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 - April 30, 2003
                         -------------------------------
                        (Date of Earliest Event Reported)



                              EQUITY ONE ABS, INC.
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     (as depositor under a certain Pooling and Servicing Agreement dated as
                of March 31, 2003, providing for the issuance of
               Mortgage Pass-Through Certificates, Series 2003-2)
             (Exact Name of Registrant as specified in its charter)



        Delaware                   333-81506-06                 52-2029487
- ------------------------      ---------------------      -----------------------
(State of Incorporation)      (Commission File No.)      (IRS Employer I.D. No.)

     103 Springer Building, 3411 Silverside Road, Wilmington, Delaware 19803
     -----------------------------------------------------------------------
                    (Address of principal executive offices)


Registrant's telephone number, including area code:   (302) 478-6160


Item 5.  Other Events.
- ----------------------

     In connection with the issuance of its Mortgage Pass-Through  Certificates,
Series 2003-2,  on April 30, 2003,  Equity One ABS, Inc.  entered into a Pooling
and Servicing  Agreement  dated as of March 31, 2003 (the "Pooling and Servicing
Agreement"),  by and among  Equity One ABS,  Inc.,  a Delaware  corporation,  as
depositor,  Equity  One,  Inc.,  a  Delaware  corporation,  as a  seller  and as
servicer,  Equity One,  Incorporated,  a  Pennsylvania  corporation,  as seller,
Equity One, Inc., a Minnesota  corporation,  as seller, Equity One Consumer Loan
Company,  Inc.,  a New  Hampshire  corporation,  as  seller,  Popular  Financial
Services,  LLC, a Delaware limited liability  company,  as seller,  and JPMorgan
Chase  Bank,  a New York  banking  corporation,  as  trustee.  The  Pooling  and
Servicing Agreement is annexed hereto as Exhibit 99.1.

Item 7.   Financial Statements, Pro Forma Financial Information and Exhibits.
- -----------------------------------------------------------------------------

     (a)  Not applicable.

     (b)  Not applicable.

     (c)  Exhibits:

          99.1 Pooling and Servicing Agreement dated as of March 31, 2003












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*  Capitalized  terms  used and not  otherwise  defined  herein  shall  have the
meanings  assigned to them in the prospectus dated April 23, 2003 and prospectus
supplement  dated  April 23,  2003,  of Equity One ABS,  Inc.,  relating  to its
Mortgage Pass-Through Certificates, Series 2003-2.

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                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.



                                        EQUITY ONE ABS, INC.


                                        By:/s/ James H. Jenkins
                                           -------------------------------------
                                           James H. Jenkins
                                           Senior Vice President and CFO


Dated:  April 30, 2003

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Exhibit Index
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Exhibit
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99.1 Pooling and Servicing Agreement dated as of March 31, 2003









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