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): February 25, 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, 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 February 25, 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
February 25, 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, N.A. as Trustee
By: /s/ Beth Belfield as Assistant Vice President
By: Beth Belfield as Assistant Vice President
Date: 3/10/04
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 February 25, 2004 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 1/31/04
Distribution Date: 2/25/04
BAM Series: 2003-D
Contact: Customer Service - CTSLink
Wells Fargo Bank, 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% 72,102,924.53 205,974.02 3,250,573.87
1-A2 05948XBP5 SEN 3.42800% 1,963,031.92 5,607.73 88,498.22
1-AR 05948XBQ3 SEN 3.42800% 0.00 0.00 0.00
1-ALR 05948XBR1 SEN 3.42800% 0.00 0.15 0.00
2-A1 05948XBS9 SEN 4.18300% 110,067,566.10 383,677.19 2,806,951.46
2-A2 05948XBT7 SEN 3.60100% 25,860,221.11 77,602.21 659,489.33
2-A3 05948XBU4 SEN 3.87600% 48,487,914.58 156,615.96 1,236,542.50
2-A4 05948XBV2 SEN 4.34100% 215,494,515.52 779,551.41 5,495,557.57
2-A5 05948XBW0 SEN 4.18300% 19,395,165.83 67,608.32 494,617.00
2-A6 05948XBX8 SEN 4.18300% 528,841.52 1,843.45 13,486.56
3-A1 05948XBY6 SEN 4.56900% 39,084,739.66 148,815.15 982,445.41
AP 05948XBZ3 PO 0.00000% 1,057,812.04 0.00 2,306.47
B-1 05948XCA7 SUB 4.08816% 11,152,849.19 37,995.52 11,943.26
B-2 05948XCB5 SUB 4.08816% 4,289,099.99 14,612.10 4,593.07
B-3 05948XCC3 SUB 4.08816% 3,001,775.39 10,226.45 3,214.51
B-4 05948XCD1 SUB 4.08816% 1,716,432.81 5,847.54 1,838.08
B-5 05948XCE9 SUB 4.08816% 1,286,333.59 4,382.28 1,377.50
B-6 05948XCF6 SUB 4.08816% 1,287,307.76 4,385.60 1,378.54
W-IO 05948XCH2 SEN 0.62419% 0.00 280,796.59 0.00
SES 05948XCG4 SEN 0.00000% 0.00 103,556.00 0.00
Totals 556,776,531.54 2,289,097.67 15,054,813.35
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 68,852,350.65 3,456,547.89 0.00
1-A2 0.00 1,874,533.70 94,105.95 0.00
1-AR 0.00 0.00 0.00 0.00
1-ALR 0.00 0.00 0.15 0.00
2-A1 0.00 107,260,614.64 3,190,628.65 0.00
2-A2 0.00 25,200,731.78 737,091.54 0.00
2-A3 0.00 47,251,372.09 1,393,158.46 0.00
2-A4 0.00 209,998,957.95 6,275,108.98 0.00
2-A5 0.00 18,900,548.83 562,225.32 0.00
2-A6 0.00 515,354.96 15,330.01 0.00
3-A1 0.00 38,102,294.24 1,131,260.56 0.00
AP 0.00 1,055,505.57 2,306.47 0.00
B-1 0.00 11,140,905.94 49,938.78 0.00
B-2 0.00 4,284,506.92 19,205.17 0.00
B-3 0.00 2,998,560.87 13,440.96 0.00
B-4 0.00 1,714,594.73 7,685.62 0.00
B-5 0.00 1,284,956.10 5,759.78 0.00
B-6 0.00 1,285,929.22 5,764.14 0.00
W-IO 0.00 0.00 280,796.59 0.00
SES 0.00 0.00 103,556.00 0.00
Totals 0.00 541,721,718.19 17,343,911.02 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 72,102,924.53 102,330.56 3,148,243.31 0.00 0.00
1-A2 3,735,000.00 1,963,031.92 2,785.99 85,712.23 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 170,250,000.00 110,067,566.10 108,428.68 2,698,522.79 0.00 0.00
2-A2 40,000,000.00 25,860,221.11 25,475.17 634,014.16 0.00 0.00
2-A3 75,000,000.00 48,487,914.58 47,765.94 1,188,776.56 0.00 0.00
2-A4 333,322,000.00 215,494,515.52 212,285.83 5,283,271.74 0.00 0.00
2-A5 30,000,000.00 19,395,165.83 19,106.37 475,510.62 0.00 0.00
2-A6 818,000.00 528,841.52 520.97 12,965.59 0.00 0.00
3-A1 51,285,000.00 39,084,739.66 47,084.76 935,360.65 0.00 0.00
AP 1,079,908.00 1,057,812.04 1,549.85 756.62 0.00 0.00
B-1 11,254,000.00 11,152,849.19 11,943.26 0.00 0.00 0.00
B-2 4,328,000.00 4,289,099.99 4,593.07 0.00 0.00 0.00
B-3 3,029,000.00 3,001,775.39 3,214.51 0.00 0.00 0.00
B-4 1,732,000.00 1,716,432.81 1,838.08 0.00 0.00 0.00
B-5 1,298,000.00 1,286,333.59 1,377.50 0.00 0.00 0.00
B-6 1,298,983.00 1,287,307.76 1,378.54 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 865,617,991.00 556,776,531.54 591,679.08 14,463,134.27 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 3,250,573.87 68,852,350.65 0.50188319 3,250,573.87
1-A2 88,498.22 1,874,533.70 0.50188319 88,498.22
1-AR 0.00 0.00 0.00000000 0.00
1-ALR 0.00 0.00 0.00000000 0.00
2-A1 2,806,951.46 107,260,614.64 0.63001829 2,806,951.46
2-A2 659,489.33 25,200,731.78 0.63001829 659,489.33
2-A3 1,236,542.50 47,251,372.09 0.63001829 1,236,542.50
2-A4 5,495,557.57 209,998,957.95 0.63001829 5,495,557.57
2-A5 494,617.00 18,900,548.83 0.63001829 494,617.00
2-A6 13,486.56 515,354.96 0.63001829 13,486.56
3-A1 982,445.41 38,102,294.24 0.74295202 982,445.41
AP 2,306.47 1,055,505.57 0.97740323 2,306.47
B-1 11,943.26 11,140,905.94 0.98995077 11,943.26
B-2 4,593.07 4,284,506.92 0.98995077 4,593.07
B-3 3,214.51 2,998,560.87 0.98995077 3,214.51
B-4 1,838.08 1,714,594.73 0.98995077 1,838.08
B-5 1,377.50 1,284,956.10 0.98995077 1,377.50
B-6 1,378.54 1,285,929.22 0.98995077 1,378.54
W-IO 0.00 0.00 0.00000000 0.00
SES 0.00 0.00 0.00000000 0.00
Totals 15,054,813.35 541,721,718.19 0.62582077 15,054,813.35
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 137,188,000.00 525.57748877 0.74591480 22.94838696 0.00000000
1-A2 3,735,000.00 525.57748862 0.74591432 22.94838822 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 170,250,000.00 646.50552775 0.63687918 15.85035413 0.00000000
2-A2 40,000,000.00 646.50552775 0.63687925 15.85035400 0.00000000
2-A3 75,000,000.00 646.50552773 0.63687920 15.85035413 0.00000000
2-A4 333,322,000.00 646.50552775 0.63687914 15.85035413 0.00000000
2-A5 30,000,000.00 646.50552767 0.63687900 15.85035400 0.00000000
2-A6 818,000.00 646.50552567 0.63688264 15.85035452 0.00000000
3-A1 51,285,000.00 762.10860213 0.91810003 18.23848396 0.00000000
AP 1,079,908.00 979.53903481 1.43516855 0.70063376 0.00000000
B-1 11,254,000.00 991.01201262 1.06124578 0.00000000 0.00000000
B-2 4,328,000.00 991.01201248 1.06124538 0.00000000 0.00000000
B-3 3,029,000.00 991.01201387 1.06124464 0.00000000 0.00000000
B-4 1,732,000.00 991.01201501 1.06124711 0.00000000 0.00000000
B-5 1,298,000.00 991.01201079 1.06124807 0.00000000 0.00000000
B-6 1,298,983.00 991.01201478 1.06124561 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 23.69430176 501.88318694 0.50188319 23.69430176
1-A2 0.00000000 23.69430254 501.88318608 0.50188319 23.69430254
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 16.48723325 630.01829451 0.63001829 16.48723325
2-A2 0.00000000 16.48723325 630.01829450 0.63001829 16.48723325
2-A3 0.00000000 16.48723333 630.01829453 0.63001829 16.48723333
2-A4 0.00000000 16.48723328 630.01829447 0.63001829 16.48723328
2-A5 0.00000000 16.48723333 630.01829433 0.63001829 16.48723333
2-A6 0.00000000 16.48723716 630.01828851 0.63001829 16.48723716
3-A1 0.00000000 19.15658399 742.95201794 0.74295202 19.15658399
AP 0.00000000 2.13580231 977.40323250 0.97740323 2.13580231
B-1 0.00000000 1.06124578 989.95076773 0.98995077 1.06124578
B-2 0.00000000 1.06124538 989.95076710 0.98995077 1.06124538
B-3 0.00000000 1.06124464 989.95076593 0.98995077 1.06124464
B-4 0.00000000 1.06124711 989.95076790 0.98995077 1.06124711
B-5 0.00000000 1.06124807 989.95077042 0.98995077 1.06124807
B-6 0.00000000 1.06124561 989.95076918 0.98995077 1.06124561
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% 72,102,924.53 205,974.02 0.00 0.00
1-A2 3,735,000.00 3.42800% 1,963,031.92 5,607.73 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% 110,067,566.10 383,677.19 0.00 0.00
2-A2 40,000,000.00 3.60100% 25,860,221.11 77,602.21 0.00 0.00
2-A3 75,000,000.00 3.87600% 48,487,914.58 156,615.96 0.00 0.00
2-A4 333,322,000.00 4.34100% 215,494,515.52 779,551.41 0.00 0.00
2-A5 30,000,000.00 4.18300% 19,395,165.83 67,608.32 0.00 0.00
2-A6 818,000.00 4.18300% 528,841.52 1,843.45 0.00 0.00
3-A1 51,285,000.00 4.56900% 39,084,739.66 148,815.15 0.00 0.00
AP 1,079,908.00 0.00000% 1,057,812.04 0.00 0.00 0.00
B-1 11,254,000.00 4.08816% 11,152,849.19 37,995.52 0.00 0.00
B-2 4,328,000.00 4.08816% 4,289,099.99 14,612.10 0.00 0.00
B-3 3,029,000.00 4.08816% 3,001,775.39 10,226.45 0.00 0.00
B-4 1,732,000.00 4.08816% 1,716,432.81 5,847.54 0.00 0.00
B-5 1,298,000.00 4.08816% 1,286,333.59 4,382.28 0.00 0.00
B-6 1,298,983.00 4.08816% 1,287,307.76 4,385.60 0.00 0.00
W-IO 0.00 0.62419% 539,825,648.18 280,796.59 0.00 0.00
SES 0.00 0.00000% 556,776,533.15 0.00 0.00 0.00
Totals 865,617,991.00 2,185,541.52 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 0.00 205,974.02 0.00 68,852,350.65
1-A2 0.00 0.00 5,607.73 0.00 1,874,533.70
1-AR 0.00 0.00 0.00 0.00 0.00
1-ALR 0.00 0.00 0.15 0.00 0.00
2-A1 0.00 0.00 383,677.19 0.00 107,260,614.64
2-A2 0.00 0.00 77,602.21 0.00 25,200,731.78
2-A3 0.00 0.00 156,615.96 0.00 47,251,372.09
2-A4 0.00 0.00 779,551.41 0.00 209,998,957.95
2-A5 0.00 0.00 67,608.32 0.00 18,900,548.83
2-A6 0.00 0.00 1,843.45 0.00 515,354.96
3-A1 0.00 0.00 148,815.15 0.00 38,102,294.24
AP 0.00 0.00 0.00 0.00 1,055,505.57
B-1 0.00 0.00 37,995.52 0.00 11,140,905.94
B-2 0.00 0.00 14,612.10 0.00 4,284,506.92
B-3 0.00 0.00 10,226.45 0.00 2,998,560.87
B-4 0.00 0.00 5,847.54 0.00 1,714,594.73
B-5 0.00 0.00 4,382.28 0.00 1,284,956.10
B-6 0.00 0.00 4,385.60 0.00 1,285,929.22
W-IO 0.00 0.00 280,796.59 0.00 524,810,758.22
SES 0.00 0.00 103,556.00 0.00 541,721,719.80
Totals 0.00 0.00 2,289,097.67 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% 525.57748877 1.50139969 0.00000000 0.00000000
1-A2 3,735,000.00 3.42800% 525.57748862 1.50140027 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% 646.50552775 2.25361051 0.00000000 0.00000000
2-A2 40,000,000.00 3.60100% 646.50552775 1.94005525 0.00000000 0.00000000
2-A3 75,000,000.00 3.87600% 646.50552773 2.08821280 0.00000000 0.00000000
2-A4 333,322,000.00 4.34100% 646.50552775 2.33873375 0.00000000 0.00000000
2-A5 30,000,000.00 4.18300% 646.50552767 2.25361067 0.00000000 0.00000000
2-A6 818,000.00 4.18300% 646.50552567 2.25360636 0.00000000 0.00000000
3-A1 51,285,000.00 4.56900% 762.10860213 2.90172858 0.00000000 0.00000000
AP 1,079,908.00 0.00000% 979.53903481 0.00000000 0.00000000 0.00000000
B-1 11,254,000.00 4.08816% 991.01201262 3.37617914 0.00000000 0.00000000
B-2 4,328,000.00 4.08816% 991.01201248 3.37617837 0.00000000 0.00000000
B-3 3,029,000.00 4.08816% 991.01201387 3.37618026 0.00000000 0.00000000
B-4 1,732,000.00 4.08816% 991.01201501 3.37617783 0.00000000 0.00000000
B-5 1,298,000.00 4.08816% 991.01201079 3.37617874 0.00000000 0.00000000
B-6 1,298,983.00 4.08816% 991.01201478 3.37617967 0.00000000 0.00000000
W-IO 0.00 0.62419% 636.56149791 0.33111487 0.00000000 0.00000000
SES 0.00 0.00000% 643.21275425 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 1.50139969 0.00000000 501.88318694
1-A2 0.00000000 0.00000000 1.50140027 0.00000000 501.88318608
1-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-ALR 0.00000000 0.00000000 3.00000000 0.00000000 0.00000000
2-A1 0.00000000 0.00000000 2.25361051 0.00000000 630.01829451
2-A2 0.00000000 0.00000000 1.94005525 0.00000000 630.01829450
2-A3 0.00000000 0.00000000 2.08821280 0.00000000 630.01829453
2-A4 0.00000000 0.00000000 2.33873375 0.00000000 630.01829447
2-A5 0.00000000 0.00000000 2.25361067 0.00000000 630.01829433
2-A6 0.00000000 0.00000000 2.25360636 0.00000000 630.01828851
3-A1 0.00000000 0.00000000 2.90172858 0.00000000 742.95201794
AP 0.00000000 0.00000000 0.00000000 0.00000000 977.40323250
B-1 0.00000000 0.00000000 3.37617914 0.00000000 989.95076773
B-2 0.00000000 0.00000000 3.37617837 0.00000000 989.95076710
B-3 0.00000000 0.00000000 3.37618026 0.00000000 989.95076593
B-4 0.00000000 0.00000000 3.37617783 0.00000000 989.95076790
B-5 0.00000000 0.00000000 3.37617874 0.00000000 989.95077042
B-6 0.00000000 0.00000000 3.37617967 0.00000000 989.95076918
W-IO 0.00000000 0.00000000 0.33111487 0.00000000 618.85596488
SES 0.00000000 0.00000000 0.11963245 0.00000000 625.82077132
<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 1,005,430.63 1,003,195.34 97.69181944%
AP (3) 0.00000% 0.00 0.00 52,381.42 52,310.23 98.67992832%
W-IO (1) 0.74803% 77,857,034.90 74,512,582.40 0.00 0.00 51.47337758%
W-IO (2) 0.59650% 423,338,307.93 412,649,522.78 0.00 0.00 63.24603436%
W-IO (3) 0.67810% 38,630,305.35 37,648,653.04 0.00 0.00 74.07784548%
SES (1) 0.00000% 77,857,034.90 74,512,582.40 0.00 0.00 51.47337732%
SES (2) 0.00000% 438,398,424.01 427,672,246.99 0.00 0.00 64.01106957%
SES (3) 0.00000% 40,521,074.24 39,536,890.41 0.00 0.00 74.97105322%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 17,368,501.94
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 17,368,501.94
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 24,590.92
Payment of Interest and Principal 17,343,911.02
Total Withdrawals (Pool Distribution Amount) 17,368,501.94
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 23,198.97
Trustee Fee - Wells Fargo Bank, N.A. 1,391.95
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 24,590.92
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
3,737,193.20 0.00 0.00 0.00 3,737,193.20
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 1 0 0 0 1
525,673.10 0.00 0.00 0.00 525,673.10
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
4,262,866.30 0.00 0.00 0.00 4,262,866.30
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 0.641613% 0.000000% 0.000000% 0.000000% 0.641613%
0.689262% 0.000000% 0.000000% 0.000000% 0.689262%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.091659% 0.000000% 0.000000% 0.000000% 0.091659%
0.096951% 0.000000% 0.000000% 0.000000% 0.096951%
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 0.733272% 0.000000% 0.000000% 0.000000% 0.733272%
0.786213% 0.000000% 0.000000% 0.000000% 0.786213%
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 2 0 0 0 2
1,723,799.65 0.00 0.00 0.00 1,723,799.65
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 2 0 0 0 2
1,723,799.65 0.00 0.00 0.00 1,723,799.65
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.282051% 0.000000% 0.000000% 0.000000% 1.282051%
2.310528% 0.000000% 0.000000% 0.000000% 2.310528%
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 1.282051% 0.000000% 0.000000% 0.000000% 1.282051%
2.310528% 0.000000% 0.000000% 0.000000% 2.310528%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<Caption>
<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
1,657,207.89 0.00 0.00 0.00 1,657,207.89
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 1 0 0 0 1
525,673.10 0.00 0.00 0.00 525,673.10
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 5 0 0 0 5
2,182,880.99 0.00 0.00 0.00 2,182,880.99
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.466744% 0.000000% 0.000000% 0.000000% 0.466744%
0.387180% 0.000000% 0.000000% 0.000000% 0.387180%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.116686% 0.000000% 0.000000% 0.000000% 0.116686%
0.122815% 0.000000% 0.000000% 0.000000% 0.122815%
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 0.583431% 0.000000% 0.000000% 0.000000% 0.583431%
0.509995% 0.000000% 0.000000% 0.000000% 0.509995%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<Caption>
<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 1 0 0 0 1
356,185.66 0.00 0.00 0.00 356,185.66
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
356,185.66 0.00 0.00 0.00 356,185.66
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.282051% 0.000000% 0.000000% 0.000000% 1.282051%
0.900002% 0.000000% 0.000000% 0.000000% 0.900002%
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 1.282051% 0.000000% 0.000000% 0.000000% 1.282051%
0.900002% 0.000000% 0.000000% 0.000000% 0.900002%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 21,407.58
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 4.980897%
Weighted Average Pass-Through Rate 4.710418%
Weighted Average Maturity(Stepdown Calculation ) 348
Beginning Scheduled Collateral Loan Count 1,117
Number Of Loans Paid In Full 26
Ending Scheduled Collateral Loan Count 1,091
Beginning Scheduled Collateral Balance 556,776,533.15
Ending Scheduled Collateral Balance 541,721,719.80
Ending Actual Collateral Balance at 31-Jan-2004 542,202,451.51
Monthly P &I Constant 2,902,717.91
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 17,133,947.48
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 541,721,719.80
Scheduled Principal 591,679.08
Unscheduled Principal 14,463,134.27
Miscellaneous Reporting
Total Senior Percentage 95.909117%
Aggregate Subordinate Percentage 4.090882%
Group Level Collateral Statement
Group 1 2 3
Collateral Description Mixed ARM Mixed ARM Mixed ARM
Weighted Average Coupon Rate 4.554033 5.012187 5.462550
Weighted Average Net Rate 4.304033 4.762187 5.212551
Weighted Average Maturity 347 348 348
Beginning Loan Count 162 876 79
Loans Paid In Full 6 19 1
Ending Loan Count 156 857 78
Beginning Scheduled Balance 77,857,034.90 438,398,424.01 40,521,074.24
Ending scheduled Balance 74,512,582.40 427,672,246.99 39,536,890.41
Record Date 01/31/2004 01/31/2004 01/31/2004
Principal And Interest Constant 405,966.56 2,263,471.18 233,280.17
Scheduled Principal 110,496.96 432,358.94 48,823.18
Unscheduled Principal 3,233,955.54 10,293,818.08 935,360.65
Scheduled Interest 295,469.60 1,831,112.24 184,456.99
Servicing Fees 16,220.21 91,333.02 8,441.86
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 194.65 1,095.98 101.32
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 8,110.11 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 270,944.63 1,738,683.24 175,913.81
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 4.176033 4.759187 5.209550
Group Level Collateral Statement
Group Total
Collateral Description Mixed ARM
Weighted Average Coupon Rate 4.980897
Weighted Average Net Rate 4.713418
Weighted Average Maturity 348
Beginning Loan Count 1,117
Loans Paid In Full 26
Ending Loan Count 1,091
Beginning Scheduled Balance 556,776,533.15
Ending scheduled Balance 541,721,719.80
Record Date 01/31/2004
Principal And Interest Constant 2,902,717.91
Scheduled Principal 591,679.08
Unscheduled Principal 14,463,134.27
Scheduled Interest 2,311,038.83
Servicing Fees 115,995.09
Master Servicing Fees 0.00
Trustee Fee 1,391.95
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 8,110.11
Pool Insurance Fee 0.00
Spread Fee 1 0.00
Spread Fee 2 0.00
Spread Fee 3 0.00
Net Interest 2,185,541.68
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 4.710418
Miscellaneous Reporting
Group 1
CPR 39.940367%
Group 1 Subordinate Percentage 4.869282%
Group 1 Subordinate Prepayment % 0.000000%
Group 1 Senior Prepayment Percentage 100.000000%
Group 1 Senior Percentage 95.130718%
Group 2
CPR 24.829527%
Group 2 Subordinate Percentage 4.014415%
Group 2 Subordinate Prepayment % 0.000000%
Group 2 Senior Prepayment Percentage 100.000000%
Group 2 Senior Percentage 95.985585%
Group 3
CPR 24.466122%
Group 3 Subordinate Percentage 3.419814%
Group 3 Subordinate Prepayment % 0.000000%
Group 3 Senior Prepayment Percentage 100.000000%
Group 3 Senior Percentage 96.580186%