UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
Form 8-K/A
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 26, 2004
BANC OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2003-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, 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
An amendment is being filed because the 8K for the January 26, 2004 distribution
had the incorrect monthly distribution report attached. The December 2003
distribution report was filed in lieu of the January 2004 report. The January
2004 report is included herewith.
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 Amended monthly report distributed to
holders of Mortgage Pass-Through
Certificates, Series 2003-I Trust,
relating to the January 26, 2004
distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BANC OF AMERICA MORTGAGE SECURITIES, INC.
Mortgage Pass-Through Certificates, Series 2003-I 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: 6/7/04
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Amended monthly report distributed to holders of Mortgage
Pass-Through Certificates, Series 2003-I Trust,
relating to the January 26, 2004 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 12/31/03
Distribution Date: 1/26/04
BAM Series: 2003-I
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-A-1 05948XUT6 SEN 3.34359% 246,677,347.29 687,324.17 8,531,564.45
1-A-R 05948XUU3 SEN 3.33772% 0.00 0.00 0.00
1-A-MR 05948XUV1 SEN 3.33772% 0.00 0.00 0.00
1-A-LR 05948XUW9 SEN 3.33772% 0.00 0.00 0.00
2-A-1 05948XUX7 SEN 1.58300% 137,635,818.43 181,564.58 13,606,689.65
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 4.25741% 86,608,000.00 307,271.30 0.00
2-A-6 05948XVC2 SEN 4.25741% 230,070,000.00 816,251.49 0.00
2-A-7 05948XVD0 SEN 3.75700% 50,000,000.00 156,541.66 0.00
2-A-IO 05948XVE8 IO 1.29550% 0.00 444,522.88 0.00
3-A-1 05948XVF5 SEN 4.56894% 166,260,359.62 633,027.43 1,076,298.55
B-1 05948XVG3 SUB 4.09556% 15,130,482.47 51,639.82 17,761.37
B-2 05948XVH1 SUB 4.09556% 7,262,791.03 24,787.66 8,525.64
B-3 05948XVJ7 SUB 4.09556% 4,841,196.33 16,522.84 5,682.98
B-4 05948XVK4 SUB 4.09556% 1,815,697.76 6,196.91 2,131.41
B-5 05948XVL2 SUB 4.09556% 1,815,697.76 6,196.91 2,131.41
B-6 05948XVM0 SUB 4.09556% 2,421,209.04 8,263.50 2,842.21
SES 05948XVN8 SEN 0.00000% 0.00 228,277.15 0.00
1-IO 05948XVP3 IO 0.44500% 0.00 94,268.53 0.00
Totals 1,174,658,599.73 4,340,871.36 23,253,627.67
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-A-1 0.00 238,145,782.83 9,218,888.62 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 0.00 124,029,128.78 13,788,254.23 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 86,608,000.00 307,271.30 0.00
2-A-6 0.00 230,070,000.00 816,251.49 0.00
2-A-7 0.00 50,000,000.00 156,541.66 0.00
2-A-IO 0.00 0.00 444,522.88 0.00
3-A-1 0.00 165,184,061.07 1,709,325.98 0.00
B-1 0.00 15,112,721.11 69,401.19 0.00
B-2 0.00 7,254,265.39 33,313.30 0.00
B-3 0.00 4,835,513.35 22,205.82 0.00
B-4 0.00 1,813,566.35 8,328.32 0.00
B-5 0.00 1,813,566.35 8,328.32 0.00
B-6 0.00 2,418,366.84 11,105.71 0.00
SES 0.00 0.00 228,277.15 0.00
1-IO 0.00 0.00 94,268.53 0.00
Totals 0.00 1,151,404,972.07 27,594,499.03 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-1 267,438,000.00 246,677,347.29 366,505.77 8,165,058.68 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-1 152,746,000.00 137,635,818.43 737,776.95 12,868,912.70 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-1 170,194,000.00 166,260,359.62 230,810.41 845,488.14 0.00 0.00
B-1 15,183,000.00 15,130,482.47 17,761.37 0.00 0.00 0.00
B-2 7,288,000.00 7,262,791.03 8,525.64 0.00 0.00 0.00
B-3 4,858,000.00 4,841,196.33 5,682.98 0.00 0.00 0.00
B-4 1,822,000.00 1,815,697.76 2,131.41 0.00 0.00 0.00
B-5 1,822,000.00 1,815,697.76 2,131.41 0.00 0.00 0.00
B-6 2,429,613.00 2,421,209.04 2,842.21 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 1,174,658,599.73 1,374,168.15 21,879,459.52 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 8,531,564.45 238,145,782.83 0.89047100 8,531,564.45
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 13,606,689.65 124,029,128.78 0.81199592 13,606,689.65
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 1,076,298.55 165,184,061.07 0.97056336 1,076,298.55
B-1 17,761.37 15,112,721.11 0.99537121 17,761.37
B-2 8,525.64 7,254,265.39 0.99537121 8,525.64
B-3 5,682.98 4,835,513.35 0.99537121 5,682.98
B-4 2,131.41 1,813,566.35 0.99537121 2,131.41
B-5 2,131.41 1,813,566.35 0.99537121 2,131.41
B-6 2,842.21 2,418,366.84 0.99537121 2,842.21
SES 0.00 0.00 0.00000000 0.00
1-IO 0.00 0.00 0.00000000 0.00
Totals 23,253,627.67 1,151,404,972.07 0.94798712 23,253,627.67
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-1 267,438,000.00 922.37209106 1.37043266 30.53066012 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-1 152,746,000.00 901.07641725 4.83009015 84.25040721 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-1 170,194,000.00 976.88731459 1.35616068 4.96779052 0.00000000
B-1 15,183,000.00 996.54103076 1.16981954 0.00000000 0.00000000
B-2 7,288,000.00 996.54103046 1.16981888 0.00000000 0.00000000
B-3 4,858,000.00 996.54103129 1.16981886 0.00000000 0.00000000
B-4 1,822,000.00 996.54103183 1.16981888 0.00000000 0.00000000
B-5 1,822,000.00 996.54103183 1.16981888 0.00000000 0.00000000
B-6 2,429,613.00 996.54102937 1.16982005 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 31.90109278 890.47099825 0.89047100 31.90109278
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 89.08049736 811.99591989 0.81199592 89.08049736
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 6.32395120 970.56336340 0.97056336 6.32395120
B-1 0.00000000 1.16981954 995.37121188 0.99537121 1.16981954
B-2 0.00000000 1.16981888 995.37121158 0.99537121 1.16981888
B-3 0.00000000 1.16981886 995.37121243 0.99537121 1.16981886
B-4 0.00000000 1.16981888 995.37121295 0.99537121 1.16981888
B-5 0.00000000 1.16981888 995.37121295 0.99537121 1.16981888
B-6 0.00000000 1.16982005 995.37121344 0.99537121 1.16982005
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 3.34359% 246,677,347.29 687,324.17 0.00 0.00
1-A-R 50.00 3.33772% 0.00 0.00 0.00 0.00
1-A-MR 25.00 3.33772% 0.00 0.00 0.00 0.00
1-A-LR 25.00 3.33772% 0.00 0.00 0.00 0.00
2-A-1 152,746,000.00 1.58300% 137,635,818.43 181,564.58 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 4.25741% 86,608,000.00 307,271.31 0.00 0.00
2-A-6 230,070,000.00 4.25741% 230,070,000.00 816,251.49 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 1.29550% 411,755,818.43 444,522.88 0.00 0.00
3-A-1 170,194,000.00 4.56894% 166,260,359.62 633,027.44 0.00 0.00
B-1 15,183,000.00 4.09556% 15,130,482.47 51,639.82 0.00 0.00
B-2 7,288,000.00 4.09556% 7,262,791.03 24,787.66 0.00 0.00
B-3 4,858,000.00 4.09556% 4,841,196.33 16,522.84 0.00 0.00
B-4 1,822,000.00 4.09556% 1,815,697.76 6,196.91 0.00 0.00
B-5 1,822,000.00 4.09556% 1,815,697.76 6,196.91 0.00 0.00
B-6 2,429,613.00 4.09556% 2,421,209.04 8,263.50 0.00 0.00
SES 0.00 0.00000% 1,174,658,600.52 0.00 0.00 0.00
1-IO 0.00 0.44500% 254,207,266.05 94,268.53 0.00 0.00
Totals 1,214,578,713.00 4,112,594.25 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 0.00 687,324.17 0.00 238,145,782.83
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 0.00 181,564.58 0.00 124,029,128.78
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 0.00 307,271.30 0.00 86,608,000.00
2-A-6 0.01 0.00 816,251.49 0.00 230,070,000.00
2-A-7 0.00 0.00 156,541.66 0.00 50,000,000.00
2-A-IO 0.00 0.00 444,522.88 0.00 398,149,128.78
3-A-1 0.01 0.00 633,027.43 0.00 165,184,061.07
B-1 0.00 0.00 51,639.82 0.00 15,112,721.11
B-2 0.00 0.00 24,787.66 0.00 7,254,265.39
B-3 0.00 0.00 16,522.84 0.00 4,835,513.35
B-4 0.00 0.00 6,196.91 0.00 1,813,566.35
B-5 0.00 0.00 6,196.91 0.00 1,813,566.35
B-6 0.00 0.00 8,263.50 0.00 2,418,366.84
SES 0.00 0.00 228,277.15 0.00 1,151,404,972.84
1-IO 0.00 0.00 94,268.53 0.00 245,664,513.87
Totals 0.03 0.00 4,340,871.36 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 3.34359% 922.37209106 2.57003182 0.00000000 0.00000000
1-A-R 50.00 3.33772% 0.00000000 0.00000000 0.00000000 0.00000000
1-A-MR 25.00 3.33772% 0.00000000 0.00000000 0.00000000 0.00000000
1-A-LR 25.00 3.33772% 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 152,746,000.00 1.58300% 901.07641725 1.18866995 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 4.25741% 1000.00000000 3.54783981 0.00000000 0.00000000
2-A-6 230,070,000.00 4.25741% 1000.00000000 3.54783974 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 1.29550% 964.60204943 1.04136399 0.00000000 0.00000000
3-A-1 170,194,000.00 4.56894% 976.88731459 3.71944628 0.00000000 0.00000000
B-1 15,183,000.00 4.09556% 996.54103076 3.40116051 0.00000000 0.00000000
B-2 7,288,000.00 4.09556% 996.54103046 3.40116081 0.00000000 0.00000000
B-3 4,858,000.00 4.09556% 996.54103129 3.40116097 0.00000000 0.00000000
B-4 1,822,000.00 4.09556% 996.54103183 3.40115807 0.00000000 0.00000000
B-5 1,822,000.00 4.09556% 996.54103183 3.40115807 0.00000000 0.00000000
B-6 2,429,613.00 4.09556% 996.54102937 3.40115895 0.00000000 0.00000000
SES 0.00 0.00000% 946.10078884 0.00000000 0.00000000 0.00000000
1-IO 0.00 0.44500% 924.38656351 0.34279336 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 2.57003182 0.00000000 890.47099825
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 1.18866995 0.00000000 811.99591989
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 3.54783969 0.00000000 1000.00000000
2-A-6 0.00000004 0.00000000 3.54783974 0.00000000 1000.00000000
2-A-7 0.00000000 0.00000000 3.13083320 0.00000000 1000.00000000
2-A-IO 0.00000000 0.00000000 1.04136399 0.00000000 932.72626253
3-A-1 0.00000006 0.00000000 3.71944622 0.00000000 970.56336340
B-1 0.00000000 0.00000000 3.40116051 0.00000000 995.37121188
B-2 0.00000000 0.00000000 3.40116081 0.00000000 995.37121158
B-3 0.00000000 0.00000000 3.40116097 0.00000000 995.37121243
B-4 0.00000000 0.00000000 3.40115807 0.00000000 995.37121295
B-5 0.00000000 0.00000000 3.40115807 0.00000000 995.37121295
B-6 0.00000000 0.00000000 3.40115895 0.00000000 995.37121344
SES 0.00000000 0.00000000 0.18386039 0.00000000 927.37170834
1-IO 0.00000000 0.00000000 0.34279336 0.00000000 893.32212757
<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% 254,207,266.05 245,664,513.87 0.00 0.00 89.33221276%
SES-2 0.00000% 749,396,955.95 735,769,034.28 0.00 0.00 96.23305501%
SES-3 0.00000% 171,054,378.52 169,971,424.69 0.00 0.00 9.71261005%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 27,645,203.04
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 27,645,203.04
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 50,704.01
Payment of Interest and Principal 27,594,499.03
Total Withdrawals (Pool Distribution Amount) 27,645,203.04
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 48,746.25
Trustee Fee - Wells Fargo Bank, N.A. 1,957.76
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 50,704.01
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 15 0 0 0 15
8,684,243.02 0.00 0.00 0.00 8,684,243.02
60 Days 1 0 0 0 1
474,772.18 0.00 0.00 0.00 474,772.18
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 1 0 0 0 1
413,590.92 0.00 0.00 0.00 413,590.92
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 17 0 0 0 17
9,572,606.12 0.00 0.00 0.00 9,572,606.12
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 0.689338% 0.000000% 0.000000% 0.000000% 0.689338%
0.753503% 0.000000% 0.000000% 0.000000% 0.753503%
60 Days 0.045956% 0.000000% 0.000000% 0.000000% 0.045956%
0.041194% 0.000000% 0.000000% 0.000000% 0.041194%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.045956% 0.000000% 0.000000% 0.000000% 0.045956%
0.035886% 0.000000% 0.000000% 0.000000% 0.035886%
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 0.781250% 0.000000% 0.000000% 0.000000% 0.781250%
0.830583% 0.000000% 0.000000% 0.000000% 0.830583%
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
2,155,411.16 0.00 0.00 0.00 2,155,411.16
60 Days 1 0 0 0 1
474,772.18 0.00 0.00 0.00 474,772.18
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 1 0 0 0 1
413,590.92 0.00 0.00 0.00 413,590.92
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
3,043,774.26 0.00 0.00 0.00 3,043,774.26
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.842105% 0.000000% 0.000000% 0.000000% 0.842105%
0.876274% 0.000000% 0.000000% 0.000000% 0.876274%
60 Days 0.210526% 0.000000% 0.000000% 0.000000% 0.210526%
0.193017% 0.000000% 0.000000% 0.000000% 0.193017%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.210526% 0.000000% 0.000000% 0.000000% 0.210526%
0.168144% 0.000000% 0.000000% 0.000000% 0.168144%
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 1.263158% 0.000000% 0.000000% 0.000000% 1.263158%
1.237435% 0.000000% 0.000000% 0.000000% 1.237435%
<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 9 0 0 0 9
5,393,955.06 0.00 0.00 0.00 5,393,955.06
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 9 0 0 0 9
5,393,955.06 0.00 0.00 0.00 5,393,955.06
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.658858% 0.000000% 0.000000% 0.000000% 0.658858%
0.732499% 0.000000% 0.000000% 0.000000% 0.732499%
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 0.658858% 0.000000% 0.000000% 0.000000% 0.658858%
0.732499% 0.000000% 0.000000% 0.000000% 0.732499%
<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 2 0 0 0 2
1,134,876.80 0.00 0.00 0.00 1,134,876.80
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
1,134,876.80 0.00 0.00 0.00 1,134,876.80
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.597015% 0.000000% 0.000000% 0.000000% 0.597015%
0.666930% 0.000000% 0.000000% 0.000000% 0.666930%
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 0.597015% 0.000000% 0.000000% 0.000000% 0.597015%
0.666930% 0.000000% 0.000000% 0.000000% 0.666930%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 48,143.28
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 4.480368%
Weighted Average Net Coupon 4.203317%
Weighted Average Pass-Through Rate 4.201317%
Weighted Average Maturity(Stepdown Calculation ) 351
Beginning Scheduled Collateral Loan Count 2,212
Number Of Loans Paid In Full 36
Ending Scheduled Collateral Loan Count 2,176
Beginning Scheduled Collateral Balance 1,174,658,600.52
Ending Scheduled Collateral Balance 1,151,404,972.84
Ending Actual Collateral Balance at 31-Dec-2003 1,152,516,171.47
Monthly P &I Constant 5,759,920.65
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 1,151,404,972.84
Scheduled Principal 1,374,168.16
Unscheduled Principal 21,879,459.52
Miscellaneous Reporting
Total Senior % 97.166234%
Aggregate Subordinate % 2.833766%
Group Level Collateral Statement
Group Group 1 Group 2 Group 3
Collateral Description Mixed ARM Mixed ARM Mixed ARM
Weighted Average Coupon Rate 4.165594 4.509408 4.820936
Weighted Average Net Rate 3.915595 4.259408 4.570936
Weighted Average Maturity 352 353 350
Beginning Loan Count 491 1,385 336
Loans Paid In Full 16 19 1
Ending Loan Count 475 1,366 335
Beginning Scheduled Balance 254,207,266.05 749,396,955.95 171,054,378.52
Ending scheduled Balance 245,664,513.87 735,769,034.28 169,971,424.69
Record Date 12/31/2003 12/31/2003 12/31/2003
Principal And Interest Constant 1,260,130.48 3,575,122.65 924,667.52
Scheduled Principal 377,693.50 759,008.97 237,465.69
Unscheduled Principal 8,165,058.68 12,868,912.70 845,488.14
Scheduled Interest 882,436.98 2,816,113.68 687,201.83
Servicing Fees 52,959.82 156,124.38 35,636.34
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 423.67 1,248.97 285.12
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 26,479.92 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 802,573.57 2,658,740.33 651,280.37
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 3.788594 4.257408 4.568936
Group Level Collateral Statement
Group Total
Collateral Description Mixed ARM
Weighted Average Coupon Rate 4.480368
Weighted Average Net Rate 4.203317
Weighted Average Maturity 351
Beginning Loan Count 2,212
Loans Paid In Full 36
Ending Loan Count 2,176
Beginning Scheduled Balance 1,174,658,600.52
Ending scheduled Balance 1,151,404,972.84
Record Date 12/31/2003
Principal And Interest Constant 5,759,920.65
Scheduled Principal 1,374,168.16
Unscheduled Principal 21,879,459.52
Scheduled Interest 4,385,752.49
Servicing Fees 244,720.54
Master Servicing Fees 0.00
Trustee Fee 1,957.76
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 26,479.92
Pool Insurance Fee 0.00
Spread Fee 1 0.00
Spread Fee 2 0.00
Spread Fee 3 0.00
Net Interest 4,112,594.27
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 4.201317
Miscellaneous Reporting
Group Group 1
CPR 32.453553%
Senior % 97.037882%
Senior Prepayment % 100.000000%
Subordinate % 2.962118%
Subordinate Prepayment % 0.000000%
Group Group 2
CPR 18.785041%
Senior % 97.202666%
Senior Prepayment % 100.000000%
Subordinate % 2.797334%
Subordinate Prepayment % 0.000000%
Group Group 3
CPR 5.780553%
Senior % 97.197371%
Senior Prepayment % 100.000000%
Subordinate % 2.802629%
Subordinate Prepayment % 0.000000%