-----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, R4DvhONTtl+tMyLLsgK7rvaAnQI/6prV+q+AmL7XHKL0qua913nTHTN4Zj89fDPV 17GniUn3l1TWeJO6PsAkDg== 0001056404-04-003040.txt : 20040909 0001056404-04-003040.hdr.sgml : 20040909 20040909113014 ACCESSION NUMBER: 0001056404-04-003040 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20031226 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20040909 DATE AS OF CHANGE: 20040909 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BANC OF AMERICA MORT SEC INC MORT PASS THR CERTS SER 2003 7 CENTRAL INDEX KEY: 0001261007 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 333-105940-07 FILM NUMBER: 041021994 BUSINESS ADDRESS: STREET 1: 201 NORTH TRYON ST CITY: CHARLOTTE STATE: NC ZIP: 28255 8-K/A 1 bam03007_dec.txt DEC 8KA UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K/A 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 26, 2003 BANC OF AMERICA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 2003-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-105940-07 54-2123761 Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events Subsequent to filing the 8-K relating to the payment date on December 26, 2003, a revision was made to the BANC OF AMERICA MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2003-7 which was not included in the original 8-K filed. The 8-K is being amended because delinquency information was revised. This revision was not previously disclosed in a 1934 Act filing. The revised data has been and will continue to be available on the Wells Fargo Bank, N.A. as Trustee, website at www.ctslink.com. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Amended monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-7 Trust, relating to the December 26, 2003 distribution. 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 hereunto duly authorized. BANC OF AMERICA MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 2003-7 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 8/9/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Amended monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-7 Trust, relating to the December 26, 2003 distribution. EX-99.1
Banc of America Mortgage Securities, Inc. Mortgage Pass-Through Certificates Record Date: 11/30/03 Distribution Date: 12/26/03 BAM Series: 2003-7 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution 1-A-1 05948XSQ5 SEN 4.50000% 22,356,677.18 83,837.54 331,475.69 1-A-2 05948XSR3 SEN 4.75000% 244,299,485.84 967,018.78 3,622,154.54 1-A-3 05948XSS1 SEN 5.00000% 22,356,677.18 93,152.82 331,475.69 1-A-R 05948XST9 SEN 4.75000% 0.00 0.00 0.00 A-PO 05948XSV4 PO 0.00000% 204,569.01 0.00 1,278.08 1-B-1 05948XSW2 SUB 4.75000% 1,790,589.55 7,087.75 6,881.33 1-B-2 05948XSX0 SUB 4.75000% 447,894.57 1,772.92 1,721.28 1-B-3 05948XSY8 SUB 4.75000% 596,204.03 2,359.97 2,291.24 1-B-4 05948XSZ5 SUB 4.75000% 298,596.38 1,181.94 1,147.52 1-B-5 05948XTA9 SUB 4.75000% 149,298.19 590.97 573.76 1-B-6 05948XTB7 SUB 4.75000% 299,293.44 1,184.70 1,150.20 A-WIO 05948XSU6 SEN 0.29959% 0.00 58,363.13 0.00 SES 05948XTC5 SEN 0.00000% 0.00 49,887.99 0.00 Totals 292,799,285.37 1,266,438.51 4,300,149.33
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A-1 0.00 22,025,201.50 415,313.23 0.00 1-A-2 0.00 240,677,331.30 4,589,173.32 0.00 1-A-3 0.00 22,025,201.50 424,628.51 0.00 1-A-R 0.00 0.00 0.00 0.00 A-PO 0.00 203,290.93 1,278.08 0.00 1-B-1 0.00 1,783,708.23 13,969.08 0.00 1-B-2 0.00 446,173.29 3,494.20 0.00 1-B-3 0.00 593,912.79 4,651.21 0.00 1-B-4 0.00 297,448.86 2,329.46 0.00 1-B-5 0.00 148,724.43 1,164.73 0.00 1-B-6 0.00 298,143.24 2,334.90 0.00 A-WIO 0.00 0.00 58,363.13 0.00 SES 0.00 0.00 49,887.99 0.00 Totals 0.00 288,499,136.07 5,566,587.84 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) 1-A-1 23,054,125.00 22,356,677.18 85,917.83 245,557.86 0.00 0.00 1-A-2 251,920,750.00 244,299,485.84 938,855.16 2,683,299.38 0.00 0.00 1-A-3 23,054,125.00 22,356,677.18 85,917.83 245,557.86 0.00 0.00 1-A-R 100.00 0.00 0.00 0.00 0.00 0.00 A-PO 207,434.00 204,569.01 794.04 484.03 0.00 0.00 1-B-1 1,811,000.00 1,790,589.55 6,881.33 0.00 0.00 0.00 1-B-2 453,000.00 447,894.57 1,721.28 0.00 0.00 0.00 1-B-3 603,000.00 596,204.03 2,291.24 0.00 0.00 0.00 1-B-4 302,000.00 298,596.38 1,147.52 0.00 0.00 0.00 1-B-5 151,000.00 149,298.19 573.76 0.00 0.00 0.00 1-B-6 302,705.00 299,293.44 1,150.20 0.00 0.00 0.00 A-WIO 0.00 0.00 0.00 0.00 0.00 0.00 SES 0.00 0.00 0.00 0.00 0.00 0.00 Totals 301,859,239.00 292,799,285.37 1,125,250.19 3,174,899.13 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution 1-A-1 331,475.69 22,025,201.50 0.95536922 331,475.69 1-A-2 3,622,154.54 240,677,331.30 0.95536922 3,622,154.54 1-A-3 331,475.69 22,025,201.50 0.95536922 331,475.69 1-A-R 0.00 0.00 0.00000000 0.00 A-PO 1,278.08 203,290.93 0.98002704 1,278.08 1-B-1 6,881.33 1,783,708.23 0.98493000 6,881.33 1-B-2 1,721.28 446,173.29 0.98493000 1,721.28 1-B-3 2,291.24 593,912.79 0.98493000 2,291.24 1-B-4 1,147.52 297,448.86 0.98493000 1,147.52 1-B-5 573.76 148,724.43 0.98493000 573.76 1-B-6 1,150.20 298,143.24 0.98493001 1,150.20 A-WIO 0.00 0.00 0.00000000 0.00 SES 0.00 0.00 0.00000000 0.00 Totals 4,300,149.33 288,499,136.07 0.95574062 4,300,149.33
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 23,054,125.00 969.74737406 3.72678772 10.65136326 0.00000000 1-A-2 251,920,750.00 969.74737428 3.72678773 10.65136310 0.00000000 1-A-3 23,054,125.00 969.74737406 3.72678772 10.65136326 0.00000000 1-A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 A-PO 207,434.00 986.18842620 3.82791635 2.33341689 0.00000000 1-B-1 1,811,000.00 988.72973495 3.79974047 0.00000000 0.00000000 1-B-2 453,000.00 988.72973510 3.79973510 0.00000000 0.00000000 1-B-3 603,000.00 988.72973466 3.79973466 0.00000000 0.00000000 1-B-4 302,000.00 988.72973510 3.79973510 0.00000000 0.00000000 1-B-5 151,000.00 988.72973510 3.79973510 0.00000000 0.00000000 1-B-6 302,705.00 988.72975339 3.79973902 0.00000000 0.00000000 A-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 SES 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1-A-1 0.00000000 14.37815098 955.36922351 0.95536922 14.37815098 1-A-2 0.00000000 14.37815083 955.36922346 0.95536922 14.37815083 1-A-3 0.00000000 14.37815098 955.36922351 0.95536922 14.37815098 1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-PO 0.00000000 6.16138145 980.02704475 0.98002704 6.16138145 1-B-1 0.00000000 3.79974047 984.93000000 0.98493000 3.79974047 1-B-2 0.00000000 3.79973510 984.93000000 0.98493000 3.79973510 1-B-3 0.00000000 3.79973466 984.93000000 0.98493000 3.79973466 1-B-4 0.00000000 3.79973510 984.93000000 0.98493000 3.79973510 1-B-5 0.00000000 3.79973510 984.93000000 0.98493000 3.79973510 1-B-6 0.00000000 3.79973902 984.93001437 0.98493001 3.79973902 A-WIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 SES 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall 1-A-1 23,054,125.00 4.50000% 22,356,677.18 83,837.54 0.00 0.00 1-A-2 251,920,750.00 4.75000% 244,299,485.84 967,018.80 0.00 0.00 1-A-3 23,054,125.00 5.00000% 22,356,677.18 93,152.82 0.00 0.00 1-A-R 100.00 4.75000% 0.00 0.00 0.00 0.00 A-PO 207,434.00 0.00000% 204,569.01 0.00 0.00 0.00 1-B-1 1,811,000.00 4.75000% 1,790,589.55 7,087.75 0.00 0.00 1-B-2 453,000.00 4.75000% 447,894.57 1,772.92 0.00 0.00 1-B-3 603,000.00 4.75000% 596,204.03 2,359.97 0.00 0.00 1-B-4 302,000.00 4.75000% 298,596.38 1,181.94 0.00 0.00 1-B-5 151,000.00 4.75000% 149,298.19 590.97 0.00 0.00 1-B-6 302,705.00 4.75000% 299,293.44 1,184.70 0.00 0.00 A-WIO 0.00 0.29959% 233,773,742.05 58,363.13 0.00 0.00 SES 0.00 0.00000% 292,799,286.86 0.00 0.00 0.00 Totals 301,859,239.00 1,216,550.54 0.00 0.00
Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance 1-A-1 0.00 0.00 83,837.54 0.00 22,025,201.50 1-A-2 0.02 0.00 967,018.78 0.00 240,677,331.30 1-A-3 0.00 0.00 93,152.82 0.00 22,025,201.50 1-A-R 0.00 0.00 0.00 0.00 0.00 A-PO 0.00 0.00 0.00 0.00 203,290.93 1-B-1 0.00 0.00 7,087.75 0.00 1,783,708.23 1-B-2 0.00 0.00 1,772.92 0.00 446,173.29 1-B-3 0.00 0.00 2,359.97 0.00 593,912.79 1-B-4 0.00 0.00 1,181.94 0.00 297,448.86 1-B-5 0.00 0.00 590.97 0.00 148,724.43 1-B-6 0.00 0.00 1,184.70 0.00 298,143.24 A-WIO 0.00 0.00 58,363.13 0.00 229,985,897.73 SES 0.00 0.00 49,887.99 0.00 288,499,137.54 Totals 0.02 0.00 1,266,438.51 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall 1-A-1 23,054,125.00 4.50000% 969.74737406 3.63655268 0.00000000 0.00000000 1-A-2 251,920,750.00 4.75000% 969.74737428 3.83858336 0.00000000 0.00000000 1-A-3 23,054,125.00 5.00000% 969.74737406 4.04061399 0.00000000 0.00000000 1-A-R 100.00 4.75000% 0.00000000 0.00000000 0.00000000 0.00000000 A-PO 207,434.00 0.00000% 986.18842620 0.00000000 0.00000000 0.00000000 1-B-1 1,811,000.00 4.75000% 988.72973495 3.91372170 0.00000000 0.00000000 1-B-2 453,000.00 4.75000% 988.72973510 3.91373068 0.00000000 0.00000000 1-B-3 603,000.00 4.75000% 988.72973466 3.91371476 0.00000000 0.00000000 1-B-4 302,000.00 4.75000% 988.72973510 3.91370861 0.00000000 0.00000000 1-B-5 151,000.00 4.75000% 988.72973510 3.91370861 0.00000000 0.00000000 1-B-6 302,705.00 4.75000% 988.72975339 3.91371137 0.00000000 0.00000000 A-WIO 0.00 0.29959% 966.47054130 0.24128564 0.00000000 0.00000000 SES 0.00 0.00000% 969.98616594 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance 1-A-1 0.00000000 0.00000000 3.63655268 0.00000000 955.36922351 1-A-2 0.00000008 0.00000000 3.83858328 0.00000000 955.36922346 1-A-3 0.00000000 0.00000000 4.04061399 0.00000000 955.36922351 1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-PO 0.00000000 0.00000000 0.00000000 0.00000000 980.02704475 1-B-1 0.00000000 0.00000000 3.91372170 0.00000000 984.93000000 1-B-2 0.00000000 0.00000000 3.91373068 0.00000000 984.93000000 1-B-3 0.00000000 0.00000000 3.91371476 0.00000000 984.93000000 1-B-4 0.00000000 0.00000000 3.91370861 0.00000000 984.93000000 1-B-5 0.00000000 0.00000000 3.91370861 0.00000000 984.93000000 1-B-6 0.00000000 0.00000000 3.91371137 0.00000000 984.93001437 A-WIO 0.00000000 0.00000000 0.24128564 0.00000000 950.81078449 SES 0.00000000 0.00000000 0.16526905 0.00000000 955.74062116 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 5,580,617.69 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 5,580,617.69 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 14,029.85 Payment of Interest and Principal 5,566,587.84 Total Withdrawals (Pool Distribution Amount) 5,580,617.69 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 12,199.92 Trustee Fee 1,829.93 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 14,029.85
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 1 0 0 1 423,591.00 0.00 0.00 423,591.00 30 Days 3 0 0 0 3 1,763,679.35 0.00 0.00 0.00 1,763,679.35 60 Days 1 0 0 0 1 658,569.41 0.00 0.00 0.00 658,569.41 90 Days 1 0 0 0 1 547,796.81 0.00 0.00 0.00 547,796.81 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 5 1 0 0 6 2,970,045.57 423,591.00 0.00 0.00 3,393,636.57 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.178253% 0.000000% 0.000000% 0.178253% 0.146346% 0.000000% 0.000000% 0.146346% 30 Days 0.534759% 0.000000% 0.000000% 0.000000% 0.534759% 0.609331% 0.000000% 0.000000% 0.000000% 0.609331% 60 Days 0.178253% 0.000000% 0.000000% 0.000000% 0.178253% 0.227528% 0.000000% 0.000000% 0.000000% 0.227528% 90 Days 0.178253% 0.000000% 0.000000% 0.000000% 0.178253% 0.189258% 0.000000% 0.000000% 0.000000% 0.189258% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.891266% 0.178253% 0.000000% 0.000000% 1.069519% 1.026117% 0.146346% 0.000000% 0.000000% 1.172463%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 23,508.87
COLLATERAL STATEMENT Collateral Description Fixed Weighted Average Gross Coupon 5.243375% Weighted Average Pass-Through Rate 4.985875% Weighted Average Maturity(Stepdown Calculation ) 174 Beginning Scheduled Collateral Loan Count 567 Number Of Loans Paid In Full 6 Ending Scheduled Collateral Loan Count 561 Beginning Scheduled Collateral Balance 292,799,286.86 Ending Scheduled Collateral Balance 288,499,137.54 Ending Actual Collateral Balance at 30-Nov-2003 289,445,036.51 Monthly P &I Constant 2,404,630.58 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Non-PO Optimal Amount 5,486,200.14 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans 288,499,137.54 Scheduled Principal 1,125,250.20 Unscheduled Principal 3,174,899.12
Miscellaneous Reporting CPR 12.307800% Subordinate Percentage 1.224177% Subordinate Prepayment Percentage 0.000000% Senior Prepayment Percentage 100.000000% Senior Percentage 98.775823%
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