8-K 1 opt03003.txt JUNE 8-K UNITED STATES 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 25, 2003 OPTION ONE MORTGAGE LOAN TRUST Asset-Backed Certificates, Series 2003-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-101483-02 Pooling and Servicing Agreement) (Commission 54-2105561 (State or other File Number) 54-2105563 jurisdiction 54-2110365 of Incorporation) 54-2110366 54-2105562 IRS EIN c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, Maryland 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On June 25, 2003 a distribution was made to holders of OPTION ONE MORTGAGE LOAN TRUST, Asset-Backed Certificates, Series 2003-3 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset-Backed Certificates, Series 2003-3 Trust, relating to the June 25, 2003 distribution. 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. OPTION ONE MORTGAGE LOAN TRUST Asset-Backed Certificates, Series 2003-3 Trust By: Wells Fargo Bank of Minnesota, N.A., as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 7/2/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset-Backed Certificates, Series 2003-3 Trust, relating to the June 25, 2003 distribution.

Option One Mortgage Loan Trust Asset-Backed Certificates Record Date: 45/3031/03 Distribution Date: 56/2725/03 OOMC Series: 2003-3 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 68400XBH2 SEN 1.61000% ~~700~~696,~~000~~143,~~000~~469.0074 1902,~~127,000~~859.0041 3,~~856~~359,~~530~~302.2672 A-2 68400XBJ8 SEN 1.62000% 336,~~700~~146,~~000~~517.0042 ~~545~~438,~~454~~671.0021 ~~553~~2,~~482~~495,481.5806 A-3 68389FDP6 SEN 1.44000% 51,~~300~~166,~~000~~355.0041 7359,~~872~~352.0097 ~~133~~602,~~644~~561.5996 A-4 68389FDQ4 SEN 1.79000% 30,000,000.00 5343,~~700~~258.0033 0.00 M-1 68400XBK5 MEZ 1.97000% 48,490,000.00 9576,~~525~~950.3094 0.00 M-1A 68389FDR2 MEZ 2.36000% 27,560,000.00 6552,~~041~~394.6062 0.00 M-2 68400XBL3 MEZ 2.92000% 35,100,000.00 ~~102~~82,~~492~~563.00 0.00 M-3 68400XBM1 MEZ 3.32000% 13,000,000.00 4334,~~160~~767.0078 0.00 M-4 68400XBN9 MEZ 3.92000% 16,250,000.00 6351,~~700~~313.0089 0.00 M-5 68400XBP4 MEZ 4.57000% 13,000,000.00 5947,~~410~~858.0005 0.00 M-6 68400XBQ2 MEZ 4.82000% 13,000,000.00 6250,~~660~~476.0011 0.00 C OPT03003C OC 0.00000% 15,~~599~~600,~~900~~000.00 45,~~145~~397,~~811~~231.7009 0.00 P OPT03003P ~~Pre_pa~~Pre_pay 0.00000% 100.00 7883,~~647~~136.4697 0.00 R-1 OPT0303R1 RES 0.00000% 0.00 0.00 0.00 R OPT0303R2 RES 0.00000% 0.00 0.00 0.00 RX OPT0303R3 RES 0.00000% 0.00 0.00 0.00 R-4 OPT0303R4 RES 0.00000% 0.00 0.00 0.00 R-5 OPT0303R5 RES 0.00000% 0.00 0.00 0.00 Totals 1,~~300~~295,~~000~~456,~~000~~442.0057 67,~~516~~320,~~474~~834.0637 46,~~543~~457,~~657~~345.4374

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~696~~692,~~143~~784,~~469~~167.7402 4,~~983~~262,~~530~~162.2613 0.00 A-2 0.00 ~~336~~333,~~146~~651,~~517~~036.4236 12,~~098~~934,~~936~~152.5827 0.00 A-3 0.00 5150,~~166~~563,~~355~~793.4145 ~~207~~661,~~516~~914.5993 0.00 A-4 0.00 30,000,000.00 5343,~~700~~258.0033 0.00 M-1 0.00 48,490,000.00 9576,~~525~~950.3094 0.00 M-1A 0.00 27,560,000.00 6552,~~041~~394.6062 0.00 M-2 0.00 35,100,000.00 ~~102~~82,~~492~~563.00 0.00 M-3 0.00 13,000,000.00 4334,~~160~~767.0078 0.00 M-4 0.00 16,250,000.00 6351,~~700~~313.0089 0.00 M-5 0.00 13,000,000.00 5947,~~410~~858.0005 0.00 M-6 0.00 13,000,000.00 6250,~~660~~476.0011 0.00 C 0.00 15,600,000.00 45,~~145~~397,~~811~~231.7009 0.00 P 0.00 100.00 7883,~~647~~136.4697 0.00 R-1 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 RX 0.00 0.00 0.00 0.00 R-4 0.00 0.00 0.00 0.00 R-5 0.00 0.00 0.00 0.00 Totals 0.00 1,~~295~~288,~~456~~999,~~442~~096.5783 1113,~~060~~778,~~131~~180.4911 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1 700,000,000.00 ~~700~~696,~~000~~143,~~000~~469.0074 0.00 3,~~856~~359,~~530~~302.2672 0.00 0.00 A-2 336,700,000.00 336,~~700~~146,~~000~~517.0042 0.00 ~~553~~2,~~482~~495,481.5806 0.00 0.00 A-3 51,300,000.00 51,~~300~~166,~~000~~355.0041 0.00 ~~133~~602,~~644~~561.5996 0.00 0.00 A-4 30,000,000.00 30,000,000.00 0.00 0.00 0.00 0.00 M-1 48,490,000.00 48,490,000.00 0.00 0.00 0.00 0.00 M-1A 27,560,000.00 27,560,000.00 0.00 0.00 0.00 0.00 M-2 35,100,000.00 35,100,000.00 0.00 0.00 0.00 0.00 M-3 13,000,000.00 13,000,000.00 0.00 0.00 0.00 0.00 M-4 16,250,000.00 16,250,000.00 0.00 0.00 0.00 0.00 M-5 13,000,000.00 13,000,000.00 0.00 0.00 0.00 0.00 M-6 13,000,000.00 13,000,000.00 0.00 0.00 0.00 0.00 C 15,599,900.00 15,~~599~~600,~~900~~000.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 RX 0.00 0.00 0.00 0.00 0.00 0.00 R-4 0.00 0.00 0.00 0.00 0.00 0.00 R-5 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,300,000,000.00 1,~~300~~295,~~000~~456,~~000~~442.0057 0.00 46,~~543~~457,~~657~~345.4374 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-1 3,~~856~~359,~~530~~302.2672 ~~696~~692,~~143~~784,~~469~~167.7402 0.~~99449067~~98969167 3,~~856~~359,~~530~~302.2672 A-2 ~~553~~2,~~482~~495,481.5806 ~~336~~333,~~146~~651,~~517~~036.4236 0.~~99835616~~99094457 ~~553~~2,~~482~~495,481.5806 A-3 ~~133~~602,~~644~~561.5996 5150,~~166~~563,~~355~~793.4145 0.~~99739484~~98564900 ~~133~~602,~~644~~561.5996 A-4 0.00 30,000,000.00 1.00000000 0.00 M-1 0.00 48,490,000.00 1.00000000 0.00 M-1A 0.00 27,560,000.00 1.00000000 0.00 M-2 0.00 35,100,000.00 1.00000000 0.00 M-3 0.00 13,000,000.00 1.00000000 0.00 M-4 0.00 16,250,000.00 1.00000000 0.00 M-5 0.00 13,000,000.00 1.00000000 0.00 M-6 0.00 13,000,000.00 1.00000000 0.00 C 0.00 15,600,000.00 1.00000641 0.00 P 0.00 100.00 1.00000000 0.00 R-1 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 RX 0.00 0.00 0.00000000 0.00 R-4 0.00 0.00 0.00000000 0.00 R-5 0.00 0.00 0.00000000 0.00 Totals 46,~~543~~457,~~657~~345.4374 1,~~295~~288,~~456~~999,~~442~~096.5783 0.~~99650496~~99153777 46,~~543~~457,~~657~~345.4374

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 700,000,000.00 ~~1000~~994.~~00000000~~49067106 0.00000000 54.~~50932894~~79900389 0.00000000 A-2 336,700,000.00 ~~1000~~998.~~00000000~~35615509 0.00000000 17.~~64384491~~41158616 0.00000000 A-3 51,300,000.00 ~~1000~~997.~~00000000~~39484230 0.00000000 211.~~60515770~~74584717 0.00000000 A-4 30,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 48,490,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1A 27,560,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 35,100,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 13,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 16,250,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 13,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 13,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 15,599,900.00 1000.~~00000000~~00641030 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 RX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-5 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 54.~~50932894~~79900389 ~~994~~989.~~49067106~~69166717 0.~~99449067~~98969167 54.~~50932894~~79900389 A-2 0.00000000 17.~~64384491~~41158616 ~~998~~990.~~35615509~~94456893 0.~~99835616~~99094457 17.~~64384491~~41158616 A-3 0.00000000 211.~~60515770~~74584717 ~~997~~985.~~39484230~~64899513 0.~~99739484~~98564900 211.~~60515770~~74584717 A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-1A 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 1,000.00641030 1.00000641 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 RX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-5 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 700,000,000.00 1.61000% ~~700~~696,~~000~~143,~~000~~469.0074 1902,~~127,000~~859.0041 0.00 0.00 A-2 336,700,000.00 1.62000% 336,~~700~~146,~~000~~517.0042 ~~545~~438,~~454~~671.0021 0.00 0.00 A-3 51,300,000.00 1.44000% 51,~~300~~166,~~000~~355.0041 7359,~~872~~352.0097 0.00 0.00 A-4 30,000,000.00 1.79000% 30,000,000.00 5343,~~700~~258.0033 0.00 0.00 M-1 48,490,000.00 1.97000% 48,490,000.00 9576,~~525~~950.3094 0.00 0.00 M-1A 27,560,000.00 2.36000% 27,560,000.00 6552,~~041~~394.6062 0.00 0.00 M-2 35,100,000.00 2.92000% 35,100,000.00 ~~102~~82,~~492~~563.00 0.00 0.00 M-3 13,000,000.00 3.32000% 13,000,000.00 4334,~~160~~767.0078 0.00 0.00 M-4 16,250,000.00 3.92000% 16,250,000.00 6351,~~700~~313.0089 0.00 0.00 M-5 13,000,000.00 4.57000% 13,000,000.00 5947,~~410~~858.0006 0.00 0.00 M-6 13,000,000.00 4.82000% 13,000,000.00 6250,~~660~~476.0011 0.00 0.00 C 15,599,900.00 0.00000% 15,~~599~~600,~~900~~000.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R-1 0.00 0.00000% 0.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 RX 0.00 0.00000% 0.00 0.00 0.00 0.00 R-4 0.00 0.00000% 0.00 0.00 0.00 0.00 R-5 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,300,000,000.00 21,~~292~~840,~~014~~466.9032 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1 0.00 0.00 1902,~~127,000~~859.0041 0.00 ~~696~~692,~~143~~784,~~469~~167.7402 A-2 0.00 0.00 ~~545~~438,~~454~~671.0021 0.00 ~~336~~333,~~146~~651,~~517~~036.4236 A-3 0.00 0.00 7359,~~872~~352.0097 0.00 5150,~~166~~563,~~355~~793.4145 A-4 0.00 0.00 5343,~~700~~258.0033 0.00 30,000,000.00 M-1 0.00 0.00 9576,~~525~~950.3094 0.00 48,490,000.00 M-1A 0.00 0.00 6552,~~041~~394.6062 0.00 27,560,000.00 M-2 0.00 0.00 ~~102~~82,~~492~~563.00 0.00 35,100,000.00 M-3 0.00 0.00 4334,~~160~~767.0078 0.00 13,000,000.00 M-4 0.00 0.00 6351,~~700~~313.0089 0.00 16,250,000.00 M-5 0.00 0.00 5947,~~410~~858.0005 0.00 13,000,000.00 M-6 0.00 0.00 6250,~~660~~476.0011 0.00 13,000,000.00 C 0.00 0.00 45,~~145~~397,~~811~~231.7009 0.00 15,600,000.00 P 0.00 0.00 7883,~~647~~136.4697 0.00 100.00 R-1 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 RX 0.00 0.00 0.00 0.00 0.00 R-4 0.00 0.00 0.00 0.00 0.00 R-5 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 67,~~516~~320,~~474~~834.0637 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-1 700,000,000.00 1.61000% ~~1000~~994.~~00000000~~49067106 1.~~61000000~~28979916 0.00000000 0.00000000 A-2 336,700,000.00 1.62000% ~~1000~~998.~~00000000~~35615509 1.~~62000000~~30285480 0.00000000 0.00000000 A-3 51,300,000.00 1.44000% ~~1000~~997.~~00000000~~39484230 1.~~44000000~~15697797 0.00000000 0.00000000 A-4 30,000,000.00 1.79000% 1000.00000000 1.~~79000000~~44194433 0.00000000 0.00000000 M-1 48,490,000.00 1.97000% 1000.00000000 1.~~97000000~~58694452 0.00000000 0.00000000 M-1A 27,560,000.00 2.36000% 1000.00000000 21.~~36000000~~90111103 0.00000000 0.00000000 M-2 35,100,000.00 2.92000% 1000.00000000 2.~~92000000~~35222222 0.00000000 0.00000000 M-3 13,000,000.00 3.32000% 1000.00000000 32.~~32000000~~67444462 0.00000000 0.00000000 M-4 16,250,000.00 3.92000% 1000.00000000 3.~~92000000~~15777785 0.00000000 0.00000000 M-5 13,000,000.00 4.57000% 1000.00000000 43.~~57000000~~68138923 0.00000000 0.00000000 M-6 13,000,000.00 4.82000% 1000.00000000 43.~~82000000~~88277769 0.00000000 0.00000000 C 15,599,900.00 0.00000% 1000.~~00000000~~00641030 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 RX 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-4 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-5 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 0.00000000 0.00000000 1.~~61000000~~28979916 0.00000000 ~~994~~989.~~49067106~~69166717 A-2 0.00000000 0.00000000 1.~~62000000~~30285480 0.00000000 ~~998~~990.~~35615509~~94456893 A-3 0.00000000 0.00000000 1.~~44000000~~15697797 0.00000000 ~~997~~985.~~39484230~~64899513 A-4 0.00000000 0.00000000 1.~~79000000~~44194433 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 1.~~97000000~~58694452 0.00000000 1000.00000000 M-1A 0.00000000 0.00000000 21.~~36000000~~90111103 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~92000000~~35222222 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 32.~~32000000~~67444462 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.~~92000000~~15777785 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 43.~~57000000~~68138846 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 43.~~82000000~~88277769 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~265~~345.~~75886384~~97856973 0.00000000 1000.00641030 P 0.00000000 0.00000000 ~~786474~~831369.~~60000000~~70000000 0.00000000 1000.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 RX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-5 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1114,~~912~~401,~~157~~428.6296 Liquidations, Insurance Proceeds, Reserve Funds 0418,468.0003 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized ~~Losses~~Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 7883,~~647~~136.4697 Total Deposits 1114,~~990~~903,~~805~~033.0896 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~930~~1,~~673~~124,853.5985 Payment of Interest and Principal 1113,~~060~~778,~~131~~180.4911 Total Withdrawals (Pool Distribution Amount) 1114,~~990~~903,~~805~~033.0896 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~269~~323,~~889~~760.7294 MGIC PMI Policy Fee ~~657~~797,~~533~~854.8727 Wells Fargo 3,~~250~~238.0064 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~930~~1,~~673~~124,853.5985

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 24 0 0 24 ~~474~~827,~~012~~985.4477 0.00 0.00 ~~474~~827,~~012~~985.4477 30 Days 1444 0 13 0 1547 16,~~765~~096,~~073~~919.0402 0.00 ~~244~~480,~~000~~502.0027 0.00 26,~~009~~577,~~073~~421.0429 60 Days 0 01 09 0 010 0.00 054,785.00 01,149,863.0009 0.00 01,204,648.0009 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1444 25 112 0 1761 16,~~765~~096,~~073~~919.0402 ~~474~~882,~~012~~770.4477 ~~244~~1,~~000~~630,365.0036 0.00 28,~~483~~610,~~085~~055.4815 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.~~030071~~049346% 0.000000% 0.000000% 0.~~030071~~049346% 0.~~044090~~064223% 0.000000% 0.000000% 0.~~044090~~064223% 30 Days 0.~~210495~~542808% 0.000000% 0.~~015035~~037010% 0.000000% 0.~~225530~~579817% 0.~~164178~~472910% 0.000000% 0.~~022696~~037270% 0.000000% 0.~~186873~~510180% 60 Days 0.000000% 0.~~000000~~012337% 0.~~000000~~111029% 0.000000% 0.~~000000~~123365% 0.000000% 0.~~000000~~004249% 0.~~000000~~089190% 0.000000% 0.~~000000~~093439% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~210495~~542808% 0.~~030071~~061683% 0.~~015035~~148038% 0.000000% 0.~~255601~~752529% 0.~~164178~~472910% 0.~~044090~~068472% 0.~~022696~~126460% 0.000000% 0.~~230963~~667842% ~~(7) Delinquencies are stratified according to the information the Servicer has provided. All 90+ day delinquencies are reported in the 90 day delinquency field.~~

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 16187,~~233~~533.4083 Class A-2 263,300,000.00 20.25384615% ~~263~~262,~~166~~563,~~455~~893.4145 2420.~~48044794~~36959483% 3125.~~269249~~884505% 0.000000% Class A-3 212,000,000.00 16.30769231% 212,000,100.00 1916.~~72081663~~44687731% 43.~~759631~~922718% 0.000000% Class A-4 182,000,000.00 14.00000000% 182,000,100.00 1614.~~93013635~~11949011% 2.~~790680~~327387% 0.000000% Class M-1 133,510,000.00 10.27000000% 133,510,100.00 1210.~~41946679~~35765660% 43.~~510670~~761834% 0.000000% Class M-1A 105,950,000.00 8.15000000% 105,950,100.00 98.~~85576183~~21956356% 2.~~563705~~138093% 0.000000% Class M-2 70,850,000.00 5.45000000% 70,850,100.00 65.~~59066590~~49652053% 32.~~265096~~723043% 0.000000% Class M-3 57,850,000.00 4.45000000% 57,850,100.00 54.~~38137111~~48798608% 1.~~209295~~008534% 0.000000% Class M-4 41,600,000.00 3.20000000% 41,600,100.00 3.~~86975263~~22731801% 1.~~511618~~260668% 0.000000% Class R-I 15,600,000.00 1.20000000% 15,600,100.00 1.~~45116305~~21024910% 0.000000% 0.000000% Class R-II 15,600,000.00 1.20000000% 15,600,100.00 1.~~45116305~~21024910% 0.000000% 0.000000% Class R-III 15,600,000.00 1.20000000% 15,600,100.00 1.~~45116305~~21024910% 0.000000% 0.000000% Class C 100.00 0.00000769% 100.00 0.~~00000930~~00000776% 1.~~451154~~210241% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.~~761256~~748855% Weighted Average Net Coupon 7.~~461254~~448854% Weighted Average Pass-Through Rate 6.~~726746~~706551% Weighted Average Maturity(Stepdown Calculation ) ~~352~~351 Beginning Scheduled Collateral Loan Count 6,~~048~~651 Number Of Loans Paid In Full 24(1,455) Ending Scheduled Collateral Loan Count 68,~~651~~106 Beginning Scheduled Collateral Balance 1,~~300~~075,~~000~~006,~~000~~699.0055 Ending Scheduled Collateral Balance 1,~~075~~288,~~006~~999,~~699~~096.5583 Ending Actual Collateral Balance at 3031-~~Apr~~May-2003 1,~~075~~289,~~099~~234,~~154~~525.7496 Monthly P &I Constant 79,~~826~~377,~~205~~651.1289 Special Servicing Fee 0.00 Prepayment Penalties 7883,~~647~~136.4697 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 1,~~075~~288,~~006~~999,~~699~~096.5583 Scheduled Principal ~~843~~1,~~983~~015,100.3455 Unscheduled Principal 35,~~699~~023,~~574~~777.1708

Trigger Event Not Triggered In Effect Since N/A Comments N/A Stepdown Date DoDon't ~~Not~~ Step Down In Effect Since N/A Comments N/A Unscheduled Principal-Voluntary 35,~~699~~023,~~574~~777.1708 Unscheduled Principal-Involuntary 0.00 Credit Enhancement Percentage 1214.~~99590~~000% Group 1 Pre-Funding Acct Begin Bal ~~202~~126,~~380~~064,~~388~~417.0245 Group 1 Pre-Funding Acct Dist Amount 76125,~~315~~878,~~970~~031.5748 Group 1 Pre-Funding Acct RI to Int Cov AcAcct 3938,~~348~~334.7153 Group 1 Pre-Funding Acct End Bal ~~126~~186,~~064,417~~385.4597 To Bond Group 1 Int Cov Acct Begin Bal ~~226~~39,~~518~~348.4271 Group 1 Int Cov Acct Deposits 3938,~~348~~334.7153 Group 1 Int Cov Acct RI 49131.4645 Group 1 Int Cov Acct Release to Servicer 577,~~618~~814.2469 Group 1 Int Cov Acct Dist Amount to Bond ~~220,949~~0.6400 Group 1 Int Cov Acct End Bal ~~39,348~~0.7100 Group 2 Pre-Funding Acct Begin Bal ~~118~~94,~~509~~385,~~470~~325.0049 Group 2 Pre-Funding Acct Dist Amount 2494,~~124~~153,~~144~~243.5143 Group 2 Pre-Funding Acct RI to Int Cov AcAcct 2428,~~407~~732.2208 Group 2 Pre-Funding Acct End Bal 94232,~~385,325~~082.4906 To Bond Group 2 Int Cov Acct Begin Bal ~~169~~24,~~604~~407.9922 Group 2 Int Cov Acct Deposits 2428,~~407~~732.2208 Group 2 Int Cov Acct RI 2597.6197 Group 2 Int Cov Acct Release to Servicer 453,~~204~~237.0427 Group 2 Int Cov Acct Dist Amount to Bond ~~165,426~~0.5600 Group 2 Int Cov Acct End Bal ~~24,407~~0.2200 # of Subsequent Mortgage Loans Purchased ~~627~~1,484 Balance of Subsequent Mortgage Loans ~~Purc~~Purcha ~~100~~220,~~440~~031,~~115~~274.0891

Miscellaneous Reporting General Excess Available Amt 45,~~145~~397,~~911~~231.7009 Extra Principal Distribution Amt ~~100~~0.00 Overcollateralization Amt 15,600,000.00 Excess Overcollateralized Amt 0.00 Overcollateralization Deficit Amt 0.00 Overcollateralization Increase Amt ~~100~~0.00 Overcollateralization Release Amt 0.00 Specified Overcollateralization Amt 15,600,000.00

Group Level Collateral Statement Group Group 1 Group 1 Group 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.~~463680~~432946 7.~~890288~~876030 7.~~595658~~599606 Weighted Average Net Rate 7.~~163677~~132944 7.~~590285~~576028 7.~~295657~~299604 Pass-Through Rate 6.231575 6.832248 6.520734 Weighted Average Maturity ~~353~~352 ~~353~~352 ~~351~~350 Beginning Loan Count 1,~~388~~384 3,~~203~~187 ~~705~~703 Loans Paid In Full 4(264) 16(573) 2(215) Ending Loan Count 1,~~384~~648 3,~~187~~760 ~~703~~918 Beginning Scheduled Balance ~~206~~205,~~430~~516,~~376~~474.7010 ~~481~~478,~~458~~516,~~694~~151.2237 123,~~599~~343,~~407~~523.1575 Ending scheduled Balance ~~205~~242,~~516~~297,~~474~~063.1073 ~~478~~564,~~516~~440,~~151~~676.3751 ~~123~~154,~~343~~544,~~523~~038.7512 Record Date 0405/3031/2003 0405/3031/2003 0405/3031/2003 Principal And Interest Constant 1,~~479~~735,~~902~~201.6145 34,~~504~~124,~~044~~013.1620 ~~899~~1,~~347~~125,672.9251 Scheduled Principal ~~195~~230,~~960~~410.6904 ~~338~~402,~~337~~772.5881 ~~116~~144,~~998~~941.9189 Unscheduled Principal ~~717~~411,~~941~~160.9183 2,~~604~~128,~~205~~573.2703 ~~138~~171,~~884~~241.4956 Scheduled Interest 1,~~283~~504,~~941~~791.9241 3,~~165~~721,~~706~~240.5839 ~~782~~980,~~349~~730.0162 Servicing Fees 5160,~~608~~734.2196 ~~120~~141,~~365~~743.8871 3038,~~899~~715.9035 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~831~~607.2332 1,~~203~~417.6092 ~~544~~387.9814 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee ~~153~~181,~~505~~874.4004 ~~296~~350,~~500~~001.8710 76100,~~951~~126.6116 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 1,~~232~~444,~~333~~056.7145 3,~~045~~579,~~340~~496.7068 ~~751~~942,~~449~~015.1127 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 ~~Pass-Through Rate 6.266506 6.848278 6.543259~~

Group Level Collateral Statement Group Group 4 Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.~~835019~~832893 7.~~761256~~748855 Weighted Average Net Rate 7.~~535018~~532892 7.~~461254~~448854 Pass-Through Rate 6.927276 6.706551 Weighted Average Maturity 350 351 ~~352~~ Beginning Loan Count 1,~~379~~377 6,~~675~~651 Loans Paid In Full 2(403) 24(1,455) Ending Loan Count 1,~~377~~780 68,~~651~~106 Beginning Scheduled Balance ~~268~~267,~~061~~630,~~778~~550.9933 1,~~079~~075,~~550~~006,~~257~~699.0655 Ending scheduled Balance ~~267~~327,~~630~~717,~~550~~318.3347 1,~~075~~288,~~006~~999,~~699~~096.5583 Record Date 0405/3031/2003 0405/3031/2003 Principal And Interest Constant 12,~~942~~392,~~910~~764.4373 79,~~826~~377,~~205~~651.1289 Scheduled Principal ~~192~~236,~~686~~975.1681 ~~843~~1,~~983~~015,100.3455 Unscheduled Principal ~~238~~2,~~542~~312,801.5066 35,~~699~~023,~~574~~777.1708 Scheduled Interest 12,~~750~~155,~~224~~788.2792 68,~~982~~362,~~221~~551.7834 Servicing Fees 6782,~~015~~566.7392 ~~269~~323,~~889~~760.7294 Master Servicing Fees 0.00 0.00 Trustee Fee ~~670~~826.1926 3,~~250~~238.0064 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee ~~130~~165,~~575~~852.9997 ~~657~~797,~~533~~854.8727 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 12,~~683~~073,~~208~~222.5400 68,~~712~~038,~~332~~790.0640 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 ~~Pass-Through Rate 6.947482 6.726746~~

Filing Compare · OPTION ONE MORTGAGE ACCEP CORP AST BACK CERTS SER 2003-3