8-K 1 ba787531-8k.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: September 30, 2003 (Date of earliest event reported) Commission File No. 333-102219 Banc of America Funding Corporation -------------------------------------------------------------------------------- Delaware 56-193-0085 -------------------------------------------------------------------------------- (State of Incorporation) (I.R.S. Employer Identification No.) 214 North Tryon Street, Charlotte, NC 28255 -------------------------------------------------------------------------------- Address of principal executive offices (Zip Code) (704) 386-2400 -------------------------------------------------------------------------------- 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 September 30, 2003, Banc of America Funding Corporation, a Delaware corporation (the "Registrant"), sold Mortgage Pass-Through Certificates, Series 2003-3, Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-4, Class 1-A-5, Class 1-A-6, Class 1-A-7, Class 1-A-8, Class 1-A-9, Class 1-A-10, Class 1-A-11, Class 1-A-12, Class 1-A-13, Class 1-A-14, Class 1-A-15, Class 1-A-16, Class 1-A-17, Class 1-A-18, Class 1-A-19, Class 1-A-20, Class 1-A-21, Class 1-A-22, Class 1-A-23, Class 1-A-24, Class 1-A-25, Class 1-A-26, Class 1-A-27, Class 1-A-28, Class 1-A-29, Class 1-A-30, Class 1-A-31, Class 1-A-32, Class 1-A-33, Class 1-A-34, Class 1-A-35, Class 1-A-36, Class 1-A-37, Class 1-A-38, Class 1-A-39, Class 1-A-40, Class 1-A-41, Class 1-A-42, Class 1-A-43, Class 1-A-44, Class 1-A-R, Class 1-A-MR, Class 1-A-LR, Class 1-A-WIO, Class 2-A-1, Class 2-A-WIO, Class A-PO, Class B-1, Class B-2 and Class B-3 (the "Offered Certificates"), having an aggregate original principal balance of $633,640,652.00. The Offered Certificates were issued pursuant to a Pooling and Servicing Agreement, dated September 30, 2003, among the Registrant, Washington Mutual Mortgage Securities Corp., as master servicer and representing party, 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 2003-3, Class B-4, Class B-5 and Class B-6 Certificates, having an aggregate initial principal balance of $2,865,307.00 (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 99.55% undivided interest in a trust (the "Trust"), consisting principally of two 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 Pool Distribution Amount is sufficient therefor. Elections will be made to treat the Trust as three separate REMICs for federal income tax purposes (the "Upper-Tier REMIC," "Middle-Tier REMIC" and "Lower-Tier REMIC" and each, a "REMIC"). The Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-4, Class 1-A-5, Class 1-A-6, Class 1-A-7, Class 1-A-8, Class 1-A-9, Class 1-A-10, Class 1-A-11, Class 1-A-12, Class 1-A-13, Class 1-A-14, Class 1-A-15, Class 1-A-16, Class 1-A-17, Class 1-A-18, Class 1-A-19, Class 1-A-20, Class 1-A-21, Class 1-A-22, Class 1-A-23, Class 1-A-24, Class 1-A-25, Class 1-A-26, Class 1-A-27, Class 1-A-28, Class 1-A-29, Class 1-A-30, Class 1-A-31, Class 1-A-32, Class 1-A-33, Class 1-A-34, Class 1-A-35, Class 1-A-36, Class 1-A-37, Class 1-A-38, Class 1-A-39, Class 1-A-40, Class 1-A-41, Class 1-A-42, Class 1-A-43, Class 1-A-44, Class 1-A-R, Class 1-A-MR, Class 1-A-LR, Class 1-A-WIO, Class 2-A-1, Class 2-A-2, Class 2-A-WIO, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates and each Component of the Class A-PO Certificates will be treated as "regular interests" in the REMIC and the Class 1-A-R, Class 1-A-MR and Class 1-A-LR Certificates will be treated as the "residual interest" in the Upper-Tier REMIC, the Middle-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 September 30, 2003, among Banc of America Funding Corporation, Washington Mutual Mortgage Securities Corp., as master servicer and representing party, 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 FUNDING CORPORATION September 30, 2003 By: /s/ Michael P. Schoffelen --------------------------------------- Name: Michael P. Schoffelen Title: Senior Vice President INDEX TO EXHIBITS Paper (P) or Exhibit No. Description Electronic (E) ----------- ----------- -------------- (EX-4) Pooling and Servicing Agreement, E dated September 30, 2003 among Banc of America Funding Corporation, Washington Mutual Mortgage Securities Corp., as master servicer and representing party, and Wells Fargo Bank Minnesota, National Association, as trustee.

Banc of America Funding Corporation Mortgage Pass-Through Certificates Record Date: 11/30/03 Distribution Date: 12/26/03 BAF Series: 2003-3 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 1A1 05946XDE0 SEN 4.37500% 75,956,916.72 276,926.26 700,278.96 1A2 05946XDF7 SEN 5.50000% 14,685,467.96 67,308.39 116,043.47 1A3 05946XDG5 SEN 5.50000% 121,734,179.46 557,948.32 1,204,892.03 1A4 05946XDH3 SEN 5.50000% 2,818,634.00 12,918.74 0.00 1A5 05946XDJ9 SEN 5.50000% 27,000,000.00 123,750.00 0.00 1A6 05946XDK6 SEN 5.50000% 5,000,000.00 22,916.67 0.00 1A7 05946XDL4 SEN 5.50000% 56,918,366.00 260,875.84 0.00 1A8 05946XDM2 SEN 5.50000% 400,000.00 1,833.33 0.00 1A9 05946XDN0 SEN 5.50000% 400,000.00 1,833.33 0.00 1A10 05946XDP5 SEN 5.50000% 400,000.00 1,833.33 0.00 1A11 05946XDQ3 SEN 5.50000% 400,000.00 1,833.33 0.00 1A12 05946XDR1 SEN 5.50000% 400,000.00 1,833.33 0.00 1A13 05946XDS9 SEN 5.50000% 400,000.00 1,833.33 0.00 1A14 05946XDT7 SEN 5.50000% 400,000.00 1,833.33 0.00 1A15 05946XDU4 SEN 5.50000% 400,000.00 1,833.33 0.00 1A16 05946XDV2 SEN 5.50000% 400,000.00 1,833.33 0.00 1A17 05946XDW0 SEN 5.50000% 400,000.00 1,833.33 0.00 1A18 05946XDX8 SEN 5.50000% 400,000.00 1,833.33 0.00 1A19 05946XDY6 SEN 5.50000% 400,000.00 1,833.33 0.00 1A20 05946XDZ3 SEN 5.50000% 400,000.00 1,833.33 0.00 1A21 05946XEA7 SEN 5.50000% 400,000.00 1,833.33 0.00 1A22 05946XEB5 SEN 5.50000% 400,000.00 1,833.33 0.00 1A23 05946XEC3 SEN 5.50000% 400,000.00 1,833.33 0.00 1A24 05946XED1 SEN 5.50000% 400,000.00 1,833.33 0.00 1A25 05946XEE9 SEN 5.50000% 400,000.00 1,833.33 0.00 1A26 05946XEF6 SEN 5.50000% 400,000.00 1,833.33 0.00 1A27 05946XEG4 SEN 5.50000% 400,000.00 1,833.33 0.00 1A28 05946XEH2 SEN 5.50000% 400,000.00 1,833.33 0.00 1A29 05946XEJ8 SEN 5.50000% 400,000.00 1,833.33 0.00 1A30 05946XEK5 SEN 5.50000% 400,000.00 1,833.33 0.00 1A31 05946XEL3 SEN 5.50000% 400,000.00 1,833.33 0.00 1A32 05946XEM1 SEN 5.50000% 553,000.00 2,534.58 0.00 1A33 05946XEN9 SEN 5.50000% 53,195,667.00 243,813.47 0.00 1A34 05946XEP4 SEN 5.25000% 3,397,500.00 14,864.06 0.00 1A35 05946XEQ2 SEN 5.75000% 3,397,500.00 16,279.69 0.00 1A36 05946XER0 SEN 1.61875% 71,863,771.22 96,941.23 542,180.21 1A37 05946XES8 SEN 12.61563% 39,198,420.85 412,093.81 295,734.66 1A38 05946XET6 SEN 5.50000% 2,191,000.00 10,042.08 0.00 1A39 05946XEU3 SEN 5.50000% 2,190,000.00 10,037.50 0.00 1A40 05946XEV1 SEN 5.50000% 763,000.00 3,497.08 0.00 1A41 05946XEW9 SEN 5.50000% 16,924,821.51 77,572.10 88,191.88 1A42 05946XEX7 SEN 5.50000% 389,963.72 1,787.33 2,032.02 1A43 05946XEY5 SEN 5.50000% 19,685,214.76 90,223.90 (90,223.90) 1A44 05946XEZ2 SEN 5.50000% 0.00 71,209.61 0.00 1AR 05946XFA6 SEN 5.50000% 0.00 0.00 0.00 1AMR 05946XFB4 SEN 5.50000% 0.00 0.00 0.00 1ALR 05946XFC2 SEN 5.50000% 0.00 0.00 0.00 1AWIO 05946XFD0 IO 0.19719% 0.00 26,572.37 0.00 2A1 05946XFE8 SEN 4.75000% 62,301,097.49 246,608.51 264,308.66 2A2 05946XFF5 SEN 4.75000% 2,928,514.55 11,592.04 12,424.05 2AWIO 05946XFG3 IO 0.26458% 0.00 10,078.29 0.00 AP 05946XFH1 PO 0.00000% 18,828,988.38 0.00 26,454.50 B1 05946XFJ7 SUB 5.46047% 8,868,164.46 40,353.62 11,014.22 B2 05946XFK4 SUB 5.46047% 2,856,965.47 13,000.31 3,548.34 B3 05946XFL2 SUB 5.46047% 1,904,311.13 8,665.36 2,365.15 B4 05946XFP3 SUB 5.46047% 951,656.79 4,330.41 1,181.95 B5 05946XFQ1 SUB 5.46047% 951,656.79 4,330.41 1,181.95 B6 05946XFR9 SUB 5.46047% 954,955.73 4,345.42 1,186.05 Totals 628,009,733.99 2,787,417.32 3,182,794.20

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1A1 0.00 75,256,637.75 977,205.22 0.00 1A2 0.00 14,569,424.49 183,351.86 0.00 1A3 0.00 120,529,287.42 1,762,840.35 0.00 1A4 0.00 2,818,634.00 12,918.74 0.00 1A5 0.00 27,000,000.00 123,750.00 0.00 1A6 0.00 5,000,000.00 22,916.67 0.00 1A7 0.00 56,918,366.00 260,875.84 0.00 1A8 0.00 400,000.00 1,833.33 0.00 1A9 0.00 400,000.00 1,833.33 0.00 1A10 0.00 400,000.00 1,833.33 0.00 1A11 0.00 400,000.00 1,833.33 0.00 1A12 0.00 400,000.00 1,833.33 0.00 1A13 0.00 400,000.00 1,833.33 0.00 1A14 0.00 400,000.00 1,833.33 0.00 1A15 0.00 400,000.00 1,833.33 0.00 1A16 0.00 400,000.00 1,833.33 0.00 1A17 0.00 400,000.00 1,833.33 0.00 1A18 0.00 400,000.00 1,833.33 0.00 1A19 0.00 400,000.00 1,833.33 0.00 1A20 0.00 400,000.00 1,833.33 0.00 1A21 0.00 400,000.00 1,833.33 0.00 1A22 0.00 400,000.00 1,833.33 0.00 1A23 0.00 400,000.00 1,833.33 0.00 1A24 0.00 400,000.00 1,833.33 0.00 1A25 0.00 400,000.00 1,833.33 0.00 1A26 0.00 400,000.00 1,833.33 0.00 1A27 0.00 400,000.00 1,833.33 0.00 1A28 0.00 400,000.00 1,833.33 0.00 1A29 0.00 400,000.00 1,833.33 0.00 1A30 0.00 400,000.00 1,833.33 0.00 1A31 0.00 400,000.00 1,833.33 0.00 1A32 0.00 553,000.00 2,534.58 0.00 1A33 0.00 53,195,667.00 243,813.47 0.00 1A34 0.00 3,397,500.00 14,864.06 0.00 1A35 0.00 3,397,500.00 16,279.69 0.00 1A36 0.00 71,321,591.01 639,121.44 0.00 1A37 0.00 38,902,686.18 707,828.47 0.00 1A38 0.00 2,191,000.00 10,042.08 0.00 1A39 0.00 2,190,000.00 10,037.50 0.00 1A40 0.00 763,000.00 3,497.08 0.00 1A41 0.00 16,836,629.64 165,763.98 0.00 1A42 0.00 387,931.70 3,819.35 0.00 1A43 0.00 19,775,438.66 0.00 0.00 1A44 0.00 0.00 71,209.61 0.00 1AR 0.00 0.00 0.00 0.00 1AMR 0.00 0.00 0.00 0.00 1ALR 0.00 0.00 0.00 0.00 1AWIO 0.00 0.00 26,572.37 0.00 2A1 0.00 62,036,788.82 510,917.17 0.00 2A2 0.00 2,916,090.50 24,016.09 0.00 2AWIO 0.00 0.00 10,078.29 0.00 AP 0.00 18,802,533.88 26,454.50 0.00 B1 0.00 8,857,150.25 51,367.84 0.00 B2 0.00 2,853,417.13 16,548.65 0.00 B3 0.00 1,901,945.99 11,030.51 0.00 B4 0.00 950,474.84 5,512.36 0.00 B5 0.00 950,474.84 5,512.36 0.00 B6 0.00 953,769.68 5,531.47 0.00 Totals 0.00 624,826,939.78 5,970,211.52 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) 1A1 77,855,000.00 75,956,916.72 141,692.71 558,586.25 0.00 0.00 1A2 15,000,000.00 14,685,467.96 23,479.95 92,563.52 0.00 0.00 1A3 125,000,000.00 121,734,179.46 243,794.88 961,097.16 0.00 0.00 1A4 2,818,634.00 2,818,634.00 0.00 0.00 0.00 0.00 1A5 27,000,000.00 27,000,000.00 0.00 0.00 0.00 0.00 1A6 5,000,000.00 5,000,000.00 0.00 0.00 0.00 0.00 1A7 56,918,366.00 56,918,366.00 0.00 0.00 0.00 0.00 1A8 400,000.00 400,000.00 0.00 0.00 0.00 0.00 1A9 400,000.00 400,000.00 0.00 0.00 0.00 0.00 1A10 400,000.00 400,000.00 0.00 0.00 0.00 0.00 1A11 400,000.00 400,000.00 0.00 0.00 0.00 0.00 1A12 400,000.00 400,000.00 0.00 0.00 0.00 0.00 1A13 400,000.00 400,000.00 0.00 0.00 0.00 0.00 1A14 400,000.00 400,000.00 0.00 0.00 0.00 0.00 1A15 400,000.00 400,000.00 0.00 0.00 0.00 0.00 1A16 400,000.00 400,000.00 0.00 0.00 0.00 0.00 1A17 400,000.00 400,000.00 0.00 0.00 0.00 0.00 1A18 400,000.00 400,000.00 0.00 0.00 0.00 0.00 1A19 400,000.00 400,000.00 0.00 0.00 0.00 0.00 1A20 400,000.00 400,000.00 0.00 0.00 0.00 0.00 1A21 400,000.00 400,000.00 0.00 0.00 0.00 0.00 1A22 400,000.00 400,000.00 0.00 0.00 0.00 0.00 1A23 400,000.00 400,000.00 0.00 0.00 0.00 0.00 1A24 400,000.00 400,000.00 0.00 0.00 0.00 0.00 1A25 400,000.00 400,000.00 0.00 0.00 0.00 0.00 1A26 400,000.00 400,000.00 0.00 0.00 0.00 0.00 1A27 400,000.00 400,000.00 0.00 0.00 0.00 0.00 1A28 400,000.00 400,000.00 0.00 0.00 0.00 0.00 1A29 400,000.00 400,000.00 0.00 0.00 0.00 0.00 1A30 400,000.00 400,000.00 0.00 0.00 0.00 0.00 1A31 400,000.00 400,000.00 0.00 0.00 0.00 0.00 1A32 553,000.00 553,000.00 0.00 0.00 0.00 0.00 1A33 53,195,667.00 53,195,667.00 0.00 0.00 0.00 0.00 1A34 3,397,500.00 3,397,500.00 0.00 0.00 0.00 0.00 1A35 3,397,500.00 3,397,500.00 0.00 0.00 0.00 0.00 1A36 73,333,333.00 71,863,771.22 109,703.40 432,476.81 0.00 0.00 1A37 40,000,000.00 39,198,420.85 59,838.22 235,896.44 0.00 0.00 1A38 2,191,000.00 2,191,000.00 0.00 0.00 0.00 0.00 1A39 2,190,000.00 2,190,000.00 0.00 0.00 0.00 0.00 1A40 763,000.00 763,000.00 0.00 0.00 0.00 0.00 1A41 17,100,000.00 16,924,821.51 17,844.53 70,347.35 0.00 0.00 1A42 394,000.00 389,963.72 411.15 1,620.87 0.00 0.00 1A43 19,506,000.00 19,685,214.76 0.00 0.00 (90,223.90) 0.00 1A44 0.00 0.00 0.00 0.00 0.00 0.00 1AR 50.00 0.00 0.00 0.00 0.00 0.00 1AMR 25.00 0.00 0.00 0.00 0.00 0.00 1ALR 25.00 0.00 0.00 0.00 0.00 0.00 1AWIO 0.00 0.00 0.00 0.00 0.00 0.00 2A1 62,822,000.00 62,301,097.49 239,982.64 24,326.03 0.00 0.00 2A2 2,953,000.00 2,928,514.55 11,280.58 1,143.46 0.00 0.00 2AWIO 0.00 0.00 0.00 0.00 0.00 0.00 AP 18,989,552.00 18,828,988.38 23,286.60 3,167.90 0.00 0.00 B1 8,890,000.00 8,868,164.46 11,014.22 0.00 0.00 0.00 B2 2,864,000.00 2,856,965.47 3,548.34 0.00 0.00 0.00 B3 1,909,000.00 1,904,311.13 2,365.15 0.00 0.00 0.00 B4 954,000.00 951,656.79 1,181.95 0.00 0.00 0.00 B5 954,000.00 951,656.79 1,181.95 0.00 0.00 0.00 B6 957,307.00 954,955.73 1,186.05 0.00 0.00 0.00 Totals 636,505,959.00 628,009,733.99 891,792.32 2,381,225.79 (90,223.90) 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 1A1 700,278.96 75,256,637.75 0.96662562 700,278.96 1A2 116,043.47 14,569,424.49 0.97129497 116,043.47 1A3 1,204,892.03 120,529,287.42 0.96423430 1,204,892.03 1A4 0.00 2,818,634.00 1.00000000 0.00 1A5 0.00 27,000,000.00 1.00000000 0.00 1A6 0.00 5,000,000.00 1.00000000 0.00 1A7 0.00 56,918,366.00 1.00000000 0.00 1A8 0.00 400,000.00 1.00000000 0.00 1A9 0.00 400,000.00 1.00000000 0.00 1A10 0.00 400,000.00 1.00000000 0.00 1A11 0.00 400,000.00 1.00000000 0.00 1A12 0.00 400,000.00 1.00000000 0.00 1A13 0.00 400,000.00 1.00000000 0.00 1A14 0.00 400,000.00 1.00000000 0.00 1A15 0.00 400,000.00 1.00000000 0.00 1A16 0.00 400,000.00 1.00000000 0.00 1A17 0.00 400,000.00 1.00000000 0.00 1A18 0.00 400,000.00 1.00000000 0.00 1A19 0.00 400,000.00 1.00000000 0.00 1A20 0.00 400,000.00 1.00000000 0.00 1A21 0.00 400,000.00 1.00000000 0.00 1A22 0.00 400,000.00 1.00000000 0.00 1A23 0.00 400,000.00 1.00000000 0.00 1A24 0.00 400,000.00 1.00000000 0.00 1A25 0.00 400,000.00 1.00000000 0.00 1A26 0.00 400,000.00 1.00000000 0.00 1A27 0.00 400,000.00 1.00000000 0.00 1A28 0.00 400,000.00 1.00000000 0.00 1A29 0.00 400,000.00 1.00000000 0.00 1A30 0.00 400,000.00 1.00000000 0.00 1A31 0.00 400,000.00 1.00000000 0.00 1A32 0.00 553,000.00 1.00000000 0.00 1A33 0.00 53,195,667.00 1.00000000 0.00 1A34 0.00 3,397,500.00 1.00000000 0.00 1A35 0.00 3,397,500.00 1.00000000 0.00 1A36 542,180.21 71,321,591.01 0.97256715 542,180.21 1A37 295,734.66 38,902,686.18 0.97256715 295,734.66 1A38 0.00 2,191,000.00 1.00000000 0.00 1A39 0.00 2,190,000.00 1.00000000 0.00 1A40 0.00 763,000.00 1.00000000 0.00 1A41 88,191.88 16,836,629.64 0.98459822 88,191.88 1A42 2,032.02 387,931.70 0.98459822 2,032.02 1A43 (90,223.90) 19,775,438.66 1.01381312 (90,223.90) 1A44 0.00 0.00 0.00000000 0.00 1AR 0.00 0.00 0.00000000 0.00 1AMR 0.00 0.00 0.00000000 0.00 1ALR 0.00 0.00 0.00000000 0.00 1AWIO 0.00 0.00 0.00000000 0.00 2A1 264,308.66 62,036,788.82 0.98750102 264,308.66 2A2 12,424.05 2,916,090.50 0.98750102 12,424.05 2AWIO 0.00 0.00 0.00000000 0.00 AP 26,454.50 18,802,533.88 0.99015153 26,454.50 B1 11,014.22 8,857,150.25 0.99630487 11,014.22 B2 3,548.34 2,853,417.13 0.99630486 3,548.34 B3 2,365.15 1,901,945.99 0.99630487 2,365.15 B4 1,181.95 950,474.84 0.99630486 1,181.95 B5 1,181.95 950,474.84 0.99630486 1,181.95 B6 1,186.05 953,769.68 0.99630493 1,186.05 Totals 3,182,794.20 624,826,939.78 0.98165136 3,182,794.20

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1A1 77,855,000.00 975.62027770 1.81995646 7.17469976 0.00000000 1A2 15,000,000.00 979.03119733 1.56533000 6.17090133 0.00000000 1A3 125,000,000.00 973.87343568 1.95035904 7.68877728 0.00000000 1A4 2,818,634.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A5 27,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A6 5,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A7 56,918,366.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A8 400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A9 400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A10 400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A11 400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A12 400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A13 400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A14 400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A15 400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A16 400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A17 400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A18 400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A19 400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A20 400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A21 400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A22 400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A23 400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A24 400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A25 400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A26 400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A27 400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A28 400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A29 400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A30 400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A31 400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A32 553,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A33 53,195,667.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A34 3,397,500.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A35 3,397,500.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A36 73,333,333.00 979.96052109 1.49595546 5.89741107 0.00000000 1A37 40,000,000.00 979.96052125 1.49595550 5.89741100 0.00000000 1A38 2,191,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A39 2,190,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A40 763,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1A41 17,100,000.00 989.75564386 1.04353977 4.11388012 0.00000000 1A42 394,000.00 989.75563452 1.04352792 4.11388325 0.00000000 1A43 19,506,000.00 1009.18767354 0.00000000 0.00000000 (4.62544345) 1A44 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1AR 50.00 0.00000000 0.00000000 0.00000000 0.00000000 1AMR 25.00 0.00000000 0.00000000 0.00000000 0.00000000 1ALR 25.00 0.00000000 0.00000000 0.00000000 0.00000000 1AWIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2A1 62,822,000.00 991.70827879 3.82004139 0.38722151 0.00000000 2A2 2,953,000.00 991.70827972 3.82004064 0.38721978 0.00000000 2AWIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 AP 18,989,552.00 991.54463360 1.22628485 0.16682331 0.00000000 B1 8,890,000.00 997.54380877 1.23894488 0.00000000 0.00000000 B2 2,864,000.00 997.54380936 1.23894553 0.00000000 0.00000000 B3 1,909,000.00 997.54380828 1.23894709 0.00000000 0.00000000 B4 954,000.00 997.54380503 1.23894130 0.00000000 0.00000000 B5 954,000.00 997.54380503 1.23894130 0.00000000 0.00000000 B6 957,307.00 997.54387046 1.23894425 0.00000000 0.00000000 (2) All Classes are per $1000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1A1 0.00000000 8.99465622 966.62562135 0.96662562 8.99465622 1A2 0.00000000 7.73623133 971.29496600 0.97129497 7.73623133 1A3 0.00000000 9.63913624 964.23429936 0.96423430 9.63913624 1A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A11 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A12 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A13 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A14 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A15 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A16 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A17 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A18 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A19 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A20 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A21 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A22 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A23 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A24 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A25 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A26 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A27 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A28 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A29 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A30 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A31 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A32 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A33 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A34 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A35 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A36 0.00000000 7.39336653 972.56715456 0.97256715 7.39336653 1A37 0.00000000 7.39336650 972.56715450 0.97256715 7.39336650 1A38 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A39 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A40 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1A41 0.00000000 5.15741988 984.59822456 0.98459822 5.15741988 1A42 0.00000000 5.15741117 984.59822335 0.98459822 5.15741117 1A43 0.00000000 (4.62544345) 1,013.81311699 1.01381312 (4.62544345) 1A44 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1AMR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1AWIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2A1 0.00000000 4.20726274 987.50101589 0.98750102 4.20726274 2A2 0.00000000 4.20726380 987.50101592 0.98750102 4.20726380 2AWIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AP 0.00000000 1.39310817 990.15152543 0.99015153 1.39310817 B1 0.00000000 1.23894488 996.30486502 0.99630487 1.23894488 B2 0.00000000 1.23894553 996.30486383 0.99630486 1.23894553 B3 0.00000000 1.23894709 996.30486642 0.99630487 1.23894709 B4 0.00000000 1.23894130 996.30486373 0.99630486 1.23894130 B5 0.00000000 1.23894130 996.30486373 0.99630486 1.23894130 B6 0.00000000 1.23894425 996.30492621 0.99630493 1.23894425 (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 1A1 77,855,000.00 4.37500% 75,956,916.72 276,926.26 0.00 0.00 1A2 15,000,000.00 5.50000% 14,685,467.96 67,308.39 0.00 0.00 1A3 125,000,000.00 5.50000% 121,734,179.46 557,948.32 0.00 0.00 1A4 2,818,634.00 5.50000% 2,818,634.00 12,918.74 0.00 0.00 1A5 27,000,000.00 5.50000% 27,000,000.00 123,750.00 0.00 0.00 1A6 5,000,000.00 5.50000% 5,000,000.00 22,916.67 0.00 0.00 1A7 56,918,366.00 5.50000% 56,918,366.00 260,875.84 0.00 0.00 1A8 400,000.00 5.50000% 400,000.00 1,833.33 0.00 0.00 1A9 400,000.00 5.50000% 400,000.00 1,833.33 0.00 0.00 1A10 400,000.00 5.50000% 400,000.00 1,833.33 0.00 0.00 1A11 400,000.00 5.50000% 400,000.00 1,833.33 0.00 0.00 1A12 400,000.00 5.50000% 400,000.00 1,833.33 0.00 0.00 1A13 400,000.00 5.50000% 400,000.00 1,833.33 0.00 0.00 1A14 400,000.00 5.50000% 400,000.00 1,833.33 0.00 0.00 1A15 400,000.00 5.50000% 400,000.00 1,833.33 0.00 0.00 1A16 400,000.00 5.50000% 400,000.00 1,833.33 0.00 0.00 1A17 400,000.00 5.50000% 400,000.00 1,833.33 0.00 0.00 1A18 400,000.00 5.50000% 400,000.00 1,833.33 0.00 0.00 1A19 400,000.00 5.50000% 400,000.00 1,833.33 0.00 0.00 1A20 400,000.00 5.50000% 400,000.00 1,833.33 0.00 0.00 1A21 400,000.00 5.50000% 400,000.00 1,833.33 0.00 0.00 1A22 400,000.00 5.50000% 400,000.00 1,833.33 0.00 0.00 1A23 400,000.00 5.50000% 400,000.00 1,833.33 0.00 0.00 1A24 400,000.00 5.50000% 400,000.00 1,833.33 0.00 0.00 1A25 400,000.00 5.50000% 400,000.00 1,833.33 0.00 0.00 1A26 400,000.00 5.50000% 400,000.00 1,833.33 0.00 0.00 1A27 400,000.00 5.50000% 400,000.00 1,833.33 0.00 0.00 1A28 400,000.00 5.50000% 400,000.00 1,833.33 0.00 0.00 1A29 400,000.00 5.50000% 400,000.00 1,833.33 0.00 0.00 1A30 400,000.00 5.50000% 400,000.00 1,833.33 0.00 0.00 1A31 400,000.00 5.50000% 400,000.00 1,833.33 0.00 0.00 1A32 553,000.00 5.50000% 553,000.00 2,534.58 0.00 0.00 1A33 53,195,667.00 5.50000% 53,195,667.00 243,813.47 0.00 0.00 1A34 3,397,500.00 5.25000% 3,397,500.00 14,864.06 0.00 0.00 1A35 3,397,500.00 5.75000% 3,397,500.00 16,279.69 0.00 0.00 1A36 73,333,333.00 1.61875% 71,863,771.22 96,941.23 0.00 0.00 1A37 40,000,000.00 12.61563% 39,198,420.85 412,093.81 0.00 0.00 1A38 2,191,000.00 5.50000% 2,191,000.00 10,042.08 0.00 0.00 1A39 2,190,000.00 5.50000% 2,190,000.00 10,037.50 0.00 0.00 1A40 763,000.00 5.50000% 763,000.00 3,497.08 0.00 0.00 1A41 17,100,000.00 5.50000% 16,924,821.51 77,572.10 0.00 0.00 1A42 394,000.00 5.50000% 389,963.72 1,787.33 0.00 0.00 1A43 19,506,000.00 5.50000% 19,685,214.76 90,223.90 0.00 0.00 1A44 0.00 5.50000% 15,536,642.06 71,209.61 0.00 0.00 1AR 50.00 5.50000% 0.00 0.00 0.00 0.00 1AMR 25.00 5.50000% 0.00 0.00 0.00 0.00 1ALR 25.00 5.50000% 0.00 0.00 0.00 0.00 1AWIO 0.00 0.19719% 161,705,589.73 26,572.37 0.00 0.00 2A1 62,822,000.00 4.75000% 62,301,097.49 246,608.51 0.00 0.00 2A2 2,953,000.00 4.75000% 2,928,514.55 11,592.04 0.00 0.00 2AWIO 0.00 0.26458% 45,710,072.55 10,078.29 0.00 0.00 AP 18,989,552.00 0.00000% 18,828,988.38 0.00 0.00 0.00 B1 8,890,000.00 5.46047% 8,868,164.46 40,353.62 0.00 0.00 B2 2,864,000.00 5.46047% 2,856,965.47 13,000.31 0.00 0.00 B3 1,909,000.00 5.46047% 1,904,311.13 8,665.36 0.00 0.00 B4 954,000.00 5.46047% 951,656.79 4,330.41 0.00 0.00 B5 954,000.00 5.46047% 951,656.79 4,330.41 0.00 0.00 B6 957,307.00 5.46047% 954,955.73 4,345.42 0.00 0.00 Totals 636,505,959.00 2,787,417.32 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 1A1 0.00 0.00 276,926.26 0.00 75,256,637.75 1A2 0.00 0.00 67,308.39 0.00 14,569,424.49 1A3 0.00 0.00 557,948.32 0.00 120,529,287.42 1A4 0.00 0.00 12,918.74 0.00 2,818,634.00 1A5 0.00 0.00 123,750.00 0.00 27,000,000.00 1A6 0.00 0.00 22,916.67 0.00 5,000,000.00 1A7 0.00 0.00 260,875.84 0.00 56,918,366.00 1A8 0.00 0.00 1,833.33 0.00 400,000.00 1A9 0.00 0.00 1,833.33 0.00 400,000.00 1A10 0.00 0.00 1,833.33 0.00 400,000.00 1A11 0.00 0.00 1,833.33 0.00 400,000.00 1A12 0.00 0.00 1,833.33 0.00 400,000.00 1A13 0.00 0.00 1,833.33 0.00 400,000.00 1A14 0.00 0.00 1,833.33 0.00 400,000.00 1A15 0.00 0.00 1,833.33 0.00 400,000.00 1A16 0.00 0.00 1,833.33 0.00 400,000.00 1A17 0.00 0.00 1,833.33 0.00 400,000.00 1A18 0.00 0.00 1,833.33 0.00 400,000.00 1A19 0.00 0.00 1,833.33 0.00 400,000.00 1A20 0.00 0.00 1,833.33 0.00 400,000.00 1A21 0.00 0.00 1,833.33 0.00 400,000.00 1A22 0.00 0.00 1,833.33 0.00 400,000.00 1A23 0.00 0.00 1,833.33 0.00 400,000.00 1A24 0.00 0.00 1,833.33 0.00 400,000.00 1A25 0.00 0.00 1,833.33 0.00 400,000.00 1A26 0.00 0.00 1,833.33 0.00 400,000.00 1A27 0.00 0.00 1,833.33 0.00 400,000.00 1A28 0.00 0.00 1,833.33 0.00 400,000.00 1A29 0.00 0.00 1,833.33 0.00 400,000.00 1A30 0.00 0.00 1,833.33 0.00 400,000.00 1A31 0.00 0.00 1,833.33 0.00 400,000.00 1A32 0.00 0.00 2,534.58 0.00 553,000.00 1A33 0.00 0.00 243,813.47 0.00 53,195,667.00 1A34 0.00 0.00 14,864.06 0.00 3,397,500.00 1A35 0.00 0.00 16,279.69 0.00 3,397,500.00 1A36 0.00 0.00 96,941.23 0.00 71,321,591.01 1A37 0.00 0.00 412,093.81 0.00 38,902,686.18 1A38 0.00 0.00 10,042.08 0.00 2,191,000.00 1A39 0.00 0.00 10,037.50 0.00 2,190,000.00 1A40 0.00 0.00 3,497.08 0.00 763,000.00 1A41 0.00 0.00 77,572.10 0.00 16,836,629.64 1A42 0.00 0.00 1,787.33 0.00 387,931.70 1A43 0.00 0.00 90,223.90 0.00 19,775,438.66 1A44 0.00 0.00 71,209.61 0.00 15,393,403.18 1AR 0.00 0.00 0.00 0.00 0.00 1AMR 0.00 0.00 0.00 0.00 0.00 1ALR 0.00 0.00 0.00 0.00 0.00 1AWIO 0.00 0.00 26,572.37 0.00 159,306,741.49 2A1 0.00 0.00 246,608.51 0.00 62,036,788.82 2A2 0.00 0.00 11,592.04 0.00 2,916,090.50 2AWIO 0.00 0.00 10,078.29 0.00 45,517,092.87 AP 0.00 0.00 0.00 0.00 18,802,533.88 B1 0.00 0.00 40,353.62 0.00 8,857,150.25 B2 0.00 0.00 13,000.31 0.00 2,853,417.13 B3 0.00 0.00 8,665.36 0.00 1,901,945.99 B4 0.00 0.00 4,330.41 0.00 950,474.84 B5 0.00 0.00 4,330.41 0.00 950,474.84 B6 0.00 0.00 4,345.42 0.00 953,769.68 Totals 0.00 0.00 2,787,417.32 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 1A1 77,855,000.00 4.37500% 975.62027770 3.55694894 0.00000000 0.00000000 1A2 15,000,000.00 5.50000% 979.03119733 4.48722600 0.00000000 0.00000000 1A3 125,000,000.00 5.50000% 973.87343568 4.46358656 0.00000000 0.00000000 1A4 2,818,634.00 5.50000% 1000.00000000 4.58333363 0.00000000 0.00000000 1A5 27,000,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 1A6 5,000,000.00 5.50000% 1000.00000000 4.58333400 0.00000000 0.00000000 1A7 56,918,366.00 5.50000% 1000.00000000 4.58333326 0.00000000 0.00000000 1A8 400,000.00 5.50000% 1000.00000000 4.58332500 0.00000000 0.00000000 1A9 400,000.00 5.50000% 1000.00000000 4.58332500 0.00000000 0.00000000 1A10 400,000.00 5.50000% 1000.00000000 4.58332500 0.00000000 0.00000000 1A11 400,000.00 5.50000% 1000.00000000 4.58332500 0.00000000 0.00000000 1A12 400,000.00 5.50000% 1000.00000000 4.58332500 0.00000000 0.00000000 1A13 400,000.00 5.50000% 1000.00000000 4.58332500 0.00000000 0.00000000 1A14 400,000.00 5.50000% 1000.00000000 4.58332500 0.00000000 0.00000000 1A15 400,000.00 5.50000% 1000.00000000 4.58332500 0.00000000 0.00000000 1A16 400,000.00 5.50000% 1000.00000000 4.58332500 0.00000000 0.00000000 1A17 400,000.00 5.50000% 1000.00000000 4.58332500 0.00000000 0.00000000 1A18 400,000.00 5.50000% 1000.00000000 4.58332500 0.00000000 0.00000000 1A19 400,000.00 5.50000% 1000.00000000 4.58332500 0.00000000 0.00000000 1A20 400,000.00 5.50000% 1000.00000000 4.58332500 0.00000000 0.00000000 1A21 400,000.00 5.50000% 1000.00000000 4.58332500 0.00000000 0.00000000 1A22 400,000.00 5.50000% 1000.00000000 4.58332500 0.00000000 0.00000000 1A23 400,000.00 5.50000% 1000.00000000 4.58332500 0.00000000 0.00000000 1A24 400,000.00 5.50000% 1000.00000000 4.58332500 0.00000000 0.00000000 1A25 400,000.00 5.50000% 1000.00000000 4.58332500 0.00000000 0.00000000 1A26 400,000.00 5.50000% 1000.00000000 4.58332500 0.00000000 0.00000000 1A27 400,000.00 5.50000% 1000.00000000 4.58332500 0.00000000 0.00000000 1A28 400,000.00 5.50000% 1000.00000000 4.58332500 0.00000000 0.00000000 1A29 400,000.00 5.50000% 1000.00000000 4.58332500 0.00000000 0.00000000 1A30 400,000.00 5.50000% 1000.00000000 4.58332500 0.00000000 0.00000000 1A31 400,000.00 5.50000% 1000.00000000 4.58332500 0.00000000 0.00000000 1A32 553,000.00 5.50000% 1000.00000000 4.58332731 0.00000000 0.00000000 1A33 53,195,667.00 5.50000% 1000.00000000 4.58333326 0.00000000 0.00000000 1A34 3,397,500.00 5.25000% 1000.00000000 4.37499926 0.00000000 0.00000000 1A35 3,397,500.00 5.75000% 1000.00000000 4.79166740 0.00000000 0.00000000 1A36 73,333,333.00 1.61875% 979.96052109 1.32192587 0.00000000 0.00000000 1A37 40,000,000.00 12.61563% 979.96052125 10.30234525 0.00000000 0.00000000 1A38 2,191,000.00 5.50000% 1000.00000000 4.58333181 0.00000000 0.00000000 1A39 2,190,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 1A40 763,000.00 5.50000% 1000.00000000 4.58332896 0.00000000 0.00000000 1A41 17,100,000.00 5.50000% 989.75564386 4.53638012 0.00000000 0.00000000 1A42 394,000.00 5.50000% 989.75563452 4.53637056 0.00000000 0.00000000 1A43 19,506,000.00 5.50000% 1009.18767354 4.62544345 0.00000000 0.00000000 1A44 0.00 5.50000% 975.62030020 4.47159308 0.00000000 0.00000000 1AR 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 1AMR 25.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 1ALR 25.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 1AWIO 0.00 0.19719% 976.76389658 0.16050733 0.00000000 0.00000000 2A1 62,822,000.00 4.75000% 991.70827879 3.92551192 0.00000000 0.00000000 2A2 2,953,000.00 4.75000% 991.70827972 3.92551304 0.00000000 0.00000000 2AWIO 0.00 0.26458% 991.73725470 0.21866112 0.00000000 0.00000000 AP 18,989,552.00 0.00000% 991.54463360 0.00000000 0.00000000 0.00000000 B1 8,890,000.00 5.46047% 997.54380877 4.53921485 0.00000000 0.00000000 B2 2,864,000.00 5.46047% 997.54380936 4.53921439 0.00000000 0.00000000 B3 1,909,000.00 5.46047% 997.54380828 4.53921425 0.00000000 0.00000000 B4 954,000.00 5.46047% 997.54380503 4.53921384 0.00000000 0.00000000 B5 954,000.00 5.46047% 997.54380503 4.53921384 0.00000000 0.00000000 B6 957,307.00 5.46047% 997.54387046 4.53921260 0.00000000 0.00000000 (5) All Classes are per $1000 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 1A1 0.00000000 0.00000000 3.55694894 0.00000000 966.62562135 1A2 0.00000000 0.00000000 4.48722600 0.00000000 971.29496600 1A3 0.00000000 0.00000000 4.46358656 0.00000000 964.23429936 1A4 0.00000000 0.00000000 4.58333363 0.00000000 1000.00000000 1A5 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000 1A6 0.00000000 0.00000000 4.58333400 0.00000000 1000.00000000 1A7 0.00000000 0.00000000 4.58333326 0.00000000 1000.00000000 1A8 0.00000000 0.00000000 4.58332500 0.00000000 1000.00000000 1A9 0.00000000 0.00000000 4.58332500 0.00000000 1000.00000000 1A10 0.00000000 0.00000000 4.58332500 0.00000000 1000.00000000 1A11 0.00000000 0.00000000 4.58332500 0.00000000 1000.00000000 1A12 0.00000000 0.00000000 4.58332500 0.00000000 1000.00000000 1A13 0.00000000 0.00000000 4.58332500 0.00000000 1000.00000000 1A14 0.00000000 0.00000000 4.58332500 0.00000000 1000.00000000 1A15 0.00000000 0.00000000 4.58332500 0.00000000 1000.00000000 1A16 0.00000000 0.00000000 4.58332500 0.00000000 1000.00000000 1A17 0.00000000 0.00000000 4.58332500 0.00000000 1000.00000000 1A18 0.00000000 0.00000000 4.58332500 0.00000000 1000.00000000 1A19 0.00000000 0.00000000 4.58332500 0.00000000 1000.00000000 1A20 0.00000000 0.00000000 4.58332500 0.00000000 1000.00000000 1A21 0.00000000 0.00000000 4.58332500 0.00000000 1000.00000000 1A22 0.00000000 0.00000000 4.58332500 0.00000000 1000.00000000 1A23 0.00000000 0.00000000 4.58332500 0.00000000 1000.00000000 1A24 0.00000000 0.00000000 4.58332500 0.00000000 1000.00000000 1A25 0.00000000 0.00000000 4.58332500 0.00000000 1000.00000000 1A26 0.00000000 0.00000000 4.58332500 0.00000000 1000.00000000 1A27 0.00000000 0.00000000 4.58332500 0.00000000 1000.00000000 1A28 0.00000000 0.00000000 4.58332500 0.00000000 1000.00000000 1A29 0.00000000 0.00000000 4.58332500 0.00000000 1000.00000000 1A30 0.00000000 0.00000000 4.58332500 0.00000000 1000.00000000 1A31 0.00000000 0.00000000 4.58332500 0.00000000 1000.00000000 1A32 0.00000000 0.00000000 4.58332731 0.00000000 1000.00000000 1A33 0.00000000 0.00000000 4.58333326 0.00000000 1000.00000000 1A34 0.00000000 0.00000000 4.37499926 0.00000000 1000.00000000 1A35 0.00000000 0.00000000 4.79166740 0.00000000 1000.00000000 1A36 0.00000000 0.00000000 1.32192587 0.00000000 972.56715456 1A37 0.00000000 0.00000000 10.30234525 0.00000000 972.56715450 1A38 0.00000000 0.00000000 4.58333181 0.00000000 1000.00000000 1A39 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000 1A40 0.00000000 0.00000000 4.58332896 0.00000000 1000.00000000 1A41 0.00000000 0.00000000 4.53638012 0.00000000 984.59822456 1A42 0.00000000 0.00000000 4.53637056 0.00000000 984.59822335 1A43 0.00000000 0.00000000 4.62544345 0.00000000 1013.81311699 1A44 0.00000000 0.00000000 4.47159308 0.00000000 966.62564366 1AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1AMR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1AWIO 0.00000000 0.00000000 0.16050733 0.00000000 962.27393146 2A1 0.00000000 0.00000000 3.92551192 0.00000000 987.50101589 2A2 0.00000000 0.00000000 3.92551304 0.00000000 987.50101592 2AWIO 0.00000000 0.00000000 0.21866112 0.00000000 987.55031892 AP 0.00000000 0.00000000 0.00000000 0.00000000 990.15152543 B1 0.00000000 0.00000000 4.53921485 0.00000000 996.30486502 B2 0.00000000 0.00000000 4.53921439 0.00000000 996.30486383 B3 0.00000000 0.00000000 4.53921425 0.00000000 996.30486642 B4 0.00000000 0.00000000 4.53921384 0.00000000 996.30486373 B5 0.00000000 0.00000000 4.53921384 0.00000000 996.30486373 B6 0.00000000 0.00000000 4.53921260 0.00000000 996.30492621 (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 APO-1 0.00000% 0.00 0.00 18,163,096.34 18,139,669.05 99.02686614% APO-2 0.00000% 0.00 0.00 665,892.03 662,864.82 98.69567393%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 6,102,355.26 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 6,102,355.26 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 132,143.74 Payment of Interest and Principal 5,970,211.52 Total Withdrawals (Pool Distribution Amount) 6,102,355.26 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 130,835.37 Trustee Fee 1,308.37 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 132,143.74

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%

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 Mixed Fixed Weighted Average Gross Coupon 5.624221% Weighted Average Pass-Through Rate 5.326193% Weighted Average Maturity(Stepdown Calculation ) 334 Beginning Scheduled Collateral Loan Count 1,378 Number Of Loans Paid In Full 5 Ending Scheduled Collateral Loan Count 1,373 Beginning Scheduled Collateral Balance 628,009,733.97 Ending Scheduled Collateral Balance 624,826,939.76 Ending Actual Collateral Balance at 30-Nov-2003 624,826,939.76 Monthly P &I Constant 3,816,924.36 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 5,821,799.35 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans 624,826,939.76 Scheduled Principal 873,536.64 Unscheduled Principal 2,309,257.57

Miscellaneous Reporting Total Senior Percentage 97.293462% Aggregate Subordinate Percentage 2.706538%

Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description xed Fixed Ratio Strip d 15 Year Ratio Strip Mixed Fixed Weighted Average Coupon Rate 5.676318 5.186269 5.624221 Weighted Average Net Rate 5.426318 4.936269 5.374221 Weighted Average Maturity 354 174 334 Beginning Loan Count 1,234 144 1,378 Loans Paid In Full 5 0 5 Ending Loan Count 1,229 144 1,373 Beginning Scheduled Balance 561,245,207.46 66,764,526.51 628,009,733.97 Ending scheduled Balance 558,345,520.63 66,481,419.13 624,826,939.76 Record Date 11/30/2003 11/30/2003 11/30/2003 Principal And Interest Constant 3,271,152.70 545,771.66 3,816,924.36 Scheduled Principal 616,313.96 257,222.68 873,536.64 Unscheduled Principal 2,283,372.87 25,884.70 2,309,257.57 Scheduled Interest 2,654,838.74 288,548.98 2,943,387.72 Servicing Fees 116,926.10 13,909.27 130,835.37 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 1,169.28 139.09 1,308.37 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 21,044.66 2,781.85 23,826.51 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 2,515,698.70 271,718.77 2,787,417.47 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 5.378823 4.883769 5.326193

Miscellaneous Reporting Group Group 1 Subordinate Percentage 2.875935% Subordinate Prepayment Percentage 0.000000% Senior Prepayment Percentage 100.000000% Senior Percentage 97.124065% Group Group 2 Subordinate Percentage 1.314736% Subordinate Prepayment Percentage 0.000000% Senior Prepayment Percentage 100.000000% Senior Percentage 98.685264%

Filing Compare · BANC OF AMERICA FUNDING MTG PASS THRU CERTS SER 2003-3