8-K 1 june2003_8k.txt MONTHLY REMITTANCE STATEMENT DATED JUNE 25, 2003 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Sec. 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 25, 2003 American General Mortgage Loan Trust 2003-1, Mortgage Loan Asset-Backed Pass-Through Certificates Series 2003-1 (Exact name of registrant as specified in charter) New York 333-87146-01 30-0183660 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) 601 NW Second Street, Evansville, IN 47708 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: 812-424-8031 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Item 5. Other Events American General Mortgage Loan Trust 2003-1 Mortgage Loan Asset-Backed Pass-Through Certificates Series 2003-1 On June 25, 2003, Bank One, N.A., as Trust Administrator for American General Mortgage Loan Trust 2003-1 Mortgage Loan Asset-Backed Pass-Through Certificates Series 2003-1, made a monthly distribution to Certificateholders of principal and/or interestpursuant to the Pooling and Servicing Agreement, dated as of May 1, 2003, among Bond Securitization, L.L.C. as Depositor, Second Street Funding Corporation as Seller,American General Finance Corporation as Master Servicer, U. S. Bank National Association asTrustee and Bank One, N.A. as Trust Administrator. Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit No. Description 99.1 Report to Holders of, American General Mortgage Loan Trust 2003-1 Mortgage Loan Asset-Backed Pass-Through Certificates Series 2003-1 relating to the Distribution Date of June 25, 2003 prepared by Bank One, N.A., as Trust Administrator under the Pooling and Servicing Agreement dated as of May 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 By: /s/ R. Tarnas ------------------------------ Name: R. Tarnas Vice President Bank One, N.A., as Trust Administrator EXHIBIT INDEX Exhibit 99.1 Monthly Remittance Statement dated June 25, 2003 EX-99.1 Computational Material Payment Date: 06/25/03 ------------------------------------------------------------ American General Mortgage Loan Trust 2003-1, Mortgage Loan Asset-Backed Pass Through Certificates Series 2003-1 ------------------------------------------------------------
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 A-1 146,500,000.00 1.438750% 12,229,107.40 163,937.57 12,393,044.97 0.00 0.00 A-2 34,000,000.00 2.540000% 0.00 71,966.67 71,966.67 0.00 0.00 A-3 44,820,000.00 4.030000% 0.00 150,520.50 150,520.50 0.00 0.00 Residual R 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M-1 16,190,000.00 4.260000% 0.00 57,474.50 57,474.50 0.00 0.00 M-2 15,550,000.00 4.690000% 0.00 60,774.58 60,774.58 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 257,060,000.00 - 12,229,107.40 504,673.82 12,733,781.22 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior A-1 134,270,892.60 0.00 A-2 34,000,000.00 0.00 A-3 44,820,000.00 0.00 Residual R 0.00 0.00 -------------------------------------------------------------------------------- Subordinate M-1 16,190,000.00 0.00 M-2 15,550,000.00 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - 244,830,892.60 - --------------------------------------------------------------------------------
Payment Date: 06/25/03 ------------------------------------------------------------ (null) American General Mortgage Loan Trust 2003-1, Mortgage Loan Asset-Backed Pass-Through Certificates Series 2003-1 ------------------------------------------------------------
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 A-1 146,500,000.00 1.438750% 02639MAA4 83.475136 1.119028 916.524864 A-2 34,000,000.00 2.540000% 02639MAB2 0.000000 2.116667 1,000.000000 A-3 44,820,000.00 4.030000% 02639MAC0 0.000000 3.358333 1,000.000000 Residual R 0.00 0.000000% 02639MAF3 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate M-1 16,190,000.00 4.260000% 02639MAD8 0.000000 3.550000 1,000.000000 M-2 15,550,000.00 4.690000% 02639MAE6 0.000000 3.908333 1,000.000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - 257,060,000.00 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------ (null) American General Mortgage Loan Trust 2003-1, Mortgage Loan Asset-Backed Pass-Through Certificates Series 2003-1 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 248,445,441.50 248,445,441.50 Loan count 4210 4210 Avg loan rate 10.591597% 10.59 Prepay amount 9,914,413.00 9,914,413.00 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 107,920.69 107,920.69 Sub servicer fees 0.00 0.00 Trustee fees 3,367.13 3,367.13 Agg advances N/A N/A Adv this period 0.00 0.00 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Total ----- Realized losses 0.00 0.00 Cumulative losses 0.00 0.00 Coverage Amounts Total ---------------- ----- Bankruptcy 0.00 0.00 Fraud 0.00 0.00 Special Hazard 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 87.035950% 100.000000% 213,090,892.60 ----------------------------------------------------------------------------- Junior 12.964050% 0.000000% 31,740,000.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 11 621,896.22 60 to 89 days 1 32,448.12 90 or more 0 0.00 Foreclosure 0 0.00 Totals: 12 654,344.34 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 12,733,781.22 12,733,781.22 Principal remittance amount 12,229,107.40 12,229,107.40 Interest remittance amount 504,673.82 504,673.82