0.98877052 11.22947918
1-A2 0.00000000 11.22947791 988.77052209 0.98877052 11.22947791
1-AR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000
1-ALR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000
2-A1 0.00000000 8.36968934 991.63031066 0.99163031 8.36968934
2-A2 0.00000000 8.36968925 991.63031075 0.99163031 8.36968925
2-A3 0.00000000 8.36968933 991.63031067 0.99163031 8.36968933
2-A4 0.00000000 8.36968937 991.63031063 0.99163031 8.36968937
2-A5 0.00000000 8.36968933 991.63031067 0.99163031 8.36968933
2-A6 0.00000000 8.36969438 991.63030562 0.99163031 8.36969438
3-A1 0.00000000 1.38779078 998.61220922 0.99861221 1.38779078
AP 0.00000000 1.44573427 998.55426573 0.99855427 1.44573427
B-1 0.00000000 1.00132664 998.99867336 0.99899867 1.00132664
B-2 0.00000000 1.00132625 998.99867375 0.99899867 1.00132625
B-3 0.00000000 1.00132717 998.99867283 0.99899867 1.00132717
B-4 0.00000000 1.00132794 998.99867206 0.99899867 1.00132794
B-5 0.00000000 1.00132512 998.99867488 0.99899867 1.00132512
B-6 0.00000000 1.00132950 998.99867050 0.99899867 1.00132950
W-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
SES 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1-A1 137,188,000.00 3.42800% 137,188,000.00 391,900.39 0.00 0.00
1-A2 3,735,000.00 3.42800% 3,735,000.00 10,669.65 0.00 0.00
1-AR 50.00 3.42800% 50.00 0.14 0.00 0.00
1-ALR 50.00 3.42800% 50.00 0.14 0.00 0.00
2-A1 170,250,000.00 4.18300% 170,250,000.00 593,463.13 0.00 0.00
2-A2 40,000,000.00 3.60100% 40,000,000.00 120,033.33 0.00 0.00
2-A3 75,000,000.00 3.87600% 75,000,000.00 242,250.00 0.00 0.00
2-A4 333,322,000.00 4.34100% 333,322,000.00 1,205,792.34 0.00 0.00
2-A5 30,000,000.00 4.18300% 30,000,000.00 104,575.00 0.00 0.00
2-A6 818,000.00 4.18300% 818,000.00 2,851.41 0.00 0.00
3-A1 51,285,000.00 4.56900% 51,285,000.00 195,267.64 0.00 0.00
AP 1,079,908.00 0.00000% 1,079,908.00 0.00 0.00 0.00
B-1 11,254,000.00 4.08782% 11,254,000.00 38,336.97 0.00 0.00
B-2 4,328,000.00 4.08782% 4,328,000.00 14,743.42 0.00 0.00
B-3 3,029,000.00 4.08782% 3,029,000.00 10,318.35 0.00 0.00
B-4 1,732,000.00 4.08782% 1,732,000.00 5,900.09 0.00 0.00
B-5 1,298,000.00 4.08782% 1,298,000.00 4,421.66 0.00 0.00
B-6 1,298,983.00 4.08782% 1,298,983.00 4,425.01 0.00 0.00
W-IO 0.00 0.61675% 848,033,772.00 435,850.35 0.00 0.00
SES 0.00 0.00000% 865,617,991.00 0.00 0.00 0.00
Totals 865,617,991.00 3,380,799.02 0.00 0.00
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1-A1 0.00 0.00 391,900.38 0.00 135,647,450.21
1-A2 0.00 0.00 10,669.65 0.00 3,693,057.90
1-AR 0.00 0.00 0.14 0.00 0.00
1-ALR 0.00 0.00 0.14 0.00 0.00
2-A1 0.00 0.00 593,463.12 0.00 168,825,060.39
2-A2 0.00 0.00 120,033.33 0.00 39,665,212.43
2-A3 0.00 0.00 242,250.00 0.00 74,372,273.30
2-A4 0.00 0.00 1,205,792.33 0.00 330,532,198.40
2-A5 0.00 0.00 104,575.00 0.00 29,748,909.32
2-A6 0.00 0.00 2,851.41 0.00 811,153.59
3-A1 0.00 0.00 195,267.64 0.00 51,213,827.15
AP 0.00 0.00 0.00 0.00 1,078,346.74
B-1 0.00 0.00 38,336.97 0.00 11,242,731.07
B-2 0.00 0.00 14,743.42 0.00 4,323,666.26
B-3 0.00 0.00 10,318.35 0.00 3,025,966.98
B-4 0.00 0.00 5,900.09 0.00 1,730,265.70
B-5 0.00 0.00 4,421.66 0.00 1,296,700.28
B-6 0.00 0.00 4,425.01 0.00 1,297,682.29
W-IO 0.00 0.00 435,850.35 0.00 840,945,303.65
SES 0.00 0.00 159,348.78 0.00 858,504,503.61
Totals 0.00 0.00 3,540,147.77 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
1-A1 137,188,000.00 3.42800% 1000.00000000 2.85666669 0.00000000 0.00000000
1-A2 3,735,000.00 3.42800% 1000.00000000 2.85666667 0.00000000 0.00000000
1-AR 50.00 3.42800% 1000.00000000 2.80000000 0.00000000 0.00000000
1-ALR 50.00 3.42800% 1000.00000000 2.80000000 0.00000000 0.00000000
2-A1 170,250,000.00 4.18300% 1000.00000000 3.48583336 0.00000000 0.00000000
2-A2 40,000,000.00 3.60100% 1000.00000000 3.00083325 0.00000000 0.00000000
2-A3 75,000,000.00 3.87600% 1000.00000000 3.23000000 0.00000000 0.00000000
2-A4 333,322,000.00 4.34100% 1000.00000000 3.61750002 0.00000000 0.00000000
2-A5 30,000,000.00 4.18300% 1000.00000000 3.48583333 0.00000000 0.00000000
2-A6 818,000.00 4.18300% 1000.00000000 3.48583130 0.00000000 0.00000000
3-A1 51,285,000.00 4.56900% 1000.00000000 3.80750005 0.00000000 0.00000000
AP 1,079,908.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
B-1 11,254,000.00 4.08782% 1000.00000000 3.40651946 0.00000000 0.00000000
B-2 4,328,000.00 4.08782% 1000.00000000 3.40652033 0.00000000 0.00000000
B-3 3,029,000.00 4.08782% 1000.00000000 3.40652030 0.00000000 0.00000000
B-4 1,732,000.00 4.08782% 1000.00000000 3.40651848 0.00000000 0.00000000
B-5 1,298,000.00 4.08782% 1000.00000000 3.40651772 0.00000000 0.00000000
B-6 1,298,983.00 4.08782% 1000.00000000 3.40651879 0.00000000 0.00000000
W-IO 0.00 0.61675% 1000.00000000 0.51395400 0.00000000 0.00000000
SES 0.00 0.00000% 999.99999815 0.00000000 0.00000000 0.00000000
<FN>
(5) All classes are per $1,000 denomination.
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
1-A1 0.00000000 0.00000000 2.85666662 0.00000000 988.77052082
1-A2 0.00000000 0.00000000 2.85666667 0.00000000 988.77052209
1-AR 0.00000000 0.00000000 2.80000000 0.00000000 0.00000000
1-ALR 0.00000000 0.00000000 2.80000000 0.00000000 0.00000000
2-A1 0.00000000 0.00000000 3.48583330 0.00000000 991.63031066
2-A2 0.00000000 0.00000000 3.00083325 0.00000000 991.63031075
2-A3 0.00000000 0.00000000 3.23000000 0.00000000 991.63031067
2-A4 0.00000000 0.00000000 3.61749998 0.00000000 991.63031063
2-A5 0.00000000 0.00000000 3.48583333 0.00000000 991.63031067
2-A6 0.00000000 0.00000000 3.48583130 0.00000000 991.63030562
3-A1 0.00000000 0.00000000 3.80750005 0.00000000 998.61220922
AP 0.00000000 0.00000000 0.00000000 0.00000000 998.55426573
B-1 0.00000000 0.00000000 3.40651946 0.00000000 998.99867336
B-2 0.00000000 0.00000000 3.40652033 0.00000000 998.99867375
B-3 0.00000000 0.00000000 3.40652030 0.00000000 998.99867283
B-4 0.00000000 0.00000000 3.40651848 0.00000000 998.99867206
B-5 0.00000000 0.00000000 3.40651772 0.00000000 998.99867488
B-6 0.00000000 0.00000000 3.40651879 0.00000000 998.99867050
W-IO 0.00000000 0.00000000 0.51395400 0.00000000 991.64129002
SES 0.00000000 0.00000000 0.18408672 0.00000000 991.78218446
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Certificateholder Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
<s> <c> <c> <c> <c> <c> <c>
AP (2) 0.00000% 0.00 0.00 1,026,898.00 1,025,405.52 99.85466132%
AP (3) 0.00000% 0.00 0.00 53,010.00 52,941.22 99.87025090%
W-IO (1) 0.70191% 144,759,458.00 143,171,716.70 0.00 0.00 98.90318648%
W-IO (2) 0.59090% 652,451,220.00 647,020,886.79 0.00 0.00 99.16770280%
W-IO (3) 0.70600% 50,823,094.00 50,752,700.16 0.00 0.00 99.86149242%
SES (1) 0.00000% 144,759,458.00 143,171,716.70 0.00 0.00 98.90318599%
SES (2) 0.00000% 668,122,326.00 662,669,417.50 0.00 0.00 99.18384578%
SES (3) 0.00000% 52,736,207.00 52,663,369.41 0.00 0.00 99.86188165%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 10,691,868.60
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Losses 0.00
Prepayment Penalties 0.00
Total Deposits 10,691,868.60
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 38,231.84
Payment of Interest and Principal 10,653,636.76
Total Withdrawals (Pool Distribution Amount) 10,691,868.60
Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<s> <c>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES
<s> <c>
Gross Servicing Fee 36,067.74
Trustee Fee - Wells Fargo Bank Minnesota, N.A. 2,164.10
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 38,231.84
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s> <c> <c> <c> <c> <c>
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
1 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
2 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
3 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 0.00
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 4.960682%
Weighted Average Pass-Through Rate 4.686778%
Weighted Average Maturity(Stepdown Calculation ) 357
Beginning Scheduled Collateral Loan Count 1,672
Number Of Loans Paid In Full 8
Ending Scheduled Collateral Loan Count 1,664
Beginning Scheduled Collateral Balance 865,617,991.00
Ending Scheduled Collateral Balance 858,504,503.61
Ending Actual Collateral Balance at 30-Apr-2003 859,225,254.53
Monthly P &I Constant 4,445,648.24
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Non-PO Optimal Amount 10,390,049.61
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 858,504,503.61
Scheduled Principal 867,268.79
Unscheduled Principal 6,246,220.20
Miscellaneous Reporting
Total Senior Percentage 97.346562%
Aggregate Subordinate Percentage 2.653438%
Group Level Collateral Statement
Group 1 2 3
Collateral Description Mixed ARM Mixed ARM Mixed ARM
Weighted Average Coupon Rate 4.507908 5.016387 5.497795
Weighted Average Net Rate 4.257908 4.766387 5.247796
Weighted Average Maturity 356 357 357
Beginning Loan Count 284 1,289 99
Loans Paid In Full 1 7 0
Ending Loan Count 283 1,282 99
Beginning Scheduled Balance 144,759,458.72 668,122,326.09 52,736,207.79
Ending scheduled Balance 143,171,716.70 662,669,417.50 52,663,369.41
Record Date 04/30/2003 04/30/2003 04/30/2003
Principal And Interest Constant 738,134.31 3,405,669.90 301,844.03
Scheduled Principal 194,332.40 612,703.09 60,233.30
Unscheduled Principal 1,393,409.62 4,840,205.50 12,605.08
Scheduled Interest 543,801.91 2,792,966.81 241,610.73
Servicing Fees 30,158.24 139,192.19 10,986.70
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 361.90 1,670.38 131.82
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 15,079.11 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread Fee 1 0.00 0.00 0.00
Spread Fee 2 0.00 0.00 0.00
Spread Fee 3 0.00 0.00 0.00
Net Interest 498,202.66 2,652,104.24 230,492.21
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.00 0.00 0.00
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 4.129908 4.763387 5.244795
Group Level Collateral Statement
Group Total
Collateral Description Mixed ARM
Weighted Average Coupon Rate 4.960682
Weighted Average Net Rate 4.710682
Weighted Average Maturity 357
Beginning Loan Count 1,672
Loans Paid In Full 8
Ending Loan Count 1,664
Beginning Scheduled Balance 865,617,992.60
Ending scheduled Balance 858,504,503.61
Record Date 04/30/2003
Principal And Interest Constant 4,445,648.24
Scheduled Principal 867,268.79
Unscheduled Principal 6,246,220.20
Scheduled Interest 3,578,379.45
Servicing Fees 180,337.13
Master Servicing Fees 0.00
Trustee Fee 2,164.10
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 15,079.11
Pool Insurance Fee 0.00
Spread Fee 1 0.00
Spread Fee 2 0.00
Spread Fee 3 0.00
Net Interest 3,380,799.11
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Percentage of Cumulative Losses 0.00
Prepayment Penalties 0.00
Special Servicing Fee 0.00
Pass-Through Rate 4.686778
Miscellaneous Reporting
Group 1
Group 1 Senior Percentage 97.349839%
Group 1 Subordinate Percentage 2.650161%
Group 1 Senior Prepayment Percentage 100.000000%
Group 1 Subordinate Prepayment % 0.000000%
Group 2
Group 2 Senior Percentage 97.345893%
Group 2 Subordinate Percentage 2.654107%
Group 2 Senior Prepayment Percentage 100.000000%
Group 2 Subordinate Prepayment % 0.000000%
Group 3
Group 3 Senior Percentage 97.346029%
Group 3 Subordinate Percentage 2.653967%
Group 3 Senior Prepayment Percentage 100.000000%
Group 3 Subordinate Prepayment % 0.000000%