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): ~~May~~June 2725, 2003 MORGAN STANLEY DEAN WITTER CAPITAL I INC. (as Depositor, The Provident Bank as Servicer, NC Capital Corporation, as Responsible Party and Deutsche Bank National Trust Company, as Trustee). MORGAN STANLEY DEAN WITTER CAP I MRT PS THR CERT SER 2003 NC3 (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-83986-18 13-3291626 (Commission File Number) (I.R.S. Employer Identification No.) 1585 BROADWAY, 2ND FLOOR NEW YORK, NEW YORK 10036 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (212) 761-4700 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 ~~May~~June 2725, 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 March 1,2003. Date: ~~Jun~~Jul 0403, 2003 By: /s/ David Co David Co Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of ~~May~~June 2725, 2003.

	Morgan Stanley Dean Witter Capital I Inc. Trust 2003-NC3
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC3
	Mortgage Pass-Through Certificates
	May 27, 2003 Distribution
	June 25, 2003 Distribution
	Contents
			TABLE OF CONTENTS
								Page
			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				4
			4.	Credit Enhancement Report				7
			5.	Collateral Report				8
			6.	Delinquency Report				11
			7.	REO Report				15
			8.	Foreclosure Report				16
			9.	Prepayment Report				17
			10.	Prepayment Detail Report				20
			11.	Realized Loss Report				21
			12.	Realized Loss Detail Report				24
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				25
				Total Number of Pages				25
			CONTACTS
				Administrator: Jeremy Conyers
				Direct Phone Number: (714)247-6274
				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:		Morgan Stanley Dean Witter					Cut-Off Date: March 1, 2003
	Certificate Insurer(s):							Closing Date: March 26, 2003
								First Payment Date: April 25, 2003
	Servicer(s):		Provident Bank Master Servicer
								Distribution Date: May 27, 2003
								Distribution Date: June 25, 2003
	Underwriter(s):		Morgan Stanley Dean Witter					Record Date: ~~May~~June 2324, 2003
								April 30, 2003
								May 30, 2003
						Page 1 of 25					© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. Trust 2003-NC3
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC3
	Mortgage Pass-Through Certificates
	REMIC II Series 2003-NC3
	Certificate Payment Report for May 27, 2003 Distribution
	Certificate Payment Report for June 25, 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	324,039,000.00			~~321~~318,~~960~~157,~~611~~327.5466	~~526~~471,~~584~~579.4786	32,~~803~~947,~~283~~488.8862	43,~~329~~419,~~868~~068.3548	-	-	~~318~~315,~~157~~209,~~327~~839.6604
A-2	FLT	190,239,000.00			~~189~~187,~~593~~422,~~078~~800.5893	~~286~~256,~~496~~665.2111	21,~~170~~006,~~277~~267.6583	21,~~456~~262,~~773~~932.8694	-	-	~~187~~186,~~422~~416,~~800~~533.9310
A-3	FLT	50,000,000.00			49,~~582~~198,~~274~~191.7616	7568,~~805~~166.7983	~~384~~837,~~083~~064.6096	~~459~~905,~~889~~231.3979	-	-	4948,~~198~~361,~~191~~126.1620
M-1	MEZ, FLT	42,843,000.00			42,843,000.00	8476,~~543~~617.5257	-	8476,~~543~~617.5257	-	-	42,843,000.00
M-2	MEZ, FLT	36,573,000.00			36,573,000.00	~~107~~97,~~280~~223.8023	-	~~107~~97,~~280~~223.8023	-	-	36,573,000.00
M-3	MEZ, FLT	12,191,000.00			12,191,000.00	3835,~~686~~059.1128	-	3835,~~686~~059.1128	-	-	12,191,000.00
B-1	SUB, FLT	8,708,000.00			8,708,000.00	3330,~~438~~303.7284	-	3330,~~438~~303.7284	-	-	8,708,000.00
B-2	SUB, FLT	10,450,000.00			10,450,000.00	4742,~~094~~679.6754	-	4742,~~094~~679.6754	-	-	10,450,000.00
B-3	SUB, FLT	6,967,000.00			6,967,000.00	3128,~~397~~454.9539	-	3128,~~397~~454.9539	-	-	6,967,000.00
X	EXE	14,629,551.00			14,629,430.48	3,~~006~~091,~~546~~246.9514	-	3,~~006~~091,~~546~~246.9514	-	-	14,629,430.48
P	SUB	-			-	85110,~~473~~769.3667	-	85110,~~473~~769.3667	-	-	-
UT-R	R	-			-	-	-	-	-	-	-
Total		696,639,551.00			~~693~~687,~~497~~139,~~395~~750.3623	4,~~323~~308,~~348~~765.5546	64,~~357~~790,~~645~~821.1341	109,~~680~~099,~~993~~586.6887	-	-	~~687~~682,~~139~~348,~~750~~928.2382
	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	0405/2527/03	0506/2624/03		A-Act/360	61745MPT4	324,039,000.00	~~993~~981.~~585993~~848875	1.~~625065~~455318	119.~~737118~~096092	1310.~~362183~~551410	~~981~~972.~~848875~~752783
A-2	0405/2527/03	0506/2624/03		A-Act/360	61745MPL1	190,239,000.00	~~996~~985.~~604685~~196521	1.~~505980~~349172	115.~~408164~~289493	126.~~914144~~638665	~~985~~979.~~196521~~907028
A-3	0405/2527/03	0506/2624/03		A-Act/360	61745MPV9	50,000,000.00	~~991~~983.~~645495~~963823	1.~~516116~~363337	716.~~681672~~741299	918.~~197788~~104636	~~983~~967.~~963823~~222524
M-1	0405/2527/03	0506/2624/03		A-Act/360	61745MPM9	42,843,000.00	1,000.000000	1.~~973333~~788333	-	1.~~973333~~788333	1,000.000000
M-2	0405/2527/03	0506/2624/03		A-Act/360	61745MPN7	36,573,000.00	1,000.000000	2.~~933333~~658333	-	2.~~933333~~658333	1,000.000000
M-3	0405/2527/03	0506/2624/03		A-Act/360	61745MPP2	12,191,000.00	1,000.000000	32.~~173334~~875833	-	32.~~173334~~875833	1,000.000000
B-1	0405/2527/03	0506/2624/03		A-Act/360	61745MPQ0	8,708,000.00	1,000.000000	3.~~840000~~480000	-	3.~~840000~~480000	1,000.000000
B-2	0405/2527/03	0506/2624/03		A-Act/360	61745MPR8	10,450,000.00	1,000.000000	4.~~506667~~084167	-	4.~~506667~~084167	1,000.000000
B-3	0405/2527/03	0506/2624/03		A-Act/360	61745MPS6	6,967,000.00	1,000.000000	4.~~506667~~084167	-	4.~~506667~~084167	1,000.000000
X	0405/2527/03	0506/2624/03		A-Act/360		14,629,551.00	999.991762	~~205~~211.~~511909~~301505	-	~~205~~211.~~511909~~301505	999.991762
P				-		-	-	-	-	-	-
UT-R				-		-	-	-	-	-	-
							Page 2 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. Trust 2003-NC3
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC3
	Mortgage Pass-Through Certificates
	REMIC II Series 2003-NC3
	Certificate Payment Report for May 27, 2003 Distribution
	Certificate Payment Report for June 25, 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	324,039,000.00		1,~~019~~491,~~901~~481.4430		57,~~231~~861,~~932~~795.0642	~~649~~967,~~740~~365.2854	58,~~881~~829,~~672~~160.3496	610,~~901~~320,~~573~~642.7826	-	-	~~318~~315,~~157~~209,~~327~~839.6604
A-2	190,239,000.00		~~553~~810,~~921~~586.5162		23,~~534~~431,~~068~~899.0109	~~282~~390,~~131~~567.0782	23,~~816~~822,~~199~~466.0790	34,~~370~~633,~~120~~053.5852	-	-	~~187~~186,~~422~~416,~~800~~533.9310
A-3	50,000,000.00		~~146~~215,~~925~~092.7962		~~702~~1,~~085~~448,947.5124	99189,~~723~~926.3355	~~801~~1,~~808~~638,873.8480	~~948~~1,~~734~~853,966.6342	-	-	4948,~~198~~361,~~191~~126.1620
M-1	42,843,000.00		~~163~~239,~~334~~952.6522		0.00	-	-	~~163~~239,~~334~~952.6522	-	-	42,843,000.00
M-2	36,573,000.00		~~207~~304,~~456~~679.6992		-	-	-	~~207~~304,~~456~~679.6992	-	-	36,573,000.00
M-3	12,191,000.00		74109,~~821~~880.0533		-	-	-	74109,~~821~~880.0533	-	-	12,191,000.00
B-1	8,708,000.00		6494,~~692~~996.3115		-	-	-	6494,~~692~~996.3115	-	-	8,708,000.00
B-2	10,450,000.00		91133,~~131~~811.6721		-	-	-	91133,~~131~~811.6721	-	-	10,450,000.00
B-3	6,967,000.00		6089,~~757~~211.3574		-	-	-	6089,~~757~~211.3574	-	-	6,967,000.00
X	14,629,551.00		69,~~112~~203,~~324~~570.4155		100.74	19.78	120.52	69,~~112~~203,~~444~~691.9307	-	-	14,629,430.48
P	-		~~132~~243,~~923~~693.9360		-	-	-	~~132~~243,~~923~~693.9360	-	-	-
UT-R	-		-		-	-	-	-	-	-	-
Total	696,639,551.00		812,~~628~~936,~~190~~956.8026		812,~~468~~742,~~186~~742.3249	1,~~031~~547,~~614~~879.4569	914,~~499~~290,~~800~~622.7718	1827,~~127~~227,~~991~~578.5744	-	-	~~687~~682,~~139~~348,~~750~~928.2382
	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	1.84000%	~~321~~318,~~960~~157,~~611~~327.5466			~~526~~471,~~584~~579.4786	-	-	-	~~526~~471,~~584~~579.4786	~~526~~471,~~584~~579.4786	-
A-2	1.70000%	~~189~~187,~~593~~422,~~078~~800.5893			~~286~~256,~~496~~665.2111	-	-	-	~~286~~256,~~496~~665.2111	~~286~~256,~~496~~665.2111	-
A-3	1.72000%	49,~~582~~198,~~274~~191.7616			7568,~~805~~166.7983	-	-	-	7568,~~805~~166.7983	7568,~~805~~166.7983	-
M-1	2.22000%	42,843,000.00			8476,~~543~~617.5257	-	-	-	8476,~~543~~617.5257	8476,~~543~~617.5257	-
M-2	3.30000%	36,573,000.00			~~107~~97,~~280~~223.8023	-	-	-	~~107~~97,~~280~~223.8023	~~107~~97,~~280~~223.8023	-
M-3	3.57000%	12,191,000.00			3835,~~686~~059.1128	-	-	-	3835,~~686~~059.1128	3835,~~686~~059.1128	-
B-1	4.32000%	8,708,000.00			3330,~~438~~303.7284	-	-	-	3330,~~438~~303.7284	3330,~~438~~303.7284	-
B-2	5.07000%	10,450,000.00			4742,~~094~~679.6754	-	-	-	4742,~~094~~679.6754	4742,~~094~~679.6754	-
B-3	5.07000%	6,967,000.00			3128,~~397~~454.9539	-	-	-	3128,~~397~~454.9539	3128,~~397~~454.9539	-
X	5.~~20241~~39846%	14,629,430.48			3,~~006~~091,~~546~~246.9514	-	-	-	3,~~006~~091,~~546~~246.9514	3,~~006~~091,~~546~~246.9514	-
P		-			85110,~~473~~769.3667	-	-	-	85110,~~473~~769.3667	85110,~~473~~769.3667	-
UT-R		-			-	-	-	-	-	-	-
Total		~~693~~687,~~497~~139,~~395~~750.3623			4,~~323~~308,~~348~~765.5546	-	-	-	4,~~323~~308,~~348~~765.5546	4,~~323~~308,~~348~~765.5546	-
							Page 3 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. Trust 2003-NC3
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC3
	Mortgage Pass-Through Certificates
	Collection Account Report for May 27, 2003 Distribution
	Collection Account Report for June 25, 2003 Distribution
	Collection Account Report
SUMMARY					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Principal Collections				~~384~~837,~~083~~064.6096	21,~~170~~006,~~277~~267.6583	32,~~803~~947,~~283~~488.8862	64,~~357~~790,~~645~~821.1341
	Principal Other Accounts				0.00	0.00	0.00	0.00
	TOTAL NET PRINCIPAL				~~384~~837,~~083~~064.6096	21,~~170~~006,~~277~~267.6583	32,~~803~~947,~~283~~488.8862	64,~~357~~790,~~645~~821.1341
	Interest Collections				~~420~~415,~~205~~873.8502	1,~~436~~416,~~544~~770.6492	2,~~433~~397,~~824~~839.4936	4,~~290~~230,~~574~~483.9830
	Interest Withdrawals				0.00	0.00	0.00	0.00
	Interest Other Accounts				0.00	0.00	0.00	0.00
	Interest Fees				(43,~~883~~412.1644)	(1710,~~159~~096.2254)	(3018,~~657~~978.4151)	(5232,~~699~~487.7949)
	TOTAL NET INTEREST				~~415~~412,~~322~~460.6958	1,~~419~~406,~~385~~674.4238	2,~~403~~378,~~167~~860.0885	4,~~237~~197,~~875~~995.1981
	TOTAL PRINCIPAL & INTEREST DISTRIBUTABLE				~~799~~1,~~406~~249,525.2954	32,~~589~~412,~~663~~942.0721	65,~~206~~326,~~450~~349.9647	108,~~595~~988,~~520~~817.3222
	Prepayment Penalties Collected							85110,~~473~~769.3667
	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION							109,~~680~~099,~~993~~586.6889
PRINCIPAL - COLLECTIONS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Scheduled Principal Received				57,~~573~~464.4701	163,~~366~~942.9017	~~295~~294,~~013~~859.5706	~~515~~516,~~953~~265.9424
	Prepayments In Full				~~319~~772,~~382~~697.3882	1807,~~995,276~~287.7191	32,~~480~~628,~~391~~761.3493	54,~~795~~208,~~050~~747.4366
	Curtailments				76,~~127~~903.7513	1135,~~634~~037.0475	2723,~~878~~867.9763	4665,~~640~~808.7651
	Liquidations				0.00	0.00	0.00	0.00
	Insurance Principal				0.00	0.00	0.00	0.00
	Repurchased Principal Amounts				0.00	0.00	0.00	0.00
	Other Principal				0.00	0.00	0.00	0.00
	Total Realized Loss Of Principal				0.00	0.00	0.00	0.00
	Delinquent Principal				(4650,~~843~~755.6391)	(~~137~~148,~~390~~738.9275)	(~~243~~262,~~620~~677.7480)	(~~427~~462,~~855~~172.2946)
	Advanced Principal				4650,~~843~~755.6391	~~137~~148,~~390~~738.9275	~~243~~262,~~620~~677.7480	~~427~~462,~~855~~172.2946
	TOTAL PRINCIPAL COLLECTED				~~384~~837,~~083~~064.6096	21,~~170~~006,~~277~~267.6583	32,~~803~~947,~~283~~488.8862	64,~~357~~790,~~645~~821.1341
				Page 4 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. Trust 2003-NC3
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC3
	Mortgage Pass-Through Certificates
	Collection Account Report for May 27, 2003 Distribution
	Collection Account Report for June 25, 2003 Distribution
	Collection Account Report
PRINCIPAL - WITHDRAWALS					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
INTEREST - COLLECTIONS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Scheduled Interest				~~441~~438,~~200~~176.3917	1,~~518~~504,~~244~~617.9282	2,~~571~~545,~~143~~232.5704	4,~~530~~488,~~588~~026.8803
	Liquidation Interest				0.00	0.00	0.00	0.00
	Repurchased Interest				0.00	0.00	0.00	0.00
	Insurance Interest				0.00	0.00	0.00	0.00
	Other Interest				0.00	0.00	0.00	0.00
	Relief Act Interest Shortfalls				0.00	0.00	0.00	0.00
	Net Prepayment Interest Shortfalls				0.00	0.00	0.00	0.00
	Delinquent Interest				(~~362~~383,~~091~~150.3315)	(1,~~272~~363,~~154~~754.7330)	(2,~~138~~292,~~970~~704.1858)	(34,~~773~~039,~~216~~609.2403)
	Interest Advanced				~~341~~360,~~096~~847.7900	1,~~190~~275,~~454~~907.4540	2,~~001~~145,~~651~~311.1090	3,~~533~~782,~~202~~066.3430
	TOTAL INTEREST COLLECTED				~~420~~415,~~205~~873.8502	1,~~436~~416,~~544~~770.6492	2,~~433~~397,~~824~~839.4936	4,~~290~~230,~~574~~483.9830
				Page 5 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. Trust 2003-NC3
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC3
	Mortgage Pass-Through Certificates
	Collection Account Report for May 27, 2003 Distribution
	Collection Account Report for June 25, 2003 Distribution
	Collection Account Report
INTEREST - WITHDRAWALS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Trust Fund Expenses							0.00
	Nonrecoverable Advances							0.00
	Reimbursements to Master Servicer							0.00
	TOTAL INTEREST WITHDRAWALS							0.00
INTEREST - OTHER ACCOUNTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	TOTAL INTEREST OTHER ACCOUNTS				0.00	0.00	0.00	0.00
INTEREST - FEES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees				43,~~551~~082.0743	158,~~890~~839.5462	2816,~~501~~843.7444	4828,~~943~~765.3549
	Trustee Fees				~~332~~330.0901	1,~~268~~256.6892	2,~~155~~135.6707	3,~~756~~722.4400
	TOTAL INTEREST OTHER FEES				43,~~883~~412.1644	1710,~~159~~096.2254	3018,~~657~~978.4151	5232,~~699~~487.7949
				Page 6 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. Trust 2003-NC3
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC3
	Mortgage Pass-Through Certificates
	Credit Enhancement Report for May 27, 2003 Distribution
	Credit Enhancement Report for June 25, 2003 Distribution
	Credit Enhancement Report
ACCOUNTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Excess Reserve Fund Balance (Ending)							0.00
INSURANCE					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Beginning Subordinated Amount							14,629,430.57
	Ending Subordinated Amount							14,629,430.57
	Specified Subordinated Amount							14,629,430.57
	Senior Enhancement Percentage							19.2640%
				Page 7 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. Trust 2003-NC3
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC3
	Mortgage Pass-Through Certificates
	Collateral Report for May 27, 2003 Distribution
	Collateral Report for June 25, 2003 Distribution
	Collateral Report
COLLATERAL					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Loan Count:
	Original				611	1145	2639	4395
	Prior				~~610~~607	1,~~142~~136	2,~~626~~606	4,~~378~~349
	Prefunding				-	-	-	-
	Scheduled Paid Offs				-	-	-	-
	Full Voluntary Prepayments				(3)	(64)	(2017)	(2924)
	Repurchases				-	-	-	-
	Liquidations				-	-	-	-
	Current				~~607~~604	1,~~136~~132	2,~~606~~589	4,~~349~~325
	Principal Balance:
	Original				61,727,204.12	234,863,899.31	400,048,447.66	696,639,551.09
	Prior				6160,~~309~~925,~~462~~379.8626	~~234~~232,~~217~~047,~~953~~675.1146	~~397~~394,~~969~~166,~~979~~695.4860	~~693~~687,~~497~~139,~~395~~750.4532
	Prefunding				-	-	-	-
	Scheduled Principal				(57,~~573~~464.4701)	(163,~~366~~942.9017)	(~~295~~294,~~013~~859.5706)	(~~515~~516,~~953~~265.9424)
	Partial and Full Voluntary Prepayments				(~~326~~779,~~510~~600.1395)	(2842,~~006,910~~325.7566)	(32,~~508~~652,~~270~~629.3156)	(54,~~841~~274,~~691~~556.1917)
	Repurchases				-	-	-	-
	Liquidations				-	-	-	-
	Current				60,~~925~~088,~~379~~314.2630	~~232~~231,~~047~~041,~~675~~407.4663	~~394~~391,~~166~~219,~~695~~206.6098	~~687~~682,~~139~~348,~~750~~928.3291
PREFUNDING					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
	Group 1		Group 3
	Group 2
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
				Page 8 of 25				© COPYRIGHT 2003 Deutsche Bank
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	Collateral Report for May 27, 2003 Distribution
	Collateral Report for June 25, 2003 Distribution
	Collateral Report
CHARACTERISTICS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Weighted Average Coupon Original				8.638131%	7.778625%	7.753041%	7.840092%
	Weighted Average Coupon Prior				8.~~638131~~635542%	7.~~778625~~778626%	7.~~753041~~752776%	7.~~840092~~839549%
	Weighted Average Coupon Current				8.~~635542~~630417%	7.~~778626~~780907%	7.~~752776~~748697%	7.~~839549~~837752%
	Weighted Average Months to Maturity Original				315	346	354	348
	Weighted Average Months to Maturity Prior				~~315~~314	~~346~~345	~~354~~353	~~348~~347
	Weighted Average Months to Maturity Current				~~314~~313	~~345~~344	~~353~~352	~~347~~346
	Weighted Avg Remaining Amortization Term Original				315	346	354	348
	Weighted Avg Remaining Amortization Term Prior				~~315~~314	~~346~~345	~~354~~353	~~348~~347
	Weighted Avg Remaining Amortization Term Current				~~314~~312	~~345~~344	~~353~~352	~~347~~345
	Weighted Average Seasoning Original				3.22	3.24	3.12	3.17
	Weighted Average Seasoning Prior				34.22	34.24	34.12	34.17
	Weighted Average Seasoning Current				45.22	45.24	45.12	45.17
Note: Original information refers to deal issue.
	Group 1		Group 3
	Group 2
WAC by Groups					Total WAC
WARAT by Groups					Total WARAT
Note: Dates correspond to distribution dates.
				Page 9 of 25				© COPYRIGHT 2003 Deutsche Bank
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	Collateral Report
ARM CHARACTERISTICS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Weighted Average Margin Original				2.696%	3.454%	5.601%
	Weighted Average Margin Prior				2.~~696~~678%	3.~~454~~451%	5.~~601~~599%
	Weighted Average Margin Current				2.~~678~~685%	3.~~451~~453%	5.~~599~~596%
	Weighted Average Max Rate Original				6.221%	8.134%	12.656%
	Weighted Average Max Rate Prior				6.~~221~~171%	8.~~134~~129%	12.~~656~~649%
	Weighted Average Max Rate Current				6.~~171~~186%	8.~~129~~126%	12.~~649~~643%
	Weighted Average Min Rate Original				3.261%	4.227%	6.711%
	Weighted Average Min Rate Prior				3.~~261~~231%	4.~~227~~225%	6.~~711~~708%
	Weighted Average Min Rate Current				3.~~231~~237%	4.225%	6.~~708~~703%
	Weighted Average Cap Up Original				0.689%	0.971%	1.294%
	Weighted Average Cap Up Prior				0.~~689~~685%	0.971%	1.294%
	Weighted Average Cap Up Current				0.~~685~~687%	0.~~971~~968%	1.294%
	Weighted Average Cap Down Original				0.689%	0.971%	1.294%
	Weighted Average Cap Down Prior				0.~~689~~685%	0.971%	1.294%
	Weighted Average Cap Down Current				0.~~685~~687%	0.~~971~~968%	1.294%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees				43,~~551~~082.0743	158,~~890~~839.5462	2816,~~501~~843.7444	4828,~~943~~765.3549
	Delinquent Servicing Fees				2022,~~994~~303.5415	8187,~~700~~846.2791	~~137~~147,~~319~~392.0868	~~240~~257,~~013~~542.8974
	TOTAL SERVICING FEES				25,~~545~~385.6158	9796,~~590~~686.8153	~~165~~164,~~820~~236.8212	~~288~~286,~~957~~308.2423
	Prepayment Interest Shortfall				13,~~396~~662.4005	~~6,302~~988.5373	105,~~985~~411.7160	1810,~~684~~062.6438
	Compensating Interest				(13,~~396~~662.4005)	(~~6,302~~988.5373)	(105,~~985~~411.7160)	(1810,~~684~~062.6438)
	Delinquent Servicing Fees				(2022,~~994~~303.5415)	(8187,~~700~~846.2791)	(~~137~~147,~~319~~392.0868)	(~~240~~257,~~013~~542.8974)
	COLLECTED SERVICING FEES				43,~~551~~082.0743	158,~~890~~839.5462	2816,~~501~~843.7444	4828,~~943~~765.3549
	Aggregate Advances with respect to this Distribution				~~387~~411,~~940~~602.4291	1,~~327~~424,~~845~~646.3715	2,~~245~~407,~~271~~989.8470	34,~~961~~244,~~057~~238.6376
	Current Nonrecoverable Advances				0.00	0.00	0.00	0.00
	Cumulative Nonrecoverable Advances				0.00	0.00	0.00	0.00
ADDITIONAL COLLATERAL INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Net Prepayment Interest Shortfall							0.00
	Net Monthly Excess Cash Flow							3,~~006~~091,~~546~~246.9516
	Ending Pool Stated Principal Balance				60,~~925~~088,~~379~~314.2630	~~232~~231,~~047~~041,~~675~~407.4663	~~394~~391,~~166~~219,~~695~~206.6098	~~687~~682,~~139~~348,~~750~~928.3291
				Page 10 of 25				© COPYRIGHT 2003 Deutsche Bank
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	Delinquency Report for May 27, 2003 Distribution
	Delinquency Report for June 25, 2003 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			4,~~369~~609,~~812~~514.7089	~~310~~1,~~292~~695,373.9219	~~372~~244,~~725~~715.8361	56,~~052~~549,~~831~~603.4569
		% Balance			0.6468%	0.0525%	0.0504%	0.7496%
		# Loans			3334	412	13	3849
		% # Loans			0.7679%	0.0928%	0.0207%	01.8713%
FORECLOSURE		Balance		-	-	-	-79,431.87	-79,431.87
		% Balance		0.00%	0.00%	0.00%	0.0001%	0.0001%
		# Loans		-	-	-	-1	-1
		% # Loans		0.00%	0.00%	0.00%	0.0002%	0.0002%
BANKRUPTCY		Balance		~~263~~470,~~405~~510.9273	-	-	-	~~263~~470,~~405~~510.9273
		% Balance		0.0407%	0.00%	0.00%	0.00%	0.0407%
		# Loans		36	-	-	-	36
		% # Loans		0.0714%	0.00%	0.00%	0.00%	0.0714%
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		~~263~~470,~~405~~510.9273	4,~~369~~609,~~812~~514.7089	~~310~~1,~~292~~695,373.9219	~~372~~324,~~725~~147.8348	57,~~316~~099,~~237~~546.3729
		% Balance		0.0407%	0.6468%	0.0525%	0.05%	01.7704%
		# Loans		36	3334	412	14	4156
		% # Loans		0.0714%	0.7679%	0.0928%	0.0209%	01.9429%
Note: <1 Payment = 0-30days, 1 Payment = 31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								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 11 of 25				© COPYRIGHT 2003 Deutsche Bank
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	Delinquency Report for June 25, 2003 Distribution
	Delinquency Report - Group 1 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			3,~~468~~837,~~047~~524.1754	52940,~~897~~536.1891	-116,911.87	34,~~520~~894,~~944~~973.3532
		% Balance			0.8898%	0.0124%	0.0003%	01.8925%
		# Loans			2623	17	-2	2732
		% # Loans			10.0089%	0.0427%	0.0008%	1.0424%
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		~~246~~454,~~992~~135.0512	-	-	-	~~246~~454,~~992~~135.0512
		% Balance		0.0612%	0.00%	0.00%	0.00%	0.0612%
		# Loans		25	-	-	-	25
		% # Loans		0.0819%	0.00%	0.00%	0.00%	0.0819%
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		~~246~~454,~~992~~135.0512	3,~~468~~837,~~047~~524.1754	52940,~~897~~536.1891	-116,911.87	35,~~767~~349,~~936~~108.4044
		% Balance		0.0612%	0.8898%	0.0124%	0.0003%	01.9637%
		# Loans		25	2623	17	-2	2937
		% # Loans		0.0819%	10.0089%	0.0427%	0.0008%	1.1143%
Note: <1 Payment = 0-30days, 1 Payment = 31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								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 12 of 25				© COPYRIGHT 2003 Deutsche Bank
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	Delinquency Report for June 25, 2003 Distribution
	Delinquency Report - Group 2 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			~~416~~650,~~600~~175.9711	~~127~~269,~~853~~990.2555	~~372~~127,~~725~~803.8374	~~917~~1,~~180~~047,969.0540
		% Balance			0.1828%	0.0612%	0.1606%	0.4045%
		# Loans			57	13	1	711
		% # Loans			0.4462%	0.0927%	0.09%	0.6297%
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		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
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		-	~~416~~650,~~600~~175.9711	~~127~~269,~~853~~990.2555	~~372~~127,~~725~~803.8374	~~917~~1,~~180~~047,969.0540
		% Balance		0.00%	0.1828%	0.0612%	0.1606%	0.4045%
		# Loans		-	57	13	1	711
		% # Loans		0.00%	0.4462%	0.0927%	0.09%	0.6297%
Note: <1 Payment = 0-30days, 1 Payment = 31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								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 13 of 25				© COPYRIGHT 2003 Deutsche Bank
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	Delinquency Report for June 25, 2003 Distribution
	Delinquency Report - Group 3 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			~~485~~121,~~164~~815.5624	~~129~~484,~~542~~845.4973	-	~~614~~606,~~707~~660.0597
		% Balance			0.8020%	0.2181%	0.00%	1.01%
		# Loans			24	2	-	46
		% # Loans			0.3366%	0.33%	0.00%	0.6699%
FORECLOSURE		Balance		-	-	-	-79,431.87	-79,431.87
		% Balance		0.00%	0.00%	0.00%	0.0013%	0.0013%
		# Loans		-	-	-	-1	-1
		% # Loans		0.00%	0.00%	0.00%	0.0017%	0.0017%
BANKRUPTCY		Balance		16,~~413~~375.8761	-	-	-	16,~~413~~375.8761
		% Balance		0.03%	0.00%	0.00%	0.00%	0.03%
		# Loans		1	-	-	-	1
		% # Loans		0.1617%	0.00%	0.00%	0.00%	0.1617%
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		16,~~413~~375.8761	~~485~~121,~~164~~815.5624	~~129~~484,~~542~~845.4973	-79,431.87	~~631~~702,~~120~~468.9245
		% Balance		0.03%	0.8020%	0.2181%	0.0013%	1.0417%
		# Loans		1	24	2	-1	58
		% # Loans		0.1617%	0.3366%	0.33%	0.0017%	01.8232%
Note: <1 Payment = 0-30days, 1 Payment = 31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								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 14 of 25				© COPYRIGHT 2003 Deutsche Bank
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	REO Report for May 27, 2003 Distribution
	REO Report for June 25, 2003 Distribution
	REO Report - Mortgage Loans that Become REO During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Group 1 Group; REO Book Value = 000.00
Total Original Principal Balance = 000.00				Loan Group 2 = Group 2 Group; REO Book Value = 000.00
Total Current Balance = 000.00				Loan Group 3 = Group 3 Group; REO Book Value = 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 15 of 25				© COPYRIGHT 2003 Deutsche Bank
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	Foreclosure Report for June 25, 2003 Distribution
	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Group 1 Group
Total Loan Count = 1				Loan Group 1 = Group 1 Group
Total Original Principal Balance = 000.00				Loan Group 2 = Group 2 Group
Total Original Principal Balance = 80,000.00				Loan Group 2 = Group 2 Group
Total Current Balance = 000.00				Loan Group 3 = Group 3 Group
Total Current Balance = 79,431.87				Loan Group 3 = Group 3 Group
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
744810 3		80,000.00	79,431.87	Jan-01-03	10.990%	FL - 20.00%	240	Nov-26-02
				Page 16 of 25				© COPYRIGHT 2003 Deutsche Bank
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	Prepayment Report for May 27, 2003 Distribution
	Prepayment Report for June 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Current
	Number of Paid in Full Loans				3	64	2017	2924
	Number of Repurchased Loans				-	-	-	-
	Total Number of Loans Prepaid in Full				3	64	2017	2924
	Paid in Full Balance				~~319~~772,~~382~~697.3882	1807,~~995,276~~287.7191	32,~~480~~628,~~391~~761.3493	54,~~795~~208,~~050~~747.4366
	Repurchased Loans Balance				-	-	-	-
	Curtailments Amount				76,~~127~~903.7513	1135,~~634~~037.0475	2723,~~878~~867.9763	4665,~~640~~808.7651
	Total Prepayment Amount				~~326~~779,~~510~~600.1395	2842,~~006,910~~325.7566	32,~~508~~652,~~270~~629.3156	54,~~841~~274,~~691~~556.1917
	Cumulative
	Number of Paid in Full Loans				47	913	3350	4670
	Number of Repurchased Loans				-	-	-	-
	Total Number of Loans Prepaid in Full				47	913	3350	4670
	Paid in Full Balance				~~649~~1,~~020~~421,718.5133	23,~~465~~272,~~212~~499.0899	57,~~241~~870,~~581~~343.7063	812,~~355~~564,~~814~~561.2995
	Repurchased Loans Balance				-	-	-	-
	Curtailments Amount				3845,~~113~~016.3851	2459,~~440~~478.4621	4973,~~818~~685.1982	~~112~~178,~~372~~180.0354
	Total Prepayment Amount				~~687~~1,~~133~~466,734.8984	23,~~489~~331,~~652~~978.5420	57,~~291~~944,~~399~~029.8945	812,~~468~~742,~~186~~742.3249
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 17 of 25				© COPYRIGHT 2003 Deutsche Bank
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	Prepayment Report for June 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	SMM				01.5328%	0.8636%	0.8867%	0.8462%
	3 Months Avg SMM				0.80%	0.48%	0.67%	0.61%
	12 Months Avg SMM
	Avg SMM Since Cut-off				0.5680%	0.5348%	0.6667%	0.61%
	CPR				614.2133%	94.8227%	107.0979%	97.6622%
	3 Months Avg CPR				9.19%	5.56%	7.72%	7.13%
	12 Months Avg CPR
	Avg CPR Since Cut-off				69.5019%	65.2056%	7.6972%	7.0813%
	PSA				~~736~~1372.2067%	~~1158~~407.2882%	~~1225~~761.0517%	~~1159~~698.0566%
	3 Months Avg PSA Approximation				1089.05%	656.39%	937.74%	855.49%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation				~~874~~1089.5705%	~~829~~656.7539%	~~1062~~937.6274%	~~966~~855.0049%
	Group 1		Group 3
	Group 2
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 18 of 25				© COPYRIGHT 2003 Deutsche Bank
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	Prepayment Report for June 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
	Group 1		Group 3
	Group 2
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 19 of 25				© COPYRIGHT 2003 Deutsche Bank
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	Prepayment Detail Report for June 25, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 29						Loan Group 1 = Group 1 Group
Total Loan Count = 24						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 5,806,270.00						Loan Group 2 = Group 2 Group
Total Original Principal Balance = 4,223,124.00						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 5,795,050.43						Loan Group 3 = Group 3 Group
Total Prepayment Amount = 4,208,747.66						Loan Group 3 = Group 3 Group
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
739504 1			186,000.00	185,320.59	Apr-30-03	6.490%	MD - 68.89%	Paid Off - 360	Nov-14-02
733344 1			117,259.00	116,767.98	May-30-03	6.950%	CA - 61.39%	Paid Off - 360	Nov-13-02
749765 1			240,000.00	239,154.62	May-01-03	7.250%	MI - 75.00%	Paid Off - 360	Dec-02-02
747337 1			148,000.00	147,556.50	May-22-03	7.500%	CA - 56.92%	Paid Off - 360	Dec-30-02
750232 1			114,000.00	113,801.37	Apr-17-03	8.740%	MI - 95.00%	Paid Off - 360	Dec-20-02
750619 1			137,000.00	134,776.99	May-12-03	7.490%	CA - 53.73%	Paid Off - 180	Dec-03-02
753688 1			315,000.00	314,243.52	May-01-03	7.150%	IL - 90.00%	Paid Off - 360	Dec-06-02
751637 1			247,500.00	246,522.88	May-30-03	7.250%	CA - 75.00%	Paid Off - 360	Nov-27-02
755573 1			155,720.00	155,379.04	Apr-02-03	7.615%	NJ - 61.07%	Paid Off - 360	Dec-31-02
756473 1			80,000.00	79,677.37	May-30-03	7.150%	FL - 80.00%	Paid Off - 360	Dec-04-02
756369 1			156,000.00	155,699.51	Apr-02-03	8.250%	CA - 80.00%	Paid Off - 360	Dec-30-02
760895 1			131,200.00	130,933.22	May-20-03	9.400%	NJ - 80.00%	Paid Off - 360	Dec-30-02
757643 1			182,000.00	181,428.46	Apr-02-03	7.490%	WI - 65.00%	Paid Off - 360	Dec-04-02
761836 1			244,800.00	244,184.96	May-30-03	8.375%	CA - 90.00%	Paid Off - 360	Dec-23-02
759522 1			214,200.00	213,743.52	Apr-03-03	7.750%	VA - 90.00%	Paid Off - 360	Dec-30-02
762243 1			139,650.00	139,371.93	May-08-03	9.500%	MI - 95.00%	Paid Off - 360	Dec-30-02
761382 1			251,250.00	250,654.65	Apr-14-03	9.250%	FL - 75.00%	Paid Off - 360	Dec-26-02
763181 1			270,000.00	269,266.55	May-27-03	7.990%	CA - 75.00%	Paid Off - 360	Dec-27-02
762786 1			309,400.00	308,888.10	Apr-25-03	8.990%	FL - 85.00%	Paid Off - 360	Dec-27-02
771427 1			50,065.00	49,897.51	May-22-03	8.240%	IA - 85.00%	Paid Off - 360	Dec-23-02
762824 1			123,500.00	123,285.26	Apr-02-03	8.750%	IL - 94.27%	Paid Off - 360	Dec-19-02
771501 1			79,400.00	79,195.37	May-30-03	8.250%	MI - 49.63%	Paid Off - 360	Dec-23-02
762855 1			105,700.00	105,550.84	Apr-30-03	9.750%	CO - 70.00%	Paid Off - 360	Dec-31-02
771583 1			180,000.00	179,512.02	May-21-03	8.000%	CA - 75.00%	Paid Off - 360	Dec-23-02
765395 1			151,000.00	150,797.45	Apr-03-03	9.990%	MA - 73.66%	Paid Off - 360	Dec-31-02
772855 1			191,250.00	190,789.90	May-29-03	8.750%	FL - 85.00%	Paid Off - 360	Dec-26-02
765883 1			83,300.00	83,155.15	Apr-28-03	8.750%	MO - 85.00%	Paid Off - 360	Dec-30-02
773259 1			85,600.00	85,379.34	May-28-03	8.250%	FL - 80.00%	Paid Off - 360	Dec-30-02
772244 1			185,000.00	184,593.72	Apr-19-03	7.600%	NJ - 74.90%	Paid Off - 360	Dec-31-02
773414 1			195,500.00	194,956.48	May-02-03	7.875%	RI - 85.00%	Paid Off - 360	Dec-31-02
772897 1			112,000.00	111,787.68	Apr-29-03	8.490%	VA - 80.00%	Paid Off - 360	Dec-20-02
775383 1			156,800.00	156,497.46	May-06-03	9.650%	CA - 70.00%	Paid Off - 360	Dec-27-02
774124 1			175,000.00	174,765.78	Apr-17-03	10.000%	FL - 70.00%	Paid Off - 360	Dec-31-02
779375 1			184,000.00	183,475.47	May-30-03	7.750%	NJ - 63.45%	Paid Off - 360	Dec-31-02
774774 1			60,000.00	59,878.39	Apr-21-03	8.000%	MO - 81.08%	Paid Off - 360	Dec-24-02
751845 2			35,000.00	34,738.61	May-28-03	9.140%	TN - 59.32%	Paid Off - 240	Nov-27-02
776251 1			289,000.00	288,443.31	Apr-15-03	8.250%	CA - 85.00%	Paid Off - 360	Dec-26-02
756727 2			416,000.00	414,716.54	May-23-03	8.000%	CA - 80.00%	Paid Off - 360	Dec-27-02
777392 1			80,000.00	79,820.39	Apr-24-03	7.490%	CA - 33.33%	Paid Off - 360	Dec-27-02
761010 2			73,850.00	73,686.80	May-22-03	9.000%	MD - 64.22%	Paid Off - 360	Dec-24-02
747084 2			350,000.00	349,290.75	Apr-29-03	8.000%	MA - 72.77%	Paid Off - 360	Dec-13-02
781018 2			285,000.00	284,145.96	May-30-03	7.500%	CA - 64.77%	Paid Off - 360	Dec-31-02
755988 2			105,000.00	104,776.22	Apr-02-03	7.750%	FL - 73.43%	Paid Off - 360	Dec-10-02
748366 3			100,000.00	98,854.07	May-22-03	10.750%	CA - 29.41%	Paid Off - 180	Nov-27-02
758241 2			148,200.00	147,928.84	Apr-30-03	8.990%	MI - 95.00%	Paid Off - 360	Dec-23-02
762867 3			233,000.00	232,644.35	May-05-03	10.750%	CA - 63.84%	Paid Off - 360	Dec-18-02
765831 2			500,000.00	500,000.00	Apr-11-03	4.880%	CA - 80.00%	Paid Off - 300	Dec-16-02
772262 3			442,250.00	441,199.41	May-16-03	8.650%	CA - 89.34%	Paid Off - 360	Dec-20-02
780662 2			395,000.00	394,197.94	Apr-07-03	7.990%	CA - 73.15%	Paid Off - 360	Dec-27-02
783826 2			500,000.00	499,082.95	Apr-14-03	8.490%	NJ - 74.63%	Paid Off - 360	Dec-31-02
757618 3			65,000.00	64,937.75	Apr-30-03	11.550%	MA - 65.00%	Paid Off - 360	Dec-27-02
762372 3			207,000.00	206,657.54	Apr-10-03	8.990%	CA - 90.00%	Paid Off - 360	Dec-16-02
773275 3			48,000.00	47,787.09	Apr-07-03	9.160%	TN - 20.00%	Paid Off - 240	Dec-16-02
					Page 20 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. Trust 2003-NC3
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC3
	Mortgage Pass-Through Certificates
	Realized Loss Report for May 27, 2003 Distribution
	Realized Loss Report for June 25, 2003 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES					GROUP 3	GROUP 2	GROUP 1	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							0.00%
	Group 1		Group 3				3 Months Moving Average
	Group 2
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 21 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. Trust 2003-NC3
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC3
	Mortgage Pass-Through Certificates
	Realized Loss Report for May 27, 2003 Distribution
	Realized Loss Report for June 25, 2003 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	MDR				0.00%	0.00%	0.00%	0.00%
	3 Months Avg MDR				0.00%	0.00%	0.00%	0.00%
	12 Months Avg MDR
	Avg MDR Since Cut-off				0.00%	0.00%	0.00%	0.00%
	CDR				0.00%	0.00%	0.00%	0.00%
	3 Months Avg CDR				0.00%	0.00%	0.00%	0.00%
	12 Months Avg CDR
	Avg CDR Since Cut-off				0.00%	0.00%	0.00%	0.00%
	SDA				0.00%	0.00%	0.00%	0.00%
	3 Months Avg SDA Approximation				0.00%	0.00%	0.00%	0.00%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation				0.00%	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 1		Group 3
	Group 2
CDR by Groups					Total CDR
SDA by Groups					Total SDA
				Page 22 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. Trust 2003-NC3
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC3
	Mortgage Pass-Through Certificates
	Realized Loss Report for May 27, 2003 Distribution
	Realized Loss Report for June 25, 2003 Distribution
	Realized Loss Report - Collateral
	Group 1		Group 3
	Group 2
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 23 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. Trust 2003-NC3
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC3
	Mortgage Pass-Through Certificates
	Realized Loss Detail Report for May 27, 2003 Distribution
	Realized Loss Detail Report for June 25, 2003 Distribution
	Realized Loss Detail Report - Loans Liquidated During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 0						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 0.00						Loan Group 2 = Group 2 Group
Total Prior Principal Balance = 0.00						Loan Group 3 = Group 3 Group
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 24 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. Trust 2003-NC3
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC3
	Mortgage Pass-Through Certificates
	Triggers, Adj. Rate Cert. and Miscellaneous Report for May 27, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for June 25, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Has a Stepdown Date occurred?							No
	Does Trigger Event exist?							No
	1. Does (A) equal or exceed (B)?							No
	(A) 60+ Day Delinq % (quotient of (x) over (y))							0.0513%
	(x) Rolling 3-month avg. of 60+ Day Delinq. Loans							~~341~~900,~~509~~846.3847
	(y) Stated Principal Balance							~~687~~682,~~139~~348,~~750~~928.3291
	(B) 40% of Sr. Enhancement Percentage							7.6371%
	2. Does (A) exceed (B)?							No
	(A) Realized Loss % (quotient of (x) over (y))							0.00%
	(x) Agg. Realized Losses to date							0.00
	(y) Cut-off Date Pool Principal Balance							696,639,551.09
	(B) Applicable Percentage							100.00%
	Senior Enhancement Percentage (Prior)							19.0926%
ADJUSTABLE RATE CERTIFICATE INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Basis Risk Carry Forward Amount							0.00
				Page 25 of 25				© COPYRIGHT 2003 Deutsche Bank

Filing Compare · MORGAN STANLEY DEAN WITTER CAP I MRT PS THR CRT SER 2003-NC3