8-K 1 opt03002.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 ACCEPTANCE CORPORATION Asset-Backed Certificates, Series 2003-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-101483-01 54-2102406 Pooling and Servicing Agreement) (Commission 54-2102407 (State or other File Number) 54-2102408 jurisdiction IRS EIN 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 OPTION ONE MORTGAGE ACCEPTANCE CORPORATION, Asset-Backed 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 Asset-Backed 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. OPTION ONE MORTGAGE ACCEPTANCE CORPORATION Asset-Backed Certificates, Series 2003-2 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 2003-2 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: 2003-2 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 A-1 68389FDF8 SEN 1.~~41000~~42000% ~~973~~955,~~430~~317,~~017~~346.2516 1,~~181~~168,~~906~~140.2882 1821,~~112~~159,~~671~~087.1073 A-2 68389FDG6 SEN 1.~~40000~~41000% ~~358~~349,~~269~~970,~~258~~052.7364 ~~431~~424,~~913~~921.5097 89,~~299~~269,~~206~~423.0902 A-3 68389FDH4 SEN 1.~~60000~~61000% 3130,~~149~~570,~~760~~155.5508 42,~~917~~382.4512 ~~579~~677,~~605~~090.4881 M-1 68389FDJ0 MEZ 1.~~75000~~76000% 76,000,000.00 ~~114~~115,~~527~~182.7822 0.00 M-2 68389FDK7 MEZ 2.~~80000~~81000% 60,000,000.00 ~~144~~145,~~666~~183.6733 0.00 M-3 68389FDL5 MEZ 3.~~85000~~86000% 24,000,000.00 79,~~566~~773.6733 0.00 M-4 68389FDM3 MEZ 6.06000% 20,000,000.00 101,000.00 0.00 M-5 68389FDN1 MEZ 6.25000% 5,600,000.00 29,166.67 0.00 C OPT03002C OC 0.00000% 10,400,000.00 6,~~765~~627,~~586~~706.0791 0.00 R-1 OPT0302R1 RES 0.00000% 0.00 0.00 0.00 R-2 OPT0302R2 RES 0.00000% 0.00 0.00 0.00 R-3 OPT0302R3 RES 0.00000% 0.00 0.00 0.00 P OPT03002P Pre_pay 0.00000% 100.00 ~~494~~621,~~808~~822.3310 0.00 Totals 1,~~558~~531,~~849~~857,~~136~~653.5388 9,~~386~~355,~~059~~279.4247 2631,~~991~~105,~~482~~601.6756

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~955~~934,~~317~~158,~~346~~258.1643 1922,~~294~~327,~~577~~228.3855 0.00 A-2 0.00 ~~349~~340,~~970~~700,~~052~~629.6462 89,~~731~~694,~~119~~344.5999 0.00 A-3 0.00 3029,~~570~~893,~~155~~064.0827 ~~622~~719,~~522~~472.93 0.00 M-1 0.00 76,000,000.00 ~~114~~115,~~527~~182.7822 0.00 M-2 0.00 60,000,000.00 ~~144~~145,~~666~~183.6733 0.00 M-3 0.00 24,000,000.00 79,~~566~~773.6733 0.00 M-4 0.00 20,000,000.00 101,000.00 0.00 M-5 0.00 5,600,000.00 29,166.67 0.00 C 0.00 10,400,000.00 6,~~765~~627,~~586~~706.0791 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 P 0.00 100.00 ~~494~~621,~~808~~822.3310 0.00 Totals 0.00 1,~~531~~500,~~857~~752,~~653~~052.8832 3640,~~377~~460,~~542~~881.0903 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 1,000,000,000.00 ~~973~~955,~~430~~317,~~017~~346.2516 0.00 1821,~~112~~159,~~671~~087.1073 0.00 0.00 A-2 372,000,000.00 ~~358~~349,~~269~~970,~~258~~052.7364 0.00 89,~~299~~269,~~206~~423.0902 0.00 0.00 A-3 32,000,000.00 3130,~~149~~570,~~760~~155.5508 0.00 ~~579~~677,~~605~~090.4881 0.00 0.00 M-1 76,000,000.00 76,000,000.00 0.00 0.00 0.00 0.00 M-2 60,000,000.00 60,000,000.00 0.00 0.00 0.00 0.00 M-3 24,000,000.00 24,000,000.00 0.00 0.00 0.00 0.00 M-4 20,000,000.00 20,000,000.00 0.00 0.00 0.00 0.00 M-5 5,600,000.00 5,600,000.00 0.00 0.00 0.00 0.00 C 10,399,900.00 10,400,000.00 0.00 0.00 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 1,600,000,000.00 1,~~558~~531,~~849~~857,~~136~~653.5388 0.00 2631,~~991~~105,~~482~~601.6756 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 1821,~~112~~159,~~671~~087.1073 ~~955~~934,~~317~~158,~~346~~258.1643 0.~~95531735~~93415826 1821,~~112~~159,~~671~~087.1073 A-2 89,~~299~~269,~~206~~423.0902 ~~349~~340,~~970~~700,~~052~~629.6462 0.~~94077971~~91586191 89,~~299~~269,~~206~~423.0902 A-3 ~~579~~677,~~605~~090.4881 3029,~~570~~893,~~155~~064.0827 0.~~95531735~~93415826 ~~579~~677,~~605~~090.4881 M-1 0.00 76,000,000.00 1.00000000 0.00 M-2 0.00 60,000,000.00 1.00000000 0.00 M-3 0.00 24,000,000.00 1.00000000 0.00 M-4 0.00 20,000,000.00 1.00000000 0.00 M-5 0.00 5,600,000.00 1.00000000 0.00 C 0.00 10,400,000.00 1.00000962 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 R-3 0.00 0.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 Totals 2631,~~991~~105,~~482~~601.6756 1,~~531~~500,~~857~~752,~~653~~052.8832 0.~~95741103~~93797003 2631,~~991~~105,~~482~~601.6756

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 1,000,000,000.00 ~~973~~955.~~43001725~~31734616 0.00000000 1821.~~11267110~~15908773 0.00000000 A-2 372,000,000.00 ~~963~~940.~~08940519~~77971140 0.00000000 2224.~~30969379~~91780382 0.00000000 A-3 32,000,000.00 ~~973~~955.~~43001719~~31734625 0.00000000 1821.~~11267125~~15908781 0.00000000 M-1 76,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 60,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 24,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 20,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 5,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 10,399,900.00 1000.00961548 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00 0.00000000 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 1821.~~11267110~~15908773 ~~955~~934.~~31734616~~15825843 0.~~95531735~~93415826 1821.~~11267110~~15908773 A-2 0.00000000 2224.~~30969379~~91780382 ~~940~~915.~~77971140~~86190758 0.~~94077971~~91586191 2224.~~30969379~~91780382 A-3 0.00000000 1821.~~11267125~~15908781 ~~955~~934.~~31734625~~15825844 0.~~95531735~~93415826 1821.~~11267125~~15908781 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 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 1,000.00961548 1.00000962 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 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 1,000,000,000.00 1.~~41000~~42000% ~~973~~955,~~430~~317,~~017~~346.2516 1,~~181~~168,~~906~~140.2882 0.00 0.00 A-2 372,000,000.00 1.~~40000~~41000% ~~358~~349,~~269~~970,~~258~~052.7364 ~~431~~424,~~913~~921.5097 0.00 0.00 A-3 32,000,000.00 1.~~60000~~61000% 3130,~~149~~570,~~760~~155.5508 42,~~917~~382.4512 0.00 0.00 M-1 76,000,000.00 1.~~75000~~76000% 76,000,000.00 ~~114~~115,~~527~~182.7822 0.00 0.00 M-2 60,000,000.00 2.~~80000~~81000% 60,000,000.00 ~~144~~145,~~666~~183.6733 0.00 0.00 M-3 24,000,000.00 3.~~85000~~86000% 24,000,000.00 79,~~566~~773.6733 0.00 0.00 M-4 20,000,000.00 6.06000% 20,000,000.00 101,000.00 0.00 0.00 M-5 5,600,000.00 6.25000% 5,600,000.00 29,166.67 0.00 0.00 C 10,399,900.00 0.00000% 10,400,000.00 0.00 0.00 0.00 R-1 0.00 0.00000% 0.00 0.00 0.00 0.00 R-2 0.00 0.00000% 0.00 0.00 0.00 0.00 R-3 0.00 0.00000% 0.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 1,600,000,000.00 2,~~125~~105,~~665~~750.0246 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 1,~~181~~168,~~906~~140.2882 0.00 ~~955~~934,~~317~~158,~~346~~258.1643 A-2 0.00 0.00 ~~431~~424,~~913~~921.5097 0.00 ~~349~~340,~~970~~700,~~052~~629.6462 A-3 0.00 0.00 42,~~917~~382.4512 0.00 3029,~~570~~893,~~155~~064.0827 M-1 0.00 0.00 ~~114~~115,~~527~~182.7822 0.00 76,000,000.00 M-2 0.00 0.00 ~~144~~145,~~666~~183.6733 0.00 60,000,000.00 M-3 0.00 0.00 79,~~566~~773.6733 0.00 24,000,000.00 M-4 0.00 0.00 101,000.00 0.00 20,000,000.00 M-5 0.00 0.00 29,166.67 0.00 5,600,000.00 C 0.00 0.00 6,~~765~~627,~~586~~706.0791 0.00 10,400,000.00 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 ~~494~~621,~~808~~822.3310 0.00 100.00 Totals 0.00 0.00 9,~~386~~355,~~059~~279.4247 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 1,000,000,000.00 1.~~41000~~42000% ~~973~~955.~~43001725~~31734616 1.~~18190628~~16814082 0.00000000 0.00000000 A-2 372,000,000.00 1.~~40000~~41000% ~~963~~940.~~08940519~~77971140 1.~~16105780~~14226336 0.00000000 0.00000000 A-3 32,000,000.00 1.~~60000~~61000% ~~973~~955.~~43001719~~31734625 1.~~34117031~~32444125 0.00000000 0.00000000 M-1 76,000,000.00 1.~~75000~~76000% 1000.00000000 1.~~50694447~~51555553 0.00000000 0.00000000 M-2 60,000,000.00 2.~~80000~~81000% 1000.00000000 2.~~41111117~~41972217 0.00000000 0.00000000 M-3 24,000,000.00 3.~~85000~~86000% 1000.00000000 3.~~31527792~~32388875 0.00000000 0.00000000 M-4 20,000,000.00 6.06000% 1000.00000000 5.05000000 0.00000000 0.00000000 M-5 5,600,000.00 6.25000% 1000.00000000 5.20833393 0.00000000 0.00000000 C 10,399,900.00 0.00000% 1000.00961548 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00 0.00000% 0.00000000 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.~~18190628~~16814082 0.00000000 ~~955~~934.~~31734616~~15825843 A-2 0.00000000 0.00000000 1.~~16105780~~14226336 0.00000000 ~~940~~915.~~77971140~~86190758 A-3 0.00000000 0.00000000 1.~~34117031~~32444125 0.00000000 ~~955~~934.~~31734625~~15825844 M-1 0.00000000 0.00000000 1.~~50694447~~51555553 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~41111117~~41972217 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.~~31527792~~32388875 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 5.05000000 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 5.20833393 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~650~~637.~~54337734~~28563832 0.00000000 1000.00961548 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 ~~4948083~~6218221.~~30000000~~00000000 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 3741,~~291~~224,~~811~~631.4990 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 ~~494~~621,~~808~~822.3310 Total Deposits 3741,~~786~~846,~~619~~454.8200 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 1,~~409~~385,~~077~~572.7397 Payment of Interest and Principal 3640,~~377~~460,~~542~~881.0903 Total Withdrawals (Pool Distribution Amount) 3741,~~786~~846,~~619~~454.8200 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~389~~382,~~712~~965.2802 Radian PMI Policy Fee 1998,~~015,468~~777.3167 Wells Fargo 3,~~897~~830.1428 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1,~~409~~385,~~077~~572.7397

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 2017 01 0 2018 32,~~108~~477,~~683~~436.9237 0162,936.0042 0.00 32,~~108~~640,~~683~~372.9279 30 Days ~~109~~145 4 0 3 0 ~~112~~149 1722,~~746~~889,~~980~~542.6774 628,608.86 0.00 ~~540,657.41~~ 0.00 1823,~~287~~518,~~638~~151.0860 60 Days 2326 10 2628 0 5054 4,~~248~~867,~~456~~431.6866 ~~51,543~~0.00 34,~~780~~664,~~826~~438.8190 0.00 89,~~080~~531,~~826~~870.4956 90 Days 1512 47 4071 02 5992 1,~~878~~684,~~967~~859.7449 ~~742~~1,~~427~~051,090.3921 610,~~522~~790,~~218~~629.2022 0623,750.00 914,~~143~~150,~~613~~328.3392 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~~183 2528 69100 02 ~~241~~313 2329,~~874~~441,~~405~~833.0989 34,~~902~~157,~~654~~135.3144 1015,~~843~~618,~~702~~004.4254 0623,750.00 3849,~~620~~840,~~761~~723.8287 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.~~196252~~169796% 0.~~000000~~009988% 0.000000% 0.~~196252~~179784% 0.~~202886~~165032% 0.~~000000~~010854% 0.000000% 0.~~202886~~175886% 30 Days 1.~~069571~~448262% 0.~~000000~~039952% 0.~~029438~~000000% 0.000000% 1.~~099009~~488214% 1.~~158242~~524763% 0.~~000000~~041874% 0.~~035286~~000000% 0.000000% 1.~~193528~~566637% 60 Days 0.~~225689~~259688% 0.~~009813~~000000% 0.~~255127~~279664% 0.000000% 0.~~490629~~539353% 0.~~277272~~324239% 0.~~003364~~000000% 0.~~246753~~310717% 0.000000% 0.~~527388~~634956% 90 Days 0.~~147189~~119856% 0.~~039250~~069916% 0.~~392503~~709149% 0.~~000000~~019976% 0.~~578942~~918897% 0.~~122629~~112235% 0.~~048454~~070017% 0.~~425667~~718807% 0.~~000000~~041550% 0.~~596750~~942610% 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.~~442449~~827807% 0.~~245314~~279664% 0.~~677068~~998801% 0.~~000000~~019976% 23.~~364832~~126249% 1.~~558143~~961237% 0.~~254704~~276923% 01.~~707705~~040377% 0.~~000000~~041550% 23.~~520552~~320089%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~534~~659,~~891~~747.9583 Class A-2 228,000,000.00 14.25000000% 225,893,164.27 15.05199769% 22.701993% 0.000000% Class A-3 196,000,000.00 12.25000000% 196,000,100.00 13.06012540% 1.991872% 0.000000% Class M-1 120,000,000.00 7.50000000% 120,000,100.00 7.99599773% 5.064128% 0.000000% Class M-2 60,000,000.00 3.75000000% 60,000,100.00 3.99800220% 3.997996% 0.000000% Class M-3 36,000,000.00 2.25000000% 36,000,100.00 2.39880398% 1.599198% 0.000000% Class M-4 16,000,000.00 1.00000000% 16,000,100.00 1.06613881% 1.332665% 0.000000% Class R-I 10,400,000.00 0.65000000% 10,400,100.00 0.69299256% 0.000000% 0.000000% Class R-II 10,400,000.00 0.65000000% 10,400,100.00 0.69299256% 0.000000% 0.000000% Class R-III 10,400,000.00 0.65000000% 10,400,100.00 0.69299256% 0.000000% 0.000000% Class C 100.00 0.00000625% 100.00 0.00000666% 0.692986% 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.~~927638~~926870% Weighted Average Net Coupon 7.~~627638~~626869% Weighted Average Pass-Through Rate 6.~~842932~~841464% Weighted Average Maturity(Stepdown Calculation ) ~~350~~349 Beginning Scheduled Collateral Loan Count 10,~~334~~191 Number Of Loans Paid In Full ~~143~~179 Ending Scheduled Collateral Loan Count 10,~~191~~012 Beginning Scheduled Collateral Balance 1,~~558~~531,~~849~~857,~~136~~653.5387 Ending Scheduled Collateral Balance 1,~~531~~500,~~857~~752,~~653~~052.8731 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2003 1,~~532~~501,~~234~~186,~~115~~591.8661 Monthly P &I Constant 11,~~499~~305,~~193~~654.5902 Special Servicing Fee 0.00 Prepayment Penalties ~~494~~621,~~808~~822.3310 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 1,~~531~~500,~~857~~752,~~653~~052.8731 Scheduled Principal 1,~~200~~186,~~866~~623.8570 Unscheduled Principal 2529,~~790~~918,~~615~~977.8186

Trigger Event Not Triggered In Effect Since N/A Comments N/A Stepdown Date Don't Step Down In Effect Since N/A Comments N/A Unscheduled Principlal-Voluntary 2529,~~790~~918,~~615~~977.8186 Unscheduled Principlal-Involuntary 0.00 Credit Enhancement Percentage 1213.~~7949159966%~~0601120750 Other Income ~~2,002~~0.0400

Miscellaneous Reporting General Excess Available Amt 6,~~765~~627,~~586~~706.0791 Extra Principal Distribution Amt 0.00 Overcollateralization Amt 10,400,000.00 Excess Overcollateralized Amt 0.00 Overcollateralization Deficit Amt 0.00 Overcollateralization Increase Amt 0.00 Overcollateralization Release Amt 0.00 Specified Overcollateralization Amt 10,400,000.00

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.~~720890~~716686 8.~~047135~~048290 7.~~758570~~745903 Weighted Average Net Rate 7.~~420890~~416685 7.~~747135~~748290 7.~~458570~~445903 Weighted Average Maturity ~~350~~349 ~~350~~349 ~~350~~349 Beginning Loan Count 2,~~517~~494 5,~~669~~586 ~~617~~602 Loans Paid In Full 2331 83106 1510 Ending Loan Count 2,~~494~~463 5,~~586~~480 ~~602~~592 Beginning Scheduled Balance ~~332~~328,~~033~~922,~~550~~229.0288 ~~816~~801,~~614~~033,~~683~~726.0865 ~~103~~100,~~454~~318,~~418~~029.9018 Ending scheduled Balance ~~328~~324,~~922~~525,~~229~~683.8846 ~~801~~783,~~033~~594,~~726~~094.6553 ~~100~~98,~~318~~428,~~029~~631.1817 Record Date 0708/31/2003 0708/31/2003 0708/31/2003 Principal And Interest Constant 2,~~453~~431,~~924~~396.1559 65,~~044~~933,~~600~~495.7681 ~~763~~740,~~530~~939.8432 Scheduled Principal ~~317~~316,~~595~~238.4375 ~~568~~561,~~427~~036.0602 9493,~~648~~394.8757 Unscheduled Principal 24,~~793~~080,~~724~~307.7167 1516,~~012~~878,~~529~~596.3710 31,~~041~~796,~~740~~003.8544 Scheduled Interest 2,~~136~~115,~~328~~157.7284 5,~~476~~372,~~173~~459.7079 ~~668~~647,~~881~~544.9775 Servicing Fees 8382,~~008~~230.3778 ~~204~~200,~~153~~258.6872 25,~~863~~079.6346 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~830~~822.0943 2,~~041~~002.5679 ~~258~~250.6478 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee ~~242~~240,~~302~~136.7212 ~~509~~499,~~314~~193.5225 7169,~~390~~506.9378 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 2,~~053~~032,~~320~~927.6806 5,~~272~~172,~~019~~201.9307 ~~643~~622,~~018~~465.3529 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.~~542185~~537601 6.~~995707~~997466 6.~~627484~~611466

Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.~~890329~~893801 7.~~927638~~926870 Weighted Average Net Rate 7.~~590330~~593801 7.~~627638~~626869 Weighted Average Maturity ~~350~~349 ~~350~~349 Beginning Loan Count 1,~~531~~509 10,~~334~~191 Loans Paid In Full 2232 ~~143~~179 Ending Loan Count 1,~~509~~477 10,~~191~~012 Beginning Scheduled Balance ~~306~~301,~~746~~583,~~484~~668.5316 1,~~558~~531,~~849~~857,~~136~~653.5387 Ending scheduled Balance ~~301~~294,~~583~~203,~~668~~643.1615 1,~~531~~500,~~857~~752,~~653~~052.8731 Record Date 0708/31/2003 0708/31/2003 Principal And Interest Constant 2,~~237~~199,~~137~~822.8430 11,~~499~~305,~~193~~654.5902 Scheduled Principal ~~220~~215,~~195~~954.4936 1,~~200~~186,~~866~~623.8570 Unscheduled Principal 47,~~942~~164,~~620~~070.8865 2529,~~790~~918,~~615~~977.8186 Scheduled Interest 21,~~016~~983,~~942~~867.3594 10,~~298~~119,~~326~~030.7432 Servicing Fees 7675,~~686~~396.6006 ~~389~~382,~~712~~965.2802 Master Servicing Fees 0.00 0.00 Trustee Fee ~~766~~754.8528 3,~~897~~830.1428 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee ~~192~~189,~~460~~941.1452 1998,~~015,468~~777.3167 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 1,~~940~~908,~~255~~471.5988 9,~~908~~736,~~614~~065.5530 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.~~834421~~835023 6.~~842932~~841464

Filing Compare · OPTION ONE MORT ACCEPTANCE CORP ASSET BACK CERT SER 2003 2