-----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, CQXA/GEncOf/hxht3F7OAkDefdct7ID6VBoXLJ645AaERDSjwxid/URFwMGccEXJ qVk/tLRu/89ZMlxn+k0q9A== 0001071787-03-001229.txt : 20031003 0001071787-03-001229.hdr.sgml : 20031003 20031003111144 ACCESSION NUMBER: 0001071787-03-001229 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030925 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031003 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ASSET-BACKED CERTIFICATE SERIES 2003-2 CENTRAL INDEX KEY: 0001229301 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-101101-11 FILM NUMBER: 03926701 BUSINESS ADDRESS: STREET 1: 4500 PARK GRANADA CITY: CALABASAS STATE: CA ZIP: 91302 MAIL ADDRESS: STREET 1: 4500 PARK GRANADA CITY: CALABASSAS STATE: CA ZIP: 91302 8-K 1 cwa0302_8k0309.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): September 25, 2003 CWA (Depositor) (Issuer in respect of Asset Backed Certificates, Series 2003-02) (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 Certificates Series 2003-02 On September 25, 2003, The Bank of New York, as Trustee for CWA, Asset Backed Certificates Series 2003-02, 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 Certificates Series 2003-02 relating to the distribution date of September 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: September 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 September 25, 2003 Payment Date: 09/25/03 ------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2003-02 ------------------------------------------------------------
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 1A 686,122,427.42 1.220000% 12,072,304.91 720,809.73 12,793,114.64 0.00 0.00 2A1 227,657,045.27 1.180000% 7,265,311.78 231,324.85 7,496,636.63 0.00 0.00 2A2 46,533,000.00 2.306000% 0.00 89,420.92 89,420.92 0.00 0.00 2A3 151,668,000.00 2.859000% 0.00 361,349.01 361,349.01 0.00 0.00 2A4 69,083,000.00 3.951000% 0.00 227,455.78 227,455.78 0.00 0.00 2A5 71,721,000.00 4.907000% 0.00 293,279.12 293,279.12 0.00 0.00 2A6 72,500,000.00 4.261000% 0.00 257,435.42 257,435.42 0.00 0.00 3A 398,492,023.77 1.360000% 7,983,145.57 466,678.44 8,449,824.01 0.00 0.00 4A 112,581,865.48 3.871000% 1,129,020.38 363,170.33 1,492,190.72 0.00 0.00 P 100.00 0.000000% 0.00 530,392.04 530,392.04 0.00 0.00 C 2,042,122,032.67 0.000000% 0.00 2,788,342.11 2,788,342.11 0.00 0.00 Residual AR 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M1 94,275,000.00 1.810000% 0.00 146,938.06 146,938.06 0.00 0.00 M2 78,563,000.00 2.760000% 0.00 186,718.06 186,718.06 0.00 0.00 M3 18,855,000.00 4.310000% 0.00 69,978.24 69,978.24 0.00 0.00 B 7,332,000.00 4.610000% 0.00 29,106.00 29,106.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 2,035,383,461.94 - 28,449,782.64 6,762,398.11 35,212,180.75 - - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information - -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest - -------------------------------------------------------------------------------- Senior 1A 674,050,122.51 0.00 2A1 220,391,733.49 0.00 2A2 46,533,000.00 0.00 2A3 151,668,000.00 0.00 2A4 69,083,000.00 0.00 2A5 71,721,000.00 0.00 2A6 72,500,000.00 0.00 3A 390,508,878.20 0.00 4A 111,452,845.10 0.00 P 100.00 0.00 C 2,017,408,579.30 0.00 Residual AR 0.00 0.00 - -------------------------------------------------------------------------------- Subordinate M1 94,275,000.00 0.00 M2 78,563,000.00 0.00 M3 18,855,000.00 0.00 B 7,332,000.00 0.00 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Totals - - 2,006,933,679.30 - - --------------------------------------------------------------------------------
Payment Date: 09/25/03 ------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2003-02 ------------------------------------------------------------
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 1A 686,122,427.42 1.220000% 126671YQ3 16.993074 1.014618 948.798427 2A1 227,657,045.27 1.180000% 126671YR1 29.700400 0.945650 900.955496 2A2 46,533,000.00 2.306000% 126671YS9 0.000000 1.921667 1,000.000000 2A3 151,668,000.00 2.859000% 126671YT7 0.000000 2.382500 1,000.000000 2A4 69,083,000.00 3.951000% 126671YU4 0.000000 3.292500 1,000.000000 2A5 71,721,000.00 4.907000% 126671YV2 0.000000 4.089167 1,000.000000 2A6 72,500,000.00 4.261000% 126671YW0 0.000000 3.550833 1,000.000000 3A 398,492,023.77 1.360000% 126671YX8 19.334051 1.130229 945.757335 4A 112,581,865.48 3.871000% 126671YY6 9.689582 3.116834 956.520783 P 100.00 0.000000% 126671A30 0.000000 5,303,920.400000 1,000.000000 C 2,042,122,032.67 0.000000% 126671A22 0.000000 1.330951 962.963430 Residual AR 0.00 0.000000% 126671A48 0.000000 0.000000 0.000000 - ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 94,275,000.00 1.810000% 126671YZ3 0.000000 1.558611 1,000.000000 M2 78,563,000.00 2.760000% 126671ZA7 0.000000 2.376667 1,000.000000 M3 18,855,000.00 4.310000% 126671ZC3 0.000000 3.711389 1,000.000000 B 7,332,000.00 4.610000% 126671ZB5 0.000000 3.969722 1,000.000000 - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ Totals - - 2,035,383,461.94 - - - - - - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2003-02 ------------------------------------------------------------ - -------------------------------------------------------------------------------- COLLATERAL INFORMATION - -------------------------------------------------------------------------------- Prin balance 753,085,566.91 703,622,417.84 436,435,852.52 Loan count 4694 4639 1924 Avg loan rate 7.551450% 7.486885% 7.577681% Prepay amount 9,900,856.08 5,634,636.43 6,581,427.12 Total ----- Prin balance 124,264,742.03 2,017,408,579.30 Loan count 549 11806 Avg loan rate 7.372213% 7.52 Prepay amount 863,094.23 22,980,013.86 - -------------------------------------------------------------------------------- FEES AND ADVANCES - -------------------------------------------------------------------------------- Master serv fees 312,042.28 293,183.38 181,033.48 Sub servicer fees 0.00 98,878.35 12,084.96 Trustee fees 5,726.79 5,324.50 3,325.28 Agg advances N/A N/A N/A Adv this period 128,800.63 64,628.80 85,956.31 Total ----- Master serv fees 52,083.99 838,343.13 Sub servicer fees 12,077.64 123,040.96 Trustee fees 939.34 15,315.92 Agg advances N/A N/A Adv this period 14,400.39 293,786.13 - -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES - -------------------------------------------------------------------------------- Realized losses 0.00 0.00 0.00 Cumulative losses 0.00 0.00 0.00 Total ----- Realized losses 0.00 0.00 Cumulative losses 0.00 0.00 Coverage Amounts - ---------------- Bankruptcy 0.00 0.00 0.00 Fraud 15,699,999.78 14,499,994.96 9,124,997.70 Special Hazard 0.00 0.00 0.00 Total ----- Bankruptcy 0.00 0.00 Fraud 2,574,947.77 41,899,940.21 Special Hazard 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 90.221744% 100.000000% 1,836,358,461.94 ----------------------------------------------------------------------------- Junior 9.778256% 0.000000% 199,025,000.00 ----------------------------------------------------------------------------- - -------------------------------------------------------------------------------- DELINQUENCY INFORMATION - -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance - ------ ---------- --------------------- 30 to 59 days 145 21,675,191.83 60 to 89 days 35 5,261,504.37 90 or more 16 1,595,140.38 Foreclosure 54 9,862,178.62 Totals: 250 38,394,015.20 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 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 35,212,180.75 35,212,180.75 Principal remittance amount 28,449,782.64 28,449,782.64 Interest remittance amount 6,762,398.11 6,762,398.11 -----END PRIVACY-ENHANCED MESSAGE-----