-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, C7EI911ogd0c1iyuw2MQ1LMXIqIU6v+sQJfVYwdbKZXqxC6GLHbNopozsAC2D5FT qcggoC8orv840Na7EnfkLg== 0001071787-03-000835.txt : 20030702 0001071787-03-000835.hdr.sgml : 20030702 20030702113615 ACCESSION NUMBER: 0001071787-03-000835 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030625 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030702 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CWABS INC ASSET BACKED CERTIFICATES SERIES 2003 BC2 CENTRAL INDEX KEY: 0001229241 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 954596514 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-101101-10 FILM NUMBER: 03770252 BUSINESS ADDRESS: STREET 1: 4500 PARK GRANADA CITY: CALABASAS STATE: CA ZIP: 91302 MAIL ADDRESS: STREET 1: 4500 PARK GRANADA CITY: CALABASAS STATE: CA ZIP: 91302 8-K 1 cwa03bc2_8k0306.txt 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): June 25, 2003 CWA (Depositor) (Issuer in respect of Asset-Backed Securitiies, Series CWA 2003-BC2) (Exact name of registrant as specified in charter) Delaware 33-63714 95-4449516 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) , , N/A 91110-7137 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (818)-304-4428 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Item 5. Other Events CWA Asset-Backed Securitiies Series CWA 2003-BC2 On June 25, 2003, The Bank of New York, as Trustee for CWA, Asset-Backed Securitiies Series CWA 2003-BC2, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of April 1, 2003, among CWA as Depositor, Countrywide Home Loans, Seller and Master Servicer and The Bank of New York, as Trustee. Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit No. Description 99 Report to Holders of CWA, Asset-Backed Securitiies Series CWA 2003-BC2 relating to the distribution date of June 25, 2003 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of April 1, 2003. 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 thereunto duly authorized. Dated: June 25, 2003 CWA By: /s/ Courtney Bartholomew ------------------------------ Name: Courtney Bartholomew Vice President The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated June 25, 2003 Payment Date: 06/25/03 ------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securitiies, Series CWA 2003-BC2 ------------------------------------------------------------
Class Information Current Payment Information - ---------------------------------------------------------------------------------------------------------------------------------- Beginning Pass Thru Principal Interest Total Principal Interest Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls - ---------------------------------------------------------------------------------------------------------------------------------- Senior 1A1 98,222,920.34 1.640000% 1,822,566.98 129,763.39 1,952,330.37 0.00 0.00 2A1 333,351,733.80 1.620000% 5,262,592.84 435,024.01 5,697,616.85 0.00 0.00 P 100.00 0.000000% 0.00 0.00 0.00 0.00 0.00 C 492,352,839.84 0.000000% 0.00 0.00 0.00 0.00 0.00 Residual AR 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M1 23,750,000.00 2.020000% 0.00 38,646.53 38,646.53 0.00 0.00 M2 18,750,000.00 2.840000% 0.00 42,895.83 42,895.83 0.00 0.00 M3 8,750,000.00 3.820000% 0.00 26,925.69 26,925.69 0.00 0.00 B1 7,500,000.00 4.820000% 0.00 29,120.83 29,120.83 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 490,324,754.14 - 7,085,159.82 702,376.29 7,787,536.11 - - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information - -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest - -------------------------------------------------------------------------------- Senior 1A1 96,400,353.36 0.00 2A1 328,089,140.96 0.00 P 100.00 0.00 C 487,240,504.18 0.00 Residual AR 0.00 0.00 - -------------------------------------------------------------------------------- Subordinate M1 23,750,000.00 0.00 M2 18,750,000.00 0.00 M3 8,750,000.00 0.00 B1 7,500,000.00 0.00 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Totals - - 483,239,594.32 - - --------------------------------------------------------------------------------
Payment Date: 06/25/03 ------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securitiies, Series CWA 2003-BC2 ------------------------------------------------------------
Class Information Current Payment Information Factors per $1,000 - ------------------------------------------------------------------------------------------------------------------------ Beginning Pass Thru CUSIP Principal Interest Ending Cert./ Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal. - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ Senior 1A1 98,222,920.34 1.640000% 126671YG5 18.225670 1.297634 964.003534 2A1 333,351,733.80 1.620000% 126671YB6 15.421517 1.274796 961.433380 P 100.00 0.000000% 126671ZV1 0.000000 0.000000 1,000.000000 C 492,352,839.84 0.000000% 126671ZU3 0.000000 0.000000 974.480619 Residual AR 0.00 0.000000% 126671ZW9 0.000000 0.000000 0.000000 - ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 23,750,000.00 2.020000% 126671YC4 0.000000 1.627222 1,000.000000 M2 18,750,000.00 2.840000% 126671YD2 0.000000 2.287778 1,000.000000 M3 8,750,000.00 3.820000% 126671YE0 0.000000 3.077222 1,000.000000 B1 7,500,000.00 4.820000% 126671YF7 0.000000 3.882778 1,000.000000 - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ Totals - - 490,324,754.14 - - - - - - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securitiies, Series CWA 2003-BC2 ------------------------------------------------------------ - -------------------------------------------------------------------------------- COLLATERAL INFORMATION - -------------------------------------------------------------------------------- Total ----- Prin balance 110,593,983.51 376,646,520.67 487,240,504.18 Loan count 750 2336 3086 Avg loan rate 7.653042% 7.557764% 7.58 Prepay amount 1,225,294.73 3,485,165.97 4,710,460.70 - -------------------------------------------------------------------------------- FEES AND ADVANCES - -------------------------------------------------------------------------------- Total ----- Master serv fees 45,968.75 156,973.00 202,941.75 Sub servicer fees 882.19 997.37 1,879.56 Trustee fees 839.32 2,853.33 3,692.65 Agg advances N/A N/A N/A Adv this period 14,083.23 26,197.04 40,280.27 - -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES - -------------------------------------------------------------------------------- Total ----- Realized losses 0.00 0.00 0.00 Cumulative losses 0.00 0.00 0.00 Coverage Amounts Total - ---------------- ----- Bankruptcy 0.00 0.00 0.00 Fraud 2,266,273.58 7,733,724.99 9,999,998.57 Special Hazard 0.00 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 88.018145% 100.000000% 431,574,754.14 ----------------------------------------------------------------------------- Junior 11.981855% 0.000000% 58,750,000.00 ----------------------------------------------------------------------------- - -------------------------------------------------------------------------------- DELINQUENCY INFORMATION - -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance - ------ ---------- --------------------- 30 to 59 days 35 4,661,897.99 60 to 89 days 1 91,798.79 90 or more 0 0.00 Foreclosure 2 273,353.89 Totals: 38 5,027,050.67 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- REO INFORMATION - -------------------------------------------------------------------------------- REO Date Loan Number Ending Stated Balance Book Value -------- ----------- --------------------- ---------- N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A Totals: 0 N/A Current Total Outstanding Balance: 0.00 Current Total Outstanding Number of Loans: 0 - -------------------------------------------------------------------------------- OTHER INFORMATION - -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 7,787,536.11 7,787,536.11 Principal remittance amount 7,085,159.82 7,085,159.82 Interest remittance amount 702,376.29 702,376.29 -----END PRIVACY-ENHANCED MESSAGE-----