8-K 1 ace03tc1.txt OCTOBER 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): October 27, 2003 ACE SECURITIES CORP. Asset-Backed Pass-Through Certificates, 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 October 27, 2003 a distribution was made to holders of ACE SECURITIES CORP., Asset-Backed Pass-Through Certificates, 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 Certificates, Series 2003-TC1 Trust, relating to the October 27, 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. Asset-Backed Pass-Through Certificates, 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: 10/30/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset-Backed Pass-Through Certificates, Series 2003-TC1 Trust, relating to the October 27, 2003 distribution. EX-99.1

ACE Securities Corporation Asset-Backed Pass-Through Certificates Record Date: 89/3130/03 Distribution Date: 910/2527/03 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~~43000% ~~205~~197,~~005~~291,~~045~~196.5401 250,~~675~~779.6103 75,~~713~~755,~~849~~579.5339 A-2 004421BY8 SEN 1.~~50000~~51000% 5856,~~294~~752,~~320~~151.8369 7576,~~296~~174.8300 1,~~542~~317,~~169~~261.1435 M-1 004421BZ5 MEZ 1.~~86000~~87000% 11,860,000.00 1819,~~995~~713.7796 0.00 M-2 004421CA9 MEZ 3.~~06000~~07000% 9,636,000.00 2526,~~390~~295.8657 0.00 M-3 004421CB7 MEZ 3.~~71000~~72000% 2,965,000.00 9,~~472~~804.3527 0.00 M-4 004421CC5 MEZ 4.~~86000~~87000% 2,223,000.00 9,~~303~~623.2612 0.00 CE ACE03TCCE SUB 0.00000% 1,482,144.00 1,~~113~~055,~~105~~324.0694 0.00 P ACE03TC1P SEN 0.00000% 100.00 ~~292~~189,~~508~~606.1554 0.00 Totals ~~291~~282,~~465~~209,~~610~~591.3770 1,~~794~~637,~~747~~321.8943 97,~~256~~072,~~018~~840.6774

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~197~~191,~~291~~535,~~196~~616.0162 76,~~964~~006,~~525~~358.1442 0.00 A-2 0.00 5655,~~752~~434,~~151~~890.6934 1,~~617~~393,~~465~~435.9735 0.00 M-1 0.00 11,860,000.00 1819,~~995~~713.7796 0.00 M-2 0.00 9,636,000.00 2526,~~390~~295.8657 0.00 M-3 0.00 2,965,000.00 9,~~472~~804.3527 0.00 M-4 0.00 2,223,000.00 9,~~303~~623.2612 0.00 CE 0.00 1,482,144.00 1,~~113~~055,~~105~~324.0694 0.00 P 0.00 100.00 ~~292~~189,~~508~~606.1554 0.00 Totals 0.00 ~~282~~275,~~209~~136,~~591~~750.7096 118,~~050~~710,~~766~~162.5617 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 ~~205~~197,~~005~~291,~~045~~196.5401 0.00 75,~~713~~755,~~849~~579.5339 0.00 0.00 A-2 59,017,000.00 5856,~~294~~752,~~320~~151.8369 0.00 1,~~542~~317,~~169~~261.1435 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 1,482,144.00 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 ~~291~~282,~~465~~209,~~610~~591.3770 0.00 97,~~256~~072,~~018~~840.6774 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 75,~~713~~755,~~849~~579.5339 ~~197~~191,~~291~~535,~~196~~616.0162 0.~~94256992~~91507232 75,~~713~~755,~~849~~579.5339 A-2 1,~~542~~317,~~169~~261.1435 5655,~~752~~434,~~151~~890.6934 0.~~96162380~~93930377 1,~~542~~317,~~169~~261.1435 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 97,~~256~~072,~~018~~840.6774 ~~282~~275,~~209~~136,~~591~~750.7096 0.~~95181828~~92796346 97,~~256~~072,~~018~~840.6774

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 ~~979~~942.~~42327979~~56992437 0.00000000 3627.~~85335542~~49760831 0.00000000 A-2 59,017,000.00 ~~987~~961.~~75472881~~62379806 0.00000000 2622.~~13093075~~32003236 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 1000.00032386 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 3627.~~85335542~~49760831 ~~942~~915.~~56992437~~07231606 0.~~94256992~~91507232 3627.~~85335542~~49760831 A-2 0.00000000 2622.~~13093075~~32003236 ~~961~~939.~~62379806~~30376569 0.~~96162380~~93930377 2622.~~13093075~~32003236 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~~Bankruptcy, 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~~43000% ~~205~~197,~~005~~291,~~045~~196.5401 250,~~675~~779.6103 0.00 0.00 A-2 59,017,000.00 1.~~50000~~51000% 5856,~~294~~752,~~320~~151.8369 7576,~~296~~174.8300 0.00 0.00 M-1 11,860,000.00 1.~~86000~~87000% 11,860,000.00 1819,~~995~~713.7796 0.00 0.00 M-2 9,636,000.00 3.~~06000~~07000% 9,636,000.00 2526,~~390~~295.8657 0.00 0.00 M-3 2,965,000.00 3.~~71000~~72000% 2,965,000.00 9,~~472~~804.3527 0.00 0.00 M-4 2,223,000.00 4.~~86000~~87000% 2,223,000.00 9,~~303~~623.2612 0.00 0.00 CE 1,482,143.52 0.00000% 1,482,144.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 296,495,243.52 ~~389~~392,~~134~~389.6895 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 0.00 250,~~675~~779.6103 0.00 ~~197~~191,~~291~~535,~~196~~616.0162 A-2 0.00 0.00 7576,~~296~~174.8300 0.00 5655,~~752~~434,~~151~~890.6934 M-1 0.00 0.00 1819,~~995~~713.7796 0.00 11,860,000.00 M-2 0.00 0.00 2526,~~390~~295.8657 0.00 9,636,000.00 M-3 0.00 0.00 9,~~472~~804.3527 0.00 2,965,000.00 M-4 0.00 0.00 9,~~303~~623.2612 0.00 2,223,000.00 CE 0.00 0.00 1,~~113~~055,~~105~~324.0694 0.00 1,482,144.00 P 0.00 0.00 ~~292~~189,~~508~~606.1554 0.00 100.00 Totals 0.00 0.00 1,~~794~~637,~~747~~321.8943 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 A-1 209,312,000.00 1.~~42000~~43000% ~~979~~942.~~42327979~~56992437 1.~~19761700~~19811110 0.00000000 0.00000000 A-2 59,017,000.00 1.~~50000~~51000% ~~987~~961.~~75472881~~62379806 1.~~27584984~~29071285 0.00000000 0.00000000 M-1 11,860,000.00 1.~~86000~~87000% 1000.00000000 1.~~60166695~~66222260 0.00000000 0.00000000 M-2 9,636,000.00 3.~~06000~~07000% 1000.00000000 2.~~63500000~~72888854 0.00000000 0.00000000 M-3 2,965,000.00 3.~~71000~~72000% 1000.00000000 3.~~19472175~~30666779 0.00000000 0.00000000 M-4 2,223,000.00 4.~~86000~~87000% 1000.00000000 4.~~18500225~~32888889 0.00000000 0.00000000 CE 1,482,143.52 0.00000% 1000.00032386 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.~~19761700~~19811110 0.00000000 ~~942~~915.~~56992437~~07231606 A-2 0.00000000 0.00000000 1.~~27584984~~29071285 0.00000000 ~~961~~939.~~62379806~~30376569 M-1 0.00000000 0.00000000 1.~~60166695~~66222260 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~63500000~~72888854 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.~~19472175~~30666779 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 4.~~18500225~~32888889 0.00000000 1000.00000000 CE 0.00000000 0.00000000 ~~751~~712.~~01030702~~02614710 0.00000000 1000.00032386 P 0.00000000 0.00000000 ~~2925081~~1896065.~~50000000~~40000000 0.00000000 1000.00000000 (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 ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 118,~~144~~899,~~615~~019.9110 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 6381,~~449~~819.1048 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties ~~292~~189,~~508~~606.1554 Total Deposits 119,~~500~~170,~~573~~445.1612 Withdrawals Reimbursement for Servicer Advances 4263,~~021~~449.6310 Payment of Service Fee ~~407~~396,~~784~~833.9785 Payment of Interest and Principal 118,~~050~~710,~~766~~162.5617 Total Withdrawals (Pool Distribution Amount) 119,~~500~~170,~~573~~445.1612 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~121~~117,~~444~~587.0133 Credit Risk Manager Fee - Murrayhill 3,~~643~~527.3261 Master Servicing Fee - Wells Fargo 65,~~072~~879.1737 MGIC ~~276~~269,~~625~~839.4754 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~407~~396,~~784~~833.9785

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0243.0037 0243.0037 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 03 0 0 03 0470,902.0022 0.00 0.00 0470,902.0022 30 Days 3537 0 0 0 3537 5,~~307~~111,~~143~~018.1359 0.00 0.00 0.00 5,~~307~~111,~~143~~018.1359 60 Days 164 01 015 0 1620 2663,~~542,989~~186.9671 0175,737.0094 02,156,208.0038 0.00 2,~~542~~995,~~989~~133.9603 90 Days 41 0 012 0 413 ~~430~~187,~~662~~718.9403 0.00 02,013,871.0062 0.00 ~~430~~2,~~662~~201,589.9465 120 Days 0 0 04 0 04 0.00 0.00 0430,662.0094 0.00 0430,662.0094 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 5542 04 031 0 5577 85,~~280~~961,~~796~~923.0333 0646,640.0016 04,600,742.0094 0.00 811,~~280~~209,~~796~~306.0343 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~~182149% 0.000000% 0.000000% 0.~~000000~~182149% 0.~~000000~~171004% 0.000000% 0.000000% 0.~~000000~~171004% 30 Days 2.~~078385~~246509% 0.000000% 0.000000% 0.000000% 2.~~078385~~246509% 1.~~878983~~856019% 0.000000% 0.000000% 0.000000% 1.~~878983~~856019% 60 Days 0.~~950119~~242866% 0.~~000000~~060716% 0.~~000000~~910747% 0.000000% 01.~~950119~~214329% 0.~~900340~~240830% 0.~~000000~~063818% 0.~~000000~~783007% 0.000000% 01.~~900340~~087655% 90 Days 0.~~237530~~060716% 0.000000% 0.~~000000~~728597% 0.000000% 0.~~237530~~789314% 0.~~152475~~068168% 0.000000% 0.~~000000~~731319% 0.000000% 0.~~152475~~799487% 120 Days 0.000000% 0.000000% 0.~~000000~~242866% 0.000000% 0.~~000000~~242866% 0.000000% 0.000000% 0.~~000000~~156391% 0.000000% 0.~~000000~~156391% 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 32.~~266033~~550091% 0.~~000000~~242866% 01.~~000000~~882210% 0.000000% 34.~~266033~~675167% 2.~~931799~~165017% 0.~~000000~~234821% 01.~~000000~~670717% 0.000000% 24.~~931799~~070555%

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 01 0 0 01 0173,810.0028 0.00 0.00 0173,810.0028 30 Days 35 0 0 0 35 ~~427~~563,~~348~~735.5550 0.00 0.00 0.00 ~~427~~563,~~348~~735.5550 60 Days 1 0 01 0 12 58161,~~893~~294.1271 0.00 0168,785.0055 0.00 58330,~~893~~080.1226 90 Days 4 0 0 1 0 41 ~~430,662.94~~ 0.00 0.00 58,893.12 0.00 ~~430~~58,~~662~~893.9412 120 Days 0 0 04 0 04 0.00 0.00 0430,662.0094 0.00 0430,662.0094 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 86 01 06 0 813 ~~916~~725,~~904~~030.6121 0173,810.0028 0658,341.0061 0.00 ~~916~~1,~~904~~557,182.6110 0-29 Days 0.~~000000~~273973% 0.000000% 0.000000% 0.~~000000~~273973% 0.~~000000~~324756% 0.000000% 0.000000% 0.~~000000~~324756% 30 Days 01.~~815217~~369863% 0.000000% 0.000000% 0.000000% 01.~~815217~~369863% 01.~~789610~~053313% 0.000000% 0.000000% 0.000000% 01.~~789610~~053313% 60 Days 0.~~271739~~273973% 0.000000% 0.~~000000~~273973% 0.000000% 0.~~271739~~547945% 0.~~108817~~301372% 0.000000% 0.~~000000~~315368% 0.000000% 0.~~108817~~616739% 90 Days 10.~~086957~~000000% 0.000000% 0.~~000000~~273973% 0.000000% 10.~~086957~~273973% 0.~~795734~~000000% 0.000000% 0.~~000000~~110039% 0.000000% 0.~~795734~~110039% 120 Days 0.000000% 0.000000% 01.~~000000~~095890% 0.000000% 01.~~000000~~095890% 0.000000% 0.000000% 0.~~000000~~804673% 0.000000% 0.~~000000~~804673% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 21.~~173913~~643836% 0.~~000000~~273973% 01.~~000000~~643836% 0.000000% 23.~~173913~~561644% 1.~~694160~~354685% 0.~~000000~~324756% 01.~~000000~~230080% 0.000000% 12.~~694160~~909521% 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 02 0 0 02 0297,091.0094 0.00 0.00 0297,091.0094 30 Days 2830 0 0 0 2830 4,~~254~~387,~~038~~176.9707 0.00 0.00 0.00 4,~~254~~387,~~038~~176.9707 60 Days 153 01 012 0 1516 2501,~~484,096~~892.8400 0175,737.0094 01,516,165.0028 0.00 2,~~484~~193,~~096~~795.8422 90 Days 01 0 011 0 012 0187,718.0003 0.00 01,954,978.0050 0.00 02,142,696.0053 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 4334 03 023 0 4360 65,~~738~~076,~~135~~786.8110 0472,829.0088 03,471,143.0078 0.00 69,~~738~~020,~~135~~759.8176 0-29 Days 0.~~000000~~195695% 0.000000% 0.000000% 0.~~000000~~195695% 0.~~000000~~185484% 0.000000% 0.000000% 0.~~000000~~185484% 30 Days 2.~~661597~~935421% 0.000000% 0.000000% 0.000000% 2.~~661597~~935421% 2.~~573155~~739058% 0.000000% 0.000000% 0.000000% 2.~~573155~~739058% 60 Days 10.~~425856~~293542% 0.~~000000~~097847% 01.~~000000~~174168% 0.000000% 1.~~425856~~565558% 10.~~502564~~313348% 0.~~000000~~109719% 0.~~000000~~946592% 0.000000% 1.~~502564~~369658% 90 Days 0.~~000000~~097847% 0.000000% 01.~~000000~~076321% 0.000000% 01.~~000000~~174168% 0.~~000000~~117199% 0.000000% 01.~~000000~~220557% 0.000000% 01.~~000000~~337756% 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 43.~~087452~~326810% 0.~~000000~~293542% 02.~~000000~~250489% 0.000000% 45.~~087452~~870841% 43.~~075718~~169604% 0.~~000000~~295203% 02.~~000000~~167149% 0.000000% 45.~~075718~~631956% 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 32 0 0 0 32 ~~271~~160,~~179~~107.0302 0.00 0.00 0.00 ~~271~~160,~~179~~107.0302 60 Days 0 0 01 0 01 0.00 0.00 0116,680.0097 0.00 0116,680.0097 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 32 0 01 0 3 ~~271~~160,~~179~~107.0302 0.00 0116,680.0097 0.00 ~~271~~276,~~179~~787.0399 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~470588~~990099% 0.000000% 0.000000% 0.000000% 10.~~470588~~990099% 0.~~686900~~411312% 0.000000% 0.000000% 0.000000% 0.~~686900~~411312% 60 Days 0.000000% 0.000000% 0.~~000000~~495050% 0.000000% 0.~~000000~~495050% 0.000000% 0.000000% 0.~~000000~~299751% 0.000000% 0.~~000000~~299751% 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 10.~~470588~~990099% 0.000000% 0.~~000000~~495050% 0.000000% 1.~~470588~~485149% 0.~~686900~~411312% 0.000000% 0.~~000000~~299751% 0.000000% 0.~~686900~~711063% 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 10 0 0 0 10 ~~354,576~~0.5800 0.00 0.00 0.00 ~~354,576~~0.5800 60 Days 0 0 01 0 01 0.00 0.00 0354,576.0058 0.00 0354,576.0058 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 1 0 0 1 0 1 ~~354,576.58~~ 0.00 0.00 354,576.58 0.00 354,576.58 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~666667~~000000% 0.000000% 0.000000% 0.000000% 10.~~666667~~000000% 10.~~507322~~000000% 0.000000% 0.000000% 0.000000% 10.~~507322~~000000% 60 Days 0.000000% 0.000000% 01.~~000000~~724138% 0.000000% 01.~~000000~~724138% 0.000000% 0.000000% 01.~~000000~~558015% 0.000000% 01.~~000000~~558015% 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 10.~~666667~~000000% 0.000000% 01.~~000000~~724138% 0.000000% 1.~~666667~~724138% 10.~~507322~~000000% 0.000000% 01.~~000000~~558015% 0.000000% 1.~~507322~~558015%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 6381,~~449~~819.1048

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.~~863808~~843314% Weighted Average Net Coupon 7.~~363808~~343314% Weighted Average Pass-Through Rate 6.~~184907~~155913% Weighted Average Maturity(Stepdown Calculation ) ~~347~~346 Beginning Scheduled Collateral Loan Count 1,~~736~~684 Number Of Loans Paid In Full 5237 Ending Scheduled Collateral Loan Count 1,~~684~~647 Beginning Scheduled Collateral Balance ~~291~~282,~~465~~209,~~610~~591.3770 Ending Scheduled Collateral Balance ~~282~~275,~~209~~136,~~591~~750.7096 Ending Actual Collateral Balance at 3130-~~Aug~~Sep-2003 ~~282~~275,~~447~~375,~~633~~375.5356 Monthly P &I Constant 2,~~151~~080,~~028~~475.0738 Special Servicing Fee 0.00 Prepayment Penalties ~~292~~189,~~508~~606.1554 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~282~~275,~~209~~136,~~591~~750.7096 Scheduled Principal ~~241~~236,~~003~~170.3402 Unscheduled Principal 96,~~015~~836,~~015~~670.3372 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 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

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 7.~~863808~~843314% Weighted Average Net Rate 7.~~363808~~343314% Weighted Average Pass Through Rate 6.~~184907~~155913% Weighted Average Maturity ~~347~~346 Record Date 0809/3130/2003 Principal and Interest Constant 2,~~151~~080,~~028~~475.0738 Beginning Loan Count 1,~~736~~684 Loans Paid in Full 5237 Ending Loan Count 1,~~684~~647 Beginning Scheduled Balance ~~291~~282,~~465~~209,~~610~~591.3770 Ending Scheduled Balance ~~282~~275,~~209~~136,~~591~~750.7096 Ending Actual Balance at 3130-~~Aug~~Sep-2003 ~~282~~275,~~447~~375,~~633~~375.5356 Scheduled Principal ~~241~~236,~~003~~170.3402 Unscheduled Principal 96,~~015~~836,~~015~~670.3372 Scheduled Interest 1,~~910~~844,~~024~~305.7336 Servicing Fee ~~121~~117,~~444~~587.0133 Master Servicing Fee 65,~~072~~879.1737 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee ~~280~~273,~~268~~367.7915 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 1,~~502~~447,~~239~~471.7651 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.00 Special Servicing Fee 0.00 Prepayment Penalties ~~292~~189,~~508~~606.1554 Required Overcollateralized Amount 0.00 Overcollateralized Increase Amount 0.00 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.~~499042~~479697 8.~~172939~~147622 7.~~235414~~218877 Weighted Average Net Rate 6.~~999042~~979697 7.~~672939~~647622 6.~~735414~~718877 Weighted Average Maturity ~~327~~326 ~~354~~353 ~~340~~339 Beginning Loan Count ~~377~~368 1,~~088~~052 ~~210~~204 Loans Paid In Full 93 3630 62 Ending Loan Count ~~368~~365 1,~~052~~022 ~~204~~202 Beginning Scheduled Balance 5554,~~866~~066,~~275~~662.8867 ~~171~~165,~~110~~195,~~219~~983.4917 4039,~~637~~442,~~214~~152.8924 Ending scheduled Balance 5453,~~066~~464,~~662~~751.6763 ~~165~~160,~~195~~042,~~983~~314.1782 3938,~~442~~889,~~152~~935.2479 Record Date 0809/3130/2003 0809/3130/2003 0809/3130/2003 Principal And Interest Constant ~~410~~397,~~378~~271.2223 1,~~286~~239,~~695~~982.0897 ~~285~~276,~~138~~637.3295 Scheduled Principal 6160,~~258~~269.6133 ~~121~~118,~~300~~354.5627 4039,~~115~~364.7659 Unscheduled Principal 1541,~~738,354~~641.6071 5,~~792~~035,~~935~~314.7608 1512,~~154,946~~851.8986 Scheduled Interest ~~349~~337,~~119~~001.6190 1,~~165~~121,~~394~~628.5270 ~~245~~237,~~022~~273.5636 Servicing Fees 2322,~~277~~527.6278 7168,~~295~~831.9265 16,~~932~~434.1823 Master Servicing Fees 1,~~163~~126.8639 3,~~564~~441.7959 ~~846~~821.6071 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 6059,~~828~~482.4489 ~~162~~158,~~071~~417.6702 3938,~~922~~443.1358 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 ~~263~~253,~~849~~864.6984 ~~928~~890,~~462~~938.1444 ~~187~~181,~~321~~573.6584 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.~~667455~~634485 6.~~511327~~471865 5.~~531530~~524257

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.~~571122~~576398 7.~~863808~~843314 Weighted Average Net Rate 7.~~071122~~076398 7.~~363808~~343314 Weighted Average Maturity ~~355~~354 ~~347~~346 Beginning Loan Count 6160 1,~~736~~684 Loans Paid In Full 12 5237 Ending Loan Count 6058 1,~~684~~647 Beginning Scheduled Balance 23,~~851~~504,~~900~~793.1162 ~~291~~282,~~465~~209,~~610~~591.3770 Ending scheduled Balance 2322,~~504~~739,~~793~~748.6272 ~~282~~275,~~209~~136,~~591~~750.7096 Record Date 0809/3130/2003 0809/3130/2003 Principal And Interest Constant ~~168~~166,~~816~~583.4523 2,~~151~~080,~~028~~475.0738 Scheduled Principal 18,~~328~~181.4183 ~~241~~236,~~003~~170.3402 Unscheduled Principal ~~328~~746,~~778~~863.0807 96,~~015~~836,~~015~~670.3372 Scheduled Interest ~~150~~148,~~488~~401.0440 1,~~910~~844,~~024~~305.7336 Servicing Fees 9,~~938~~793.2967 ~~121~~117,~~444~~587.0133 Master Servicing Fees ~~496~~489.9268 65,~~072~~879.1737 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 17,~~446~~023.5566 ~~280~~273,~~268~~367.7915 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~~121,~~606~~094.2839 1,~~502~~447,~~239~~471.7651 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.~~168378~~182282 6.~~184907~~155913

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