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
BANC OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2003-I Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-10 54-2126355
Pooling and Servicing Agreement) (Commission 54-2126356
(State or other File Number) 54-2126357
jurisdiction IRS EIN
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 BANC OF AMERICA
MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2003-I
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-I 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.
BANC OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2003-I 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: 1/5/04
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2003-I Trust,
relating to the December 26, 2003 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 11/30/03
Distribution Date: 12/26/03
BAM Series: 2003-I
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-A-1 05948XUT6 SEN 3.35313% 259,265,120.11 724,458.51 12,587,772.82
1-A-R 05948XUU3 SEN 3.34360% 0.00 0.00 0.00
1-A-MR 05948XUV1 SEN 3.34360% 0.00 0.00 0.00
1-A-LR 05948XUW9 SEN 3.34360% 0.00 0.00 0.00
2-A-1 05948XUX7 SEN 1.58300% 143,971,821.83 189,922.83 6,336,003.40
2-A-2 05948XUY5 SEN 3.64700% 71,478,000.00 217,233.55 0.00
2-A-3 05948XUZ2 SEN 3.33500% 63,157,000.00 175,523.83 0.00
2-A-4 05948XVA6 SEN 3.82800% 89,485,000.00 285,457.15 0.00
2-A-5 05948XVB4 SEN 4.25883% 86,608,000.00 307,373.66 0.00
2-A-6 05948XVC2 SEN 4.25883% 230,070,000.00 816,523.39 0.00
2-A-7 05948XVD0 SEN 3.75700% 50,000,000.00 156,541.67 0.00
2-A-IO 05948XVE8 IO 1.31781% 0.00 459,137.87 0.00
3-A-1 05948XVF5 SEN 4.56857% 167,268,900.58 636,817.01 1,008,540.97
B-1 05948XVG3 SUB 4.09851% 15,148,103.03 51,737.14 17,620.55
B-2 05948XVH1 SUB 4.09851% 7,271,249.09 24,834.37 8,458.05
B-3 05948XVJ7 SUB 4.09851% 4,846,834.26 16,553.98 5,637.93
B-4 05948XVK4 SUB 4.09851% 1,817,812.27 6,208.59 2,114.51
B-5 05948XVL2 SUB 4.09851% 1,817,812.27 6,208.59 2,114.51
B-6 05948XVM0 SUB 4.09851% 2,424,028.72 8,279.08 2,819.67
SES 05948XVN8 SEN 0.00000% 0.00 230,903.74 0.00
1-IO 05948XVP3 IO 0.44500% 0.00 98,940.60 0.00
Totals 1,194,629,682.16 4,412,655.56 19,971,082.41
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-A-1 0.00 246,677,347.29 13,312,231.33 0.00
1-A-R 0.00 0.00 0.00 0.00
1-A-MR 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.00 0.00
2-A-1 0.00 137,635,818.43 6,525,926.23 0.00
2-A-2 0.00 71,478,000.00 217,233.55 0.00
2-A-3 0.00 63,157,000.00 175,523.83 0.00
2-A-4 0.00 89,485,000.00 285,457.15 0.00
2-A-5 0.00 86,608,000.00 307,373.66 0.00
2-A-6 0.00 230,070,000.00 816,523.39 0.00
2-A-7 0.00 50,000,000.00 156,541.67 0.00
2-A-IO 0.00 0.00 459,137.87 0.00
3-A-1 0.00 166,260,359.62 1,645,357.98 0.00
B-1 0.00 15,130,482.47 69,357.69 0.00
B-2 0.00 7,262,791.03 33,292.42 0.00
B-3 0.00 4,841,196.33 22,191.91 0.00
B-4 0.00 1,815,697.76 8,323.10 0.00
B-5 0.00 1,815,697.76 8,323.10 0.00
B-6 0.00 2,421,209.04 11,098.75 0.00
SES 0.00 0.00 230,903.74 0.00
1-IO 0.00 0.00 98,940.60 0.00
Totals 0.00 1,174,658,599.73 24,383,737.97 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-A-1 267,438,000.00 259,265,120.11 380,799.92 12,206,972.90 0.00 0.00
1-A-R 50.00 0.00 0.00 0.00 0.00 0.00
1-A-MR 25.00 0.00 0.00 0.00 0.00 0.00
1-A-LR 25.00 0.00 0.00 0.00 0.00 0.00
2-A-1 152,746,000.00 143,971,821.83 737,679.35 5,598,324.05 0.00 0.00
2-A-2 71,478,000.00 71,478,000.00 0.00 0.00 0.00 0.00
2-A-3 63,157,000.00 63,157,000.00 0.00 0.00 0.00 0.00
2-A-4 89,485,000.00 89,485,000.00 0.00 0.00 0.00 0.00
2-A-5 86,608,000.00 86,608,000.00 0.00 0.00 0.00 0.00
2-A-6 230,070,000.00 230,070,000.00 0.00 0.00 0.00 0.00
2-A-7 50,000,000.00 50,000,000.00 0.00 0.00 0.00 0.00
2-A-IO 0.00 0.00 0.00 0.00 0.00 0.00
3-A-1 170,194,000.00 167,268,900.58 230,729.59 777,811.38 0.00 0.00
B-1 15,183,000.00 15,148,103.03 17,620.55 0.00 0.00 0.00
B-2 7,288,000.00 7,271,249.09 8,458.05 0.00 0.00 0.00
B-3 4,858,000.00 4,846,834.26 5,637.93 0.00 0.00 0.00
B-4 1,822,000.00 1,817,812.27 2,114.51 0.00 0.00 0.00
B-5 1,822,000.00 1,817,812.27 2,114.51 0.00 0.00 0.00
B-6 2,429,613.00 2,424,028.72 2,819.67 0.00 0.00 0.00
SES 0.00 0.00 0.00 0.00 0.00 0.00
1-IO 0.00 0.00 0.00 0.00 0.00 0.00
Totals 1,214,578,713.00 1,194,629,682.16 1,387,974.08 18,583,108.33 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-A-1 12,587,772.82 246,677,347.29 0.92237209 12,587,772.82
1-A-R 0.00 0.00 0.00000000 0.00
1-A-MR 0.00 0.00 0.00000000 0.00
1-A-LR 0.00 0.00 0.00000000 0.00
2-A-1 6,336,003.40 137,635,818.43 0.90107642 6,336,003.40
2-A-2 0.00 71,478,000.00 1.00000000 0.00
2-A-3 0.00 63,157,000.00 1.00000000 0.00
2-A-4 0.00 89,485,000.00 1.00000000 0.00
2-A-5 0.00 86,608,000.00 1.00000000 0.00
2-A-6 0.00 230,070,000.00 1.00000000 0.00
2-A-7 0.00 50,000,000.00 1.00000000 0.00
2-A-IO 0.00 0.00 0.00000000 0.00
3-A-1 1,008,540.97 166,260,359.62 0.97688731 1,008,540.97
B-1 17,620.55 15,130,482.47 0.99654103 17,620.55
B-2 8,458.05 7,262,791.03 0.99654103 8,458.05
B-3 5,637.93 4,841,196.33 0.99654103 5,637.93
B-4 2,114.51 1,815,697.76 0.99654103 2,114.51
B-5 2,114.51 1,815,697.76 0.99654103 2,114.51
B-6 2,819.67 2,421,209.04 0.99654103 2,819.67
SES 0.00 0.00 0.00000000 0.00
1-IO 0.00 0.00 0.00000000 0.00
Totals 19,971,082.41 1,174,658,599.73 0.96713254 19,971,082.41
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-A-1 267,438,000.00 969.44009494 1.42388112 45.64412275 0.00000000
1-A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-MR 25.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 25.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 152,746,000.00 942.55706748 4.82945118 36.65119905 0.00000000
2-A-2 71,478,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2-A-3 63,157,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2-A-4 89,485,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2-A-5 86,608,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2-A-6 230,070,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2-A-7 50,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2-A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 170,194,000.00 982.81314606 1.35568581 4.57014572 0.00000000
B-1 15,183,000.00 997.70157610 1.16054469 0.00000000 0.00000000
B-2 7,288,000.00 997.70157656 1.16054473 0.00000000 0.00000000
B-3 4,858,000.00 997.70157678 1.16054549 0.00000000 0.00000000
B-4 1,822,000.00 997.70157519 1.16054336 0.00000000 0.00000000
B-5 1,822,000.00 997.70157519 1.16054336 0.00000000 0.00000000
B-6 2,429,613.00 997.70157634 1.16054285 0.00000000 0.00000000
SES 0.00 0.00000000 0.00000000 0.00000000 0.00000000
1-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
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-A-1 0.00000000 47.06800387 922.37209106 0.92237209 47.06800387
1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-MR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 41.48065023 901.07641725 0.90107642 41.48065023
2-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2-A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2-A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2-A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2-A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
3-A-1 0.00000000 5.92583152 976.88731459 0.97688731 5.92583152
B-1 0.00000000 1.16054469 996.54103076 0.99654103 1.16054469
B-2 0.00000000 1.16054473 996.54103046 0.99654103 1.16054473
B-3 0.00000000 1.16054549 996.54103129 0.99654103 1.16054549
B-4 0.00000000 1.16054336 996.54103183 0.99654103 1.16054336
B-5 0.00000000 1.16054336 996.54103183 0.99654103 1.16054336
B-6 0.00000000 1.16054285 996.54102937 0.99654103 1.16054285
SES 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-IO 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-A-1 267,438,000.00 3.35313% 259,265,120.11 724,458.51 0.00 0.00
1-A-R 50.00 3.34360% 0.00 0.00 0.00 0.00
1-A-MR 25.00 3.34360% 0.00 0.00 0.00 0.00
1-A-LR 25.00 3.34360% 0.00 0.00 0.00 0.00
2-A-1 152,746,000.00 1.58300% 143,971,821.83 189,922.83 0.00 0.00
2-A-2 71,478,000.00 3.64700% 71,478,000.00 217,233.56 0.00 0.00
2-A-3 63,157,000.00 3.33500% 63,157,000.00 175,523.83 0.00 0.00
2-A-4 89,485,000.00 3.82800% 89,485,000.00 285,457.15 0.00 0.00
2-A-5 86,608,000.00 4.25883% 86,608,000.00 307,373.66 0.00 0.00
2-A-6 230,070,000.00 4.25883% 230,070,000.00 816,523.40 0.00 0.00
2-A-7 50,000,000.00 3.75700% 50,000,000.00 156,541.67 0.00 0.00
2-A-IO 0.00 1.31781% 418,091,821.83 459,137.87 0.00 0.00
3-A-1 170,194,000.00 4.56857% 167,268,900.58 636,817.02 0.00 0.00
B-1 15,183,000.00 4.09851% 15,148,103.03 51,737.14 0.00 0.00
B-2 7,288,000.00 4.09851% 7,271,249.09 24,834.37 0.00 0.00
B-3 4,858,000.00 4.09851% 4,846,834.26 16,553.98 0.00 0.00
B-4 1,822,000.00 4.09851% 1,817,812.27 6,208.59 0.00 0.00
B-5 1,822,000.00 4.09851% 1,817,812.27 6,208.59 0.00 0.00
B-6 2,429,613.00 4.09851% 2,424,028.72 8,279.08 0.00 0.00
SES 0.00 0.00000% 1,194,629,682.94 0.00 0.00 0.00
1-IO 0.00 0.44500% 266,806,114.83 98,940.60 0.00 0.00
Totals 1,214,578,713.00 4,181,751.85 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-A-1 0.01 0.00 724,458.51 0.00 246,677,347.29
1-A-R 0.00 0.00 0.00 0.00 0.00
1-A-MR 0.00 0.00 0.00 0.00 0.00
1-A-LR 0.00 0.00 0.00 0.00 0.00
2-A-1 0.00 0.00 189,922.83 0.00 137,635,818.43
2-A-2 0.00 0.00 217,233.55 0.00 71,478,000.00
2-A-3 0.00 0.00 175,523.83 0.00 63,157,000.00
2-A-4 0.00 0.00 285,457.15 0.00 89,485,000.00
2-A-5 0.00 0.00 307,373.66 0.00 86,608,000.00
2-A-6 0.01 0.00 816,523.39 0.00 230,070,000.00
2-A-7 0.00 0.00 156,541.67 0.00 50,000,000.00
2-A-IO 0.00 0.00 459,137.87 0.00 411,755,818.43
3-A-1 0.00 0.00 636,817.01 0.00 166,260,359.62
B-1 0.00 0.00 51,737.14 0.00 15,130,482.47
B-2 0.00 0.00 24,834.37 0.00 7,262,791.03
B-3 0.00 0.00 16,553.98 0.00 4,841,196.33
B-4 0.00 0.00 6,208.59 0.00 1,815,697.76
B-5 0.00 0.00 6,208.59 0.00 1,815,697.76
B-6 0.00 0.00 8,279.08 0.00 2,421,209.04
SES 0.00 0.00 230,903.74 0.00 1,174,658,600.52
1-IO 0.00 0.00 98,940.60 0.00 254,207,266.05
Totals 0.02 0.00 4,412,655.56 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-A-1 267,438,000.00 3.35313% 969.44009494 2.70888397 0.00000000 0.00000000
1-A-R 50.00 3.34360% 0.00000000 0.00000000 0.00000000 0.00000000
1-A-MR 25.00 3.34360% 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 25.00 3.34360% 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 152,746,000.00 1.58300% 942.55706748 1.24338988 0.00000000 0.00000000
2-A-2 71,478,000.00 3.64700% 1000.00000000 3.03916674 0.00000000 0.00000000
2-A-3 63,157,000.00 3.33500% 1000.00000000 2.77916668 0.00000000 0.00000000
2-A-4 89,485,000.00 3.82800% 1000.00000000 3.19000000 0.00000000 0.00000000
2-A-5 86,608,000.00 4.25883% 1000.00000000 3.54902157 0.00000000 0.00000000
2-A-6 230,070,000.00 4.25883% 1000.00000000 3.54902160 0.00000000 0.00000000
2-A-7 50,000,000.00 3.75700% 1000.00000000 3.13083340 0.00000000 0.00000000
2-A-IO 0.00 1.31781% 979.44512290 1.07560188 0.00000000 0.00000000
3-A-1 170,194,000.00 4.56857% 982.81314606 3.74171252 0.00000000 0.00000000
B-1 15,183,000.00 4.09851% 997.70157610 3.40757031 0.00000000 0.00000000
B-2 7,288,000.00 4.09851% 997.70157656 3.40756998 0.00000000 0.00000000
B-3 4,858,000.00 4.09851% 997.70157678 3.40757102 0.00000000 0.00000000
B-4 1,822,000.00 4.09851% 997.70157519 3.40756861 0.00000000 0.00000000
B-5 1,822,000.00 4.09851% 997.70157519 3.40756861 0.00000000 0.00000000
B-6 2,429,613.00 4.09851% 997.70157634 3.40757149 0.00000000 0.00000000
SES 0.00 0.00000% 962.18602145 0.00000000 0.00000000 0.00000000
1-IO 0.00 0.44500% 970.20038586 0.35978264 0.00000000 0.00000000
<FN>
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-A-1 0.00000004 0.00000000 2.70888397 0.00000000 922.37209106
1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-MR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 0.00000000 1.24338988 0.00000000 901.07641725
2-A-2 0.00000000 0.00000000 3.03916660 0.00000000 1000.00000000
2-A-3 0.00000000 0.00000000 2.77916668 0.00000000 1000.00000000
2-A-4 0.00000000 0.00000000 3.19000000 0.00000000 1000.00000000
2-A-5 0.00000000 0.00000000 3.54902157 0.00000000 1000.00000000
2-A-6 0.00000004 0.00000000 3.54902156 0.00000000 1000.00000000
2-A-7 0.00000000 0.00000000 3.13083340 0.00000000 1000.00000000
2-A-IO 0.00000000 0.00000000 1.07560188 0.00000000 964.60204943
3-A-1 0.00000000 0.00000000 3.74171246 0.00000000 976.88731459
B-1 0.00000000 0.00000000 3.40757031 0.00000000 996.54103076
B-2 0.00000000 0.00000000 3.40756998 0.00000000 996.54103046
B-3 0.00000000 0.00000000 3.40757102 0.00000000 996.54103129
B-4 0.00000000 0.00000000 3.40756861 0.00000000 996.54103183
B-5 0.00000000 0.00000000 3.40756861 0.00000000 996.54103183
B-6 0.00000000 0.00000000 3.40757149 0.00000000 996.54102937
SES 0.00000000 0.00000000 0.18597592 0.00000000 946.10078884
1-IO 0.00000000 0.00000000 0.35978264 0.00000000 924.38656351
<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>
SES-1 0.00000% 266,806,114.83 254,207,266.05 0.00 0.00 92.43865635%
SES-2 0.00000% 755,754,026.65 749,396,955.95 0.00 0.00 98.01548466%
SES-3 0.00000% 172,069,541.46 171,054,378.52 0.00 0.00 9.77449285%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 24,435,505.29
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 24,435,505.29
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 51,767.32
Payment of Interest and Principal 24,383,737.97
Total Withdrawals (Pool Distribution Amount) 24,435,505.29
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 49,776.41
Trustee Fee - Wells Fargo Bank, N.A. 1,990.91
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 51,767.32
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 19 0 0 0 19
11,306,565.87 0.00 0.00 0.00 11,306,565.87
60 Days 3 0 0 0 3
1,496,111.36 0.00 0.00 0.00 1,496,111.36
90 Days 1 0 0 0 1
411,102.72 0.00 0.00 0.00 411,102.72
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 23 0 0 0 23
13,213,779.95 0.00 0.00 0.00 13,213,779.95
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 0.858951% 0.000000% 0.000000% 0.000000% 0.858951%
0.961536% 0.000000% 0.000000% 0.000000% 0.961536%
60 Days 0.135624% 0.000000% 0.000000% 0.000000% 0.135624%
0.127233% 0.000000% 0.000000% 0.000000% 0.127233%
90 Days 0.045208% 0.000000% 0.000000% 0.000000% 0.045208%
0.034961% 0.000000% 0.000000% 0.000000% 0.034961%
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 1.039783% 0.000000% 0.000000% 0.000000% 1.039783%
1.123729% 0.000000% 0.000000% 0.000000% 1.123729%
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 4 0 0 0 4
2,450,539.46 0.00 0.00 0.00 2,450,539.46
60 Days 1 0 0 0 1
353,572.12 0.00 0.00 0.00 353,572.12
90 Days 1 0 0 0 1
411,102.72 0.00 0.00 0.00 411,102.72
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
3,215,214.30 0.00 0.00 0.00 3,215,214.30
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.814664% 0.000000% 0.000000% 0.000000% 0.814664%
0.962706% 0.000000% 0.000000% 0.000000% 0.962706%
60 Days 0.203666% 0.000000% 0.000000% 0.000000% 0.203666%
0.138903% 0.000000% 0.000000% 0.000000% 0.138903%
90 Days 0.203666% 0.000000% 0.000000% 0.000000% 0.203666%
0.161504% 0.000000% 0.000000% 0.000000% 0.161504%
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 1.221996% 0.000000% 0.000000% 0.000000% 1.221996%
1.263112% 0.000000% 0.000000% 0.000000% 1.263112%
<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 14 0 0 0 14
8,107,960.98 0.00 0.00 0.00 8,107,960.98
60 Days 2 0 0 0 2
1,142,539.24 0.00 0.00 0.00 1,142,539.24
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 16 0 0 0 16
9,250,500.22 0.00 0.00 0.00 9,250,500.22
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.010830% 0.000000% 0.000000% 0.000000% 1.010830%
1.080965% 0.000000% 0.000000% 0.000000% 1.080965%
60 Days 0.144404% 0.000000% 0.000000% 0.000000% 0.144404%
0.152325% 0.000000% 0.000000% 0.000000% 0.152325%
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 1.155235% 0.000000% 0.000000% 0.000000% 1.155235%
1.233289% 0.000000% 0.000000% 0.000000% 1.233289%
<caption>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 3 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 1 0 0 0 1
748,065.43 0.00 0.00 0.00 748,065.43
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
748,065.43 0.00 0.00 0.00 748,065.43
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.297619% 0.000000% 0.000000% 0.000000% 0.297619%
0.436770% 0.000000% 0.000000% 0.000000% 0.436770%
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 0.297619% 0.000000% 0.000000% 0.000000% 0.297619%
0.436770% 0.000000% 0.000000% 0.000000% 0.436770%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 63,260.81
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 4.480468%
Weighted Average Net Coupon 4.202550%
Weighted Average Pass-Through Rate 4.200550%
Weighted Average Maturity(Stepdown Calculation ) 352
Beginning Scheduled Collateral Loan Count 2,242
Number Of Loans Paid In Full 30
Ending Scheduled Collateral Loan Count 2,212
Beginning Scheduled Collateral Balance 1,194,629,682.94
Ending Scheduled Collateral Balance 1,174,658,600.52
Ending Actual Collateral Balance at 30-Nov-2003 1,175,886,457.86
Monthly P &I Constant 5,848,390.48
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Ending Scheduled Balance for Premium Loans 1,174,658,600.52
Scheduled Principal 1,387,974.09
Unscheduled Principal 18,583,108.33
Miscellaneous Reporting
Total Senior % 97.210362%
Aggregate Subordinate % 2.789638%
Group Level Collateral Statement
Group Group 1 Group 2 Group 3
Collateral Description Mixed ARM Mixed ARM Mixed ARM
Weighted Average Coupon Rate 4.175132 4.510826 4.820574
Weighted Average Net Rate 3.925132 4.260826 4.570574
Weighted Average Maturity 353 354 351
Beginning Loan Count 512 1,393 337
Loans Paid In Full 21 8 1
Ending Loan Count 491 1,385 336
Beginning Scheduled Balance 266,806,114.83 755,754,026.65 172,069,541.46
Ending scheduled Balance 254,207,266.05 749,396,955.95 171,054,378.52
Record Date 11/30/2003 11/30/2003 11/30/2003
Principal And Interest Constant 1,320,168.21 3,599,642.35 928,579.92
Scheduled Principal 391,875.88 758,746.65 237,351.56
Unscheduled Principal 12,206,972.90 5,598,324.05 777,811.38
Scheduled Interest 928,292.33 2,840,895.70 691,228.36
Servicing Fees 55,584.59 157,448.78 35,847.82
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 444.65 1,259.65 286.75
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 27,792.33 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 844,470.76 2,682,187.27 655,093.79
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 3.798132 4.258826 4.568574
Group Level Collateral Statement
Group Total
Collateral Description Mixed ARM
Weighted Average Coupon Rate 4.480468
Weighted Average Net Rate 4.202550
Weighted Average Maturity 352
Beginning Loan Count 2,242
Loans Paid In Full 30
Ending Loan Count 2,212
Beginning Scheduled Balance 1,194,629,682.94
Ending scheduled Balance 1,174,658,600.52
Record Date 11/30/2003
Principal And Interest Constant 5,848,390.48
Scheduled Principal 1,387,974.09
Unscheduled Principal 18,583,108.33
Scheduled Interest 4,460,416.39
Servicing Fees 248,881.19
Master Servicing Fees 0.00
Trustee Fee 1,991.05
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 27,792.33
Pool Insurance Fee 0.00
Spread Fee 1 0.00
Spread Fee 2 0.00
Spread Fee 3 0.00
Net Interest 4,181,751.82
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 4.200550
Miscellaneous Reporting
Group Group 1
CPR 43.040479%
Senior % 97.173605%
Senior Prepayment % 100.000000%
Subordinate % 2.826395%
Subordinate Prepayment % 0.000000%
Group Group 2
CPR 8.543989%
Senior % 97.223408%
Senior Prepayment % 100.000000%
Subordinate % 2.776592%
Subordinate Prepayment % 0.000000%
Group Group 3
CPR 5.298677%
Senior % 97.210058%
Senior Prepayment % 100.000000%
Subordinate % 2.789942%
Subordinate Prepayment % 0.000000%