8-K 1 opt03003.txt JULY 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): July 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 July 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 July 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: 8/6/03 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 July 25, 2003 distribution. EX-99.1

Option One Mortgage Loan Trust Asset-Backed Certificates Record Date: 56/3130/03 Distribution Date: 67/25/03 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~~32500% ~~696~~692,~~143~~784,~~469~~167.7402 ~~902~~764,~~859~~949.4118 35,~~359~~604,~~302~~431.7215 A-2 68400XBJ8 SEN 1.~~62000~~33500% ~~336~~333,~~146~~651,~~517~~036.4236 ~~438~~371,~~671~~186.2178 23,~~495~~789,~~481~~646.0678 A-3 68389FDP6 SEN 1.~~44000~~15500% 5150,~~166~~563,~~355~~793.4145 5948,~~352~~667.9765 ~~602~~915,~~561~~052.9682 A-4 68389FDQ4 SEN 1.~~79000~~50500% 30,000,000.00 4337,~~258~~625.3300 0.00 M-1 68400XBK5 MEZ 1.~~97000~~68500% 48,490,000.00 7668,~~950~~088.9404 0.00 M-1A 68389FDR2 MEZ 2.~~36000~~07500% 27,560,000.00 5247,~~394~~655.6283 0.00 M-2 68400XBL3 MEZ 2.~~92000~~63500% 35,100,000.00 8277,~~563~~073.0075 0.00 M-3 68400XBM1 MEZ 3.~~32000~~03500% 13,000,000.00 3432,~~767~~879.7817 0.00 M-4 68400XBN9 MEZ 3.~~92000~~63500% 16,250,000.00 5149,~~313~~223.8996 0.00 M-5 68400XBP4 MEZ 4.~~57000~~28500% 13,000,000.00 4746,~~858~~420.0583 0.00 M-6 68400XBQ2 MEZ 4.~~82000~~53500% 13,000,000.00 5049,~~476~~129.1117 0.00 C OPT03003C OC 0.00000% 15,600,000.00 5,~~397~~608,~~231~~480.0978 0.00 P OPT03003P Pre_pay 0.00000% 100.00 83153,~~136~~807.97 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,~~295~~288,~~456~~999,~~442~~096.5783 7,~~320~~355,~~834~~188.3711 610,~~457~~309,~~345~~130.7475

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~692~~687,~~784~~179,~~167~~735.0287 46,~~262~~369,~~162~~380.1333 0.00 A-2 0.00 ~~333~~329,~~651~~861,~~036~~389.3658 24,~~934~~160,~~152~~833.2756 0.00 A-3 0.00 5049,~~563~~648,~~793~~740.4564 ~~661~~963,~~914~~720.9347 0.00 A-4 0.00 30,000,000.00 4337,~~258~~625.3300 0.00 M-1 0.00 48,490,000.00 7668,~~950~~088.9404 0.00 M-1A 0.00 27,560,000.00 5247,~~394~~655.6283 0.00 M-2 0.00 35,100,000.00 8277,~~563~~073.0075 0.00 M-3 0.00 13,000,000.00 3432,~~767~~879.7817 0.00 M-4 0.00 16,250,000.00 5149,~~313~~223.8996 0.00 M-5 0.00 13,000,000.00 4746,~~858~~420.0583 0.00 M-6 0.00 13,000,000.00 5049,~~476~~129.1117 0.00 C 0.00 15,600,000.00 5,~~397~~608,~~231~~480.0978 0.00 P 0.00 100.00 83153,~~136~~807.97 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,~~288~~278,~~999~~689,~~096~~966.8309 1317,~~778~~664,~~180~~318.1186 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 ~~696~~692,~~143~~784,~~469~~167.7402 0.00 35,~~359~~604,~~302~~431.7215 0.00 0.00 A-2 336,700,000.00 ~~336~~333,~~146~~651,~~517~~036.4236 0.00 23,~~495~~789,~~481~~646.0678 0.00 0.00 A-3 51,300,000.00 5150,~~166~~563,~~355~~793.4145 0.00 ~~602~~915,~~561~~052.9682 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 15,600,000.00 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,~~295~~288,~~456~~999,~~442~~096.5783 0.00 610,~~457~~309,~~345~~130.7475 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 35,~~359~~604,~~302~~431.7215 ~~692~~687,~~784~~179,~~167~~735.0287 0.~~98969167~~98168534 35,~~359~~604,~~302~~431.7215 A-2 23,~~495~~789,~~481~~646.0678 ~~333~~329,~~651~~861,~~036~~389.3658 0.~~99094457~~97968931 23,~~495~~789,~~481~~646.0678 A-3 ~~602~~915,~~561~~052.9682 5049,~~563~~648,~~793~~740.4564 0.~~98564900~~96781171 ~~602~~915,~~561~~052.9682 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 610,~~457~~309,~~345~~130.7475 1,~~288~~278,~~999~~689,~~096~~966.8309 0.~~99153777~~98360767 610,~~457~~309,~~345~~130.7475

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 ~~994~~989.~~49067106~~69166717 0.00000000 48.~~79900389~~00633021 0.00000000 A-2 336,700,000.00 ~~998~~990.~~35615509~~94456893 0.00000000 711.~~41158616~~25526219 0.00000000 A-3 51,300,000.00 ~~997~~985.~~39484230~~64899513 0.00000000 1117.~~74584717~~83728694 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 1000.00641030 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 48.~~79900389~~00633021 ~~989~~981.~~69166717~~68533696 0.~~98969167~~98168534 48.~~79900389~~00633021 A-2 0.00000000 711.~~41158616~~25526219 ~~990~~979.~~94456893~~68930674 0.~~99094457~~97968931 711.~~41158616~~25526219 A-3 0.00000000 1117.~~74584717~~83728694 ~~985~~967.~~64899513~~81170838 0.~~98564900~~96781171 1117.~~74584717~~83728694 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~~32500% ~~696~~692,~~143~~784,~~469~~167.7402 ~~902~~764,~~859~~949.4118 0.00 0.00 A-2 336,700,000.00 1.~~62000~~33500% ~~336~~333,~~146~~651,~~517~~036.4236 ~~438~~371,~~671~~186.2178 0.00 0.00 A-3 51,300,000.00 1.~~44000~~15500% 5150,~~166~~563,~~355~~793.4145 5948,~~352~~667.9765 0.00 0.00 A-4 30,000,000.00 1.~~79000~~50500% 30,000,000.00 4337,~~258~~625.3300 0.00 0.00 M-1 48,490,000.00 1.~~97000~~68500% 48,490,000.00 7668,~~950~~088.9404 0.00 0.00 M-1A 27,560,000.00 2.~~36000~~07500% 27,560,000.00 5247,~~394~~655.6283 0.00 0.00 M-2 35,100,000.00 2.~~92000~~63500% 35,100,000.00 8277,~~563~~073.0075 0.00 0.00 M-3 13,000,000.00 3.~~32000~~03500% 13,000,000.00 3432,~~767~~879.7817 0.00 0.00 M-4 16,250,000.00 3.~~92000~~63500% 16,250,000.00 5149,~~313~~223.8996 0.00 0.00 M-5 13,000,000.00 4.~~57000~~28500% 13,000,000.00 4746,~~858~~420.0683 0.00 0.00 M-6 13,000,000.00 4.~~82000~~53500% 13,000,000.00 5049,~~476~~129.1117 0.00 0.00 C 15,599,900.00 0.00000% 15,600,000.00 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 1,~~840~~592,~~466~~899.3236 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 ~~902~~764,~~859~~949.4118 0.00 ~~692~~687,~~784~~179,~~167~~735.0287 A-2 0.00 0.00 ~~438~~371,~~671~~186.2178 0.00 ~~333~~329,~~651~~861,~~036~~389.3658 A-3 0.00 0.00 5948,~~352~~667.9765 0.00 5049,~~563~~648,~~793~~740.4564 A-4 0.00 0.00 4337,~~258~~625.3300 0.00 30,000,000.00 M-1 0.00 0.00 7668,~~950~~088.9404 0.00 48,490,000.00 M-1A 0.00 0.00 5247,~~394~~655.6283 0.00 27,560,000.00 M-2 0.00 0.00 8277,~~563~~073.0075 0.00 35,100,000.00 M-3 0.00 0.00 3432,~~767~~879.7817 0.00 13,000,000.00 M-4 0.00 0.00 5149,~~313~~223.8996 0.00 16,250,000.00 M-5 0.00 0.00 4746,~~858~~420.0583 0.00 13,000,000.00 M-6 0.00 0.00 5049,~~476~~129.1117 0.00 13,000,000.00 C 0.00 0.00 5,~~397~~608,~~231~~480.0978 0.00 15,600,000.00 P 0.00 0.00 83153,~~136~~807.97 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 7,~~320~~355,~~834~~188.3711 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~~32500% ~~994~~989.~~49067106~~69166717 1.~~28979916~~09278454 0.00000000 0.00000000 A-2 336,700,000.00 1.~~62000~~33500% ~~998~~990.~~35615509~~94456893 1.~~30285480~~10242584 0.00000000 0.00000000 A-3 51,300,000.00 1.~~44000~~15500% ~~997~~985.~~39484230~~64899513 10.~~15697797~~94868713 0.00000000 0.00000000 A-4 30,000,000.00 1.~~79000~~50500% 1000.00000000 1.~~44194433~~25416667 0.00000000 0.00000000 M-1 48,490,000.00 1.~~97000~~68500% 1000.00000000 1.~~58694452~~40416663 0.00000000 0.00000000 M-1A 27,560,000.00 2.~~36000~~07500% 1000.00000000 1.~~90111103~~72916655 0.00000000 0.00000000 M-2 35,100,000.00 2.~~92000~~63500% 1000.00000000 2.~~35222222~~19583333 0.00000000 0.00000000 M-3 13,000,000.00 3.~~32000~~03500% 1000.00000000 2.~~67444462~~52916692 0.00000000 0.00000000 M-4 16,250,000.00 3.~~92000~~63500% 1000.00000000 3.~~15777785~~02916677 0.00000000 0.00000000 M-5 13,000,000.00 4.~~57000~~28500% 1000.00000000 3.~~68138923~~57083308 0.00000000 0.00000000 M-6 13,000,000.00 4.~~82000~~53500% 1000.00000000 3.~~88277769~~77916692 0.00000000 0.00000000 C 15,599,900.00 0.00000% 1000.00641030 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.~~28979916~~09278454 0.00000000 ~~989~~981.~~69166717~~68533696 A-2 0.00000000 0.00000000 1.~~30285480~~10242584 0.00000000 ~~990~~979.~~94456893~~68930674 A-3 0.00000000 0.00000000 10.~~15697797~~94868713 0.00000000 ~~985~~967.~~64899513~~81170838 A-4 0.00000000 0.00000000 1.~~44194433~~25416667 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 1.~~58694452~~40416663 0.00000000 1000.00000000 M-1A 0.00000000 0.00000000 1.~~90111103~~72916655 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~35222222~~19583333 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.~~67444462~~52916692 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.~~15777785~~02916677 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 3.~~68138846~~57083308 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 3.~~88277769~~77916692 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~345~~359.~~97856973~~52030334 0.00000000 1000.00641030 P 0.00000000 0.00000000 ~~831369~~1538079.70000000 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 1418,~~401~~630,~~428~~866.9622 Liquidations, Insurance Proceeds, Reserve Funds ~~418,468~~0.0300 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 83153,~~136~~807.97 Total Deposits 1418,~~903~~784,~~033~~674.9619 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 1,~~124~~120,~~853~~355.8533 Payment of Interest and Principal 1317,~~778~~664,~~180~~318.1186 Total Withdrawals (Pool Distribution Amount) 1418,~~903~~784,~~033~~674.9619 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~323~~322,~~760~~250.9443 MGIC PMI Policy Fee ~~797~~794,~~854~~882.2791 Wells Fargo 3,~~238~~221.6499 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1,~~124~~120,~~853~~355.8533

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.00 0.00 ~~1,000~~999.0098

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 43 0 0 43 ~~827~~447,~~985~~975.7799 0.00 0.00 ~~827~~447,~~985~~975.7799 30 Days 4446 0 30 0 4746 68,~~096~~158,~~919~~985.0232 0.00 ~~480,502~~0.2700 0.00 68,~~577~~158,~~421~~985.2932 60 Days 3 0 122 9 0 1025 0273,906.0056 ~~54,785~~0.00 12,~~149~~608,~~863~~346.0939 0.00 12,~~204~~882,~~648~~252.0995 90 Days 0 01 08 0 09 0.00 054,697.0017 01,097,861.0036 0.00 01,152,558.0053 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 4449 54 1230 0 6183 68,~~096~~432,~~919~~891.0288 ~~882~~502,~~770~~673.7716 13,~~630~~706,~~365~~207.3675 0.00 812,~~610~~641,~~055~~772.1579 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.~~049346~~037221% 0.000000% 0.000000% 0.~~049346~~037221% 0.~~064223~~035027% 0.000000% 0.000000% 0.~~064223~~035027% 30 Days 0.~~542808~~570720% 0.000000% 0.~~037010~~000000% 0.000000% 0.~~579817~~570720% 0.~~472910~~637955% 0.000000% 0.~~037270~~000000% 0.000000% 0.~~510180~~637955% 60 Days 0.~~000000~~037221% 0.~~012337~~000000% 0.~~111029~~272953% 0.000000% 0.~~123365~~310174% 0.~~000000~~021417% 0.~~004249~~000000% 0.~~089190~~203948% 0.000000% 0.~~093439~~225365% 90 Days 0.000000% 0.~~000000~~012407% 0.~~000000~~099256% 0.000000% 0.~~000000~~111663% 0.000000% 0.~~000000~~004277% 0.~~000000~~085842% 0.000000% 0.~~000000~~090119% 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.~~542808~~607940% 0.~~061683~~049628% 0.~~148038~~372208% 0.000000% 01.~~752529~~029777% 0.~~472910~~659372% 0.~~068472~~039304% 0.~~126460~~289790% 0.000000% 0.~~667842~~988466%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~187~~310,~~533~~329.83 Class A-2 263,300,000.00 20.25384615% 262,563,893.45 20.36959483% 25.884505% 0.000000% Class A-3 212,000,000.00 16.30769231% 212,000,100.00 16.44687731% 3.922718% 0.000000% Class A-4 182,000,000.00 14.00000000% 182,000,100.00 14.11949011% 2.327387% 0.000000% Class M-1 133,510,000.00 10.27000000% 133,510,100.00 10.35765660% 3.761834% 0.000000% Class M-1A 105,950,000.00 8.15000000% 105,950,100.00 8.21956356% 2.138093% 0.000000% Class M-2 70,850,000.00 5.45000000% 70,850,100.00 5.49652053% 2.723043% 0.000000% Class M-3 57,850,000.00 4.45000000% 57,850,100.00 4.48798608% 1.008534% 0.000000% Class M-4 41,600,000.00 3.20000000% 41,600,100.00 3.22731801% 1.260668% 0.000000% Class R-I 15,600,000.00 1.20000000% 15,600,100.00 1.21024910% 0.000000% 0.000000% Class R-II 15,600,000.00 1.20000000% 15,600,100.00 1.21024910% 0.000000% 0.000000% Class R-III 15,600,000.00 1.20000000% 15,600,100.00 1.21024910% 0.000000% 0.000000% Class C 100.00 0.00000769% 100.00 0.00000776% 1.210241% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure60

Class A-2 263,300,000.00 20.25384615% 261,648,840.64 20.46225806% 25.796823% 0.000000% Class A-3 212,000,000.00 16.30769231% 212,000,100.00 16.57947631% 3.882782% 0.000000% Class A-4 182,000,000.00 14.00000000% 182,000,100.00 14.23332511% 2.346151% 0.000000% Class M-1 133,510,000.00 10.27000000% 133,510,100.00 10.44116272% 3.792162% 0.000000% Class M-1A 105,950,000.00 8.15000000% 105,950,100.00 8.28583181% 2.155331% 0.000000% Class M-2 70,850,000.00 5.45000000% 70,850,100.00 5.54083491% 2.744997% 0.000000% Class M-3 57,850,000.00 4.45000000% 57,850,100.00 4.52416939% 1.016666% 0.000000% Class M-4 41,600,000.00 3.20000000% 41,600,100.00 3.25333749% 1.270832% 0.000000% Class R-I 15,600,000.00 1.20000000% 15,600,100.00 1.22000645% 0.000000% 0.000000% Class R-II 15,600,000.00 1.20000000% 15,600,100.00 1.22000645% 0.000000% 0.000000% Class R-III 15,600,000.00 1.20000000% 15,600,100.00 1.22000645% 0.000000% 0.000000% Class C 100.00 0.00000769% 100.00 0.00000782% 1.219999% 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.~~748855~~747160% Weighted Average Net Coupon 7.~~448854~~447160% Weighted Average Pass-Through Rate 6.~~706551~~704160% Weighted Average Maturity(Stepdown Calculation ) ~~351~~350 Beginning Scheduled Collateral Loan Count 68,~~651~~106 Number Of Loans Paid In Full ~~(1,455)~~46 Ending Scheduled Collateral Loan Count 8,~~106~~060 Beginning Scheduled Collateral Balance 1,~~075~~288,~~006~~999,~~699~~096.5583 Ending Scheduled Collateral Balance 1,~~288~~278,~~999~~689,~~096~~966.8309 Ending Actual Collateral Balance at 3130-~~May~~Jun-2003 1,~~289~~278,~~234~~928,~~525~~121.9675 Monthly P &I Constant 9,~~377~~336,~~651~~748.8943 Special Servicing Fee 0.00 Prepayment Penalties 83153,~~136~~807.97 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 1,~~288~~278,~~999~~689,~~096~~966.8309 Scheduled Principal 1,015,~~100~~013.5503 Unscheduled Principal 59,~~023~~294,~~777~~117.0871

Trigger Event Not Triggered In Effect Since N/A Comments N/A Stepdown Date ~~Don't~~Do Not Step Down In Effect Since N/A Comments N/A Unscheduled Principal-Voluntary 59,~~023~~294,~~777~~117.0871 Unscheduled Principal-Involuntary 0.00 Credit Enhancement Percentage 1412.~~000~~057% Group 1 Pre-Funding Acct Begin Bal 126,064,417.45 Group 1 Pre-Funding Acct Dist Amount 125,878,031.48 Group 1 Pre-Funding Acct RI to Int Cov Acct 38,334.53 Group 1 Pre-Funding Acct End Bal 186,385.97 To Bond Group 1 Int Cov Acct Begin Bal 39,348.71 Group 1 Int Cov Acct Deposits 38,334.53 Group 1 Int Cov Acct RI 131.45 Group 1 Int Cov Acct Release to Servicer 77,814.69 Group 1 Int Cov Acct Dist Amount to Bond 0.00 Group 1 Int Cov Acct End Bal 0.00 Group 2 Pre-Funding Acct Begin Bal 94,385,325.49 Group 2 Pre-Funding Acct Dist Amount 94,153,243.43 Group 2 Pre-Funding Acct RI to Int Cov Acct 28,732.08 Group 2 Pre-Funding Acct End Bal 232,082.06 To Bond Group 2 Int Cov Acct Begin Bal 24,407.22 Group 2 Int Cov Acct Deposits 28,732.08 Group 2 Int Cov Acct RI 97.97 Group 2 Int Cov Acct Release to Servicer 53,237.27 Group 2 Int Cov Acct Dist Amount to Bond 0.00 Group 2 Int Cov Acct End Bal 0.00 # of Subsequent Mortgage Loans Purchased 1,484 Balance of Subsequent Mortgage Loans Purcha 220,031,274.91

Miscellaneous Reporting General Excess Available Amt 5,~~397~~608,~~231~~480.0978 Extra Principal Distribution Amt 0.00 Overcollateralization Amt 15,600,000.00 Excess Overcollateralized Amt 0.00 Overcollateralization Deficit Amt 0.00 Overcollateralization Increase Amt 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.~~432946~~433899 7.~~876030~~874423 7.~~599606~~597082 Weighted Average Net Rate 7.~~132944~~133897 7.~~576028~~574422 7.~~299604~~297082 ~~Pass-Through Rate 6.231575 6.832248 6.520734~~ Weighted Average Maturity ~~352~~351 ~~352~~351 ~~350~~349 Beginning Loan Count 1,~~384~~648 3,~~187~~760 ~~703~~918 Loans Paid In Full ~~(264)~~8 ~~(573)~~21 ~~(215)~~4 Ending Loan Count 1,~~648~~640 3,~~760~~739 ~~918~~914 Beginning Scheduled Balance ~~205~~242,~~516~~297,~~474~~063.1073 ~~478~~564,~~516~~440,~~151~~676.3751 ~~123~~154,~~343~~544,~~523~~038.7512 Ending scheduled Balance ~~242~~240,~~297~~530,~~063~~822.7396 ~~564~~560,~~440~~602,~~676~~486.5113 ~~154~~153,~~544~~185,~~038~~379.1242 Record Date 0506/3130/2003 0506/3130/2003 0506/3130/2003 Principal And Interest Constant 1,~~735~~731,~~201~~798.4579 4,~~124~~106,~~013~~898.2097 1,~~125~~123,~~672~~272.5147 Scheduled Principal 230,~~410~~788.0490 ~~402~~403,~~772~~028.8158 144,~~941~~869.8930 Unscheduled Principal ~~411~~1,~~160~~535,451.8387 23,~~128~~435,~~573~~161.0380 ~~171~~1,~~241~~213,789.5640 Scheduled Interest 1,~~504~~501,~~791~~009.4189 3,~~721~~703,~~240~~870.39 ~~980~~978,~~730~~403.6217 Servicing Fees 60,~~734~~574.9655 141,~~743~~110.7142 38,~~715~~636.3504 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~607~~605.3242 1,~~417~~411.9202 ~~387~~386.1430 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 181,~~874~~321.0455 ~~350~~348,~~001~~304.1023 100,~~126~~019.1697 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,~~444~~440,~~056~~435.4534 3,~~579~~562,~~496~~759.6897 ~~942~~939,~~015~~767.2713 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 6.232886 6.830928 6.517450

Group Level Collateral Statement Group Group 4 Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.~~832893~~830353 7.~~748855~~747160 Weighted Average Net Rate 7.~~532892~~530353 7.~~448854~~447160 ~~Pass-Through Rate 6.927276 6.706551~~ Weighted Average Maturity 349 350 ~~351~~ Beginning Loan Count 1,~~377~~780 68,~~651~~106 Loans Paid In Full ~~(403)~~13 ~~(1,455)~~46 Ending Loan Count 1,~~780~~767 8,~~106~~060 Beginning Scheduled Balance ~~267~~327,~~630~~717,~~550~~318.3347 1,~~075~~288,~~006~~999,~~699~~096.5583 Ending scheduled Balance ~~327~~324,~~717~~371,~~318~~277.4758 1,~~288~~278,~~999~~689,~~096~~966.8309 Record Date 0506/3130/2003 0506/3130/2003 Principal And Interest Constant 2,~~392~~374,~~764~~778.7320 9,~~377~~336,~~651~~748.8943 Scheduled Principal 236,~~975~~326.8125 1,015,~~100~~013.5503 Unscheduled Principal 23,~~312~~109,~~801~~714.6664 59,~~023~~294,~~777~~117.0871 Scheduled Interest 2,~~155~~138,~~788~~451.9295 8,~~362~~321,~~551~~735.3440 Servicing Fees 8281,~~566~~929.9242 ~~323~~322,~~760~~250.9443 Master Servicing Fees 0.00 0.00 Trustee Fee ~~826~~819.2625 3,~~238~~221.6499 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 165,~~852~~237.9716 ~~797~~794,~~854~~882.2791 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 2,~~073~~056,~~222~~522.0053 87,~~038~~999,~~790~~484.4097 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 6.922305 6.704160

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