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): ~~April~~May 2527, 2003 LONG BEACH SECURITIES CORP (as depositor, Long Beach Mortgage Company, as Master Servicer, Federal National Mortgage Association, Guarantor (with respect to the Class A-1 Certificates and the Class S-1 Certificates) and Deutsche Bank National Trust Company, as Trustee). LONG BEACH SECURITIES CORP ASSET BACKED CERT SERIES 2003-1 (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-90550-04 33-0917586 (Commission File Number) (I.R.S. Employer Identification No.) 1100 Town and Country Road Orange, California 92868 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (714) 541-5378 Item 5. Other Events Attached hereto is a copy of the Monthly Remittance Statements to the Certificateholders which was derived from the monthly information submitted by the Master Servicer of the Trust to the Trustee. Item 7. Financial Statement and Exhibits Exhibits: (as noted in Item 5 above) Monthly Remittance Statement to the Certificateholders dated as of ~~April~~May 2527, 2003. SIGNATURE 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. Deutsche Bank National Trust Company, not in its individual capacity, but solely as a duly authorized agent of the Registrant pursuant to the Pooling and Servicing Agreement, dated as of February 1,2003. Date: ~~May~~Jun 0102, 2003 By: /s/ David Co David Co Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of ~~April~~May 2527, 2003.

	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates
	April 25, 2003 Distribution
	May 27, 2003 Distribution
	Contents
			TABLE OF CONTENTS
								Page
			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				8
			4.	Credit Enhancement Report				11
			5.	Collateral Report				12
			6.	Delinquency Report				15
			7.	REO Report				18
			8.	Foreclosure Report				19
			9.	Prepayment Report				20
			10.	Prepayment Detail Report				23
			11.	Realized Loss Report				25
			12.	Realized Loss Detail Report				28
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				29
				Total Number of Pages				29
			CONTACTS
				Administrator: Valerie Delgado
				Direct Phone Number: (714)247-6273
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705
				Web Site: https://www.corporatetrust.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000
ISSUANCE INFORMATION
	Seller:		Long Beach Mortgage					Cut-Off Date: February 1, 2003
	Certificate Insurer(s):							Closing Date: February 6, 2003
								First Payment Date: March 25, 2003
	Servicer(s):		Washington Mutual Master Servicer
								Distribution Date: April 25, 2003
								Distribution Date: May 27, 2003
	Underwriter(s):		Deutsche Banc Alex Brown Co-Lead Underwriter					Record Date: ~~April~~May 2423, 2003
			Lehman Brothers Securities Corporation					March 31, 2003
			Lehman Brothers					April 30, 2003
						Page 1 of 29					© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates
	REMIC III Series 2003-1
	Certificate Payment Report for April 25, 2003 Distribution
	Certificate Payment Report for May 27, 2003 Distribution
	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
A-1	FLT	1,044,000,000.00			1,~~040~~034,~~502~~302,~~864~~748.8780	1,~~294~~342,~~703~~295.5012	610,~~200~~512,~~116~~263.0702	711,~~494~~854,~~819~~558.5714	-	-	1,~~034~~023,~~302~~790,~~748~~485.8078
A-2	FLT	644,000,000.00			~~638~~633,~~802~~087,~~981~~003.28	~~937~~967,~~886~~919.9969	58,~~715~~637,~~978~~468.0026	69,~~653~~605,~~864~~387.9995	-	-	~~633~~624,~~087~~449,~~003~~535.2802
S-1	IO	240,000,000.00			240,000,000.00	850,000.00	-	850,000.00	-	-	240,000,000.00
S-2	IO	160,000,000.00			160,000,000.00	566,666.67	-	566,666.67	-	-	160,000,000.00
M-1	MEZ	52,000,000.00			52,000,000.00	99103,~~630~~537.5678	-	99103,~~630~~537.5678	-	-	52,000,000.00
M-2	MEZ	101,000,000.00			101,000,000.00	~~291~~302,~~791~~551.8111	-	~~291~~302,~~791~~551.8111	-	-	101,000,000.00
M-3	MEZ	80,000,000.00			80,000,000.00	~~353~~352,~~612~~602.0742	-	~~353~~352,~~612~~602.0742	-	-	80,000,000.00
M-4	MEZ	40,000,000.00			40,000,000.00	~~165~~171,~~505~~377.5678	-	~~165~~171,~~505~~377.5678	-	-	40,000,000.00
LT3-C		39,000,069.33			39,000,003.30	7,~~553~~377,~~366~~797.8370	-	7,~~553~~377,~~366~~797.8370	-	-	39,000,003.30
LT3-P		100.00			100.00	~~104~~216,~~659~~459.1930	-	~~104~~216,~~659~~459.1930	-	-	100.00
R-M4X		-			-	-	-	-	-	-	-
Total		2,400,000,169.33			2,~~391~~379,~~305~~389,~~949~~855.4538	12,~~217~~251,~~823~~207.1857	1119,~~916~~149,~~094~~731.0728	2431,~~133~~400,~~917~~938.2585	-	-	2,~~379~~360,~~389~~240,~~855~~124.3810
	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)
A-1	0304/25/03	0405/2426/03		A-Act/360	542514DN1	1,044,000,000.00	~~996~~990.~~650254~~711445	1.~~240137~~285723	510.~~938808~~069217	711.~~178946~~354941	~~990~~980.~~711445~~642228
A-2	0304/25/03	0405/2426/03		A-Act/360	542514DG6	644,000,000.00	~~991~~983.~~930095~~054353	1.~~456346~~502981	813.~~875742~~412218	1014.~~332088~~915199	~~983~~969.~~054353~~642135
S-1				A-30/360	542514DP6	240,000,000.00	1,000.000000	3.541667	-	3.541667	1,000.000000
S-2				A-30/360	542514DH4	160,000,000.00	1,000.000000	3.541667	-	3.541667	1,000.000000
M-1	0304/25/03	0405/2426/03		A-Act/360	542514DJ0	52,000,000.00	1,000.000000	1.~~915972~~991111	-	1.~~915972~~991111	1,000.000000
M-2	0304/25/03	0405/2426/03		A-Act/360	542514DK7	101,000,000.00	1,000.000000	2.~~889028~~995556	-	2.~~889028~~995556	1,000.000000
M-3	0304/25/03	0405/2426/03		A-Act/360	542514DL5	80,000,000.00	1,000.000000	4.~~420151~~407530	-	4.~~420151~~407530	1,000.000000
M-4	0304/25/03	0405/2426/03		A-Act/360	542514DM3	40,000,000.00	1,000.000000	4.~~137639~~284445	-	4.~~137639~~284445	1,000.000000
LT3-C				A-30/360		39,000,069.33	999.998307	~~193~~189.~~675728~~173964	-	~~193~~189.~~675728~~173964	999.998307
LT3-P				-		100.00	1,000.000000	12,~~046~~164,~~591~~593.~~900000~~000000	-	12,~~046~~164,~~591~~593.~~900000~~000000	1,000.000000
R-M4X				-		-	-	-	-	-	-
							Page 2 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates
	REMIC III Series 2003-1
	Certificate Payment Report for April 25, 2003 Distribution
	Certificate Payment Report for May 27, 2003 Distribution
	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
A-1	1,044,000,000.00		34,~~311~~654,~~943~~238.5062		717,~~892~~502,~~515~~028.6000	12,~~804~~707,~~735~~486.6022	920,~~697~~209,~~251~~514.2022	1324,~~009~~863,~~194~~752.7084	-	-	1,~~034~~023,~~302~~790,~~748~~485.8078
A-2	644,000,000.00		23,~~400~~368,~~840~~760.3201		917,~~449~~355,~~040~~176.8567	12,~~463~~195,~~955~~288.8731	1019,~~912~~550,~~996~~464.7298	1322,~~313~~919,~~837~~224.0499	-	-	~~633~~624,~~087~~449,~~003~~535.2802
S-1	240,000,000.00		12,~~700~~550,000.00		-	-	-	12,~~700~~550,000.00	-	-	240,000,000.00
S-2	160,000,000.00		1,~~133~~700,~~333~~000.3401		-	-	-	1,~~133~~700,~~333~~000.3401	-	-	160,000,000.00
M-1	52,000,000.00		~~253~~356,~~059~~597.4523		-	-	-	~~253~~356,~~059~~597.4523	-	-	52,000,000.00
M-2	101,000,000.00		~~738~~1,~~800~~041,352.9809		-	-	-	~~738~~1,~~800~~041,352.9809	-	-	101,000,000.00
M-3	80,000,000.00		~~911~~1,~~345~~263,947.4082		-	-	-	~~911~~1,~~345~~263,947.4082	-	-	80,000,000.00
M-4	40,000,000.00		~~418~~589,~~261~~638.1290		-	-	-	~~418~~589,~~261~~638.1290	-	-	40,000,000.00
LT3-C	39,000,069.33		1320,~~296~~673,~~148~~945.2393		66.03	-	66.03	1320,~~296~~674,~~214~~011.2696	-	-	39,000,003.30
LT3-P	100.00		~~165~~382,~~839~~299.8010		-	-	-	~~165~~382,~~839~~299.8010	-	-	100.00
R-M4X	-		-		-	-	-	-	-	-	-
Total	2,400,000,169.33		2436,~~329~~580,~~572~~779.1471		1734,~~341~~857,~~622~~270.4870	34,~~268~~902,~~691~~774.4753	2039,~~610~~760,~~313~~045.9523	4476,~~939~~340,~~886~~824.0994	-	-	2,~~379~~360,~~389~~240,~~855~~124.3810
	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
A-1	1.~~44500~~46000%	1,~~040~~034,~~502~~302,~~864~~748.8780			1,~~294~~342,~~703~~295.5012	-	-	-	1,~~294~~342,~~703~~295.5012	1,~~294~~342,~~703~~295.5012	-
A-2	1.~~70500~~72000%	~~638~~633,~~802~~087,~~981~~003.28			~~937~~967,~~886~~919.9969	-	-	-	~~937~~967,~~886~~919.9969	~~937~~967,~~886~~919.9969	-
S-1	4.25000%	240,000,000.00			850,000.00	-	-	-	850,000.00	850,000.00	-
S-2	4.25000%	160,000,000.00			566,666.67	-	-	-	566,666.67	566,666.67	-
M-1	2.~~22500~~24000%	52,000,000.00			99103,~~630~~537.5678	-	-	-	99103,~~630~~537.5678	99103,~~630~~537.5678	-
M-2	3.~~35500~~37000%	101,000,000.00			~~291~~302,~~791~~551.8111	-	-	-	~~291~~302,~~791~~551.8111	~~291~~302,~~791~~551.8111	-
M-3	54.~~13308~~95847%	80,000,000.00			~~353~~352,~~612~~602.0742	-	-	-	~~353~~352,~~612~~602.0742	~~353~~352,~~612~~602.0742	-
M-4	4.~~80500~~82000%	40,000,000.00			~~165~~171,~~505~~377.5678	-	-	-	~~165~~171,~~505~~377.5678	~~165~~171,~~505~~377.5678	-
LT3-C		39,000,003.30			7,~~553~~377,~~366~~797.8370	-	-	-	7,~~553~~377,~~366~~797.8370	7,~~553~~377,~~366~~797.8370	-
LT3-P		100.00			~~104~~216,~~659~~459.1930	-	-	-	~~104~~216,~~659~~459.1930	~~104~~216,~~659~~459.1930	-
R-M4X		-			-	-	-	-	-	-	-
Total		2,~~391~~379,~~305~~389,~~949~~855.4538			12,~~217~~251,~~823~~207.1857	-	-	-	############	12,~~217~~251,~~823~~207.1857	-
							Page 3 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates
	REMIC IV Series 2003-1
	Certificate Payment Report for April 25, 2003 Distribution
	Certificate Payment Report for May 27, 2003 Distribution
	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
C	SUB	39,000,069.33			39,000,003.30	7,~~553~~377,~~366~~797.8370	-	7,~~553~~377,~~366~~797.8370	-	-	39,000,003.30
R-CX		-			-	-	-	-	-	-	-
Total		39,000,069.33			39,000,003.30	7,~~553~~377,~~366~~797.8370	-	7,~~553~~377,~~366~~797.8370	-	-	39,000,003.30
	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)
C				A-30/360		39,000,069.33	999.998307	~~193~~189.~~675728~~173964	-	~~193~~189.~~675728~~173964	999.998307
R-CX				-		-	-	-	-	-	-
							Page 4 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates
	REMIC IV Series 2003-1
	Certificate Payment Report for April 25, 2003 Distribution
	Certificate Payment Report for May 27, 2003 Distribution
	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
C	39,000,069.33		1320,~~296~~673,~~148~~945.2393		-	66.03	66.03	1320,~~296~~674,~~214~~011.2696	-	-	39,000,003.30
R-CX	-		-		-	-	-	-	-	-	-
Total	39,000,069.33		1320,~~296~~673,~~148~~945.2393		-	66.03	66.03	1320,~~296~~674,~~214~~011.2696	-	-	39,000,003.30
	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
C		39,000,003.30			7,~~553~~377,~~366~~797.8370	-	-	-	7,~~553~~377,~~366~~797.8370	7,~~553~~377,~~366~~797.8370	-
R-CX		-			-	-	-	-	-	-	-
Total		39,000,003.30			7,~~553~~377,~~366~~797.8370	-	-	-	7,~~553~~377,~~366~~797.8370	7,~~553~~377,~~366~~797.8370	-
							Page 5 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates
	REMIC V Series 2003-1
	Certificate Payment Report for April 25, 2003 Distribution
	Certificate Payment Report for May 27, 2003 Distribution
	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
P	EXE	100.00			100.00	~~104~~216,~~659~~459.1930	-	~~104~~216,~~659~~459.1930	-	-	100.00
R-PX		-			-	-	-	-	-	-	-
Total		100.00			100.00	~~104~~216,~~659~~459.1930	-	~~104~~216,~~659~~459.1930	-	-	100.00
	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)
P				-		100.00	1,000.000000	12,~~046~~164,~~591~~593.~~900000~~000000	-	12,~~046~~164,~~591~~593.~~900000~~000000	1,000.000000
R-PX				-		-	-	-	-	-	-
							Page 6 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates
	REMIC V Series 2003-1
	Certificate Payment Report for April 25, 2003 Distribution
	Certificate Payment Report for May 27, 2003 Distribution
	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
P	100.00		~~165~~382,~~839~~299.8010		-	-	-	~~165~~382,~~839~~299.8010	-	-	100.00
R-PX	-		-		-	-	-	-	-	-	-
Total	100.00		~~165~~382,~~839~~299.8010		-	-	-	~~165~~382,~~839~~299.8010	-	-	100.00
	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
P		100.00			~~104~~216,~~659~~459.1930	-	-	-	~~104~~216,~~659~~459.1930	~~104~~216,~~659~~459.1930	-
R-PX		-			-	-	-	-	-	-	-
Total		100.00			~~104~~216,~~659~~459.1930	-	-	-	~~104~~216,~~659~~459.1930	~~104~~216,~~659~~459.1930	-
							Page 7 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates
	Collection Account Report for April 25, 2003 Distribution
	Collection Account Report for May 27, 2003 Distribution
	Collection Account Report
SUMMARY						GROUP II	GROUP I	TOTAL
	Principal Collections					58,~~715~~637,~~978~~468.0026	610,~~200~~512,~~116~~263.0702	1119,~~916~~149,~~094~~731.0728
	TOTAL NET PRINCIPAL					58,~~715~~637,~~978~~468.0026	610,~~200~~512,~~116~~263.0702	1119,~~916~~149,~~094~~731.0728
	Interest Collections					5,~~137~~092,~~871~~027.2994	7,~~869~~813,~~051~~275.2919	1312,~~006~~905,~~922~~303.5813
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					2661,~~666~~414.7038	77155,~~992~~044.4992	~~104~~216,~~659~~459.1930
	Interest Fees					(~~262~~250,~~986~~361.8220)	(~~397~~381,~~814~~154.7580)	(~~660~~631,~~801~~516.5600)
	Fannie Mae Guaranty Fee						~~232~~239,~~957~~038.0386	~~232~~239,~~957~~038.0386
	TOTAL NET INTEREST					4,~~901~~903,~~551~~081.1712	7,~~316~~348,~~272~~126.0045	12,~~217~~251,~~823~~207.1857
	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION					1013,~~617~~540,~~529~~549.1738	1317,~~516~~860,~~388~~389.0747	2431,~~133~~400,~~917~~938.2585
PRINCIPAL - COLLECTIONS						GROUP II	GROUP I	TOTAL
	Scheduled Principal					~~732~~731,~~279~~332.9644	~~903~~902,~~555~~750.5062	1,~~635~~634,~~835~~083.4606
	Prepayments In Full					47,~~768~~792,~~051~~021.0835	59,~~192~~542,~~152~~528.8131	917,~~960~~334,~~203~~549.8966
	Curtailments					~~215~~114,~~646~~114.9647	~~104~~66,~~407~~984.7609	~~320~~181,~~054~~098.7256
	Liquidations					0.00	0.00	0.00
	Insurance Principal					0.00	0.00	0.00
	Repurchased Principal Amounts					0.00	0.00	0.00
	Other Principal					0.00	0.00	0.00
	Total Realized Loss Of Principal					0.00	0.00	0.00
	Delinquent Principal					(~~133~~153,~~197~~282.9033)	(~~152~~174,~~465~~784.2901)	(~~285~~328,~~663~~066.1934)
	Advanced Principal					~~133~~153,~~197~~282.9033	~~152~~174,~~465~~784.2901	~~285~~328,~~663~~066.1934
	TOTAL PRINCIPAL COLLECTED					58,~~715~~637,~~978~~468.0026	610,~~200~~512,~~116~~263.0702	1119,~~916~~149,~~094~~731.0728
				Page 8 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates
	Collection Account Report for April 25, 2003 Distribution
	Collection Account Report for May 27, 2003 Distribution
	Collection Account Report
PRINCIPAL - WITHDRAWALS						GROUP II	GROUP I	TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS						GROUP II	GROUP I	TOTAL
SPACE INTENTIONALLY LEFT BLANK
INTEREST - COLLECTIONS						GROUP II	GROUP I	TOTAL
	Scheduled Interest					5,~~208~~172,~~948~~226.1520	7,~~973~~932,~~622~~035.9317	13,~~182~~104,~~571~~261.0837
	Liquidation Interest					0.00	0.00	0.00
	Repurchased Interest					0.00	0.00	0.00
	Insurance Interest					0.00	0.00	0.00
	Other Interest					0.00	0.00	0.00
	Relief Act Interest Shortfalls					(21,~~233~~115.4162)	(2,~~846~~963.4035)	(54,~~079~~078.8197)
	Prepayment Interest Shortfalls					~~(14~~481,~~217~~784,326.~~93)~~53	~~(15~~868,~~823~~770,565.~~73)~~39	~~(30~~1,~~041~~350,554,891.~~66)~~92
	Compensating Interest					14(481,~~217~~784,326.9353)	15(868,~~823~~770,565.7339)	30(1,~~041~~350,554,891.6692)
	Delinquent Interest					(1,~~115~~286,~~259~~823.7102)	(12,~~807~~056,~~301~~541.0019)	(23,~~922~~343,~~560~~364.7121)
	Interest Advanced					1,~~046~~207,~~416~~740.2638	1,~~705~~940,~~575~~744.7656	23,~~751~~148,~~992~~484.0294
	TOTAL INTEREST COLLECTED					5,~~137~~092,~~871~~027.2994	7,~~869~~813,~~051~~275.2919	1312,~~006~~905,~~922~~303.5813
				Page 9 of 29				© COPYRIGHT 2003 Deutsche Bank
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	Collection Account Report
INTEREST - WITHDRAWALS						GROUP II	GROUP I	TOTAL
	Extraordinary Trust Fund Expenses					0.00	0.00	0.00
	TOTAL INTEREST WITHDRAWALS					0.00	0.00	0.00
INTEREST - OTHER ACCOUNTS						GROUP II	GROUP I	TOTAL
	Prepayment Charges					2661,~~666~~414.7038	77155,~~992~~044.4992	~~104~~216,~~659~~459.1930
	TOTAL INTEREST OTHER ACCOUNTS					2661,~~666~~414.7038	77155,~~992~~044.4992	~~104~~216,~~659~~459.1930
INTEREST - FEES						GROUP II	GROUP I	TOTAL
	Current Servicing Fees					~~262~~249,~~324~~703.4863	~~396~~380,~~817~~162.6688	~~659~~629,~~142~~866.1451
	Trustee Fee					~~662~~657.3457	~~997~~991.0992	1,~~659~~649.4249
	TOTAL INTEREST OTHER FEES					~~262~~250,~~986~~361.8220	~~397~~381,~~814~~154.7580	~~660~~631,~~801~~516.5600
				Page 10 of 29				© COPYRIGHT 2003 Deutsche Bank
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	Credit Enhancement Report for May 27, 2003 Distribution
	Credit Enhancement Report
ACCOUNTS						GROUP II	GROUP I	TOTAL
SPACE INTENTIONALLY LEFT BLANK
INSURANCE						GROUP II	GROUP I	TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES						GROUP II	GROUP I	TOTAL
	Overcollateralized Amount - Prior Period							39,000,003.30
	Current Period Losses							0.00
	Overcollateralized Amount - After Current Losses							39,000,003.30
	Overcollateralization Increase Amount							0.00
	Overcollateralization Reduction Amount							0.00
	Overcollateralized Amount - Ending							39,000,003.30
	OC Deficiency Amount - Ending							(0.00)
	Required Overcollateralized Amount							39,000,003.30
				Page 11 of 29				© COPYRIGHT 2003 Deutsche Bank
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	Collateral Report for May 27, 2003 Distribution
	Collateral Report
COLLATERAL						GROUP II	GROUP I	TOTAL
	Loan Count:
	Original					4316	8066	12382
	Prior					4,~~298~~273	8,~~049~~020	12,~~347~~293
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(2536)	(2958)	(5494)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					4,~~273~~237	87,~~020~~962	12,~~293~~199
	Principal Balance:
	Original					800,000,068.53	1,200,000,100.80	2,000,000,169.33
	Prior					~~794~~789,~~803~~087,~~010~~032.34	1,~~196~~190,~~502~~302,~~939~~823.1104	1,~~991~~979,~~305~~389,~~949~~855.4538
	Prefunding					-	-	-
	Scheduled Principal					(~~732~~731,~~279~~332.9644)	(~~903~~902,~~555~~750.5062)	(1,~~635~~634,~~835~~083.4606)
	Partial and Full Voluntary Prepayments					(47,~~983~~906,~~698~~135.0482)	(59,~~296~~609,~~560~~512.5740)	(1017,~~280~~515,~~258~~648.6122)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					~~789~~780,~~087~~449,~~032~~564.3408	1,~~190~~179,~~302~~790,~~823~~560.0402	1,~~979~~960,~~389~~240,~~855~~124.3810
PREFUNDING						GROUP II	GROUP I	TOTAL
SPACE INTENTIONALLY LEFT BLANK
	Group I
	Group II
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
				Page 12 of 29				© COPYRIGHT 2003 Deutsche Bank
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	Collateral Report
CHARACTERISTICS						GROUP II	GROUP I	TOTAL
	Weighted Average Coupon Original					7.864954%	7.996644%	7.943968%
	Weighted Average Coupon Prior					7.~~864954~~864512%	7.~~996644~~996928%	7.~~943968~~944076%
	Weighted Average Coupon Current					7.~~864512~~865636%	7.~~996928~~996656%	7.~~944076~~944425%
	Weighted Average Months to Maturity Original					334	354	346
	Weighted Average Months to Maturity Prior					~~334~~333	~~354~~353	~~346~~345
	Weighted Average Months to Maturity Current					~~333~~332	~~353~~352	~~345~~344
	Weighted Avg Remaining Amortization Term Original					-	-	-
	Weighted Avg Remaining Amortization Term Prior					-	-	-
	Weighted Avg Remaining Amortization Term Current					-	-	-
	Weighted Average Seasoning Original					3.12	3.04	3.07
	Weighted Average Seasoning Prior					34.12	34.04	34.07
	Weighted Average Seasoning Current					45.12	45.04	45.07
Note: Original information refers to deal issue.
	Group I
	Group II
WAC by Groups					Total WAC
WARAT by Groups					Total WARAT
Note: Dates correspond to distribution dates.
				Page 13 of 29				© COPYRIGHT 2003 Deutsche Bank
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	Collateral Report
ARM CHARACTERISTICS						GROUP II	GROUP I	TOTAL
	Weighted Average Margin Original					3.182%	4.302%
	Weighted Average Margin Prior					3.182%	4.~~302~~306%
	Weighted Average Margin Current					3.~~182~~179%	4.306%
	Weighted Average Max Rate Original					11.604%	13.172%
	Weighted Average Max Rate Prior					11.~~604~~606%	13.~~172~~176%
	Weighted Average Max Rate Current					11.~~606~~602%	13.~~176~~179%
	Weighted Average Min Rate Original					4.552%	6.441%
	Weighted Average Min Rate Prior					4.~~552~~550%	6.~~441~~446%
	Weighted Average Min Rate Current					4.~~550~~547%	6.446%
	Weighted Average Cap Up Original
	Weighted Average Cap Up Prior
	Weighted Average Cap Up Current
	Weighted Average Cap Down Original
	Weighted Average Cap Down Prior
	Weighted Average Cap Down Current
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES						GROUP II	GROUP I	TOTAL
	Current Servicing Fees					~~262~~249,~~324~~703.4863	~~396~~380,~~817~~162.6688	~~659~~629,~~142~~866.1451
	Delinquent Servicing Fees					6879,~~843~~082.4563	~~101~~115,~~725~~796.2463	~~170~~194,~~568~~879.6926
	TOTAL SERVICING FEES					~~331~~328,~~167~~786.9326	~~498~~495,~~542~~959.9051	~~829~~824,~~710~~745.8377
	Compensating Interest					~~(14~~481,~~217~~784,326.~~93)~~53	~~(15~~868,~~823~~770,565.~~73)~~39	~~(30~~1,~~041~~350,554,891.~~66)~~92
	Delinquent Servicing Fees					(6879,~~843~~082.4563)	(~~101~~115,~~725~~796.2463)	(~~170~~194,~~568~~879.6926)
	COLLECTED SERVICING FEES					~~248~~482,~~106~~034,030.5516	~~380~~869,~~993~~150,728.9327	~~629~~1,~~100~~351,184,758.4843
	Total Advances					1,~~179~~361,~~614~~022.1671	12,~~858~~115,~~041~~528.0557	3,~~037~~476,~~655~~551.2128
	Current Nonrecoverable Advances					0.00	0.00	0.00
ADDITIONAL COLLATERAL INFORMATION						GROUP II	GROUP I	TOTAL
	Net Prepayment Interest Shortfall					0.00	0.00	0.00
				Page 14 of 29				© COPYRIGHT 2003 Deutsche Bank
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	Delinquency Report for May 27, 2003 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			1319,~~287~~910,~~537~~694.3207	~~346~~4,~~530~~980,021.3955	-	1324,~~634~~890,~~067~~715.7162
		% Balance			01.6702%	0.0225%	0.00%	01.6927%
		# Loans			72132	231	-	74163
		% # Loans			01.5908%	0.0225%	0.00%	01.6034%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		3,~~396~~186,~~859~~398.7399	~~159~~365,~~428~~924.0253	~~65,104.79~~-	-65,075.01	3,~~621~~617,~~392~~398.5453
		% Balance		0.1716%	0.0102%	0.00%	0.00%	0.18%
		# Loans		2220	13	1-	-1	24
		% # Loans		0.1816%	0.0102%	0.0100%	0.0001%	0.20%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		3,~~396~~186,~~859~~398.7399	1320,~~446~~276,~~965~~618.3460	~~411~~4,~~635~~980,021.1855	-65,075.01	1728,~~255~~508,~~460~~114.2515
		% Balance		0.1716%	01.6803%	0.0225%	0.00%	01.8745%
		# Loans		2220	73135	331	-1	98187
		% # Loans		0.1816%	01.5911%	0.0225%	0.0001%	01.8053%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 15 of 29				© COPYRIGHT 2003 Deutsche Bank
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	Delinquency Report for April 25, 2003 Distribution
	Delinquency Report for May 27, 2003 Distribution
	Delinquency Report - Group I Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			612,~~939~~391,~~855~~397.4836	~~346~~2,~~530~~796,394.3990	-	715,~~286~~187,~~385~~792.8726
		% Balance			01.5805%	0.0324%	0.00%	01.6129%
		# Loans			50102	221	-	52123
		% # Loans			01.6228%	0.0226%	0.00%	01.6554%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		21,~~051~~842,~~720~~400.4067	~~159~~365,~~428~~924.0253	~~65,104.79~~-	-65,075.01	2,~~276~~273,~~253~~400.21
		% Balance		0.1716%	0.0103%	0.0100%	0.0001%	0.19%
		# Loans		1816	13	1-	-1	20
		% # Loans		0.2220%	0.0104%	0.0100%	0.0001%	0.25%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		21,~~051~~842,~~720~~400.4067	712,~~099~~757,~~283~~321.5089	~~411~~2,~~635~~796,394.1890	-65,075.01	917,~~562~~461,~~639~~192.0847
		% Balance		0.1716%	01.6008%	0.0324%	0.0001%	01.8048%
		# Loans		1816	51105	321	-1	72143
		% # Loans		0.2220%	01.6432%	0.0426%	0.0001%	01.9080%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 16 of 29				© COPYRIGHT 2003 Deutsche Bank
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	Delinquency Report for May 27, 2003 Distribution
	Delinquency Report - Group II Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			67,~~347~~519,~~681~~296.8471	-2,183,626.65	-	69,~~347~~702,~~681~~923.8436
		% Balance			0.8096%	0.0028%	0.00%	01.8024%
		# Loans			2230	-10	-	2240
		% # Loans			0.5171%	0.0024%	0.00%	0.5194%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		1,~~345~~343,~~139~~998.3332	-	-	-	1,~~345~~343,~~139~~998.3332
		% Balance		0.17%	0.00%	0.00%	0.00%	0.17%
		# Loans		4	-	-	-	4
		% # Loans		0.09%	0.00%	0.00%	0.00%	0.09%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		1,~~345~~343,~~139~~998.3332	67,~~347~~519,~~681~~296.8471	-2,183,626.65	-	711,~~692~~046,~~821~~921.1768
		% Balance		0.17%	0.8096%	0.0028%	0.00%	01.9742%
		# Loans		4	2230	-10	-	2644
		% # Loans		0.09%	0.5171%	0.0024%	0.00%	01.6104%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 17 of 29				© COPYRIGHT 2003 Deutsche Bank
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	REO Report for April 25, 2003 Distribution
	REO Report for May 27, 2003 Distribution
	REO Report - Mortgage Loans that Become REO During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Group I Group; REO Book Value = 000.00
Total Original Principal Balance = 000.00				Loan Group 2 = Group II Group; REO Book Value = 000.00
Total Current Balance = 000.00
REO Book Value = 000.00
REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
				Page 18 of 29				© COPYRIGHT 2003 Deutsche Bank
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	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Group I Group
Total Original Principal Balance = 000.00				Loan Group 2 = Group II Group
Total Current Balance = 000.00
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
				Page 19 of 29				© COPYRIGHT 2003 Deutsche Bank
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	Prepayment Report for April 25, 2003 Distribution
	Prepayment Report for May 27, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS						GROUP II	GROUP I	TOTAL
	Current
	Number of Paid in Full Loans					2536	2958	5494
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					2536	2958	5494
	Paid in Full Balance					47,~~768~~792,~~051~~021.0835	59,~~192~~542,~~152~~528.8131	917,~~960~~334,~~203~~549.8966
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					~~215~~114,~~646~~114.9647	~~104~~66,~~407~~984.7609	~~320~~181,~~054~~098.7256
	Total Prepayment Amount					47,~~983~~906,~~698~~135.0482	59,~~296~~609,~~560~~512.5740	1017,~~280~~515,~~258~~648.6122
	Cumulative
	Number of Paid in Full Loans					4379	46104	89183
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					4379	46104	89183
	Paid in Full Balance					916,~~173~~966,~~997~~018.0944	717,~~744~~287,~~871~~400.9425	1634,~~918~~253,~~869~~418.0369
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					~~275~~389,~~077~~192.6714	~~147~~214,~~663~~647.3847	~~422~~603,~~741~~839.0561
	Total Prepayment Amount					917,~~449~~355,~~074~~210.7658	717,~~892~~502,~~535~~047.3272	1734,~~341~~857,~~610~~258.0830
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 20 of 29				© COPYRIGHT 2003 Deutsche Bank
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	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES						GROUP II	GROUP I	TOTAL
	SMM					01.6300%	0.4481%	0.5289%
	3 Months Avg SMM					0.73%	0.49%	0.59%
	12 Months Avg SMM
	Avg SMM Since Cut-off					0.5973%	0.3349%	0.4459%
	CPR					711.2839%	59.1928%	610.0312%
	3 Months Avg CPR					8.42%	5.72%	6.80%
	12 Months Avg CPR
	Avg CPR Since Cut-off					68.8942%	35.8972%	56.1080%
	PSA					~~882~~1112.5422%	~~642~~920.4199%	~~740~~998.0754%
	3 Months Avg PSA Approximation					1020.75%	708.01%	835.53%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					~~950~~1020.9475%	~~549~~708.1401%	~~713~~835.4553%
	Group I
	Group II
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 21 of 29				© COPYRIGHT 2003 Deutsche Bank
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	Prepayment Report - Voluntary Prepayments
	Group I
	Group II
CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off
PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off
PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) .......(1-SMMm)]^(1/months in period n,m)
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m))
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of months in the period n,m)
Weighted Average Seasoning (WAS)
Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.
Dates correspond to distribution dates.
				Page 22 of 29				© COPYRIGHT 2003 Deutsche Bank
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	Prepayment Detail Report for April 25, 2003 Distribution
	Prepayment Detail Report for May 27, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 54						Loan Group 1 = Group I Group
Total Loan Count = 94						Loan Group 1 = Group I Group
Total Original Principal Balance = 9,987,214.00						Loan Group 2 = Group II Group
Total Original Principal Balance = 17,407,139.00						Loan Group 2 = Group II Group
Total Prepayment Amount = 9,960,203.89
Total Prepayment Amount = 17,334,549.66
Loan Number			Original			Current	State &	Type Prepayment
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Original Term	Date
44686897 1			94,500.00	94,194.06	Mar-03-03	9.150%	NC - 90.00%	Paid Off - 360	Aug-28-02
44577690 1			132,800.00	132,415.64	Apr-01-03	11.650%	CA - 80.00%	Paid Off - 360	Jun-17-02
44752178 1			199,200.00	198,455.27	Mar-24-03	6.375%	CA - 8000.00%	Paid Off - 360	Oct-08-02
44618932 1			103,200.00	102,921.10	Apr-04-03	11.400%	CA - 80.00%	Paid Off - 360	Jul-10-02
44757193 1			132,000.00	131,599.76	Mar-18-03	7.450%	FL - 64.39%	Paid Off - 360	Oct-10-02
44642411 1			225,000.00	224,293.11	Apr-14-03	10.700%	CA - 75.00%	Paid Off - 360	Jul-29-02
73551624 1			204,300.00	203,884.64	Mar-31-03	9.400%	MA - 85.48%	Paid Off - 360	Oct-28-02
44645927 1			109,592.00	109,028.31	Apr-30-03	8.950%	TX - 95.00%	Paid Off - 360	Jul-30-02
73552614 1			148,500.00	147,964.44	Mar-11-03	7.500%	MI - 90.00%	Paid Off - 360	Oct-28-02
44740421 1			314,100.00	312,536.41	Apr-29-03	7.300%	CA - 90.00%	Paid Off - 360	Sep-30-02
73555807 1			63,900.00	63,736.99	Mar-04-03	8.300%	NM - 90.00%	Paid Off - 360	Oct-29-02
44767861 1			288,000.00	286,928.55	Apr-07-03	7.550%	NY - 90.00%	Paid Off - 360	Oct-18-02
73556086 1			180,000.00	179,511.02	Mar-13-03	7.990%	CA - 84.51%	Paid Off - 360	Oct-29-02
44768984 1			107,100.00	106,677.13	Apr-28-03	7.250%	WA - 89.40%	Paid Off - 360	Oct-18-02
73557738 1			300,000.00	299,005.75	Mar-17-03	6.990%	CA - 75.00%	Paid Off - 360	Oct-30-02
73542789 1			57,000.00	55,956.30	Apr-29-03	8.450%	IL - 59.38%	Paid Off - 180	Oct-22-02
73558173 1			128,000.00	127,791.61	Mar-28-03	10.450%	CA - 77.58%	Paid Off - 360	Oct-30-02
73543282 1			275,000.00	274,260.22	Apr-30-03	9.300%	CA - 67.07%	Paid Off - 360	Oct-23-02
73558801 1			300,000.00	299,511.62	Mar-24-03	10.450%	CA - 80.00%	Paid Off - 360	Oct-30-02
73543696 1			111,350.00	111,096.87	Apr-02-03	9.950%	CA - 85.00%	Paid Off - 360	Oct-23-02
73564304 1			115,000.00	114,628.36	Mar-04-03	7.125%	CA - 76.67%	Paid Off - 360	Oct-31-02
73546483 1			150,000.00	147,449.12	Apr-08-03	6.250%	CA - 65.22%	Paid Off - 180	Oct-24-02
73570616 1			134,400.00	134,044.20	Mar-07-03	11.150%	MO - 80.00%	Paid Off - 360	Oct-31-02
73548836 1			312,000.00	311,089.26	Apr-09-03	8.750%	CA - 65.00%	Paid Off - 360	Oct-25-02
73571440 1			320,000.00	319,078.59	Mar-13-03	7.700%	CA - 80.00%	Paid Off - 360	Nov-01-02
73551020 1			115,000.00	114,289.23	Apr-02-03	7.750%	IL - 47.13%	Paid Off - 360	Oct-28-02
73578858 1			61,600.00	61,506.95	Mar-25-03	10.800%	NC - 70.00%	Paid Off - 360	Nov-07-02
73554198 1			55,000.00	54,780.69	Apr-07-03	7.200%	NV - 37.67%	Paid Off - 360	Oct-29-02
73579278 1			300,000.00	299,235.81	Mar-12-03	6.850%	CA - 80.00%	Paid Off - 360	Nov-07-02
73554321 1			54,000.00	53,879.85	Apr-08-03	11.500%	MO - 72.00%	Paid Off - 360	Oct-29-02
73582710 1			136,000.00	135,823.71	Mar-05-03	10.150%	IL - 85.00%	Paid Off - 360	Nov-12-02
73558033 1			210,000.00	209,475.26	Apr-17-03	9.500%	IA - 75.00%	Paid Off - 360	Oct-30-02
73583999 1			132,000.00	131,625.89	Mar-21-03	6.300%	CA - 80.00%	Paid Off - 360	Nov-12-02
73560302 1			144,500.00	144,048.85	Apr-21-03	8.950%	CO - 85.00%	Paid Off - 360	Oct-30-02
73587446 1			193,600.00	193,170.55	Mar-25-03	7.550%	CA - 80.00%	Paid Off - 360	Nov-14-02
73561540 1			142,000.00	134,526.03	Apr-21-03	6.500%	CO - 61.74%	Paid Off - 180	Oct-30-02
73596124 1			268,000.00	267,343.60	Mar-03-03	7.050%	CA - 80.00%	Paid Off - 360	Nov-19-02
73572984 1			239,200.00	236,601.32	Apr-14-03	6.500%	CO - 80.00%	Paid Off - 360	Nov-04-02
73605958 1			228,000.00	227,362.96	Mar-26-03	7.850%	CA - 95.00%	Paid Off - 360	Nov-08-02
73578296 1			232,050.00	231,432.76	Apr-16-03	9.200%	CA - 85.00%	Paid Off - 360	Nov-07-02
73611436 1			80,000.00	79,879.75	Mar-28-03	9.450%	CA - 38.46%	Paid Off - 360	Nov-26-02
73582835 1			122,500.00	122,333.95	Apr-11-03	11.300%	NJ - 70.00%	Paid Off - 360	Nov-12-02
73620387 1			212,000.00	211,505.75	Mar-31-03	7.300%	TX - 80.00%	Paid Off - 360	Nov-27-02
73585762 1			153,000.00	152,518.24	Apr-14-03	7.250%	AZ - 85.00%	Paid Off - 360	Nov-13-02
73626855 1			328,000.00	327,556.35	Mar-26-03	9.950%	CA - 80.00%	Paid Off - 360	Dec-02-02
73585812 1			55,000.00	54,803.34	Apr-10-03	6.600%	CA - 21.15%	Paid Off - 360	Nov-13-02
73641086 1			97,600.00	97,491.84	Mar-24-03	8.950%	TX - 80.00%	Paid Off - 360	Dec-18-02
73593741 1			272,000.00	271,134.35	Apr-25-03	7.200%	CA - 80.00%	Paid Off - 360	Nov-18-02
73669871 1			261,800.00	261,356.68	Mar-12-03	6.850%	MO - 85.00%	Paid Off - 360	Dec-12-02
73596025 1			211,500.00	210,820.75	Apr-15-03	7.150%	WA - 90.00%	Paid Off - 360	Nov-19-02
73683013 1			273,750.00	273,244.01	Mar-18-03	6.400%	CO - 75.00%	Paid Off - 360	Dec-09-02
73603458 1			141,600.00	141,321.01	Apr-29-03	9.550%	IL - 70.10%	Paid Off - 360	Nov-22-02
74146309 1			120,000.00	119,797.78	Mar-11-03	6.875%	WA - 63.16%	Paid Off - 360	Dec-24-02
73603573 1			32,964.00	32,879.04	Apr-07-03	8.250%	TX - 80.00%	Paid Off - 360	Nov-22-02
74148610 1			80,000.00	79,924.25	Mar-11-03	9.700%	CA - 28.57%	Paid Off - 360	Dec-23-02
73606444 1			229,500.00	229,028.47	Apr-10-03	9.350%	CA - 90.00%	Paid Off - 360	Nov-25-02
74182593 1			112,000.00	111,920.62	Mar-04-03	11.050%	NJ - 80.00%	Paid Off - 360	Dec-19-02
73610016 1			128,400.00	128,007.51	Apr-16-03	7.400%	CA - 80.00%	Paid Off - 360	Nov-26-02
44738508 2			400,000.00	398,308.61	Mar-31-03	6.900%	CO - 72.74%	Paid Off - 360	Sep-30-02
73610917 1			204,000.00	203,664.31	Apr-02-03	10.400%	VA - 85.00%	Paid Off - 360	Nov-26-02
44762680 2			24,500.00	24,281.47	Mar-17-03	11.000%	CO - 90.00%	Paid Off - 180	Oct-15-02
73611154 1			265,000.00	264,573.20	Apr-24-03	10.500%	UT - 84.94%	Paid Off - 360	Nov-26-02
73540338 2			35,200.00	34,993.64	Mar-24-03	9.750%	WA - 100.00%	Paid Off - 240	Oct-21-02
73613812 1			233,500.00	232,986.20	Apr-21-03	9.950%	CA - 79.97%	Paid Off - 360	Nov-26-02
73549800 2			70,000.00	69,670.66	Mar-12-03	10.990%	CA - 100.00%	Paid Off - 240	Oct-25-02
73614943 1			132,000.00	131,825.01	Apr-02-03	11.400%	FL - 80.00%	Paid Off - 360	Nov-27-02
73561870 2			471,398.00	469,488.93	Mar-31-03	6.125%	AZ - 80.00%	Paid Off - 360	Oct-30-02
73615981 1			198,000.00	197,571.44	Apr-03-03	9.100%	CA - 90.00%	Paid Off - 360	Nov-27-02
73564387 2			54,000.00	53,507.14	Mar-26-03	10.750%	TX - 100.00%	Paid Off - 180	Oct-31-02
73616013 1			136,720.00	136,276.55	Apr-21-03	7.100%	CA - 80.00%	Paid Off - 360	Nov-27-02
73566325 2			400,000.00	398,583.51	Mar-11-03	6.650%	CO - 88.89%	Paid Off - 360	Oct-31-02
73617094 1			118,000.00	117,560.85	Apr-18-03	6.750%	OR - 69.82%	Paid Off - 360	Nov-27-02
73570780 2			16,200.00	16,052.13	Mar-12-03	10.750%	TX - 90.00%	Paid Off - 180	Oct-31-02
73627960 1			52,000.00	51,934.00	Apr-21-03	11.600%	AL - 59.09%	Paid Off - 360	Dec-03-02
73572448 2			336,000.00	334,611.42	Mar-06-03	6.375%	CO - 80.00%	Paid Off - 360	Nov-01-02
73628125 1			183,750.00	183,420.75	Apr-21-03	10.000%	IL - 75.00%	Paid Off - 360	Dec-03-02
73579286 2			75,000.00	74,728.91	Mar-12-03	10.750%	CA - 20.00%	Paid Off - 240	Nov-07-02
73630014 1			153,000.00	152,513.45	Apr-30-03	7.200%	CA - 85.48%	Paid Off - 360	Dec-04-02
73593840 2			63,500.00	63,270.47	Mar-04-03	10.750%	AZ - 100.00%	Paid Off - 240	Nov-18-02
73630659 1			120,000.00	119,814.86	Apr-03-03	10.700%	OH - 80.00%	Paid Off - 360	Dec-04-02
73596132 2			50,250.00	50,068.38	Mar-03-03	10.750%	CA - 15.00%	Paid Off - 240	Nov-19-02
73631442 1			273,600.00	272,714.33	Apr-17-03	7.550%	WA - 95.00%	Paid Off - 360	Dec-04-02
73603136 2			328,172.00	327,087.41	Mar-07-03	5.490%	CA - 80.00%	Paid Off - 360	Nov-22-02
73632325 1			222,300.00	221,484.28	Apr-17-03	7.150%	CA - 90.00%	Paid Off - 360	Dec-05-02
73603144 2			82,043.00	81,746.48	Mar-07-03	10.750%	CA - 20.00%	Paid Off - 240	Nov-22-02
73637993 1			276,300.00	275,636.48	Apr-10-03	7.150%	IL - 90.00%	Paid Off - 360	Dec-11-02
73608507 2			516,000.00	514,900.36	Mar-13-03	7.750%	CA - 80.00%	Paid Off - 360	Nov-25-02
73638652 1			292,500.00	291,585.68	Apr-01-03	7.300%	CA - 90.00%	Paid Off - 360	Dec-06-02
					Page 23 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for April 25, 2003 Distribution
	Prepayment Detail Report for May 27, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
73608515 2			64,500.00	64,266.87	Mar-13-03	10.750%	CA - 90.00%	Paid Off - 240	Nov-25-02
73640724 1			123,000.00	122,758.90	Apr-28-03	10.750%	IA - 75.46%	Paid Off - 360	Dec-11-02
73621674 2			76,161.00	75,592.34	Mar-21-03	9.750%	CA - 94.85%	Paid Off - 180	Nov-27-02
73641979 1			117,800.00	117,565.21	Apr-02-03	8.450%	CA - 95.00%	Paid Off - 360	Dec-16-02
73635393 2			348,000.00	347,113.53	Mar-17-03	6.850%	CA - 80.00%	Paid Off - 360	Dec-06-02
73642670 1			80,000.00	79,859.04	Apr-28-03	8.700%	MO - 80.00%	Paid Off - 360	Dec-10-02
73651226 2			65,000.00	64,844.09	Mar-12-03	10.750%	CA - 20.00%	Paid Off - 240	Dec-19-02
73661126 1			68,800.00	68,642.36	Apr-28-03	7.700%	TX - 80.00%	Paid Off - 360	Dec-10-02
73676454 2			492,000.00	491,158.66	Mar-03-03	6.800%	CA - 80.00%	Paid Off - 360	Dec-12-02
73662181 1			88,000.00	87,859.16	Apr-07-03	9.150%	IN - 80.00%	Paid Off - 360	Dec-09-02
74046566 2			73,000.00	72,736.17	Mar-26-03	10.750%	CA - 100.00%	Paid Off - 240	Dec-10-02
73666752 1			314,500.00	313,667.02	Apr-07-03	6.650%	CA - 85.00%	Paid Off - 360	Dec-11-02
74145145 2			540,890.00	540,108.46	Mar-31-03	7.650%	CO - 80.00%	Paid Off - 360	Dec-17-02
73677221 1			142,400.00	142,102.57	Apr-21-03	7.850%	CA - 80.00%	Paid Off - 360	Dec-17-02
74145152 2			100,000.00	99,796.55	Mar-31-03	11.990%	CO - 94.79%	Paid Off - 240	Dec-17-02
73685760 1			163,500.00	163,105.41	Apr-30-03	7.125%	CO - 79.76%	Paid Off - 360	Dec-16-02
74221474 2			62,250.00	62,175.67	Mar-05-03	10.750%	TX - 95.00%	Paid Off - 240	Jan-13-03
74059106 1			131,250.00	130,915.15	Apr-10-03	8.300%	CA - 75.00%	Paid Off - 360	Dec-12-02
74225384 2			39,000.00	38,959.22	Mar-03-03	11.750%	WA - 100.00%	Paid Off - 240	Jan-22-03
74065160 1			121,500.00	121,246.20	Apr-07-03	7.850%	CA - 95.00%	Paid Off - 360	Dec-17-02
74065384 1			161,000.00	160,791.31	Apr-07-03	10.150%	CO - 70.00%	Paid Off - 360	Dec-16-02
74146770 1			253,000.00	252,536.90	Apr-24-03	8.500%	CA - 77.13%	Paid Off - 360	Dec-26-02
74152646 1			120,000.00	119,675.94	Apr-10-03	6.550%	CA - 46.15%	Paid Off - 360	Dec-13-02
74167610 1			112,000.00	111,709.08	Apr-21-03	6.750%	CA - 80.00%	Paid Off - 360	Dec-24-02
44740199 2			39,750.00	39,433.86	Apr-03-03	11.750%	CA - 4.96%	Paid Off - 240	Sep-30-02
44760528 2			44,200.00	43,864.22	Apr-02-03	9.750%	CA - 100.00%	Paid Off - 240	Oct-09-02
73540635 2			472,800.00	470,247.79	Apr-14-03	5.750%	WA - 80.00%	Paid Off - 360	Oct-21-02
73540643 2			88,650.00	87,976.68	Apr-14-03	9.750%	WA - 95.00%	Paid Off - 240	Oct-21-02
73544744 2			71,000.00	70,568.44	Apr-30-03	10.750%	CA - 100.00%	Paid Off - 240	Oct-23-02
73548539 2			61,200.00	60,482.51	Apr-01-03	10.500%	CO - 20.00%	Paid Off - 180	Oct-25-02
73555021 2			70,836.00	70,375.19	Apr-18-03	10.750%	CA - 99.98%	Paid Off - 240	Oct-29-02
73558736 2			25,857.00	25,481.73	Apr-16-03	10.500%	CO - 100.00%	Paid Off - 180	Oct-30-02
73559601 2			68,925.00	68,506.07	Apr-28-03	10.750%	AZ - 95.00%	Paid Off - 240	Oct-30-02
73564338 2			350,000.00	348,322.10	Apr-30-03	6.250%	CA - 63.64%	Paid Off - 360	Oct-31-02
73564718 2			650,000.00	646,760.74	Apr-25-03	6.125%	CA - 74.29%	Paid Off - 360	Oct-31-02
73567265 2			594,150.00	591,538.08	Apr-03-03	6.700%	CA - 85.00%	Paid Off - 360	Oct-31-02
73570582 2			61,060.00	60,360.25	Apr-01-03	10.750%	MD - 100.00%	Paid Off - 180	Oct-31-02
73577355 2			344,000.00	342,267.25	Apr-14-03	5.990%	CA - 80.00%	Paid Off - 360	Nov-06-02
73583411 2			396,000.00	394,926.49	Apr-28-03	8.000%	MN - 75.00%	Paid Off - 360	Nov-12-02
73593584 2			645,000.00	642,633.76	Apr-09-03	7.500%	CA - 75.00%	Paid Off - 360	Nov-18-02
73595084 2			365,700.00	364,429.86	Apr-23-03	6.750%	CA - 89.99%	Paid Off - 360	Nov-18-02
73602468 2			84,000.00	82,698.74	Apr-30-03	9.500%	AL - 100.00%	Paid Off - 180	Nov-21-02
73602807 2			476,000.00	474,980.45	Apr-18-03	9.150%	MN - 85.00%	Paid Off - 360	Nov-21-02
73603276 2			35,000.00	33,754.95	Apr-11-03	10.750%	CA - 94.04%	Paid Off - 240	Nov-22-02
73607947 2			368,000.00	366,684.12	Apr-25-03	6.600%	CA - 80.00%	Paid Off - 360	Nov-25-02
73607954 2			92,000.00	91,554.65	Apr-25-03	10.750%	CA - 100.00%	Paid Off - 240	Nov-25-02
73610024 2			32,100.00	31,910.89	Apr-16-03	9.750%	CA - 100.00%	Paid Off - 240	Nov-26-02
73612665 2			364,000.00	362,879.80	Apr-04-03	7.550%	CA - 80.00%	Paid Off - 360	Nov-26-02
73612681 2			91,000.00	90,557.15	Apr-04-03	11.250%	CA - 100.00%	Paid Off - 240	Nov-26-02
73616021 2			34,180.00	33,991.72	Apr-21-03	9.750%	CA - 100.00%	Paid Off - 240	Nov-27-02
73617243 2			372,000.00	370,349.41	Apr-28-03	6.700%	CA - 80.00%	Paid Off - 360	Nov-27-02
73631608 2			520,000.00	518,438.68	Apr-18-03	7.490%	CA - 80.00%	Paid Off - 360	Dec-04-02
73633265 2			54,000.00	53,828.96	Apr-10-03	11.750%	CA - 100.00%	Paid Off - 240	Dec-05-02
73644627 2			346,455.00	345,701.72	Apr-14-03	7.650%	WA - 90.00%	Paid Off - 360	Dec-13-02
73647919 2			400,000.00	399,147.56	Apr-02-03	7.750%	CA - 69.93%	Paid Off - 360	Dec-13-02
73649832 2			39,750.00	39,586.47	Apr-09-03	9.750%	CA - 15.00%	Paid Off - 240	Dec-19-02
73655334 2			24,000.00	23,915.93	Apr-07-03	10.990%	CA - 100.00%	Paid Off - 240	Dec-31-02
74061508 2			56,000.00	55,429.12	Apr-29-03	10.750%	NY - 100.00%	Paid Off - 180	Dec-13-02
74167941 2			28,000.00	27,898.78	Apr-21-03	10.750%	CA - 100.00%	Paid Off - 240	Dec-24-02
74182627 2			60,750.00	60,537.23	Apr-07-03	10.990%	CA - 95.00%	Paid Off - 240	Dec-31-02
					Page 24 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates
	Realized Loss Report for April 25, 2003 Distribution
	Realized Loss Report for May 27, 2003 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES						GROUP II	GROUP I	TOTAL
	Current
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-	-	-
	Net Liquidation Proceeds					-	-	-
	Cumulative
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-	-	-
	Net Liquidation Proceeds					-	-	-
	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.
	Cumulative Loss Percentage							0.000000%
	Current Loan Level losses in Current Period							0.00
	Current Recoveries or Losses from Prior Periods							0.00
	Current Total Losses							0.00
	Group I						3 Months Moving Average
	Group II
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 25 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates
	Realized Loss Report for April 25, 2003 Distribution
	Realized Loss Report for May 27, 2003 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS						GROUP II	GROUP I	TOTAL
	MDR					0.00%	0.00%	0.00%
	3 Months Avg MDR					0.00%	0.00%	0.00%
	12 Months Avg MDR
	Avg MDR Since Cut-off					0.00%	0.00%	0.00%
	CDR					0.00%	0.00%	0.00%
	3 Months Avg CDR					0.00%	0.00%	0.00%
	12 Months Avg CDR
	Avg CDR Since Cut-off					0.00%	0.00%	0.00%
	SDA					0.00%	0.00%	0.00%
	3 Months Avg SDA Approximation					0.00%	0.00%	0.00%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation					0.00%	0.00%	0.00%
	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off
	Group I
	Group II
CDR by Groups					Total CDR
SDA by Groups					Total SDA
				Page 26 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates
	Realized Loss Report for April 25, 2003 Distribution
	Realized Loss Report for May 27, 2003 Distribution
	Realized Loss Report - Collateral
	Group I
	Group II
CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off
SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) .......(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
Dates correspond to distribution dates.
				Page 27 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates
	Realized Loss Detail Report for April 25, 2003 Distribution
	Realized Loss Detail Report for May 27, 2003 Distribution
	Realized Loss Detail Report - Loans Liquidated During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 0						Loan Group 1 = Group I Group
Total Original Principal Balance = 0.00						Loan Group 2 = Group II Group
Total Prior Principal Balance = 0.00
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.
Loan Number			Original	Prior		Current	State &
&		Loan	Principal	Principal	Realized	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Balance	Loss/(Gain)	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
					Page 28 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates
	Triggers, Adj. Rate Cert. and Miscellaneous Report for April 25, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for May 27, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS						GROUP II	GROUP I	TOTAL
	Trigger Event in effect							No
	Stepdown Date has occurred							No
	Balances 60+ days							~~411~~5,~~635~~045,096.1856
	Beginning Pool Balance							1,~~991~~979,~~305~~389,~~949~~855.4538
	Delinquency Percentage							0.0225%
	Cumulative Loss Percentage							0.000000%
	Credit Enhancement Percentage							13.~~056758~~135361%
ADJUSTABLE RATE CERTIFICATE INFORMATION						GROUP II	GROUP I	TOTAL
	NET WAC CARRYOVER AMOUNTS
	Class A-1							0.00
	Class A-2							0.00
	Class I-A next Pass-through-Rate							1.460000%
	Class II-A next Pass-through-Rate							1.720000%
ADDITIONAL INFORMATION						GROUP II	GROUP I	TOTAL
	Libor for Current Period							1.~~305000~~320000%
	Libor Date for Current Period							~~Mar~~Apr-2123-2003
	Libor for Next Period							1.320000%
	Libor Date for Next Period							~~Apr~~May-2322-2003
	Reserve Fund Balance							1,000.00
	Guarantor Deficiency Amount							0.00
	Guarantor Reimbursement Amount							0.00
	Payments Received from the Guarantor							0.00
	Master Servicer Prepayment Charges							0.00
				Page 29 of 29				© COPYRIGHT 2003 Deutsche Bank

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