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): December 26, 2003
ACE SECURITIES CORP. HOME EQUITY LOAN TRUST
Asset-Backed Pass-Through Certificates, Series 2003-HE1 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-45458-12 54-2132813
Pooling and Servicing Agreement) (Commission 54-2132814
(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 December 26, 2003 a distribution was made to holders of ACE SECURITIES
CORP. HOME EQUITY LOAN, Asset-Backed Pass-Through Certificates, Series
2003-HE1 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 Home Equity Loan Asset-Backed
Pass-Through Certificates, Series
2003-HE1 Trust, relating to the
December 26, 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.
ACE SECURITIES CORP. HOME EQUITY LOAN TRUST
Asset-Backed Pass-Through Certificates, Series 2003-HE1 Trust
By: Wells Fargo Bank Minnesota, N.A. as Securities
Administrator
By: /s/ Beth Belfield as Assistant Vice President
By: Beth Belfield as Assistant Vice President
Date: 1/7/04
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Home Equity
Loan Trust Asset-Backed Pass-Through Certificates,
Series 2003-HE1 Trust, relating to the December 26,
2003 distribution.
EX-99.1
ACE Securities Corporation Home Equity Loan Trust
Asset-Backed Pass-Through Certificates
Record Date: 11/30/03
Distribution Date: 12/26/03
ACE Series: 2003-HE1
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>
A-1 004421CY7 SEN 1.49875% 344,939,729.20 445,175.86 12,913,164.21
A-2 004421CZ4 SEN 1.52875% 104,684,715.99 137,809.43 3,183,108.26
M-1 004421DA8 MEZ 1.76875% 34,418,000.00 52,421.72 0.00
M-2 004421DB6 MEZ 2.81875% 30,116,000.00 73,099.27 0.00
M-3 004421DC4 MEZ 3.01875% 10,039,000.00 26,096.17 0.00
M-4 004421DD2 MEZ 4.06875% 7,170,000.00 25,121.14 0.00
M-5 004421DE0 MEZ 4.61875% 6,023,000.00 23,955.02 0.00
M-6 004421DF7 MEZ 4.61875% 8,318,000.00 33,082.82 0.00
P 111274767 SEN 0.00000% 100.00 315,319.76 0.00
CE 111274759 JUN 0.00000% 12,906,137.00 2,552,818.35 0.00
R ACE3HE1RI SEN 0.00000% 0.00 0.00 0.00
Totals 558,614,682.19 3,684,899.54 16,096,272.47
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
A-1 0.00 332,026,564.99 13,358,340.07 0.00
A-2 0.00 101,501,607.73 3,320,917.69 0.00
M-1 0.00 34,418,000.00 52,421.72 0.00
M-2 0.00 30,116,000.00 73,099.27 0.00
M-3 0.00 10,039,000.00 26,096.17 0.00
M-4 0.00 7,170,000.00 25,121.14 0.00
M-5 0.00 6,023,000.00 23,955.02 0.00
M-6 0.00 8,318,000.00 33,082.82 0.00
P 0.00 100.00 315,319.76 0.00
CE 0.00 12,906,137.00 2,552,818.35 0.00
R 0.00 0.00 0.00 0.00
Totals 0.00 542,518,409.72 19,781,172.01 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>
A-1 357,336,000.00 344,939,729.20 0.00 12,913,164.21 0.00 0.00
A-2 107,303,000.00 104,684,715.99 0.00 3,183,108.26 0.00 0.00
M-1 34,418,000.00 34,418,000.00 0.00 0.00 0.00 0.00
M-2 30,116,000.00 30,116,000.00 0.00 0.00 0.00 0.00
M-3 10,039,000.00 10,039,000.00 0.00 0.00 0.00 0.00
M-4 7,170,000.00 7,170,000.00 0.00 0.00 0.00 0.00
M-5 6,023,000.00 6,023,000.00 0.00 0.00 0.00 0.00
M-6 8,318,000.00 8,318,000.00 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
CE 12,906,036.53 12,906,137.00 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
Totals 573,629,136.53 558,614,682.19 0.00 16,096,272.47 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>
A-1 12,913,164.21 332,026,564.99 0.92917189 12,913,164.21
A-2 3,183,108.26 101,501,607.73 0.94593448 3,183,108.26
M-1 0.00 34,418,000.00 1.00000000 0.00
M-2 0.00 30,116,000.00 1.00000000 0.00
M-3 0.00 10,039,000.00 1.00000000 0.00
M-4 0.00 7,170,000.00 1.00000000 0.00
M-5 0.00 6,023,000.00 1.00000000 0.00
M-6 0.00 8,318,000.00 1.00000000 0.00
P 0.00 100.00 1.00000000 0.00
CE 0.00 12,906,137.00 1.00000778 0.00
R 0.00 0.00 0.00000000 0.00
Totals 16,096,272.47 542,518,409.72 0.94576509 16,096,272.47
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>
A-1 357,336,000.00 965.30920254 0.00000000 36.13731673 0.00000000
A-2 107,303,000.00 975.59915370 0.00000000 29.66467163 0.00000000
M-1 34,418,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 30,116,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 10,039,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 7,170,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5 6,023,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-6 8,318,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
CE 12,906,036.53 1000.00778473 0.00000000 0.00000000 0.00000000
R 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>
A-1 0.00000000 36.13731673 929.17188582 0.92917189 36.13731673
A-2 0.00000000 29.66467163 945.93448207 0.94593448 29.66467163
M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
CE 0.00000000 0.00000000 1,000.00778473 1.00000778 0.00000000
R 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>
A-1 357,336,000.00 1.49875% 344,939,729.20 445,175.86 0.00 0.00
A-2 107,303,000.00 1.52875% 104,684,715.99 137,809.43 0.00 0.00
M-1 34,418,000.00 1.76875% 34,418,000.00 52,421.72 0.00 0.00
M-2 30,116,000.00 2.81875% 30,116,000.00 73,099.27 0.00 0.00
M-3 10,039,000.00 3.01875% 10,039,000.00 26,096.17 0.00 0.00
M-4 7,170,000.00 4.06875% 7,170,000.00 25,121.14 0.00 0.00
M-5 6,023,000.00 4.61875% 6,023,000.00 23,955.02 0.00 0.00
M-6 8,318,000.00 4.61875% 8,318,000.00 33,082.82 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
CE 12,906,036.53 0.00000% 12,906,137.00 0.00 0.00 0.00
R 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 573,629,136.53 816,761.43 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>
A-1 0.00 0.00 445,175.86 0.00 332,026,564.99
A-2 0.00 0.00 137,809.43 0.00 101,501,607.73
M-1 0.00 0.00 52,421.72 0.00 34,418,000.00
M-2 0.00 0.00 73,099.27 0.00 30,116,000.00
M-3 0.00 0.00 26,096.17 0.00 10,039,000.00
M-4 0.00 0.00 25,121.14 0.00 7,170,000.00
M-5 0.00 0.00 23,955.02 0.00 6,023,000.00
M-6 0.00 0.00 33,082.82 0.00 8,318,000.00
P 0.00 0.00 315,319.76 0.00 100.00
CE 0.00 0.00 2,552,818.35 0.00 12,906,137.00
R 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 3,684,899.54 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>
A-1 357,336,000.00 1.49875% 965.30920254 1.24581867 0.00000000 0.00000000
A-2 107,303,000.00 1.52875% 975.59915370 1.28430174 0.00000000 0.00000000
M-1 34,418,000.00 1.76875% 1000.00000000 1.52309024 0.00000000 0.00000000
M-2 30,116,000.00 2.81875% 1000.00000000 2.42725694 0.00000000 0.00000000
M-3 10,039,000.00 3.01875% 1000.00000000 2.59947903 0.00000000 0.00000000
M-4 7,170,000.00 4.06875% 1000.00000000 3.50364575 0.00000000 0.00000000
M-5 6,023,000.00 4.61875% 1000.00000000 3.97725718 0.00000000 0.00000000
M-6 8,318,000.00 4.61875% 1000.00000000 3.97725655 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
CE 12,906,036.53 0.00000% 1000.00778473 0.00000000 0.00000000 0.00000000
R 0.00 0.00000% 0.00000000 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>
A-1 0.00000000 0.00000000 1.24581867 0.00000000 929.17188582
A-2 0.00000000 0.00000000 1.28430174 0.00000000 945.93448207
M-1 0.00000000 0.00000000 1.52309024 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 2.42725694 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 2.59947903 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 3.50364575 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 3.97725718 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 3.97725655 0.00000000 1000.00000000
P 0.00000000 0.00000000 3153197.60000000 0.00000000 1000.00000000
CE 0.00000000 0.00000000 197.80033507 0.00000000 1000.00778473
R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<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 ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 19,690,414.15
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 120,697.92
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 315,319.76
Total Deposits 20,126,431.83
Withdrawals
Reimbursement for Servicer Advances 97,374.57
Payment of Service Fee 247,885.25
Payment of Interest and Principal 19,781,172.01
Total Withdrawals (Pool Distribution Amount) 20,126,431.83
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 232,756.13
Loss Mitigation Advisor Fee - Murrayhill 6,982.69
Master Servicing Fee - Wells Fargo 8,146.43
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 247,885.25
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 1,000.00 0.00 0.00 1,000.00
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 58 0 0 0 58
8,870,840.40 0.00 0.00 0.00 8,870,840.40
60 Days 26 0 0 0 26
3,402,870.38 0.00 0.00 0.00 3,402,870.38
90 Days 24 0 0 0 24
3,198,486.50 0.00 0.00 0.00 3,198,486.50
120 Days 4 0 1 0 5
389,402.42 0.00 47,242.69 0.00 436,645.11
150 Days 1 0 0 0 1
73,546.73 0.00 0.00 0.00 73,546.73
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 113 0 1 0 114
15,935,146.43 0.00 47,242.69 0.00 15,982,389.12
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 1.626016% 0.000000% 0.000000% 0.000000% 1.626016%
1.634561% 0.000000% 0.000000% 0.000000% 1.634561%
60 Days 0.728904% 0.000000% 0.000000% 0.000000% 0.728904%
0.627021% 0.000000% 0.000000% 0.000000% 0.627021%
90 Days 0.672834% 0.000000% 0.000000% 0.000000% 0.672834%
0.589360% 0.000000% 0.000000% 0.000000% 0.589360%
120 Days 0.112139% 0.000000% 0.028035% 0.000000% 0.140174%
0.071752% 0.000000% 0.008705% 0.000000% 0.080457%
150 Days 0.028035% 0.000000% 0.000000% 0.000000% 0.028035%
0.013552% 0.000000% 0.000000% 0.000000% 0.013552%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 3.167928% 0.000000% 0.028035% 0.000000% 3.195963%
2.936246% 0.000000% 0.008705% 0.000000% 2.944951%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 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 49 0 0 0 49
6,954,536.52 0.00 0.00 0.00 6,954,536.52
60 Days 22 0 0 0 22
2,853,329.81 0.00 0.00 0.00 2,853,329.81
90 Days 20 0 0 0 20
2,229,300.40 0.00 0.00 0.00 2,229,300.40
120 Days 3 0 0 0 3
296,940.67 0.00 0.00 0.00 296,940.67
150 Days 1 0 0 0 1
73,546.73 0.00 0.00 0.00 73,546.73
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 95 0 0 0 95
12,407,654.13 0.00 0.00 0.00 12,407,654.13
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.631702% 0.000000% 0.000000% 0.000000% 1.631702%
1.671842% 0.000000% 0.000000% 0.000000% 1.671842%
60 Days 0.732601% 0.000000% 0.000000% 0.000000% 0.732601%
0.685929% 0.000000% 0.000000% 0.000000% 0.685929%
90 Days 0.666001% 0.000000% 0.000000% 0.000000% 0.666001%
0.535915% 0.000000% 0.000000% 0.000000% 0.535915%
120 Days 0.099900% 0.000000% 0.000000% 0.000000% 0.099900%
0.071383% 0.000000% 0.000000% 0.000000% 0.071383%
150 Days 0.033300% 0.000000% 0.000000% 0.000000% 0.033300%
0.017680% 0.000000% 0.000000% 0.000000% 0.017680%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 3.163503% 0.000000% 0.000000% 0.000000% 3.163503%
2.982749% 0.000000% 0.000000% 0.000000% 2.982749%
<caption>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 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 9 0 0 0 9
1,916,303.88 0.00 0.00 0.00 1,916,303.88
60 Days 4 0 0 0 4
549,540.57 0.00 0.00 0.00 549,540.57
90 Days 4 0 0 0 4
969,186.10 0.00 0.00 0.00 969,186.10
120 Days 1 0 1 0 2
92,461.75 0.00 47,242.69 0.00 139,704.44
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 18 0 1 0 19
3,527,492.30 0.00 47,242.69 0.00 3,574,734.99
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.595745% 0.000000% 0.000000% 0.000000% 1.595745%
1.512183% 0.000000% 0.000000% 0.000000% 1.512183%
60 Days 0.709220% 0.000000% 0.000000% 0.000000% 0.709220%
0.433650% 0.000000% 0.000000% 0.000000% 0.433650%
90 Days 0.709220% 0.000000% 0.000000% 0.000000% 0.709220%
0.764799% 0.000000% 0.000000% 0.000000% 0.764799%
120 Days 0.177305% 0.000000% 0.177305% 0.000000% 0.354610%
0.072963% 0.000000% 0.037280% 0.000000% 0.110243%
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 3.191489% 0.000000% 0.177305% 0.000000% 3.368794%
2.783596% 0.000000% 0.037280% 0.000000% 2.820876%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 120,697.92
Miscellaneous Reporting
Required Overcollateralization Amount: 12,906,137.00
Overcollateralization Increase Amount: 0.00
Overcollateralization Reduction Amount: 0.00
Credit Enhancement Percentage: 20.089666%
Group Level Collateral Statement
Group Group 1 Group 2 Total
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 7.792451 7.699890 7.770934
Weighted Average Net Rate 7.292451 7.199890 7.270934
Weighted Average Maturity 347 334 344
Beginning Loan Count 3,088 583 3,671
Loans Paid In Full 85 19 104
Ending Loan Count 3,003 564 3,567
Beginning Scheduled Balance 428,759,510.71 129,855,171.48 558,614,682.19
Ending scheduled Balance 415,846,346.50 126,672,063.22 542,518,409.72
Record Date 11/30/2003 11/30/2003 11/30/2003
Principal And Interest Constant 3,134,697.86 949,835.10 4,084,532.96
Scheduled Principal 350,458.21 116,609.70 467,067.91
Unscheduled Principal 12,562,706.00 3,066,498.56 15,629,204.56
Scheduled Interest 2,784,239.65 833,225.40 3,617,465.05
Servicing Fees 178,649.81 54,106.32 232,756.13
Master Servicing Fees 6,252.72 1,893.71 8,146.43
Trustee Fee 0.00 0.00 0.00
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 5,359.51 1,623.18 6,982.69
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 2,593,977.61 775,602.19 3,369,579.80
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 7.259951 7.167390 7.238434