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): January 26, 2004
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 January 26, 2004 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
January 26, 2004 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: 2/4/04
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 January 26, 2004 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 12/31/03
Distribution Date: 1/26/04
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% 73,835,672.39 210,923.90 1,732,747.86
1-A2 05948XBP5 SEN 3.42800% 2,010,206.70 5,742.49 47,174.78
1-AR 05948XBQ3 SEN 3.42800% 0.00 0.00 0.00
1-ALR 05948XBR1 SEN 3.42800% 0.00 0.12 0.00
2-A1 05948XBS9 SEN 4.18300% 114,291,822.09 398,402.24 4,224,255.99
2-A2 05948XBT7 SEN 3.60100% 26,852,704.16 80,580.49 992,483.05
2-A3 05948XBU4 SEN 3.87600% 50,348,820.30 162,626.69 1,860,905.72
2-A4 05948XBV2 SEN 4.34100% 223,764,926.41 809,469.61 8,270,410.89
2-A5 05948XBW0 SEN 4.18300% 20,139,528.12 70,203.04 744,362.29
2-A6 05948XBX8 SEN 4.18300% 549,137.80 1,914.20 20,296.28
3-A1 05948XBY6 SEN 4.56900% 40,619,231.07 154,657.72 1,534,491.42
AP 05948XBZ3 PO 0.00000% 1,059,645.46 0.00 1,833.42
B-1 05948XCA7 SUB 4.09208% 11,164,641.08 38,072.16 11,791.88
B-2 05948XCB5 SUB 4.09208% 4,293,634.85 14,641.58 4,534.86
B-3 05948XCC3 SUB 4.09208% 3,004,949.16 10,247.08 3,173.77
B-4 05948XCD1 SUB 4.09208% 1,718,247.59 5,859.34 1,814.78
B-5 05948XCE9 SUB 4.09208% 1,287,693.63 4,391.12 1,360.04
B-6 05948XCF6 SUB 4.09208% 1,288,668.83 4,394.44 1,361.07
W-IO 05948XCH2 SEN 0.62408% 0.00 290,844.55 0.00
SES 05948XCG4 SEN 0.00000% 0.00 107,959.25 0.00
Totals 576,229,529.64 2,370,930.02 19,452,998.10
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 72,102,924.53 1,943,671.76 0.00
1-A2 0.00 1,963,031.92 52,917.27 0.00
1-AR 0.00 0.00 0.00 0.00
1-ALR 0.00 0.00 0.12 0.00
2-A1 0.00 110,067,566.10 4,622,658.23 0.00
2-A2 0.00 25,860,221.11 1,073,063.54 0.00
2-A3 0.00 48,487,914.58 2,023,532.41 0.00
2-A4 0.00 215,494,515.52 9,079,880.50 0.00
2-A5 0.00 19,395,165.83 814,565.33 0.00
2-A6 0.00 528,841.52 22,210.48 0.00
3-A1 0.00 39,084,739.66 1,689,149.14 0.00
AP 0.00 1,057,812.04 1,833.42 0.00
B-1 0.00 11,152,849.19 49,864.04 0.00
B-2 0.00 4,289,099.99 19,176.44 0.00
B-3 0.00 3,001,775.39 13,420.85 0.00
B-4 0.00 1,716,432.81 7,674.12 0.00
B-5 0.00 1,286,333.59 5,751.16 0.00
B-6 0.00 1,287,307.76 5,755.51 0.00
W-IO 0.00 0.00 290,844.55 0.00
SES 0.00 0.00 107,959.25 0.00
Totals 0.00 556,776,531.54 21,823,928.12 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 73,835,672.39 103,579.30 1,629,168.56 0.00 0.00
1-A2 3,735,000.00 2,010,206.70 2,819.99 44,354.79 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 170,250,000.00 114,291,822.09 110,901.36 4,113,354.63 0.00 0.00
2-A2 40,000,000.00 26,852,704.16 26,056.12 966,426.93 0.00 0.00
2-A3 75,000,000.00 50,348,820.30 48,855.22 1,812,050.50 0.00 0.00
2-A4 333,322,000.00 223,764,926.41 217,126.94 8,053,283.95 0.00 0.00
2-A5 30,000,000.00 20,139,528.12 19,542.09 724,820.20 0.00 0.00
2-A6 818,000.00 549,137.80 532.85 19,763.43 0.00 0.00
3-A1 51,285,000.00 40,619,231.07 48,552.71 1,485,938.71 0.00 0.00
AP 1,079,908.00 1,059,645.46 1,544.44 288.98 0.00 0.00
B-1 11,254,000.00 11,164,641.08 11,791.88 0.00 0.00 0.00
B-2 4,328,000.00 4,293,634.85 4,534.86 0.00 0.00 0.00
B-3 3,029,000.00 3,004,949.16 3,173.77 0.00 0.00 0.00
B-4 1,732,000.00 1,718,247.59 1,814.78 0.00 0.00 0.00
B-5 1,298,000.00 1,287,693.63 1,360.04 0.00 0.00 0.00
B-6 1,298,983.00 1,288,668.83 1,361.07 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 865,617,991.00 576,229,529.64 603,547.42 18,849,450.68 0.00 0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c>
1-A1 1,732,747.86 72,102,924.53 0.52557749 1,732,747.86
1-A2 47,174.78 1,963,031.92 0.52557749 47,174.78
1-AR 0.00 0.00 0.00000000 0.00
1-ALR 0.00 0.00 0.00000000 0.00
2-A1 4,224,255.99 110,067,566.10 0.64650553 4,224,255.99
2-A2 992,483.05 25,860,221.11 0.64650553 992,483.05
2-A3 1,860,905.72 48,487,914.58 0.64650553 1,860,905.72
2-A4 8,270,410.89 215,494,515.52 0.64650553 8,270,410.89
2-A5 744,362.29 19,395,165.83 0.64650553 744,362.29
2-A6 20,296.28 528,841.52 0.64650553 20,296.28
3-A1 1,534,491.42 39,084,739.66 0.76210860 1,534,491.42
AP 1,833.42 1,057,812.04 0.97953903 1,833.42
B-1 11,791.88 11,152,849.19 0.99101201 11,791.88
B-2 4,534.86 4,289,099.99 0.99101201 4,534.86
B-3 3,173.77 3,001,775.39 0.99101201 3,173.77
B-4 1,814.78 1,716,432.81 0.99101202 1,814.78
B-5 1,360.04 1,286,333.59 0.99101201 1,360.04
B-6 1,361.07 1,287,307.76 0.99101201 1,361.07
W-IO 0.00 0.00 0.00000000 0.00
SES 0.00 0.00 0.00000000 0.00
Totals 19,452,998.10 556,776,531.54 0.64321275 19,452,998.10
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 137,188,000.00 538.20795106 0.75501720 11.87544508 0.00000000
1-A2 3,735,000.00 538.20795181 0.75501740 11.87544578 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 170,250,000.00 671.31760405 0.65140300 24.16067330 0.00000000
2-A2 40,000,000.00 671.31760400 0.65140300 24.16067325 0.00000000
2-A3 75,000,000.00 671.31760400 0.65140293 24.16067333 0.00000000
2-A4 333,322,000.00 671.31760403 0.65140297 24.16067331 0.00000000
2-A5 30,000,000.00 671.31760400 0.65140300 24.16067333 0.00000000
2-A6 818,000.00 671.31760391 0.65140587 24.16067237 0.00000000
3-A1 51,285,000.00 792.02946417 0.94672341 28.97413883 0.00000000
AP 1,079,908.00 981.23679054 1.43015887 0.26759687 0.00000000
B-1 11,254,000.00 992.05980807 1.04779456 0.00000000 0.00000000
B-2 4,328,000.00 992.05980823 1.04779575 0.00000000 0.00000000
B-3 3,029,000.00 992.05980852 1.04779465 0.00000000 0.00000000
B-4 1,732,000.00 992.05980947 1.04779446 0.00000000 0.00000000
B-5 1,298,000.00 992.05980740 1.04779661 0.00000000 0.00000000
B-6 1,298,983.00 992.05981141 1.04779662 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 12.63046229 525.57748877 0.52557749 12.63046229
1-A2 0.00000000 12.63046319 525.57748862 0.52557749 12.63046319
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 24.81207630 646.50552775 0.64650553 24.81207630
2-A2 0.00000000 24.81207625 646.50552775 0.64650553 24.81207625
2-A3 0.00000000 24.81207627 646.50552773 0.64650553 24.81207627
2-A4 0.00000000 24.81207628 646.50552775 0.64650553 24.81207628
2-A5 0.00000000 24.81207633 646.50552767 0.64650553 24.81207633
2-A6 0.00000000 24.81207824 646.50552567 0.64650553 24.81207824
3-A1 0.00000000 29.92086224 762.10860213 0.76210860 29.92086224
AP 0.00000000 1.69775573 979.53903481 0.97953903 1.69775573
B-1 0.00000000 1.04779456 991.01201262 0.99101201 1.04779456
B-2 0.00000000 1.04779575 991.01201248 0.99101201 1.04779575
B-3 0.00000000 1.04779465 991.01201387 0.99101201 1.04779465
B-4 0.00000000 1.04779446 991.01201501 0.99101202 1.04779446
B-5 0.00000000 1.04779661 991.01201079 0.99101201 1.04779661
B-6 0.00000000 1.04779662 991.01201478 0.99101201 1.04779662
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% 73,835,672.39 210,923.90 0.00 0.00
1-A2 3,735,000.00 3.42800% 2,010,206.70 5,742.49 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% 114,291,822.09 398,402.24 0.00 0.00
2-A2 40,000,000.00 3.60100% 26,852,704.16 80,580.49 0.00 0.00
2-A3 75,000,000.00 3.87600% 50,348,820.30 162,626.69 0.00 0.00
2-A4 333,322,000.00 4.34100% 223,764,926.41 809,469.62 0.00 0.00
2-A5 30,000,000.00 4.18300% 20,139,528.12 70,203.04 0.00 0.00
2-A6 818,000.00 4.18300% 549,137.80 1,914.20 0.00 0.00
3-A1 51,285,000.00 4.56900% 40,619,231.07 154,657.72 0.00 0.00
AP 1,079,908.00 0.00000% 1,059,645.46 0.00 0.00 0.00
B-1 11,254,000.00 4.09208% 11,164,641.08 38,072.16 0.00 0.00
B-2 4,328,000.00 4.09208% 4,293,634.85 14,641.58 0.00 0.00
B-3 3,029,000.00 4.09208% 3,004,949.16 10,247.08 0.00 0.00
B-4 1,732,000.00 4.09208% 1,718,247.59 5,859.34 0.00 0.00
B-5 1,298,000.00 4.09208% 1,287,693.63 4,391.12 0.00 0.00
B-6 1,298,983.00 4.09208% 1,288,668.83 4,394.44 0.00 0.00
W-IO 0.00 0.62408% 559,248,836.59 290,844.55 0.00 0.00
SES 0.00 0.00000% 576,229,531.23 0.00 0.00 0.00
Totals 865,617,991.00 2,262,970.66 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 0.00 210,923.90 0.00 72,102,924.53
1-A2 0.00 0.00 5,742.49 0.00 1,963,031.92
1-AR 0.00 0.00 0.00 0.00 0.00
1-ALR 0.00 0.00 0.12 0.00 0.00
2-A1 0.01 0.00 398,402.24 0.00 110,067,566.10
2-A2 0.00 0.00 80,580.49 0.00 25,860,221.11
2-A3 0.00 0.00 162,626.69 0.00 48,487,914.58
2-A4 0.01 0.00 809,469.61 0.00 215,494,515.52
2-A5 0.00 0.00 70,203.04 0.00 19,395,165.83
2-A6 0.00 0.00 1,914.20 0.00 528,841.52
3-A1 0.00 0.00 154,657.72 0.00 39,084,739.66
AP 0.00 0.00 0.00 0.00 1,057,812.04
B-1 0.00 0.00 38,072.16 0.00 11,152,849.19
B-2 0.00 0.00 14,641.58 0.00 4,289,099.99
B-3 0.00 0.00 10,247.08 0.00 3,001,775.39
B-4 0.00 0.00 5,859.34 0.00 1,716,432.81
B-5 0.00 0.00 4,391.12 0.00 1,286,333.59
B-6 0.00 0.00 4,394.44 0.00 1,287,307.76
W-IO 0.00 0.00 290,844.55 0.00 539,825,648.18
SES 0.00 0.00 107,959.25 0.00 556,776,533.15
Totals 0.02 0.00 2,370,930.02 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% 538.20795106 1.53748068 0.00000000 0.00000000
1-A2 3,735,000.00 3.42800% 538.20795181 1.53748059 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% 671.31760405 2.34010126 0.00000000 0.00000000
2-A2 40,000,000.00 3.60100% 671.31760400 2.01451225 0.00000000 0.00000000
2-A3 75,000,000.00 3.87600% 671.31760400 2.16835587 0.00000000 0.00000000
2-A4 333,322,000.00 4.34100% 671.31760403 2.42849143 0.00000000 0.00000000
2-A5 30,000,000.00 4.18300% 671.31760400 2.34010133 0.00000000 0.00000000
2-A6 818,000.00 4.18300% 671.31760391 2.34009780 0.00000000 0.00000000
3-A1 51,285,000.00 4.56900% 792.02946417 3.01565214 0.00000000 0.00000000
AP 1,079,908.00 0.00000% 981.23679054 0.00000000 0.00000000 0.00000000
B-1 11,254,000.00 4.09208% 992.05980807 3.38298916 0.00000000 0.00000000
B-2 4,328,000.00 4.09208% 992.05980823 3.38298983 0.00000000 0.00000000
B-3 3,029,000.00 4.09208% 992.05980852 3.38299109 0.00000000 0.00000000
B-4 1,732,000.00 4.09208% 992.05980947 3.38299076 0.00000000 0.00000000
B-5 1,298,000.00 4.09208% 992.05980740 3.38298921 0.00000000 0.00000000
B-6 1,298,983.00 4.09208% 992.05981141 3.38298500 0.00000000 0.00000000
W-IO 0.00 0.62408% 659.46528907 0.34296340 0.00000000 0.00000000
SES 0.00 0.00000% 665.68571374 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 1.53748068 0.00000000 525.57748877
1-A2 0.00000000 0.00000000 1.53748059 0.00000000 525.57748862
1-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-ALR 0.00000000 0.00000000 2.40000000 0.00000000 0.00000000
2-A1 0.00000006 0.00000000 2.34010126 0.00000000 646.50552775
2-A2 0.00000000 0.00000000 2.01451225 0.00000000 646.50552775
2-A3 0.00000000 0.00000000 2.16835587 0.00000000 646.50552773
2-A4 0.00000003 0.00000000 2.42849140 0.00000000 646.50552775
2-A5 0.00000000 0.00000000 2.34010133 0.00000000 646.50552767
2-A6 0.00000000 0.00000000 2.34009780 0.00000000 646.50552567
3-A1 0.00000000 0.00000000 3.01565214 0.00000000 762.10860213
AP 0.00000000 0.00000000 0.00000000 0.00000000 979.53903481
B-1 0.00000000 0.00000000 3.38298916 0.00000000 991.01201262
B-2 0.00000000 0.00000000 3.38298983 0.00000000 991.01201248
B-3 0.00000000 0.00000000 3.38299109 0.00000000 991.01201387
B-4 0.00000000 0.00000000 3.38299076 0.00000000 991.01201501
B-5 0.00000000 0.00000000 3.38298921 0.00000000 991.01201079
B-6 0.00000000 0.00000000 3.38298500 0.00000000 991.01201478
W-IO 0.00000000 0.00000000 0.34296340 0.00000000 636.56149791
SES 0.00000000 0.00000000 0.12471928 0.00000000 643.21275425
<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 1,007,193.13 1,005,430.63 97.90949345%
AP (3) 0.00000% 0.00 0.00 52,452.33 52,381.42 98.81422373%
W-IO (1) 0.74691% 79,642,283.27 77,857,034.90 0.00 0.00 53.78372921%
W-IO (2) 0.59712% 439,442,551.06 423,338,307.93 0.00 0.00 64.88428483%
W-IO (3) 0.67543% 40,164,002.26 38,630,305.35 0.00 0.00 76.00935384%
SES (1) 0.00000% 79,642,283.27 77,857,034.90 0.00 0.00 53.78372894%
SES (2) 0.00000% 454,529,955.15 438,398,424.01 0.00 0.00 65.61649071%
SES (3) 0.00000% 42,057,292.81 40,521,074.24 0.00 0.00 76.83729251%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 21,849,378.37
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 0.00
Total Deposits 21,849,378.37
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 25,450.25
Payment of Interest and Principal 21,823,928.12
Total Withdrawals (Pool Distribution Amount) 21,849,378.37
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 24,009.68
Trustee Fee - Wells Fargo Bank Minnesota, N.A. 1,440.57
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 25,450.25
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 5 0 0 0 5
2,566,169.09 0.00 0.00 0.00 2,566,169.09
60 Days 1 0 0 0 1
525,673.10 0.00 0.00 0.00 525,673.10
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
3,091,842.19 0.00 0.00 0.00 3,091,842.19
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 0.447628% 0.000000% 0.000000% 0.000000% 0.447628%
0.460513% 0.000000% 0.000000% 0.000000% 0.460513%
60 Days 0.089526% 0.000000% 0.000000% 0.000000% 0.089526%
0.094335% 0.000000% 0.000000% 0.000000% 0.094335%
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 0.537153% 0.000000% 0.000000% 0.000000% 0.537153%
0.554848% 0.000000% 0.000000% 0.000000% 0.554848%
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
408,026.74 0.00 0.00 0.00 408,026.74
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
408,026.74 0.00 0.00 0.00 408,026.74
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.617284% 0.000000% 0.000000% 0.000000% 0.617284%
0.523432% 0.000000% 0.000000% 0.000000% 0.523432%
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 0.617284% 0.000000% 0.000000% 0.000000% 0.617284%
0.523432% 0.000000% 0.000000% 0.000000% 0.523432%
<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 2 0 0 0 2
1,431,334.57 0.00 0.00 0.00 1,431,334.57
60 Days 1 0 0 0 1
525,673.10 0.00 0.00 0.00 525,673.10
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 3 0 0 0 3
1,957,007.67 0.00 0.00 0.00 1,957,007.67
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.228311% 0.000000% 0.000000% 0.000000% 0.228311%
0.326246% 0.000000% 0.000000% 0.000000% 0.326246%
60 Days 0.114155% 0.000000% 0.000000% 0.000000% 0.114155%
0.119817% 0.000000% 0.000000% 0.000000% 0.119817%
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 0.342466% 0.000000% 0.000000% 0.000000% 0.342466%
0.446063% 0.000000% 0.000000% 0.000000% 0.446063%
<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
726,807.78 0.00 0.00 0.00 726,807.78
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
726,807.78 0.00 0.00 0.00 726,807.78
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 2.531646% 0.000000% 0.000000% 0.000000% 2.531646%
1.791946% 0.000000% 0.000000% 0.000000% 1.791946%
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 2.531646% 0.000000% 0.000000% 0.000000% 2.531646%
1.791946% 0.000000% 0.000000% 0.000000% 1.791946%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 15,496.99
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 4.982765%
Weighted Average Pass-Through Rate 4.712487%
Weighted Average Maturity(Stepdown Calculation ) 349
Beginning Scheduled Collateral Loan Count 1,150
Number Of Loans Paid In Full 33
Ending Scheduled Collateral Loan Count 1,117
Beginning Scheduled Collateral Balance 576,229,531.23
Ending Scheduled Collateral Balance 556,776,533.15
Ending Actual Collateral Balance at 31-Dec-2003 557,240,986.27
Monthly P &I Constant 2,996,227.55
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 21,610,659.80
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 556,776,533.15
Scheduled Principal 603,547.41
Unscheduled Principal 18,849,450.67
Miscellaneous Reporting
Total Senior Percentage 96.043286%
Aggregate Subordinate Percentage 3.956715%
Group Level Collateral Statement
Group 1 2 3
Collateral Description Mixed ARM Mixed ARM Mixed ARM
Weighted Average Coupon Rate 4.552908 5.013803 5.461330
Weighted Average Net Rate 4.302908 4.763803 5.211329
Weighted Average Maturity 348 349 349
Beginning Loan Count 165 903 82
Loans Paid In Full 3 27 3
Ending Loan Count 162 876 79
Beginning Scheduled Balance 79,642,283.27 454,529,955.15 42,057,292.81
Ending scheduled Balance 77,857,034.90 438,398,424.01 40,521,074.24
Record Date 12/31/2003 12/31/2003 12/31/2003
Principal And Interest Constant 413,895.02 2,340,645.39 241,687.14
Scheduled Principal 111,725.02 441,542.53 50,279.86
Unscheduled Principal 1,673,523.35 15,689,988.61 1,485,938.71
Scheduled Interest 302,170.00 1,899,102.86 191,407.28
Servicing Fees 16,592.14 94,693.74 8,761.95
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 199.11 1,136.33 105.13
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 8,296.08 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 277,082.67 1,803,272.79 182,540.20
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 4.174908 4.760803 5.208330
Group Level Collateral Statement
Group Total
Collateral Description Mixed ARM
Weighted Average Coupon Rate 4.982765
Weighted Average Net Rate 4.715488
Weighted Average Maturity 349
Beginning Loan Count 1,150
Loans Paid In Full 33
Ending Loan Count 1,117
Beginning Scheduled Balance 576,229,531.23
Ending scheduled Balance 556,776,533.15
Record Date 12/31/2003
Principal And Interest Constant 2,996,227.55
Scheduled Principal 603,547.41
Unscheduled Principal 18,849,450.67
Scheduled Interest 2,392,680.14
Servicing Fees 120,047.83
Master Servicing Fees 0.00
Trustee Fee 1,440.57
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 8,296.08
Pool Insurance Fee 0.00
Spread Fee 1 0.00
Spread Fee 2 0.00
Spread Fee 3 0.00
Net Interest 2,262,895.66
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Percentage of Cumulative Losses 0.0000
Prepayment Penalties 0.00
Special Servicing Fee 0.00
Pass-Through Rate 4.712487
Miscellaneous Reporting
Group 1
CPR 22.524221%
Group 1 Subordinate Percentage 4.766820%
Group 1 Subordinate Prepayment % 0.000000%
Group 1 Senior Prepayment Percentage 100.000000%
Group 1 Senior Percentage 95.233180%
Group 2
CPR 34.424324%
Group 2 Subordinate Percentage 3.875399%
Group 2 Subordinate Prepayment % 0.000000%
Group 2 Senior Prepayment Percentage 100.000000%
Group 2 Senior Percentage 96.124601%
Group 3
CPR 35.090271%
Group 3 Subordinate Percentage 3.298690%
Group 3 Subordinate Prepayment % 0.000000%
Group 3 Senior Prepayment Percentage 100.000000%
Group 3 Senior Percentage 96.701310%