8-K 1 baf03002.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 25, 2003 BANC OF AMERICA FUNDING CORPORATION Mortgage Pass-Through Certificates, Series 2003-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-38154-04 54-2121780 Pooling and Servicing Agreement) (Commission 54-2121781 (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 BANC OF AMERICA FUNDING CORPORATION, Mortgage Pass-Through Certificates, Series 2003-2 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 Pass-Through Certificates, Series 2003-2 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. BANC OF AMERICA FUNDING CORPORATION Mortgage Pass-Through Certificates, Series 2003-2 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: 9/30/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-2 Trust, relating to the September 25, 2003 distribution. EX-99.1

~~Bank~~Banc of America Funding Corporation Mortgage Pass-Through Certificates Record Date: 78/31/03 Distribution Date: 89/25/03 BAF Series: 2003-2 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 1-A-1 05946XCR2 SEN 6.50000% ~~138~~116,~~606~~235,~~000~~193.0036 ~~750~~629,~~782~~607.5029 22,~~370~~132,~~806~~478.6469 1-A-R 05946XCS0 SEN 6.50000% 500.00 0.2700 500.00 1-A-LR 05946XCT8 SEN 6.50000% 500.00 0.2700 500.00 1-A-WIO 05946XCU5 IO 0.~~37415~~37612% 0.00 3127,~~404~~206.8522 0.00 2-A-1 05946XCV3 SEN 6.00000% 5243,~~525~~173,~~000~~810.0001 ~~262~~215,~~625~~869.0005 910,~~351~~990,~~189~~198.9934 2-A-WIO 05946XCW1 IO 0.~~35530~~34019% 0.00 119,~~735~~290.8947 0.00 A-PO 05946XCX9 PO 0.00000% 1,~~570~~269,~~675~~172.0068 0.00 ~~301~~203,~~502~~407.3239 B-1 05946XCY7 SUB 6.~~36253~~36282% 2,~~582~~577,~~000~~411.0082 13,~~690~~666.0435 4,~~588~~612.1829 B-2 05946XCZ4 SUB 6.~~36253~~36282% 1,~~390~~387,~~000~~529.0099 7,~~369~~357.9317 2,~~470~~482.0199 B-3 05946XDA8 SUB 6.~~36253~~36282% ~~894~~892,~~000~~411.0037 4,~~740~~731.0888 1,~~588~~596.6398 B-4 05946XDB6 SUB 6.~~36253~~36282% ~~297~~296,~~000~~472.0024 1,~~574~~572.7300 ~~527~~530.7654 B-5 05946XDC4 SUB 6.~~36253~~36282% ~~199~~198,~~000~~646.0038 1,~~055~~053.1229 ~~353~~355.6248 B-6 05946XDD2 SUB 6.~~36253~~36282% ~~496~~495,~~814~~931.0018 2,~~634~~629.1660 ~~882~~887.8247 Totals ~~198~~166,~~560~~526,~~589~~579.0003 1912,~~087,612~~983.84 32 33,~~034~~336,~~009~~550.9717

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A-1 0.00 ~~116~~94,~~235~~102,~~193~~714.3667 2322,~~121~~762,~~589~~085.1498 0.00 1-A-R 0.00 0.00 500.2700 0.00 1-A-LR 0.00 0.00 500.2700 0.00 1-A-WIO 0.00 0.00 3127,~~404~~206.8522 0.00 2-A-1 0.00 4332,~~173~~183,~~810~~611.0168 911,~~613~~206,~~814~~067.9939 0.00 2-A-WIO 0.00 0.00 119,~~735~~290.8947 0.00 A-PO 0.00 1,~~269~~065,~~172~~765.6829 ~~301~~203,~~502~~407.3239 0.00 B-1 0.00 2,~~577~~572,~~411~~799.8253 18,278.2264 0.00 B-2 0.00 1,~~387~~385,~~529~~047.9900 9,~~839~~840.9416 0.00 B-3 0.00 ~~892~~890,~~411~~814.3740 6,328.7186 0.00 B-4 0.00 ~~296~~295,~~472~~941.2470 2,102.4954 0.00 B-5 0.00 198,~~646~~290.3890 1,408.7477 0.00 B-6 0.00 495,~~931~~043.1871 3,~~516~~517.9807 0.00 Totals 0.00 ~~166~~133,~~526~~190,~~579~~028.0388 3334,~~121~~249,~~622~~533.8149 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) 1-A-1 138,606,000.00 ~~138~~116,~~606~~235,~~000~~193.0036 ~~132~~111,~~923~~243.4090 22,~~237~~021,~~883~~234.2579 0.00 0.00 1-A-R 50.00 500.00 0.3000 490.7000 0.00 0.00 1-A-LR 50.00 500.00 0.3000 490.7000 0.00 0.00 1-A-WIO 0.00 0.00 0.00 0.00 0.00 0.00 2-A-1 52,525,000.00 5243,~~525~~173,~~000~~810.0001 ~~206~~172,~~637~~319.2960 910,~~144~~817,~~552~~878.7073 0.00 0.00 2-A-WIO 0.00 0.00 0.00 0.00 0.00 0.00 A-PO 1,570,675.00 1,~~570~~269,~~675~~172.0068 32,~~195~~742.2623 ~~298~~200,~~307~~665.0616 0.00 0.00 B-1 2,582,000.00 2,~~582~~577,~~000~~411.0082 4,~~588~~612.1829 0.00 0.00 0.00 B-2 1,390,000.00 1,~~390~~387,~~000~~529.0099 2,~~470~~482.0199 0.00 0.00 0.00 B-3 894,000.00 ~~894~~892,~~000~~411.0037 1,~~588~~596.6398 0.00 0.00 0.00 B-4 297,000.00 ~~297~~296,~~000~~472.0024 ~~527~~530.7654 0.00 0.00 0.00 B-5 199,000.00 ~~199~~198,~~000~~646.0038 ~~353~~355.6248 0.00 0.00 0.00 B-6 496,814.00 ~~496~~495,~~814~~931.0018 ~~882~~887.8247 0.00 0.00 0.00 Totals 198,560,589.00 ~~198~~166,~~560~~526,~~589~~579.0003 ~~353~~296,~~167~~771.5748 3133,~~680~~039,~~842~~778.4168 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 1-A-1 22,~~370~~132,~~806~~478.6469 ~~116~~94,~~235~~102,~~193~~714.3667 0.~~83860146~~67892237 22,~~370~~132,~~806~~478.6469 1-A-R 500.00 0.00 0.00000000 500.00 1-A-LR 500.00 0.00 0.00000000 500.00 1-A-WIO 0.00 0.00 0.00000000 0.00 2-A-1 910,~~351~~990,~~189~~198.9934 4332,~~173~~183,~~810~~611.0168 0.~~82196687~~61272940 910,~~351~~990,~~189~~198.9934 2-A-WIO 0.00 0.00 0.00000000 0.00 A-PO ~~301~~203,~~502~~407.3239 1,~~269~~065,~~172~~765.6829 0.~~80804284~~67853967 ~~301~~203,~~502~~407.3239 B-1 4,~~588~~612.1829 2,~~577~~572,~~411~~799.8253 0.~~99822301~~99643669 4,~~588~~612.1829 B-2 2,~~470~~482.0199 1,~~387~~385,~~529~~047.9900 0.~~99822301~~99643669 2,~~470~~482.0199 B-3 1,~~588~~596.6398 ~~892~~890,~~411~~814.3740 0.~~99822301~~99643669 1,~~588~~596.6398 B-4 ~~527~~530.7654 ~~296~~295,~~472~~941.2470 0.~~99822303~~99643670 ~~527~~530.7654 B-5 ~~353~~355.6248 198,~~646~~290.3890 0.~~99822302~~99643668 ~~353~~355.6248 B-6 ~~882~~887.8247 495,~~931~~043.1871 0.~~99822304~~99643671 ~~882~~887.8247 Totals 3233,~~034~~336,~~009~~550.9717 ~~166~~133,~~526~~190,~~579~~028.0388 0.~~83866884~~67077777 3233,~~034~~336,~~009~~550.9717

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 138,606,000.00 ~~1000~~838.~~00000000~~60145564 0.~~95900177~~80259080 ~~160~~158.~~43954266~~87649012 0.00000000 1-A-R 50.00 ~~1000~~0.00000000 60.00000000 ~~994~~0.00000000 0.00000000 1-A-LR 50.00 ~~1000~~0.00000000 60.00000000 ~~994~~0.00000000 0.00000000 1-A-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 52,525,000.00 ~~1000~~821.~~00000000~~96687311 3.~~93407501~~28071585 ~~174~~205.~~09905188~~95675831 0.00000000 2-A-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-PO 1,570,675.00 ~~1000~~808.~~00000000~~04283509 21.~~03432282~~74589269 ~~189~~127.~~92284209~~75727633 0.00000000 B-1 2,582,000.00 ~~1000~~998.~~00000000~~22301317 1.~~77698683~~78632455 0.00000000 0.00000000 B-2 1,390,000.00 ~~1000~~998.~~00000000~~22301439 1.~~77698561~~78632374 0.00000000 0.00000000 B-3 894,000.00 ~~1000~~998.~~00000000~~22300895 1.~~77699105~~78633110 0.00000000 0.00000000 B-4 297,000.00 ~~1000~~998.~~00000000~~22303030 1.~~77696970~~78632997 0.00000000 0.00000000 B-5 199,000.00 ~~1000~~998.~~00000000~~22301508 1.~~77698492~~78633166 0.00000000 0.00000000 B-6 496,814.00 ~~1000~~998.~~00000000~~22303719 1.~~77696281~~78632245 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 1-A-1 0.00000000 ~~161~~159.~~39854436~~67908092 ~~838~~678.~~60145564~~92237472 0.~~83860146~~67892237 ~~161~~159.~~39854436~~67908092 1-A-R 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 1-A-LR 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 1-A-WIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 0.00000000 ~~178~~209.~~03312689~~23747435 ~~821~~612.~~96687311~~72939895 0.~~82196687~~61272940 ~~178~~209.~~03312689~~23747435 2-A-WIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-PO 0.00000000 ~~191~~129.~~95716491~~50316902 ~~808~~678.~~04283509~~53966607 0.~~80804284~~67853967 ~~191~~129.~~95716491~~50316902 B-1 0.00000000 1.~~77698683~~78632455 ~~998~~996.~~22301317~~43668861 0.~~99822301~~99643669 1.~~77698683~~78632455 B-2 0.00000000 1.~~77698561~~78632374 ~~998~~996.~~22301439~~43669065 0.~~99822301~~99643669 1.~~77698561~~78632374 B-3 0.00000000 1.~~77699105~~78633110 ~~998~~996.~~22300895~~43668904 0.~~99822301~~99643669 1.~~77699105~~78633110 B-4 0.00000000 1.~~77696970~~78632997 ~~998~~996.~~22303030~~43670034 0.~~99822303~~99643670 1.~~77696970~~78632997 B-5 0.00000000 1.~~77698492~~78633166 ~~998~~996.~~22301508~~43668342 0.~~99822302~~99643668 1.~~77698492~~78633166 B-6 0.00000000 1.~~77696281~~78632245 ~~998~~996.~~22303719~~43671475 0.~~99822304~~99643671 1.~~77696281~~78632245 (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 1-A-1 138,606,000.00 6.50000% ~~138~~116,~~606~~235,~~000~~193.0036 ~~750~~629,~~782~~607.5030 0.00 0.00 1-A-R 50.00 6.50000% 500.00 0.2700 0.00 0.00 1-A-LR 50.00 6.50000% 500.00 0.2700 0.00 0.00 1-A-WIO 0.00 0.~~37415~~37612% ~~100~~86,~~724~~800,~~947~~020.0012 3127,~~404~~206.8522 0.00 0.00 2-A-1 52,525,000.00 6.00000% 5243,~~525~~173,~~000~~810.0001 ~~262~~215,~~625~~869.0005 0.00 0.00 2-A-WIO 0.00 0.~~35530~~34019% 3932,~~637~~771,~~086~~842.0091 119,~~735~~290.8947 0.00 0.00 A-PO 1,570,675.00 0.00000% 1,~~570~~269,~~675~~172.0068 0.00 0.00 0.00 B-1 2,582,000.00 6.~~36253~~36282% 2,~~582~~577,~~000~~411.0082 13,~~690~~666.0435 0.00 0.00 B-2 1,390,000.00 6.~~36253~~36282% 1,~~390~~387,~~000~~529.0099 7,~~369~~357.9317 0.00 0.00 B-3 894,000.00 6.~~36253~~36282% ~~894~~892,~~000~~411.0037 4,~~740~~731.0888 0.00 0.00 B-4 297,000.00 6.~~36253~~36282% ~~297~~296,~~000~~472.0024 1,~~574~~572.7300 0.00 0.00 B-5 199,000.00 6.~~36253~~36282% ~~199~~198,~~000~~646.0038 1,~~055~~053.1229 0.00 0.00 B-6 496,814.00 6.~~36253~~36282% ~~496~~495,~~814~~931.0018 2,~~634~~629.1660 0.00 0.00 Totals 198,560,589.00 1912,~~087,612~~983.8433 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 1-A-1 0.00 0.00 ~~750~~629,~~782~~607.5029 0.00 ~~116~~94,~~235~~102,~~193~~714.3667 1-A-R 0.00 0.00 0.2700 0.00 0.00 1-A-LR 0.00 0.00 0.2700 0.00 0.00 1-A-WIO 0.00 0.00 3127,~~404~~206.8522 0.00 8672,~~800~~393,~~020~~364.1251 2-A-1 0.00 0.00 ~~262~~215,~~625~~869.0005 0.00 4332,~~173~~183,~~810~~611.0168 2-A-WIO 0.00 0.00 119,~~735~~290.8947 0.00 3224,~~771~~859,~~842~~900.9194 A-PO 0.00 0.00 0.00 0.00 1,~~269~~065,~~172~~765.6829 B-1 0.00 0.00 13,~~690~~666.0435 0.00 2,~~577~~572,~~411~~799.8253 B-2 0.00 0.00 7,~~369~~357.9317 0.00 1,~~387~~385,~~529~~047.9900 B-3 0.00 0.00 4,~~740~~731.0888 0.00 ~~892~~890,~~411~~814.3740 B-4 0.00 0.00 1,~~574~~572.7300 0.00 ~~296~~295,~~472~~941.2470 B-5 0.00 0.00 1,~~055~~053.1229 0.00 198,~~646~~290.3890 B-6 0.00 0.00 2,~~634~~629.1660 0.00 495,~~931~~043.1871 Totals 0.00 0.00 1912,~~087,612~~983.8432 0.00 (4) Amount Does Not Include Excess Special Hazard, ~~Bankrupcy~~Bankruptcy, 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 1-A-1 138,606,000.00 6.50000% ~~1000~~838.~~00000000~~60145564 54.~~41666667~~54242457 0.00000000 0.00000000 1-A-R 50.00 6.50000% ~~1000~~0.00000000 50.~~40000000~~00000000 0.00000000 0.00000000 1-A-LR 50.00 6.50000% ~~1000~~0.00000000 50.~~40000000~~00000000 0.00000000 0.00000000 1-A-WIO 0.00 0.~~37415~~37612% ~~1000~~861.~~00000000~~75294905 0.~~31178820~~27010409 0.00000000 0.00000000 2-A-1 52,525,000.00 6.00000% ~~1000~~821.~~00000000~~96687311 54.~~00000000~~10983436 0.00000000 0.00000000 2-A-WIO 0.00 0.~~35530~~34019% ~~1000~~826.~~00000000~~79748229 0.~~29608357~~23438832 0.00000000 0.00000000 A-PO 1,570,675.00 0.00000% ~~1000~~808.~~00000000~~04283509 0.00000000 0.00000000 0.00000000 B-1 2,582,000.00 6.~~36253~~36282% ~~1000~~998.~~00000000~~22301317 5.~~30210689~~29293184 0.00000000 0.00000000 B-2 1,390,000.00 6.~~36253~~36282% ~~1000~~998.~~00000000~~22301439 5.~~30210791~~29292806 0.00000000 0.00000000 B-3 894,000.00 6.~~36253~~36282% ~~1000~~998.~~00000000~~22300895 5.~~30210291~~29293065 0.00000000 0.00000000 B-4 297,000.00 6.~~36253~~36282% ~~1000~~998.~~00000000~~22303030 5.~~30212121~~29292929 0.00000000 0.00000000 B-5 199,000.00 6.~~36253~~36282% ~~1000~~998.~~00000000~~22301508 5.~~30211055~~29291457 0.00000000 0.00000000 B-6 496,814.00 6.~~36253~~36282% ~~1000~~998.~~00000000~~22303719 5.~~30210501~~29292653 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 1-A-1 0.00000000 0.00000000 54.~~41666667~~54242450 0.00000000 ~~838~~678.~~60145564~~92237472 1-A-R 0.00000000 0.00000000 50.~~40000000~~00000000 0.00000000 0.00000000 1-A-LR 0.00000000 0.00000000 50.~~40000000~~00000000 0.00000000 0.00000000 1-A-WIO 0.00000000 0.00000000 0.~~31178820~~27010409 0.00000000 ~~861~~718.~~75294905~~72328223 2-A-1 0.00000000 0.00000000 54.~~00000000~~10983436 0.00000000 ~~821~~612.~~96687311~~72939895 2-A-WIO 0.00000000 0.00000000 0.~~29608357~~23438832 0.00000000 ~~826~~627.~~79748229~~18790529 A-PO 0.00000000 0.00000000 0.00000000 0.00000000 ~~808~~678.~~04283509~~53966607 B-1 0.00000000 0.00000000 5.~~30210689~~29293184 0.00000000 ~~998~~996.~~22301317~~43668861 B-2 0.00000000 0.00000000 5.~~30210791~~29292806 0.00000000 ~~998~~996.~~22301439~~43669065 B-3 0.00000000 0.00000000 5.~~30210291~~29293065 0.00000000 ~~998~~996.~~22300895~~43668904 B-4 0.00000000 0.00000000 5.~~30212121~~29292929 0.00000000 ~~998~~996.~~22303030~~43670034 B-5 0.00000000 0.00000000 5.~~30211055~~29291457 0.00000000 ~~998~~996.~~22301508~~43668342 B-6 0.00000000 0.00000000 5.~~30210501~~29292653 0.00000000 ~~998~~996.~~22303719~~43671475 (6) Amount Does Not Include Excess Special Hazard, ~~Bankrupcy~~Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Certificateholder Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage 1-A-PO 0.00000% 0.00 0.00 ~~1,127,280.00~~ 880,983.25 78744,743.~~15123572~~24 66.06550635% 2-A-PO 0.00000% 0.00 0.00 ~~443,395.00~~ 388,189.43 87321,022.~~54934765~~05 72.40091792%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 3334,~~165~~285,~~057~~961.9719 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 3334,~~165~~285,~~057~~961.9719 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 4336,~~435~~427.1670 Payment of Interest and Principal 3334,~~121~~249,~~622~~533.8149 Total Withdrawals (Pool Distribution Amount) 3334,~~165~~285,~~057~~961.9719 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 4134,~~366~~693.8204 Master Servicer Fee 21,~~068~~734.3466 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 4336,~~435~~427.1670

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 07 0 0 0 07 02,531,594.0090 0.00 0.00 0.00 02,531,594.0090 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 07 0 0 0 07 02,531,594.0090 0.00 0.00 0.00 02,531,594.0090 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 02.~~000000~~272727% 0.000000% 0.000000% 0.000000% 02.~~000000~~272727% 01.~~000000~~897788% 0.000000% 0.000000% 0.000000% 01.~~000000~~897788% 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 02.~~000000~~272727% 0.000000% 0.000000% 0.000000% 02.~~000000~~272727% 01.~~000000~~897788% 0.000000% 0.000000% 0.000000% 01.~~000000~~897788%

Delinquency Status By Groups

DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 05 0 0 0 05 01,771,695.0066 0.00 0.00 0.00 01,771,695.0066 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 05 0 0 0 05 01,771,695.0066 0.00 0.00 0.00 01,771,695.0066 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 02.~~000000~~192982% 0.000000% 0.000000% 0.000000% 02.~~000000~~192982% 01.~~000000~~786474% 0.000000% 0.000000% 0.000000% 01.~~000000~~786474% 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 02.~~000000~~192982% 0.000000% 0.000000% 0.000000% 02.~~000000~~192982% 01.~~000000~~786474% 0.000000% 0.000000% 0.000000% 01.~~000000~~786474% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 02 0 0 0 02 0759,899.0024 0.00 0.00 0.00 0759,899.0024 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 02 0 0 0 02 0759,899.0024 0.00 0.00 0.00 0759,899.0024 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 02.~~000000~~500000% 0.000000% 0.000000% 0.000000% 02.~~000000~~500000% 02.~~000000~~220342% 0.000000% 0.000000% 0.000000% 02.~~000000~~220342% 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 02.~~000000~~500000% 0.000000% 0.000000% 0.000000% 02.~~000000~~500000% 02.~~000000~~220342% 0.000000% 0.000000% 0.000000% 02.~~000000~~220342%

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 6.~~835483~~841510% Weighted Average Pass-Through Rate 6.~~572983~~579010% Weighted Average Maturity(Stepdown Calculation ) ~~293~~292 Beginning Scheduled Collateral Loan Count ~~452~~380 Number Of Loans Paid In Full 72 Ending Scheduled Collateral Loan Count ~~380~~308 Beginning Scheduled Collateral Balance ~~198~~166,~~560~~526,~~589~~579.0069 Ending Scheduled Collateral Balance ~~166~~133,~~526~~190,~~579~~029.6952 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2003 ~~166~~133,~~779~~397,~~700~~170.3645 Monthly P &I Constant 1,~~484~~246,~~215~~182.5658 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Non-PO Optimal Amount 3233,~~477~~801,~~143~~242.1066 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans ~~166~~133,~~526~~190,~~579~~029.6952 Scheduled Principal ~~353~~296,~~167~~771.5748 Unscheduled Principal 3133,~~680~~039,~~842~~778.4169

Miscellaneous Reporting Total Senior Percentage 9796.~~025830~~461034% Aggregate Subordinate Percentage 23.~~974170~~538966%

Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Mixed Fixed Mixed Fixed Mixed Fixed Weighted Average Coupon Rate 6.~~973350~~984328 6.~~471787~~457766 6.~~835483~~841510 Weighted Average Net Rate 6.~~723350~~734328 6.~~221786~~207766 6.~~585483~~591510 Weighted Average Maturity ~~343~~342 ~~162~~161 ~~293~~292 Beginning Loan Count ~~327~~276 ~~125~~104 ~~452~~380 Loans Paid In Full 5148 2124 72 Ending Loan Count ~~276~~228 ~~104~~80 ~~380~~308 Beginning Scheduled Balance ~~143~~121,~~981~~360,~~341~~064.6544 5445,~~579~~166,~~248~~515.0225 ~~198~~166,~~560~~526,~~589~~579.6769 Ending scheduled Balance ~~121~~99,~~360~~087,~~064~~284.4409 4534,~~166~~102,~~515~~745.2543 ~~166~~133,~~526~~190,~~579~~029.6952 Record Date 0708/31/2003 0708/31/2003 0708/31/2003 Principal And Interest Constant ~~974~~822,~~875~~589.8774 ~~509~~423,~~339~~592.6984 1,~~484~~246,~~215~~182.5658 Scheduled Principal ~~138~~116,~~182~~240.2596 ~~214~~180,~~985~~530.3252 ~~353~~296,~~167~~771.5748 Unscheduled Principal 22,~~483~~156,~~094~~539.9639 910,~~197~~883,~~747~~239.4530 3133,~~680~~039,~~842~~778.4169 Scheduled Interest ~~836~~706,~~693~~348.6278 ~~294~~243,~~354~~062.3732 1949,~~131,047~~411.9910 Servicing Fees 2925,~~996~~283.1235 119,~~370~~409.7069 4134,~~366~~693.8204 Master Servicing Fees 1,~~499~~264.8118 ~~568~~470.5348 21,~~068~~734.3466 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 0.00 0.00 0.00 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 ~~805~~679,~~197~~801.6925 ~~282~~233,~~415~~182.1415 1912,~~087,612~~983.8340 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.~~710850~~721828 6.~~209287~~195266 6.~~572983~~579010

Miscellaneous Reporting Group Group 1 Subordinate Percentage 23.~~973637~~522510% Subordinate Prepayment Percentage 0.000000% Senior Prepayment Percentage 100.000000% Senior Percentage 9796.~~026363~~477490% Group Group 2 Subordinate Percentage 23.~~975575~~583242% Subordinate Prepayment Percentage 0.000000% Senior Prepayment Percentage 100.000000% Senior Percentage 9796.~~024425~~416758%

Filing Compare · BANC OF AMERICAN FUNDING CORP MORT PASS THRU CERT SER 2003-2