8-K 1 d185899.txt ARGENT SECURITIES INC ================================================================================ 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): November 20, 2003 ARGENT SECURITIES INC. (as depositor under the Pooling and Servicing Agreement, dated as of November 1, 2003, providing for the issuance of Asset-Backed Pass-Through Certificates, Series 2003-W7) Argent Securities Inc. ---------------------- (Exact name of registrant as specified in its charter) -------------------------------------------------------------------------------- Delaware 333-109164 77-0599834 -------- ---------- ---------- (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification Number) 1100 Town & Country Road, Suite 1100 Orange, California 92868 ------------------ ----- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (714) 564-0660 -------------- ================================================================================ -2- Item 2. Acquisition or Disposition of Assets ------------------------------------ Description of the Certificates and the Mortgage Pool On November 10, 2003, a series of certificates, entitled Argent Securities Inc. Asset- Backed Pass-Through Certificates, Series 2003-W7 (the "Certificates"), were issued pursuant to a pooling and servicing agreement, dated as of November 1, 2003 (the "Agreement"), attached hereto as Exhibit 4.1, among Argent Securities Inc. as depositor (the "Depositor"), Ameriquest Mortgage Company ("Ameriquest") as master servicer (the "Master Servicer") and Deutsche Bank National Trust Company as trustee (the "Trustee"). The Certificates consist of seventeen classes of certificates (collectively, the "Certificates"), designated as the "Class A-1 Certificates", "Class A-2 Certificates", "Class A-2A Certificates", "Class A-2B Certificates", "Class M-1 Certificates", "Class M-2 Certificates", "Class M-3 Certificates", "Class M-3A Certificates", "Class M-3B Certificates", "Class M-4A Certificates", "Class M-4B Certificates", "Class M-5 Certificates", "Class M-6 Certificates," "Class CE Certificates", "Class P Certificates", "Class R Certificates"and "Class R-X Certificates". The Certificates evidence in the aggregate the entire beneficial ownership interest in a trust fund (the "Trust Fund"), consisting of a pool of mortgage loans (the "Mortgage Pool'") of conventional, one- to four- family, adjustable rate and fixed rate, first lien mortgage loans having original terms to maturity up to 30 years (the "Mortgage Loans"). The Mortgage Pool consist of Mortgage Loans having an aggregate principal balance of approximately $1,125,000,127.00 as of November 1, 2003 (the "Cut-off Date"). The Mortgage Loans were purchased pursuant to (i) the Mortgage Loan Purchase Agreement, dated November 6, 2003, between Ameriquest as seller and the Depositor (the "Mortgage Loan Purchase Agreement"). The Class A-1 Certificates, Class A-2 Certificates, the Class A-2A Certificates, the Class A-2B Certificates, the Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, the Class M-3A Certificates, the Class M-3B Certificates, the Class M-4A Certificates, the Class M-4B Certificates, Class M-5 Certificates and 55.56% of the Class M-6 Certificates were sold by the Depositor to Credit Suisse First Boston LLC (the "Underwriter"), pursuant to an Underwriting Agreement, dated November 6, 2003 (the "Underwriting Agreement") among the Depositor, Ameriquest and the Underwriter. The Certificates have the following initial Certificate Balances and Pass-Through Rates:

-3- (1) Approximate. (2) The pass-through rate on each class of Offered Certificates is generally based on one-month LIBOR plus an applicable margin, subject to increase and subject to a rate cap, as described in this prospectus supplement. The Certificates, other than the Class CE Certificates, the Class P Certificates the Class R Certificates and the Class R-X Certificates, and the Mortgage Loans are more particularly described in the Prospectus Supplement, dated November 6, 2003 (the "Prospectus Supplement"), and the Prospectus, dated November 3, 2003, as previously filed with the Securities and Exchange Commission pursuant to Rule 424(b). The Class CE Certificates, the Class P Certificates, the Class R Certificates and the Class R-X Certificates have not been and will not be publicly offered by the Depositor. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Prospectus Supplement. -4- Item 7. Financial Statements and Exhibits --------------------------------- (a) Not applicable (b) Not applicable (c) Exhibits

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: November 20, 2003 ARGENT SECURITIES INC. By: /s/ John P. Grazer -------------------------- Name: John P. Grazer Title: CFO

Exhibit 4.1

Filing Compare · ASSET-BACKED PASS-THROUGH CERTIFICATES SERIES 2003-W7