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): October 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 October 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
October 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 as Assistant Vice President
By: Beth Belfield as Assistant Vice President
Date: 10/31/03
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 October 27, 2003 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 9/30/03
Distribution Date: 10/27/03
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% 88,779,526.50 253,613.51 9,229,401.72
1-A2 05948XBP5 SEN 3.42800% 2,417,059.30 6,904.73 251,274.28
1-AR 05948XBQ3 SEN 3.42800% 0.00 0.00 0.00
1-ALR 05948XBR1 SEN 3.42800% 0.00 0.10 0.00
2-A1 05948XBS9 SEN 4.18300% 129,653,595.74 451,950.82 7,009,422.21
2-A2 05948XBT7 SEN 3.60100% 30,461,931.45 91,411.18 1,646,853.97
2-A3 05948XBU4 SEN 3.87600% 57,116,121.47 184,485.07 3,087,851.19
2-A4 05948XBV2 SEN 4.34100% 253,840,797.87 918,269.08 13,723,316.47
2-A5 05948XBW0 SEN 4.18300% 22,846,448.59 79,638.91 1,235,140.48
2-A6 05948XBX8 SEN 4.18300% 622,946.50 2,171.49 33,678.16
3-A1 05948XBY6 SEN 4.56900% 43,950,018.37 167,339.69 1,884,889.74
AP 05948XBZ3 PO 0.00000% 1,065,192.82 0.00 1,901.68
B-1 05948XCA7 SUB 4.08801% 11,198,969.63 38,151.22 10,927.13
B-2 05948XCB5 SUB 4.08801% 4,306,836.73 14,671.98 4,202.30
B-3 05948XCC3 SUB 4.08801% 3,014,188.64 10,268.35 2,941.02
B-4 05948XCD1 SUB 4.08801% 1,723,530.78 5,871.50 1,681.69
B-5 05948XCE9 SUB 4.08801% 1,291,652.97 4,400.24 1,260.30
B-6 05948XCF6 SUB 4.08801% 1,292,631.17 4,403.57 1,261.25
W-IO 05948XCH2 SEN 0.62371% 0.00 330,831.46 0.00
SES 05948XCG4 SEN 0.00000% 0.00 125,352.93 0.00
Totals 653,581,448.53 2,689,735.83 38,126,003.59
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 79,550,124.78 9,483,015.23 0.00
1-A2 0.00 2,165,785.03 258,179.01 0.00
1-AR 0.00 0.00 0.00 0.00
1-ALR 0.00 0.00 0.10 0.00
2-A1 0.00 122,644,173.53 7,461,373.03 0.00
2-A2 0.00 28,815,077.48 1,738,265.15 0.00
2-A3 0.00 54,028,270.28 3,272,336.26 0.00
2-A4 0.00 240,117,481.40 14,641,585.55 0.00
2-A5 0.00 21,611,308.11 1,314,779.39 0.00
2-A6 0.00 589,268.33 35,849.65 0.00
3-A1 0.00 42,065,128.63 2,052,229.43 0.00
AP 0.00 1,063,291.13 1,901.68 0.00
B-1 0.00 11,188,042.50 49,078.35 0.00
B-2 0.00 4,302,634.43 18,874.28 0.00
B-3 0.00 3,011,247.62 13,209.37 0.00
B-4 0.00 1,721,849.09 7,553.19 0.00
B-5 0.00 1,290,392.67 5,660.54 0.00
B-6 0.00 1,291,369.91 5,664.82 0.00
W-IO 0.00 0.00 330,831.46 0.00
SES 0.00 0.00 125,352.93 0.00
Totals 0.00 615,455,444.92 40,815,739.42 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 88,779,526.50 110,194.02 9,119,207.70 0.00 0.00
1-A2 3,735,000.00 2,417,059.30 3,000.08 248,274.20 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 170,250,000.00 129,653,595.74 117,568.13 6,891,854.07 0.00 0.00
2-A2 40,000,000.00 30,461,931.45 27,622.47 1,619,231.50 0.00 0.00
2-A3 75,000,000.00 57,116,121.47 51,792.13 3,036,059.06 0.00 0.00
2-A4 333,322,000.00 253,840,797.87 230,179.42 13,493,137.05 0.00 0.00
2-A5 30,000,000.00 22,846,448.59 20,716.85 1,214,423.63 0.00 0.00
2-A6 818,000.00 622,946.50 564.88 33,113.28 0.00 0.00
3-A1 51,285,000.00 43,950,018.37 49,305.63 1,835,584.11 0.00 0.00
AP 1,079,908.00 1,065,192.82 1,527.06 374.62 0.00 0.00
B-1 11,254,000.00 11,198,969.63 10,927.13 0.00 0.00 0.00
B-2 4,328,000.00 4,306,836.73 4,202.30 0.00 0.00 0.00
B-3 3,029,000.00 3,014,188.64 2,941.02 0.00 0.00 0.00
B-4 1,732,000.00 1,723,530.78 1,681.69 0.00 0.00 0.00
B-5 1,298,000.00 1,291,652.97 1,260.30 0.00 0.00 0.00
B-6 1,298,983.00 1,292,631.17 1,261.25 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 865,617,991.00 653,581,448.53 634,744.36 37,491,259.22 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 9,229,401.72 79,550,124.78 0.57986212 9,229,401.72
1-A2 251,274.28 2,165,785.03 0.57986212 251,274.28
1-AR 0.00 0.00 0.00000000 0.00
1-ALR 0.00 0.00 0.00000000 0.00
2-A1 7,009,422.21 122,644,173.53 0.72037694 7,009,422.21
2-A2 1,646,853.97 28,815,077.48 0.72037694 1,646,853.97
2-A3 3,087,851.19 54,028,270.28 0.72037694 3,087,851.19
2-A4 13,723,316.47 240,117,481.40 0.72037694 13,723,316.47
2-A5 1,235,140.48 21,611,308.11 0.72037694 1,235,140.48
2-A6 33,678.16 589,268.33 0.72037693 33,678.16
3-A1 1,884,889.74 42,065,128.63 0.82022285 1,884,889.74
AP 1,901.68 1,063,291.13 0.98461270 1,901.68
B-1 10,927.13 11,188,042.50 0.99413919 10,927.13
B-2 4,202.30 4,302,634.43 0.99413919 4,202.30
B-3 2,941.02 3,011,247.62 0.99413919 2,941.02
B-4 1,681.69 1,721,849.09 0.99413920 1,681.69
B-5 1,260.30 1,290,392.67 0.99413919 1,260.30
B-6 1,261.25 1,291,369.91 0.99413919 1,261.25
W-IO 0.00 0.00 0.00000000 0.00
SES 0.00 0.00 0.00000000 0.00
Totals 38,126,003.59 615,455,444.92 0.71100122 38,126,003.59
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 137,188,000.00 647.13769790 0.80323366 66.47234233 0.00000000
1-A2 3,735,000.00 647.13769746 0.80323427 66.47234270 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 170,250,000.00 761.54828628 0.69056170 40.48078749 0.00000000
2-A2 40,000,000.00 761.54828625 0.69056175 40.48078750 0.00000000
2-A3 75,000,000.00 761.54828627 0.69056173 40.48078747 0.00000000
2-A4 333,322,000.00 761.54828625 0.69056174 40.48078750 0.00000000
2-A5 30,000,000.00 761.54828633 0.69056167 40.48078767 0.00000000
2-A6 818,000.00 761.54828851 0.69056235 40.48078240 0.00000000
3-A1 51,285,000.00 856.97608209 0.96140450 35.79183211 0.00000000
AP 1,079,908.00 986.37367257 1.41406490 0.34689992 0.00000000
B-1 11,254,000.00 995.11015017 0.97095522 0.00000000 0.00000000
B-2 4,328,000.00 995.11015018 0.97095656 0.00000000 0.00000000
B-3 3,029,000.00 995.11014856 0.97095411 0.00000000 0.00000000
B-4 1,732,000.00 995.11015012 0.97095266 0.00000000 0.00000000
B-5 1,298,000.00 995.11014638 0.97095532 0.00000000 0.00000000
B-6 1,298,983.00 995.11015156 0.97095189 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 67.27557600 579.86212191 0.57986212 67.27557600
1-A2 0.00000000 67.27557697 579.86212316 0.57986212 67.27557697
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 41.17134925 720.37693703 0.72037694 41.17134925
2-A2 0.00000000 41.17134925 720.37693700 0.72037694 41.17134925
2-A3 0.00000000 41.17134920 720.37693707 0.72037694 41.17134920
2-A4 0.00000000 41.17134924 720.37693702 0.72037694 41.17134924
2-A5 0.00000000 41.17134933 720.37693700 0.72037694 41.17134933
2-A6 0.00000000 41.17134474 720.37693154 0.72037693 41.17134474
3-A1 0.00000000 36.75323662 820.22284547 0.82022285 36.75323662
AP 0.00000000 1.76096482 984.61269849 0.98461270 1.76096482
B-1 0.00000000 0.97095522 994.13919495 0.99413919 0.97095522
B-2 0.00000000 0.97095656 994.13919362 0.99413919 0.97095656
B-3 0.00000000 0.97095411 994.13919445 0.99413919 0.97095411
B-4 0.00000000 0.97095266 994.13919746 0.99413920 0.97095266
B-5 0.00000000 0.97095532 994.13919106 0.99413919 0.97095532
B-6 0.00000000 0.97095189 994.13919197 0.99413919 0.97095189
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% 88,779,526.50 253,613.51 0.00 0.00
1-A2 3,735,000.00 3.42800% 2,417,059.30 6,904.73 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% 129,653,595.74 451,950.83 0.00 0.00
2-A2 40,000,000.00 3.60100% 30,461,931.45 91,411.18 0.00 0.00
2-A3 75,000,000.00 3.87600% 57,116,121.47 184,485.07 0.00 0.00
2-A4 333,322,000.00 4.34100% 253,840,797.87 918,269.09 0.00 0.00
2-A5 30,000,000.00 4.18300% 22,846,448.59 79,638.91 0.00 0.00
2-A6 818,000.00 4.18300% 622,946.50 2,171.49 0.00 0.00
3-A1 51,285,000.00 4.56900% 43,950,018.37 167,339.69 0.00 0.00
AP 1,079,908.00 0.00000% 1,065,192.82 0.00 0.00 0.00
B-1 11,254,000.00 4.08801% 11,198,969.63 38,151.22 0.00 0.00
B-2 4,328,000.00 4.08801% 4,306,836.73 14,671.98 0.00 0.00
B-3 3,029,000.00 4.08801% 3,014,188.64 10,268.35 0.00 0.00
B-4 1,732,000.00 4.08801% 1,723,530.78 5,871.50 0.00 0.00
B-5 1,298,000.00 4.08801% 1,291,652.97 4,400.24 0.00 0.00
B-6 1,298,983.00 4.08801% 1,292,631.17 4,403.57 0.00 0.00
W-IO 0.00 0.62371% 636,510,145.24 330,831.46 0.00 0.00
SES 0.00 0.00000% 653,581,450.13 0.00 0.00 0.00
Totals 865,617,991.00 2,564,382.82 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 0.00 253,613.51 0.00 79,550,124.78
1-A2 0.00 0.00 6,904.73 0.00 2,165,785.03
1-AR 0.00 0.00 0.00 0.00 0.00
1-ALR 0.00 0.00 0.10 0.00 0.00
2-A1 0.00 0.00 451,950.82 0.00 122,644,173.53
2-A2 0.00 0.00 91,411.18 0.00 28,815,077.48
2-A3 0.00 0.00 184,485.07 0.00 54,028,270.28
2-A4 0.01 0.00 918,269.08 0.00 240,117,481.40
2-A5 0.00 0.00 79,638.91 0.00 21,611,308.11
2-A6 0.00 0.00 2,171.49 0.00 589,268.33
3-A1 0.00 0.00 167,339.69 0.00 42,065,128.63
AP 0.00 0.00 0.00 0.00 1,063,291.13
B-1 0.00 0.00 38,151.22 0.00 11,188,042.50
B-2 0.00 0.00 14,671.98 0.00 4,302,634.43
B-3 0.00 0.00 10,268.35 0.00 3,011,247.62
B-4 0.00 0.00 5,871.50 0.00 1,721,849.09
B-5 0.00 0.00 4,400.24 0.00 1,290,392.67
B-6 0.00 0.00 4,403.57 0.00 1,291,369.91
W-IO 0.00 0.00 330,831.46 0.00 598,415,499.07
SES 0.00 0.00 125,352.93 0.00 615,455,446.53
Totals 0.01 0.00 2,689,735.83 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% 647.13769790 1.84865666 0.00000000 0.00000000
1-A2 3,735,000.00 3.42800% 647.13769746 1.84865596 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% 761.54828628 2.65463043 0.00000000 0.00000000
2-A2 40,000,000.00 3.60100% 761.54828625 2.28527950 0.00000000 0.00000000
2-A3 75,000,000.00 3.87600% 761.54828627 2.45980093 0.00000000 0.00000000
2-A4 333,322,000.00 4.34100% 761.54828625 2.75490094 0.00000000 0.00000000
2-A5 30,000,000.00 4.18300% 761.54828633 2.65463033 0.00000000 0.00000000
2-A6 818,000.00 4.18300% 761.54828851 2.65463325 0.00000000 0.00000000
3-A1 51,285,000.00 4.56900% 856.97608209 3.26293634 0.00000000 0.00000000
AP 1,079,908.00 0.00000% 986.37367257 0.00000000 0.00000000 0.00000000
B-1 11,254,000.00 4.08801% 995.11015017 3.39001422 0.00000000 0.00000000
B-2 4,328,000.00 4.08801% 995.11015018 3.39001386 0.00000000 0.00000000
B-3 3,029,000.00 4.08801% 995.11014856 3.39001321 0.00000000 0.00000000
B-4 1,732,000.00 4.08801% 995.11015012 3.39001155 0.00000000 0.00000000
B-5 1,298,000.00 4.08801% 995.11014638 3.39001541 0.00000000 0.00000000
B-6 1,298,983.00 4.08801% 995.11015156 3.39001357 0.00000000 0.00000000
W-IO 0.00 0.62371% 750.57169450 0.39011590 0.00000000 0.00000000
SES 0.00 0.00000% 755.04605463 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 1.84865666 0.00000000 579.86212191
1-A2 0.00000000 0.00000000 1.84865596 0.00000000 579.86212316
1-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-ALR 0.00000000 0.00000000 2.00000000 0.00000000 0.00000000
2-A1 0.00000000 0.00000000 2.65463037 0.00000000 720.37693703
2-A2 0.00000000 0.00000000 2.28527950 0.00000000 720.37693700
2-A3 0.00000000 0.00000000 2.45980093 0.00000000 720.37693707
2-A4 0.00000003 0.00000000 2.75490091 0.00000000 720.37693702
2-A5 0.00000000 0.00000000 2.65463033 0.00000000 720.37693700
2-A6 0.00000000 0.00000000 2.65463325 0.00000000 720.37693154
3-A1 0.00000000 0.00000000 3.26293634 0.00000000 820.22284547
AP 0.00000000 0.00000000 0.00000000 0.00000000 984.61269849
B-1 0.00000000 0.00000000 3.39001422 0.00000000 994.13919495
B-2 0.00000000 0.00000000 3.39001386 0.00000000 994.13919362
B-3 0.00000000 0.00000000 3.39001321 0.00000000 994.13919445
B-4 0.00000000 0.00000000 3.39001155 0.00000000 994.13919746
B-5 0.00000000 0.00000000 3.39001541 0.00000000 994.13919106
B-6 0.00000000 0.00000000 3.39001357 0.00000000 994.13919197
W-IO 0.00000000 0.00000000 0.39011590 0.00000000 705.65055170
SES 0.00000000 0.00000000 0.14481322 0.00000000 711.00121739
<FN>
(6) 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>
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 1,012,529.35 1,010,697.78 98.42241196%
AP (3) 0.00000% 0.00 0.00 52,663.47 52,593.36 99.21403509%
W-IO (1) 0.73281% 95,008,288.52 85,522,881.40 0.00 0.00 59.07930479%
W-IO (2) 0.59712% 498,009,522.49 471,284,310.86 0.00 0.00 72.23288062%
W-IO (3) 0.68987% 43,492,334.23 41,608,306.81 0.00 0.00 81.86889765%
SES (1) 0.00000% 95,008,288.52 85,522,881.40 0.00 0.00 59.07930449%
SES (2) 0.00000% 513,180,030.63 486,425,953.88 0.00 0.00 72.80492432%
SES (3) 0.00000% 45,393,130.98 43,506,611.25 0.00 0.00 82.49855853%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 40,822,987.97
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 21,618.06
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 0.00
Total Deposits 40,844,606.03
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 28,866.61
Payment of Interest and Principal 40,815,739.42
Total Withdrawals (Pool Distribution Amount) 40,844,606.03
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 27,232.65
Trustee Fee - Wells Fargo Bank Minnesota, N.A. 1,633.96
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 28,866.61
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 7 0 0 0 7
3,171,863.39 0.00 0.00 0.00 3,171,863.39
60 Days 1 0 0 0 1
604,343.98 0.00 0.00 0.00 604,343.98
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 8 0 0 0 8
3,776,207.37 0.00 0.00 0.00 3,776,207.37
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 0.573770% 0.000000% 0.000000% 0.000000% 0.573770%
0.514921% 0.000000% 0.000000% 0.000000% 0.514921%
60 Days 0.081967% 0.000000% 0.000000% 0.000000% 0.081967%
0.098109% 0.000000% 0.000000% 0.000000% 0.098109%
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 0.655738% 0.000000% 0.000000% 0.000000% 0.655738%
0.613031% 0.000000% 0.000000% 0.000000% 0.613031%
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
380,019.09 0.00 0.00 0.00 380,019.09
60 Days 1 0 0 0 1
604,343.98 0.00 0.00 0.00 604,343.98
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
984,363.07 0.00 0.00 0.00 984,363.07
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.571429% 0.000000% 0.000000% 0.000000% 0.571429%
0.443814% 0.000000% 0.000000% 0.000000% 0.443814%
60 Days 0.571429% 0.000000% 0.000000% 0.000000% 0.571429%
0.705797% 0.000000% 0.000000% 0.000000% 0.705797%
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 1.142857% 0.000000% 0.000000% 0.000000% 1.142857%
1.149611% 0.000000% 0.000000% 0.000000% 1.149611%
<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
1,937,340.92 0.00 0.00 0.00 1,937,340.92
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
1,937,340.92 0.00 0.00 0.00 1,937,340.92
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.416233% 0.000000% 0.000000% 0.000000% 0.416233%
0.397965% 0.000000% 0.000000% 0.000000% 0.397965%
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 0.416233% 0.000000% 0.000000% 0.000000% 0.416233%
0.397965% 0.000000% 0.000000% 0.000000% 0.397965%
<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
854,503.38 0.00 0.00 0.00 854,503.38
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
854,503.38 0.00 0.00 0.00 854,503.38
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 2.380952% 0.000000% 0.000000% 0.000000% 2.380952%
1.962041% 0.000000% 0.000000% 0.000000% 1.962041%
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 2.380952% 0.000000% 0.000000% 0.000000% 2.380952%
1.962041% 0.000000% 0.000000% 0.000000% 1.962041%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 21,618.06
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 4.979474%
Weighted Average Pass-Through Rate 4.708303%
Weighted Average Maturity(Stepdown Calculation ) 352
Beginning Scheduled Collateral Loan Count 1,295
Number Of Loans Paid In Full 75
Ending Scheduled Collateral Loan Count 1,220
Beginning Scheduled Collateral Balance 653,581,450.13
Ending Scheduled Collateral Balance 615,455,446.53
Ending Actual Collateral Balance at 30-Sep-2003 615,989,889.13
Monthly P &I Constant 3,346,820.75
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 40,586,542.49
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 615,455,446.53
Scheduled Principal 634,744.37
Unscheduled Principal 37,491,259.23
Miscellaneous Reporting
Total Senior Percentage 96.501575%
Aggregate Subordinate Percentage 3.498428%
Group Level Collateral Statement
Group 1 2 3
Collateral Description Mixed ARM Mixed ARM Mixed ARM
Weighted Average Coupon Rate 4.538805 5.016989 5.477682
Weighted Average Net Rate 4.288805 4.766989 5.227682
Weighted Average Maturity 351 352 352
Beginning Loan Count 194 1,013 88
Loans Paid In Full 19 52 4
Ending Loan Count 175 961 84
Beginning Scheduled Balance 95,008,288.52 513,180,030.63 45,393,130.98
Ending scheduled Balance 85,522,881.40 486,425,953.88 43,506,611.25
Record Date 09/30/2003 09/30/2003 09/30/2003
Principal And Interest Constant 477,278.61 2,611,398.89 258,143.25
Scheduled Principal 117,925.22 465,883.53 50,935.62
Unscheduled Principal 9,367,481.90 26,288,193.22 1,835,584.11
Scheduled Interest 359,353.39 2,145,515.36 207,207.63
Servicing Fees 19,793.37 106,912.53 9,456.91
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 237.54 1,282.94 113.48
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 9,896.70 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 329,425.78 2,037,319.89 197,637.24
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 4.160805 4.763989 5.224682
Group Level Collateral Statement
Group Total
Collateral Description Mixed ARM
Weighted Average Coupon Rate 4.979474
Weighted Average Net Rate 4.729474
Weighted Average Maturity 352
Beginning Loan Count 1,295
Loans Paid In Full 75
Ending Loan Count 1,220
Beginning Scheduled Balance 653,581,450.13
Ending scheduled Balance 615,455,446.53
Record Date 09/30/2003
Principal And Interest Constant 3,346,820.75
Scheduled Principal 634,744.37
Unscheduled Principal 37,491,259.23
Scheduled Interest 2,712,076.38
Servicing Fees 136,162.81
Master Servicing Fees 0.00
Trustee Fee 1,633.96
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 9,896.70
Pool Insurance Fee 0.00
Spread Fee 1 0.00
Spread Fee 2 0.00
Spread Fee 3 0.00
Net Interest 2,564,382.91
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 4.708303
<CAPTION
Miscellaneous Reporting
Group 1
CPR 71.270863%
Group 1 Subordinate Percentage 4.011969%
Group 1 Subordinate Prepayment % 0.000000%
Group 1 Senior Prepayment Percentage 100.000000%
Group 1 Senior Percentage 95.988031%
Group 2
CPR 46.826254%
Group 2 Subordinate Percentage 3.441383%
Group 2 Subordinate Prepayment % 0.000000%
Group 2 Senior Prepayment Percentage 100.000000%
Group 2 Senior Percentage 96.558617%
Group 3
CPR 39.097859%
Group 3 Subordinate Percentage 3.066680%
Group 3 Subordinate Prepayment % 0.000000%
Group 3 Senior Prepayment Percentage 100.000000%
Group 3 Senior Percentage 96.933320%