8-K 1 hbv03001.txt AUGUST 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): August 19, 2003 HARBORVIEW MORTGAGE LOAN TRUST Mortgage Loan Pass-Through Certs., Series 2003-1 Trust (Exact name of registrant as specified in its charter) Delaware (governing law of 333-99463-07 Pending Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction of Incorporation) c/o Wells Fargo Bank minnesota, N.A. 9062 Old Annapolis Road Columbia, MD 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 August 19, 2003 a distribution was made to holders of HARBORVIEW MORTGAGE LOAN TRUST, Mortgage Loan Pass-Through Certs., Series 2003-1 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 Mortgage Loan Pass-Through Certs., Series 2003-1 Trust, relating to the August 19, 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. HARBORVIEW MORTGAGE LOAN TRUST Mortgage Loan Pass-Through Certs., Series 2003-1 Trust By: Wells Fargo Bank Minnesota, N.A., as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 8/26/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Loan Pass-Through Certs., Series 2003-1 Trust, relating to the August 19, 2003 distribution. EX-99.1

Harborview Greenwich Capital Markets, Inc Mortgage Loan Pass-Through Certificates Record Date: 67/3031/03 Distribution Date: 78/2119/03 HBV Series: 2003-1 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 41161PBM4 SEN 5.~~01142~~00031% ~~276~~260,~~300~~002,~~244~~238.3887 1,~~153~~083,~~881~~408.2990 1618,~~298~~580,~~005~~875.5187 A-R 41161PBN2 SEN 5.~~04795~~03613% 0.00 0.00 0.00 B-1 41161PBP7 SUB 5.~~01142~~00031% 4,~~603~~598,~~473~~622.5859 19,~~224~~162.9610 4,~~850~~837.9931 B-2 41161PBQ5 SUB 5.~~01142~~00031% 1,~~994~~992,~~871~~769.8268 8,~~330~~303.9671 2,~~102~~096.1320 B-3 41161PBR3 SUB 5.~~01142~~00031% 1,~~227~~226,~~459~~166.9044 5,~~126~~109.1034 1,~~293~~289.4681 B-4 41161PBS1 SUB 5.~~01142~~00031% 613,~~729~~083.9522 2,~~563~~554.0567 ~~646~~644.7391 B-5 41161PBT9 SUB 5.~~01142~~00031% 613,~~729~~083.9522 2,~~563~~554.0567 ~~646~~644.7391 B-6 41161PBU6 SUB 5.~~01142~~00031% ~~616~~615,~~378~~728.4795 2,~~574~~565.1169 ~~649~~647.5269 P HBV03001P 0.00000% 0.00 0.00 0.00 Totals ~~285~~269,~~969~~661,~~888~~692.0597 1,~~194~~123,~~263~~659.5208 1618,~~308~~591,~~195~~036.0770

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~260~~241,~~002~~421,~~238~~363.8700 1719,~~451~~664,~~886~~284.8077 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 4,~~598~~593,~~622~~785.5928 2423,~~075~~999.9541 0.00 B-2 0.00 1,~~992~~990,~~769~~673.6848 10,~~433~~399.0991 0.00 B-3 0.00 1,~~226~~224,~~166~~876.4463 6,~~419~~399.5615 0.00 B-4 0.00 ~~613~~612,~~083~~438.2231 3,~~209~~199.7858 0.00 B-5 0.00 ~~613~~612,~~083~~438.2231 3,~~209~~199.7858 0.00 B-6 0.00 615,~~728~~081.9526 3,~~223~~213.6338 0.00 P 0.00 0.00 0.00 0.00 Totals 0.00 ~~269~~251,~~661~~070,~~692~~656.9727 1719,~~502~~714,~~458~~695.5978 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 297,909,000.00 ~~276~~260,~~300~~002,~~244~~238.3887 ~~291~~273,~~156~~497.2064 1618,~~006~~307,~~849~~378.3123 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 4,613,000.00 4,~~603~~598,~~473~~622.5859 4,~~850~~837.9931 0.00 0.00 0.00 B-2 1,999,000.00 1,~~994~~992,~~871~~769.8268 2,~~102~~096.1320 0.00 0.00 0.00 B-3 1,230,000.00 1,~~227~~226,~~459~~166.9044 1,~~293~~289.4681 0.00 0.00 0.00 B-4 615,000.00 613,~~729~~083.9522 ~~646~~644.7391 0.00 0.00 0.00 B-5 615,000.00 613,~~729~~083.9522 ~~646~~644.7391 0.00 0.00 0.00 B-6 617,654.00 ~~616~~615,~~378~~728.4795 ~~649~~647.5269 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 Totals 307,598,754.00 ~~285~~269,~~969~~661,~~888~~692.0597 ~~301~~283,~~345~~658.7647 1618,~~006~~307,~~849~~378.3123 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 1618,~~298~~580,~~005~~875.5187 ~~260~~241,~~002~~421,~~238~~363.8700 0.~~87275725~~81038627 1618,~~298~~580,~~005~~875.5187 A-R 0.00 0.00 0.00000000 0.00 B-1 4,~~850~~837.9931 4,~~598~~593,~~622~~785.5928 0.~~99688328~~99583466 4,~~850~~837.9931 B-2 2,~~102~~096.1320 1,~~992~~990,~~769~~673.6848 0.~~99688328~~99583466 2,~~102~~096.1320 B-3 1,~~293~~289.4681 1,~~226~~224,~~166~~876.4463 0.~~99688328~~99583466 1,~~293~~289.4681 B-4 ~~646~~644.7391 ~~613~~612,~~083~~438.2231 0.~~99688328~~99583465 ~~646~~644.7391 B-5 ~~646~~644.7391 ~~613~~612,~~083~~438.2231 0.~~99688328~~99583465 ~~646~~644.7391 B-6 ~~649~~647.5269 615,~~728~~081.9526 0.~~99688329~~99583466 ~~649~~647.5269 P 0.00 0.00 0.00000000 0.00 Totals 1618,~~308~~591,~~195~~036.0770 ~~269~~251,~~661~~070,~~692~~656.9727 0.~~87666705~~81622781 1618,~~308~~591,~~195~~036.0770

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 297,909,000.00 ~~927~~872.~~46524737~~75724758 0.~~97733268~~91805766 5361.~~73066712~~45292096 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 4,613,000.00 ~~997~~996.~~93487535~~88328420 1.~~05159116~~04862562 0.00000000 0.00000000 B-2 1,999,000.00 ~~997~~996.~~93487744~~88328164 1.~~05159080~~04862431 0.00000000 0.00000000 B-3 1,230,000.00 ~~997~~996.~~93487805~~88328455 1.~~05159350~~04862602 0.00000000 0.00000000 B-4 615,000.00 ~~997~~996.~~93487805~~88328455 1.~~05159350~~04863415 0.00000000 0.00000000 B-5 615,000.00 ~~997~~996.~~93487805~~88328455 1.~~05159350~~04863415 0.00000000 0.00000000 B-6 617,654.00 ~~997~~996.~~93487940~~88328741 1.~~05159199~~04862917 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A 0.00000000 5462.~~70799979~~37097862 ~~872~~810.~~75724758~~38626896 0.~~87275725~~81038627 5462.~~70799979~~37097862 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.~~05159116~~04862562 ~~996~~995.~~88328420~~83465857 0.~~99688328~~99583466 1.~~05159116~~04862562 B-2 0.00000000 1.~~05159080~~04862431 ~~996~~995.~~88328164~~83465733 0.~~99688328~~99583466 1.~~05159080~~04862431 B-3 0.00000000 1.~~05159350~~04862602 ~~996~~995.~~88328455~~83465854 0.~~99688328~~99583466 1.~~05159350~~04862602 B-4 0.00000000 1.~~05159350~~04863415 ~~996~~995.~~88328455~~83465041 0.~~99688328~~99583465 1.~~05159350~~04863415 B-5 0.00000000 1.~~05159350~~04863415 ~~996~~995.~~88328455~~83465041 0.~~99688328~~99583465 1.~~05159350~~04863415 B-6 0.00000000 1.~~05159199~~04862917 ~~996~~995.~~88328741~~83465824 0.~~99688329~~99583466 1.~~05159199~~04862917 P 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 297,909,000.00 5.~~01142~~00031% ~~276~~260,~~300~~002,~~244~~238.3887 1,~~153~~083,~~881~~408.2990 0.00 0.00 A-R 100.00 5.~~04795~~03613% 0.00 0.00 0.00 0.00 B-1 4,613,000.00 5.~~01142~~00031% 4,~~603~~598,~~473~~622.5859 19,~~224~~162.9610 0.00 0.00 B-2 1,999,000.00 5.~~01142~~00031% 1,~~994~~992,~~871~~769.8268 8,~~330~~303.9671 0.00 0.00 B-3 1,230,000.00 5.~~01142~~00031% 1,~~227~~226,~~459~~166.9044 5,~~126~~109.1034 0.00 0.00 B-4 615,000.00 5.~~01142~~00031% 613,~~729~~083.9522 2,~~563~~554.0567 0.00 0.00 B-5 615,000.00 5.~~01142~~00031% 613,~~729~~083.9522 2,~~563~~554.0567 0.00 0.00 B-6 617,654.00 5.~~01142~~00031% ~~616~~615,~~378~~728.4795 2,~~574~~565.1169 0.00 0.00 P 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 307,598,754.00 1,~~194~~123,~~263~~659.5208 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 0.00 0.00 1,~~153~~083,~~881~~408.2990 0.00 ~~260~~241,~~002~~421,~~238~~363.8700 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 19,~~224~~162.9610 0.00 4,~~598~~593,~~622~~785.5928 B-2 0.00 0.00 8,~~330~~303.9671 0.00 1,~~992~~990,~~769~~673.6848 B-3 0.00 0.00 5,~~126~~109.1034 0.00 1,~~226~~224,~~166~~876.4463 B-4 0.00 0.00 2,~~563~~554.0567 0.00 ~~613~~612,~~083~~438.2231 B-5 0.00 0.00 2,~~563~~554.0567 0.00 ~~613~~612,~~083~~438.2231 B-6 0.00 0.00 2,~~574~~565.1169 0.00 615,~~728~~081.9526 P 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,~~194~~123,~~263~~659.5208 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 297,909,000.00 5.~~01142~~00031% ~~927~~872.~~46524737~~75724758 3.~~87326764~~63671087 0.00000000 0.00000000 A-R 100.00 5.~~04795~~03613% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 4,613,000.00 5.~~01142~~00031% ~~997~~996.~~93487535~~88328420 4.~~16756124~~15393453 0.00000000 0.00000000 B-2 1,999,000.00 5.~~01142~~00031% ~~997~~996.~~93487744~~88328164 4.~~16756378~~15393197 0.00000000 0.00000000 B-3 1,230,000.00 5.~~01142~~00031% ~~997~~996.~~93487805~~88328455 4.~~16756098~~15393496 0.00000000 0.00000000 B-4 615,000.00 5.~~01142~~00031% ~~997~~996.~~93487805~~88328455 4.~~16756098~~15393496 0.00000000 0.00000000 B-5 615,000.00 5.~~01142~~00031% ~~997~~996.~~93487805~~88328455 4.~~16756098~~15393496 0.00000000 0.00000000 B-6 617,654.00 5.~~01142~~00031% ~~997~~996.~~93487940~~88328741 4.~~16755983~~15392760 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 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 0.00000000 0.00000000 3.~~87326764~~63671087 0.00000000 ~~872~~810.~~75724758~~38626896 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 4.~~16756124~~15393453 0.00000000 ~~996~~995.~~88328420~~83465857 B-2 0.00000000 0.00000000 4.~~16756378~~15393197 0.00000000 ~~996~~995.~~88328164~~83465733 B-3 0.00000000 0.00000000 4.~~16756098~~15393496 0.00000000 ~~996~~995.~~88328455~~83465854 B-4 0.00000000 0.00000000 4.~~16756098~~15393496 0.00000000 ~~996~~995.~~88328455~~83465041 B-5 0.00000000 0.00000000 4.~~16756098~~15393496 0.00000000 ~~996~~995.~~88328455~~83465041 B-6 0.00000000 0.00000000 4.~~16755983~~15392760 0.00000000 ~~996~~995.~~88328741~~83465824 P 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 1719,~~603~~745,~~358~~635.6891 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 4229,~~457~~171.8797 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1719,~~645~~774,~~816~~807.5588 Withdrawals Reimbursement for Servicer Advances ~~79,610~~0.5100 Payment of Service Fee 6360,~~747~~112.4510 Payment of Interest and Principal 1719,~~502~~714,~~458~~695.5978 Total Withdrawals (Pool Distribution Amount) 1719,~~645~~774,~~816~~807.5588 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 5956,~~577~~179.0653 Master Servicing Fee 43,~~170~~932.3957 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 6360,~~747~~112.4510

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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2012 0 0 0 2012 75,~~049~~018,~~603~~633.4564 0.00 0.00 0.00 75,~~049~~018,~~603~~633.4564 60 Days 41 0 0 0 41 2143,~~396,280~~311.7283 0.00 0.00 0.00 2143,~~396,280~~311.7283 90 Days 01 0 0 0 01 0935,832.0013 0.00 0.00 0.00 0935,832.0013 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 2414 0 0 0 2414 96,~~445~~097,~~884~~777.1760 0.00 0.00 0.00 96,~~445~~097,~~884~~777.1760 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 21.~~801120~~788376% 0.000000% 0.000000% 0.000000% 21.~~801120~~788376% 21.~~612017~~997270% 0.000000% 0.000000% 0.000000% 21.~~612017~~997270% 60 Days 0.~~560224~~149031% 0.000000% 0.000000% 0.000000% 0.~~560224~~149031% 0.~~887869~~057034% 0.000000% 0.000000% 0.000000% 0.~~887869~~057034% 90 Days 0.~~000000~~149031% 0.000000% 0.000000% 0.000000% 0.~~000000~~149031% 0.~~000000~~372434% 0.000000% 0.000000% 0.000000% 0.~~000000~~372434% 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 32.~~361345~~086438% 0.000000% 0.000000% 0.000000% 32.~~361345~~086438% 32.~~499887~~426738% 0.000000% 0.000000% 0.000000% 32.~~499887~~426738%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 4229,~~457~~171.8797

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.03250988% 100,000.00 0.~~03708350~~03982943% Fraud 3,098,326.00 1.00726221% 3,098,326.00 1.~~14896779~~23404544% Special Hazard 3,438,364.00 1.11780817% 3,~~428~~391,~~987~~622.0626 1.~~27158849~~35086366% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~278924~~267806% Weighted Average Net Coupon 5.~~028924~~017806% Weighted Average Pass-Through Rate 5.~~011424~~000306% Weighted Average Maturity(Stepdown Calculation ) ~~353~~352 Beginning Scheduled Collateral Loan Count ~~751~~714 Number Of Loans Paid In Full 3743 Ending Scheduled Collateral Loan Count ~~714~~671 Beginning Scheduled Collateral Balance ~~285~~269,~~969~~661,~~888~~693.9891 Ending Scheduled Collateral Balance ~~269~~251,~~661~~070,~~693~~657.9121 Ending Actual Collateral Balance at 3031-~~Jun~~Jul-2003 ~~269~~251,~~891~~274,~~148~~696.4171 Monthly P &I Constant 1,~~559~~467,~~356~~429.7465 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~269~~251,~~661~~070,~~693~~657.9121 Scheduled Principal ~~301~~283,~~345~~658.7647 Unscheduled Principal 1618,~~006~~307,~~849~~378.3123

Miscellaneous Reporting Senior Percentage 96.~~618649~~417936% Senior Prepayment Percentage 100.000000% Subordinate Percentage 3.~~381351~~582064% Subordinate Prepayment Percentage 0.000000% Available Funds 1719,~~502~~714,~~458~~695.6079 One-Year CMT Indexed Mortgage Loans ~~136~~127,~~297~~744,~~610~~937.1368 Six-Month LIBOR Index 4544,~~807~~637,~~181~~237.7524 One-Year LIBOR Index 8778,~~556~~688,~~902~~482.0329

Filing Compare · HARBORVIEW MORTGAGE LOAN TRUST 2003 1