8-K 1 dms03001.txt DECEMBER 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): December 26, 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 December 26, 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 December 26, 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 as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/30/03 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 December 26, 2003 distribution. EX-99.1

Deutsche Mortgage Securities Mortgage Pass-Through Certificates Record Date: 911/30/03 Distribution Date: 1012/2726/03 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% 6246,~~590~~905,~~630~~367.0798 ~~230~~175,~~671~~895.6412 101,~~900~~748,~~431~~169.2992 I-A-2 251563BF8 SEN 1.~~62000~~61875% 2015,~~863~~635,~~543~~122.3666 2721,~~680~~091.6013 3582,~~633,477~~723.1031 I-A-3 251563BG6 SEN 6.~~88000~~88125% 0.00 ~~117~~89,~~557~~657.1065 0.00 I-A-4 251563BH4 SEN 5.50000% 11,~~213~~082,~~211~~171.8178 50,~~508~~793.5728 6466,~~803~~540.5704 I-A-5 251563BJ0 SEN 5.50000% 17,224,000.00 7778,~~583~~943.4533 0.00 I-A-6 251563BK7 SEN 5.50000% 14,~~386~~517,~~788~~828.1922 6466,~~803~~540.5704 (6466,~~803~~540.5703) I-A-7 251563BL5 SEN 5.50000% 28,500,000.00 ~~128~~130,~~374~~624.8499 0.00 I-A-8 251563BM3 SEN 5.50000% 1,500,000.00 6,~~756~~875.5700 0.00 I-A-PO 251563BN1 SEN 0.00000% ~~610~~609.8222 0.00 0.7980 I-A-X 251563BP6 SEN 5.50000% 0.00 7565,~~900~~975.1270 0.00 II-A 251563BQ4 SEN 5.00000% 6658,~~555~~652,~~216~~061.6002 ~~272~~244,~~098~~383.1857 41,~~938~~717,~~148~~341.6677 II-A-X 251563BR2 SEN 5.00000% 0.00 3128,~~620~~426.6860 0.00 M 251563BS0 SUB 5.~~41759~~41798% 4,~~707~~693,~~967~~837.9624 2021,~~843~~192.0659 7,~~036~~166.0968 B-1 251563BT8 SUB 5.~~41759~~41798% 2,~~139~~132,~~354~~933.5741 9,~~471~~630.3315 3,~~197~~256.2862 B-2 251563BU5 SUB 5.~~41759~~41798% 1,~~069~~066,~~677~~466.2971 4,~~735~~815.6608 1,~~598~~628.6431 B-3 DMS0301B3 SUB 5.~~41759~~41798% ~~641~~639,~~409~~484.8367 2,~~839~~887.6426 ~~958~~976.5938 B-4 DMS0301B4 SUB 5.~~41759~~41798% ~~641~~639,~~409~~484.8367 2,~~839~~887.6426 ~~958~~976.5938 B-5 DMS0301B5 SUB 5.~~41759~~41798% ~~642~~640,~~663~~734.9098 2,~~845~~892.1991 ~~960~~978.4729 R 251563BV3 SEN 5.00000% 0.00 0.00 0.00 Totals ~~232~~203,~~676~~830,~~484~~102.2356 1,~~127~~003,~~129~~511.8466 194,~~486~~063,~~767~~218.5047

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 5145,~~690~~157,198.7806 111,~~131~~924,~~102~~065.9304 0.00 I-A-2 0.00 1715,~~230~~052,~~066~~399.2635 3603,~~661,157~~814.7044 0.00 I-A-3 0.00 0.00 ~~117~~89,~~557~~657.1065 0.00 I-A-4 0.00 11,~~148~~015,~~408~~631.2474 ~~115~~117,~~312~~333.1432 0.00 I-A-5 0.00 17,224,000.00 7778,~~583~~943.4533 0.00 I-A-6 0.00 14,~~451~~584,~~591~~368.7626 0.0001 0.00 I-A-7 0.00 28,500,000.00 ~~128~~130,~~374~~624.8499 0.00 I-A-8 0.00 1,500,000.00 6,~~756~~875.5700 0.00 I-A-PO 0.00 ~~610~~608.0242 0.7980 0.00 I-A-X 0.00 0.00 7565,~~900~~975.1270 0.00 II-A 0.00 6156,~~617~~934,~~067~~719.9425 51,~~210~~961,~~246~~725.8434 0.00 II-A-X 0.00 0.00 3128,~~620~~426.6860 0.00 M 0.00 4,~~700~~686,~~931~~670.8756 2728,~~879~~359.1527 0.00 B-1 0.00 2,~~136~~129,~~157~~676.2979 12,~~668~~886.6177 0.00 B-2 0.00 1,~~068~~064,~~078~~838.6540 6,~~334~~443.3039 0.00 B-3 0.00 ~~640~~638,~~451~~508.2429 3,~~798~~863.2364 0.00 B-4 0.00 ~~640~~638,~~451~~508.2429 3,~~798~~863.2364 0.00 B-5 0.00 ~~641~~639,~~703~~756.4368 3,~~805~~871.6620 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 ~~213~~199,~~189~~766,~~716~~884.7209 205,~~613~~066,~~897~~730.3413 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 6246,~~590~~905,~~630~~367.0798 ~~120~~105,~~418~~650.8315 101,~~780~~642,~~012~~519.4676 0.00 0.00 I-A-2 54,212,500.00 2015,~~863~~635,~~543~~122.3666 4035,~~139~~216.6172 3547,~~593,337~~506.4959 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,~~213~~082,~~211~~171.8178 ~~715~~4,021.9033 6462,~~087~~518.6771 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,~~386~~517,~~788~~828.1922 0.00 0.00 (6466,~~803~~540.5703) 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 ~~610~~609.8222 0.68 0.12 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 6658,~~555~~652,~~216~~061.6002 ~~256~~234,~~990~~863.8658 41,~~681~~482,~~157~~478.8019 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,~~707~~693,~~967~~837.9624 7,~~036~~166.0968 0.00 0.00 0.00 B-1 2,158,000.00 2,~~139~~132,~~354~~933.5741 3,~~197~~256.2862 0.00 0.00 0.00 B-2 1,079,000.00 1,~~069~~066,~~677~~466.2971 1,~~598~~628.6431 0.00 0.00 0.00 B-3 647,000.00 ~~641~~639,~~409~~484.8367 ~~958~~976.5938 0.00 0.00 0.00 B-4 647,000.00 ~~641~~639,~~409~~484.8367 ~~958~~976.5938 0.00 0.00 0.00 B-5 648,265.00 ~~642~~640,~~663~~734.9098 ~~960~~978.4729 0.00 0.00 0.00 R 100.00 0.00 0.00 0.00 0.00 0.00 Totals 431,644,764.00 ~~232~~203,~~676~~830,~~484~~102.2356 ~~432~~394,~~975~~735.5412 193,~~118~~735,~~595~~023.5437 (6466,~~803~~540.5703) 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-1 101,~~900~~748,~~431~~169.2992 5145,~~690~~157,198.7806 0.~~31782460~~27765551 101,~~900~~748,~~431~~169.2992 I-A-2 3582,~~633,477~~723.1031 1715,~~230~~052,~~066~~399.2635 0.~~31782460~~27765551 3582,~~633,477~~723.1031 I-A-3 0.00 0.00 0.00000000 0.00 I-A-4 6466,~~803~~540.5704 11,~~148~~015,~~408~~631.2474 0.~~96106968~~94962343 6466,~~803~~540.5704 I-A-5 0.00 17,224,000.00 1.00000000 0.00 I-A-6 (6466,~~803~~540.5703) 14,~~451~~584,~~591~~368.7626 1.~~03225655~~04174059 (6466,~~803~~540.5703) 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 0.7980 ~~610~~608.0242 0.~~01438760~~01434987 0.7980 I-A-X 0.00 0.00 0.00000000 0.00 II-A 41,~~938~~717,~~148~~341.6677 6156,~~617~~934,~~067~~719.9425 0.~~46679597~~43132363 41,~~938~~717,~~148~~341.6677 II-A-X 0.00 0.00 0.00000000 0.00 M 7,~~036~~166.0968 4,~~700~~686,~~931~~670.8756 0.~~98987826~~98687525 7,~~036~~166.0968 B-1 3,~~197~~256.2862 2,~~136~~129,~~157~~676.2979 0.~~98987826~~98687525 3,~~197~~256.2862 B-2 1,~~598~~628.6431 1,~~068~~064,~~078~~838.6540 0.~~98987827~~98687525 1,~~598~~628.6431 B-3 ~~958~~976.5938 ~~640~~638,~~451~~508.2429 0.~~98987827~~98687526 ~~958~~976.5938 B-4 ~~958~~976.5938 ~~640~~638,~~451~~508.2429 0.~~98987827~~98687526 ~~958~~976.5938 B-5 ~~960~~978.4729 ~~641~~639,~~703~~756.4368 0.~~98987826~~98687524 ~~960~~978.4729 R 0.00 0.00 0.00000000 0.00 Totals 194,~~486~~063,~~767~~218.5047 ~~213~~199,~~189~~766,~~716~~884.7209 0.~~49390085~~46280391 194,~~486~~063,~~767~~218.5047

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 ~~384~~288.~~84746796~~40438386 0.~~74041245~~64960510 6610.~~28245306~~09926837 0.00000000 I-A-2 54,212,500.00 ~~384~~288.~~84746802~~40438386 0.~~74041245~~64960516 6610.~~28245312~~09926843 0.00000000 I-A-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-4 11,600,000.00 ~~966~~955.~~65619052~~35963621 0.~~06171552~~34666638 5.~~52479914~~38954397 0.00000000 I-A-5 17,224,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-6 14,000,000.00 ~~1027~~1036.~~62772786~~98773000 0.00000000 0.00000000 (4.~~62882643~~75285929) 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 14.~~40647185~~36873511 0.01603811 0.00283026 0.00000000 I-A-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A 132,000,000.00 ~~504~~444.~~20618636~~33379561 1.~~94690045~~77926955 3511.~~46331667~~23089538 0.00000000 II-A-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M 4,749,000.00 ~~991~~988.~~35985681~~38434197 1.~~48159402~~50909244 0.00000000 0.00000000 B-1 2,158,000.00 ~~991~~988.~~35985635~~38434198 1.~~48159407~~50909175 0.00000000 0.00000000 B-2 1,079,000.00 ~~991~~988.~~35986098~~38434662 1.~~48159407~~50909175 0.00000000 0.00000000 B-3 647,000.00 ~~991~~988.~~35986090~~38434312 1.~~48159196~~50908810 0.00000000 0.00000000 B-4 647,000.00 ~~991~~988.~~35986090~~38434312 1.~~48159196~~50908810 0.00000000 0.00000000 B-5 648,265.00 ~~991~~988.~~35986055~~38434899 1.~~48160089~~50908965 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 6710.~~02286551~~74887354 ~~317~~277.~~82460244~~65551032 0.~~31782460~~27765551 6710.~~02286551~~74887354 I-A-2 0.00000000 6710.~~02286558~~74887360 ~~317~~277.~~82460244~~65551026 0.~~31782460~~27765551 6710.~~02286558~~74887360 I-A-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-4 0.00000000 5.~~58651466~~73621034 ~~961~~949.~~06967586~~62342586 0.~~96106968~~94962343 5.~~58651466~~73621034 I-A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-6 0.00000000 (4.~~62882643~~75285929) 1,~~032~~041.~~25655429~~74059000 1.~~03225655~~04174059 (4.~~62882643~~75285929) 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 0.~~01863251~~01886837 14.~~38760348~~34986674 0.~~01438760~~01434987 0.~~01863251~~01886837 I-A-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A 0.00000000 3713.~~41021712~~01016492 ~~466~~431.~~79596924~~32363068 0.~~46679597~~43132363 3713.~~41021712~~01016492 II-A-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M 0.00000000 1.~~48159402~~50909244 ~~989~~986.~~87826279~~87524953 0.~~98987826~~98687525 1.~~48159402~~50909244 B-1 0.00000000 1.~~48159407~~50909175 ~~989~~986.~~87826228~~87525023 0.~~98987826~~98687525 1.~~48159407~~50909175 B-2 0.00000000 1.~~48159407~~50909175 ~~989~~986.~~87826691~~87525487 0.~~98987827~~98687525 1.~~48159407~~50909175 B-3 0.00000000 1.~~48159196~~50908810 ~~989~~986.~~87826893~~87525502 0.~~98987827~~98687526 1.~~48159196~~50908810 B-4 0.00000000 1.~~48159196~~50908810 ~~989~~986.~~87826893~~87525502 0.~~98987827~~98687526 1.~~48159196~~50908810 B-5 0.00000000 1.~~48160089~~50908965 ~~989~~986.~~87825966~~87524392 0.~~98987826~~98687524 1.~~48160089~~50908965 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, 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% 6246,~~590~~905,~~630~~367.0798 ~~234~~175,~~714~~895.8613 0.00 0.00 I-A-2 54,212,500.00 1.~~62000~~61875% 2015,~~863~~635,~~543~~122.3666 2821,~~165~~091.7813 0.00 0.00 I-A-3 0.00 6.~~88000~~88125% 2015,~~863~~635,~~543~~122.3666 ~~119~~89,~~617~~657.6566 0.00 0.00 I-A-4 11,600,000.00 5.50000% 11,~~213~~082,~~211~~171.8178 5150,~~393~~793.8929 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,~~386~~517,~~788~~828.1922 6566,~~939~~540.4505 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% ~~610~~609.8222 0.00 0.00 0.00 I-A-X 0.00 5.50000% 1614,~~850~~394,~~292~~698.0321 7765,~~230~~975.5170 0.00 0.00 II-A 132,000,000.00 5.00000% 6658,~~555~~652,~~216~~061.6002 ~~277~~244,~~313~~383.4059 0.00 0.00 II-A-X 0.00 5.00000% 76,~~734~~822,~~419~~385.4139 3228,~~226~~426.7561 0.00 0.00 M 4,749,000.00 5.~~41759~~41798% 4,~~707~~693,~~967~~837.9624 21,~~254~~192.8559 0.00 0.00 B-1 2,158,000.00 5.~~41759~~41798% 2,~~139~~132,~~354~~933.5741 9,~~658~~630.4516 0.00 0.00 B-2 1,079,000.00 5.~~41759~~41798% 1,~~069~~066,~~677~~466.2971 4,~~829~~815.2208 0.00 0.00 B-3 647,000.00 5.~~41759~~41798% ~~641~~639,~~409~~484.8367 2,~~895~~887.7426 0.00 0.00 B-4 647,000.00 5.~~41759~~41798% ~~641~~639,~~409~~484.8367 2,~~895~~887.7426 0.00 0.00 B-5 648,265.00 5.~~41759~~41798% ~~642~~640,~~663~~734.9098 2,~~901~~892.4191 0.00 0.00 R 100.00 5.00000% 0.00 0.00 0.00 0.00 Totals 431,644,764.00 1,~~147~~003,~~481~~511.0375 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 ~~4,043~~0.2301 0.00 ~~230~~175,~~671~~895.6412 0.00 5145,~~690~~157,198.7806 I-A-2 ~~485~~0.1900 0.00 2721,~~680~~091.6013 0.00 1715,~~230~~052,~~066~~399.2635 I-A-3 ~~2,060~~0.5501 0.00 ~~117~~89,~~557~~657.1065 0.00 1715,~~230~~052,~~066~~399.2635 I-A-4 ~~885~~0.3200 0.00 50,~~508~~793.5728 0.00 11,~~148~~015,~~408~~631.2474 I-A-5 ~~1,359~~0.8900 0.00 7778,~~583~~943.4533 0.00 17,224,000.00 I-A-6 ~~1,135~~0.8800 0.00 6466,~~803~~540.5704 0.00 14,~~451~~584,~~591~~368.7626 I-A-7 ~~2,250~~0.1601 0.00 ~~128~~130,~~374~~624.8499 0.00 28,500,000.00 I-A-8 ~~118~~0.4300 0.00 6,~~756~~875.5700 0.00 1,500,000.00 I-A-PO 0.00 0.00 0.00 0.00 ~~610~~608.0242 I-A-X ~~1,330~~0.3800 0.00 7565,~~900~~975.1270 0.00 1514,~~065~~068,~~444~~168.6099 II-A ~~5,215~~0.2301 0.00 ~~272~~244,~~098~~383.1857 0.00 6156,~~617~~934,~~067~~719.9425 II-A-X ~~606~~0.0600 0.00 3128,~~620~~426.6860 0.00 76,~~172~~590,~~924~~868.8324 M ~~411~~0.7900 0.00 2021,~~843~~192.0659 0.00 4,~~700~~686,~~931~~670.8756 B-1 ~~187~~0.1200 0.00 9,~~471~~630.3315 0.00 2,~~136~~129,~~157~~676.2979 B-2 930.5600 0.00 4,~~735~~815.6608 0.00 1,~~068~~064,~~078~~838.6540 B-3 560.1000 0.00 2,~~839~~887.6426 0.00 ~~640~~638,~~451~~508.2429 B-4 560.1000 0.00 2,~~839~~887.6426 0.00 ~~640~~638,~~451~~508.2429 B-5 560.2100 0.00 2,~~845~~892.1991 0.00 ~~641~~639,~~703~~756.4368 R 0.00 0.00 0.00 0.00 0.00 Totals ~~20,351~~0.2004 0.00 1,~~127~~003,~~129~~511.8466 0.00 (4) Amount Does Not Include Excess Special Hazard, 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% ~~384~~288.~~84746796~~40438386 1.~~44317799~~08151644 0.00000000 0.00000000 I-A-2 54,212,500.00 1.~~62000~~61875% ~~384~~288.~~84746802~~40438386 0.~~51954402~~38904552 0.00000000 0.00000000 I-A-3 0.00 6.~~88000~~88125% ~~384~~288.~~84746802~~40438386 21.~~20645884~~65381895 0.00000000 0.00000000 I-A-4 11,600,000.00 5.50000% ~~966~~955.~~65619052~~35963621 4.~~43050776~~37873190 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% ~~1027~~1036.~~62772786~~98773000 4.~~70996071~~75286071 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% 14.~~40647185~~36873511 0.00000000 0.00000000 0.00000000 I-A-X 0.00 5.50000% ~~542~~463.~~80025088~~69794575 2.~~48783464~~12528225 0.00000000 0.00000000 II-A 132,000,000.00 5.00000% ~~504~~444.~~20618636~~33379561 21.~~10085909~~85139083 0.00000000 0.00000000 II-A-X 0.00 5.00000% ~~506~~446.~~17792256~~48999240 21.~~10907484~~86037524 0.00000000 0.00000000 M 4,749,000.00 5.~~41759~~41798% ~~991~~988.~~35985681~~38434197 4.~~47564750~~46253738 0.00000000 0.00000000 B-1 2,158,000.00 5.~~41759~~41798% ~~991~~988.~~35985635~~38434198 4.~~47564875~~46253939 0.00000000 0.00000000 B-2 1,079,000.00 5.~~41759~~41798% ~~991~~988.~~35986098~~38434662 4.~~47564411~~46253939 0.00000000 0.00000000 B-3 647,000.00 5.~~41759~~41798% ~~991~~988.~~35986090~~38434312 4.~~47564142~~46253478 0.00000000 0.00000000 B-4 647,000.00 5.~~41759~~41798% ~~991~~988.~~35986090~~38434312 4.~~47564142~~46253478 0.00000000 0.00000000 B-5 648,265.00 5.~~41759~~41798% ~~991~~988.~~35986055~~38434899 4.~~47565425~~46254232 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.~~02486038~~00000006 0.00000000 1.~~41831767~~08151638 0.00000000 ~~317~~277.~~82460244~~65551032 I-A-2 0.~~00894978~~00000000 0.00000000 0.~~51059442~~38904552 0.00000000 ~~317~~277.~~82460244~~65551026 I-A-3 0.~~03800876~~00000018 0.00000000 21.~~16845008~~65381877 0.00000000 ~~317~~277.~~82460244~~65551026 I-A-4 0.~~07632069~~00000000 0.00000000 4.~~35418707~~37873103 0.00000000 ~~961~~949.~~06967586~~62342586 I-A-5 0.~~07895320~~00000000 0.00000000 4.~~50438052~~58333314 0.00000000 1000.00000000 I-A-6 0.~~08113429~~00000000 0.00000000 4.~~62882643~~75286000 0.00000000 ~~1032~~1041.~~25655429~~74059000 I-A-7 0.~~07895298~~00000035 0.00000000 4.~~50438035~~58333298 0.00000000 1000.00000000 I-A-8 0.~~07895333~~00000000 0.00000000 4.~~50438000~~58333333 0.00000000 1000.00000000 I-A-PO 0.00000000 0.00000000 0.00000000 0.00000000 14.~~38760348~~34986674 I-A-X 0.~~04285567~~00000000 0.00000000 2.~~44497865~~12528225 0.00000000 ~~485~~453.~~30477062~~17942523 II-A 0.~~03950932~~00000008 0.00000000 21.~~06134985~~85139068 0.00000000 ~~466~~431.~~79596924~~32363068 II-A-X 0.~~03966351~~00000000 0.00000000 21.~~06941068~~86037459 0.00000000 ~~469~~431.~~43099367~~33838712 M 0.~~08671089~~00000000 0.00000000 4.~~38893662~~46253738 0.00000000 ~~989~~986.~~87826279~~87524953 B-1 0.~~08670992~~00000000 0.00000000 4.~~38893883~~46253475 0.00000000 ~~989~~986.~~87826228~~87525023 B-2 0.~~08670992~~00000000 0.00000000 4.~~38893420~~46253939 0.00000000 ~~989~~986.~~87826691~~87525487 B-3 0.~~08670788~~00000000 0.00000000 4.~~38893354~~46253478 0.00000000 ~~989~~986.~~87826893~~87525502 B-4 0.~~08670788~~00000000 0.00000000 4.~~38893354~~46253478 0.00000000 ~~989~~986.~~87826893~~87525502 B-5 0.~~08670837~~00000000 0.00000000 4.~~38893045~~46254232 0.00000000 ~~989~~986.~~87825966~~87524392 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, 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 205,~~681~~109,~~949~~940.8119 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 212,~~739~~655.0272 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 205,~~684~~122,~~688~~595.8391 Withdrawals Reimbursement for Servicer Advances 2112,~~541~~721.6676 Payment of Service Fee 4943,~~249~~144.8302 Payment of Interest and Principal 205,~~613~~066,~~897~~730.3413 Total Withdrawals (Pool Distribution Amount) 205,~~684~~122,~~688~~595.8391 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 ~~20,351~~0.2004

SERVICING FEES Gross Servicing Fee 4842,~~474~~464.2459 Master Servicing Fee- Wells Fargo ~~775~~679.5943 Trustee Fee - Bank One 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 4943,~~249~~144.8302

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 03 0 0 0 03 01,091,344.0014 0.00 0.00 0.00 01,091,344.0014 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 01 0 0 0 01 0491,136.0067 0.00 0.00 0.00 0491,136.0067 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 10 0 10 0.00 0.00 ~~446,778~~0.4000 0.00 ~~446,778~~0.4000 180+ Days 0 0 01 0 01 0.00 0.00 0446,778.0040 0.00 0446,778.0040 Totals 04 0 1 0 15 01,582,480.0081 0.00 446,778.40 0.00 ~~446~~2,~~778~~029,259.4021 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.~~000000~~643777% 0.000000% 0.000000% 0.000000% 0.~~000000~~643777% 0.~~000000~~545451% 0.000000% 0.000000% 0.000000% 0.~~000000~~545451% 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~~214592% 0.000000% 0.000000% 0.000000% 0.~~000000~~214592% 0.~~000000~~245469% 0.000000% 0.000000% 0.000000% 0.~~000000~~245469% 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.~~202020~~000000% 0.000000% 0.~~202020~~000000% 0.000000% 0.000000% 0.~~209254~~000000% 0.000000% 0.~~209254~~000000% 180+ Days 0.000000% 0.000000% 0.~~000000~~214592% 0.000000% 0.~~000000~~214592% 0.000000% 0.000000% 0.~~000000~~223299% 0.000000% 0.~~000000~~223299% Totals 0.~~000000~~858369% 0.000000% 0.~~202020~~214592% 0.000000% 01.~~202020~~072961% 0.~~000000~~790919% 0.000000% 0.~~209254~~223299% 0.000000% 01.~~209254~~014218%

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 03 0 0 0 03 01,091,344.0014 0.00 0.00 0.00 01,091,344.0014 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 01 0 0 0 01 0491,136.0067 0.00 0.00 0.00 0491,136.0067 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 10 0 10 0.00 0.00 ~~446,778~~0.4000 0.00 ~~446,778~~0.4000 180 Days 0 0 01 0 01 0.00 0.00 0446,778.0040 0.00 0446,778.0040 Totals 04 0 1 0 15 01,582,480.0081 0.00 446,778.40 0.00 ~~446~~2,~~778~~029,259.4021 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~000000~~920245% 0.000000% 0.000000% 0.000000% 0.~~000000~~920245% 0.~~000000~~772034% 0.000000% 0.000000% 0.000000% 0.~~000000~~772034% 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~~306748% 0.000000% 0.000000% 0.000000% 0.~~000000~~306748% 0.~~000000~~347438% 0.000000% 0.000000% 0.000000% 0.~~000000~~347438% 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.~~289017~~000000% 0.000000% 0.~~289017~~000000% 0.000000% 0.000000% 0.~~297677~~000000% 0.000000% 0.~~297677~~000000% 180 Days 0.000000% 0.000000% 0.~~000000~~306748% 0.000000% 0.~~000000~~306748% 0.000000% 0.000000% 0.~~000000~~316058% 0.000000% 0.~~000000~~316058% Totals 01.~~000000~~226994% 0.000000% 0.~~289017~~306748% 0.000000% 01.~~289017~~533742% 01.~~000000~~119472% 0.000000% 0.~~297677~~316058% 0.000000% 01.~~297677~~435531% 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 212,~~739~~655.0272

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.02316720% 100,000.00 0.~~04690658~~05005835% Fraud 4,341,113.00 1.00571427% 21,~~131~~997,~~897~~668.1785 1.00000000% Special Hazard 4,341,113.00 1.00571427% 4,316,448.00 2.~~02469803~~16074251% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 6.~~171990~~161930% Weighted Average Net Coupon 5.~~921991~~911930% Weighted Average Pass-Through Rate 5.~~917990~~907930% Weighted Average Maturity(Stepdown Calculation ) ~~295~~293 Beginning Scheduled Collateral Loan Count ~~537~~476 Number Of Loans Paid In Full 4210 Ending Scheduled Collateral Loan Count ~~495~~466 Beginning Scheduled Collateral Balance ~~232~~203,~~676~~830,~~484~~103.8823 Ending Scheduled Collateral Balance ~~213~~199,~~189~~766,~~717~~884.3876 Ending Actual Collateral Balance at 30-~~Sep~~Nov-2003 ~~213~~200,~~509~~081,~~843~~208.7080 Monthly P &I Constant 1,~~628~~437,~~990~~369.5052 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 ~~213~~199,~~189~~766,~~717~~884.3876 Scheduled Principal ~~432~~390,~~259~~713.6481 Unscheduled Principal 193,~~054~~672,~~507~~504.8666

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Coupon Rate 6.~~171990~~161930% Weighted Average Net Rate 5.~~921991~~911930% Weighted Average Pass Through Rate 5.~~917990~~907930% Weighted Average Maturity ~~295~~293 Record Date 0911/30/2003 Principal and Interest Constant 1,~~628~~437,~~990~~369.5052 Beginning Loan Count ~~537~~476 Loans Paid in Full 4210 Ending Loan Count ~~495~~466 Beginning Scheduled Balance ~~232~~203,~~676~~830,~~484~~103.8823 Ending Scheduled Balance ~~213~~199,~~189~~766,~~717~~884.3876 Ending Actual Balance at 30-~~Sep~~Nov-2003 ~~213~~200,~~509~~081,~~843~~208.7080 Scheduled Principal ~~432~~390,~~259~~713.6481 Unscheduled Principal 193,~~054~~672,~~507~~504.8666 Scheduled Interest 1,~~196~~046,~~730~~655.8671 Servicing Fee 4842,~~474~~464.2459 Master Servicing Fee ~~775~~679.5943 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,~~147~~003,~~481~~511.0369 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.000000 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.~~317367~~305427 5.~~821226~~820062 6.~~171990~~161930 Weighted Average Net Rate 6.~~067367~~055427 5.~~571226~~570062 5.~~921991~~911930 Weighted Average Maturity ~~350~~348 ~~171~~169 ~~295~~293 Beginning Loan Count ~~377~~332 ~~160~~144 ~~537~~476 Loans Paid In Full 316 114 4210 Ending Loan Count ~~346~~326 ~~149~~140 ~~495~~466 Beginning Scheduled Balance ~~164~~143,~~498~~568,~~926~~285.7935 6860,~~177~~261,~~558~~817.0988 ~~232~~203,~~676~~830,~~484~~103.8823 Ending scheduled Balance ~~149~~141,~~956~~228,~~572~~854.3369 6358,~~233~~538,~~145~~030.0507 ~~213~~199,~~189~~766,~~717~~884.3876 Record Date 0911/30/2003 0911/30/2003 0911/30/2003 Principal And Interest Constant 1903,~~035,004~~786.4799 ~~593~~533,~~986~~582.0353 1,~~628~~437,~~990~~369.5052 Scheduled Principal ~~169~~149,~~004~~404.4019 ~~263~~241,~~255~~309.2462 ~~432~~390,~~259~~713.6481 Unscheduled Principal 142,~~373~~190,~~350~~026.0647 41,~~681~~482,~~157~~478.80 19 3,~~054~~672,~~507~~504.8666 Scheduled Interest ~~866~~754,~~000~~382.0780 ~~330~~292,~~730~~272.7991 1,~~196~~046,~~730~~655.8671 Servicing Fees 3429,~~270~~910.5806 1412,~~203~~554.6653 4842,~~474~~464.2459 Master Servicing Fees ~~548~~478.3456 ~~227~~200.2587 ~~775~~679.5943 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 ~~831~~723,~~181~~994.1518 ~~316~~279,~~299~~517.8851 1,~~147~~003,~~481~~511.0369 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.000000 0.000000 0.000000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~063367~~051427 5.~~567226~~566062 5.~~917990~~907930

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