8-K 1 abn03002_200401.htm MONTHLY DISTRIBUTION STATEMENTS

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) January 26, 2004

ABN AMRO Mortgage Corporation (as depositor under the Pooling and Servicing Agreement, dated as of February 1, 2003 providing for, inter alia, the issuance of ABN AMRO Mortgage Corporation Multi-Class Mortgage Pass-Through Certificates Series 2003-2)
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation)
333-101550
(Commission
File Number)
36-3886007
(IRS Employer
Identification No.)
135 South LaSalle Street, Chicago, Illinois
(Address of principal executive offices)
60603
(Zip Code)

Registrant's telephone number, including area code 312-904-2000

(Former name or former address, if changed since last report.)

Item 5. Other Events and Regulation FD Disclosure.

This current report on Form 8-K relates to the monthly distribution reported to the holders of ABN AMRO Mortgage Corporation Multi-Class Mortgage Pass-Through Certificates Series 2003-2, which was made on January 26, 2004.

Item 7. Financial Statements and Exhibits.

(c) Exhibits

99.1 Monthly distribution report pursuant to Section 4.02 of the Pooling and Servicing Agreement for the distribution on January 26, 2004.
(Exhibit No. Description)

SIGNATURES

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.

LASALLE BANK NATIONAL ASSOCIATION IN ITS CAPACITY AS AGENT FOR THE TRUSTEE UNDER THE POOLING AND SERVICING AGREEMENT ON BEHALF OF ABN AMRO Mortgage Corporation, REGISTRANT

Date: January 27, 2004 By: /s/ Russell Goldenberg
Russell Goldenberg
Group Senior Vice President
ABN AMRO MORTGAGE CORPORATION
STATEMENT DATE: 26-JAN-04
ABN AMRO MORTGAGE GROUP, INC. PAYMENT DATE: 26-JAN-04
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES
135 S. LASALLE STREET, SUITE 1625
CHICAGO, IL 60603
USA
PRIOR PAYMENT: 26-DEC-03
SERIES 2003-2 NEXT PAYMENT: 25-FEB-04
RECORD DATE: 31-DEC-03
ABN AMRO ACCT: 67-9175-50-5
ADMINISTRATOR: REPORTING PACKAGE TABLE OF CONTENTS ANALYST:
RITA LOPEZ 312.904.0351 STEVE FERNANDEZ 714.238.6704
RITA.LOPEZ@ABNAMRO.COM STEVE.FERNANDEZ@ABNAMRO.COM
PAGE(S)
ISSUE ID: ABN03002 CLOSING DATE: 27-FEB-03
STATEMENTS TO CERTIFICATEHOLDERS PAGE 2-3
CASH RECONCILIATION SUMMARY PAGE 4 FIRST PAYMENT DATE: 25-MAR-03
MONTHLY DATA FILE NAME: BOND INTEREST RECONCILIATION PAGE 5 RATED FINAL PAYMENT: DATE: 25-MAR-18
ABN03002_200401_3.ZIP OTHER RELATED INFORMATION PAGE 6
ASSET-BACKED FACTS ~ 15 MONTH LOAN STATUS SUMMARY PAGE 7
ASSET-BACKED FACTS ~ 15 MONTH PAYOFF/LOSS SUMMARY PAGE 8
MODIFIED LOAN DETAIL PAGE 9
REALIZED LOSS DETAIL PAGE 10
PARTIES TO THE TRANSACTION
DEPOSITOR: ABN AMRO MORTGAGE CORPORATION/ABN AMRO MORTGAGE CORPORATION
UNDERWRITER: GOLDMAN SACHS & CO./GOLDMAN SACHS & CO.
MASTER SERVICER: ABN AMRO MORTGAGE GROUP, INC.
RATING AGENCY: STANDARD & POOR'S RATING SERVICES/FITCH, INC.
INFORMATION IS AVAILABLE FOR THIS ISSUE FROM THE FOLLOWING SOURCES
LASALLE WEB SITE WWW.ETRUSTEE.NET
LASALLE FACTOR LINE 800.246.5761
23-JAN-2004 - 10:09 (K424-K438, K300-K301) 2004 LASALLE BANK N.A. PAGE 1 OF 10
ABN AMRO MORTGAGE CORPORATION
ABN AMRO MORTGAGE GROUP, INC. STATEMENT DATE: 26-JAN-04
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES PAYMENT DATE: 26-JAN-04
WAC: 5.536925% SERIES 2003-2 PRIOR PAYMENT: 26-DEC-03
NEXT PAYMENT: 25-FEB-04
WAMM: 166
RECORD DATE: 31-DEC-03
CURRENT INDEX: 1.170000%
NEXT INDEX: 1.120000% REMIC III
ABN AMRO ACCT: 67-9175-50-5
ORIGINAL OPENING PRINCIPAL PRINCIPAL NEGATIVE CLOSING INTEREST INTEREST PASS-THROUGH
CLASS FACE VALUE (1) BALANCE PAYMENT ADJ. OR LOSS AMORTIZATION BALANCE PAYMENT (2) ADJUSTMENT RATE
CUSIP PER $ 1000 PER $ 1000 PER $ 1000 PER $ 1000 PER $ 1000 PER $ 1000 PER $ 1000 NEXT RATE(3)
IA-1 25,000,000.00 18,416,531.15 162,914.47 0.00 0.00 18,253,616.68 76,735.55 0.00 5.00000000%
000780BF2 736.661246000 6.516578800 0.000000000 0.000000000 730.144667200 3.069422000 0.000000000 FIXED
IA-2 55,064,963.00 39,297,291.76 390,186.66 0.00 0.00 38,907,105.10 147,364.84 0.00 4.50000000%
000780BG0 713.653285484 7.085933391 0.000000000 0.000000000 706.567352093 2.676199746 0.000000000 FIXED
IA-3 5,506,496.00 N 3,929,729.18 0.00 0.00 0.00 3,890,710.51 16,373.87 0.00 5.00000000%
000780BH8 713.653325091 0.000000000 0.000000000 0.000000000 706.567390587 2.973555234 0.000000000 5.000000000%
IA-4 4,811,037.00 4,811,037.00 0.00 0.00 0.00 4,811,037.00 20,045.99 0.00 5.00000000%
000780BJ4 1000.000000000 0.000000000 0.000000000 0.000000000 1000.000000000 4.166667186 0.000000000 FIXED
IIA-1 107,882,176.00 54,509,160.75 706,772.97 0.00 0.00 53,802,387.78 75,858.58 0.00 1.67000000%
000780BK1 505.265677530 6.551341438 0.000000000 0.000000000 498.714336092 0.703161382 0.000000000 1.620000000%
IIA-2 58,844,824.00 29,732,269.50 385,512.53 0.00 0.00 29,346,756.97 310,247.97 0.00 12.52166667%
000780BL9 505.265671285 6.551341372 0.000000000 0.000000000 498.714329913 5.272306873 0.000000000 12.613333340%
A-P 870,729.00 782,961.60 3,475.28 0.00 0.00 779,486.32 0.00 0.00 0.00000000%
000780BM7 899.202392478 3.991230337 0.000000000 0.000000000 895.211162141 0.000000000 0.000000000 N/A
A-X 1,496,503.00 N 726,541.98 0.00 0.00 0.00 713,164.54 3,329.98 0.00 5.50000000%
000780BN5 485.493166402 0.000000000 0.000000000 0.000000000 476.554032969 2.225174290 0.000000000 5.500000000%
M 1,534,000.00 1,477,235.35 5,869.63 0.00 0.00 1,471,365.72 6,561.67 0.00 5.33022600%
000780BP0 962.995664928 3.826355932 0.000000000 0.000000000 959.169308996 4.277490222 0.000000000 N/A
B-1 511,000.00 492,090.78 1,955.27 0.00 0.00 490,135.51 2,185.80 0.00 5.33022600%
000780BQ8 962.995655577 3.826360078 0.000000000 0.000000000 959.169295499 4.277495108 0.000000000 N/A
B-2 512,000.00 493,053.78 1,959.09 0.00 0.00 491,094.69 2,190.07 0.00 5.33022600%
000780BR6 962.995664063 3.826347656 0.000000000 0.000000000 959.169316406 4.277480469 0.000000000 N/A
B-3 127,000.00 122,300.43 485.95 0.00 0.00 121,814.48 543.24 0.00 5.33022600%
000780BT2 962.995511811 3.826377953 0.000000000 0.000000000 959.169133858 4.277480315 0.000000000 N/A
B-4 256,000.00 246,526.88 979.55 0.00 0.00 245,547.33 1,095.04 0.00 5.33022600%
000780BU9 962.995625000 3.826367188 0.000000000 0.000000000 959.169257813 4.277500000 0.000000000 N/A
B-5 256,313.00 246,828.31 980.74 0.00 0.00 245,847.57 1,096.38 0.00 5.33022600%
000780BV7 962.995673259 3.826337330 0.000000000 0.000000000 959.169335929 4.277504457 0.000000000 N/A
R 100.00 0.00 0.00 0.00 0.00 0.00 0.35 0.35 5.00000000%
000780BS4 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 3.500000000 3.500000000 FIXED
R-1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 N/A
9ABSK3008 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000
R-2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 N/A
9ABSK3016 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000
TOTAL 255,670,142.00 150,627,287.29 1,661,092.14 0.00 0.00 148,966,195.15 663,629.33 0.35
TOTAL P&I PAYMENT 2,324,721.47
NOTES: (1) N DENOTES NOTIONAL BALANCE NOT INCLUDED IN TOTAL (2) ACCRUED INTEREST PLUS/MINUS INTEREST ADJUSTMENT MINUS DEFERRED INTEREST EQUALS INTEREST PAYMENT (3) ESTIMATED. * DENOTES CONTROLLING CLASS
23-JAN-2004 - 10:09 (K424-K438, K300-K301) 2004 LASALLE BANK N.A. PAGE 2 OF 10
ABN AMRO MORTGAGE CORPORATION
ABN AMRO MORTGAGE GROUP, INC. STATEMENT DATE: 26-JAN-04
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES PAYMENT DATE: 26-JAN-04
PRIOR PAYMENT: 26-DEC-03
SERIES 2003-2 NEXT PAYMENT: 25-FEB-04
RECORD DATE: 31-DEC-03
ABN AMRO ACCT: 67-9175-50-5
CASH RECONCILIATION SUMMARY
INTEREST SUMMARY SERVICING FEE SUMMARY PRINCIPAL SUMMARY
CURRENT SCHEDULED INTEREST 675,795.41 CURRENT SERVICING FEES 30,526.78 SCHEDULED:
LESS DEFERRED INTEREST 0.00 PLUS FEES ADVANCED FOR PPIS 0.00 CURRENT SCHEDULED PRINCIPAL 584,266.95
PLUS ADVANCE INTEREST 18,360.69 LESS REDUCTION FOR PPIS 0.00 ADVANCED SCHEDULED PRINCIPAL 16,037.91
PLUS UNSCHEDULED INTEREST 0.00 PLUS DELINQUENT SERVICING FEES 853.91 SCHEDULED PRINCIPAL DISTRIBUTION 600,304.86
PPIS REDUCING SCHEDULED INTEREST 0.00 TOTAL SERVICING FEES 31,380.68 UNSCHEDULED:
LESS TOTAL FEES PAID TO SERVICER (30,526.78) CURTAILMENTS 66,203.61
PLUS FEES ADVANCED FOR PPIS 0.00 PREPAYMENTS IN FULL 994,583.66
LESS FEE STRIPS PAID BY SERVICER 0.00 PPIS SUMMARY LIQUIDATION PROCEEDS 0.00
LESS MISC. FEES & EXPENSES 0.00 GROSS PPIS 0.00 REPURCHASE PROCEEDS 0.00
LESS NON RECOVERABLE ADVANCES 0.00 REDUCED BY PPIE 0.00 OTHER PRINCIPAL PROCEEDS 0.00
INTEREST DUE TRUST 664,884.55 REDUCED BY SHORTFALLS IN FEES 0.00 UNSCHEDULED PRINCIPAL DISTRIBUTION 1,060,787.27
LESS TRUSTEE FEE (1,255.23) REDUCED BY OTHER AMOUNTS 0.00 REMITTANCE PRINCIPAL 1,661,092.13
LESS FEE STRIPS PAID BY TRUST 0.00 NET PPIS 0.00
LESS MISC. FEES PAID BY TRUST 0.00 PPIS REDUCING SERVICING FEE 0.00 SERVICER WIRE AMOUNT 2,325,976.68
LESS INTEREST RESERVE WITHHOLDING 0.00 PPIS ALLOCATED TO CERTIFICATES 0.00
PLUS INTEREST RESERVE DEPOSIT 0.00
REMITTANCE INTEREST 663,629.33 POOL BALANCE SUMMARY
BALANCE/AMOUNT COUNT
BEGINNING POOL 150,627,287.58 334
SCHEDULED PRINCIPAL DISTRIBUTION 600,304.86
UNSCHEDULED PRINCIPAL DISTRIBUTION 1,060,787.27 2
DEFERRED INTEREST 0.00
LIQUIDATIONS 0.00 0
REPURCHASES 0.00 0
ENDING POOL 148,966,195.45 332
ADVANCES
PRIOR OUTSTANDING CURRENT PERIOD RECOVERED ENDING OUTSTANDING
PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST PRINCIPAL INTEREST
MADE BY: SERVICER 18,203.90 21,017.67 16,037.91 18,360.69 18,203.90 21,017.67 16,037.91 18,360.69
23-JAN-2004 - 10:09 (K424-K438, K300-K301) 2004 LASALLE BANK N.A. PAGE 4 OF 10
ABN AMRO MORTGAGE CORPORATION
ABN AMRO MORTGAGE GROUP, INC. STATEMENT DATE: 26-JAN-04
PAYMENT DATE: 26-JAN-04
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES
PRIOR PAYMENT: 26-DEC-03
SERIES 2003-2
NEXT PAYMENT: 25-FEB-04
RECORD DATE: 31-DEC-03
ABN AMRO ACCT: 67-9175-50-5
BOND INTEREST RECONCILIATION
DEDUCTIONS ADDITIONS
REMAINING
ACCRUAL PASS ACCRUED
DEFERRED &
PRIOR INT ACCRUAL PREPAY- OTHER DISTRIBUTABLE INTEREST CURRENT PERIOD OUTSTANDING
CREDIT SUPPORT
THRU CERTIFICATE ALLOCABLE ACCRETION INTEREST INT. SHORT- ON PRIOR MENT INTEREST CERTIFICATE PAYMENT (SHORTFALL)/ INTEREST
CLASS METHOD DAYS RATE INTEREST PPIS INTEREST LOSS/EXP FALLS DUE SHORTFALL (3) PENALTIES PROCEEDS (1)
INTEREST (2)
AMOUNT RECOVERY SHORTFALLS ORIGINAL CURRENT(4)
IA-1 30/360 30 5.000000000% 76,735.55 0.00 0.00 0.00 0.00 0.00 0.00 0.00 76,735.55 76,735.55 0.00 0.00 1.25% 2.06%
IA-2 30/360 30 4.500000000% 147,364.84 0.00 0.00 0.00 0.00 0.00 0.00 0.00 147,364.84 147,364.84 0.00 0.00 1.25% 2.06%
IA-3 30/360 30 5.000000000% 16,373.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00 16,373.87 16,373.87 0.00 0.00 NA NA
IA-4 30/360 30 5.000000000% 20,045.99 0.00 0.00 0.00 0.00 0.00 0.00 0.00 20,045.99 20,045.99 0.00 0.00 1.25% 2.06%
IIA-1 30/360 30 1.670000000% 75,858.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00 75,858.58 75,858.58 0.00 0.00 1.25% 2.06%
IIA-2 30/360 30 12.521666674% 310,247.97 0.00 0.00 0.00 0.00 0.00 0.00 0.00 310,247.97 310,247.97 0.00 0.00 1.25% 2.06%
A-P 30/360 30 0.000000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.25% 2.06%
A-X 30/360 30 5.500000000% 3,329.98 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,329.98 3,329.98 0.00 0.00 NA NA
M 30/360 30 5.330226000% 6,561.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6,561.67 6,561.67 0.00 0.00 0.65% 1.07%
B-1 30/360 30 5.330226000% 2,185.80 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,185.80 2,185.80 0.00 0.00 0.45% 0.74%
B-2 30/360 30 5.330226000% 2,190.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,190.07 2,190.07 0.00 0.00 0.25% 0.41%
B-3 30/360 30 5.330226000% 543.24 0.00 0.00 0.00 0.00 0.00 0.00 0.00 543.24 543.24 0.00 0.00 0.20% 0.33%
B-4 30/360 30 5.330226000% 1,095.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,095.04 1,095.04 0.00 0.00 0.10% 0.17%
B-5 30/360 30 5.330226000% 1,096.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,096.38 1,096.38 0.00 0.00 0.00% 0.00%
R 30/360 30 N/A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.35 0.00 0.00 1.25% 2.06%
663,628.98 0.00 0.00 0.00 0.00 0.00 0.00 0.00 663,628.98 663,629.33 0.00 0.00
(1) OTHER INTEREST PROCEEDS ARE ADDITIONAL INTEREST AMOUNTS SPECIFICALLY ALLOCATED TO THE BOND(S) AND USED IN DETERMINING THE BONDS DISTRIBUTABLE INTEREST.
(2) ACCRUED - DEDUCTIONS + ADDITIONS INTEREST
(3) INCLUDES INTEREST ACCRUED ON OUTSTANDING INTEREST SHORTFALLS AND/OR LOSS ALLOCATIONS. WHERE APPLICABLE.
(4) DETERMINED AS FOLLOWS: (A) THE ENDING BALANCE OF ALL THE CLASSES LESS (B) THE SUM OF (I) THE ENDING BALANCE OF THE CLASS AND (II) THE ENDING BALANCE OF ALL CLASSES WHICH ARE NOT SUBORDINATE TO THE CLASS DIVIDED BY (A).
PAGE 5 OF 10
23-JAN-2004 - 10:09 (K424-K438, K300-K301) 2004 LASALLE BANK N.A.
ABN AMRO MORTGAGE CORPORATION
ABN AMRO MORTGAGE GROUP, INC. STATEMENT DATE: 26-JAN-04
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES PAYMENT DATE: 26-JAN-04
PRIOR PAYMENT: 26-DEC-03
SERIES 2003-2 NEXT PAYMENT: 25-FEB-04
RECORD DATE: 31-DEC-03
ABN AMRO ACCT: 67-9175-50-5
OTHER RELATED INFORMATION
SPECIAL HAZARD COVERAGE FRAUD LOSS COVERAGE BANKRUPTCY LOSS COVERAGE
BEGINNING
BALANCE
CURRENT
REDUCTION
ENDING
BALANCE
BEGINNING
BALANCE
CURRENT
REDUCTION
ENDING
BALANCE
BEGINNING
BALANCE
CURRENT
REDUCTION
ENDING
BALANCE
2,556,701.00 0.00 2,556,701.00 2,556,701.42 0.00 2,556,701.42 50,000.00 0.00 50,000.00
TOTAL
NUMBER OF PAYOFFS: 2
AGGREGATE PAYOFF AMOUNTS: 994,583.66
NUMBER OF CURTAILMENTS: 79
AGGREGATE CURTAILMENT AMOUNTS: 66,203.61
NUMBER OF LOANS IN FORECLOSURE: 0
BOOK VALUE OF LOANS IN FORECLOSURE: 0.00
PRIOR REALIZED LOSSES ALLOCATED TO THE CERTIFICATES: 0.00
CURRENT REALIZED LOSSES ALLOCATED TO THE CERTIFICATES: 0.00
CUMULATIVE REALIZED LOSSES ALLOCATED TO THE CERTIFICATES SINCE CUTOFF: 0.00
23-JAN-2004 - 10:09 (K424-K438, K300-K301) 2004 LASALLE BANK N.A. PAGE 6 OF 10
ABN AMRO MORTGAGE CORPORATION
STATEMENT DATE: 26-JAN-04
ABN AMRO MORTGAGE GROUP, INC. PAYMENT DATE: 26-JAN-04
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES
PRIOR PAYMENT: 26-DEC-03
SERIES 2003-2
NEXT PAYMENT: 25-FEB-04
RECORD DATE: 31-DEC-03
ABN AMRO ACCT: 67-9175-50-5
ASSET-BACKED FACTS ~ 15 MONTH HISTORICAL LOAN STATUS SUMMARY
DELINQUENCY AGING CATEGORIES SPECIAL EVENT CATEGORIES (1)
DISTRIBUTION
DATE
DELINQ 1 MONTH DELINQ 2 MONTHS DELINQ 3+ MONTHS FORECLOSURE REO MODIFICATIONS SPECIALLY SERVICED BANKRUPTCY
# BALANCE # BALANCE # BALANCE # BALANCE # BALANCE # BALANCE # BALANCE # BALANCE
26-JAN-04 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
26-DEC-03 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25-NOV-03 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
27-OCT-03 1 483,922 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0.29% 0.31% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25-SEP-03 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25-AUG-03 2 930,643 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0.50% 0.51% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25-JUL-03 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25-JUN-03 1 446,592 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0.21% 0.20% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
27-MAY-03 1 448,320 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0.20% 0.19% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25-APR-03 2 1,429,559 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0.39% 0.57% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25-MAR-03 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
(1) NOTE: MODIFICATION, SPECIALLY SERVICED & BANKRUPTCY TOTALS ARE INCLUDED IN THE APPROPRIATE DELINQUENCY AGING CATEGORY
23-JAN-2004 - 10:09 (K424-K438, K300-K301) 2004 LASALLE BANK N.A. PAGE 7 OF 10
ABN AMRO MORTGAGE CORPORATION
ABN AMRO MORTGAGE GROUP, INC. STATEMENT DATE: 26-JAN-04
PAYMENT DATE: 26-JAN-04
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES PRIOR PAYMENT: 26-DEC-03
SERIES 2003-2
NEXT PAYMENT: 25-FEB-04
RECORD DATE: 31-DEC-03
ABN AMRO ACCT: 67-9175-50-5
ASSET-BACKED FACTS ~ 15 MONTH HISTORICAL PAYOFF/LOSS SUMMARY
ENDING POOL (1) PAYOFFS(2) PENALTIES APPRAISAL REDUCT. (2) LIQUIDATIONS (2) REALIZED LOSSES (2) REMAINING TERM CURR WEIGHTED AVG.
DISTRIBUTION
DATE
# BALANCE # BALANCE # AMOUNT # BALANCE # BALANCE # AMOUNT LIFE AMORT COUPON REMIT
26-JAN-04 332 148,966,195 2 994,584 0 0 0 0 0 0 0 0 166 168 5.54% 5.29%
63.48% 58.26% 0.60% 0.66% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
26-DEC-03 334 150,627,288 4 1,866,132 0 0 0 0 0 0 0 0 167 169 5.54% 5.29%
63.86% 58.91% 1.18% 1.22% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25-NOV-03 338 153,186,046 9 3,297,144 0 0 0 0 0 0 0 0 168 170 5.54% 5.29%
64.63% 59.92% 2.59% 2.10% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
27-OCT-03 347 157,197,630 14 6,776,613 0 0 0 0 0 0 0 0 170 171 5.54% 5.29%
66.35% 61.48% 3.88% 4.11% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25-SEP-03 361 164,685,841 36 18,525,499 0 0 0 0 0 0 0 0 171 172 5.56% 5.31%
69.02% 64.41% 9.07% 10.07% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25-AUG-03 397 184,020,981 54 27,480,577 0 0 0 0 0 0 0 0 172 173 5.57% 5.32%
75.91% 71.98% 11.97% 12.90% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25-JUL-03 451 213,002,761 23 12,989,498 0 0 0 0 0 0 0 0 173 174 5.58% 5.33%
86.23% 83.31% 4.85% 5.72% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25-JUN-03 474 226,937,188 16 8,988,412 0 0 0 0 0 0 0 0 174 175 5.58% 5.33%
90.63% 88.76% 3.27% 3.79% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
27-MAY-03 490 236,949,058 23 10,817,543 0 0 0 0 0 0 0 0 175 176 5.59% 5.34%
93.69% 92.68% 4.48% 4.35% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25-APR-03 513 248,833,662 8 3,785,172 0 0 0 0 0 0 0 0 176 177 5.59% 5.34%
98.09% 97.33% 1.53% 1.49% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
25-MAR-03 522 254,283,759 1 398,206 0 0 0 0 0 0 0 0 178 178 5.60% 5.35%
99.81% 99.46% 0.19% 0.16% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
(1) PERCENTAGE BASED ON POOL AS OF CUTOFF. (2) PERCENTAGE BASED ON POOL AS OF BEGINNING OF PERIOD.
PAGE 8 OF 10
23-JAN-2004 - 10:09 (K424-K438, K300-K301) 2004 LASALLE BANK N.A.
ABN AMRO MORTGAGE CORPORATION
STATEMENT DATE: 26-JAN-04
ABN AMRO MORTGAGE GROUP, INC. PAYMENT DATE: 26-JAN-04
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES PRIOR PAYMENT: 26-DEC-03
SERIES 2003-2 NEXT PAYMENT: 25-FEB-04
RECORD DATE: 31-DEC-03
ABN AMRO ACCT: 67-9175-50-5
MODIFIED LOAN DETAIL
CUTOFF
MATURITY
DATE
MODIFIED
MATURITY
DATE
DISCLOSURE
CONTROL #
MODIFICATION
DATE
MODIFICATION
DESCRIPTION
23-JAN-2004 - 10:09 (K424-K438, K300-K301) 2004 LASALLE BANK N.A. PAGE 9 OF 10
ABN AMRO MORTGAGE CORPORATION
STATEMENT DATE: 26-JAN-04
ABN AMRO MORTGAGE GROUP, INC. PAYMENT DATE: 26-JAN-04
MULTI-CLASS MORTGAGE PASS-THROUGH CERTIFICATES PRIOR PAYMENT: 26-DEC-03
SERIES 2003-2 NEXT PAYMENT: 25-FEB-04
RECORD DATE: 31-DEC-03
ABN AMRO ACCT: 67-9175-50-5
REALIZED LOSS DETAIL
BEGINNING
SCHEDULED
BALANCE
GROSS PROCEEDS
AS A % OF
SCHED. BALANCE
AGGREGATE
LIQUIDATION
EXPENSES *
NET
LIQUIDATION
PROCEEDS
NET PROCEEDS
AS A % OF
SCHED. BALANCE
PERIOD
DISCLOSURE
CONTROL #
APPRAISAL
DATE
APPRAISAL
VALUE
GROSS
PROCEEDS
REALIZED
LOSS
CURRENT TOTAL
CUMULATIVE
* AGGREGATE LIQUIDATION EXPENSES ALSO INCLUDE OUTSTANDING P&I ADVANCES AND UNPAID SERVICING FEES, UNPAID TRUSTEE FEES, ETC..
23-JAN-2004 - 10:09 (K424-K438, K300-K301) 2004 LASALLE BANK N.A. PAGE 10 OF 10