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): May 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 May 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
May 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: 5/28/04
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 May 25, 2004 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 4/30/04
Distribution Date: 5/25/04
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% 58,125,012.73 166,043.79 8,514,596.36
1-A2 05948XBP5 SEN 3.42800% 1,582,477.49 4,520.61 231,813.41
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% 91,822,610.22 320,078.32 10,561,539.77
2-A2 05948XBT7 SEN 3.60100% 21,573,594.18 64,738.76 2,481,419.03
2-A3 05948XBU4 SEN 3.87600% 40,450,489.08 130,655.08 4,652,660.69
2-A4 05948XBV2 SEN 4.34100% 179,773,838.97 650,331.87 20,677,788.89
2-A5 05948XBW0 SEN 4.18300% 16,180,195.63 56,401.47 1,861,064.28
2-A6 05948XBX8 SEN 4.18300% 441,180.00 1,537.88 50,745.02
3-A1 05948XBY6 SEN 4.56900% 34,846,515.29 132,678.11 3,523,582.41
AP 05948XBZ3 PO 0.00000% 986,518.37 0.00 23,732.16
B-1 05948XCA7 SUB 4.08829% 11,116,723.90 37,873.61 12,228.04
B-2 05948XCB5 SUB 4.08829% 4,275,207.13 14,565.22 4,702.59
B-3 05948XCC3 SUB 4.08829% 2,992,052.31 10,193.63 3,291.16
B-4 05948XCD1 SUB 4.08829% 1,710,873.09 5,828.78 1,881.91
B-5 05948XCE9 SUB 4.08829% 1,282,167.02 4,368.22 1,410.34
B-6 05948XCF6 SUB 4.08829% 1,283,138.03 4,371.53 1,411.41
W-IO 05948XCH2 SEN 0.62110% 0.00 233,942.40 0.00
SES 05948XCG4 SEN 0.00000% 0.00 93,150.34 0.00
Totals 468,442,593.44 1,931,279.72 52,603,867.47
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 49,610,416.37 8,680,640.15 0.00
1-A2 0.00 1,350,664.09 236,334.02 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 81,261,070.46 10,881,618.09 0.00
2-A2 0.00 19,092,175.14 2,546,157.79 0.00
2-A3 0.00 35,797,828.39 4,783,315.77 0.00
2-A4 0.00 159,096,050.08 21,328,120.76 0.00
2-A5 0.00 14,319,131.36 1,917,465.75 0.00
2-A6 0.00 390,434.98 52,282.90 0.00
3-A1 0.00 31,322,932.88 3,656,260.52 0.00
AP 0.00 962,786.21 23,732.16 0.00
B-1 0.00 11,104,495.86 50,101.65 0.00
B-2 0.00 4,270,504.54 19,267.81 0.00
B-3 0.00 2,988,761.15 13,484.79 0.00
B-4 0.00 1,708,991.19 7,710.69 0.00
B-5 0.00 1,280,756.68 5,778.56 0.00
B-6 0.00 1,281,726.62 5,782.94 0.00
W-IO 0.00 0.00 233,942.40 0.00
SES 0.00 0.00 93,150.34 0.00
Totals 0.00 415,838,726.00 54,535,147.19 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 58,125,012.73 84,760.94 8,429,835.43 0.00 0.00
1-A2 3,735,000.00 1,582,477.49 2,307.65 229,505.75 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 91,822,610.22 92,912.70 10,468,627.07 0.00 0.00
2-A2 40,000,000.00 21,573,594.18 21,829.71 2,459,589.33 0.00 0.00
2-A3 75,000,000.00 40,450,489.08 40,930.70 4,611,729.99 0.00 0.00
2-A4 333,322,000.00 179,773,838.97 181,908.05 20,495,880.84 0.00 0.00
2-A5 30,000,000.00 16,180,195.63 16,372.28 1,844,691.99 0.00 0.00
2-A6 818,000.00 441,180.00 446.42 50,298.60 0.00 0.00
3-A1 51,285,000.00 34,846,515.29 43,126.39 3,480,456.02 0.00 0.00
AP 1,079,908.00 986,518.37 1,489.27 22,242.89 0.00 0.00
B-1 11,254,000.00 11,116,723.90 12,228.04 0.00 0.00 0.00
B-2 4,328,000.00 4,275,207.13 4,702.59 0.00 0.00 0.00
B-3 3,029,000.00 2,992,052.31 3,291.16 0.00 0.00 0.00
B-4 1,732,000.00 1,710,873.09 1,881.91 0.00 0.00 0.00
B-5 1,298,000.00 1,282,167.02 1,410.34 0.00 0.00 0.00
B-6 1,298,983.00 1,283,138.03 1,411.41 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 865,617,991.00 468,442,593.44 511,009.56 52,092,857.91 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 8,514,596.36 49,610,416.37 0.36162358 8,514,596.36
1-A2 231,813.41 1,350,664.09 0.36162359 231,813.41
1-AR 0.00 0.00 0.00000000 0.00
1-ALR 0.00 0.00 0.00000000 0.00
2-A1 10,561,539.77 81,261,070.46 0.47730438 10,561,539.77
2-A2 2,481,419.03 19,092,175.14 0.47730438 2,481,419.03
2-A3 4,652,660.69 35,797,828.39 0.47730438 4,652,660.69
2-A4 20,677,788.89 159,096,050.08 0.47730438 20,677,788.89
2-A5 1,861,064.28 14,319,131.36 0.47730438 1,861,064.28
2-A6 50,745.02 390,434.98 0.47730438 50,745.02
3-A1 3,523,582.41 31,322,932.88 0.61076207 3,523,582.41
AP 23,732.16 962,786.21 0.89154466 23,732.16
B-1 12,228.04 11,104,495.86 0.98671547 12,228.04
B-2 4,702.59 4,270,504.54 0.98671547 4,702.59
B-3 3,291.16 2,988,761.15 0.98671547 3,291.16
B-4 1,881.91 1,708,991.19 0.98671547 1,881.91
B-5 1,410.34 1,280,756.68 0.98671547 1,410.34
B-6 1,411.41 1,281,726.62 0.98671547 1,411.41
W-IO 0.00 0.00 0.00000000 0.00
SES 0.00 0.00 0.00000000 0.00
Totals 52,603,867.47 415,838,726.00 0.48039520 52,603,867.47
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<s> <c> <c> <c> <c> <c>
1-A1 137,188,000.00 423.68875361 0.61784515 61.44732360 0.00000000
1-A2 3,735,000.00 423.68875234 0.61784471 61.44732262 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 170,250,000.00 539.33985445 0.54574273 61.48973316 0.00000000
2-A2 40,000,000.00 539.33985450 0.54574275 61.48973325 0.00000000
2-A3 75,000,000.00 539.33985440 0.54574267 61.48973320 0.00000000
2-A4 333,322,000.00 539.33985447 0.54574271 61.48973317 0.00000000
2-A5 30,000,000.00 539.33985433 0.54574267 61.48973300 0.00000000
2-A6 818,000.00 539.33985330 0.54574572 61.48973105 0.00000000
3-A1 51,285,000.00 679.46797875 0.84091625 67.86499015 0.00000000
AP 1,079,908.00 913.52075362 1.37907118 20.59702308 0.00000000
B-1 11,254,000.00 987.80201706 1.08655056 0.00000000 0.00000000
B-2 4,328,000.00 987.80201710 1.08655037 0.00000000 0.00000000
B-3 3,029,000.00 987.80201717 1.08655002 0.00000000 0.00000000
B-4 1,732,000.00 987.80201501 1.08655312 0.00000000 0.00000000
B-5 1,298,000.00 987.80201849 1.08654854 0.00000000 0.00000000
B-6 1,298,983.00 987.80201896 1.08655002 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 62.06516867 361.62358493 0.36162358 62.06516867
1-A2 0.00000000 62.06517001 361.62358501 0.36162359 62.06517001
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 62.03547589 477.30437862 0.47730438 62.03547589
2-A2 0.00000000 62.03547575 477.30437850 0.47730438 62.03547575
2-A3 0.00000000 62.03547587 477.30437853 0.47730438 62.03547587
2-A4 0.00000000 62.03547588 477.30437859 0.47730438 62.03547588
2-A5 0.00000000 62.03547600 477.30437867 0.47730438 62.03547600
2-A6 0.00000000 62.03547677 477.30437653 0.47730438 62.03547677
3-A1 0.00000000 68.70590641 610.76207234 0.61076207 68.70590641
AP 0.00000000 21.97609426 891.54465936 0.89154466 21.97609426
B-1 0.00000000 1.08655056 986.71546650 0.98671547 1.08655056
B-2 0.00000000 1.08655037 986.71546673 0.98671547 1.08655037
B-3 0.00000000 1.08655002 986.71546715 0.98671547 1.08655002
B-4 0.00000000 1.08655312 986.71546767 0.98671547 1.08655312
B-5 0.00000000 1.08654854 986.71546995 0.98671547 1.08654854
B-6 0.00000000 1.08655002 986.71546895 0.98671547 1.08655002
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% 58,125,012.73 166,043.79 0.00 0.00
1-A2 3,735,000.00 3.42800% 1,582,477.49 4,520.61 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% 91,822,610.22 320,078.32 0.00 0.00
2-A2 40,000,000.00 3.60100% 21,573,594.18 64,738.76 0.00 0.00
2-A3 75,000,000.00 3.87600% 40,450,489.08 130,655.08 0.00 0.00
2-A4 333,322,000.00 4.34100% 179,773,838.97 650,331.86 0.00 0.00
2-A5 30,000,000.00 4.18300% 16,180,195.63 56,401.47 0.00 0.00
2-A6 818,000.00 4.18300% 441,180.00 1,537.88 0.00 0.00
3-A1 51,285,000.00 4.56900% 34,846,515.29 132,678.11 0.00 0.00
AP 1,079,908.00 0.00000% 986,518.37 0.00 0.00 0.00
B-1 11,254,000.00 4.08829% 11,116,723.90 37,873.61 0.00 0.00
B-2 4,328,000.00 4.08829% 4,275,207.13 14,565.22 0.00 0.00
B-3 3,029,000.00 4.08829% 2,992,052.31 10,193.63 0.00 0.00
B-4 1,732,000.00 4.08829% 1,710,873.09 5,828.78 0.00 0.00
B-5 1,298,000.00 4.08829% 1,282,167.02 4,368.22 0.00 0.00
B-6 1,298,983.00 4.08829% 1,283,138.03 4,371.53 0.00 0.00
W-IO 0.00 0.62110% 451,988,041.45 233,942.40 0.00 0.00
SES 0.00 0.00000% 468,442,595.06 0.00 0.00 0.00
Totals 865,617,991.00 1,838,129.27 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 0.00 166,043.79 0.00 49,610,416.37
1-A2 0.00 0.00 4,520.61 0.00 1,350,664.09
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 0.00 320,078.32 0.00 81,261,070.46
2-A2 0.00 0.00 64,738.76 0.00 19,092,175.14
2-A3 0.00 0.00 130,655.08 0.00 35,797,828.39
2-A4 (0.01) 0.00 650,331.87 0.00 159,096,050.08
2-A5 0.00 0.00 56,401.47 0.00 14,319,131.36
2-A6 0.00 0.00 1,537.88 0.00 390,434.98
3-A1 0.00 0.00 132,678.11 0.00 31,322,932.88
AP 0.00 0.00 0.00 0.00 962,786.21
B-1 0.00 0.00 37,873.61 0.00 11,104,495.86
B-2 0.00 0.00 14,565.22 0.00 4,270,504.54
B-3 0.00 0.00 10,193.63 0.00 2,988,761.15
B-4 0.00 0.00 5,828.78 0.00 1,708,991.19
B-5 0.00 0.00 4,368.22 0.00 1,280,756.68
B-6 0.00 0.00 4,371.53 0.00 1,281,726.62
W-IO 0.00 0.00 233,942.40 0.00 399,884,074.70
SES 0.00 0.00 93,150.34 0.00 415,838,727.60
Totals (0.01) 0.00 1,931,279.72 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% 423.68875361 1.21033757 0.00000000 0.00000000
1-A2 3,735,000.00 3.42800% 423.68875234 1.21033735 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% 539.33985445 1.88004887 0.00000000 0.00000000
2-A2 40,000,000.00 3.60100% 539.33985450 1.61846900 0.00000000 0.00000000
2-A3 75,000,000.00 3.87600% 539.33985440 1.74206773 0.00000000 0.00000000
2-A4 333,322,000.00 4.34100% 539.33985447 1.95106192 0.00000000 0.00000000
2-A5 30,000,000.00 4.18300% 539.33985433 1.88004900 0.00000000 0.00000000
2-A6 818,000.00 4.18300% 539.33985330 1.88004890 0.00000000 0.00000000
3-A1 51,285,000.00 4.56900% 679.46797875 2.58707439 0.00000000 0.00000000
AP 1,079,908.00 0.00000% 913.52075362 0.00000000 0.00000000 0.00000000
B-1 11,254,000.00 4.08829% 987.80201706 3.36534654 0.00000000 0.00000000
B-2 4,328,000.00 4.08829% 987.80201710 3.36534658 0.00000000 0.00000000
B-3 3,029,000.00 4.08829% 987.80201717 3.36534500 0.00000000 0.00000000
B-4 1,732,000.00 4.08829% 987.80201501 3.36534642 0.00000000 0.00000000
B-5 1,298,000.00 4.08829% 987.80201849 3.36534669 0.00000000 0.00000000
B-6 1,298,983.00 4.08829% 987.80201896 3.36534812 0.00000000 0.00000000
W-IO 0.00 0.62110% 532.98353954 0.27586449 0.00000000 0.00000000
SES 0.00 0.00000% 541.16550149 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 1.21033757 0.00000000 361.62358493
1-A2 0.00000000 0.00000000 1.21033735 0.00000000 361.62358501
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 1.88004887 0.00000000 477.30437862
2-A2 0.00000000 0.00000000 1.61846900 0.00000000 477.30437850
2-A3 0.00000000 0.00000000 1.74206773 0.00000000 477.30437853
2-A4 (0.00000003) 0.00000000 1.95106195 0.00000000 477.30437859
2-A5 0.00000000 0.00000000 1.88004900 0.00000000 477.30437867
2-A6 0.00000000 0.00000000 1.88004890 0.00000000 477.30437653
3-A1 0.00000000 0.00000000 2.58707439 0.00000000 610.76207234
AP 0.00000000 0.00000000 0.00000000 0.00000000 891.54465936
B-1 0.00000000 0.00000000 3.36534654 0.00000000 986.71546650
B-2 0.00000000 0.00000000 3.36534658 0.00000000 986.71546673
B-3 0.00000000 0.00000000 3.36534500 0.00000000 986.71546715
B-4 0.00000000 0.00000000 3.36534642 0.00000000 986.71546767
B-5 0.00000000 0.00000000 3.36534669 0.00000000 986.71546995
B-6 0.00000000 0.00000000 3.36534812 0.00000000 986.71546895
W-IO 0.00000000 0.00000000 0.27586449 0.00000000 471.54262944
SES 0.00000000 0.00000000 0.10761137 0.00000000 480.39519875
<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 0.00 934,351.34 910,691.20 88.68370568%
AP (3) 0.00000% 0.00 0.00 52,167.02 52,095.01 98.27392945%
W-IO (1) 0.74597% 63,482,304.70 54,730,390.30 0.00 0.00 37.80781654%
W-IO (2) 0.59474% 354,111,285.43 314,282,032.71 0.00 0.00 48.16942985%
W-IO (3) 0.66210% 34,394,451.32 30,871,651.69 0.00 0.00 60.74335358%
SES (1) 0.00000% 63,482,304.70 54,730,390.30 0.00 0.00 37.80781635%
SES (2) 0.00000% 368,682,694.47 328,356,102.39 0.00 0.00 49.14610537%
SES (3) 0.00000% 36,277,595.89 32,752,234.91 0.00 0.00 62.10578326%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 54,555,836.73
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 54,555,836.73
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 20,689.54
Payment of Interest and Principal 54,535,147.19
Total Withdrawals (Pool Distribution Amount) 54,555,836.73
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 19,518.38
Trustee Fee - Wells Fargo Bank, N.A. 1,171.16
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 20,689.54
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
2,589,678.24 0.00 0.00 0.00 2,589,678.24
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 1 0 0 0 1
524,416.64 0.00 0.00 0.00 524,416.64
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
3,114,094.88 0.00 0.00 0.00 3,114,094.88
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 0.708383% 0.000000% 0.000000% 0.000000% 0.708383%
0.622188% 0.000000% 0.000000% 0.000000% 0.622188%
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 0.118064% 0.000000% 0.000000% 0.000000% 0.118064%
0.125995% 0.000000% 0.000000% 0.000000% 0.125995%
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 0.826446% 0.000000% 0.000000% 0.000000% 0.826446%
0.748183% 0.000000% 0.000000% 0.000000% 0.748183%
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
376,464.67 0.00 0.00 0.00 376,464.67
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
376,464.67 0.00 0.00 0.00 376,464.67
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.840336% 0.000000% 0.000000% 0.000000% 0.840336%
0.686943% 0.000000% 0.000000% 0.000000% 0.686943%
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 0.840336% 0.000000% 0.000000% 0.000000% 0.840336%
0.686943% 0.000000% 0.000000% 0.000000% 0.686943%
<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 5 0 0 0 5
2,213,213.57 0.00 0.00 0.00 2,213,213.57
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 1 0 0 0 1
524,416.64 0.00 0.00 0.00 524,416.64
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
2,737,630.21 0.00 0.00 0.00 2,737,630.21
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.755287% 0.000000% 0.000000% 0.000000% 0.755287%
0.673463% 0.000000% 0.000000% 0.000000% 0.673463%
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 0.151057% 0.000000% 0.000000% 0.000000% 0.151057%
0.159576% 0.000000% 0.000000% 0.000000% 0.159576%
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 0.906344% 0.000000% 0.000000% 0.000000% 0.906344%
0.833039% 0.000000% 0.000000% 0.000000% 0.833039%
<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 16,313.46
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 4.978639%
Weighted Average Pass-Through Rate 4.708699%
Weighted Average Maturity(Stepdown Calculation ) 345
Beginning Scheduled Collateral Loan Count 950
Number Of Loans Paid In Full 103
Ending Scheduled Collateral Loan Count 847
Beginning Scheduled Collateral Balance 468,442,595.06
Ending Scheduled Collateral Balance 415,838,727.60
Ending Actual Collateral Balance at 30-Apr-2004 416,221,145.32
Monthly P &I Constant 2,454,514.96
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 54,292,405.99
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 415,838,727.60
Scheduled Principal 511,009.55
Unscheduled Principal 52,092,857.91
Miscellaneous Reporting
Total Senior Percentage 95.152452%
Aggregate Subordinate Percentage 4.847549%
Group Level Collateral Statement
Group 1 2 3
Collateral Description Mixed ARM Mixed ARM Mixed ARM
Weighted Average Coupon Rate 4.551968 5.006398 5.443159
Weighted Average Net Rate 4.301968 4.756398 5.193160
Weighted Average Maturity 344 345 345
Beginning Loan Count 136 742 72
Loans Paid In Full 17 80 6
Ending Loan Count 119 662 66
Beginning Scheduled Balance 63,482,304.70 368,682,694.47 36,277,595.89
Ending scheduled Balance 54,730,390.30 328,356,102.39 32,752,234.91
Record Date 04/30/2004 04/30/2004 04/30/2004
Principal And Interest Constant 333,381.05 1,911,675.00 209,458.91
Scheduled Principal 92,573.22 373,531.37 44,904.96
Unscheduled Principal 8,659,341.18 39,953,060.71 3,480,456.02
Scheduled Interest 240,807.83 1,538,143.63 164,553.95
Servicing Fees 13,225.47 76,808.93 7,557.81
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 158.74 921.73 90.69
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 6,612.75 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 220,810.87 1,460,412.97 156,905.45
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 4.173968 4.753398 5.190159
Group Level Collateral Statement
Group Total
Collateral Description Mixed ARM
Weighted Average Coupon Rate 4.978639
Weighted Average Net Rate 4.728639
Weighted Average Maturity 345
Beginning Loan Count 950
Loans Paid In Full 103
Ending Loan Count 847
Beginning Scheduled Balance 468,442,595.06
Ending scheduled Balance 415,838,727.60
Record Date 04/30/2004
Principal And Interest Constant 2,454,514.96
Scheduled Principal 511,009.55
Unscheduled Principal 52,092,857.91
Scheduled Interest 1,943,505.41
Servicing Fees 97,592.21
Master Servicing Fees 0.00
Trustee Fee 1,171.16
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 6,612.75
Pool Insurance Fee 0.00
Spread Fee 1 0.00
Spread Fee 2 0.00
Spread Fee 3 0.00
Net Interest 1,838,129.29
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 4.708699
Miscellaneous Reporting
Group 1
CPR 82.840067%
Group 1 Subordinate Percentage 5.946247%
Group 1 Subordinate Prepayment % 0.000000%
Group 1 Senior Prepayment Percentage 100.000000%
Group 1 Senior Percentage 94.053753%
Group 2
CPR 74.788957%
Group 2 Subordinate Percentage 4.760438%
Group 2 Subordinate Prepayment % 0.000000%
Group 2 Senior Prepayment Percentage 100.000000%
Group 2 Senior Percentage 95.239562%
Group 3
CPR 70.236486%
Group 3 Subordinate Percentage 3.806475%
Group 3 Subordinate Prepayment % 0.000000%
Group 3 Senior Prepayment Percentage 100.000000%
Group 3 Senior Percentage 96.193525%