8-K 1 dms03001_oct.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 DEUTSCHE MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 2003-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-100675-02 Pending Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) 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 DEUTSCHE MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2003-1 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 2003-1 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. DEUTSCHE MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 2003-1 Trust By: Wells Fargo Bank Minnesota, N.A., as Master Servicer 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 Mortgage Pass-Through Certificates, Series 2003-1 Trust, relating to the October 27, 2003 distribution. EX-99.1

Deutsche Mortgage Securities Mortgage Pass-Through Certificates Record Date: 89/3130/03 Distribution Date: 910/2527/03 DMS Series: 2003-1 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 I-A-1 251563BE1 SEN 4.50000% 8062,~~001~~590,~~293~~630.7407 ~~297~~230,~~229~~671.4464 1710,~~410~~900,~~663~~431.6729 I-A-2 251563BF8 SEN 1.~~61000~~62000% 2620,~~667~~863,~~097~~543.9136 3527,~~447~~680.3660 53,~~803~~633,~~554~~477.5610 I-A-3 251563BG6 SEN 6.~~89000~~88000% 0.00 ~~151~~117,~~697~~557.10 0.00 I-A-4 251563BH4 SEN 5.50000% 11,~~278~~213,~~245~~211.9281 5150,~~213~~508.7557 6564,~~034~~803.1157 I-A-5 251563BJ0 SEN 5.50000% 17,224,000.00 7877,~~213~~583.0145 0.00 I-A-6 251563BK7 SEN 5.50000% 14,~~321~~386,~~754~~788.0819 6564,~~034~~803.1157 (6564,~~034~~803.1157) I-A-7 251563BL5 SEN 5.50000% 28,500,000.00 ~~129~~128,~~416~~374.5684 0.00 I-A-8 251563BM3 SEN 5.50000% 1,500,000.00 6,~~811~~756.4057 0.00 I-A-PO 251563BN1 SEN 0.00000% ~~946~~610.9282 0.00 ~~336~~0.1079 I-A-X 251563BP6 SEN 5.50000% 0.00 8875,~~551~~900.6912 0.00 II-A 251563BQ4 SEN 5.00000% 7766,~~556~~555,~~624~~216.6260 ~~319~~272,~~881~~098.2218 114,~~001~~938,~~408~~148.0266 II-A-X 251563BR2 SEN 5.00000% 0.00 3631,~~608~~620.5868 0.00 M 251563BS0 SUB 5.~~41739~~41759% 4,~~714~~707,~~946~~967.8896 2120,~~063~~843.9506 67,~~978~~036.9209 B-1 251563BT8 SUB 5.~~41739~~41759% 2,~~142~~139,~~525~~354.8757 9,~~571~~471.7033 3,~~171~~197.3028 B-2 251563BU5 SUB 5.~~41739~~41759% 1,~~071~~069,~~262~~677.9429 4,~~785~~735.8566 1,~~585~~598.6564 B-3 DMS0301B3 SUB 5.~~41739~~41759% ~~642~~641,~~360~~409.6383 2,~~869~~839.7464 ~~950~~958.8059 B-4 DMS0301B4 SUB 5.~~41739~~41759% ~~642~~641,~~360~~409.6383 2,~~869~~839.7464 ~~950~~958.8059 B-5 DMS0301B5 SUB 5.~~41739~~41759% ~~643~~642,~~616~~663.5690 2,~~875~~845.3519 ~~952~~960.6647 R 251563BV3 SEN 5.00000% 0.00 0.00 0.00 Totals ~~266~~232,~~907~~676,~~036~~484.7023 1,~~304~~127,~~140~~129.5584 3419,~~230~~486,~~552~~767.4850

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 6251,~~590~~690,~~630~~198.0778 1711,~~707~~131,~~893~~102.1193 0.00 I-A-2 0.00 2017,~~863~~230,~~543~~066.3626 53,~~839~~661,~~001~~157.9270 0.00 I-A-3 0.00 0.00 ~~151~~117,~~697~~557.10 0.00 I-A-4 0.00 11,~~213~~148,~~211~~408.8124 ~~116~~115,~~247~~312.8614 0.00 I-A-5 0.00 17,224,000.00 7877,~~213~~583.0145 0.00 I-A-6 0.00 14,~~386~~451,~~788~~591.1976 0.00 0.00 I-A-7 0.00 28,500,000.00 ~~129~~128,~~416~~374.5684 0.00 I-A-8 0.00 1,500,000.00 6,~~811~~756.4057 0.00 I-A-PO 0.00 610.8202 ~~336~~0.1079 0.00 I-A-X 0.00 0.00 8875,~~551~~900.6912 0.00 II-A 0.00 6661,~~555~~617,~~216~~067.6094 115,~~321~~210,~~289~~246.2484 0.00 II-A-X 0.00 0.00 3631,~~608~~620.5868 0.00 M 0.00 4,~~707~~700,~~967~~931.9687 2827,~~042~~879.8715 0.00 B-1 0.00 2,~~139~~136,~~354~~157.5729 12,~~743~~668.0061 0.00 B-2 0.00 1,~~069~~068,~~677~~078.2965 6,~~371~~334.5030 0.00 B-3 0.00 ~~641~~640,~~409~~451.8324 3,~~820~~798.5423 0.00 B-4 0.00 ~~641~~640,~~409~~451.8324 3,~~820~~798.5423 0.00 B-5 0.00 ~~642~~641,~~663~~703.9043 3,~~828~~805.0166 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 ~~232~~213,~~676~~189,~~484~~716.2372 3520,~~534~~613,~~693~~897.0334 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) I-A-1 162,637,500.00 8062,~~001~~590,~~293~~630.7407 ~~136~~120,~~884~~418.7883 1710,~~273~~780,~~778~~012.8846 0.00 0.00 I-A-2 54,212,500.00 2620,~~667~~863,~~097~~543.9136 4540,~~628~~139.2661 53,~~757~~593,~~926~~337.2949 0.00 0.00 I-A-3 0.00 0.00 0.00 0.00 0.00 0.00 I-A-4 11,600,000.00 11,~~278~~213,~~245~~211.9281 ~~511~~715.3190 64,~~522~~087.8067 0.00 0.00 I-A-5 17,224,000.00 17,224,000.00 0.00 0.00 0.00 0.00 I-A-6 14,000,000.00 14,~~321~~386,~~754~~788.0819 0.00 0.00 (6564,~~034~~803.1157) 0.00 I-A-7 28,500,000.00 28,500,000.00 0.00 0.00 0.00 0.00 I-A-8 1,500,000.00 1,500,000.00 0.00 0.00 0.00 0.00 I-A-PO 42,399.00 ~~946~~610.9282 10.0468 ~~335~~0.0612 0.00 0.00 I-A-X 0.00 0.00 0.00 0.00 0.00 0.00 II-A 132,000,000.00 7766,~~556~~555,~~624~~216.6260 ~~296~~256,~~363~~990.2886 104,~~705~~681,~~044~~157.7480 0.00 0.00 II-A-X 0.00 0.00 0.00 0.00 0.00 0.00 M 4,749,000.00 4,~~714~~707,~~946~~967.8896 67,~~978~~036.9209 0.00 0.00 0.00 B-1 2,158,000.00 2,~~142~~139,~~525~~354.8757 3,~~171~~197.3028 0.00 0.00 0.00 B-2 1,079,000.00 1,~~071~~069,~~262~~677.9429 1,~~585~~598.6564 0.00 0.00 0.00 B-3 647,000.00 ~~642~~641,~~360~~409.6383 ~~950~~958.8059 0.00 0.00 0.00 B-4 647,000.00 ~~642~~641,~~360~~409.6383 ~~950~~958.8059 0.00 0.00 0.00 B-5 648,265.00 ~~643~~642,~~616~~663.5690 ~~952~~960.6647 0.00 0.00 0.00 R 100.00 0.00 0.00 0.00 0.00 0.00 Totals 431,644,764.00 ~~266~~232,~~907~~676,~~036~~484.7023 ~~493~~432,~~978~~975.8054 3319,~~801~~118,~~607~~595.7754 (6564,~~034~~803.1157) 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 I-A-1 1710,~~410~~900,~~663~~431.6729 6251,~~590~~690,~~630~~198.0778 0.~~38484747~~31782460 1710,~~410~~900,~~663~~431.6729 I-A-2 53,~~803~~633,~~554~~477.5610 2017,~~863~~230,~~543~~066.3626 0.~~38484747~~31782460 53,~~803~~633,~~554~~477.5610 I-A-3 0.00 0.00 0.00000000 0.00 I-A-4 6564,~~034~~803.1157 11,~~213~~148,~~211~~408.8124 0.~~96665619~~96106968 6564,~~034~~803.1157 I-A-5 0.00 17,224,000.00 1.00000000 0.00 I-A-6 (6564,~~034~~803.1157) 14,~~386~~451,~~788~~591.1976 1.~~02762773~~03225655 (6564,~~034~~803.1157) I-A-7 0.00 28,500,000.00 1.00000000 0.00 I-A-8 0.00 1,500,000.00 1.00000000 0.00 I-A-PO ~~336~~0.1079 610.8202 0.~~01440647~~01438760 ~~336~~0.1079 I-A-X 0.00 0.00 0.00000000 0.00 II-A 114,~~001~~938,~~408~~148.02 66 61,~~555~~617,~~216~~067.6094 0.~~50420619~~46679597 114,~~001~~938,~~408~~148.0266 II-A-X 0.00 0.00 0.00000000 0.00 M 67,~~978~~036.9209 4,~~707~~700,~~967~~931.9687 0.~~99135986~~98987826 67,~~978~~036.9209 B-1 3,~~171~~197.3028 2,~~139~~136,~~354~~157.5729 0.~~99135986~~98987826 3,~~171~~197.3028 B-2 1,~~585~~598.6564 1,~~069~~068,~~677~~078.2965 0.~~99135986~~98987827 1,~~585~~598.6564 B-3 ~~950~~958.8059 ~~641~~640,~~409~~451.8324 0.~~99135986~~98987827 ~~950~~958.8059 B-4 ~~950~~958.8059 ~~641~~640,~~409~~451.8324 0.~~99135986~~98987827 ~~950~~958.8059 B-5 ~~952~~960.6647 ~~642~~641,~~663~~703.9043 0.~~99135986~~98987826 ~~952~~960.6647 R 0.00 0.00 0.00000000 0.00 Totals 3419,~~230~~486,~~552~~767.4850 ~~232~~213,~~676~~189,~~484~~716.2372 0.~~53904623~~49390085 3419,~~230~~486,~~552~~767.4850

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 162,637,500.00 ~~491~~384.~~89943119~~84746796 0.~~84165571~~74041245 ~~106~~66.~~21030746~~28245306 0.00000000 I-A-2 54,212,500.00 ~~491~~384.~~89943113~~84746802 0.~~84165571~~74041245 ~~106~~66.~~21030740~~28245312 0.00000000 I-A-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-4 11,600,000.00 ~~972~~966.~~26257931~~65619052 0.~~04407845~~06171552 5.~~56231034~~52479914 0.00000000 I-A-5 17,224,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-6 14,000,000.00 ~~1022~~1027.~~98243429~~62772786 0.00000000 0.00000000 (4.~~64529357~~62882643) I-A-7 28,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-8 1,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-PO 42,399.00 2214.~~33354560~~40647185 0.~~02452888~~01603811 70.~~90254487~~00283026 0.00000000 I-A-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A 132,000,000.00 ~~587~~504.~~55018652~~20618636 21.~~24517636~~94690045 8135.~~09882379~~46331667 0.00000000 II-A-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M 4,749,000.00 ~~992~~991.~~82941251~~35985681 1.~~46955570~~48159402 0.00000000 0.00000000 B-1 2,158,000.00 ~~992~~991.~~82941149~~35985635 1.~~46955514~~48159407 0.00000000 0.00000000 B-2 1,079,000.00 ~~992~~991.~~82941613~~35986098 1.~~46955514~~48159407 0.00000000 0.00000000 B-3 647,000.00 ~~992~~991.~~82941267~~35986090 1.~~46955178~~48159196 0.00000000 0.00000000 B-4 647,000.00 ~~992~~991.~~82941267~~35986090 1.~~46955178~~48159196 0.00000000 0.00000000 B-5 648,265.00 ~~992~~991.~~82941390~~35986055 1.~~46955335~~48160089 0.00000000 0.00000000 R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes Are Per $1000 Denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A-1 0.00000000 ~~107~~67.~~05196323~~02286551 ~~384~~317.~~84746796~~82460244 0.~~38484747~~31782460 ~~107~~67.~~05196323~~02286551 I-A-2 0.00000000 ~~107~~67.~~05196329~~02286558 ~~384~~317.~~84746802~~82460244 0.~~38484747~~31782460 ~~107~~67.~~05196329~~02286558 I-A-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-4 0.00000000 5.~~60638879~~58651466 ~~966~~961.~~65619052~~06967586 0.~~96665619~~96106968 5.~~60638879~~58651466 I-A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-6 0.00000000 (4.~~64529357~~62882643) 1,~~027~~032.~~62772786~~25655429 1.~~02762773~~03225655 (4.~~64529357~~62882643) I-A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-PO 0.00000000 70.~~92707375~~01863251 14.~~40647185~~38760348 0.~~01440647~~01438760 70.~~92707375~~01863251 I-A-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A 0.00000000 8337.~~34400015~~41021712 ~~504~~466.~~20618636~~79596924 0.~~50420619~~46679597 8337.~~34400015~~41021712 II-A-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M 0.00000000 1.~~46955570~~48159402 ~~991~~989.~~35985681~~87826279 0.~~99135986~~98987826 1.~~46955570~~48159402 B-1 0.00000000 1.~~46955514~~48159407 ~~991~~989.~~35985635~~87826228 0.~~99135986~~98987826 1.~~46955514~~48159407 B-2 0.00000000 1.~~46955514~~48159407 ~~991~~989.~~35986098~~87826691 0.~~99135986~~98987827 1.~~46955514~~48159407 B-3 0.00000000 1.~~46955178~~48159196 ~~991~~989.~~35986090~~87826893 0.~~99135986~~98987827 1.~~46955178~~48159196 B-4 0.00000000 1.~~46955178~~48159196 ~~991~~989.~~35986090~~87826893 0.~~99135986~~98987827 1.~~46955178~~48159196 B-5 0.00000000 1.~~46955335~~48160089 ~~991~~989.~~35986055~~87825966 0.~~99135986~~98987826 1.~~46955335~~48160089 R 0.00000000 0.00000000 0.00000000 0.00000000 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 I-A-1 162,637,500.00 4.50000% 8062,~~001~~590,~~293~~630.7407 ~~300~~234,~~004~~714.8586 0.00 0.00 I-A-2 54,212,500.00 1.~~61000~~62000% 2620,~~667~~863,~~097~~543.9136 3528,~~778~~165.3678 0.00 0.00 I-A-3 0.00 6.~~89000~~88000% 2620,~~667~~863,~~097~~543.9136 ~~153~~119,~~113~~617.5965 0.00 0.00 I-A-4 11,600,000.00 5.50000% 11,~~278~~213,~~245~~211.9281 51,~~691~~393.9689 0.00 0.00 I-A-5 17,224,000.00 5.50000% 17,224,000.00 78,943.33 0.00 0.00 I-A-6 14,000,000.00 5.50000% 14,~~321~~386,~~754~~788.0819 65,~~641~~939.3745 0.00 0.00 I-A-7 28,500,000.00 5.50000% 28,500,000.00 130,625.00 0.00 0.00 I-A-8 1,500,000.00 5.50000% 1,500,000.00 6,875.00 0.00 0.00 I-A-PO 42,399.00 0.00000% ~~946~~610.9282 0.00 0.00 0.00 I-A-X 0.00 5.50000% 1916,~~500~~850,~~774~~292.3503 8977,~~378~~230.5551 0.00 0.00 II-A 132,000,000.00 5.00000% 7766,~~556~~555,~~624~~216.6260 ~~323~~277,~~152~~313.6040 0.00 0.00 II-A-X 0.00 5.00000% 87,~~875~~734,~~912~~419.4741 3632,~~982~~226.9775 0.00 0.00 M 4,749,000.00 5.~~41739~~41759% 4,~~714~~707,~~946~~967.8896 21,~~285~~254.5985 0.00 0.00 B-1 2,158,000.00 5.~~41739~~41759% 2,~~142~~139,~~525~~354.8757 9,~~672~~658.4245 0.00 0.00 B-2 1,079,000.00 5.~~41739~~41759% 1,~~071~~069,~~262~~677.9429 4,~~836~~829.2122 0.00 0.00 B-3 647,000.00 5.~~41739~~41759% ~~642~~641,~~360~~409.6383 2,~~899~~895.9374 0.00 0.00 B-4 647,000.00 5.~~41739~~41759% ~~642~~641,~~360~~409.6383 2,~~899~~895.9374 0.00 0.00 B-5 648,265.00 5.~~41739~~41759% ~~643~~642,~~616~~663.5690 2,~~905~~901.6041 0.00 0.00 R 100.00 5.00000% 0.00 0.00 0.00 0.00 Totals 431,644,764.00 1,~~316~~147,~~687~~481.2603 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 I-A-1 24,~~775~~043.4123 0.00 ~~297~~230,~~229~~671.4464 0.00 6251,~~590~~690,~~630~~198.0778 I-A-2 ~~330~~485.9919 0.00 3527,~~447~~680.3660 0.00 2017,~~863~~230,~~543~~066.3626 I-A-3 12,~~416~~060.4955 0.00 ~~151~~117,~~697~~557.10 0.00 2017,~~863~~230,~~543~~066.3626 I-A-4 ~~478~~885.2132 0.00 5150,~~213~~508.7557 0.00 11,~~213~~148,~~211~~408.8124 I-A-5 ~~730~~1,359.3289 0.00 7877,~~213~~583.0145 0.00 17,224,000.00 I-A-6 ~~607~~1,135.2688 0.00 6564,~~034~~803.1157 0.00 14,~~386~~451,~~788~~591.1976 I-A-7 12,~~208~~250.4416 0.00 ~~129~~128,~~416~~374.5684 0.00 28,500,000.00 I-A-8 63118.6043 0.00 6,~~811~~756.4057 0.00 1,500,000.00 I-A-PO 0.00 0.00 0.00 0.00 610.8202 I-A-X ~~826~~1,330.8638 0.00 8875,~~551~~900.6912 0.00 1615,~~850~~065,~~292~~444.0360 II-A 35,~~271~~215.3823 0.00 ~~319~~272,~~881~~098.2218 0.00 6661,~~555~~617,~~216~~067.6094 II-A-X ~~374~~606.3906 0.00 3631,~~608~~620.5868 0.00 7,~~734~~172,~~419~~924.4183 M ~~221~~411.6479 0.00 2120,~~063~~843.9506 0.00 4,~~707~~700,~~967~~931.9687 B-1 ~~100~~187.7212 0.00 9,~~571~~471.7033 0.00 2,~~139~~136,~~354~~157.5729 B-2 5093.3656 0.00 4,~~785~~735.8566 0.00 1,~~069~~068,~~677~~078.2965 B-3 3056.2010 0.00 2,~~869~~839.7464 0.00 ~~641~~640,~~409~~451.8324 B-4 3056.2010 0.00 2,~~869~~839.7464 0.00 ~~641~~640,~~409~~451.8324 B-5 3056.2621 0.00 2,~~875~~845.3519 0.00 ~~642~~641,~~663~~703.9043 R 0.00 0.00 0.00 0.00 0.00 Totals 1220,~~546~~351.7320 0.00 1,~~304~~127,~~140~~129.5584 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 I-A-1 162,637,500.00 4.50000% ~~491~~384.~~89943119~~84746796 1.~~84462286~~44317799 0.00000000 0.00000000 I-A-2 54,212,500.00 1.~~61000~~62000% ~~491~~384.~~89943113~~84746802 0.~~65996514~~51954402 0.00000000 0.00000000 I-A-3 0.00 6.~~89000~~88000% ~~491~~384.~~89943113~~84746802 2.~~82432262~~20645884 0.00000000 0.00000000 I-A-4 11,600,000.00 5.50000% ~~972~~966.~~26257931~~65619052 4.~~45620345~~43050776 0.00000000 0.00000000 I-A-5 17,224,000.00 5.50000% 1000.00000000 4.58333314 0.00000000 0.00000000 I-A-6 14,000,000.00 5.50000% ~~1022~~1027.~~98243429~~62772786 4.~~68866929~~70996071 0.00000000 0.00000000 I-A-7 28,500,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 I-A-8 1,500,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 I-A-PO 42,399.00 0.00000% 2214.~~33354560~~40647185 0.00000000 0.00000000 0.00000000 I-A-X 0.00 5.50000% ~~628~~542.~~18051999~~80025088 2.~~87916075~~48783464 0.00000000 0.00000000 II-A 132,000,000.00 5.00000% ~~587~~504.~~55018652~~20618636 2.~~44812576~~10085909 0.00000000 0.00000000 II-A-X 0.00 5.00000% ~~580~~506.~~88276530~~17792256 2.~~42034495~~10907484 0.00000000 0.00000000 M 4,749,000.00 5.~~41739~~41759% ~~992~~991.~~82941251~~35985681 4.~~48212045~~47564750 0.00000000 0.00000000 B-1 2,158,000.00 5.~~41739~~41759% ~~992~~991.~~82941149~~35985635 4.~~48212234~~47564875 0.00000000 0.00000000 B-2 1,079,000.00 5.~~41739~~41759% ~~992~~991.~~82941613~~35986098 4.~~48212234~~47564411 0.00000000 0.00000000 B-3 647,000.00 5.~~41739~~41759% ~~992~~991.~~82941267~~35986090 4.~~48211747~~47564142 0.00000000 0.00000000 B-4 647,000.00 5.~~41739~~41759% ~~992~~991.~~82941267~~35986090 4.~~48211747~~47564142 0.00000000 0.00000000 B-5 648,265.00 5.~~41739~~41759% ~~992~~991.~~82941390~~35986055 4.~~48211765~~47565425 0.00000000 0.00000000 R 100.00 5.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes Are Per $1000 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 I-A-1 0.~~01706501~~02486038 0.00000000 1.~~82755785~~41831767 0.00000000 ~~384~~317.~~84746796~~82460244 I-A-2 0.~~00610542~~00894978 0.00000000 0.~~65385953~~51059442 0.00000000 ~~384~~317.~~84746802~~82460244 I-A-3 0.~~02612848~~03800876 0.00000000 2.~~79819414~~16845008 0.00000000 ~~384~~317.~~84746802~~82460244 I-A-4 0.~~04122500~~07632069 0.00000000 4.~~41497845~~35418707 0.00000000 ~~966~~961.~~65619052~~06967586 I-A-5 0.~~04240130~~07895320 0.00000000 4.~~54093184~~50438052 0.00000000 1000.00000000 I-A-6 0.~~04337571~~08113429 0.00000000 4.~~64529357~~62882643 0.00000000 ~~1027~~1032.~~62772786~~25655429 I-A-7 0.~~04240140~~07895298 0.00000000 4.~~54093193~~50438035 0.00000000 1000.00000000 I-A-8 0.~~04240000~~07895333 0.00000000 4.~~54093333~~50438000 0.00000000 1000.00000000 I-A-PO 0.00000000 0.00000000 0.00000000 0.00000000 14.~~40647185~~38760348 I-A-X 0.~~02663573~~04285567 0.00000000 2.~~85252502~~44497865 0.00000000 ~~542~~485.~~80025088~~30477062 II-A 0.~~02478318~~03950932 0.00000000 2.~~42334258~~06134985 0.00000000 ~~504~~466.~~20618636~~79596924 II-A-X 0.~~02450190~~03966351 0.00000000 2.~~39584305~~06941068 0.00000000 ~~506~~469.~~17792256~~43099367 M 0.~~04667088~~08671089 0.00000000 4.~~43544957~~38893662 0.00000000 ~~991~~989.~~35985681~~87826279 B-1 0.~~04667285~~08670992 0.00000000 4.~~43544949~~38893883 0.00000000 ~~991~~989.~~35985635~~87826228 B-2 0.~~04667285~~08670992 0.00000000 4.~~43544949~~38893420 0.00000000 ~~991~~989.~~35986098~~87826691 B-3 0.~~04667697~~08670788 0.00000000 4.~~43545595~~38893354 0.00000000 ~~991~~989.~~35986090~~87826893 B-4 0.~~04667697~~08670788 0.00000000 4.~~43545595~~38893354 0.00000000 ~~991~~989.~~35986090~~87826893 B-5 0.~~04667844~~08670837 0.00000000 4.~~43545464~~38893045 0.00000000 ~~991~~989.~~35986055~~87825966 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 3520,~~591~~681,~~755~~949.0881 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 212,~~541~~739.6602 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 3520,~~613~~684,~~296~~688.7483 Withdrawals Reimbursement for Servicer Advances 2221,~~108~~541.3766 Payment of Service Fee 5649,~~495~~249.3483 Payment of Interest and Principal 3520,~~534~~613,~~693~~897.0334 Total Withdrawals (Pool Distribution Amount) 3520,~~613~~684,~~296~~688.7483 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 1220,~~546~~351.7320

SERVICING FEES Gross Servicing Fee 5548,~~605~~474.6524 Master Servicing Fee- Wells Fargo ~~889~~775.6959 Trustee Fee - Bank One 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 5649,~~495~~249.3483

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 50 0 0 0 50 ~~2,742,953~~0.5000 0.00 0.00 0.00 ~~2,742,953~~0.5000 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 10 0 10 0.00 0.00 ~~446,778~~0.4000 0.00 ~~446,778~~0.4000 150 Days 0 0 01 0 01 0.00 0.00 0446,778.0040 0.00 0446,778.0040 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 50 0 1 0 61 ~~2,742,953~~0.5000 0.00 446,778.40 0.00 3446,~~189,731~~778.9040 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 0.~~931099~~000000% 0.000000% 0.000000% 0.000000% 0.~~931099~~000000% 10.~~177097~~000000% 0.000000% 0.000000% 0.000000% 10.~~177097~~000000% 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.~~186220~~000000% 0.000000% 0.~~186220~~000000% 0.000000% 0.000000% 0.~~191728~~000000% 0.000000% 0.~~191728~~000000% 150 Days 0.000000% 0.000000% 0.~~000000~~202020% 0.000000% 0.~~000000~~202020% 0.000000% 0.000000% 0.~~000000~~209254% 0.000000% 0.~~000000~~209254% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~931099~~000000% 0.000000% 0.~~186220~~202020% 0.000000% 10.~~117318~~202020% 10.~~177097~~000000% 0.000000% 0.~~191728~~209254% 0.000000% 10.~~368826~~209254%

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 40 0 0 0 40 ~~1,765,223~~0.4100 0.00 0.00 0.00 ~~1,765,223~~0.4100 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 10 0 10 0.00 0.00 ~~446,778~~0.4000 0.00 ~~446,778~~0.4000 150 Days 0 0 01 0 01 0.00 0.00 0446,778.0040 0.00 0446,778.0040 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 40 0 1 0 5 1~~,765,223~~ 0.4100 0.00 446,778.40 0.00 2446,~~212,001~~778.8140 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~061008~~000000% 0.000000% 0.000000% 0.000000% 10.~~061008~~000000% 10.~~072167~~000000% 0.000000% 0.000000% 0.000000% 10.~~072167~~000000% 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.~~265252~~000000% 0.000000% 0.~~265252~~000000% 0.000000% 0.000000% 0.~~271366~~000000% 0.000000% 0.~~271366~~000000% 150 Days 0.000000% 0.000000% 0.~~000000~~289017% 0.000000% 0.~~000000~~289017% 0.000000% 0.000000% 0.~~000000~~297677% 0.000000% 0.~~000000~~297677% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 10.~~061008~~000000% 0.000000% 0.~~265252~~289017% 0.000000% 10.~~326260~~289017% 10.~~072167~~000000% 0.000000% 0.~~271366~~297677% 0.000000% 10.~~343532~~297677% 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 10 0 0 0 10 ~~977,730~~0.0900 0.00 0.00 0.00 ~~977,730~~0.0900 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 10 0 0 0 10 ~~977,730~~0.0900 0.00 0.00 0.00 ~~977,730~~0.0900 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~625000~~000000% 0.000000% 0.000000% 0.000000% 0.~~625000~~000000% 10.~~429720~~000000% 0.000000% 0.000000% 0.000000% 10.~~429720~~000000% 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 0.~~625000~~000000% 0.000000% 0.000000% 0.000000% 0.~~625000~~000000% 10.~~429720~~000000% 0.000000% 0.000000% 0.000000% 10.~~429720~~000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 212,~~541~~739.6602

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.02316720% 100,000.00 0.~~04297813~~04690658% Fraud 4,341,113.00 1.00571427% 2,~~326~~131,~~764~~897.8517 1.00000000% Special Hazard 4,341,113.00 1.00571427% 4,316,448.00 12.~~85512859~~02469803% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 6.~~173757~~171990% Weighted Average Net Coupon 5.~~923756~~921991% Weighted Average Pass-Through Rate 5.~~919757~~917990% Weighted Average Maturity(Stepdown Calculation ) ~~296~~295 Beginning Scheduled Collateral Loan Count ~~607~~537 Number Of Loans Paid In Full 7042 Ending Scheduled Collateral Loan Count ~~537~~495 Beginning Scheduled Collateral Balance ~~266~~232,~~907~~676,~~037~~484.3688 Ending Scheduled Collateral Balance ~~232~~213,~~676~~189,~~484~~717.8838 Ending Actual Collateral Balance at 3130-~~Aug~~Sep-2003 ~~233~~213,~~026~~509,~~888~~843.6770 Monthly P &I Constant 1,~~866~~628,~~650~~990.0550 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~232~~213,~~676~~189,~~484~~717.8838 Scheduled Principal ~~493~~432,~~467~~259.5064 Unscheduled Principal 3319,~~737~~054,~~084~~507.9886

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Coupon Rate 6.~~173757~~171990% Weighted Average Net Rate 5.~~923756~~921991% Weighted Average Pass Through Rate 5.~~919757~~917990% Weighted Average Maturity ~~296~~295 Record Date 0809/3130/2003 Principal and Interest Constant 1,~~866~~628,~~650~~990.0550 Beginning Loan Count ~~607~~537 Loans Paid in Full 7042 Ending Loan Count ~~537~~495 Beginning Scheduled Balance ~~266~~232,~~907~~676,~~037~~484.3688 Ending Scheduled Balance ~~232~~213,~~676~~189,~~484~~717.8838 Ending Actual Balance at 3130-~~Aug~~Sep-2003 ~~233~~213,~~026~~509,~~888~~843.6770 Scheduled Principal ~~493~~432,~~467~~259.5064 Unscheduled Principal 3319,~~737~~054,~~084~~507.9886 Scheduled Interest 1,~~373~~196,~~182~~730.5586 Servicing Fee 5548,~~605~~474.6524 Master Servicing Fee ~~889~~775.6959 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 1,~~316~~147,~~687~~481.2103 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.00 Special Servicing Fee 0.00 Prepayment Penalties 0.00

Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Mixed Fixed Mixed Fixed Mixed Fixed Weighted Average Coupon Rate 6.~~325319~~317367 5.~~814453~~821226 6.~~173757~~171990 Weighted Average Net Rate 6.~~075319~~067367 5.~~564453~~571226 5.~~923756~~921991 Weighted Average Maturity ~~351~~350 ~~172~~171 ~~296~~295 Beginning Loan Count ~~424~~377 ~~183~~160 ~~607~~537 Loans Paid In Full 4731 2311 7042 Ending Loan Count ~~377~~346 ~~160~~149 ~~537~~495 Beginning Scheduled Balance ~~187~~164,~~721~~498,~~848~~926.10 79 68,~~185~~177,~~189~~558.2609 ~~266~~232,~~907~~676,~~037~~484.3688 Ending scheduled Balance ~~164~~149,~~498~~956,~~926~~572.7933 6863,~~177~~233,~~558~~145.0905 ~~232~~213,~~676~~189,~~484~~717.8838 Record Date 0809/3130/2003 0809/3130/2003 0809/3130/2003 Principal And Interest Constant 1,~~180~~035,~~381~~004.4947 ~~686~~593,~~268~~986.5603 1,~~866~~628,~~650~~990.0550 Scheduled Principal ~~190~~169,~~881~~004.0740 ~~302~~263,~~586~~255.4324 ~~493~~432,~~467~~259.5064 Unscheduled Principal 2314,~~032~~373,~~040~~350.2406 104,~~705~~681,~~044~~157.7480 3319,~~737~~054,~~084~~507.9886 Scheduled Interest ~~989~~866,~~500~~000.4207 ~~383~~330,~~682~~730.1379 1,~~373~~196,~~182~~730.5586 Servicing Fees 3934,~~108~~270.7358 1614,~~496~~203.9266 5548,~~605~~474.6524 Master Servicing Fees ~~625~~548.7434 ~~263~~227.9525 ~~889~~775.6959 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 ~~949~~831,~~765~~181.9515 ~~366~~316,~~921~~299.2688 1,~~316~~147,~~687~~481.2103 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.~~071319~~063367 5.~~560453~~567226 5.~~919757~~917990

Filing Compare · DEUTSCHE MORTGAGE SECURITIES INC MORT LOAN TRUST SER 2003-1