8-K 1 aeg03003_dec.txt DECEMBER 8-K UNITED STATES 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 26, 2003 AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2003-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-90230-03 54-2135805 Pooling and Servicing Agreement) (Commission 54-2135807 (State or other File Number) 54-2135806 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank Minnesota, 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) ITEM 5. Other Events On December 26, 2003 a distribution was made to holders of AEGIS ASSET BACKED SECURITIES TRUST, Mortgage Pass-Through Certificates, Series 2003-3 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-3 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. AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2003-3 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/29/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-3 Trust, relating to the December 26, 2003 distribution. EX-99.1
AEGIS Asset Backed Securities Trust Mortgage Pass-Through Certificates Record Date: 11/30/03 Distribution Date: 12/26/03 AEGIS Series: 2003-3 Contact: CTSLink Customer Service Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Telephone: (301) 815-6600 Fax: (301) 815-6600 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A1 00764MAR8 SEN 1.52000% 210,140,000.00 319,412.80 2,632,696.15 A2A 00764MAS6 SEN 1.35000% 90,620,000.00 122,337.00 1,448,521.60 A2B 00764MAT4 SEN 1.68000% 25,000,000.00 42,000.00 0.00 AIO 00764MAU1 SEN 4.00000% 0.00 53,640.00 0.00 M1 00764MAV9 MEZ 1.82000% 26,650,000.00 48,503.00 0.00 M2 00764MAW7 MEZ 2.77000% 22,700,000.00 62,879.00 0.00 M3 00764MAX5 MEZ 2.97000% 7,900,000.00 23,463.00 0.00 B 00764MAY3 SUB 5.02000% 10,860,000.00 54,517.20 0.00 X AEG03003X SEN 0.00000% 991,892.15 0.16 0.00 P AEG03003P SEN 0.00000% 100.00 21,969.20 0.00 R AEG0303R1 RES 0.00000% 0.00 0.00 0.00 Totals 394,861,992.15 748,721.36 4,081,217.75
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 207,507,303.85 2,952,108.95 0.00 A2A 0.00 89,171,478.40 1,570,858.60 0.00 A2B 0.00 25,000,000.00 42,000.00 0.00 AIO 0.00 0.00 53,640.00 0.00 M1 0.00 26,650,000.00 48,503.00 0.00 M2 0.00 22,700,000.00 62,879.00 0.00 M3 0.00 7,900,000.00 23,463.00 0.00 B 0.00 10,860,000.00 54,517.20 0.00 X 0.00 2,780,587.89 0.16 0.00 P 0.00 100.00 21,969.20 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 392,569,470.14 4,829,939.11 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) A1 210,140,000.00 210,140,000.00 0.00 2,632,696.15 0.00 0.00 A2A 90,620,000.00 90,620,000.00 0.00 1,448,521.60 0.00 0.00 A2B 25,000,000.00 25,000,000.00 0.00 0.00 0.00 0.00 AIO 0.00 0.00 0.00 0.00 0.00 0.00 M1 26,650,000.00 26,650,000.00 0.00 0.00 0.00 0.00 M2 22,700,000.00 22,700,000.00 0.00 0.00 0.00 0.00 M3 7,900,000.00 7,900,000.00 0.00 0.00 0.00 0.00 B 10,860,000.00 10,860,000.00 0.00 0.00 0.00 0.00 X 991,892.15 991,892.15 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Totals 394,861,992.15 394,861,992.15 0.00 4,081,217.75 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 A1 2,632,696.15 207,507,303.85 0.98747170 2,632,696.15 A2A 1,448,521.60 89,171,478.40 0.98401543 1,448,521.60 A2B 0.00 25,000,000.00 1.00000000 0.00 AIO 0.00 0.00 0.00000000 0.00 M1 0.00 26,650,000.00 1.00000000 0.00 M2 0.00 22,700,000.00 1.00000000 0.00 M3 0.00 7,900,000.00 1.00000000 0.00 B 0.00 10,860,000.00 1.00000000 0.00 X 0.00 2,780,587.89 2.80331676 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 4,081,217.75 392,569,470.14 0.99419412 4,081,217.75
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 210,140,000.00 1000.00000000 0.00000000 12.52829614 0.00000000 A2A 90,620,000.00 1000.00000000 0.00000000 15.98456853 0.00000000 A2B 25,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 AIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M1 26,650,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 22,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 7,900,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 10,860,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 991,892.15 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A1 0.00000000 12.52829614 987.47170386 0.98747170 12.52829614 A2A 0.00000000 15.98456853 984.01543147 0.98401543 15.98456853 A2B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 AIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 2,803.31676181 2.80331676 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R 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 A1 210,140,000.00 1.52000% 210,140,000.00 319,412.80 0.00 0.00 A2A 90,620,000.00 1.35000% 90,620,000.00 122,337.00 0.00 0.00 A2B 25,000,000.00 1.68000% 25,000,000.00 42,000.00 0.00 0.00 AIO 0.00 4.00000% 16,092,000.00 53,640.00 0.00 0.00 M1 26,650,000.00 1.82000% 26,650,000.00 48,503.00 0.00 0.00 M2 22,700,000.00 2.77000% 22,700,000.00 62,879.00 0.00 0.00 M3 7,900,000.00 2.97000% 7,900,000.00 23,463.00 0.00 0.00 B 10,860,000.00 5.02000% 10,860,000.00 54,517.20 0.00 0.00 X 991,892.15 0.00000% 991,892.15 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 394,861,992.15 726,752.00 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 A1 0.00 0.00 319,412.80 0.00 207,507,303.85 A2A 0.00 0.00 122,337.00 0.00 89,171,478.40 A2B 0.00 0.00 42,000.00 0.00 25,000,000.00 AIO 0.00 0.00 53,640.00 0.00 16,092,000.00 M1 0.00 0.00 48,503.00 0.00 26,650,000.00 M2 0.00 0.00 62,879.00 0.00 22,700,000.00 M3 0.00 0.00 23,463.00 0.00 7,900,000.00 B 0.00 0.00 54,517.20 0.00 10,860,000.00 X 0.00 0.00 0.16 0.00 2,780,587.89 P 0.00 0.00 21,969.20 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 748,721.36 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 A1 210,140,000.00 1.52000% 1000.00000000 1.52000000 0.00000000 0.00000000 A2A 90,620,000.00 1.35000% 1000.00000000 1.35000000 0.00000000 0.00000000 A2B 25,000,000.00 1.68000% 1000.00000000 1.68000000 0.00000000 0.00000000 AIO 0.00 4.00000% 1000.00000000 3.33333333 0.00000000 0.00000000 M1 26,650,000.00 1.82000% 1000.00000000 1.82000000 0.00000000 0.00000000 M2 22,700,000.00 2.77000% 1000.00000000 2.77000000 0.00000000 0.00000000 M3 7,900,000.00 2.97000% 1000.00000000 2.97000000 0.00000000 0.00000000 B 10,860,000.00 5.02000% 1000.00000000 5.02000000 0.00000000 0.00000000 X 991,892.15 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 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 A1 0.00000000 0.00000000 1.52000000 0.00000000 987.47170386 A2A 0.00000000 0.00000000 1.35000000 0.00000000 984.01543147 A2B 0.00000000 0.00000000 1.68000000 0.00000000 1000.00000000 AIO 0.00000000 0.00000000 3.33333333 0.00000000 1000.00000000 M1 0.00000000 0.00000000 1.82000000 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.77000000 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.97000000 0.00000000 1000.00000000 B 0.00000000 0.00000000 5.02000000 0.00000000 1000.00000000 X 0.00000000 0.00000000 0.00016131 0.00000000 2803.31676181 P 0.00000000 0.00000000 219692.00000000 0.00000000 1000.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 4,841,812.99 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 138,829.09 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 21,969.20 Total Deposits 5,002,611.28 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 172,672.17 Payment of Interest and Principal 4,829,939.11 Total Withdrawals (Pool Distribution Amount) 5,002,611.28 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 164,495.22 Credit Risk Fee 4,935.77 Trustee Fee 3,241.18 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 172,672.17
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.16 0.16 1,000.00 Financial Guaranty 0.00 0.00 0.00 0.00
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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 124 0 0 0 124 16,219,617.85 0.00 0.00 0.00 16,219,617.85 60 Days 15 0 0 0 15 2,146,995.83 0.00 0.00 0.00 2,146,995.83 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 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 139 0 0 0 139 18,366,613.68 0.00 0.00 0.00 18,366,613.68 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 4.025974% 0.000000% 0.000000% 0.000000% 4.025974% 4.131655% 0.000000% 0.000000% 0.000000% 4.131655% 60 Days 0.487013% 0.000000% 0.000000% 0.000000% 0.487013% 0.546909% 0.000000% 0.000000% 0.000000% 0.546909% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 4.512987% 0.000000% 0.000000% 0.000000% 4.512987% 4.678564% 0.000000% 0.000000% 0.000000% 4.678564%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 138,829.09
COLLATERAL STATEMENT Collateral Description Fixed Mixed & ARM & Balloon Weighted Average Gross Coupon 8.169294% Weighted Average Net Coupon 7.664454% Weighted Average Pass-Through Rate 7.664454% Weighted Average Maturity(Stepdown Calculation ) 349 Beginning Scheduled Collateral Loan Count 3,097 Number Of Loans Paid In Full 17 Ending Scheduled Collateral Loan Count 3,080 Beginning Scheduled Collateral Balance 394,861,992.15 Ending Scheduled Collateral Balance 392,569,470.13 Ending Actual Collateral Balance at 30-Nov-2003 392,569,470.13 Monthly P &I Constant 2,988,280.38 Special Servicing Fee 0.00 Prepayment Penalties 21,969.20 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 392,569,470.13 Scheduled Principal 300,160.48 Unscheduled Principal 1,992,361.54 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 17,768,789.65 Overcollateralized Amount 2,780,687.89 Overcollateralized Deficiency Amount 14,988,101.76 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 1,788,695.74 Excess Cash Amount 1,788,695.74
Miscellaneous Reporting LIBOR Index Rate 1.120%