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): April 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, 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 April 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
April 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, N.A. as Trustee
By: /s/ Beth Belfield as Assistant Vice President
By: Beth Belfield as Assistant Vice President
Date: 4/28/04
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 April 26, 2004 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 3/31/04
Distribution Date: 4/26/04
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% 65,594,056.52 187,380.35 7,469,043.78
1-A2 05948XBP5 SEN 3.42800% 1,785,825.30 5,101.51 203,347.80
1-AR 05948XBQ3 SEN 3.42800% 0.00 0.00 0.00
1-ALR 05948XBR1 SEN 3.42800% 0.00 0.10 0.00
2-A1 05948XBS9 SEN 4.18300% 100,522,919.05 350,406.14 8,700,308.83
2-A2 05948XBT7 SEN 3.60100% 23,617,719.60 70,872.84 2,044,125.42
2-A3 05948XBU4 SEN 3.87600% 44,283,224.25 143,034.81 3,832,735.17
2-A4 05948XBV2 SEN 4.34100% 196,807,638.32 711,951.63 17,033,799.35
2-A5 05948XBW0 SEN 4.18300% 17,713,289.70 61,745.58 1,533,094.07
2-A6 05948XBX8 SEN 4.18300% 482,982.37 1,683.60 41,802.36
3-A1 05948XBY6 SEN 4.56900% 36,347,253.82 138,392.17 1,500,738.53
AP 05948XBZ3 PO 0.00000% 1,053,321.41 0.00 66,803.04
B-1 05948XCA7 SUB 4.09200% 11,128,857.94 37,949.37 12,134.04
B-2 05948XCB5 SUB 4.09200% 4,279,873.57 14,594.36 4,666.44
B-3 05948XCC3 SUB 4.09200% 2,995,318.17 10,214.03 3,265.86
B-4 05948XCD1 SUB 4.09200% 1,712,740.53 5,840.44 1,867.44
B-5 05948XCE9 SUB 4.09200% 1,283,566.52 4,376.95 1,399.50
B-6 05948XCF6 SUB 4.09200% 1,284,538.59 4,380.27 1,400.56
W-IO 05948XCH2 SEN 0.62380% 0.00 256,807.88 0.00
SES 05948XCG4 SEN 0.00000% 0.00 101,844.77 0.00
Totals 510,893,125.66 2,106,576.80 42,450,532.19
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 58,125,012.73 7,656,424.13 0.00
1-A2 0.00 1,582,477.49 208,449.31 0.00
1-AR 0.00 0.00 0.00 0.00
1-ALR 0.00 0.00 0.10 0.00
2-A1 0.00 91,822,610.22 9,050,714.97 0.00
2-A2 0.00 21,573,594.18 2,114,998.26 0.00
2-A3 0.00 40,450,489.08 3,975,769.98 0.00
2-A4 0.00 179,773,838.97 17,745,750.98 0.00
2-A5 0.00 16,180,195.63 1,594,839.65 0.00
2-A6 0.00 441,180.00 43,485.96 0.00
3-A1 0.00 34,846,515.29 1,639,130.70 0.00
AP 0.00 986,518.37 66,803.04 0.00
B-1 0.00 11,116,723.90 50,083.41 0.00
B-2 0.00 4,275,207.13 19,260.80 0.00
B-3 0.00 2,992,052.31 13,479.89 0.00
B-4 0.00 1,710,873.09 7,707.88 0.00
B-5 0.00 1,282,167.02 5,776.45 0.00
B-6 0.00 1,283,138.03 5,780.83 0.00
W-IO 0.00 0.00 256,807.88 0.00
SES 0.00 0.00 101,844.77 0.00
Totals 0.00 468,442,593.44 44,557,108.99 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 65,594,056.52 94,717.79 7,374,326.00 0.00 0.00
1-A2 3,735,000.00 1,785,825.30 2,578.73 200,769.07 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 170,250,000.00 100,522,919.05 100,858.64 8,599,450.19 0.00 0.00
2-A2 40,000,000.00 23,617,719.60 23,696.60 2,020,428.83 0.00 0.00
2-A3 75,000,000.00 44,283,224.25 44,431.12 3,788,304.05 0.00 0.00
2-A4 333,322,000.00 196,807,638.32 197,464.92 16,836,334.43 0.00 0.00
2-A5 30,000,000.00 17,713,289.70 17,772.45 1,515,321.62 0.00 0.00
2-A6 818,000.00 482,982.37 484.60 41,317.77 0.00 0.00
3-A1 51,285,000.00 36,347,253.82 44,560.93 1,456,177.60 0.00 0.00
AP 1,079,908.00 1,053,321.41 1,564.11 65,238.93 0.00 0.00
B-1 11,254,000.00 11,128,857.94 12,134.04 0.00 0.00 0.00
B-2 4,328,000.00 4,279,873.57 4,666.44 0.00 0.00 0.00
B-3 3,029,000.00 2,995,318.17 3,265.86 0.00 0.00 0.00
B-4 1,732,000.00 1,712,740.53 1,867.44 0.00 0.00 0.00
B-5 1,298,000.00 1,283,566.52 1,399.50 0.00 0.00 0.00
B-6 1,298,983.00 1,284,538.59 1,400.56 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 865,617,991.00 510,893,125.66 552,863.73 41,897,668.49 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 7,469,043.78 58,125,012.73 0.42368875 7,469,043.78
1-A2 203,347.80 1,582,477.49 0.42368875 203,347.80
1-AR 0.00 0.00 0.00000000 0.00
1-ALR 0.00 0.00 0.00000000 0.00
2-A1 8,700,308.83 91,822,610.22 0.53933985 8,700,308.83
2-A2 2,044,125.42 21,573,594.18 0.53933985 2,044,125.42
2-A3 3,832,735.17 40,450,489.08 0.53933985 3,832,735.17
2-A4 17,033,799.35 179,773,838.97 0.53933985 17,033,799.35
2-A5 1,533,094.07 16,180,195.63 0.53933985 1,533,094.07
2-A6 41,802.36 441,180.00 0.53933985 41,802.36
3-A1 1,500,738.53 34,846,515.29 0.67946798 1,500,738.53
AP 66,803.04 986,518.37 0.91352075 66,803.04
B-1 12,134.04 11,116,723.90 0.98780202 12,134.04
B-2 4,666.44 4,275,207.13 0.98780202 4,666.44
B-3 3,265.86 2,992,052.31 0.98780202 3,265.86
B-4 1,867.44 1,710,873.09 0.98780202 1,867.44
B-5 1,399.50 1,282,167.02 0.98780202 1,399.50
B-6 1,400.56 1,283,138.03 0.98780202 1,400.56
W-IO 0.00 0.00 0.00000000 0.00
SES 0.00 0.00 0.00000000 0.00
Totals 42,450,532.19 468,442,593.44 0.54116550 42,450,532.19
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 137,188,000.00 478.13261014 0.69042329 53.75343324 0.00000000
1-A2 3,735,000.00 478.13261044 0.69042303 53.75343240 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 170,250,000.00 590.44299001 0.59241492 50.51072065 0.00000000
2-A2 40,000,000.00 590.44299000 0.59241500 50.51072075 0.00000000
2-A3 75,000,000.00 590.44299000 0.59241493 50.51072067 0.00000000
2-A4 333,322,000.00 590.44299002 0.59241490 50.51072065 0.00000000
2-A5 30,000,000.00 590.44299000 0.59241500 50.51072067 0.00000000
2-A6 818,000.00 590.44299511 0.59242054 50.51072127 0.00000000
3-A1 51,285,000.00 708.73069747 0.86888817 28.39383055 0.00000000
AP 1,079,908.00 975.38068984 1.44837338 60.41156284 0.00000000
B-1 11,254,000.00 988.88021503 1.07819797 0.00000000 0.00000000
B-2 4,328,000.00 988.88021488 1.07819778 0.00000000 0.00000000
B-3 3,029,000.00 988.88021459 1.07819742 0.00000000 0.00000000
B-4 1,732,000.00 988.88021363 1.07819861 0.00000000 0.00000000
B-5 1,298,000.00 988.88021572 1.07819723 0.00000000 0.00000000
B-6 1,298,983.00 988.88021629 1.07819733 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 54.44385646 423.68875361 0.42368875 54.44385646
1-A2 0.00000000 54.44385542 423.68875234 0.42368875 54.44385542
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 51.10313557 539.33985445 0.53933985 51.10313557
2-A2 0.00000000 51.10313550 539.33985450 0.53933985 51.10313550
2-A3 0.00000000 51.10313560 539.33985440 0.53933985 51.10313560
2-A4 0.00000000 51.10313556 539.33985447 0.53933985 51.10313556
2-A5 0.00000000 51.10313567 539.33985433 0.53933985 51.10313567
2-A6 0.00000000 51.10312958 539.33985330 0.53933985 51.10312958
3-A1 0.00000000 29.26271873 679.46797875 0.67946798 29.26271873
AP 0.00000000 61.85993622 913.52075362 0.91352075 61.85993622
B-1 0.00000000 1.07819797 987.80201706 0.98780202 1.07819797
B-2 0.00000000 1.07819778 987.80201710 0.98780202 1.07819778
B-3 0.00000000 1.07819742 987.80201717 0.98780202 1.07819742
B-4 0.00000000 1.07819861 987.80201501 0.98780202 1.07819861
B-5 0.00000000 1.07819723 987.80201849 0.98780202 1.07819723
B-6 0.00000000 1.07819733 987.80201896 0.98780202 1.07819733
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% 65,594,056.52 187,380.35 0.00 0.00
1-A2 3,735,000.00 3.42800% 1,785,825.30 5,101.51 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% 100,522,919.05 350,406.14 0.00 0.00
2-A2 40,000,000.00 3.60100% 23,617,719.60 70,872.84 0.00 0.00
2-A3 75,000,000.00 3.87600% 44,283,224.25 143,034.81 0.00 0.00
2-A4 333,322,000.00 4.34100% 196,807,638.32 711,951.63 0.00 0.00
2-A5 30,000,000.00 4.18300% 17,713,289.70 61,745.58 0.00 0.00
2-A6 818,000.00 4.18300% 482,982.37 1,683.60 0.00 0.00
3-A1 51,285,000.00 4.56900% 36,347,253.82 138,392.17 0.00 0.00
AP 1,079,908.00 0.00000% 1,053,321.41 0.00 0.00 0.00
B-1 11,254,000.00 4.09200% 11,128,857.94 37,949.37 0.00 0.00
B-2 4,328,000.00 4.09200% 4,279,873.57 14,594.36 0.00 0.00
B-3 3,029,000.00 4.09200% 2,995,318.17 10,214.03 0.00 0.00
B-4 1,732,000.00 4.09200% 1,712,740.53 5,840.44 0.00 0.00
B-5 1,298,000.00 4.09200% 1,283,566.52 4,376.95 0.00 0.00
B-6 1,298,983.00 4.09200% 1,284,538.59 4,380.27 0.00 0.00
W-IO 0.00 0.62380% 494,019,440.73 256,807.88 0.00 0.00
SES 0.00 0.00000% 510,893,127.26 0.00 0.00 0.00
Totals 865,617,991.00 2,004,731.93 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 0.00 187,380.35 0.00 58,125,012.73
1-A2 0.00 0.00 5,101.51 0.00 1,582,477.49
1-AR 0.00 0.00 0.00 0.00 0.00
1-ALR 0.00 0.00 0.10 0.00 0.00
2-A1 0.00 0.00 350,406.14 0.00 91,822,610.22
2-A2 0.00 0.00 70,872.84 0.00 21,573,594.18
2-A3 0.00 0.00 143,034.81 0.00 40,450,489.08
2-A4 0.00 0.00 711,951.63 0.00 179,773,838.97
2-A5 0.00 0.00 61,745.58 0.00 16,180,195.63
2-A6 0.00 0.00 1,683.60 0.00 441,180.00
3-A1 0.00 0.00 138,392.17 0.00 34,846,515.29
AP 0.00 0.00 0.00 0.00 986,518.37
B-1 0.00 0.00 37,949.37 0.00 11,116,723.90
B-2 0.00 0.00 14,594.36 0.00 4,275,207.13
B-3 0.00 0.00 10,214.03 0.00 2,992,052.31
B-4 0.00 0.00 5,840.44 0.00 1,710,873.09
B-5 0.00 0.00 4,376.95 0.00 1,282,167.02
B-6 0.00 0.00 4,380.27 0.00 1,283,138.03
W-IO 0.00 0.00 256,807.88 0.00 451,988,041.45
SES 0.00 0.00 101,844.77 0.00 468,442,595.06
Totals 0.00 0.00 2,106,576.80 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% 478.13261014 1.36586545 0.00000000 0.00000000
1-A2 3,735,000.00 3.42800% 478.13261044 1.36586613 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% 590.44299001 2.05818584 0.00000000 0.00000000
2-A2 40,000,000.00 3.60100% 590.44299000 1.77182100 0.00000000 0.00000000
2-A3 75,000,000.00 3.87600% 590.44299000 1.90713080 0.00000000 0.00000000
2-A4 333,322,000.00 4.34100% 590.44299002 2.13592751 0.00000000 0.00000000
2-A5 30,000,000.00 4.18300% 590.44299000 2.05818600 0.00000000 0.00000000
2-A6 818,000.00 4.18300% 590.44299511 2.05819071 0.00000000 0.00000000
3-A1 51,285,000.00 4.56900% 708.73069747 2.69849215 0.00000000 0.00000000
AP 1,079,908.00 0.00000% 975.38068984 0.00000000 0.00000000 0.00000000
B-1 11,254,000.00 4.09200% 988.88021503 3.37207837 0.00000000 0.00000000
B-2 4,328,000.00 4.09200% 988.88021488 3.37207948 0.00000000 0.00000000
B-3 3,029,000.00 4.09200% 988.88021459 3.37207989 0.00000000 0.00000000
B-4 1,732,000.00 4.09200% 988.88021363 3.37207852 0.00000000 0.00000000
B-5 1,298,000.00 4.09200% 988.88021572 3.37207242 0.00000000 0.00000000
B-6 1,298,983.00 4.09200% 988.88021629 3.37207646 0.00000000 0.00000000
W-IO 0.00 0.62380% 582.54689500 0.30282742 0.00000000 0.00000000
SES 0.00 0.00000% 590.20622449 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 1.36586545 0.00000000 423.68875361
1-A2 0.00000000 0.00000000 1.36586613 0.00000000 423.68875234
1-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-ALR 0.00000000 0.00000000 2.00000000 0.00000000 0.00000000
2-A1 0.00000000 0.00000000 2.05818584 0.00000000 539.33985445
2-A2 0.00000000 0.00000000 1.77182100 0.00000000 539.33985450
2-A3 0.00000000 0.00000000 1.90713080 0.00000000 539.33985440
2-A4 0.00000000 0.00000000 2.13592751 0.00000000 539.33985447
2-A5 0.00000000 0.00000000 2.05818600 0.00000000 539.33985433
2-A6 0.00000000 0.00000000 2.05819071 0.00000000 539.33985330
3-A1 0.00000000 0.00000000 2.69849215 0.00000000 679.46797875
AP 0.00000000 0.00000000 0.00000000 0.00000000 913.52075362
B-1 0.00000000 0.00000000 3.37207837 0.00000000 987.80201706
B-2 0.00000000 0.00000000 3.37207948 0.00000000 987.80201710
B-3 0.00000000 0.00000000 3.37207989 0.00000000 987.80201717
B-4 0.00000000 0.00000000 3.37207852 0.00000000 987.80201501
B-5 0.00000000 0.00000000 3.37207242 0.00000000 987.80201849
B-6 0.00000000 0.00000000 3.37207646 0.00000000 987.80201896
W-IO 0.00000000 0.00000000 0.30282742 0.00000000 532.98353954
SES 0.00000000 0.00000000 0.11765556 0.00000000 541.16550149
<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 1,001,082.65 934,351.34 90.98774562%
AP (3) 0.00000% 0.00 0.00 52,238.76 52,167.02 98.40977174%
W-IO (1) 0.74384% 71,160,155.00 63,482,304.70 0.00 0.00 43.85364907%
W-IO (2) 0.59770% 386,964,882.92 354,111,285.43 0.00 0.00 54.27398625%
W-IO (3) 0.66719% 35,894,402.81 34,394,451.32 0.00 0.00 67.67484742%
SES (1) 0.00000% 71,160,155.00 63,482,304.70 0.00 0.00 43.85364885%
SES (2) 0.00000% 401,952,873.51 368,682,694.47 0.00 0.00 55.18191506%
SES (3) 0.00000% 37,780,098.75 36,277,595.89 0.00 0.00 68.79067990%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 44,560,416.34
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 19,257.08
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 0.00
Total Deposits 44,579,673.42
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 22,564.43
Payment of Interest and Principal 44,557,108.99
Total Withdrawals (Pool Distribution Amount) 44,579,673.42
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 21,287.21
Trustee Fee - Wells Fargo Bank, N.A. 1,277.22
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 22,564.43
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 6 0 0 0 6
3,344,164.76 0.00 0.00 0.00 3,344,164.76
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 1 0 0 0 1
524,416.64 0.00 0.00 0.00 524,416.64
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 7 0 0 0 7
3,868,581.40 0.00 0.00 0.00 3,868,581.40
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 0.631579% 0.000000% 0.000000% 0.000000% 0.631579%
0.713240% 0.000000% 0.000000% 0.000000% 0.713240%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.105263% 0.000000% 0.000000% 0.000000% 0.105263%
0.111847% 0.000000% 0.000000% 0.000000% 0.111847%
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 0.736842% 0.000000% 0.000000% 0.000000% 0.736842%
0.825087% 0.000000% 0.000000% 0.000000% 0.825087%
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
1,308,393.99 0.00 0.00 0.00 1,308,393.99
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
1,308,393.99 0.00 0.00 0.00 1,308,393.99
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 1.470588% 0.000000% 0.000000% 0.000000% 1.470588%
2.058479% 0.000000% 0.000000% 0.000000% 2.058479%
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 1.470588% 0.000000% 0.000000% 0.000000% 1.470588%
2.058479% 0.000000% 0.000000% 0.000000% 2.058479%
<caption>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
2 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 4 0 0 0 4
2,035,770.77 0.00 0.00 0.00 2,035,770.77
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 1 0 0 0 1
524,416.64 0.00 0.00 0.00 524,416.64
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
2,560,187.41 0.00 0.00 0.00 2,560,187.41
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.539084% 0.000000% 0.000000% 0.000000% 0.539084%
0.551712% 0.000000% 0.000000% 0.000000% 0.551712%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.134771% 0.000000% 0.000000% 0.000000% 0.134771%
0.142122% 0.000000% 0.000000% 0.000000% 0.142122%
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 0.673854% 0.000000% 0.000000% 0.000000% 0.673854%
0.693833% 0.000000% 0.000000% 0.000000% 0.693833%
<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 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
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 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 19,257.08
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 4.979014%
Weighted Average Pass-Through Rate 4.708603%
Weighted Average Maturity(Stepdown Calculation ) 346
Beginning Scheduled Collateral Loan Count 1,034
Number Of Loans Paid In Full 84
Ending Scheduled Collateral Loan Count 950
Beginning Scheduled Collateral Balance 510,893,127.26
Ending Scheduled Collateral Balance 468,442,595.06
Ending Actual Collateral Balance at 31-Mar-2004 468,869,459.68
Monthly P &I Constant 2,672,650.60
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 44,219,568.81
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 468,442,595.06
Scheduled Principal 552,863.71
Unscheduled Principal 41,897,668.49
Miscellaneous Reporting
Total Senior Percentage 95.550585%
Aggregate Subordinate Percentage 4.449416%
Group Level Collateral Statement
Group 1 2 3
Collateral Description Mixed ARM Mixed ARM Mixed ARM
Weighted Average Coupon Rate 4.549838 5.010765 5.449575
Weighted Average Net Rate 4.299838 4.760765 5.199576
Weighted Average Maturity 345 346 346
Beginning Loan Count 150 809 75
Loans Paid In Full 14 67 3
Ending Loan Count 136 742 72
Beginning Scheduled Balance 71,160,155.00 401,952,873.51 37,780,098.75
Ending scheduled Balance 63,482,304.70 368,682,694.47 36,277,595.89
Record Date 03/31/2004 03/31/2004 03/31/2004
Principal And Interest Constant 372,561.23 2,082,192.87 217,896.50
Scheduled Principal 102,755.23 403,783.22 46,325.26
Unscheduled Principal 7,575,095.07 32,866,395.82 1,456,177.60
Scheduled Interest 269,806.00 1,678,409.65 171,571.24
Servicing Fees 14,825.04 83,740.19 7,870.84
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 177.89 1,004.86 94.47
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 7,412.52 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 247,390.55 1,593,664.60 163,605.93
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 4.171838 4.757765 5.196575
Group Level Collateral Statement
Group Total
Collateral Description Mixed ARM
Weighted Average Coupon Rate 4.979014
Weighted Average Net Rate 4.711603
Weighted Average Maturity 346
Beginning Loan Count 1,034
Loans Paid In Full 84
Ending Loan Count 950
Beginning Scheduled Balance 510,893,127.26
Ending scheduled Balance 468,442,595.06
Record Date 03/31/2004
Principal And Interest Constant 2,672,650.60
Scheduled Principal 552,863.71
Unscheduled Principal 41,897,668.49
Scheduled Interest 2,119,786.89
Servicing Fees 106,436.07
Master Servicing Fees 0.00
Trustee Fee 1,277.22
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 7,412.52
Pool Insurance Fee 0.00
Spread Fee 1 0.00
Spread Fee 2 0.00
Spread Fee 3 0.00
Net Interest 2,004,661.08
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 4.708603
Miscellaneous Reporting
Group 1
CPR 74.146432%
Group 1 Subordinate Percentage 5.312345%
Group 1 Subordinate Prepayment % 0.000000%
Group 1 Senior Prepayment Percentage 100.000000%
Group 1 Senior Percentage 94.687655%
Group 2
CPR 64.110345%
Group 2 Subordinate Percentage 4.370603%
Group 2 Subordinate Prepayment % 0.000000%
Group 2 Senior Prepayment Percentage 100.000000%
Group 2 Senior Percentage 95.629397%
Group 3
CPR 37.641002%
Group 3 Subordinate Percentage 3.659377%
Group 3 Subordinate Prepayment % 0.000000%
Group 3 Senior Prepayment Percentage 100.000000%
Group 3 Senior Percentage 96.340623%