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): July 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 July 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
July 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: 7/26/04
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 July 26, 2004 distribution.
EX-99.1
Banc of America Mortgage Securities, Inc.
Mortgage Pass-Through Certificates
Record Date: 6/30/04
Distribution Date: 7/26/04
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% 45,527,568.98 130,057.10 4,170,872.96
1-A2 05948XBP5 SEN 3.42800% 1,239,506.88 3,540.86 113,553.74
1-AR 05948XBQ3 SEN 3.42800% 0.00 0.00 0.00
1-ALR 05948XBR1 SEN 3.42800% 0.00 0.07 0.00
2-A1 05948XBS9 SEN 4.18300% 72,439,658.17 252,512.59 3,008,722.23
2-A2 05948XBT7 SEN 3.60100% 17,019,596.63 51,072.98 706,895.09
2-A3 05948XBU4 SEN 3.87600% 31,911,743.69 103,074.94 1,325,428.30
2-A4 05948XBV2 SEN 4.34100% 141,825,149.72 513,052.51 5,890,592.14
2-A5 05948XBW0 SEN 4.18300% 12,764,697.47 44,495.61 530,171.32
2-A6 05948XBX8 SEN 4.18300% 348,050.75 1,213.25 14,456.00
3-A1 05948XBY6 SEN 4.56900% 29,694,765.74 113,062.83 1,471,725.98
AP 05948XBZ3 PO 0.00000% 961,161.77 0.00 27,070.76
B-1 05948XCA7 SUB 4.08768% 10,554,795.36 35,953.84 264,000.06
B-2 05948XCB5 SUB 4.08768% 4,059,103.81 13,826.93 101,527.66
B-3 05948XCC3 SUB 4.08768% 2,840,809.95 9,676.93 71,055.29
B-4 05948XCD1 SUB 4.08768% 1,624,391.82 5,533.33 40,629.83
B-5 05948XCE9 SUB 4.08768% 1,217,356.00 4,146.80 30,448.91
B-6 05948XCF6 SUB 4.08768% 1,218,277.92 4,149.94 30,471.97
W-IO 05948XCH2 SEN 0.62293% 0.00 186,525.31 0.00
SES 05948XCG4 SEN 0.00000% 0.00 70,397.20 0.00
Totals 375,246,634.66 1,542,293.02 17,797,622.24
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 41,356,696.02 4,300,930.06 0.00
1-A2 0.00 1,125,953.14 117,094.60 0.00
1-AR 0.00 0.00 0.00 0.00
1-ALR 0.00 0.00 0.07 0.00
2-A1 0.00 69,430,935.93 3,261,234.82 0.00
2-A2 0.00 16,312,701.54 757,968.07 0.00
2-A3 0.00 30,586,315.39 1,428,503.24 0.00
2-A4 0.00 135,934,557.57 6,403,644.65 0.00
2-A5 0.00 12,234,526.16 574,666.93 0.00
2-A6 0.00 333,594.75 15,669.25 0.00
3-A1 0.00 28,223,039.76 1,584,788.81 0.00
AP 0.00 934,091.01 27,070.76 0.00
B-1 0.00 10,290,795.30 299,953.90 0.00
B-2 0.00 3,957,576.15 115,354.59 0.00
B-3 0.00 2,769,754.66 80,732.22 0.00
B-4 0.00 1,583,761.99 46,163.16 0.00
B-5 0.00 1,186,907.08 34,595.71 0.00
B-6 0.00 1,187,805.95 34,621.91 0.00
W-IO 0.00 0.00 186,525.31 0.00
SES 0.00 0.00 70,397.20 0.00
Totals 0.00 357,449,012.40 19,339,915.26 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 45,527,568.98 67,918.20 4,102,954.76 0.00 0.00
1-A2 3,735,000.00 1,239,506.88 1,849.10 111,704.64 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 72,439,658.17 73,452.76 2,935,269.48 0.00 0.00
2-A2 40,000,000.00 17,019,596.63 17,257.62 689,637.47 0.00 0.00
2-A3 75,000,000.00 31,911,743.69 32,358.04 1,293,070.25 0.00 0.00
2-A4 333,322,000.00 141,825,149.72 143,808.63 5,746,783.51 0.00 0.00
2-A5 30,000,000.00 12,764,697.47 12,943.22 517,228.10 0.00 0.00
2-A6 818,000.00 348,050.75 352.92 14,103.09 0.00 0.00
3-A1 51,285,000.00 29,694,765.74 37,107.97 1,434,618.01 0.00 0.00
AP 1,079,908.00 961,161.77 1,468.58 25,602.18 0.00 0.00
B-1 11,254,000.00 10,554,795.36 11,705.31 252,294.75 0.00 0.00
B-2 4,328,000.00 4,059,103.81 4,501.56 97,026.10 0.00 0.00
B-3 3,029,000.00 2,840,809.95 3,150.47 67,904.82 0.00 0.00
B-4 1,732,000.00 1,624,391.82 1,801.46 38,828.37 0.00 0.00
B-5 1,298,000.00 1,217,356.00 1,350.05 29,098.86 0.00 0.00
B-6 1,298,983.00 1,218,277.92 1,351.07 29,120.90 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 865,617,991.00 375,246,634.66 412,376.96 17,385,245.29 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 4,170,872.96 41,356,696.02 0.30146001 4,170,872.96
1-A2 113,553.74 1,125,953.14 0.30146001 113,553.74
1-AR 0.00 0.00 0.00000000 0.00
1-ALR 0.00 0.00 0.00000000 0.00
2-A1 3,008,722.23 69,430,935.93 0.40781754 3,008,722.23
2-A2 706,895.09 16,312,701.54 0.40781754 706,895.09
2-A3 1,325,428.30 30,586,315.39 0.40781754 1,325,428.30
2-A4 5,890,592.14 135,934,557.57 0.40781754 5,890,592.14
2-A5 530,171.32 12,234,526.16 0.40781754 530,171.32
2-A6 14,456.00 333,594.75 0.40781754 14,456.00
3-A1 1,471,725.98 28,223,039.76 0.55031763 1,471,725.98
AP 27,070.76 934,091.01 0.86497277 27,070.76
B-1 264,000.06 10,290,795.30 0.91441224 264,000.06
B-2 101,527.66 3,957,576.15 0.91441223 101,527.66
B-3 71,055.29 2,769,754.66 0.91441224 71,055.29
B-4 40,629.83 1,583,761.99 0.91441223 40,629.83
B-5 30,448.91 1,186,907.08 0.91441223 30,448.91
B-6 30,471.97 1,187,805.95 0.91441224 30,471.97
W-IO 0.00 0.00 0.00000000 0.00
SES 0.00 0.00 0.00000000 0.00
Totals 17,797,622.24 357,449,012.40 0.41294083 17,797,622.24
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 137,188,000.00 331.86261903 0.49507391 29.90753390 0.00000000
1-A2 3,735,000.00 331.86261847 0.49507363 29.90753414 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 170,250,000.00 425.48991583 0.43144059 17.24093674 0.00000000
2-A2 40,000,000.00 425.48991575 0.43144050 17.24093675 0.00000000
2-A3 75,000,000.00 425.48991587 0.43144053 17.24093667 0.00000000
2-A4 333,322,000.00 425.48991582 0.43144056 17.24093672 0.00000000
2-A5 30,000,000.00 425.48991567 0.43144067 17.24093667 0.00000000
2-A6 818,000.00 425.48991443 0.43144254 17.24094132 0.00000000
3-A1 51,285,000.00 579.01463859 0.72356381 27.97344272 0.00000000
AP 1,079,908.00 890.04042011 1.35991214 23.70774177 0.00000000
B-1 11,254,000.00 937.87056691 1.04010219 22.41822907 0.00000000
B-2 4,328,000.00 937.87056608 1.04010166 22.41823013 0.00000000
B-3 3,029,000.00 937.87056784 1.04010234 22.41823044 0.00000000
B-4 1,732,000.00 937.87056582 1.04010393 22.41822748 0.00000000
B-5 1,298,000.00 937.87057011 1.04010015 22.41822804 0.00000000
B-6 1,298,983.00 937.87056490 1.04009829 22.41823026 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 30.40260781 301.46001123 0.30146001 30.40260781
1-A2 0.00000000 30.40260776 301.46001071 0.30146001 30.40260776
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 17.67237727 407.81753850 0.40781754 17.67237727
2-A2 0.00000000 17.67237725 407.81753850 0.40781754 17.67237725
2-A3 0.00000000 17.67237733 407.81753853 0.40781754 17.67237733
2-A4 0.00000000 17.67237728 407.81753851 0.40781754 17.67237728
2-A5 0.00000000 17.67237733 407.81753867 0.40781754 17.67237733
2-A6 0.00000000 17.67237164 407.81754279 0.40781754 17.67237164
3-A1 0.00000000 28.69700653 550.31763206 0.55031763 28.69700653
AP 0.00000000 25.06765391 864.97276620 0.86497277 25.06765391
B-1 0.00000000 23.45833126 914.41223565 0.91441224 23.45833126
B-2 0.00000000 23.45833179 914.41223429 0.91441223 23.45833179
B-3 0.00000000 23.45833278 914.41223506 0.91441224 23.45833278
B-4 0.00000000 23.45833141 914.41223441 0.91441223 23.45833141
B-5 0.00000000 23.45832820 914.41223421 0.91441223 23.45832820
B-6 0.00000000 23.45832855 914.41223634 0.91441224 23.45832855
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% 45,527,568.98 130,057.09 0.00 0.00
1-A2 3,735,000.00 3.42800% 1,239,506.88 3,540.86 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% 72,439,658.17 252,512.58 0.00 0.00
2-A2 40,000,000.00 3.60100% 17,019,596.63 51,072.97 0.00 0.00
2-A3 75,000,000.00 3.87600% 31,911,743.69 103,074.93 0.00 0.00
2-A4 333,322,000.00 4.34100% 141,825,149.72 513,052.48 0.00 0.00
2-A5 30,000,000.00 4.18300% 12,764,697.47 44,495.61 0.00 0.00
2-A6 818,000.00 4.18300% 348,050.75 1,213.25 0.00 0.00
3-A1 51,285,000.00 4.56900% 29,694,765.74 113,062.82 0.00 0.00
AP 1,079,908.00 0.00000% 961,161.77 0.00 0.00 0.00
B-1 11,254,000.00 4.08768% 10,554,795.36 35,953.84 0.00 0.00
B-2 4,328,000.00 4.08768% 4,059,103.81 13,826.93 0.00 0.00
B-3 3,029,000.00 4.08768% 2,840,809.95 9,676.93 0.00 0.00
B-4 1,732,000.00 4.08768% 1,624,391.82 5,533.33 0.00 0.00
B-5 1,298,000.00 4.08768% 1,217,356.00 4,146.80 0.00 0.00
B-6 1,298,983.00 4.08768% 1,218,277.92 4,149.94 0.00 0.00
W-IO 0.00 0.62293% 359,318,428.99 186,525.31 0.00 0.00
SES 0.00 0.00000% 375,246,636.25 0.00 0.00 0.00
Totals 865,617,991.00 1,471,895.67 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 (0.01) 0.00 130,057.10 0.00 41,356,696.02
1-A2 0.00 0.00 3,540.86 0.00 1,125,953.14
1-AR 0.00 0.00 0.00 0.00 0.00
1-ALR 0.00 0.00 0.07 0.00 0.00
2-A1 (0.02) 0.00 252,512.59 0.00 69,430,935.93
2-A2 0.00 0.00 51,072.98 0.00 16,312,701.54
2-A3 (0.01) 0.00 103,074.94 0.00 30,586,315.39
2-A4 (0.03) 0.00 513,052.51 0.00 135,934,557.57
2-A5 0.00 0.00 44,495.61 0.00 12,234,526.16
2-A6 0.00 0.00 1,213.25 0.00 333,594.75
3-A1 (0.01) 0.00 113,062.83 0.00 28,223,039.76
AP 0.00 0.00 0.00 0.00 934,091.01
B-1 0.00 0.00 35,953.84 0.00 10,290,795.30
B-2 0.00 0.00 13,826.93 0.00 3,957,576.15
B-3 0.00 0.00 9,676.93 0.00 2,769,754.66
B-4 0.00 0.00 5,533.33 0.00 1,583,761.99
B-5 0.00 0.00 4,146.80 0.00 1,186,907.08
B-6 0.00 0.00 4,149.94 0.00 1,187,805.95
W-IO 0.00 0.00 186,525.31 0.00 342,092,145.15
SES 0.00 0.00 70,397.20 0.00 357,449,014.00
Totals (0.08) 0.00 1,542,293.02 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% 331.86261903 0.94802089 0.00000000 0.00000000
1-A2 3,735,000.00 3.42800% 331.86261847 0.94802142 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% 425.48991583 1.48318696 0.00000000 0.00000000
2-A2 40,000,000.00 3.60100% 425.48991575 1.27682425 0.00000000 0.00000000
2-A3 75,000,000.00 3.87600% 425.48991587 1.37433240 0.00000000 0.00000000
2-A4 333,322,000.00 4.34100% 425.48991582 1.53920977 0.00000000 0.00000000
2-A5 30,000,000.00 4.18300% 425.48991567 1.48318700 0.00000000 0.00000000
2-A6 818,000.00 4.18300% 425.48991443 1.48319071 0.00000000 0.00000000
3-A1 51,285,000.00 4.56900% 579.01463859 2.20459823 0.00000000 0.00000000
AP 1,079,908.00 0.00000% 890.04042011 0.00000000 0.00000000 0.00000000
B-1 11,254,000.00 4.08768% 937.87056691 3.19476097 0.00000000 0.00000000
B-2 4,328,000.00 4.08768% 937.87056608 3.19476201 0.00000000 0.00000000
B-3 3,029,000.00 4.08768% 937.87056784 3.19476065 0.00000000 0.00000000
B-4 1,732,000.00 4.08768% 937.87056582 3.19476328 0.00000000 0.00000000
B-5 1,298,000.00 4.08768% 937.87057011 3.19476117 0.00000000 0.00000000
B-6 1,298,983.00 4.08768% 937.87056490 3.19476082 0.00000000 0.00000000
W-IO 0.00 0.62293% 423.70768813 0.21995033 0.00000000 0.00000000
SES 0.00 0.00000% 433.50142841 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 (0.00000007) 0.00000000 0.94802096 0.00000000 301.46001123
1-A2 0.00000000 0.00000000 0.94802142 0.00000000 301.46001071
1-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-ALR 0.00000000 0.00000000 1.40000000 0.00000000 0.00000000
2-A1 (0.00000012) 0.00000000 1.48318702 0.00000000 407.81753850
2-A2 0.00000000 0.00000000 1.27682450 0.00000000 407.81753850
2-A3 (0.00000013) 0.00000000 1.37433253 0.00000000 407.81753853
2-A4 (0.00000009) 0.00000000 1.53920986 0.00000000 407.81753851
2-A5 0.00000000 0.00000000 1.48318700 0.00000000 407.81753867
2-A6 0.00000000 0.00000000 1.48319071 0.00000000 407.81754279
3-A1 (0.00000019) 0.00000000 2.20459842 0.00000000 550.31763206
AP 0.00000000 0.00000000 0.00000000 0.00000000 864.97276620
B-1 0.00000000 0.00000000 3.19476097 0.00000000 914.41223565
B-2 0.00000000 0.00000000 3.19476201 0.00000000 914.41223429
B-3 0.00000000 0.00000000 3.19476065 0.00000000 914.41223506
B-4 0.00000000 0.00000000 3.19476328 0.00000000 914.41223441
B-5 0.00000000 0.00000000 3.19476117 0.00000000 914.41223421
B-6 0.00000000 0.00000000 3.19476082 0.00000000 914.41223634
W-IO 0.00000000 0.00000000 0.21995033 0.00000000 403.39448315
SES 0.00000000 0.00000000 0.08132594 0.00000000 412.94083193
<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 0.00 909,139.05 882,140.86 85.90345487%
AP (3) 0.00000% 0.00 0.00 52,022.72 51,950.15 98.00066025%
W-IO (1) 0.73769% 50,383,930.62 45,937,199.86 0.00 0.00 31.73347047%
W-IO (2) 0.59552% 279,724,409.31 268,447,434.75 0.00 0.00 41.14444521%
W-IO (3) 0.68750% 29,210,089.06 27,707,510.54 0.00 0.00 54.51755956%
SES (1) 0.00000% 50,383,930.62 45,937,199.86 0.00 0.00 31.73347031%
SES (2) 0.00000% 293,774,604.72 281,928,873.17 0.00 0.00 42.19719386%
SES (3) 0.00000% 31,088,100.91 29,582,940.97 0.00 0.00 56.09607177%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 19,356,488.65
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 19,356,488.65
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 16,573.39
Payment of Interest and Principal 19,339,915.26
Total Withdrawals (Pool Distribution Amount) 19,356,488.65
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 15,635.28
Trustee Fee - Wells Fargo Bank, N.A. 938.11
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 16,573.39
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 2 0 0 0 2
896,658.49 0.00 0.00 0.00 896,658.49
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
896,658.49 0.00 0.00 0.00 896,658.49
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 0.271739% 0.000000% 0.000000% 0.000000% 0.271739%
0.250615% 0.000000% 0.000000% 0.000000% 0.250615%
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 0.271739% 0.000000% 0.000000% 0.000000% 0.271739%
0.250615% 0.000000% 0.000000% 0.000000% 0.250615%
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
375,431.42 0.00 0.00 0.00 375,431.42
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
375,431.42 0.00 0.00 0.00 375,431.42
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.980392% 0.000000% 0.000000% 0.000000% 0.980392%
0.816166% 0.000000% 0.000000% 0.000000% 0.816166%
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 0.980392% 0.000000% 0.000000% 0.000000% 0.980392%
0.816166% 0.000000% 0.000000% 0.000000% 0.816166%
<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 1 0 0 0 1
521,227.07 0.00 0.00 0.00 521,227.07
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
521,227.07 0.00 0.00 0.00 521,227.07
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.174216% 0.000000% 0.000000% 0.000000% 0.174216%
0.184722% 0.000000% 0.000000% 0.000000% 0.184722%
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 0.174216% 0.000000% 0.000000% 0.000000% 0.174216%
0.184722% 0.000000% 0.000000% 0.000000% 0.184722%
<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 4,667.66
COLLATERAL STATEMENT
Collateral Description Mixed ARM
Weighted Average Gross Coupon 4.976754%
Weighted Average Pass-Through Rate 4.706971%
Weighted Average Maturity(Stepdown Calculation ) 343
Beginning Scheduled Collateral Loan Count 772
Number Of Loans Paid In Full 36
Ending Scheduled Collateral Loan Count 736
Beginning Scheduled Collateral Balance 375,246,636.25
Ending Scheduled Collateral Balance 357,449,014.00
Ending Actual Collateral Balance at 30-Jun-2004 357,782,844.54
Monthly P &I Constant 1,968,635.49
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 18,603,954.91
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 357,449,014.00
Scheduled Principal 412,376.95
Unscheduled Principal 17,385,245.30
Miscellaneous Reporting
Total Senior Percentage 94.251786%
Aggregate Subordinate Percentage 5.748215%
Group Level Collateral Statement
Group 1 2 3
Collateral Description 3 Year LIBOR Arm 5 Year LIBOR Arm 7 Year LIBOR Arm
Weighted Average Coupon Rate 4.543694 4.999854 5.460322
Weighted Average Net Rate 4.293694 4.749854 5.210323
Weighted Average Maturity 342 343 343
Beginning Loan Count 111 598 63
Loans Paid In Full 9 24 3
Ending Loan Count 102 574 60
Beginning Scheduled Balance 50,383,930.62 293,774,604.72 31,088,100.91
Ending scheduled Balance 45,937,199.86 281,928,873.17 29,582,940.97
Record Date 06/30/2004 06/30/2004 06/30/2004
Principal And Interest Constant 265,937.26 1,522,382.32 180,315.91
Scheduled Principal 75,162.94 298,357.31 38,856.70
Unscheduled Principal 4,371,567.82 11,547,374.24 1,466,303.24
Scheduled Interest 190,774.32 1,224,025.01 141,459.21
Servicing Fees 10,496.66 61,203.05 6,476.67
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 125.96 734.45 77.70
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 5,248.32 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 174,903.38 1,162,087.51 134,904.84
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 4.165694 4.746854 5.207322
Group Level Collateral Statement
Group Total
Collateral Description Mixed ARM
Weighted Average Coupon Rate 4.976754
Weighted Average Net Rate 4.726754
Weighted Average Maturity 343
Beginning Loan Count 772
Loans Paid In Full 36
Ending Loan Count 736
Beginning Scheduled Balance 375,246,636.25
Ending scheduled Balance 357,449,014.00
Record Date 06/30/2004
Principal And Interest Constant 1,968,635.49
Scheduled Principal 412,376.95
Unscheduled Principal 17,385,245.30
Scheduled Interest 1,556,258.54
Servicing Fees 78,176.38
Master Servicing Fees 0.00
Trustee Fee 938.11
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 5,248.32
Pool Insurance Fee 0.00
Spread Fee 1 0.00
Spread Fee 2 0.00
Spread Fee 3 0.00
Net Interest 1,471,895.73
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 4.706971
Miscellaneous Reporting
Group 1
CPR 66.406901%
Group 1 Subordinate Percentage 7.178588%
Group 1 Subordinate Prepayment % 3.589294%
Group 1 Senior Prepayment Percentage 96.410706%
Group 1 Senior Percentage 92.821412%
Group 2
CPR 38.226931%
Group 2 Subordinate Percentage 5.653300%
Group 2 Subordinate Prepayment % 2.826650%
Group 2 Senior Prepayment Percentage 97.173350%
Group 2 Senior Percentage 94.346700%
Group 3
CPR 44.039219%
Group 3 Subordinate Percentage 4.321784%
Group 3 Subordinate Prepayment % 2.160892%
Group 3 Senior Prepayment Percentage 97.839108%
Group 3 Senior Percentage 95.678216%