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): July 25, 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 July 25, 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
July 25, 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: 8/1/03
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 July 25, 2003 distribution.
EX-99.1
Bank of America Mortgage Securities
Mortgage Pass-Through Certificates
Record Date: 6/30/03
Distribution Date: 7/25/03
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% 132,267,257.14 377,843.46 9,690,455.82
1-A2 05948XBP5 SEN 3.42800% 3,601,030.74 10,286.94 263,826.66
1-AR 05948XBQ3 SEN 3.42800% 0.00 0.00 0.00
1-ALR 05948XBR1 SEN 3.42800% 0.00 0.00 0.00
2-A1 05948XBS9 SEN 4.18300% 167,136,847.48 582,611.19 7,227,628.42
2-A2 05948XBT7 SEN 3.60100% 39,268,569.16 117,838.43 1,698,121.21
2-A3 05948XBU4 SEN 3.87600% 73,628,567.17 237,820.27 3,183,977.28
2-A4 05948XBV2 SEN 4.34100% 327,226,950.22 1,183,743.49 14,150,528.98
2-A5 05948XBW0 SEN 4.18300% 29,451,426.87 102,662.77 1,273,590.91
2-A6 05948XBX8 SEN 4.18300% 803,042.24 2,799.27 34,726.58
3-A1 05948XBY6 SEN 4.56900% 50,767,552.79 193,297.46 463,145.38
AP 05948XBZ3 PO 0.00000% 1,076,723.85 0.00 1,763.88
B-1 05948XCA7 SUB 4.08791% 11,231,330.28 38,260.54 11,505.36
B-2 05948XCB5 SUB 4.08791% 4,319,281.81 14,714.02 4,424.67
B-3 05948XCC3 SUB 4.08791% 3,022,898.47 10,297.78 3,096.65
B-4 05948XCD1 SUB 4.08791% 1,728,511.11 5,888.33 1,770.68
B-5 05948XCE9 SUB 4.08791% 1,295,385.35 4,412.85 1,326.99
B-6 05948XCF6 SUB 4.08791% 1,296,366.37 4,416.19 1,328.00
W-IO 05948XCH2 SEN 0.61604% 0.00 426,398.11 0.00
SES 05948XCG4 SEN 0.00000% 0.00 155,905.11 0.00
Totals 848,121,741.05 3,469,196.21 38,011,217.47
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-A1 0.00 122,576,801.32 10,068,299.28 0.00
1-A2 0.00 3,337,204.08 274,113.60 0.00
1-AR 0.00 0.00 0.00 0.00
1-ALR 0.00 0.00 0.00 0.00
2-A1 0.00 159,909,219.06 7,810,239.61 0.00
2-A2 0.00 37,570,447.94 1,815,959.64 0.00
2-A3 0.00 70,444,589.89 3,421,797.55 0.00
2-A4 0.00 313,076,421.24 15,334,272.47 0.00
2-A5 0.00 28,177,835.96 1,376,253.68 0.00
2-A6 0.00 768,315.66 37,525.85 0.00
3-A1 0.00 50,304,407.41 656,442.84 0.00
AP 0.00 1,074,959.97 1,763.88 0.00
B-1 0.00 11,219,824.92 49,765.90 0.00
B-2 0.00 4,314,857.14 19,138.69 0.00
B-3 0.00 3,019,801.82 13,394.43 0.00
B-4 0.00 1,726,740.43 7,659.01 0.00
B-5 0.00 1,294,058.36 5,739.84 0.00
B-6 0.00 1,295,038.37 5,744.19 0.00
W-IO 0.00 0.00 426,398.11 0.00
SES 0.00 0.00 155,905.11 0.00
Totals 0.00 810,110,523.57 41,480,413.68 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 137,188,000.00 132,267,257.14 182,654.60 9,507,801.22 0.00 0.00
1-A2 3,735,000.00 3,601,030.74 4,972.85 258,853.82 0.00 0.00
1-AR 50.00 0.00 0.00 0.00 0.00 0.00
1-ALR 50.00 0.00 0.00 0.00 0.00 0.00
2-A1 170,250,000.00 167,136,847.48 156,832.29 7,070,796.12 0.00 0.00
2-A2 40,000,000.00 39,268,569.16 36,847.53 1,661,273.69 0.00 0.00
2-A3 75,000,000.00 73,628,567.17 69,089.12 3,114,888.16 0.00 0.00
2-A4 333,322,000.00 327,226,950.22 307,052.30 13,843,476.68 0.00 0.00
2-A5 30,000,000.00 29,451,426.87 27,635.65 1,245,955.26 0.00 0.00
2-A6 818,000.00 803,042.24 753.53 33,973.05 0.00 0.00
3-A1 51,285,000.00 50,767,552.79 57,706.34 405,439.04 0.00 0.00
AP 1,079,908.00 1,076,723.85 1,521.00 242.88 0.00 0.00
B-1 11,254,000.00 11,231,330.28 11,505.36 0.00 0.00 0.00
B-2 4,328,000.00 4,319,281.81 4,424.67 0.00 0.00 0.00
B-3 3,029,000.00 3,022,898.47 3,096.65 0.00 0.00 0.00
B-4 1,732,000.00 1,728,511.11 1,770.68 0.00 0.00 0.00
B-5 1,298,000.00 1,295,385.35 1,326.99 0.00 0.00 0.00
B-6 1,298,983.00 1,296,366.37 1,328.00 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 865,617,991.00 848,121,741.05 868,517.56 37,142,699.92 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 9,690,455.82 122,576,801.32 0.89349507 9,690,455.82
1-A2 263,826.66 3,337,204.08 0.89349507 263,826.66
1-AR 0.00 0.00 0.00000000 0.00
1-ALR 0.00 0.00 0.00000000 0.00
2-A1 7,227,628.42 159,909,219.06 0.93926120 7,227,628.42
2-A2 1,698,121.21 37,570,447.94 0.93926120 1,698,121.21
2-A3 3,183,977.28 70,444,589.89 0.93926120 3,183,977.28
2-A4 14,150,528.98 313,076,421.24 0.93926120 14,150,528.98
2-A5 1,273,590.91 28,177,835.96 0.93926120 1,273,590.91
2-A6 34,726.58 768,315.66 0.93926120 34,726.58
3-A1 463,145.38 50,304,407.41 0.98087954 463,145.38
AP 1,763.88 1,074,959.97 0.99541810 1,763.88
B-1 11,505.36 11,219,824.92 0.99696329 11,505.36
B-2 4,424.67 4,314,857.14 0.99696329 4,424.67
B-3 3,096.65 3,019,801.82 0.99696329 3,096.65
B-4 1,770.68 1,726,740.43 0.99696330 1,770.68
B-5 1,326.99 1,294,058.36 0.99696330 1,326.99
B-6 1,328.00 1,295,038.37 0.99696329 1,328.00
W-IO 0.00 0.00 0.00000000 0.00
SES 0.00 0.00 0.00000000 0.00
Totals 38,011,217.47 810,110,523.57 0.93587533 38,011,217.47
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 137,188,000.00 964.13139006 1.33141820 69.30490436 0.00000000
1-A2 3,735,000.00 964.13138956 1.33141901 69.30490495 0.00000000
1-AR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1-ALR 50.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A1 170,250,000.00 981.71422896 0.92118819 41.53184211 0.00000000
2-A2 40,000,000.00 981.71422900 0.92118825 41.53184225 0.00000000
2-A3 75,000,000.00 981.71422893 0.92118827 41.53184213 0.00000000
2-A4 333,322,000.00 981.71422894 0.92118822 41.53184212 0.00000000
2-A5 30,000,000.00 981.71422900 0.92118833 41.53184200 0.00000000
2-A6 818,000.00 981.71422983 0.92118582 41.53184597 0.00000000
3-A1 51,285,000.00 989.91035956 1.12520893 7.90560671 0.00000000
AP 1,079,908.00 997.05146179 1.40845331 0.22490805 0.00000000
B-1 11,254,000.00 997.98563000 1.02233517 0.00000000 0.00000000
B-2 4,328,000.00 997.98563078 1.02233595 0.00000000 0.00000000
B-3 3,029,000.00 997.98562892 1.02233410 0.00000000 0.00000000
B-4 1,732,000.00 997.98562933 1.02233256 0.00000000 0.00000000
B-5 1,298,000.00 997.98563174 1.02233436 0.00000000 0.00000000
B-6 1,298,983.00 997.98563184 1.02233824 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 70.63632256 893.49506750 0.89349507 70.63632256
1-A2 0.00000000 70.63632129 893.49506827 0.89349507 70.63632129
1-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A1 0.00000000 42.45303037 939.26119859 0.93926120 42.45303037
2-A2 0.00000000 42.45303025 939.26119850 0.93926120 42.45303025
2-A3 0.00000000 42.45303040 939.26119853 0.93926120 42.45303040
2-A4 0.00000000 42.45303034 939.26119860 0.93926120 42.45303034
2-A5 0.00000000 42.45303033 939.26119867 0.93926120 42.45303033
2-A6 0.00000000 42.45303178 939.26119804 0.93926120 42.45303178
3-A1 0.00000000 9.03081564 980.87954392 0.98087954 9.03081564
AP 0.00000000 1.63336136 995.41810043 0.99541810 1.63336136
B-1 0.00000000 1.02233517 996.96329483 0.99696329 1.02233517
B-2 0.00000000 1.02233595 996.96329482 0.99696329 1.02233595
B-3 0.00000000 1.02233410 996.96329482 0.99696329 1.02233410
B-4 0.00000000 1.02233256 996.96329677 0.99696330 1.02233256
B-5 0.00000000 1.02233436 996.96329738 0.99696330 1.02233436
B-6 0.00000000 1.02233824 996.96329359 0.99696329 1.02233824
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, Bankrupcy, 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% 132,267,257.14 377,843.46 0.00 0.00
1-A2 3,735,000.00 3.42800% 3,601,030.74 10,286.94 0.00 0.00
1-AR 50.00 3.42800% 0.00 0.00 0.00 0.00
1-ALR 50.00 3.42800% 0.00 0.00 0.00 0.00
2-A1 170,250,000.00 4.18300% 167,136,847.48 582,611.19 0.00 0.00
2-A2 40,000,000.00 3.60100% 39,268,569.16 117,838.43 0.00 0.00
2-A3 75,000,000.00 3.87600% 73,628,567.17 237,820.27 0.00 0.00
2-A4 333,322,000.00 4.34100% 327,226,950.22 1,183,743.49 0.00 0.00
2-A5 30,000,000.00 4.18300% 29,451,426.87 102,662.77 0.00 0.00
2-A6 818,000.00 4.18300% 803,042.24 2,799.27 0.00 0.00
3-A1 51,285,000.00 4.56900% 50,767,552.79 193,297.46 0.00 0.00
AP 1,079,908.00 0.00000% 1,076,723.85 0.00 0.00 0.00
B-1 11,254,000.00 4.08791% 11,231,330.28 38,260.54 0.00 0.00
B-2 4,328,000.00 4.08791% 4,319,281.81 14,714.02 0.00 0.00
B-3 3,029,000.00 4.08791% 3,022,898.47 10,297.78 0.00 0.00
B-4 1,732,000.00 4.08791% 1,728,511.11 5,888.33 0.00 0.00
B-5 1,298,000.00 4.08791% 1,295,385.35 4,412.85 0.00 0.00
B-6 1,298,983.00 4.08791% 1,296,366.37 4,416.19 0.00 0.00
W-IO 0.00 0.61604% 830,588,856.21 426,398.11 0.00 0.00
SES 0.00 0.00000% 848,121,742.64 0.00 0.00 0.00
Totals 865,617,991.00 3,313,291.10 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 0.00 377,843.46 0.00 122,576,801.32
1-A2 0.00 0.00 10,286.94 0.00 3,337,204.08
1-AR 0.00 0.00 0.00 0.00 0.00
1-ALR 0.00 0.00 0.00 0.00 0.00
2-A1 0.00 0.00 582,611.19 0.00 159,909,219.06
2-A2 0.00 0.00 117,838.43 0.00 37,570,447.94
2-A3 0.00 0.00 237,820.27 0.00 70,444,589.89
2-A4 0.00 0.00 1,183,743.49 0.00 313,076,421.24
2-A5 0.00 0.00 102,662.77 0.00 28,177,835.96
2-A6 0.00 0.00 2,799.27 0.00 768,315.66
3-A1 0.00 0.00 193,297.46 0.00 50,304,407.41
AP 0.00 0.00 0.00 0.00 1,074,959.97
B-1 0.00 0.00 38,260.54 0.00 11,219,824.92
B-2 0.00 0.00 14,714.02 0.00 4,314,857.14
B-3 0.00 0.00 10,297.78 0.00 3,019,801.82
B-4 0.00 0.00 5,888.33 0.00 1,726,740.43
B-5 0.00 0.00 4,412.85 0.00 1,294,058.36
B-6 0.00 0.00 4,416.19 0.00 1,295,038.37
W-IO 0.00 0.00 426,398.11 0.00 792,606,933.68
SES 0.00 0.00 155,905.11 0.00 810,110,525.16
Totals 0.00 0.00 3,469,196.21 0.00
<FN>
(4) 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>
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% 964.13139006 2.75420197 0.00000000 0.00000000
1-A2 3,735,000.00 3.42800% 964.13138956 2.75420080 0.00000000 0.00000000
1-AR 50.00 3.42800% 0.00000000 0.00000000 0.00000000 0.00000000
1-ALR 50.00 3.42800% 0.00000000 0.00000000 0.00000000 0.00000000
2-A1 170,250,000.00 4.18300% 981.71422896 3.42209216 0.00000000 0.00000000
2-A2 40,000,000.00 3.60100% 981.71422900 2.94596075 0.00000000 0.00000000
2-A3 75,000,000.00 3.87600% 981.71422893 3.17093693 0.00000000 0.00000000
2-A4 333,322,000.00 4.34100% 981.71422894 3.55135122 0.00000000 0.00000000
2-A5 30,000,000.00 4.18300% 981.71422900 3.42209233 0.00000000 0.00000000
2-A6 818,000.00 4.18300% 981.71422983 3.42209046 0.00000000 0.00000000
3-A1 51,285,000.00 4.56900% 989.91035956 3.76908375 0.00000000 0.00000000
AP 1,079,908.00 0.00000% 997.05146179 0.00000000 0.00000000 0.00000000
B-1 11,254,000.00 4.08791% 997.98563000 3.39972810 0.00000000 0.00000000
B-2 4,328,000.00 4.08791% 997.98563078 3.39972736 0.00000000 0.00000000
B-3 3,029,000.00 4.08791% 997.98562892 3.39972928 0.00000000 0.00000000
B-4 1,732,000.00 4.08791% 997.98562933 3.39972864 0.00000000 0.00000000
B-5 1,298,000.00 4.08791% 997.98563174 3.39973035 0.00000000 0.00000000
B-6 1,298,983.00 4.08791% 997.98563184 3.39972886 0.00000000 0.00000000
W-IO 0.00 0.61604% 979.42898459 0.50280794 0.00000000 0.00000000
SES 0.00 0.00000% 979.78756205 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 2.75420197 0.00000000 893.49506750
1-A2 0.00000000 0.00000000 2.75420080 0.00000000 893.49506827
1-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A1 0.00000000 0.00000000 3.42209216 0.00000000 939.26119859
2-A2 0.00000000 0.00000000 2.94596075 0.00000000 939.26119850
2-A3 0.00000000 0.00000000 3.17093693 0.00000000 939.26119853
2-A4 0.00000000 0.00000000 3.55135122 0.00000000 939.26119860
2-A5 0.00000000 0.00000000 3.42209233 0.00000000 939.26119867
2-A6 0.00000000 0.00000000 3.42209046 0.00000000 939.26119804
3-A1 0.00000000 0.00000000 3.76908375 0.00000000 980.87954392
AP 0.00000000 0.00000000 0.00000000 0.00000000 995.41810043
B-1 0.00000000 0.00000000 3.39972810 0.00000000 996.96329483
B-2 0.00000000 0.00000000 3.39972736 0.00000000 996.96329482
B-3 0.00000000 0.00000000 3.39972928 0.00000000 996.96329482
B-4 0.00000000 0.00000000 3.39972864 0.00000000 996.96329677
B-5 0.00000000 0.00000000 3.39973035 0.00000000 996.96329738
B-6 0.00000000 0.00000000 3.39972886 0.00000000 996.96329359
W-IO 0.00000000 0.00000000 0.50280794 0.00000000 934.64076532
SES 0.00000000 0.00000000 0.18010844 0.00000000 935.87533079
<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 1,023,851.67 1,022,157.09 99.53832708%
AP (3) 0.00000% 0.00 0.00 52,872.18 52,802.88 99.60928127%
W-IO (1) 0.70070% 139,694,226.24 129,734,660.32 0.00 0.00 89.62085249%
W-IO (2) 0.59079% 640,587,385.40 613,027,365.89 0.00 0.00 93.95757830%
W-IO (3) 0.70255% 50,307,244.57 49,844,907.47 0.00 0.00 98.07531094%
SES (1) 0.00000% 139,694,226.24 129,734,660.32 0.00 0.00 89.62085204%
SES (2) 0.00000% 656,212,056.27 628,625,205.10 0.00 0.00 94.08833990%
SES (3) 0.00000% 52,215,460.13 51,750,659.74 0.00 0.00 98.13117383%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 41,495,195.61
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 22,676.57
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 0.00
Total Deposits 41,517,872.18
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 37,458.50
Payment of Interest and Principal 41,480,413.68
Total Withdrawals (Pool Distribution Amount) 41,517,872.18
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 35,338.15
Trustee Fee - Wells Fargo Bank Minnesota, N.A. 2,120.35
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 37,458.50
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 6 0 0 0 6
2,983,960.83 0.00 0.00 0.00 2,983,960.83
60 Days 3 0 0 0 3
1,333,997.67 0.00 0.00 0.00 1,333,997.67
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 9 0 0 0 9
4,317,958.50 0.00 0.00 0.00 4,317,958.50
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 0.379267% 0.000000% 0.000000% 0.000000% 0.379267%
0.368023% 0.000000% 0.000000% 0.000000% 0.368023%
60 Days 0.189633% 0.000000% 0.000000% 0.000000% 0.189633%
0.164527% 0.000000% 0.000000% 0.000000% 0.164527%
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 0.568900% 0.000000% 0.000000% 0.000000% 0.568900%
0.532549% 0.000000% 0.000000% 0.000000% 0.532549%
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 1 0 0 0 1
399,012.31 0.00 0.00 0.00 399,012.31
60 Days 1 0 0 0 1
399,485.11 0.00 0.00 0.00 399,485.11
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 2 0 0 0 2
798,497.42 0.00 0.00 0.00 798,497.42
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.387597% 0.000000% 0.000000% 0.000000% 0.387597%
0.307201% 0.000000% 0.000000% 0.000000% 0.307201%
60 Days 0.387597% 0.000000% 0.000000% 0.000000% 0.387597%
0.307565% 0.000000% 0.000000% 0.000000% 0.307565%
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 0.775194% 0.000000% 0.000000% 0.000000% 0.775194%
0.614766% 0.000000% 0.000000% 0.000000% 0.614766%
<Caption>
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 4 0 0 0 4
2,100,026.23 0.00 0.00 0.00 2,100,026.23
60 Days 2 0 0 0 2
934,512.56 0.00 0.00 0.00 934,512.56
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 6 0 0 0 6
3,034,538.79 0.00 0.00 0.00 3,034,538.79
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.325998% 0.000000% 0.000000% 0.000000% 0.325998%
0.333805% 0.000000% 0.000000% 0.000000% 0.333805%
60 Days 0.162999% 0.000000% 0.000000% 0.000000% 0.162999%
0.148543% 0.000000% 0.000000% 0.000000% 0.148543%
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 0.488998% 0.000000% 0.000000% 0.000000% 0.488998%
0.482348% 0.000000% 0.000000% 0.000000% 0.482348%
<Caption>
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 1 0 0 0 1
484,922.29 0.00 0.00 0.00 484,922.29
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 1 0 0 0 1
484,922.29 0.00 0.00 0.00 484,922.29
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.030928% 0.000000% 0.000000% 0.000000% 1.030928%
0.936061% 0.000000% 0.000000% 0.000000% 0.936061%
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 1.030928% 0.000000% 0.000000% 0.000000% 1.030928%
0.936061% 0.000000% 0.000000% 0.000000% 0.936061%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 22,676.57
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 4.961536%
Weighted Average Pass-Through Rate 4.687947%
Weighted Average Maturity(Stepdown Calculation ) 355
Beginning Scheduled Collateral Loan Count 1,648
Number Of Loans Paid In Full 66
Ending Scheduled Collateral Loan Count 1,582
Beginning Scheduled Collateral Balance 848,121,742.64
Ending Scheduled Collateral Balance 810,110,525.16
Ending Actual Collateral Balance at 30-Jun-2003 810,808,998.86
Monthly P &I Constant 4,375,172.69
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 41,219,538.75
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 810,110,525.16
Scheduled Principal 868,517.56
Unscheduled Principal 37,142,699.92
Miscellaneous Reporting
Total Senior Percentage 97.297218%
Aggregate Subordinate Percentage 2.702781%
Group Level Collateral Statement
Group 1 2 3
Collateral Description Mixed ARM Mixed ARM Mixed ARM
Weighted Average Coupon Rate 4.506697 5.015973 5.494250
Weighted Average Net Rate 4.256697 4.765973 5.244250
Weighted Average Maturity 354 355 355
Beginning Loan Count 277 1,273 98
Loans Paid In Full 19 46 1
Ending Loan Count 258 1,227 97
Beginning Scheduled Balance 139,694,226.24 656,212,056.27 52,215,460.13
Ending scheduled Balance 129,734,660.32 628,625,205.10 51,750,659.74
Record Date 06/30/2003 06/30/2003 06/30/2003
Principal And Interest Constant 717,543.85 3,359,196.85 298,431.99
Scheduled Principal 192,910.88 616,245.33 59,361.35
Unscheduled Principal 9,766,655.04 26,970,605.84 405,439.04
Scheduled Interest 524,632.97 2,742,951.52 239,070.64
Servicing Fees 29,102.97 136,710.86 10,878.20
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 349.23 1,640.56 130.56
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 14,551.48 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 480,629.29 2,604,600.10 228,061.88
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 4.128697 4.762973 5.241250
Group Level Collateral Statement
Group Total
Collateral Description Mixed ARM
Weighted Average Coupon Rate 4.961536
Weighted Average Net Rate 4.711536
Weighted Average Maturity 355
Beginning Loan Count 1,648
Loans Paid In Full 66
Ending Loan Count 1,582
Beginning Scheduled Balance 848,121,742.64
Ending scheduled Balance 810,110,525.16
Record Date 06/30/2003
Principal And Interest Constant 4,375,172.69
Scheduled Principal 868,517.56
Unscheduled Principal 37,142,699.92
Scheduled Interest 3,506,655.13
Servicing Fees 176,692.03
Master Servicing Fees 0.00
Trustee Fee 2,120.35
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 14,551.48
Pool Insurance Fee 0.00
Spread Fee 1 0.00
Spread Fee 2 0.00
Spread Fee 3 0.00
Net Interest 3,313,291.27
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 4.687947
Miscellaneous Reporting
Group 1
Group 1 Senior Percentage 97.261205%
Group 1 Subordinate Percentage 2.738795%
Group 1 Senior Prepayment Percentage 100.000000%
Group 1 Subordinate Prepayment % 0.000000%
Group 2
Group 2 Senior Percentage 97.302637%
Group 2 Subordinate Percentage 2.697363%
Group 2 Senior Prepayment Percentage 100.000000%
Group 2 Subordinate Prepayment % 0.000000%
Group 3
Group 3 Senior Percentage 97.325605%
Group 3 Subordinate Percentage 2.674395%
Group 3 Senior Prepayment Percentage 100.000000%
Group 3 Subordinate Prepayment % 0.000000%