-----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, KgXEW/5vWBO6ldxE1LSYuNou5J/bZXzHdLO4Yohru6e3cKjYs6tutwcoENeoVvcc vBCPg6BLbdpfUer5U/Apiw== 0001071787-03-001090.txt : 20030903 0001071787-03-001090.hdr.sgml : 20030903 20030903121818 ACCESSION NUMBER: 0001071787-03-001090 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030825 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030903 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CWABS INC COUNTRYWIDE HOME LOANS SERV LP ASSET BK CE SE 03 3 CENTRAL INDEX KEY: 0001251611 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: 333-105643-01 FILM NUMBER: 03878152 BUSINESS ADDRESS: STREET 1: 4500 PARK GRANADA CITY: CALABASAS STATE: CA ZIP: 91302 BUSINESS PHONE: 212 839- 5679 8-K 1 cwa0303_8k0308.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): August 25, 2003 CWA (Depositor) (Issuer in respect of Asset Backed Certificates, Series 2003-03) (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 2003-03 On August 25, 2003, The Bank of New York, as Trustee for CWA, Asset Backed Certificates Series 2003-03, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of June 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 2003-03 relating to the distribution date of August 25, 2003 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of June 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: August 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 August 25, 2003 Payment Date: 08/25/03 ------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2003-03 ------------------------------------------------------------
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 64,659,510.23 1.240000% 526,152.66 69,041.99 595,194.65 0.00 0.00 1A2 10,933,000.00 1.810000% 0.00 16,490.61 16,490.61 0.00 0.00 1A3 39,918,000.00 2.258000% 0.00 75,112.37 75,112.37 0.00 0.00 1A4 16,671,000.00 3.265000% 0.00 45,359.01 45,359.01 0.00 0.00 1A5 18,080,000.00 4.230000% 0.00 63,732.00 63,732.00 0.00 0.00 1A6 19,000,000.00 3.545000% 0.00 56,129.17 56,129.17 0.00 0.00 2A1 103,069,285.54 1.220000% 2,378,937.16 108,280.01 2,487,217.17 0.00 0.00 2A2 253,000,000.00 1.400000% 0.00 305,005.56 305,005.56 0.00 0.00 3A 214,011,627.08 1.370000% 1,703,939.30 252,474.27 1,956,413.57 0.00 0.00 P 100.00 0.000000% 0.00 29,816.30 29,816.30 0.00 0.00 C 826,492,422.81 0.000000% 0.00 2,857,209.51 2,857,209.51 0.00 0.00 Residual AR 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M1 33,200,000.00 1.800000% 0.00 51,460.00 51,460.00 0.00 0.00 M2 10,375,000.00 1.900000% 0.00 16,974.65 16,974.65 0.00 0.00 M3 12,450,000.00 2.300000% 0.00 24,657.92 24,657.92 0.00 0.00 M4 8,300,000.00 2.500000% 0.00 17,868.06 17,868.06 0.00 0.00 M5 8,300,000.00 2.850000% 0.00 20,369.58 20,369.58 0.00 0.00 M6 6,225,000.00 4.000000% 0.00 21,441.67 21,441.67 0.00 0.00 B 8,300,000.00 4.600000% 0.00 32,877.22 32,877.22 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 826,492,522.85 - 4,609,029.12 4,064,299.89 8,673,329.01 - - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information - -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest - -------------------------------------------------------------------------------- Senior 1A1 64,133,357.57 0.00 1A2 10,933,000.00 0.00 1A3 39,918,000.00 0.00 1A4 16,671,000.00 0.00 1A5 18,080,000.00 0.00 1A6 19,000,000.00 0.00 2A1 100,690,348.38 0.00 2A2 253,000,000.00 0.00 3A 212,307,687.78 0.00 P 100.00 0.00 C 821,883,393.69 0.00 Residual AR 0.00 0.00 - -------------------------------------------------------------------------------- Subordinate M1 33,200,000.00 0.00 M2 10,375,000.00 0.00 M3 12,450,000.00 0.00 M4 8,300,000.00 0.00 M5 8,300,000.00 0.00 M6 6,225,000.00 0.00 B 8,300,000.00 0.00 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Totals - - 821,883,493.73 - - --------------------------------------------------------------------------------
Payment Date: 08/25/03 ------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2003-03 ------------------------------------------------------------
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 64,659,510.23 1.240000% 126671C53 8.039247 1.054914 979.913176 1A2 10,933,000.00 1.810000% 126671C61 0.000000 1.508333 1,000.000000 1A3 39,918,000.00 2.258000% 126671C79 0.000000 1.881667 1,000.000000 1A4 16,671,000.00 3.265000% 126671C87 0.000000 2.720833 1,000.000000 1A5 18,080,000.00 4.230000% 126671C95 0.000000 3.525000 1,000.000000 1A6 19,000,000.00 3.545000% 126671D29 0.000000 2.954167 1,000.000000 2A1 103,069,285.54 1.220000% 126671D37 22.656544 1.031238 958.955699 2A2 253,000,000.00 1.400000% 126671D45 0.000000 1.205556 1,000.000000 3A 214,011,627.08 1.370000% 126671D52 7.932678 1.175392 988.397057 P 100.00 0.000000% 126671E69 0.000000 298,163.000000 1,000.000000 C 826,492,422.81 0.000000% 126671E51 0.000000 3.442421 990.220837 Residual AR 0.00 0.000000% 126671E77 0.000000 0.000000 0.000000 - ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 33,200,000.00 1.800000% 126671D60 0.000000 1.550000 1,000.000000 M2 10,375,000.00 1.900000% 126671D78 0.000000 1.636111 1,000.000000 M3 12,450,000.00 2.300000% 126671D86 0.000000 1.980556 1,000.000000 M4 8,300,000.00 2.500000% 126671D94 0.000000 2.152778 1,000.000000 M5 8,300,000.00 2.850000% 126671E28 0.000000 2.454167 1,000.000000 M6 6,225,000.00 4.000000% 126671E36 0.000000 3.444444 1,000.000000 B 8,300,000.00 4.600000% 126671E44 0.000000 3.961111 1,000.000000 - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------ Totals - - 826,492,522.85 - - - - - - ------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2003-03 ------------------------------------------------------------ - -------------------------------------------------------------------------------- COLLATERAL INFORMATION - -------------------------------------------------------------------------------- Prin balance 188,685,803.28 395,690,748.33 237,506,842.08 Loan count 1207 2520 1194 Avg loan rate 7.338494% 7.350002% 7.637560% Prepay amount 342,240.26 2,037,962.50 1,004,031.15 Total ----- Prin balance 821,883,393.69 Loan count 4921 Avg loan rate 7.43 Prepay amount 3,384,233.91 - -------------------------------------------------------------------------------- FEES AND ADVANCES - -------------------------------------------------------------------------------- Master serv fees 78,810.59 163,810.00 97,740.50 Sub servicer fees 18,880.93 12,354.99 3,802.34 Trustee fees 1,419.09 2,985.52 1,794.08 Agg advances N/A N/A N/A Adv this period 557.27 7,098.77 4,646.28 Total ----- Master serv fees 340,361.10 Sub servicer fees 35,038.25 Trustee fees 6,198.69 Agg advances N/A Adv this period 12,302.32 - -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES - -------------------------------------------------------------------------------- Realized losses 0.00 0.00 0.00 Cumulative losses 0.00 0.00 0.00 Total ----- Realized losses 0.00 Cumulative losses 0.00 Coverage Amounts - ---------------- Bankruptcy 0.00 0.00 0.00 Fraud 3,800,007.91 8,000,000.65 4,799,980.09 Special Hazard 0.00 0.00 0.00 Total ----- Bankruptcy 0.00 Fraud 16,599,988.66 Special Hazard 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 89.455440% 100.000000% 739,342,522.85 ----------------------------------------------------------------------------- Junior 10.544560% 0.000000% 87,150,000.00 ----------------------------------------------------------------------------- - -------------------------------------------------------------------------------- DELINQUENCY INFORMATION - -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance - ------ ---------- --------------------- 30 to 59 days 15 1,607,423.76 60 to 89 days 0 0.00 90 or more 0 0.00 Foreclosure 0 0.00 Totals: 15 1,607,423.76 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 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 8,673,329.01 8,673,329.01 Principal remittance amount 4,609,029.12 4,609,029.12 Interest remittance amount 4,064,299.89 4,064,299.89 -----END PRIVACY-ENHANCED MESSAGE-----