-----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, UPxJV/6sHmPZFVCmgbXYWjQXvm9YVZQrv+jD3Cjyg2ErqY3TwIwmzrF22D9/Co9w BlswhZ0JLUiUFpGTrJZFrQ== 0001071787-04-000116.txt : 20040106 0001071787-04-000116.hdr.sgml : 20040106 20040106115601 ACCESSION NUMBER: 0001071787-04-000116 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20031225 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040106 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: 04508562 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_8k0312.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): December 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 December 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 December 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: December 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 December 25, 2003 Payment Date: 12/25/03 ------------------------------------------------------------ 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 81,667,758.10 1.438750% 4,014,825.26 101,180.11 4,116,005.37 0.00 0.00 2A1 281,610,564.13 1.418750% 13,796,062.13 344,044.02 14,140,106.15 0.00 0.00 P 100.00 0.000000% 0.00 407,864.67 407,864.67 0.00 0.00 C 427,028,324.23 0.000000% 0.00 1,729,516.69 1,729,516.69 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 1.818750% 0.00 37,195.96 37,195.96 0.00 0.00 M2 18,750,000.00 2.638750% 0.00 42,604.82 42,604.82 0.00 0.00 M3 8,750,000.00 3.618750% 0.00 27,266.28 27,266.28 0.00 0.00 B1 7,500,000.00 4.618750% 0.00 29,829.43 29,829.43 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 422,028,422.23 - 17,810,887.39 2,719,501.97 20,530,389.36 - - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information - -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest - -------------------------------------------------------------------------------- Senior 1A1 77,652,932.84 0.00 2A1 267,814,502.00 0.00 P 100.00 0.00 C 409,217,436.84 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 - - 404,217,534.84 - - --------------------------------------------------------------------------------
Payment Date: 12/25/03 ------------------------------------------------------------ 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 81,667,758.10 1.438750% 126671YG5 40.148253 1.011801 776.529328 2A1 281,610,564.13 1.418750% 126671YB6 40.428021 1.008188 784.804401 P 100.00 0.000000% 126671ZV1 0.000000 4,078,646.700000 1,000.000000 C 427,028,324.23 0.000000% 126671ZU3 0.000000 3.459032 818.434546 Residual AR 0.00 0.000000% 126671ZW9 0.000000 0.000000 0.000000 - ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 23,750,000.00 1.818750% 126671YC4 0.000000 1.566146 1,000.000000 M2 18,750,000.00 2.638750% 126671YD2 0.000000 2.272257 1,000.000000 M3 8,750,000.00 3.618750% 126671YE0 0.000000 3.116146 1,000.000000 B1 7,500,000.00 4.618750% 126671YF7 0.000000 3.977257 1,000.000000 - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ Totals - - 422,028,422.23 - - - - - - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------ Countrywide Home Loans Asset-Backed Securitiies, Series CWA 2003-BC2 ------------------------------------------------------------ - -------------------------------------------------------------------------------- COLLATERAL INFORMATION - -------------------------------------------------------------------------------- Total ----- Prin balance 92,037,624.82 317,179,812.02 409,217,436.84 Loan count 638 2007 2645 Avg loan rate 7.606335% 7.516103% 7.54 Prepay amount 3,935,050.08 13,422,504.76 17,357,554.84 - -------------------------------------------------------------------------------- FEES AND ADVANCES - -------------------------------------------------------------------------------- Total ----- Master serv fees 36,654.71 126,911.93 163,566.63 Sub servicer fees 193.83 407.58 601.41 Trustee fees 720.39 2,482.32 3,202.71 Agg advances N/A N/A N/A Adv this period 31,085.71 115,523.23 146,608.94 - -------------------------------------------------------------------------------- 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 86.079137% 100.000000% 363,278,422.23 ----------------------------------------------------------------------------- Junior 13.920863% 0.000000% 58,750,000.00 ----------------------------------------------------------------------------- - -------------------------------------------------------------------------------- DELINQUENCY INFORMATION - -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance - ------ ---------- --------------------- 30 to 59 days 83 11,791,787.86 60 to 89 days 11 1,075,884.67 90 or more 8 920,918.70 Foreclosure 38 5,013,225.58 Totals: 140 18,801,816.81 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 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 20,530,389.36 20,530,389.36 Principal remittance amount 17,810,887.39 17,810,887.39 Interest remittance amount 2,719,501.97 2,719,501.97 -----END PRIVACY-ENHANCED MESSAGE-----