8-K 1 ba764594-8k.txt CURRENT REPORT 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: December 23, 2003 (Date of earliest event reported) Commission File No. 333-105940 Banc of America Mortgage Securities, Inc. -------------------------------------------------------------------------------- Delaware 36-4514369 -------------------------------------------------------------------------------- (State of Incorporation) (I.R.S. Employer Identification No.) 201 North Tryon Street, Charlotte, North Carolina 28255 -------------------------------------------------------------------------------- Address of principal executive offices (Zip Code) (704) 387-8239 -------------------------------------------------------------------------------- Registrant's Telephone Number, including area code -------------------------------------------------------------------------------- (Former name, former address and former fiscal year, if changed since last report) ITEM 5. Other Events ------------ On December 23, 2003, Banc of America Mortgage Securities, Inc., a Delaware corporation (the "Registrant"), sold Banc of America Alternative Loan Trust 2003-11 Mortgage Pass-Through Certificates, Series 2003-11, Class 1-A-1, Class 1-A-R, Class 1-A-LR, Class 2-A-1, Class CB-IO, Class 3-A-1, Class 3-IO, Class 4-A-1, Class 4-A-2, Class 5-A-1, Class 5-A-2, Class 15-IO, Class PO, Class 30-B-1, Class 30-B-2, Class 30-B-3, Class 15-B-1, Class 15-B-2 and Class 15-B-3 (the "Offered Certificates"), having an aggregate original principal balance of $333,241,745.00. The Offered Certificates were issued pursuant to a Pooling and Servicing Agreement, dated December 23, 2003, among the Registrant, Bank of America, N.A., as servicer ("BANA") and Wells Fargo Bank Minnesota, National Association, as trustee (the "Agreement"), a copy of which is filed as an exhibit hereto. Mortgage Pass-Through Certificates, Series 2003-11, Class SES, Class 30-B-4, Class 30-B-5 Class 30-B-6, Class 15-B-4, Class 15-B-5 and Class 15-B-6 Certificates, having an aggregate initial principal balance of $4,079,803.00 (the "Private Certificates" and, together with the Offered Certificates, the "Certificates"), were also issued pursuant to the Agreement. As of the date of initial issuance, the Offered Certificates evidenced an approximate 98.79% undivided interest in a trust (the "Trust"), consisting principally of five pools of fixed interest rate, conventional, monthly pay, fully-amortizing, one- to four-family residential first mortgage loans. The remaining undivided interests in the Trust are evidenced by the Private Certificates distributions on which are subordinated to distributions on the Offered Certificates. Interest on the Offered Certificates will be distributed on each Distribution Date (as defined in the Agreement). Monthly distributions in reduction of the principal balance of the Offered Certificates will be allocated to the Offered Certificates in accordance with the priorities set forth in the Agreement. Distributions of interest and in reduction of principal balance on any Distribution Date will be made to the extent that the related Pool Distribution Amount is sufficient therefor. Elections will be made to treat the Trust as two separate REMICs for federal income tax purposes (the "Upper-Tier REMIC" and the "Lower-Tier REMIC" and each a "REMIC"). The Class 1-A-1, Class 2-A-1, Class 3-A-1, Class 3-IO, Class 4-A-1, Class 4-A-2, Class 5-A-1, Class 5-A-2, Class 30-B-1, Class 30-B-2, Class 30-B-3, Class 30-B-4, Class 30-B-5, Class 30-B-6, Class 15-B-1, Class 15-B-2, Class 15-B-3, Class 15-B-4, Class 15-B-5 and Class 15-B-6 Certificates and each Class IO, Class PO and Class SES Component will be treated as "regular interests" in the REMIC and the Class 1-A-R and Class 1-A-LR Certificates will be treated as the "residual interest" in the Upper-Tier REMIC and the Lower-Tier REMIC, respectively. ITEM 7. Financial Statements and Exhibits --------------------------------- (c) Exhibits Item 601(a) of Regulation S-K Exhibit No. Description ----------- ----------- (EX-4) Pooling and Servicing Agreement, dated December 23, 2003, among Banc of America Mortgage Securities, Inc., Bank of America, N.A. and Wells Fargo Bank Minnesota, National Association, as trustee. 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. December 23, 2003 By: /s/ Judy Lowman -------------------------------------- Name: Judy Lowman Title: Vice President INDEX TO EXHIBITS ----------------- Paper (P) or Exhibit No. Description Electronic (E) ----------- ----------- -------------- (EX-4) Pooling and Servicing Agreement, E dated December 23, 2003 among Banc of America Mortgage Securities, Inc., Bank of America, N.A. and Wells Fargo Bank Minnesota, National Association, as trustee.

Banc of America Alternative Loan Trust Mortgage Pass-Through Certificates Record Date: 12/31/03 Distribution Date: 1/26/04 BAA Series: 2003-11 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, 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 05948KJJ9 SEN 6.00000% 136,100,000.00 680,499.98 858,347.22 1-A-R 05948KJK6 SEN 6.00000% 50.00 0.25 50.00 1-A-LR 05948KJL4 SEN 6.00000% 50.00 0.25 50.00 2-A-1 05948KJM2 SEN 6.00000% 67,940,000.00 339,699.99 359,627.64 CB-IO 05948KJN0 IO 0.33240% 0.00 27,322.56 0.00 3-A-1 05948KJP5 SEN 6.00000% 15,462,000.00 77,310.00 14,768.21 3-IO 05948KJQ3 IO 0.47344% 0.00 2,567.31 0.00 4-A-1 05948KJR1 SEN 4.75000% 48,839,000.00 193,321.04 202,719.08 4-A-2 05948KJS9 SEN 4.75000% 693,000.00 2,743.12 2,876.48 5-A-1 05948KJT7 SEN 5.50000% 44,880,000.00 205,700.00 542,292.36 5-A-2 05948KJU4 SEN 5.50000% 631,000.00 2,892.08 7,624.48 15-IO 05948KJV2 IO 0.35316% 0.00 21,831.21 0.00 PO 05948KJW0 PO 0.00000% 7,017,645.00 0.00 61,080.14 15-B-1 05948KKA6 SUB 5.10771% 1,276,000.00 5,431.20 4,741.95 15-B-2 05948KJY6 SUB 5.10771% 490,000.00 2,085.65 1,820.97 15-B-3 05948KJH3 SUB 5.10771% 343,000.00 1,459.95 1,274.68 15-B-4 05948KKG3 SUB 5.10771% 196,000.00 834.26 728.39 15-B-5 05948KKH1 SUB 5.10771% 99,000.00 421.39 367.91 15-B-6 05948KKJ7 SUB 5.10771% 196,248.00 835.32 729.31 30-B-1 05948KJX8 SUB 6.00000% 5,742,000.00 28,710.00 5,710.50 30-B-2 05948KJY6 SUB 6.00000% 2,631,000.00 13,155.00 2,616.57 30-B-3 05948KJZ3 SUB 6.00000% 1,197,000.00 5,985.00 1,190.43 30-B-4 05948KKD0 SUB 6.00000% 1,555,000.00 7,775.00 1,546.47 30-B-5 05948KKE8 SUB 6.00000% 956,000.00 4,780.00 950.76 30-B-6 05948KKF5 SUB 6.00000% 1,077,555.00 5,387.77 1,071.64 SES 05948KKC2 SEN 0.00000% 0.00 57,795.87 0.00 Totals 337,321,548.00 1,688,544.20 2,072,185.19

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A-1 0.00 135,241,652.78 1,538,847.20 0.00 1-A-R 0.00 0.00 50.25 0.00 1-A-LR 0.00 0.00 50.25 0.00 2-A-1 0.00 67,580,372.36 699,327.63 0.00 CB-IO 0.00 0.00 27,322.56 0.00 3-A-1 0.00 15,447,231.79 92,078.21 0.00 3-IO 0.00 0.00 2,567.31 0.00 4-A-1 0.00 48,636,280.92 396,040.12 0.00 4-A-2 0.00 690,123.52 5,619.60 0.00 5-A-1 0.00 44,337,707.64 747,992.36 0.00 5-A-2 0.00 623,375.52 10,516.56 0.00 15-IO 0.00 0.00 21,831.21 0.00 PO 0.00 6,956,564.86 61,080.14 0.00 15-B-1 0.00 1,271,258.05 10,173.15 0.00 15-B-2 0.00 488,179.03 3,906.62 0.00 15-B-3 0.00 341,725.32 2,734.63 0.00 15-B-4 0.00 195,271.61 1,562.65 0.00 15-B-5 0.00 98,632.09 789.30 0.00 15-B-6 0.00 195,518.69 1,564.63 0.00 30-B-1 0.00 5,736,289.50 34,420.50 0.00 30-B-2 0.00 2,628,383.43 15,771.57 0.00 30-B-3 0.00 1,195,809.57 7,175.43 0.00 30-B-4 0.00 1,553,453.53 9,321.47 0.00 30-B-5 0.00 955,049.24 5,730.76 0.00 30-B-6 0.00 1,076,483.36 6,459.41 0.00 SES 0.00 0.00 57,795.87 0.00 Totals 0.00 335,249,362.81 3,760,729.39 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-1 136,100,000.00 136,100,000.00 137,854.84 720,492.38 0.00 0.00 1-A-R 50.00 50.00 8.03 41.97 0.00 0.00 1-A-LR 50.00 50.00 8.03 41.97 0.00 0.00 2-A-1 67,940,000.00 67,940,000.00 65,817.97 293,809.67 0.00 0.00 CB-IO 0.00 0.00 0.00 0.00 0.00 0.00 3-A-1 15,462,000.00 15,462,000.00 14,610.82 157.39 0.00 0.00 3-IO 0.00 0.00 0.00 0.00 0.00 0.00 4-A-1 48,839,000.00 48,839,000.00 186,885.26 15,833.82 0.00 0.00 4-A-2 693,000.00 693,000.00 2,651.80 224.67 0.00 0.00 5-A-1 44,880,000.00 44,880,000.00 161,357.00 380,935.36 0.00 0.00 5-A-2 631,000.00 631,000.00 2,268.63 5,355.84 0.00 0.00 15-IO 0.00 0.00 0.00 0.00 0.00 0.00 PO 7,017,645.00 7,017,645.00 9,222.73 51,857.41 0.00 0.00 15-B-1 1,276,000.00 1,276,000.00 4,741.95 0.00 0.00 0.00 15-B-2 490,000.00 490,000.00 1,820.97 0.00 0.00 0.00 15-B-3 343,000.00 343,000.00 1,274.68 0.00 0.00 0.00 15-B-4 196,000.00 196,000.00 728.39 0.00 0.00 0.00 15-B-5 99,000.00 99,000.00 367.91 0.00 0.00 0.00 15-B-6 196,248.00 196,248.00 729.31 0.00 0.00 0.00 30-B-1 5,742,000.00 5,742,000.00 5,710.50 0.00 0.00 0.00 30-B-2 2,631,000.00 2,631,000.00 2,616.57 0.00 0.00 0.00 30-B-3 1,197,000.00 1,197,000.00 1,190.43 0.00 0.00 0.00 30-B-4 1,555,000.00 1,555,000.00 1,546.47 0.00 0.00 0.00 30-B-5 956,000.00 956,000.00 950.76 0.00 0.00 0.00 30-B-6 1,077,555.00 1,077,555.00 1,071.64 0.00 0.00 0.00 SES 0.00 0.00 0.00 0.00 0.00 0.00 Totals 337,321,548.00 337,321,548.00 603,434.69 1,468,750.48 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-1 858,347.22 135,241,652.78 0.99369326 858,347.22 1-A-R 50.00 0.00 0.00000000 50.00 1-A-LR 50.00 0.00 0.00000000 50.00 2-A-1 359,627.64 67,580,372.36 0.99470669 359,627.64 CB-IO 0.00 0.00 0.00000000 0.00 3-A-1 14,768.21 15,447,231.79 0.99904487 14,768.21 3-IO 0.00 0.00 0.00000000 0.00 4-A-1 202,719.08 48,636,280.92 0.99584924 202,719.08 4-A-2 2,876.48 690,123.52 0.99584924 2,876.48 5-A-1 542,292.36 44,337,707.64 0.98791684 542,292.36 5-A-2 7,624.48 623,375.52 0.98791683 7,624.48 15-IO 0.00 0.00 0.00000000 0.00 PO 61,080.14 6,956,564.86 0.99129621 61,080.14 15-B-1 4,741.95 1,271,258.05 0.99628374 4,741.95 15-B-2 1,820.97 488,179.03 0.99628373 1,820.97 15-B-3 1,274.68 341,725.32 0.99628373 1,274.68 15-B-4 728.39 195,271.61 0.99628372 728.39 15-B-5 367.91 98,632.09 0.99628374 367.91 15-B-6 729.31 195,518.69 0.99628373 729.31 30-B-1 5,710.50 5,736,289.50 0.99900549 5,710.50 30-B-2 2,616.57 2,628,383.43 0.99900548 2,616.57 30-B-3 1,190.43 1,195,809.57 0.99900549 1,190.43 30-B-4 1,546.47 1,553,453.53 0.99900549 1,546.47 30-B-5 950.76 955,049.24 0.99900548 950.76 30-B-6 1,071.64 1,076,483.36 0.99900549 1,071.64 SES 0.00 0.00 0.00000000 0.00 Totals 2,072,185.19 335,249,362.81 0.99385694 2,072,185.19

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 136,100,000.00 1000.00000000 1.01289375 5.29384555 0.00000000 1-A-R 50.00 1000.00000000 160.60000000 839.40000000 0.00000000 1-A-LR 50.00 1000.00000000 160.60000000 839.40000000 0.00000000 2-A-1 67,940,000.00 1000.00000000 0.96876612 4.32454622 0.00000000 CB-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 3-A-1 15,462,000.00 1000.00000000 0.94495020 0.01017915 0.00000000 3-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 4-A-1 48,839,000.00 1000.00000000 3.82655787 0.32420443 0.00000000 4-A-2 693,000.00 1000.00000000 3.82655123 0.32419913 0.00000000 5-A-1 44,880,000.00 1000.00000000 3.59529857 8.48786453 0.00000000 5-A-2 631,000.00 1000.00000000 3.59529319 8.48786054 0.00000000 15-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 PO 7,017,645.00 1000.00000000 1.31422008 7.38957442 0.00000000 15-B-1 1,276,000.00 1000.00000000 3.71626176 0.00000000 0.00000000 15-B-2 490,000.00 1000.00000000 3.71626531 0.00000000 0.00000000 15-B-3 343,000.00 1000.00000000 3.71626822 0.00000000 0.00000000 15-B-4 196,000.00 1000.00000000 3.71627551 0.00000000 0.00000000 15-B-5 99,000.00 1000.00000000 3.71626263 0.00000000 0.00000000 15-B-6 196,248.00 1000.00000000 3.71626717 0.00000000 0.00000000 30-B-1 5,742,000.00 1000.00000000 0.99451411 0.00000000 0.00000000 30-B-2 2,631,000.00 1000.00000000 0.99451539 0.00000000 0.00000000 30-B-3 1,197,000.00 1000.00000000 0.99451128 0.00000000 0.00000000 30-B-4 1,555,000.00 1000.00000000 0.99451447 0.00000000 0.00000000 30-B-5 956,000.00 1000.00000000 0.99451883 0.00000000 0.00000000 30-B-6 1,077,555.00 1000.00000000 0.99451072 0.00000000 0.00000000 SES 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All deals 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 6.30673931 993.69326069 0.99369326 6.30673931 1-A-R 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 1-A-LR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 2-A-1 0.00000000 5.29331233 994.70668767 0.99470669 5.29331233 CB-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3-A-1 0.00000000 0.95512935 999.04487065 0.99904487 0.95512935 3-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 4-A-1 0.00000000 4.15076230 995.84923770 0.99584924 4.15076230 4-A-2 0.00000000 4.15076479 995.84923521 0.99584924 4.15076479 5-A-1 0.00000000 12.08316310 987.91683690 0.98791684 12.08316310 5-A-2 0.00000000 12.08316957 987.91683043 0.98791683 12.08316957 15-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 PO 0.00000000 8.70379451 991.29620549 0.99129621 8.70379451 15-B-1 0.00000000 3.71626176 996.28373824 0.99628374 3.71626176 15-B-2 0.00000000 3.71626531 996.28373469 0.99628373 3.71626531 15-B-3 0.00000000 3.71626822 996.28373178 0.99628373 3.71626822 15-B-4 0.00000000 3.71627551 996.28372449 0.99628372 3.71627551 15-B-5 0.00000000 3.71626263 996.28373737 0.99628374 3.71626263 15-B-6 0.00000000 3.71626717 996.28373283 0.99628373 3.71626717 30-B-1 0.00000000 0.99451411 999.00548589 0.99900549 0.99451411 30-B-2 0.00000000 0.99451539 999.00548461 0.99900548 0.99451539 30-B-3 0.00000000 0.99451128 999.00548872 0.99900549 0.99451128 30-B-4 0.00000000 0.99451447 999.00548553 0.99900549 0.99451447 30-B-5 0.00000000 0.99451883 999.00548117 0.99900548 0.99451883 30-B-6 0.00000000 0.99451072 999.00548928 0.99900549 0.99451072 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-1 136,100,000.00 6.00000% 136,100,000.00 680,500.00 0.00 0.00 1-A-R 50.00 6.00000% 50.00 0.25 0.00 0.00 1-A-LR 50.00 6.00000% 50.00 0.25 0.00 0.00 2-A-1 67,940,000.00 6.00000% 67,940,000.00 339,700.00 0.00 0.00 CB-IO 0.00 0.33240% 98,636,576.30 27,322.56 0.00 0.00 3-A-1 15,462,000.00 6.00000% 15,462,000.00 77,310.00 0.00 0.00 3-IO 0.00 0.47344% 6,507,294.00 2,567.31 0.00 0.00 4-A-1 48,839,000.00 4.75000% 48,839,000.00 193,321.04 0.00 0.00 4-A-2 693,000.00 4.75000% 693,000.00 2,743.13 0.00 0.00 5-A-1 44,880,000.00 5.50000% 44,880,000.00 205,700.00 0.00 0.00 5-A-2 631,000.00 5.50000% 631,000.00 2,892.08 0.00 0.00 15-IO 0.00 0.35316% 74,179,426.66 21,831.21 0.00 0.00 PO 7,017,645.00 0.00000% 7,017,645.00 0.00 0.00 0.00 15-B-1 1,276,000.00 5.10771% 1,276,000.00 5,431.20 0.00 0.00 15-B-2 490,000.00 5.10771% 490,000.00 2,085.65 0.00 0.00 15-B-3 343,000.00 5.10771% 343,000.00 1,459.95 0.00 0.00 15-B-4 196,000.00 5.10771% 196,000.00 834.26 0.00 0.00 15-B-5 99,000.00 5.10771% 99,000.00 421.39 0.00 0.00 15-B-6 196,248.00 5.10771% 196,248.00 835.32 0.00 0.00 30-B-1 5,742,000.00 6.00000% 5,742,000.00 28,710.00 0.00 0.00 30-B-2 2,631,000.00 6.00000% 2,631,000.00 13,155.00 0.00 0.00 30-B-3 1,197,000.00 6.00000% 1,197,000.00 5,985.00 0.00 0.00 30-B-4 1,555,000.00 6.00000% 1,555,000.00 7,775.00 0.00 0.00 30-B-5 956,000.00 6.00000% 956,000.00 4,780.00 0.00 0.00 30-B-6 1,077,555.00 6.00000% 1,077,555.00 5,387.78 0.00 0.00 SES 0.00 0.00000% 337,321,548.80 0.00 0.00 0.00 Totals 337,321,548.00 1,630,748.38 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 0.02 0.00 680,499.98 0.00 135,241,652.78 1-A-R 0.00 0.00 0.25 0.00 0.00 1-A-LR 0.00 0.00 0.25 0.00 0.00 2-A-1 0.01 0.00 339,699.99 0.00 67,580,372.36 CB-IO 0.00 0.00 27,322.56 0.00 98,345,896.32 3-A-1 0.00 0.00 77,310.00 0.00 15,447,231.79 3-IO 0.00 0.00 2,567.31 0.00 6,501,636.21 4-A-1 0.00 0.00 193,321.04 0.00 48,636,280.92 4-A-2 0.00 0.00 2,743.12 0.00 690,123.52 5-A-1 0.00 0.00 205,700.00 0.00 44,337,707.64 5-A-2 0.00 0.00 2,892.08 0.00 623,375.52 15-IO 0.00 0.00 21,831.21 0.00 73,514,719.06 PO 0.00 0.00 0.00 0.00 6,956,564.86 15-B-1 0.00 0.00 5,431.20 0.00 1,271,258.05 15-B-2 0.00 0.00 2,085.65 0.00 488,179.03 15-B-3 0.00 0.00 1,459.95 0.00 341,725.32 15-B-4 0.00 0.00 834.26 0.00 195,271.61 15-B-5 0.00 0.00 421.39 0.00 98,632.09 15-B-6 0.00 0.00 835.32 0.00 195,518.69 30-B-1 0.00 0.00 28,710.00 0.00 5,736,289.50 30-B-2 0.00 0.00 13,155.00 0.00 2,628,383.43 30-B-3 0.00 0.00 5,985.00 0.00 1,195,809.57 30-B-4 0.00 0.00 7,775.00 0.00 1,553,453.53 30-B-5 0.00 0.00 4,780.00 0.00 955,049.24 30-B-6 0.00 0.00 5,387.77 0.00 1,076,483.36 SES 0.00 0.00 57,795.87 0.00 335,249,363.63 Totals 0.03 0.00 1,688,544.20 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-1 136,100,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 1-A-R 50.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 1-A-LR 50.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 2-A-1 67,940,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 CB-IO 0.00 0.33240% 1000.00000000 0.27700232 0.00000000 0.00000000 3-A-1 15,462,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 3-IO 0.00 0.47344% 1000.00000000 0.39452805 0.00000000 0.00000000 4-A-1 48,839,000.00 4.75000% 1000.00000000 3.95833330 0.00000000 0.00000000 4-A-2 693,000.00 4.75000% 1000.00000000 3.95834055 0.00000000 0.00000000 5-A-1 44,880,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 5-A-2 631,000.00 5.50000% 1000.00000000 4.58332805 0.00000000 0.00000000 15-IO 0.00 0.35316% 1000.00000000 0.29430276 0.00000000 0.00000000 PO 7,017,645.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 15-B-1 1,276,000.00 5.10771% 1000.00000000 4.25642633 0.00000000 0.00000000 15-B-2 490,000.00 5.10771% 1000.00000000 4.25642857 0.00000000 0.00000000 15-B-3 343,000.00 5.10771% 1000.00000000 4.25641399 0.00000000 0.00000000 15-B-4 196,000.00 5.10771% 1000.00000000 4.25642857 0.00000000 0.00000000 15-B-5 99,000.00 5.10771% 1000.00000000 4.25646465 0.00000000 0.00000000 15-B-6 196,248.00 5.10771% 1000.00000000 4.25645102 0.00000000 0.00000000 30-B-1 5,742,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 30-B-2 2,631,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 30-B-3 1,197,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 30-B-4 1,555,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 30-B-5 956,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 30-B-6 1,077,555.00 6.00000% 1000.00000000 5.00000464 0.00000000 0.00000000 SES 0.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 (5) All deals 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 0.00000015 0.00000000 4.99999985 0.00000000 993.69326069 1-A-R 0.00000000 0.00000000 5.00000000 0.00000000 0.00000000 1-A-LR 0.00000000 0.00000000 5.00000000 0.00000000 0.00000000 2-A-1 0.00000015 0.00000000 4.99999985 0.00000000 994.70668767 CB-IO 0.00000000 0.00000000 0.27700232 0.00000000 997.05302038 3-A-1 0.00000000 0.00000000 5.00000000 0.00000000 999.04487065 3-IO 0.00000000 0.00000000 0.39452805 0.00000000 999.13054643 4-A-1 0.00000000 0.00000000 3.95833330 0.00000000 995.84923770 4-A-2 0.00000000 0.00000000 3.95832612 0.00000000 995.84923521 5-A-1 0.00000000 0.00000000 4.58333333 0.00000000 987.91683690 5-A-2 0.00000000 0.00000000 4.58332805 0.00000000 987.91683043 15-IO 0.00000000 0.00000000 0.29430276 0.00000000 991.03919200 PO 0.00000000 0.00000000 0.00000000 0.00000000 991.29620549 15-B-1 0.00000000 0.00000000 4.25642633 0.00000000 996.28373824 15-B-2 0.00000000 0.00000000 4.25642857 0.00000000 996.28373469 15-B-3 0.00000000 0.00000000 4.25641399 0.00000000 996.28373178 15-B-4 0.00000000 0.00000000 4.25642857 0.00000000 996.28372449 15-B-5 0.00000000 0.00000000 4.25646465 0.00000000 996.28373737 15-B-6 0.00000000 0.00000000 4.25645102 0.00000000 996.28373283 30-B-1 0.00000000 0.00000000 5.00000000 0.00000000 999.00548589 30-B-2 0.00000000 0.00000000 5.00000000 0.00000000 999.00548461 30-B-3 0.00000000 0.00000000 5.00000000 0.00000000 999.00548872 30-B-4 0.00000000 0.00000000 5.00000000 0.00000000 999.00548553 30-B-5 0.00000000 0.00000000 5.00000000 0.00000000 999.00548117 30-B-6 0.00000000 0.00000000 4.99999536 0.00000000 999.00548928 SES 0.00000000 0.00000000 0.17133762 0.00000000 993.85694398 (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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage 1-IO 0.30835% 69,751,784.40 69,489,896.30 0.00 0.00 99.62454280% 2-IO 0.39049% 28,884,791.90 28,856,000.02 0.00 0.00 99.90032166% 3-IO-1 0.30835% 69,751,784.40 69,489,896.30 0.00 0.00 99.62454280% 4-IO 0.42039% 39,287,713.41 39,126,543.66 0.00 0.00 99.58977060% 5-IO 0.27746% 34,891,713.25 34,388,175.40 0.00 0.00 98.55685547% 1-PO 0.00000% 0.00 0.00 4,040,184.00 4,014,089.16 99.35411754% 2-PO 0.00000% 0.00 0.00 2,129,975.00 2,097,271.86 98.46462329% 3-PO 0.00000% 0.00 0.00 405,473.00 405,055.76 99.89709796% 4-PO 0.00000% 0.00 0.00 425,819.00 424,023.49 99.57833962% 5-PO 0.00000% 0.00 0.00 16,194.00 16,124.58 99.57132271% 1-SES 0.00000% 148,295,564.41 147,402,760.97 0.00 0.00 99.39795675% 2-SES 0.00000% 74,149,005.29 73,752,722.89 0.00 0.00 99.46555938% 3-SES 0.00000% 16,791,717.70 16,775,658.89 0.00 0.00 99.90436470% 4-SES 0.00000% 51,317,885.50 51,105,290.06 0.00 0.00 99.58572837% 5-SES 0.00000% 46,767,375.90 46,212,930.82 0.00 0.00 98.81446186%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 3,774,784.68 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 3,774,784.68 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 16,163.54 Payment of Interest and Principal 3,760,729.39 Total Withdrawals (Pool Distribution Amount) 3,776,892.93 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 14,055.29 Trustee Fee - Wells Fargo Bank, N.A. 2,108.25 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 16,163.54

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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 4 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 5 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00

COLLATERAL STATEMENT Collateral Description Fixed Weighted Average Gross Coupon 6.058785% Weighted Average Pass-Through Rate 5.801284% Weighted Average Maturity (Stepdown Calculation) 284 Beginning Scheduled Collateral Loan Count 2,705 Number Of Loans Paid In Full 7 Ending Scheduled Collateral Loan Count 2,698 Beginning Scheduled Collateral Balance 337,321,548.00 Ending Scheduled Collateral Balance 335,249,363.63 Ending Actual Collateral Balance at 31-Dec-2003 335,726,398.28 Monthly P &I Constant 2,306,566.86 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 3,481,163.15 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans 335,249,363.63 Scheduled Principal 603,434.70 Unscheduled Principal 1,468,750.47

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed Fixed Mixed Fixed Mixed Fixed Weighted Average Coupon Rate 6.239070 6.237262 6.296086 Weighted Average Net Rate 5.989070 5.987262 6.046086 Weighted Average Maturity 352 357 358 Beginning Loan Count 1,235 485 37 Loans Paid In Full 4 2 0 Ending Loan Count 1,231 483 37 Beginning Scheduled Balance 148,295,564.41 74,149,005.29 16,791,717.70 Ending scheduled Balance 147,402,760.97 73,752,722.89 16,775,658.89 Record Date 12/31/2003 12/31/2003 12/31/2003 Principal And Interest Constant 921,885.87 457,448.97 104,002.98 Scheduled Principal 150,863.86 72,043.31 15,901.23 Unscheduled Principal 741,939.58 324,239.09 157.58 Scheduled Interest 771,022.01 385,405.66 88,101.75 Servicing Fees 30,894.89 15,447.71 3,498.28 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 926.85 463.40 104.95 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 739,200.27 369,494.55 84,498.52 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.981570 5.979762 6.038586

Group Level Collateral Statement Group Group 4 Group 5 Total Collateral Description Mixed Fixed Mixed Fixed Fixed Weighted Average Coupon Rate 5.289930 5.962603 6.058785 Weighted Average Net Rate 5.039930 5.712603 5.808784 Weighted Average Maturity 175 175 284 Beginning Loan Count 472 476 2,705 Loans Paid In Full 0 1 7 Ending Loan Count 472 475 2,698 Beginning Scheduled Balance 51,317,885.50 46,767,357.90 337,321,530.80 Ending scheduled Balance 51,105,290.06 46,212,930.82 335,249,363.63 Record Date 12/31/2003 12/31/2003 12/31/2003 Principal And Interest Constant 422,705.17 400,523.87 2,306,566.86 Scheduled Principal 196,481.83 168,144.47 603,434.70 Unscheduled Principal 16,113.61 386,300.61 1,468,750.47 Scheduled Interest 226,223.34 232,379.40 1,703,132.16 Servicing Fees 10,691.23 9,743.20 70,275.31 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 320.74 292.31 2,108.25 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 215,211.37 222,343.89 1,630,748.60 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.032430 5.705103 5.801284

Miscellaneous Reporting Group Group 1 CPR 5.847041% Senior % 94.346637% Senior Prepayment % 100.000000% Subordinate % 5.653363% Subordinate Prepayment % 0.000000% Group Group 2 CPR 5.127848% Senior % 94.336178% Senior Prepayment % 100.000000% Subordinate % 5.663822% Subordinate Prepayment % 0.000000% Group Group 3 CPR 0.011271% Senior % 94.359633% Senior Prepayment % 100.000000% Subordinate % 5.640367% Subordinate Prepayment % 0.000000%

Miscellaneous Reporting Group Group 4 CPR 0.377588% Senior % 97.327548% Senior Prepayment % 100.000000% Subordinate % 2.672452% Subordinate Prepayment % 0.000000% Group Group 5 CPR 9.506559% Senior % 97.347272% Senior Prepayment % 100.000000% Subordinate % 2.652728% Subordinate Prepayment % 0.000000%

Filing Compare · BANC OF AMERICA MORT SEC INC ALTERNATIVE LOAN TRUST 2003 11