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): September 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 September 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
September 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: 9/29/03
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 September 25, 2003 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 8/31/03
Distribution Date: 9/25/03
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% 104,053,247.58 297,245.44 15,273,721.08
1-A2 05948XBP5 SEN 3.42800% 2,832,892.67 8,092.63 415,833.37
1-AR 05948XBQ3 SEN 3.42800% 0.00 0.00 0.00
1-ALR 05948XBR1 SEN 3.42800% 0.00 0.16 0.00
2-A1 05948XBS9 SEN 4.18300% 141,798,466.23 494,285.81 12,144,870.49
2-A2 05948XBT7 SEN 3.60100% 33,315,351.83 99,973.82 2,853,420.38
2-A3 05948XBU4 SEN 3.87600% 62,466,284.68 201,766.10 5,350,163.21
2-A4 05948XBV2 SEN 4.34100% 277,618,492.57 1,004,284.89 23,777,694.69
2-A5 05948XBW0 SEN 4.18300% 24,986,513.87 87,098.82 2,140,065.28
2-A6 05948XBX8 SEN 4.18300% 681,298.94 2,374.89 58,352.45
3-A1 05948XBY6 SEN 4.56900% 47,707,940.46 181,647.98 3,757,922.10
AP 05948XBZ3 PO 0.00000% 1,066,970.59 0.00 1,777.77
B-1 05948XCA7 SUB 4.08798% 11,209,525.81 38,186.92 10,556.18
B-2 05948XCB5 SUB 4.08798% 4,310,896.36 14,685.71 4,059.63
B-3 05948XCC3 SUB 4.08798% 3,017,029.83 10,277.96 2,841.18
B-4 05948XCD1 SUB 4.08798% 1,725,155.38 5,877.00 1,624.60
B-5 05948XCE9 SUB 4.08798% 1,292,870.49 4,404.36 1,217.52
B-6 05948XCF6 SUB 4.08798% 1,293,849.61 4,407.69 1,218.44
W-IO 05948XCH2 SEN 0.62307% 0.00 364,638.71 0.00
SES 05948XCG4 SEN 0.00000% 0.00 131,427.62 0.00
Totals 719,376,786.90 2,950,676.51 65,795,338.37
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 88,779,526.50 15,570,966.52 0.00
1-A2 0.00 2,417,059.30 423,926.00 0.00
1-AR 0.00 0.00 0.00 0.00
1-ALR 0.00 0.00 0.16 0.00
2-A1 0.00 129,653,595.74 12,639,156.30 0.00
2-A2 0.00 30,461,931.45 2,953,394.20 0.00
2-A3 0.00 57,116,121.47 5,551,929.31 0.00
2-A4 0.00 253,840,797.87 24,781,979.58 0.00
2-A5 0.00 22,846,448.59 2,227,164.10 0.00
2-A6 0.00 622,946.50 60,727.34 0.00
3-A1 0.00 43,950,018.37 3,939,570.08 0.00
AP 0.00 1,065,192.82 1,777.77 0.00
B-1 0.00 11,198,969.63 48,743.10 0.00
B-2 0.00 4,306,836.73 18,745.34 0.00
B-3 0.00 3,014,188.64 13,119.14 0.00
B-4 0.00 1,723,530.78 7,501.60 0.00
B-5 0.00 1,291,652.97 5,621.88 0.00
B-6 0.00 1,292,631.17 5,626.13 0.00
W-IO 0.00 0.00 364,638.71 0.00
SES 0.00 0.00 131,427.62 0.00
Totals 0.00 653,581,448.53 68,746,014.88 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 137,188,000.00 104,053,247.58 122,430.00 15,151,291.09 0.00 0.00
1-A2 3,735,000.00 2,832,892.67 3,333.21 412,500.16 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 170,250,000.00 141,798,466.23 124,972.01 12,019,898.48 0.00 0.00
2-A2 40,000,000.00 33,315,351.83 29,362.00 2,824,058.38 0.00 0.00
2-A3 75,000,000.00 62,466,284.68 55,053.75 5,295,109.46 0.00 0.00
2-A4 333,322,000.00 277,618,492.57 244,675.02 23,533,019.68 0.00 0.00
2-A5 30,000,000.00 24,986,513.87 22,021.50 2,118,043.78 0.00 0.00
2-A6 818,000.00 681,298.94 600.45 57,751.99 0.00 0.00
3-A1 51,285,000.00 47,707,940.46 50,711.69 3,707,210.41 0.00 0.00
AP 1,079,908.00 1,066,970.59 1,522.87 254.91 0.00 0.00
B-1 11,254,000.00 11,209,525.81 10,556.18 0.00 0.00 0.00
B-2 4,328,000.00 4,310,896.36 4,059.63 0.00 0.00 0.00
B-3 3,029,000.00 3,017,029.83 2,841.18 0.00 0.00 0.00
B-4 1,732,000.00 1,725,155.38 1,624.60 0.00 0.00 0.00
B-5 1,298,000.00 1,292,870.49 1,217.52 0.00 0.00 0.00
B-6 1,298,983.00 1,293,849.61 1,218.44 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 865,617,991.00 719,376,786.90 676,200.05 65,119,138.34 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 15,273,721.08 88,779,526.50 0.64713770 15,273,721.08
1-A2 415,833.37 2,417,059.30 0.64713770 415,833.37
1-AR 0.00 0.00 0.00000000 0.00
1-ALR 0.00 0.00 0.00000000 0.00
2-A1 12,144,870.49 129,653,595.74 0.76154829 12,144,870.49
2-A2 2,853,420.38 30,461,931.45 0.76154829 2,853,420.38
2-A3 5,350,163.21 57,116,121.47 0.76154829 5,350,163.21
2-A4 23,777,694.69 253,840,797.87 0.76154829 23,777,694.69
2-A5 2,140,065.28 22,846,448.59 0.76154829 2,140,065.28
2-A6 58,352.45 622,946.50 0.76154829 58,352.45
3-A1 3,757,922.10 43,950,018.37 0.85697608 3,757,922.10
AP 1,777.77 1,065,192.82 0.98637367 1,777.77
B-1 10,556.18 11,198,969.63 0.99511015 10,556.18
B-2 4,059.63 4,306,836.73 0.99511015 4,059.63
B-3 2,841.18 3,014,188.64 0.99511015 2,841.18
B-4 1,624.60 1,723,530.78 0.99511015 1,624.60
B-5 1,217.52 1,291,652.97 0.99511015 1,217.52
B-6 1,218.44 1,292,631.17 0.99511015 1,218.44
W-IO 0.00 0.00 0.00000000 0.00
SES 0.00 0.00 0.00000000 0.00
Totals 65,795,338.37 653,581,448.53 0.75504605 65,795,338.37
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 137,188,000.00 758.47193326 0.89242499 110.44181044 0.00000000
1-A2 3,735,000.00 758.47193307 0.89242570 110.44180991 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 170,250,000.00 832.88379577 0.73404999 70.60145950 0.00000000
2-A2 40,000,000.00 832.88379575 0.73405000 70.60145950 0.00000000
2-A3 75,000,000.00 832.88379573 0.73405000 70.60145947 0.00000000
2-A4 333,322,000.00 832.88379576 0.73405002 70.60145949 0.00000000
2-A5 30,000,000.00 832.88379567 0.73405000 70.60145933 0.00000000
2-A6 818,000.00 832.88378973 0.73404645 70.60145477 0.00000000
3-A1 51,285,000.00 930.25134952 0.98882110 72.28644652 0.00000000
AP 1,079,908.00 988.01989614 1.41018494 0.23604789 0.00000000
B-1 11,254,000.00 996.04814377 0.93799360 0.00000000 0.00000000
B-2 4,328,000.00 996.04814233 0.93799214 0.00000000 0.00000000
B-3 3,029,000.00 996.04814460 0.93799274 0.00000000 0.00000000
B-4 1,732,000.00 996.04814088 0.93799076 0.00000000 0.00000000
B-5 1,298,000.00 996.04814330 0.93799692 0.00000000 0.00000000
B-6 1,298,983.00 996.04814690 0.93799534 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 111.33423536 647.13769790 0.64713770 111.33423536
1-A2 0.00000000 111.33423561 647.13769746 0.64713770 111.33423561
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 71.33550949 761.54828628 0.76154829 71.33550949
2-A2 0.00000000 71.33550950 761.54828625 0.76154829 71.33550950
2-A3 0.00000000 71.33550947 761.54828627 0.76154829 71.33550947
2-A4 0.00000000 71.33550948 761.54828625 0.76154829 71.33550948
2-A5 0.00000000 71.33550933 761.54828633 0.76154829 71.33550933
2-A6 0.00000000 71.33551345 761.54828851 0.76154829 71.33551345
3-A1 0.00000000 73.27526762 856.97608209 0.85697608 73.27526762
AP 0.00000000 1.64622357 986.37367257 0.98637367 1.64622357
B-1 0.00000000 0.93799360 995.11015017 0.99511015 0.93799360
B-2 0.00000000 0.93799214 995.11015018 0.99511015 0.93799214
B-3 0.00000000 0.93799274 995.11014856 0.99511015 0.93799274
B-4 0.00000000 0.93799076 995.11015012 0.99511015 0.93799076
B-5 0.00000000 0.93799692 995.11014638 0.99511015 0.93799692
B-6 0.00000000 0.93799534 995.11015156 0.99511015 0.93799534
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% 104,053,247.58 297,245.44 0.00 0.00
1-A2 3,735,000.00 3.42800% 2,832,892.67 8,092.63 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% 141,798,466.23 494,285.82 0.00 0.00
2-A2 40,000,000.00 3.60100% 33,315,351.83 99,973.82 0.00 0.00
2-A3 75,000,000.00 3.87600% 62,466,284.68 201,766.10 0.00 0.00
2-A4 333,322,000.00 4.34100% 277,618,492.57 1,004,284.90 0.00 0.00
2-A5 30,000,000.00 4.18300% 24,986,513.87 87,098.82 0.00 0.00
2-A6 818,000.00 4.18300% 681,298.94 2,374.89 0.00 0.00
3-A1 51,285,000.00 4.56900% 47,707,940.46 181,647.98 0.00 0.00
AP 1,079,908.00 0.00000% 1,066,970.59 0.00 0.00 0.00
B-1 11,254,000.00 4.08798% 11,209,525.81 38,186.92 0.00 0.00
B-2 4,328,000.00 4.08798% 4,310,896.36 14,685.71 0.00 0.00
B-3 3,029,000.00 4.08798% 3,017,029.83 10,277.96 0.00 0.00
B-4 1,732,000.00 4.08798% 1,725,155.38 5,877.00 0.00 0.00
B-5 1,298,000.00 4.08798% 1,292,870.49 4,404.36 0.00 0.00
B-6 1,298,983.00 4.08798% 1,293,849.61 4,407.69 0.00 0.00
W-IO 0.00 0.62307% 702,276,750.45 364,638.71 0.00 0.00
SES 0.00 0.00000% 719,376,788.51 0.00 0.00 0.00
Totals 865,617,991.00 2,819,248.75 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 0.00 297,245.44 0.00 88,779,526.50
1-A2 0.00 0.00 8,092.63 0.00 2,417,059.30
1-AR 0.00 0.00 0.00 0.00 0.00
1-ALR 0.00 0.00 0.16 0.00 0.00
2-A1 0.01 0.00 494,285.81 0.00 129,653,595.74
2-A2 0.00 0.00 99,973.82 0.00 30,461,931.45
2-A3 0.00 0.00 201,766.10 0.00 57,116,121.47
2-A4 0.01 0.00 1,004,284.89 0.00 253,840,797.87
2-A5 0.00 0.00 87,098.82 0.00 22,846,448.59
2-A6 0.00 0.00 2,374.89 0.00 622,946.50
3-A1 0.00 0.00 181,647.98 0.00 43,950,018.37
AP 0.00 0.00 0.00 0.00 1,065,192.82
B-1 0.00 0.00 38,186.92 0.00 11,198,969.63
B-2 0.00 0.00 14,685.71 0.00 4,306,836.73
B-3 0.00 0.00 10,277.96 0.00 3,014,188.64
B-4 0.00 0.00 5,877.00 0.00 1,723,530.78
B-5 0.00 0.00 4,404.36 0.00 1,291,652.97
B-6 0.00 0.00 4,407.69 0.00 1,292,631.17
W-IO 0.00 0.00 364,638.71 0.00 636,510,145.24
SES 0.00 0.00 131,427.62 0.00 653,581,450.13
Totals 0.02 0.00 2,950,676.51 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% 758.47193326 2.16670146 0.00000000 0.00000000
1-A2 3,735,000.00 3.42800% 758.47193307 2.16670147 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% 832.88379577 2.90329410 0.00000000 0.00000000
2-A2 40,000,000.00 3.60100% 832.88379575 2.49934550 0.00000000 0.00000000
2-A3 75,000,000.00 3.87600% 832.88379573 2.69021467 0.00000000 0.00000000
2-A4 333,322,000.00 4.34100% 832.88379576 3.01295714 0.00000000 0.00000000
2-A5 30,000,000.00 4.18300% 832.88379567 2.90329400 0.00000000 0.00000000
2-A6 818,000.00 4.18300% 832.88378973 2.90328851 0.00000000 0.00000000
3-A1 51,285,000.00 4.56900% 930.25134952 3.54193195 0.00000000 0.00000000
AP 1,079,908.00 0.00000% 988.01989614 0.00000000 0.00000000 0.00000000
B-1 11,254,000.00 4.08798% 996.04814377 3.39318642 0.00000000 0.00000000
B-2 4,328,000.00 4.08798% 996.04814233 3.39318623 0.00000000 0.00000000
B-3 3,029,000.00 4.08798% 996.04814460 3.39318587 0.00000000 0.00000000
B-4 1,732,000.00 4.08798% 996.04814088 3.39318707 0.00000000 0.00000000
B-5 1,298,000.00 4.08798% 996.04814330 3.39318952 0.00000000 0.00000000
B-6 1,298,983.00 4.08798% 996.04814690 3.39318528 0.00000000 0.00000000
W-IO 0.00 0.62307% 828.12356493 0.42998135 0.00000000 0.00000000
SES 0.00 0.00000% 831.05572511 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 2.16670146 0.00000000 647.13769790
1-A2 0.00000000 0.00000000 2.16670147 0.00000000 647.13769746
1-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-ALR 0.00000000 0.00000000 3.20000000 0.00000000 0.00000000
2-A1 0.00000006 0.00000000 2.90329404 0.00000000 761.54828628
2-A2 0.00000000 0.00000000 2.49934550 0.00000000 761.54828625
2-A3 0.00000000 0.00000000 2.69021467 0.00000000 761.54828627
2-A4 0.00000003 0.00000000 3.01295711 0.00000000 761.54828625
2-A5 0.00000000 0.00000000 2.90329400 0.00000000 761.54828633
2-A6 0.00000000 0.00000000 2.90328851 0.00000000 761.54828851
3-A1 0.00000000 0.00000000 3.54193195 0.00000000 856.97608209
AP 0.00000000 0.00000000 0.00000000 0.00000000 986.37367257
B-1 0.00000000 0.00000000 3.39318642 0.00000000 995.11015017
B-2 0.00000000 0.00000000 3.39318623 0.00000000 995.11015018
B-3 0.00000000 0.00000000 3.39318587 0.00000000 995.11014856
B-4 0.00000000 0.00000000 3.39318707 0.00000000 995.11015012
B-5 0.00000000 0.00000000 3.39318952 0.00000000 995.11014638
B-6 0.00000000 0.00000000 3.39318528 0.00000000 995.11015156
W-IO 0.00000000 0.00000000 0.42998135 0.00000000 750.57169450
SES 0.00000000 0.00000000 0.15183097 0.00000000 755.04605463
<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 1,014,237.29 1,012,529.35 98.60077145%
AP (3) 0.00000% 0.00 0.00 52,733.31 52,663.47 99.34629315%
W-IO (1) 0.71979% 110,702,333.14 95,008,288.52 0.00 0.00 65.63183493%
W-IO (2) 0.59725% 544,325,094.18 498,009,522.49 0.00 0.00 76.32900472%
W-IO (3) 0.69392% 47,249,323.13 43,492,334.23 0.00 0.00 85.57592781%
SES (1) 0.00000% 110,702,333.14 95,008,288.52 0.00 0.00 65.63183460%
SES (2) 0.00000% 559,521,852.89 513,180,030.63 0.00 0.00 76.80929234%
SES (3) 0.00000% 49,152,602.48 45,393,130.98 0.00 0.00 86.07583458%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 68,751,648.55
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 26,138.77
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 0.00
Total Deposits 68,777,787.32
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 31,772.44
Payment of Interest and Principal 68,746,014.88
Total Withdrawals (Pool Distribution Amount) 68,777,787.32
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 29,973.97
Trustee Fee - Wells Fargo Bank Minnesota, N.A. 1,798.47
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 31,772.44
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 10 0 0 0 10
5,084,013.09 0.00 0.00 0.00 5,084,013.09
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 10 0 0 0 10
5,084,013.09 0.00 0.00 0.00 5,084,013.09
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 0.772201% 0.000000% 0.000000% 0.000000% 0.772201%
0.777197% 0.000000% 0.000000% 0.000000% 0.777197%
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 0.772201% 0.000000% 0.000000% 0.000000% 0.772201%
0.777197% 0.000000% 0.000000% 0.000000% 0.777197%
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 4 0 0 0 4
1,858,211.40 0.00 0.00 0.00 1,858,211.40
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 4 0 0 0 4
1,858,211.40 0.00 0.00 0.00 1,858,211.40
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 2.061856% 0.000000% 0.000000% 0.000000% 2.061856%
1.953450% 0.000000% 0.000000% 0.000000% 1.953450%
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 2.061856% 0.000000% 0.000000% 0.000000% 2.061856%
1.953450% 0.000000% 0.000000% 0.000000% 1.953450%
<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
2,201,991.41 0.00 0.00 0.00 2,201,991.41
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 4 0 0 0 4
2,201,991.41 0.00 0.00 0.00 2,201,991.41
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.394867% 0.000000% 0.000000% 0.000000% 0.394867%
0.428750% 0.000000% 0.000000% 0.000000% 0.428750%
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 0.394867% 0.000000% 0.000000% 0.000000% 0.394867%
0.428750% 0.000000% 0.000000% 0.000000% 0.428750%
<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 2 0 0 0 2
1,023,810.28 0.00 0.00 0.00 1,023,810.28
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 2 0 0 0 2
1,023,810.28 0.00 0.00 0.00 1,023,810.28
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 2.272727% 0.000000% 0.000000% 0.000000% 2.272727%
2.253158% 0.000000% 0.000000% 0.000000% 2.253158%
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 2.272727% 0.000000% 0.000000% 0.000000% 2.272727%
2.253158% 0.000000% 0.000000% 0.000000% 2.253158%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 26,138.77
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 4.975055%
Weighted Average Pass-Through Rate 4.702819%
Weighted Average Maturity(Stepdown Calculation ) 353
Beginning Scheduled Collateral Loan Count 1,418
Number Of Loans Paid In Full 123
Ending Scheduled Collateral Loan Count 1,295
Beginning Scheduled Collateral Balance 719,376,788.51
Ending Scheduled Collateral Balance 653,581,450.13
Ending Actual Collateral Balance at 31-Aug-2003 654,147,161.33
Monthly P &I Constant 3,658,649.06
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 68,511,674.39
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 653,581,450.13
Scheduled Principal 676,200.04
Unscheduled Principal 65,119,138.34
Group One CPR % 83.80458069%
Group Two CPR % 64.18766080%
Group Three CPR % 61.01769378%
Miscellaneous Reporting
Total Senior Percentage 96.819016%
Aggregate Subordinate Percentage 3.180985%
Group Level Collateral Statement
Group 1 2 3
Collateral Description Mixed ARM Mixed ARM Mixed ARM
Weighted Average Coupon Rate 4.525793 5.019219 5.484149
Weighted Average Net Rate 4.275792 4.769219 5.234148
Weighted Average Maturity 352 353 353
Beginning Loan Count 223 1,102 93
Loans Paid In Full 29 89 5
Ending Loan Count 194 1,013 88
Beginning Scheduled Balance 110,702,333.14 559,521,852.89 49,152,602.48
Ending scheduled Balance 95,008,288.52 513,180,030.63 45,393,130.98
Record Date 08/31/2003 08/31/2003 08/31/2003
Principal And Interest Constant 547,766.53 2,833,987.95 276,894.58
Scheduled Principal 130,253.37 493,685.58 52,261.09
Unscheduled Principal 15,563,791.25 45,848,136.68 3,707,210.41
Scheduled Interest 417,513.16 2,340,302.37 224,633.49
Servicing Fees 23,063.00 116,567.05 10,240.14
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 276.79 1,398.79 122.89
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 11,531.49 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 382,641.88 2,222,336.53 214,270.46
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 4.147793 4.766219 5.231149
Group Level Collateral Statement
Group Total
Collateral Description Mixed ARM
Weighted Average Coupon Rate 4.975055
Weighted Average Net Rate 4.725055
Weighted Average Maturity 353
Beginning Loan Count 1,418
Loans Paid In Full 123
Ending Loan Count 1,295
Beginning Scheduled Balance 719,376,788.51
Ending scheduled Balance 653,581,450.13
Record Date 08/31/2003
Principal And Interest Constant 3,658,649.06
Scheduled Principal 676,200.04
Unscheduled Principal 65,119,138.34
Scheduled Interest 2,982,449.02
Servicing Fees 149,870.19
Master Servicing Fees 0.00
Trustee Fee 1,798.47
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 11,531.49
Pool Insurance Fee 0.00
Spread Fee 1 0.00
Spread Fee 2 0.00
Spread Fee 3 0.00
Net Interest 2,819,248.87
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 4.702819
Miscellaneous Reporting
Group 1
Group 1 Subordinate Percentage 3.447256%
Group 1 Subordinate Prepayment % 0.000000%
Group 1 Senior Prepayment Percentage 100.000000%
Group 1 Senior Percentage 96.552744%
Group 2
Group 2 Subordinate Percentage 3.158633%
Group 2 Subordinate Prepayment % 0.000000%
Group 2 Senior Prepayment Percentage 100.000000%
Group 2 Senior Percentage 96.841367%
Group 3
Group 3 Subordinate Percentage 2.834888%
Group 3 Subordinate Prepayment % 0.000000%
Group 3 Senior Prepayment Percentage 100.000000%
Group 3 Senior Percentage 97.165112%