8-K 1 ace03tc1.txt SEPTEMBER 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): September 25, 2003 ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset-Backed Pass-Through Certs., Series 2003-TC1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-45458-09 54-2121770 Pooling and Servicing Agreement) (Commission 54-2121771 (State or other File Number) IRS EIN 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 25, 2003 a distribution was made to holders of ACE SECURITIES CORP., HOME EQUITY LOAN TRUST.Asset-Backed Pass-Through Certs., Series 2003-TC1 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 Pass-Through Certs., Series 2003-TC1 Trust, relating to the September 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. ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset-Backed Pass-Through Certs., Series 2003-TC1 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: 9/25/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset- Backed Pass-Through Certs., Series 2003-TC1 Trust, relating to the September 25, 2003 distribution. EX-99.1

ACE Securities ~~Corp.~~Corporation ~~Home Equity Loan Trust~~ Asset -Backed Pass-Through Certificates, ~~Series 2003-TC1~~ Record Date: 78/31/03 Distribution Date: 89/25/03 ACE Series: 2003-TC1 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 004421BX0 SEN 1.42000% ~~209~~205,~~312~~005,~~000~~045.0054 ~~338~~250,~~504~~675.0261 47,~~306~~713,~~954~~849.4653 A-2 004421BY8 SEN 1.50000% 5958,~~017~~294,~~000~~320.0083 ~~100~~75,~~820~~296.7183 ~~722~~1,~~679~~542,169.1714 M-1 004421BZ5 MEZ 1.86000% 11,860,000.00 2518,~~123~~995.4377 0.00 M-2 004421CA9 MEZ 3.06000% 9,636,000.00 3325,~~581~~390.4686 0.00 M-3 004421CB7 MEZ 3.71000% 2,965,000.00 129,~~527~~472.9535 0.00 M-4 004421CC5 MEZ 4.86000% 2,223,000.00 129,~~304~~303.3126 0.00 CE ACE03TCCE SUB 0.00000% 1,482,~~143~~144.5200 1,~~007~~113,~~287~~105.4106 0.00 P ACE03TC1P SEN 0.00000% 100.00 ~~130~~292,~~708~~508.7515 0.00 Totals ~~296~~291,~~495~~465,~~243~~610.5237 1,~~660~~794,~~858~~747.0489 59,~~029~~256,~~633~~018.6367

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~205~~197,~~005~~291,~~045~~196.5401 47,~~645~~964,~~458~~525.4814 0.00 A-2 0.00 5856,~~294~~752,~~320~~151.8369 ~~823~~1,~~499~~617,465.8897 0.00 M-1 0.00 11,860,000.00 2518,~~123~~995.4377 0.00 M-2 0.00 9,636,000.00 3325,~~581~~390.4686 0.00 M-3 0.00 2,965,000.00 129,~~527~~472.9535 0.00 M-4 0.00 2,223,000.00 129,~~304~~303.3126 0.00 CE 0.00 1,482,144.00 1,~~007~~113,~~287~~105.4106 0.00 P 0.00 100.00 ~~130~~292,~~708~~508.7515 0.00 Totals 0.00 ~~291~~282,~~465~~209,~~610~~591.3770 611,~~690~~050,~~491~~766.6756 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-1 209,312,000.00 ~~209~~205,~~312~~005,~~000~~045.0054 0.00 47,~~306~~713,~~954~~849.4653 0.00 0.00 A-2 59,017,000.00 5958,~~017~~294,~~000~~320.0083 0.00 ~~722~~1,~~679~~542,169.1714 0.00 0.00 M-1 11,860,000.00 11,860,000.00 0.00 0.00 0.00 0.00 M-2 9,636,000.00 9,636,000.00 0.00 0.00 0.00 0.00 M-3 2,965,000.00 2,965,000.00 0.00 0.00 0.00 0.00 M-4 2,223,000.00 2,223,000.00 0.00 0.00 0.00 0.00 CE 1,482,143.52 1,482,~~143~~144.5200 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 296,495,243.52 ~~296~~291,~~495~~465,~~243~~610.5237 0.00 59,~~029~~256,~~633~~018.6367 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 47,~~306~~713,~~954~~849.4653 ~~205~~197,~~005~~291,~~045~~196.5401 0.~~97942328~~94256992 47,~~306~~713,~~954~~849.4653 A-2 ~~722~~1,~~679~~542,169.1714 5856,~~294~~752,~~320~~151.8369 0.~~98775473~~96162380 ~~722~~1,~~679~~542,169.1714 M-1 0.00 11,860,000.00 1.00000000 0.00 M-2 0.00 9,636,000.00 1.00000000 0.00 M-3 0.00 2,965,000.00 1.00000000 0.00 M-4 0.00 2,223,000.00 1.00000000 0.00 CE 0.00 1,482,144.00 1.00000032 0.00 P 0.00 100.00 1.00000000 0.00 Totals 59,~~029~~256,~~633~~018.6367 ~~291~~282,~~465~~209,~~610~~591.3770 0.~~98303638~~95181828 59,~~029~~256,~~633~~018.6367

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 209,312,000.00 ~~1000~~979.~~00000000~~42327979 0.00000000 2036.~~57672021~~85335542 0.00000000 A-2 59,017,000.00 ~~1000~~987.~~00000000~~75472881 0.00000000 1226.~~24527119~~13093075 0.00000000 M-1 11,860,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 9,636,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 2,965,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 2,223,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 1,482,143.52 1000.~~00000000~~00032386 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 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 2036.~~57672021~~85335542 ~~979~~942.~~42327979~~56992437 0.~~97942328~~94256992 2036.~~57672021~~85335542 A-2 0.00000000 1226.~~24527119~~13093075 ~~987~~961.~~75472881~~62379806 0.~~98775473~~96162380 1226.~~24527119~~13093075 M-1 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 CE 0.00000000 0.00000000 1,000.00032386 1.00000032 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 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-1 209,312,000.00 1.42000% ~~209~~205,~~312~~005,~~000~~045.0054 ~~338~~250,~~504~~675.0261 0.00 0.00 A-2 59,017,000.00 1.50000% 5958,~~017~~294,~~000~~320.0083 ~~100~~75,~~820~~296.7183 0.00 0.00 M-1 11,860,000.00 1.86000% 11,860,000.00 2518,~~123~~995.4377 0.00 0.00 M-2 9,636,000.00 3.06000% 9,636,000.00 3325,~~581~~390.4686 0.00 0.00 M-3 2,965,000.00 3.71000% 2,965,000.00 129,~~527~~472.9535 0.00 0.00 M-4 2,223,000.00 4.86000% 2,223,000.00 129,~~304~~303.3126 0.00 0.00 CE 1,482,143.52 0.00000% 1,482,~~143~~144.5200 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 296,495,243.52 ~~522~~389,~~861~~134.8868 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 ~~338~~250,~~504~~675.0261 0.00 ~~205~~197,~~005~~291,~~045~~196.5401 A-2 0.00 0.00 ~~100~~75,~~820~~296.7183 0.00 5856,~~294~~752,~~320~~151.8369 M-1 0.00 0.00 2518,~~123~~995.4377 0.00 11,860,000.00 M-2 0.00 0.00 3325,~~581~~390.4686 0.00 9,636,000.00 M-3 0.00 0.00 129,~~527~~472.9535 0.00 2,965,000.00 M-4 0.00 0.00 129,~~304~~303.3126 0.00 2,223,000.00 CE 0.00 0.00 1,~~007~~113,~~287~~105.4106 0.00 1,482,144.00 P 0.00 0.00 ~~130~~292,~~708~~508.7515 0.00 100.00 Totals 0.00 0.00 1,~~660~~794,~~858~~747.0489 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-1 209,312,000.00 1.42000% ~~1000~~979.~~00000000~~42327979 1.~~61722223~~19761700 0.00000000 0.00000000 A-2 59,017,000.00 1.50000% ~~1000~~987.~~00000000~~75472881 1.~~70833336~~27584984 0.00000000 0.00000000 M-1 11,860,000.00 1.86000% 1000.00000000 21.~~11833305~~60166695 0.00000000 0.00000000 M-2 9,636,000.00 3.06000% 1000.00000000 32.~~48500000~~63500000 0.00000000 0.00000000 M-3 2,965,000.00 3.71000% 1000.00000000 43.~~22527825~~19472175 0.00000000 0.00000000 M-4 2,223,000.00 4.86000% 1000.00000000 54.~~53500225~~18500225 0.00000000 0.00000000 CE 1,482,143.52 0.00000% 1000.~~00000000~~00032386 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 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.~~61722223~~19761700 0.00000000 ~~979~~942.~~42327979~~56992437 A-2 0.00000000 0.00000000 1.~~70833336~~27584984 0.00000000 ~~987~~961.~~75472881~~62379806 M-1 0.00000000 0.00000000 21.~~11833305~~60166695 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 32.~~48500000~~63500000 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 43.~~22527825~~19472175 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 54.~~53500225~~18500225 0.00000000 1000.00000000 CE 0.00000000 0.00000000 ~~679~~751.~~61529798~~01030702 0.00000000 1000.00032386 P 0.00000000 0.00000000 ~~1307087~~2925081.50000000 0.00000000 1000.00000000 (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 611,~~932~~144,~~488~~615.0191 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 4263,~~021~~449.6310 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties ~~130~~292,~~708~~508.7515 Total Deposits 711,~~105~~500,~~218~~573.3916 Withdrawals Reimbursement for Servicer Advances 042,021.0063 Payment of Service Fee ~~414~~407,~~726~~784.7297 Payment of Interest and Principal 611,~~690~~050,~~491~~766.6756 Total Withdrawals (Pool Distribution Amount) 711,~~105~~500,~~218~~573.3916 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~123~~121,~~539~~444.6801 Credit Risk Manager Fee - Murrayhill 3,~~706~~643.2132 Master Servicing Fee - Wells Fargo 6,~~176~~072.9917 MGIC ~~281~~276,~~303~~625.8447 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~414~~407,~~726~~784.7297

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 ~~831~~0.8700 ~~831~~0.8700 1,000.00

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 3235 0 0 0 3235 45,~~578~~307,~~502~~143.0313 0.00 0.00 0.00 45,~~578~~307,~~502~~143.0313 60 Days 616 0 0 0 616 ~~789~~2,~~376~~542,989.3096 0.00 0.00 0.00 ~~789~~2,~~376~~542,989.3096 90 Days 04 0 0 0 04 0430,662.0094 0.00 0.00 0.00 0430,662.0094 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 3855 0 0 0 3855 58,~~367~~280,~~878~~796.3303 0.00 0.00 0.00 58,~~367~~280,~~878~~796.3303 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 12.~~843318~~078385% 0.000000% 0.000000% 0.000000% 12.~~843318~~078385% 1.~~569658~~878983% 0.000000% 0.000000% 0.000000% 1.~~569658~~878983% 60 Days 0.~~345622~~950119% 0.000000% 0.000000% 0.000000% 0.~~345622~~950119% 0.~~270624~~900340% 0.000000% 0.000000% 0.000000% 0.~~270624~~900340% 90 Days 0.~~000000~~237530% 0.000000% 0.000000% 0.000000% 0.~~000000~~237530% 0.~~000000~~152475% 0.000000% 0.000000% 0.000000% 0.~~000000~~152475% 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 23.~~188940~~266033% 0.000000% 0.000000% 0.000000% 23.~~188940~~266033% 12.~~840282~~931799% 0.000000% 0.000000% 0.000000% 12.~~840282~~931799%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total GRP I, Sub Grp 1 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 13 0 0 0 13 58427,~~893~~348.1255 0.00 0.00 0.00 58427,~~893~~348.1255 60 Days 41 0 0 0 41 ~~430~~58,~~662~~893.9412 0.00 0.00 0.00 ~~430~~58,~~662~~893.9412 90 Days 04 0 0 0 04 0430,662.0094 0.00 0.00 0.00 0430,662.0094 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 58 0 0 0 58 ~~489~~916,~~556~~904.0661 0.00 0.00 0.00 ~~489~~916,~~556~~904.0661 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~265252~~815217% 0.000000% 0.000000% 0.000000% 0.~~265252~~815217% 0.~~105326~~789610% 0.000000% 0.000000% 0.000000% 0.~~105326~~789610% 60 Days 10.~~061008~~271739% 0.000000% 0.000000% 0.000000% 10.~~061008~~271739% 0.~~770206~~108817% 0.000000% 0.000000% 0.000000% 0.~~770206~~108817% 90 Days 01.~~000000~~086957% 0.000000% 0.000000% 0.000000% 01.~~000000~~086957% 0.~~000000~~795734% 0.000000% 0.000000% 0.000000% 0.~~000000~~795734% 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 12.~~326260~~173913% 0.000000% 0.000000% 0.000000% 12.~~326260~~173913% 01.~~875531~~694160% 0.000000% 0.000000% 0.000000% 01.~~875531~~694160% DELINQUENT BANKRUPTCY FORECLOSURE REO Total GRP I, Sub Grp 2 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 3028 0 0 0 3028 4,~~474~~254,~~158~~038.0597 0.00 0.00 0.00 4,~~474~~254,~~158~~038.0597 60 Days 215 0 0 0 215 ~~358~~2,~~713~~484,096.3684 0.00 0.00 0.00 ~~358~~2,~~713~~484,096.3684 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 3243 0 0 0 3243 46,~~832~~738,~~871~~135.4181 0.00 0.00 0.00 46,~~832~~738,~~871~~135.4181 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.~~757353~~661597% 0.000000% 0.000000% 0.000000% 2.~~757353~~661597% 2.~~612922~~573155% 0.000000% 0.000000% 0.000000% 2.~~612922~~573155% 60 Days 01.~~183824~~425856% 0.000000% 0.000000% 0.000000% 01.~~183824~~425856% 01.~~209490~~502564% 0.000000% 0.000000% 0.000000% 01.~~209490~~502564% 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 24.~~941176~~087452% 0.000000% 0.000000% 0.000000% 24.~~941176~~087452% 24.~~822412~~075718% 0.000000% 0.000000% 0.000000% 24.~~822412~~075718% DELINQUENT BANKRUPTCY FORECLOSURE REO Total GRP I I, Sub Grp 1 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 13 0 0 0 13 45271,~~450~~179.8603 0.00 0.00 0.00 45271,~~450~~179.8603 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 13 0 0 0 13 45271,~~450~~179.8603 0.00 0.00 0.00 45271,~~450~~179.8603 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~476190~~470588% 0.000000% 0.000000% 0.000000% 01.~~476190~~470588% 0.~~111751~~686900% 0.000000% 0.000000% 0.000000% 0.~~111751~~686900% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 01.~~476190~~470588% 0.000000% 0.000000% 0.000000% 01.~~476190~~470588% 0.~~111751~~686900% 0.000000% 0.000000% 0.000000% 0.~~111751~~686900% DELINQUENT BANKRUPTCY FORECLOSURE REO Total GRP I I, Sub Grp 2 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 01 0 0 0 01 0354,576.0058 0.00 0.00 0.00 0354,576.0058 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 01 0 0 0 01 0354,576.0058 0.00 0.00 0.00 0354,576.0058 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~000000~~666667% 0.000000% 0.000000% 0.000000% 01.~~000000~~666667% 01.~~000000~~507322% 0.000000% 0.000000% 0.000000% 01.~~000000~~507322% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 01.~~000000~~666667% 0.000000% 0.000000% 0.000000% 01.~~000000~~666667% 01.~~000000~~507322% 0.000000% 0.000000% 0.000000% 01.~~000000~~507322%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 4263,~~021~~449.6310

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.~~871464~~863808% Weighted Average Net Coupon 7.~~371464~~363808% Weighted Average Pass-Through Rate 6.~~192948~~184907% Weighted Average Maturity(Stepdown Calculation ) ~~348~~347 Beginning Scheduled Collateral Loan Count 1,~~764~~736 Number Of Loans Paid In Full 2852 Ending Scheduled Collateral Loan Count 1,~~736~~684 Beginning Scheduled Collateral Balance ~~296~~291,~~495~~465,~~243~~610.5237 Ending Scheduled Collateral Balance ~~291~~282,~~465~~209,~~610~~591.3770 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2003 ~~291~~282,~~687~~447,~~840~~633.0453 Monthly P &I Constant 2,~~188~~151,~~048~~028.0207 Special Servicing Fee 0.00 Prepayment Penalties ~~130~~292,~~708~~508.7515 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~291~~282,~~465~~209,~~610~~591.3770 Scheduled Principal ~~243~~241,~~171~~003.5634 Unscheduled Principal 49,~~786~~015,~~461~~015.5933 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.4800 Overcollateralized reduction Amount 0.00 Specified O/C Amount 1,482,144.00 Overcollateralized Amount 1,482,144.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 ~~Extra principal distribution Amount 0.48 Excess Cash Amount 0.00~~

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 7.~~871464~~863808% Weighted Average Net Rate 7.~~371464~~363808% Weighted Average Pass Through Rate 6.~~192948~~184907% Weighted Average Maturity ~~348~~347 Record Date 0708/31/2003 Principal and Interest Constant 2,~~188~~151,~~048~~028.0207 Beginning Loan Count 1,~~764~~736 Loans Paid in Full 2852 Ending Loan Count 1,~~736~~684 Beginning Scheduled Balance ~~296~~291,~~495~~465,~~243~~610.5237 Ending Scheduled Balance ~~291~~282,~~465~~209,~~610~~591.3770 Ending Actual Balance at 31-~~Jul~~Aug-2003 ~~291~~282,~~687~~447,~~840~~633.0453 Scheduled Principal ~~243~~241,~~171~~003.5634 Unscheduled Principal 49,~~786~~015,~~461~~015.5933 Scheduled Interest 1,~~944~~910,~~876~~024.4673 Servicing Fee ~~123~~121,~~539~~444.6801 Master Servicing Fee 6,~~176~~072.9917 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee ~~285~~280,~~010~~268.0579 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 1,~~530~~502,~~149~~239.7476 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.00 Special Servicing Fee 0.00 Prepayment Penalties ~~130~~292,~~708~~508.7515 Required Overcollateralized Amount 0.00 Overcollateralized Increase Amount 0.4800 Overcollateralized Reduction Amount 0.00 Specified O/C Amount 1,482,144.00 Overcollateralized Amount 1,482,144.00 Overcollateralized Deficiency Amount 0.00 Base Overcollateralization Amount 0.00

Group Level Collateral Statement Group GRP I, Sub Grp 1 GRP I, Sub Grp 2 GRP I I, Sub Grp 1 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.~~507160~~499042 8.~~179193~~172939 7.~~255235~~235414 Weighted Average Net Rate 76.~~007161~~999042 7.~~679193~~672939 6.~~755236~~735414 Weighted Average Maturity ~~328~~327 ~~355~~354 ~~341~~340 Beginning Loan Count ~~385~~377 1,~~104~~088 ~~214~~210 Loans Paid In Full 89 1636 46 Ending Loan Count ~~377~~368 1,~~088~~052 ~~210~~204 Beginning Scheduled Balance 5755,~~325~~866,~~158~~275.1288 ~~173~~171,~~958~~110,~~291~~219.3049 4140,~~341~~637,~~897~~214.8789 Ending scheduled Balance 5554,~~866~~066,~~275~~662.8867 ~~171~~165,~~110~~195,~~219~~983.4917 4039,~~637~~442,~~214~~152.8924 Record Date 0708/31/2003 0708/31/2003 0708/31/2003 Principal And Interest Constant ~~421~~410,~~124~~378.4522 1,~~307~~286,~~850~~695.0708 ~~290~~285,~~257~~138.0532 Scheduled Principal 6261,~~500~~258.1561 ~~122~~121,~~151~~300.4156 40,~~302~~115.7276 Unscheduled Principal 1,~~396~~738,~~382~~354.0960 25,~~725~~792,~~920~~935.4076 ~~664~~1,~~380~~154,946.2689 Scheduled Interest ~~358~~349,~~624~~119.3061 1,~~185~~165,~~698~~394.6652 ~~249~~245,~~954~~022.3356 Servicing Fees 23,~~885~~277.4762 7271,~~482~~295.6392 1716,~~225~~932.7818 Master Servicing Fees 1,~~194~~163.2786 3,~~624~~564.1479 ~~861~~846.2960 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 6260,~~328~~828.1244 ~~164~~162,~~429~~071.6867 4039,~~792~~922.6913 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 ~~271~~263,~~216~~849.4469 ~~945~~928,~~162~~462.2114 ~~191~~187,~~074~~321.5765 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 5.~~677432~~667455 6.~~519923~~511327 5.~~546177~~531530

Group Level Collateral Statement Group GRP I I, Sub Grp 2 Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.~~571001~~571122 7.~~871464~~863808 Weighted Average Net Rate 7.~~071000~~071122 7.~~371464~~363808 Weighted Average Maturity ~~356~~355 ~~348~~347 Beginning Loan Count 61 1,~~764~~736 Loans Paid In Full 01 2852 Ending Loan Count 6160 1,~~736~~684 Beginning Scheduled Balance 23,~~869~~851,~~896~~900.2311 ~~296~~291,~~495~~465,~~243~~610.5237 Ending scheduled Balance 23,~~851~~504,~~900~~793.1162 ~~291~~282,~~465~~209,~~610~~591.3770 Record Date 0708/31/2003 0708/31/2003 Principal And Interest Constant 168,816.45 2,~~188~~151,~~048~~028.0207 Scheduled Principal 18,~~217~~328.2841 ~~243~~241,~~171~~003.5634 Unscheduled Principal ~~(221~~328,778.~~16)~~08 49,~~786~~015,~~461~~015.5933 Scheduled Interest 150,~~599~~488.1704 1,~~944~~910,~~876~~024.4673 Servicing Fees 9,~~945~~938.8029 ~~123~~121,~~539~~444.6801 Master Servicing Fees ~~497~~496.2992 6,~~176~~072.9917 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 17,~~459~~446.5655 ~~285~~280,~~010~~268.0579 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 122,~~696~~606.5228 1,~~530~~502,~~149~~239.7476 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.~~168265~~168378 6.~~192948~~184907

Filing Compare · ACE SECURITIES CORP HOME EQ LOAN TR SERIES 2003-TC1