8-K 1 hbv03001.txt SEPTEMBER 8K 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): September 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 54-2120414 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 September 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 September 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: 9/22/03 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 September 19, 2003 distribution.

Harborview Greenwich Capital Markets, Inc Mortgage ~~Loan~~ Pass-Through Certificates Record Date: 79/312/03 Distribution Date: 89/19/03 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 54.~~00031~~96746% ~~260~~241,~~002~~421,~~238~~363.8700 1999,~~083,408~~375.9025 1815,~~580~~747,~~875~~831.8751 A-R 41161PBN2 SEN 5.~~03613~~03536% 0.00 0.00 0.00 B-1 41161PBP7 SUB 54.~~00031~~96746% 4,~~598~~593,~~622~~785.5928 19,~~162~~016.1019 4,~~837~~846.3127 B-2 41161PBQ5 SUB 54.~~00031~~96746% 1,~~992~~990,~~769~~673.6848 8,~~303~~240.7149 2,~~096~~100.2009 B-3 41161PBR3 SUB 54.~~00031~~96746% 1,~~226~~224,~~166~~876.4463 5,~~109~~070.3444 1,~~289~~292.8120 B-4 41161PBS1 SUB 54.~~00031~~96746% ~~613~~612,~~083~~438.2231 2,~~554~~535.6722 ~~644~~646.9110 B-5 41161PBT9 SUB 54.~~00031~~96746% ~~613~~612,~~083~~438.2231 2,~~554~~535.6722 ~~644~~646.9110 B-6 41161PBU6 SUB 54.~~00031~~96746% 615,~~728~~081.9526 2,~~565~~546.6916 ~~647~~648.6989 P HBV03001P 0.00000% 0.00 0.00 0.00 Totals ~~269~~251,~~661~~070,~~692~~656.9727 1,~~123~~039,~~659~~318.0897 1815,~~591~~758,~~036~~011.7016

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~241~~225,~~421~~673,~~363~~531.0049 1916,~~664~~747,~~284~~206.7776 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 4,~~593~~588,~~785~~939.2801 23,~~999~~862.4146 0.00 B-2 0.00 1,~~990~~988,~~673~~573.4839 10,~~399~~340.9158 0.00 B-3 0.00 1,~~224~~223,~~876~~584.6343 6,~~399~~362.1564 0.00 B-4 0.00 ~~612~~611,~~438~~792.3122 3,~~199~~181.5832 0.00 B-5 0.00 ~~612~~611,~~438~~792.3122 3,~~199~~181.5832 0.00 B-6 0.00 ~~615~~614,~~081~~432.2637 3,~~213~~195.3805 0.00 P 0.00 0.00 0.00 0.00 Totals 0.00 ~~251~~235,~~070~~312,~~656~~645.2713 1916,~~714~~797,~~695~~330.7813 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 ~~260~~241,~~002~~421,~~238~~363.8700 ~~273~~254,~~497~~690.6441 1815,~~307~~493,~~378~~141.2310 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,~~598~~593,~~622~~785.5928 4,~~837~~846.3127 0.00 0.00 0.00 B-2 1,999,000.00 1,~~992~~990,~~769~~673.6848 2,~~096~~100.2009 0.00 0.00 0.00 B-3 1,230,000.00 1,~~226~~224,~~166~~876.4463 1,~~289~~292.8120 0.00 0.00 0.00 B-4 615,000.00 ~~613~~612,~~083~~438.2231 ~~644~~646.9110 0.00 0.00 0.00 B-5 615,000.00 ~~613~~612,~~083~~438.2231 ~~644~~646.9110 0.00 0.00 0.00 B-6 617,654.00 615,~~728~~081.9526 ~~647~~648.6989 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 Totals 307,598,754.00 ~~269~~251,~~661~~070,~~692~~656.9727 ~~283~~264,~~658~~870.4706 1815,~~307~~493,~~378~~141.2310 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 1815,~~580~~747,~~875~~831.8751 ~~241~~225,~~421~~673,~~363~~531.0049 0.~~81038627~~75752505 1815,~~580~~747,~~875~~831.8751 A-R 0.00 0.00 0.00000000 0.00 B-1 4,~~837~~846.3127 4,~~593~~588,~~785~~939.2801 0.~~99583466~~99478409 4,~~837~~846.3127 B-2 2,~~096~~100.2009 1,~~990~~988,~~673~~573.4839 0.~~99583466~~99478409 2,~~096~~100.2009 B-3 1,~~289~~292.8120 1,~~224~~223,~~876~~584.6343 0.~~99583466~~99478409 1,~~289~~292.8120 B-4 ~~644~~646.9110 ~~612~~611,~~438~~792.3122 0.~~99583465~~99478410 ~~644~~646.9110 B-5 ~~644~~646.9110 ~~612~~611,~~438~~792.3122 0.~~99583465~~99478410 ~~644~~646.9110 B-6 ~~647~~648.6989 ~~615~~614,~~081~~432.2637 0.~~99583466~~99478409 ~~647~~648.6989 P 0.00 0.00 0.00000000 0.00 Totals 1815,~~591~~758,~~036~~011.7016 ~~251~~235,~~070~~312,~~656~~645.2713 0.~~81622781~~76499869 1815,~~591~~758,~~036~~011.7016

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 297,909,000.00 ~~872~~810.~~75724758~~38626896 0.~~91805766~~85492687 6152.~~45292096~~00628749 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 4,613,000.00 ~~996~~995.~~88328420~~83465857 1.~~04862562~~05056796 0.00000000 0.00000000 B-2 1,999,000.00 ~~996~~995.~~88328164~~83465733 1.~~04862431~~05057029 0.00000000 0.00000000 B-3 1,230,000.00 ~~996~~995.~~88328455~~83465854 1.~~04862602~~05056911 0.00000000 0.00000000 B-4 615,000.00 ~~996~~995.~~88328455~~83465041 1.~~04863415~~05056911 0.00000000 0.00000000 B-5 615,000.00 ~~996~~995.~~88328455~~83465041 1.~~04863415~~05056911 0.00000000 0.00000000 B-6 617,654.00 ~~996~~995.~~88328741~~83465824 1.~~04862917~~05057200 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 6252.~~37097862~~86121436 ~~810~~757.~~38626896~~52505460 0.~~81038627~~75752505 6252.~~37097862~~86121436 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.~~04862562~~05056796 ~~995~~994.~~83465857~~78409061 0.~~99583466~~99478409 1.~~04862562~~05056796 B-2 0.00000000 1.~~04862431~~05057029 ~~995~~994.~~83465733~~78408704 0.~~99583466~~99478409 1.~~04862431~~05057029 B-3 0.00000000 1.~~04862602~~05056911 ~~995~~994.~~83465854~~78408943 0.~~99583466~~99478409 1.~~04862602~~05056911 B-4 0.00000000 1.~~04863415~~05056911 ~~995~~994.~~83465041~~78409756 0.~~99583465~~99478410 1.~~04863415~~05056911 B-5 0.00000000 1.~~04863415~~05056911 ~~995~~994.~~83465041~~78409756 0.~~99583465~~99478410 1.~~04863415~~05056911 B-6 0.00000000 1.~~04862917~~05057200 ~~995~~994.~~83465824~~78408624 0.~~99583466~~99478409 1.~~04862917~~05057200 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 54.~~00031~~96746% ~~260~~241,~~002~~421,~~238~~363.8700 1999,~~083,408~~375.9025 0.00 0.00 A-R 100.00 5.~~03613~~03536% 0.00 0.00 0.00 0.00 B-1 4,613,000.00 54.~~00031~~96746% 4,~~598~~593,~~622~~785.5928 19,~~162~~016.1019 0.00 0.00 B-2 1,999,000.00 54.~~00031~~96746% 1,~~992~~990,~~769~~673.6848 8,~~303~~240.7149 0.00 0.00 B-3 1,230,000.00 54.~~00031~~96746% 1,~~226~~224,~~166~~876.4463 5,~~109~~070.3444 0.00 0.00 B-4 615,000.00 54.~~00031~~96746% ~~613~~612,~~083~~438.2231 2,~~554~~535.6722 0.00 0.00 B-5 615,000.00 54.~~00031~~96746% ~~613~~612,~~083~~438.2231 2,~~554~~535.6722 0.00 0.00 B-6 617,654.00 54.~~00031~~96746% 615,~~728~~081.9526 2,~~565~~546.6916 0.00 0.00 P 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 307,598,754.00 1,~~123~~039,~~659~~318.0897 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 1999,~~083,408~~375.9025 0.00 ~~241~~225,~~421~~673,~~363~~531.0049 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 19,~~162~~016.1019 0.00 4,~~593~~588,~~785~~939.2801 B-2 0.00 0.00 8,~~303~~240.7149 0.00 1,~~990~~988,~~673~~573.4839 B-3 0.00 0.00 5,~~109~~070.3444 0.00 1,~~224~~223,~~876~~584.6343 B-4 0.00 0.00 2,~~554~~535.6722 0.00 ~~612~~611,~~438~~792.3122 B-5 0.00 0.00 2,~~554~~535.6722 0.00 ~~612~~611,~~438~~792.3122 B-6 0.00 0.00 2,~~565~~546.6916 0.00 ~~615~~614,~~081~~432.2637 P 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,~~123~~039,~~659~~318.0897 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 54.~~00031~~96746% ~~872~~810.~~75724758~~38626896 3.~~63671087~~35463262 0.00000000 0.00000000 A-R 100.00 5.~~03613~~03536% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 4,613,000.00 54.~~00031~~96746% ~~996~~995.~~88328420~~83465857 4.~~15393453~~12230436 0.00000000 0.00000000 B-2 1,999,000.00 54.~~00031~~96746% ~~996~~995.~~88328164~~83465733 4.~~15393197~~12230615 0.00000000 0.00000000 B-3 1,230,000.00 54.~~00031~~96746% ~~996~~995.~~88328455~~83465854 4.~~15393496~~12230894 0.00000000 0.00000000 B-4 615,000.00 54.~~00031~~96746% ~~996~~995.~~88328455~~83465041 4.~~15393496~~12230894 0.00000000 0.00000000 B-5 615,000.00 54.~~00031~~96746% ~~996~~995.~~88328455~~83465041 4.~~15393496~~12230894 0.00000000 0.00000000 B-6 617,654.00 54.~~00031~~96746% ~~996~~995.~~88328741~~83465824 4.~~15392760~~12230796 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.~~63671087~~35463262 0.00000000 ~~810~~757.~~38626896~~52505460 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 4.~~15393453~~12230436 0.00000000 ~~995~~994.~~83465857~~78409061 B-2 0.00000000 0.00000000 4.~~15393197~~12230615 0.00000000 ~~995~~994.~~83465733~~78408704 B-3 0.00000000 0.00000000 4.~~15393496~~12230894 0.00000000 ~~995~~994.~~83465854~~78408943 B-4 0.00000000 0.00000000 4.~~15393496~~12230894 0.00000000 ~~995~~994.~~83465041~~78409756 B-5 0.00000000 0.00000000 4.~~15393496~~12230894 0.00000000 ~~995~~994.~~83465041~~78409756 B-6 0.00000000 0.00000000 4.~~15392760~~12230796 0.00000000 ~~995~~994.~~83465824~~78408624 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 1916,~~745~~843,~~635~~541.9185 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 299,~~171~~756.9708 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1916,~~774~~853,~~807~~297.8893 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 6055,~~112~~967.1080 Payment of Interest and Principal 1916,~~714~~797,~~695~~330.7813 Total Withdrawals (Pool Distribution Amount) 1916,~~774~~853,~~807~~297.8893 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 5652,~~179~~306.5336 Master Servicing Fee 3,~~932~~661.5744 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 6055,~~112~~967.1080

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 02 0 0 02 0748,487.0036 0.00 0.00 0748,487.0036 30 Days 127 0 0 0 127 52,~~018~~055,~~633~~622.6463 0.00 0.00 0.00 52,~~018~~055,~~633~~622.6463 60 Days 10 0 0 0 10 ~~143,311~~0.8300 0.00 0.00 0.00 ~~143,311~~0.8300 90 Days 10 0 0 0 10 ~~935,832~~0.1300 0.00 0.00 0.00 ~~935,832~~0.1300 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 147 02 0 0 149 62,~~097~~055,~~777~~622.6063 0748,487.0036 0.00 0.00 62,~~097~~804,~~777~~109.6099 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~~314961% 0.000000% 0.000000% 0.~~000000~~314961% 0.~~000000~~317818% 0.000000% 0.000000% 0.~~000000~~317818% 30 Days 1.~~788376~~102362% 0.000000% 0.000000% 0.000000% 1.~~788376~~102362% 10.~~997270~~872846% 0.000000% 0.000000% 0.000000% 10.~~997270~~872846% 60 Days 0.~~149031~~000000% 0.000000% 0.000000% 0.000000% 0.~~149031~~000000% 0.~~057034~~000000% 0.000000% 0.000000% 0.000000% 0.~~057034~~000000% 90 Days 0.~~149031~~000000% 0.000000% 0.000000% 0.000000% 0.~~149031~~000000% 0.~~372434~~000000% 0.000000% 0.000000% 0.000000% 0.~~372434~~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 21.~~086438~~102362% 0.~~000000~~314961% 0.000000% 0.000000% 21.~~086438~~417323% 20.~~426738~~872846% 0.~~000000~~317818% 0.000000% 0.000000% 21.~~426738~~190665%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 299,~~171~~756.9708

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.03250988% 100,000.00 0.~~03982943~~04249665% Fraud 3,098,326.00 1.00726221% 3,098,326.00 1.~~23404544~~31668487% Special Hazard 3,438,364.00 1.11780817% 3,~~391~~386,~~622~~233.2612 1.~~35086366~~43903576% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~267806~~234957% Weighted Average Net Coupon 54.~~017806~~984957% Weighted Average Pass-Through Rate 54.~~000306~~967457% Weighted Average Maturity(Stepdown Calculation ) 352 Beginning Scheduled Collateral Loan Count ~~714~~671 Number Of Loans Paid In Full 4336 Ending Scheduled Collateral Loan Count ~~671~~635 Beginning Scheduled Collateral Balance ~~269~~251,~~661~~070,~~693~~657.9121 Ending Scheduled Collateral Balance ~~251~~235,~~070~~312,~~657~~646.2106 Ending Actual Collateral Balance at 3102-~~Jul~~Sep-2003 ~~251~~235,~~274~~507,~~696~~982.7119 Monthly P &I Constant 1,~~467~~360,~~429~~156.6585 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 ~~251~~235,~~070~~312,~~657~~646.2106 Scheduled Principal ~~283~~264,~~658~~870.4705 Unscheduled Principal 1815,~~307~~493,~~378~~141.2310

Miscellaneous Reporting Senior Percentage 96.~~417936~~156742% Senior Prepayment Percentage 100.000000% Subordinate Percentage 3.~~582064~~843258% Subordinate Prepayment Percentage 0.000000% Available Funds 1916,~~714~~797,~~695~~330.7911 One-Year CMT ~~Indexed Mortgage~~ Loans ~~127~~124,~~744~~823,~~937~~732.6867 Six-Month LIBOR ~~Index~~Loans 4442,~~637~~991,~~237~~741.24 One-Year LIBOR ~~Index~~Loans 7867,~~688~~497,~~482~~172.2915

Filing Compare · HARBORVIEW MORTGAGE LOAN TRUST 2003 1