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): ~~June~~July 25, 2003 Accredited Home Capital,Inc. (as Seller, Accredited Home Lenders, Inc., as Sponser and Master Servicer, Accredited Mortgage Loan Trust 2003-1 as Issuer, Countrywide Home Loans Servicing LP as Backup Servicer, and Deutsche Bank National Trust Company, as Trustee). Accredited Mort Loan Trust Asset Back Notes Series 2003-1 (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-100619-02 33-0426859 (Commission File Number) (I.R.S. Employer Identification No.) 15030 Avenue of Science San Diego, Californis 92128 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (858) 676-2100 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 ~~June~~July 25, 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 May 1,2003. Date: ~~Jul~~Aug 0201, 2003 By: /s/ ~~David~~Katherine CoM. ~~David~~Wannenmacher CoKatherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of ~~June~~July 25, 2003.

	Accredited Mortgage Loan Trust 2003-1
	Asset Backed Notes
	June 25, 2003 Distribution
	July 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.	Prepayment Report				16
			9.	Prepayment Detail Report				19
			10.	Realized Loss Report				20
			11.	Realized Loss Detail Report				23
			12.	Triggers, Adj. Rate Cert. and Miscellaneous Report				24
			13.	Additional Certificate Report				25
				Total Number of Pages				25
			CONTACTS
				Administrator: Barbara Rowe
				Direct Phone Number: (714)247-6284
				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:		Accredited Capital, Inc.					Cut-Off Date: May 1, 2003
	Certificate Insurer(s):							Closing Date: May 30, 2003
								First Payment Date: June 25, 2003
	Servicer(s):		Accredited Home Lenders Master Servicer
			Countrywide Home Loans, Inc. Special Servicer
								Distribution Date: June 25, 2003
								Distribution Date: July 25, 2003
	Underwriter(s):		Lehman Brothers					Record Date: ~~June~~July 24, 2003
			CS First Boston					~~May~~June 30, 2003
						Page 1 of 25					© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-1
	Asset Backed Notes
	Trust Fund Series 2003-1
	Certificate Payment Report for June 25, 2003 Distribution
	Certificate Payment Report for July 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	STEP,AFC	104,201,000.00			~~104~~103,~~201~~764,~~000~~268.0070	~~310~~309,~~866~~563.3240	~~436~~466,~~731~~103.3057	~~747~~775,~~597~~666.6297	-	-	103,~~764~~298,~~268~~165.7013
A-2	FLT,STEP	110,037,000.00			~~110~~109,~~037~~148,~~000~~816.0035	~~132~~125,~~716~~975.8593	~~888~~1,183,172.6555	1,~~020~~309,~~900~~148.5048	-	-	~~109~~107,~~148~~965,~~816~~643.3580
A-3	FLT,STEP	88,809,000.00			8887,~~809~~735,~~000~~953.0014	~~109~~103,~~037~~455.7231	1659,~~073,046~~388.8675	1762,~~182,084~~844.5806	-	-	87,~~735~~076,~~953~~564.1439
CERT		-			-	-	-	-	-	-	-
Total		303,047,000.00			~~303~~300,~~047~~649,~~000~~038.0019	~~552~~538,~~620~~994.8964	2,~~397~~308,~~961~~664.8187	2,~~950~~847,~~582~~659.7051	-	-	~~300~~298,~~649~~340,~~038~~373.1932
	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				F-30/360	004375AK7	104,201,000.00	~~1,000~~995.~~000000~~808761	2.~~983333~~970829	4.~~191239~~473120	7.~~174572~~443949	~~995~~991.~~808761~~335641
A-2	0506/3025/03	0607/24/03		A-Act/360	004375AL5	110,037,000.00	~~1,000~~991.~~000000~~928318	1.~~206111~~144851	810.~~071682~~752497	911.~~277793~~897348	~~991~~981.~~928318~~175821
A-3	0506/3025/03	0607/24/03		A-Act/360	004375AM3	88,809,000.00	~~1,000~~987.~~000000~~917364	1.~~227778~~164919	127.~~082636~~424797	138.~~310414~~589716	~~987~~980.~~917364~~492567
CERT				F-30/360		-	-	-	-	-	-
							Page 2 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-1
	Asset Backed Notes
	Trust Fund Series 2003-1
	Certificate Payment Report for June 25, 2003 Distribution
	Certificate Payment Report for July 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	104,201,000.00		~~310~~620,~~866~~429.3272		~~332~~693,~~318~~386.9433	~~104~~209,~~412~~448.3654	~~436~~902,~~731~~834.3087	~~747~~1,~~597~~523,264.6259	-	-	103,~~764~~298,~~268~~165.7013
A-2	110,037,000.00		~~132~~258,~~716~~692.8578		~~801~~1,~~729~~898,274.0088	86173,~~454~~081.6532	~~888~~2,~~183~~071,356.6520	12,~~020~~330,~~900~~048.5098	-	-	~~109~~107,~~148~~965,~~816~~643.3580
A-3	88,809,000.00		~~109~~212,~~037~~493.7203		1,~~003~~593,~~602~~254.7442	69139,~~444~~181.1219	1,~~073~~732,~~046~~435.8661	1,~~182~~944,~~084~~928.5864	-	-	87,~~735~~076,~~953~~564.1439
CERT	-		-		-	-	-	-	-	-	-
Total	303,047,000.00		~~552~~1,~~620~~091,615.8953		24,~~137~~184,~~650~~915.6863	~~260~~521,~~311~~711.1305	24,~~397~~706,~~961~~626.8168	25,~~950~~798,~~582~~242.7021	-	-	~~300~~298,~~649~~340,~~038~~373.1932
	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	3.58000%	~~104~~103,~~201~~764,~~000~~268.0070			~~310~~309,~~866~~563.3240	-	-	-	~~310~~309,~~866~~563.3240	~~310~~309,~~866~~563.3240	-
A-2	1.~~67000~~38500%	~~110~~109,~~037~~148,~~000~~816.0035			~~132~~125,~~716~~975.8593	-	-	-	~~132~~125,~~716~~975.8593	~~132~~125,~~716~~975.8593	-
A-3	1.~~70000~~41500%	8887,~~809~~735,~~000~~953.0014			~~109~~103,~~037~~455.7231	-	-	-	~~109~~103,~~037~~455.7231	~~109~~103,~~037~~455.7231	-
CERT		-			-	-	-	-	-	-	-
Total		~~303~~300,~~047~~649,~~000~~038.0019			~~552~~538,~~620~~994.8964	-	-	-	~~552~~538,~~620~~994.8964	~~552~~538,~~620~~994.8964	-
							Page 3 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-1
	Asset Backed Notes
	Series 2003-1
	Collection Account Report for June 25, 2003 Distribution
	Collection Account Report for July 25, 2003 Distribution
	Collection Account Report
SUMMARY					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Principal Collections				~~668~~274,~~917~~259.8872	~~408~~695,~~075~~933.2391	~~167~~196,~~855~~398.3569	1,~~244~~166,~~848~~592.4632
	Principal Withdrawals				0.00	0.00	0.00	0.00
	Principal Other Accounts				0.00	0.00	0.00	0.00
	TOTAL PRINCIPAL				~~668~~274,~~917~~259.8872	~~408~~695,~~075~~933.2391	~~167~~196,~~855~~398.3569	1,~~244~~166,~~848~~592.4632
	Interest Collections				~~540~~513,~~665~~460.3734	~~648~~645,~~267~~342.3300	~~614~~610,~~169~~829.9377	1,~~803~~769,~~102~~632.6311
	Interest Withdrawals				(2724,~~498~~876.6700)	(3532,~~442~~127.0643)	(3431,~~427~~561.6649)	(9788,~~368~~564.3992)
	Interest Other Accounts				0.00	0.00	0.00	0.00
	TOTAL INTEREST				~~513~~488,~~166~~584.7034	~~612~~613,~~825~~214.2757	579,~~742~~268.2728	1,~~705~~681,~~734~~067.2419
	TOTAL AVAILABLE FUNDS TO BONDHOLDERS				1762,~~182,084~~844.5806	1,~~020~~309,~~900~~148.5048	~~747~~775,~~597~~666.6297	2,~~950~~847,~~582~~659.7051
	Interest Payable to Bondholders				~~513~~488,~~166~~584.7034	~~612~~613,~~825~~214.2757	579,~~742~~268.2728	1,~~705~~681,~~734~~067.2419
	Principal Payment Amount Payable to Bondholders				~~668~~274,~~917~~259.8872	~~408~~695,~~075~~933.2391	~~167~~196,~~855~~398.3569	1,~~244~~166,~~848~~592.4632
PRINCIPAL - COLLECTIONS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Scheduled Principal				69,~~444~~737.1207	86,~~454~~626.6567	~~104~~105,~~412~~036.3618	~~260~~261,~~311~~399.1392
	Curtailments				42,~~650~~040.5163	45,~~850~~685.2237	715,~~980~~483.3100	1723,~~481~~209.0400
	Prepayments in Full				~~594~~202,~~823~~482.2502	~~316~~603,~~770~~621.3687	5575,~~462~~879.6851	~~967~~881,~~056~~983.2940
	Repurchases/Substitutions				0.00	0.00	0.00	0.00
	Liquidations				0.00	0.00	0.00	0.00
	Insurance Principal				0.00	0.00	0.00	0.00
	Other Additional Principal				0.00	0.00	0.00	0.00
	Delinquent Principal				(4954,~~648~~067.4468)	(5865,~~839~~106.7230)	(6776,~~033~~606.5803)	(~~175~~195,~~521~~780.7401)
	Realized Losses				0.00	0.00	0.00	0.00
	Principal Recovered				0.00	0.00	0.00	0.00
	Substitution Shortfall Principal				0.00	0.00	0.00	0.00
	Proceeds due to calling the Notes				0.00	0.00	0.00	0.00
	Proceeds due to the termination of the trust				0.00	0.00	0.00	0.00
	Principal Advanced				4954,~~648~~067.4468	5865,~~839~~106.7230	6776,~~033~~606.5803	~~175~~195,~~521~~780.7401
	TOTAL PRINCIPAL				~~668~~274,~~917~~259.8872	~~408~~695,~~075~~933.2391	~~167~~196,~~855~~398.3569	1,~~244~~166,~~848~~592.4632
				Page 4 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-1
	Asset Backed Notes
	Series 2003-1
	Collection Account Report for June 25, 2003 Distribution
	Collection Account Report for July 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
	Pre-funding Release Amount				0.00	0.00	0.00	0.00
	Insured Principal Payment				0.00	0.00	0.00	0.00
	TOTAL PRINCIPAL OTHER ACCOUNTS				0.00	0.00	0.00	0.00
INTEREST - COLLECTIONS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Scheduled Interest				~~540~~536,~~714~~246.5379	~~669~~666,~~058~~157.3395	~~641~~640,~~184~~131.1805	1,~~850~~842,~~957~~535.0479
	Repurchases/Substitutions				0.00	0.00	0.00	0.00
	Liquidations				0.00	0.00	0.00	0.00
	Insurance Interest				0.00	0.00	0.00	0.00
	Other Additional Interest				0.00	0.00	0.00	0.00
	Prepayment Interest Shortfalls				~~(912~~0.~~45)~~00	~~(99~~0.00)	~~(295~~0.~~43)~~00	~~(1,306~~0.~~88)~~00
	Delinquent Interest				(~~386~~417,~~574~~764.2974)	(~~458~~500,~~520~~701.5630)	(~~427~~467,~~287~~066.1760)	(1,~~272~~385,~~382~~532.0264)
	Realized Losses				0.00	0.00	0.00	0.00
	Compensating Interest				~~912~~0.4500	990.00	~~295~~0.4300	~~1,306~~0.8800
	Civil Relief Act Shortfalls				0.00	0.00	0.00	0.00
	Substitution Shortfall Interest				0.00	0.00	0.00	0.00
	Prepayment Premiums				265,~~329~~735.7018	1013,~~522~~477.9202	12,~~773~~201.7879	3821,~~626~~413.4099
	Loan Adjustments				0.00	0.00	0.00	0.00
	Interest Advanced				~~360~~389,~~195~~243.4311	~~427~~466,~~206~~408.6433	~~398~~435,~~499~~563.1453	1,~~185~~291,~~901~~214.2197
	TOTAL INTEREST				~~540~~513,~~665~~460.3734	~~648~~645,~~267~~342.3300	~~614~~610,~~169~~829.9377	1,~~803~~769,~~102~~632.6311
				Page 5 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-1
	Asset Backed Notes
	Series 2003-1
	Collection Account Report for June 25, 2003 Distribution
	Collection Account Report for July 25, 2003 Distribution
	Collection Account Report
INTEREST - WITHDRAWALS					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
INTEREST - OTHER ACCOUNTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Capitalized Interest				0.00	0.00	0.00	0.00
	Insured Interest Payment				0.00	0.00	0.00	0.00
	TOTAL INTEREST OTHER ACCOUNT				0.00	0.00	0.00	0.00
INTEREST - FEES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees				108,~~624~~203.9647	1411,~~535~~385.0395	1411,~~629~~844.4648	3931,~~789~~433.4590
	Indenture Trustee Fees				~~592~~587.0660	~~733~~730.5886	~~694~~693.6856	2,~~020~~012.3203
	Indenture Trustee Indemnification Amounts Due				0.00	0.00	0.00	0.00
	Insurance Premiums				16,~~281~~084.6592	20,~~173~~010.4562	19,~~103~~023.5245	55,~~558~~118.6299
	Amounts due and owing to the Owner Trustee				0.00	0.00	0.00	0.00
	Amounts due to the Master Servicer				0.00	0.00	0.00	0.00
	TOTAL INTEREST FEES				2724,~~498~~876.6700	3532,~~442~~127.0643	3431,~~427~~561.6649	9788,~~368~~564.3992
				Page 6 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-1
	Asset Backed Notes
	Series 2003-1
	Credit Enhancement Report for June 25, 2003 Distribution
	Credit Enhancement Report for July 25, 2003 Distribution
	Credit Enhancement Report
ACCOUNTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Beginning Reserve Account Balance				0.00	0.00	0.00	0.00
	Deposits to the Reserve Account				0.00	0.00	0.00	0.00
	Withdrawls to pay Class Shortfalls				0.00	0.00	0.00	0.00
	Withdrawls to pay Net WAC Carryover				0.00	0.00	0.00	0.00
	Withdrawls to Sponsor				0.00	0.00	0.00	0.00
	Ending Reserve Account Balance				0.00	0.00	0.00	0.00
INSURANCE					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Specified Over-collateralization Amount				2,841,893.48	3,521,198.82	1,823,534.67	8,186,626.98
	Over-collateralization Amount				~~404~~789,~~300~~429.3437	~~480~~967,~~571~~810.6124	~~269~~539,~~857~~562.1907	12,~~154~~296,~~729~~801.1468
	Over-collateralization Increase Amount				~~404~~385,~~128~~129.9803	~~480~~487,~~108~~238.4264	~~268~~269,~~875~~704.9588	1,~~153~~142,~~113~~072.3555
				Page 7 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-1
	Asset Backed Notes
	Series 2003-1
	Collateral Report for June 25, 2003 Distribution
	Collateral Report for July 25, 2003 Distribution
	Collateral Report
COLLATERAL					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Loan Count:
	Original				485	704	826	2015
	Prior				-483	-701	-825	-2,009
	Prefunding				-	-	-	-
	Scheduled Paid Offs				-	-	-	-
	Full Voluntary Prepayments				(2)	(3)	(1)	(6)
	Repurchases				-	-	-	-
	Liquidations				-	-	-	-
	Current				~~483~~481	~~701~~698	~~825~~824	2,~~009~~003
	Principal Balance:
	Original				88,809,171.36	110,037,463.19	104,201,981.24	303,048,615.79
	Prior				-88,140,253.48	-109,629,387.96	-104,034,125.89	-301,803,767.33
	Prefunding				-	-	-	-
	Scheduled Principal				(69,~~444~~737.1207)	(86,~~454~~626.6567)	(~~104~~105,~~412~~036.3618)	(~~260~~261,~~311~~399.1392)
	Partial and Full Voluntary Prepayments				(~~599~~204,~~473~~522.7665)	(~~321~~609,~~620~~307.5824)	(6391,~~442~~362.9951)	(~~984~~905,~~537~~192.3340)
	Repurchases				-	-	-	-
	Liquidations				-	-	-	-
	Current				8887,~~140~~865,~~253~~993.4876	~~109~~108,~~629~~933,~~387~~454.9604	~~104~~103,~~034~~837,~~125~~727.8920	~~301~~300,~~803~~637,~~767~~175.3300
PREFUNDING					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Pre-Funding Amount Beginning Balance				0.00	0.00	0.00	0.00
	Pre-Funding Loans Purchased				0.00	0.00	0.00	0.00
	Pre-Funding Release Amounts				0.00	0.00	0.00	0.00
	Pre-Funding Amount Ending Balance				0.00	0.00	0.00	0.00
	Capitalized Interest Account Beginning Balance							0.00
	Interest Earnings							0.00
	Amounts withdrawn to support certificates							0.00
	Amounts Released to Sponsor							0.00
	Capitalized Interest Account Ending Balance							0.00
	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
	Accredited Mortgage Loan Trust 2003-1
	Asset Backed Notes
	Series 2003-1
	Collateral Report for June 25, 2003 Distribution
	Collateral Report for July 25, 2003 Distribution
	Collateral Report
CHARACTERISTICS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Weighted Average Coupon Original				7.306199%	7.296333%	7.383938%	7.329347%
	Weighted Average Coupon Prior				7.306199%	7.296333%	7.383938%	7.329347%
	Weighted Average Coupon Current				7.~~306199~~300820%	7.~~296333~~291745%	7.~~383938~~383705%	7.~~329347~~326095%
	Weighted Average Months to Maturity Original				358	358	311	342
	Weighted Average Months to Maturity Prior				-358	-358	-311	-342
	Weighted Average Months to Maturity Current				~~358~~357	~~358~~357	~~311~~310	~~342~~341
	Weighted Avg Remaining Amortization Term Original				358	358	339	351
	Weighted Avg Remaining Amortization Term Prior				-358	-358	-339	-351
	Weighted Avg Remaining Amortization Term Current				~~358~~357	~~358~~357	~~339~~338	~~351~~350
	Weighted Average Seasoning Original				2.21	2.23	2.32	2.25
	Weighted Average Seasoning Prior				-2.21	-2.23	-2.32	-2.25
	Weighted Average Seasoning Current				23.21	23.2319	23.32	23.2524
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
	Accredited Mortgage Loan Trust 2003-1
	Asset Backed Notes
	Series 2003-1
	Collateral Report for June 25, 2003 Distribution
	Collateral Report for July 25, 2003 Distribution
	Collateral Report
ARM CHARACTERISTICS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Weighted Average Margin Original				5.989%	5.985%
	Weighted Average Margin Prior				5.989%	5.985%
	Weighted Average Margin Current				5.~~989~~982%	5.~~985~~984%
	Weighted Average Max Rate Original				14.306%	14.296%
	Weighted Average Max Rate Prior				14.306%	14.296%
	Weighted Average Max Rate Current				14.~~306~~300%	14.~~296~~292%
	Weighted Average Min Rate Original				7.306%	7.296%
	Weighted Average Min Rate Prior				7.306%	7.296%
	Weighted Average Min Rate Current				7.~~306~~301%	7.~~296~~292%
	Weighted Average Cap Up Original				1.500%	1.500%
	Weighted Average Cap Up Prior				1.500%	1.500%
	Weighted Average Cap Up Current				1.500%	1.500%
	Weighted Average Cap Down Original				1.500%	1.500%
	Weighted Average Cap Down Prior				1.500%	1.500%
	Weighted Average Cap Down Current				1.500%	1.500%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees				108,~~624~~203.9647	1411,~~535~~385.0395	1411,~~629~~844.4648	3931,~~789~~433.4590
	Delinquent Servicing Fees				2628,~~378~~521.8663	3134,~~313~~292.9296	2831,~~788~~503.0307	8694,~~480~~317.8166
	TOTAL SERVICING FEES				3736,~~003~~725.8210	45,~~848~~678.9591	43,~~417~~347.4955	~~126~~125,~~270~~751.2656
	Total Servicing Fees				3736,~~003~~725.8210	45,~~848~~678.9591	43,~~417~~347.4955	~~126~~125,~~270~~751.2656
	Compensating Interest				~~(912~~0.~~45)~~00	~~(99~~0.00)	~~(295~~0.~~43)~~00	~~(1,306~~0.~~88)~~00
	Delinquent Servicing Fees				(2628,~~378~~521.8663)	(3134,~~313~~292.9296)	(2831,~~788~~503.0307)	(8694,~~480~~317.8166)
	COLLECTED SERVICING FEES				98,~~712~~203.5147	1411,~~436~~385.0395	1411,~~334~~844.0348	3831,~~482~~433.5790
	Current PPIS				~~(912~~0.~~45)~~00	~~(99~~0.00)	~~(295~~0.~~43)~~00	~~(1,306~~0.~~88)~~00
	Compensating Interesst				~~912~~0.4500	990.00	~~295~~0.4300	~~1,306~~0.8800
	CURRENT NET PPIS				0.00	0.00	0.00	0.00
	Total Advanced Principal For Current Payment Date				4954,~~648~~067.4468	5865,~~839~~106.7230	6776,~~033~~606.5803	~~175~~195,~~521~~780.7401
	Total Advanced Interest For Current Payment Date				~~360~~389,~~195~~243.4311	~~427~~466,~~206~~408.6433	~~398~~435,~~499~~563.1453	1,~~185~~291,~~901~~214.2197
	TOTAL ADVANCES FOR CURRENT PERIOD				~~409~~443,~~843~~310.8779	~~486~~531,~~046~~514.3663	~~465~~512,~~532~~169.7256	1,~~361~~486,~~422~~994.9598
ADDITIONAL COLLATERAL INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Current Month's LIBOR							1.~~320000~~035000%
				Page 10 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-1
	Asset Backed Notes
	Series 2003-1
	Delinquency Report for June 25, 2003 Distribution
	Delinquency Report for July 25, 2003 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			~~347~~355,~~606~~361.2866	-	-	~~347~~355,~~606~~361.2866
		% Balance			0.12%	0.00%	0.00%	0.12%
		# Loans			32	-	-	32
		% # Loans			0.1510%	0.00%	0.00%	0.1510%
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		-	~~347~~355,~~606~~361.2866	-	-	~~347~~355,~~606~~361.2866
		% Balance		0.00%	0.12%	0.00%	0.00%	0.12%
		# Loans		-	32	-	-	32
		% # Loans		0.00%	0.1510%	0.00%	0.00%	0.1510%
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 11 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-1
	Asset Backed Notes
	Series 2003-1
	Delinquency Report for June 25, 2003 Distribution
	Delinquency Report for July 25, 2003 Distribution
	Delinquency Report - Group 1 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			-	-	-	-
		% Balance			0.00%	0.00%	0.00%	0.00%
		# Loans			-	-	-	-
		% # Loans			0.00%	0.00%	0.00%	0.00%
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		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
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 12 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-1
	Asset Backed Notes
	Series 2003-1
	Delinquency Report for June 25, 2003 Distribution
	Delinquency Report for July 25, 2003 Distribution
	Delinquency Report - Group 2 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			~~199~~233,~~175~~197.0845	-	-	~~199~~233,~~175~~197.0845
		% Balance			0.1821%	0.00%	0.00%	0.1821%
		# Loans			21	-	-	21
		% # Loans			0.2914%	0.00%	0.00%	0.2914%
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		-	~~199~~233,~~175~~197.0845	-	-	~~199~~233,~~175~~197.0845
		% Balance		0.00%	0.1821%	0.00%	0.00%	0.1821%
		# Loans		-	21	-	-	21
		% # Loans		0.00%	0.2914%	0.00%	0.00%	0.2914%
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 13 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-1
	Asset Backed Notes
	Series 2003-1
	Delinquency Report for June 25, 2003 Distribution
	Delinquency Report for July 25, 2003 Distribution
	Delinquency Report - Group 3 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			~~148~~122,~~431~~164.2021	-	-	~~148~~122,~~431~~164.2021
		% Balance			0.1714%	0.00%	0.00%	0.1714%
		# Loans			1	-	-	1
		% # Loans			0.21%	0.00%	0.00%	0.21%
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		-	~~148~~122,~~431~~164.2021	-	-	~~148~~122,~~431~~164.2021
		% Balance		0.00%	0.1714%	0.00%	0.00%	0.1714%
		# Loans		-	1	-	-	1
		% # Loans		0.00%	0.21%	0.00%	0.00%	0.21%
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 14 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-1
	Asset Backed Notes
	Series 2003-1
	REO Report for June 25, 2003 Distribution
	REO Report for July 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
	Accredited Mortgage Loan Trust 2003-1
	Asset Backed Notes
	Series 2003-1
	Prepayment Report for June 25, 2003 Distribution
	Prepayment Report for July 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Current
	Number of Paid in Full Loans				2	3	1	6
	Number of Repurchased Loans				-	-	-	-
	Total Number of Loans Prepaid in Full				2	3	1	6
	Paid in Full Balance				~~594~~202,~~823~~482.2502	~~316~~603,~~770~~621.3687	5575,~~462~~879.6851	~~967~~881,~~056~~983.2940
	Repurchased Loans Balance				-	-	-	-
	Curtailments Amount				42,~~650~~040.5163	45,~~850~~685.2237	715,~~980~~483.3100	1723,~~481~~209.0400
	Total Prepayment Amount				~~599~~204,~~473~~522.7665	~~321~~609,~~620~~307.5824	6391,~~442~~362.9951	~~984~~905,~~537~~192.3340
	Cumulative
	Number of Paid in Full Loans				24	36	12	612
	Number of Repurchased Loans				-	-	-	-
	Total Number of Loans Prepaid in Full				24	36	12	612
	Paid in Full Balance				~~594~~797,~~823~~305.2527	~~316~~920,~~770~~392.3623	55131,~~462~~342.6819	~~967~~1,~~056~~849,039.2969
	Repurchased Loans Balance				-	-	-	-
	Curtailments Amount				46,~~650~~691.5114	410,~~850~~535.2259	723,~~980~~463.31	1740,~~481~~690.04
	Total Prepayment Amount				~~599~~803,~~473~~996.7641	~~321~~930,~~620~~927.5882	63154,~~442~~805.9950	~~984~~1,~~537~~889,729.3373
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 16 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-1
	Asset Backed Notes
	Series 2003-1
	Prepayment Report for June 25, 2003 Distribution
	Prepayment Report for July 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES					GROUP 3	GROUP 2	GROUP 1	TOTAL
	SMM				0.6823%	0.2956%	0.0609%	0.3330%
	3 Months Avg SMM
	12 Months Avg SMM
	Avg SMM Since Cut-off				0.6845%	0.2942%	0.0607%	0.3331%
	CPR				72.8175%	36.4547%	01.7305%	3.8354%
	3 Months Avg CPR
	12 Months Avg CPR
	Avg CPR Since Cut-off				75.8132%	34.4598%	0.7389%	3.8369%
	PSA				~~1769~~429.0408%	~~774~~1013.2532%	~~157~~158.4132%	~~850~~546.5286%
	3 Months Avg PSA Approximation
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation				~~1769~~981.0479%	~~774~~917.2523%	157.4196%	~~850~~671.5244%
	Group 1		Group 3
	Group 2
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 17 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-1
	Asset Backed Notes
	Series 2003-1
	Prepayment Report for June 25, 2003 Distribution
	Prepayment Report for July 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 18 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-1
	Asset Backed Notes
	Series 2003-1
	Prepayment Detail Report for June 25, 2003 Distribution
	Prepayment Detail Report for July 25, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 6						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 969,833.20						Loan Group 2 = Group 2 Group
Total Original Principal Balance = 885,000.00						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 967,056.29						Loan Group 3 = Group 3 Group
Total Prepayment Amount = 881,983.40						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
302194680 1			55,500.00	55,462.68	May-07-03	7.990%	WA - 75.00%	Paid Off - 360	Mar-20-03
303148135 1			76,000.00	75,879.51	Jul-01-03	7.250%	CA - 80.00%	Paid Off - 360	Mar-25-03
102050629 2			108,000.00	106,311.90	Apr-22-03	9.990%	IL - 80.00%	Paid Off - 360	Feb-28-01
111230619 2			262,000.00	260,286.23	Jul-02-03	10.990%	CA - 70.81%	Paid Off - 360	Dec-28-01
302036109 2			102,583.20	102,458.46	Jun-03-03	8.500%	WA - 80.00%	Paid Off - 360	Feb-26-03
302119955 2			168,000.00	167,584.46	Jul-01-03	7.000%	VA - 80.00%	Paid Off - 360	Feb-24-03
303254523 2			108,000.00	108,000.00	May-27-03	8.250%	CA - 80.00%	Paid Off - 360	Apr-11-03
303254086 2			176,000.00	175,751.19	Jul-01-03	7.759%	IN - 89.80%	Paid Off - 360	Mar-31-03
211193187 3			243,750.00	243,347.46	May-16-03	8.999%	CA - 75.00%	Paid Off - 360	Feb-04-03
301231111 3			93,000.00	92,769.95	Jul-02-03	7.000%	VA - 88.57%	Paid Off - 360	Feb-12-03
301272398 3			352,000.00	351,475.79	Jun-11-03	7.499%	CA - 80.00%	Paid Off - 360	Feb-14-03
301293702 3			110,000.00	109,712.07	Jul-08-03	7.990%	MI - 55.00%	Paid Off - 360	Feb-19-03
					Page 19 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-1
	Asset Backed Notes
	Series 2003-1
	Realized Loss Report for June 25, 2003 Distribution
	Realized Loss Report for July 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.
SPACE INTENTIONALLY LEFT BLANK
	Group 1		Group 3				3 Months Moving Average
	Group 2
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 20 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-1
	Asset Backed Notes
	Series 2003-1
	Realized Loss Report for June 25, 2003 Distribution
	Realized Loss Report for July 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
	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
	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
	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 21 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-1
	Asset Backed Notes
	Series 2003-1
	Realized Loss Report for June 25, 2003 Distribution
	Realized Loss Report for July 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 22 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-1
	Asset Backed Notes
	Series 2003-1
	Realized Loss Detail Report for June 25, 2003 Distribution
	Realized Loss Detail Report for July 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 23 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-1
	Asset Backed Notes
	Series 2003-1
	Triggers, Adj. Rate Cert. and Miscellaneous Report for June 25, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for July 25, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Has the Step Down Requirement been satisfied							No
	Has the Step Up Test Event occured?							No
	Has the Clean Up Call Date been reached?				No	No	No	No
ADJUSTABLE RATE CERTIFICATE INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL
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ADDITIONAL INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL
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				Page 24 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-1
	Asset Backed Notes
	Series 2003-1
	Additional Certificate Report for June 25, 2003 Distribution
	Additional Certificate Report for July 25, 2003 Distribution
	Additional Certificate Report
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	CLASS
				Page 25 of 25				© COPYRIGHT 2003 Deutsche Bank

Filing Compare · ACCREDITED MORT LOAN TRUST ASSET BACK NOTES SERIES 2003-1