8-K 1 opt03003.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 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 54-2105561 Pooling and Servicing Agreement) (Commission 54-2105563 (State or other File Number) 54-2110365 jurisdiction 54-2110366 of Incorporation) 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 September 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 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. 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: 10/6/03 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 September 25, 2003 distribution. EX-99.1

Option One Mortgage Loan Trust Asset-Backed Certificates Record Date: 78/31/03 Distribution Date: 89/25/03 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.~~39000~~40000% ~~687~~679,~~179~~499,~~735~~564.8720 ~~822~~819,~~515~~174.9747 711,~~680~~577,~~171~~530.6787 A-2 68400XBJ8 SEN 1.~~40000~~41000% ~~329~~325,~~861~~680,~~389~~517.5839 ~~397~~395,~~666~~430.2343 46,~~180~~284,~~872~~653.1994 A-3 68389FDP6 SEN 1.~~22000~~23000% 4948,~~648~~639,~~740~~222.6405 5251,~~158~~517.7604 1,~~009~~517,~~518~~500.5934 A-4 68389FDQ4 SEN 1.~~57000~~58000% 30,000,000.00 40,~~558~~816.3367 0.00 M-1 68400XBK5 MEZ 1.~~75000~~76000% 48,490,000.00 73,~~071~~489.7429 0.00 M-1A 68389FDR2 MEZ 2.~~14000~~15000% 27,560,000.00 5051,~~786~~024.9628 0.00 M-2 68400XBL3 MEZ 2.~~70000~~71000% 35,100,000.00 81,~~607~~909.5075 0.00 M-3 68400XBM1 MEZ 3.~~10000~~11000% 13,000,000.00 34,~~702~~814.7872 0.00 M-4 68400XBN9 MEZ 3.~~70000~~71000% 16,250,000.00 51,~~774~~914.3124 0.00 M-5 68400XBP4 MEZ 4.~~35000~~36000% 13,000,000.00 48,~~695~~807.8378 0.00 M-6 68400XBQ2 MEZ 4.~~60000~~61000% 13,000,000.00 51,~~494~~606.4439 0.00 C OPT03003C OC 0.00000% 15,600,000.00 5,~~436~~362,~~912~~162.7367 0.00 P OPT03003P Pre_pay 0.00000% 100.00 ~~239~~364,~~299~~869.4630 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,~~278~~265,~~689~~819,~~966~~403.0964 7,~~381~~427,~~245~~537.0403 1219,~~870~~379,~~562~~685.4515

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~679~~667,~~499~~922,~~564~~033.2033 812,~~502~~396,~~687~~705.6434 0.00 A-2 0.00 ~~325~~319,~~680~~395,~~517~~863.3945 46,~~578~~680,~~538~~084.4237 0.00 A-3 0.00 4847,~~639~~121,~~222~~721.0571 1,~~061~~569,~~677~~017.3538 0.00 A-4 0.00 30,000,000.00 40,~~558~~816.3367 0.00 M-1 0.00 48,490,000.00 73,~~071~~489.7429 0.00 M-1A 0.00 27,560,000.00 5051,~~786~~024.9628 0.00 M-2 0.00 35,100,000.00 81,~~607~~909.5075 0.00 M-3 0.00 13,000,000.00 34,~~702~~814.7872 0.00 M-4 0.00 16,250,000.00 51,~~774~~914.3124 0.00 M-5 0.00 13,000,000.00 48,~~695~~807.8378 0.00 M-6 0.00 13,000,000.00 51,~~494~~606.4439 0.00 C 0.00 15,600,000.00 5,~~436~~362,~~912~~162.7367 0.00 P 0.00 100.00 ~~239~~364,~~299~~869.4630 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,~~265~~246,~~819~~439,~~403~~718.6449 2026,~~251,~~807,222.4918 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 ~~687~~679,~~179~~499,~~735~~564.8720 0.00 711,~~680~~577,~~171~~530.6787 0.00 0.00 A-2 336,700,000.00 ~~329~~325,~~861~~680,~~389~~517.5839 0.00 46,~~180~~284,~~872~~653.1994 0.00 0.00 A-3 51,300,000.00 4948,~~648~~639,~~740~~222.6405 0.00 1,~~009~~517,~~518~~500.5934 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,~~278~~265,~~689~~819,~~966~~403.0964 0.00 1219,~~870~~379,~~562~~685.4515 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-1 711,~~680~~577,~~171~~530.6787 ~~679~~667,~~499~~922,~~564~~033.2033 0.~~97071366~~95417433 711,~~680~~577,~~171~~530.6787 A-2 46,~~180~~284,~~872~~653.1994 ~~325~~319,~~680~~395,~~517~~863.3945 0.~~96727210~~94860666 46,~~180~~284,~~872~~653.1994 A-3 1,~~009~~517,~~518~~500.5934 4847,~~639~~121,~~222~~721.0571 0.~~94813298~~91855208 1,~~009~~517,~~518~~500.5934 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 1219,~~870~~379,~~562~~685.4515 1,~~265~~246,~~819~~439,~~403~~718.6449 0.~~97370723~~95879978 1219,~~870~~379,~~562~~685.4515

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 ~~981~~970.~~68533696~~71366314 0.00000000 1016.~~97167381~~53932981 0.00000000 A-2 336,700,000.00 ~~979~~967.~~68930674~~27210392 0.00000000 1218.~~41720282~~66544087 0.00000000 A-3 51,300,000.00 ~~967~~948.~~81170838~~13298343 0.00000000 1929.~~67872495~~58090331 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 1016.~~97167381~~53932981 ~~970~~954.~~71366314~~17433333 0.~~97071366~~95417433 1016.~~97167381~~53932981 A-2 0.00000000 1218.~~41720282~~66544087 ~~967~~948.~~27210392~~60666305 0.~~96727210~~94860666 1218.~~41720282~~66544087 A-3 0.00000000 1929.~~67872495~~58090331 ~~948~~918.~~13298343~~55208012 0.~~94813298~~91855208 1929.~~67872495~~58090331 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.~~39000~~40000% ~~687~~679,~~179~~499,~~735~~564.8720 ~~822~~819,~~515~~174.9747 0.00 0.00 A-2 336,700,000.00 1.~~40000~~41000% ~~329~~325,~~861~~680,~~389~~517.5839 ~~397~~395,~~666~~430.2343 0.00 0.00 A-3 51,300,000.00 1.~~22000~~23000% 4948,~~648~~639,~~740~~222.6405 5251,~~158~~517.7604 0.00 0.00 A-4 30,000,000.00 1.~~57000~~58000% 30,000,000.00 40,~~558~~816.3367 0.00 0.00 M-1 48,490,000.00 1.~~75000~~76000% 48,490,000.00 73,~~071~~489.7429 0.00 0.00 M-1A 27,560,000.00 2.~~14000~~15000% 27,560,000.00 5051,~~786~~024.9628 0.00 0.00 M-2 35,100,000.00 2.~~70000~~71000% 35,100,000.00 81,~~607~~909.5075 0.00 0.00 M-3 13,000,000.00 3.~~10000~~11000% 13,000,000.00 34,~~702~~814.7872 0.00 0.00 M-4 16,250,000.00 3.~~70000~~71000% 16,250,000.00 51,~~774~~914.3124 0.00 0.00 M-5 13,000,000.00 4.~~35000~~36000% 13,000,000.00 48,~~695~~807.8378 0.00 0.00 M-6 13,000,000.00 4.~~60000~~61000% 13,000,000.00 51,~~494~~606.4439 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,~~705~~700,~~032~~505.8506 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 ~~822~~819,~~515~~174.9747 0.00 ~~679~~667,~~499~~922,~~564~~033.2033 A-2 0.00 0.00 ~~397~~395,~~666~~430.2343 0.00 ~~325~~319,~~680~~395,~~517~~863.3945 A-3 0.00 0.00 5251,~~158~~517.7604 0.00 4847,~~639~~121,~~222~~721.0571 A-4 0.00 0.00 40,~~558~~816.3367 0.00 30,000,000.00 M-1 0.00 0.00 73,~~071~~489.7429 0.00 48,490,000.00 M-1A 0.00 0.00 5051,~~786~~024.9628 0.00 27,560,000.00 M-2 0.00 0.00 81,~~607~~909.5075 0.00 35,100,000.00 M-3 0.00 0.00 34,~~702~~814.7872 0.00 13,000,000.00 M-4 0.00 0.00 51,~~774~~914.3124 0.00 16,250,000.00 M-5 0.00 0.00 48,~~695~~807.8378 0.00 13,000,000.00 M-6 0.00 0.00 51,~~494~~606.4439 0.00 13,000,000.00 C 0.00 0.00 5,~~436~~362,~~912~~162.7367 0.00 15,600,000.00 P 0.00 0.00 ~~239~~364,~~299~~869.4630 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,~~381~~427,~~245~~537.0403 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.~~39000~~40000% ~~981~~970.~~68533696~~71366314 1.~~17502281~~17024924 0.00000000 0.00000000 A-2 336,700,000.00 1.~~40000~~41000% ~~979~~967.~~68930674~~27210392 1.~~18106988~~17442955 0.00000000 0.00000000 A-3 51,300,000.00 1.~~22000~~23000% ~~967~~948.~~81170838~~13298343 1.~~01673996~~00423080 0.00000000 0.00000000 A-4 30,000,000.00 1.~~57000~~58000% 1000.00000000 1.~~35194433~~36055567 0.00000000 0.00000000 M-1 48,490,000.00 1.~~75000~~76000% 1000.00000000 1.~~50694452~~51555558 0.00000000 0.00000000 M-1A 27,560,000.00 2.~~14000~~15000% 1000.00000000 1.~~84277794~~85138897 0.00000000 0.00000000 M-2 35,100,000.00 2.~~70000~~71000% 1000.00000000 2.~~32500000~~33361111 0.00000000 0.00000000 M-3 13,000,000.00 3.~~10000~~11000% 1000.00000000 2.~~66944462~~67805538 0.00000000 0.00000000 M-4 16,250,000.00 3.~~70000~~71000% 1000.00000000 3.~~18611138~~19472246 0.00000000 0.00000000 M-5 13,000,000.00 4.~~35000~~36000% 1000.00000000 3.~~74583308~~75444462 0.00000000 0.00000000 M-6 13,000,000.00 4.~~60000~~61000% 1000.00000000 3.~~96111077~~96972231 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.~~17502281~~17024924 0.00000000 ~~970~~954.~~71366314~~17433333 A-2 0.00000000 0.00000000 1.~~18106988~~17442955 0.00000000 ~~967~~948.~~27210392~~60666305 A-3 0.00000000 0.00000000 1.~~01673996~~00423080 0.00000000 ~~948~~918.~~13298343~~55208012 A-4 0.00000000 0.00000000 1.~~35194433~~36055567 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 1.~~50694452~~51555558 0.00000000 1000.00000000 M-1A 0.00000000 0.00000000 1.~~84277794~~85138897 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~32500000~~33361111 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.~~66944462~~67805538 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.~~18611138~~19472246 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 3.~~74583308~~75444462 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 3.~~96111077~~96972231 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~348~~343.~~52228091~~73057968 0.00000000 1000.00641030 P 0.00000000 0.00000000 ~~2392994~~3648693.~~60000000~~00000000 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 2127,~~125~~544,~~811~~099.7538 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 ~~239~~364,~~299~~869.4630 Total Deposits 2127,~~365~~908,~~111~~968.2168 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 1,~~113~~101,~~303~~746.7250 Payment of Interest and Principal 2026,~~251,~~807,222.4918 Total Withdrawals (Pool Distribution Amount) 2127,~~365~~908,~~111~~968.2168 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~319~~316,~~672~~455.3514 MGIC PMI Policy Fee ~~790~~782,~~434~~126.3918 Wells Fargo 3,~~196~~165.9818 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1,~~113~~101,~~303~~746.7250

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 999.98 0.00 0.00 ~~999~~1,000.9800

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 119 0 0 119 1,~~911~~879,~~908~~706.1197 0.00 0.00 1,~~911~~879,~~908~~706.1197 30 Days 81118 3 1 6 0 88122 1118,~~441~~795,~~634~~753.8222 ~~152~~251,~~989~~429.5167 ~~921~~186,~~967~~990.6581 0.00 1219,~~516~~234,~~591~~173.9870 60 Days 47 1 1836 0 2344 ~~651~~1,~~634~~189,143.5993 ~~479~~152,~~313~~883.1122 35,~~005~~296,~~622~~318.1629 0.00 46,~~136~~638,~~569~~345.8644 90 Days 2 28 2537 0 2947 ~~210~~433,~~285~~340.4239 ~~118~~1,~~107~~537,346.7743 24,~~934~~748,~~077~~657.6332 0.00 36,~~262~~719,~~470~~344.8214 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 87127 1521 4974 0 ~~151~~222 1220,~~303~~418,~~554~~237.8354 23,~~662~~821,~~318~~366.5029 610,~~861~~231,~~667~~966.4442 0.00 2134,~~827~~471,~~540~~570.7725 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.~~137586~~114112% 0.000000% 0.000000% 0.~~137586~~114112% 0.~~151007~~150765% 0.000000% 0.000000% 0.~~151007~~150765% 30 Days 1.~~013133~~496133% 0.~~012508~~038037% 0.~~075047~~012679% 0.000000% 1.~~100688~~546849% 01.~~903686~~507544% 0.~~012083~~020166% 0.~~072819~~014998% 0.000000% 01.~~988589~~542708% 60 Days 0.~~050031~~088754% 0.~~012508~~012679% 0.~~225141~~456447% 0.000000% 0.~~287680~~557880% 0.~~051468~~095377% 0.~~037857~~012262% 0.~~237391~~424800% 0.000000% 0.~~326716~~532439% 90 Days 0.~~025016~~025358% 0.~~025016~~101433% 0.~~312695~~469126% 0.000000% 0.~~362727~~595917% 0.~~016609~~034757% 0.~~009328~~123305% 0.~~231740~~380874% 0.000000% 0.~~257677~~538936% 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 1.~~088180~~610245% 0.~~187617~~266261% 0.~~612883~~938253% 0.000000% 12.~~888680~~814758% 01.~~971763~~637678% 0.~~210276~~306499% 0.~~541950~~820672% 0.000000% 12.~~723989~~764849%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~368~~497,~~955~~132.84 Class A-2 263,300,000.00 20.25384615% 259,121,821.71 20.78895737% 25.624654% 0.000000% Class A-3 212,000,000.00 16.30769231% 212,000,100.00 17.00845190% 3.780505% 0.000000% Class A-4 182,000,000.00 14.00000000% 182,000,100.00 14.60159664% 2.406855% 0.000000% Class M-1 133,510,000.00 10.27000000% 133,510,100.00 10.71131624% 3.890280% 0.000000% Class M-1A 105,950,000.00 8.15000000% 105,950,100.00 8.50021854% 2.211098% 0.000000% Class M-2 70,850,000.00 5.45000000% 70,850,100.00 5.68419788% 2.816021% 0.000000% Class M-3 57,850,000.00 4.45000000% 57,850,100.00 4.64122726% 1.042971% 0.000000% Class M-4 41,600,000.00 3.20000000% 41,600,100.00 3.33751399% 1.303713% 0.000000% Class R-I 15,600,000.00 1.20000000% 15,600,100.00 1.25157276% 0.000000% 0.000000% Class R-II 15,600,000.00 1.20000000% 15,600,100.00 1.25157276% 0.000000% 0.000000% Class R-III 15,600,000.00 1.20000000% 15,600,100.00 1.25157276% 0.000000% 0.000000% Class C 100.00 0.00000769% 100.00 0.00000802% 1.251565% 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.~~747225~~743187% Weighted Average Net Coupon 7.~~447225~~443187% Weighted Average Pass-Through Rate 6.~~702434~~698728% Weighted Average Maturity(Stepdown Calculation ) ~~349~~348 Beginning Scheduled Collateral Loan Count 87,~~060~~995 Number Of Loans Paid In Full 65108 Ending Scheduled Collateral Loan Count 7,~~995~~887 Beginning Scheduled Collateral Balance 1,~~278~~265,~~689~~819,~~966~~403.0964 Ending Scheduled Collateral Balance 1,~~265~~246,~~819~~439,~~403~~718.6449 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2003 1,~~266~~246,~~106~~779,~~950~~590.8778 Monthly P &I Constant 9,~~268~~175,~~567~~278.8792 Special Servicing Fee 0.00 Prepayment Penalties ~~239~~364,~~299~~869.4630 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 1,~~265~~246,~~819~~439,~~403~~718.6449 Scheduled Principal 1,~~013~~007,~~318~~382.4601 Unscheduled Principal 1118,~~857~~372,~~243~~303.9914

Trigger Event Not Triggered In Effect Since N/A Comments N/A Stepdown Date Do Not Step Down In Effect Since N/A Comments N/A Unscheduled Principal-Voluntary 1118,~~857~~372,~~243~~303.9914 Unscheduled Principal-Involuntary 0.00 Credit Enhancement Percentage 1214.~~14029612~~37803841% Other Income (3,483.25)

Miscellaneous Reporting General Excess Available Amt 5,~~436~~362,~~912~~162.7367 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.~~433151~~431356 7.~~874433~~868437 7.~~599561~~590347 Weighted Average Net Rate 7.~~133150~~131356 7.~~574433~~568437 7.~~299561~~290347 Weighted Average Maturity ~~350~~349 ~~350~~349 ~~348~~347 Beginning Loan Count 1,~~640~~632 3,~~739~~705 ~~914~~906 Loans Paid In Full 822 3451 813 Ending Loan Count 1,~~632~~610 3,~~705~~654 ~~906~~893 Beginning Scheduled Balance ~~240~~238,~~530~~733,~~822~~133.9688 ~~560~~554,~~602~~720,~~486~~003.1354 ~~153~~151,~~185~~593,~~379~~467.4276 Ending scheduled Balance ~~238~~235,~~733~~458,~~133~~134.8820 ~~554~~546,~~720~~417,~~003~~472.5435 ~~151~~149,~~593~~477,~~467~~987.7683 Record Date 0708/31/2003 0708/31/2003 0708/31/2003 Principal And Interest Constant 1,~~720~~708,~~500~~226.9027 4,~~081~~036,~~019~~933.3175 1,~~114~~103,~~991~~531.1933 Scheduled Principal ~~230~~229,~~582~~800.7045 ~~402~~399,~~330~~617.3040 144,~~873~~658.2285 Unscheduled Principal 13,~~567~~045,~~106~~199.3823 57,~~480~~902,~~152~~913.2979 1,~~447~~970,~~038~~821.4408 Scheduled Interest 1,~~489~~478,~~918~~425.2082 3,~~678~~637,~~689~~316.0135 ~~970~~958,~~117~~872.9748 Servicing Fees 6059,~~132~~683.7833 ~~140~~138,~~150~~680.5214 3837,~~296~~898.2335 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~601~~596.1880 1,~~401~~387.6713 ~~383~~379.0510 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee ~~180~~178,~~098~~386.80 ~~345~~342,~~954~~561.5585 9998,~~532~~266.4318 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,~~429~~418,~~785~~742.4249 3,~~538~~498,~~538~~636.4921 ~~931~~920,~~821~~974.7413 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.~~231644~~231689 6.~~830899~~824388 6.~~516859~~509480

Group Level Collateral Statement Group Group 4 Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.~~830006~~830897 7.~~747225~~743187 Weighted Average Net Rate 7.~~530006~~530897 7.~~447225~~443187 Weighted Average Maturity 347 348 ~~349~~ Beginning Loan Count 1,~~767~~752 87,~~060~~995 Loans Paid In Full 1522 65108 Ending Loan Count 1,~~752~~730 7,~~995~~887 Beginning Scheduled Balance ~~324~~320,~~371~~772,~~277~~798.5846 1,~~278~~265,~~689~~819,~~966~~403.0964 Ending scheduled Balance ~~320~~315,~~772~~086,~~798~~124.4611 1,~~265~~246,~~819~~439,~~403~~718.6449 Record Date 0708/31/2003 0708/31/2003 Principal And Interest Constant 2,~~352~~326,~~056~~587.4757 9,~~268~~175,~~567~~278.8792 Scheduled Principal ~~235~~233,~~532~~305.2431 1,~~013~~007,~~318~~382.4601 Unscheduled Principal 35,~~362~~453,~~946~~369.8804 1118,~~857~~372,~~243~~303.9914 Scheduled Interest 2,~~116~~093,~~524~~282.2326 8,~~255~~167,~~249~~896.4191 Servicing Fees 8180,~~092~~193.8232 ~~319~~316,~~672~~455.3514 Master Servicing Fees 0.00 0.00 Trustee Fee ~~811~~802.0815 3,~~196~~165.9818 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee ~~164~~162,~~848~~911.6135 ~~790~~782,~~434~~126.3918 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,~~035~~013,~~431~~088.4194 7,~~935~~851,~~577~~441.0677 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.~~917154~~918451 6.~~702434~~698728

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