8-K 1 baf03002.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 BANC OF AMERICA FUNDING CORPORATION Mortgage Pass-Through Certificates, Series 2003-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-38154-04 54-2121780 Pooling and Servicing Agreement) (Commission 54-2121781 (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 December 26, 2003 a distribution was made to holders of BANC OF AMERICA FUNDING CORPORATION, Mortgage Pass-Through Certificates, Series 2003-2 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-2 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. BANC OF AMERICA FUNDING CORPORATION Mortgage Pass-Through Certificates, Series 2003-2 Trust By: Wells Fargo Bank Minnesota, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 1/6/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-2 Trust, relating to the December 26, 2003 distribution. EX-99.1

Banc of America Funding Corporation Mortgage Pass-Through Certificates Record Date: 911/30/03 Distribution Date: 1012/2726/03 BAF Series: 2003-2 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution 1-A-1 05946XCR2 SEN 6.50000% 9473,~~102~~251,~~714~~723.6777 ~~509~~396,~~722~~780.9913 114,~~353~~656,~~088~~920.0410 1-A-R 05946XCS0 SEN 6.50000% 0.00 0.00 0.00 1-A-LR 05946XCT8 SEN 6.50000% 0.00 0.00 0.00 1-A-WIO 05946XCU5 IO 0.~~38259~~38202% 0.00 2317,~~080~~636.5279 0.00 2-A-1 05946XCV3 SEN 6.00000% 3228,~~183~~974,~~611~~975.6822 ~~160~~144,~~918~~874.0486 2,~~384~~703,~~796~~407.0390 2-A-WIO 05946XCW1 IO 0.~~34527~~33436% 0.00 76,~~152~~257.8959 0.00 A-PO 05946XCX9 PO 0.00000% 1969,~~065,765~~627.2921 0.00 9321,~~833~~445.3944 B-1 05946XCY7 SUB 6.~~36313~~36375% 2,~~572~~563,~~799~~421.5329 13,~~642~~594.5414 4,~~674~~743.7167 B-2 05946XCZ4 SUB 6.~~36313~~36375% 1,~~385~~379,~~047~~998.0030 7,~~344~~318.3630 2,~~516~~553.6072 B-3 05946XDA8 SUB 6.~~36313~~36375% ~~890~~887,~~814~~567.4025 4,~~723~~706.6488 1,~~618~~642.5946 B-4 05946XDB6 SUB 6.~~36313~~36375% ~~295~~294,~~941~~862.7095 1,~~569~~563.2669 ~~537~~545.7265 B-5 05946XDC4 SUB 6.~~36313~~36375% ~~198~~197,~~290~~568.9010 1,~~051~~047.4673 ~~360~~365.2960 B-6 05946XDD2 SUB 6.~~36313~~36375% ~~495~~493,~~043~~239.7120 2,~~625~~615.0271 ~~899~~912.4875 Totals ~~133~~109,~~190~~012,~~028~~983.8829 ~~731~~596,~~830~~395.7282 137,~~842~~392,~~324~~537.8529

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A-1 0.00 8268,~~749~~594,~~626~~803.6267 115,~~862~~053,~~811~~700.0323 0.00 1-A-R 0.00 0.00 0.00 0.00 1-A-LR 0.00 0.00 0.00 0.00 1-A-WIO 0.00 0.00 2317,~~080~~636.5279 0.00 2-A-1 0.00 2926,~~798~~271,~~815~~567.6432 2,~~545~~848,~~714~~282.0776 0.00 2-A-WIO 0.00 0.00 76,~~152~~257.8959 0.00 A-PO 0.00 ~~971~~948,~~931~~181.9077 9321,~~833~~445.3944 0.00 B-1 0.00 2,~~568~~558,~~124~~677.8162 18,~~317~~337.2581 0.00 B-2 0.00 1,~~382~~377,~~530~~444.4058 9,~~860~~872.9602 0.00 B-3 0.00 ~~889~~885,~~195~~924.8179 6,~~342~~349.2334 0.00 B-4 0.00 ~~295~~294,~~403~~317.9829 2,~~106~~109.9834 0.00 B-5 0.00 197,~~930~~202.6150 1,~~411~~413.7533 0.00 B-6 0.00 ~~494~~492,~~144~~326.2345 3,~~524~~528.5046 0.00 Totals 0.00 ~~119~~101,~~347~~620,~~704~~445.0099 147,~~574~~988,~~155~~933.5711 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) 1-A-1 138,606,000.00 9473,~~102~~251,~~714~~723.6777 9171,~~053~~707.1615 114,~~262~~585,~~034~~212.8895 0.00 0.00 1-A-R 50.00 0.00 0.00 0.00 0.00 0.00 1-A-LR 50.00 0.00 0.00 0.00 0.00 0.00 1-A-WIO 0.00 0.00 0.00 0.00 0.00 0.00 2-A-1 52,525,000.00 3228,~~183~~974,~~611~~975.6822 ~~131~~121,~~000~~042.3346 2,~~253~~582,~~795~~365.7043 0.00 0.00 2-A-WIO 0.00 0.00 0.00 0.00 0.00 0.00 A-PO 1,570,675.00 1969,~~065,765~~627.2921 2,~~344~~238.9992 9119,~~488~~206.4152 0.00 0.00 B-1 2,582,000.00 2,~~572~~563,~~799~~421.5329 4,~~674~~743.7167 0.00 0.00 0.00 B-2 1,390,000.00 1,~~385~~379,~~047~~998.0030 2,~~516~~553.6072 0.00 0.00 0.00 B-3 894,000.00 ~~890~~887,~~814~~567.4025 1,~~618~~642.5946 0.00 0.00 0.00 B-4 297,000.00 ~~295~~294,~~941~~862.7095 ~~537~~545.7265 0.00 0.00 0.00 B-5 199,000.00 ~~198~~197,~~290~~568.9010 ~~360~~365.2960 0.00 0.00 0.00 B-6 496,814.00 ~~495~~493,~~043~~239.7120 ~~899~~912.4875 0.00 0.00 0.00 Totals 198,560,589.00 ~~133~~109,~~190~~012,~~028~~983.8829 ~~235~~205,~~005~~752.8738 137,~~607~~186,~~318~~784.9990 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 1-A-1 114,~~353~~656,~~088~~920.0410 8268,~~749~~594,~~626~~803.6267 0.~~59701331~~49489058 114,~~353~~656,~~088~~920.0410 1-A-R 0.00 0.00 0.00000000 0.00 1-A-LR 0.00 0.00 0.00000000 0.00 1-A-WIO 0.00 0.00 0.00000000 0.00 2-A-1 2,~~384~~703,~~796~~407.0390 2926,~~798~~271,~~815~~567.6432 0.~~56732633~~50017263 2,~~384~~703,~~796~~407.0390 2-A-WIO 0.00 0.00 0.00000000 0.00 A-PO 9321,~~833~~445.3944 ~~971~~948,~~931~~181.9077 0.~~61879886~~60367789 9321,~~833~~445.3944 B-1 4,~~674~~743.7167 2,~~568~~558,~~124~~677.8162 0.~~99462619~~99096732 4,~~674~~743.7167 B-2 2,~~516~~553.6072 1,~~382~~377,~~530~~444.4058 0.~~99462619~~99096732 2,~~516~~553.6072 B-3 1,~~618~~642.5946 ~~889~~885,~~195~~924.8179 0.~~99462619~~99096733 1,~~618~~642.5946 B-4 ~~537~~545.7265 ~~295~~294,~~403~~317.9829 0.~~99462620~~99096731 ~~537~~545.7265 B-5 ~~360~~365.2960 197,~~930~~202.6150 0.~~99462618~~99096734 ~~360~~365.2960 B-6 ~~899~~912.4875 ~~494~~492,~~144~~326.2345 0.~~99462622~~99096734 ~~899~~912.4875 Totals 137,~~842~~392,~~324~~537.8529 ~~119~~101,~~347~~620,~~704~~445.0099 0.~~60106441~~51178558 137,~~842~~392,~~324~~537.8529

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 138,606,000.00 ~~678~~528.~~92237472~~48883721 0.~~65692077~~51734521 8133.~~25214551~~08091244 0.00000000 1-A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000 1-A-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000 1-A-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 52,525,000.00 ~~612~~551.~~72939895~~64160343 2.~~49405673~~30447330 4249.~~90900904~~16450129 0.00000000 2-A-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-PO 1,570,675.00 ~~678~~617.~~53966607~~33153580 1.~~49298232~~42545084 5812.~~24782975~~22819488 0.00000000 B-1 2,582,000.00 ~~996~~992.~~43668861~~80452750 1.~~81049961~~83720759 0.00000000 0.00000000 B-2 1,390,000.00 ~~996~~992.~~43669065~~80453237 1.~~81050360~~83720863 0.00000000 0.00000000 B-3 894,000.00 ~~996~~992.~~43668904~~80453020 1.~~81050336~~83720358 0.00000000 0.00000000 B-4 297,000.00 ~~996~~992.~~43670034~~80454545 1.~~81050505~~83720539 0.00000000 0.00000000 B-5 199,000.00 ~~996~~992.~~43668342~~80452261 1.~~81050251~~83718593 0.00000000 0.00000000 B-6 496,814.00 ~~996~~992.~~43671475~~80455060 1.~~81049648~~83720668 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 1-A-1 0.00000000 8133.~~90906627~~59825765 ~~597~~494.~~01330837~~89057956 0.~~59701331~~49489058 8133.~~90906627~~59825765 1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-WIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 0.00000000 4551.~~40306578~~46897477 ~~567~~500.~~32633298~~17262865 0.~~56732633~~50017263 4551.~~40306578~~46897477 2-A-WIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-PO 0.00000000 5913.~~74080570~~65364573 ~~618~~603.~~79886036~~67789008 0.~~61879886~~60367789 5913.~~74080570~~65364573 B-1 0.00000000 1.~~81049961~~83720759 ~~994~~990.~~62618513~~96731991 0.~~99462619~~99096732 1.~~81049961~~83720759 B-2 0.00000000 1.~~81050360~~83720863 ~~994~~990.~~62618705~~96732374 0.~~99462619~~99096732 1.~~81050360~~83720863 B-3 0.00000000 1.~~81050336~~83720358 ~~994~~990.~~62618568~~96732662 0.~~99462619~~99096733 1.~~81050336~~83720358 B-4 0.00000000 1.~~81050505~~83720539 ~~994~~990.~~62619529~~96730640 0.~~99462620~~99096731 1.~~81050505~~83720539 B-5 0.00000000 1.~~81050251~~83718593 ~~994~~990.~~62618090~~96733668 0.~~99462618~~99096734 1.~~81050251~~83718593 B-6 0.00000000 1.~~81049648~~83720668 ~~994~~990.~~62621826~~96734392 0.~~99462622~~99096734 1.~~81049648~~83720668 (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 1-A-1 138,606,000.00 6.50000% 9473,~~102~~251,~~714~~723.6777 ~~509~~396,~~723~~780.0417 0.00 0.00 1-A-R 50.00 6.50000% 0.00 0.00 0.00 0.00 1-A-LR 50.00 6.50000% 0.00 0.00 0.00 0.00 1-A-WIO 0.00 0.~~38259~~38202% 7255,~~393~~400,~~364~~741.5197 2317,~~080~~636.5279 0.00 0.00 2-A-1 52,525,000.00 6.00000% 3228,~~183~~974,~~611~~975.6822 ~~160~~144,~~918~~874.0688 0.00 0.00 2-A-WIO 0.00 0.~~34527~~33436% 2422,~~859~~458,~~900~~253.9419 76,~~152~~257.8959 0.00 0.00 A-PO 1,570,675.00 0.00000% 1969,~~065,765~~627.2921 0.00 0.00 0.00 B-1 2,582,000.00 6.~~36313~~36375% 2,~~572~~563,~~799~~421.5329 13,~~642~~594.5414 0.00 0.00 B-2 1,390,000.00 6.~~36313~~36375% 1,~~385~~379,~~047~~998.0030 7,~~344~~318.3630 0.00 0.00 B-3 894,000.00 6.~~36313~~36375% ~~890~~887,~~814~~567.4025 4,~~723~~706.6488 0.00 0.00 B-4 297,000.00 6.~~36313~~36375% ~~295~~294,~~941~~862.7095 1,~~569~~563.2670 0.00 0.00 B-5 199,000.00 6.~~36313~~36375% ~~198~~197,~~290~~568.9010 1,~~051~~047.4673 0.00 0.00 B-6 496,814.00 6.~~36313~~36375% ~~495~~493,~~043~~239.7120 2,~~625~~615.0271 0.00 0.00 Totals 198,560,589.00 ~~731~~596,~~830~~395.7989 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 1-A-1 0.04 0.00 ~~509~~396,~~722~~780.9913 0.00 8268,~~749~~594,~~626~~803.6267 1-A-R 0.00 0.00 0.00 0.00 0.00 1-A-LR 0.00 0.00 0.00 0.00 0.00 1-A-WIO 0.00 0.00 2317,~~080~~636.5279 0.00 6452,~~877~~150,~~100~~136.4809 2-A-1 0.0102 0.00 ~~160~~144,~~918~~874.0486 0.00 2926,~~798~~271,~~815~~567.6432 2-A-WIO 0.00 0.00 76,~~152~~257.8959 0.00 2321,~~251~~604,~~210~~584.9234 A-PO 0.00 0.00 0.00 0.00 ~~971~~948,~~931~~181.9077 B-1 0.00 0.00 13,~~642~~594.5414 0.00 2,~~568~~558,~~124~~677.8162 B-2 0.00 0.00 7,~~344~~318.3630 0.00 1,~~382~~377,~~530~~444.4058 B-3 0.00 0.00 4,~~723~~706.6488 0.00 ~~889~~885,~~195~~924.8179 B-4 0.00 0.00 1,~~569~~563.2669 0.00 ~~295~~294,~~403~~317.9829 B-5 0.00 0.00 1,~~051~~047.4673 0.00 197,~~930~~202.6150 B-6 0.00 0.00 2,~~625~~615.0271 0.00 ~~494~~492,~~144~~326.2345 Totals 0.0506 0.00 ~~731~~596,~~830~~395.7282 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 1-A-1 138,606,000.00 6.50000% ~~678~~528.~~92237472~~48883721 32.~~67749621~~86264787 0.00000000 0.00000000 1-A-R 50.00 6.50000% 0.00000000 0.00000000 0.00000000 0.00000000 1-A-LR 50.00 6.50000% 0.00000000 0.00000000 0.00000000 0.00000000 1-A-WIO 0.00 0.~~38259~~38202% ~~718~~550.~~72328223~~02006573 0.~~22914403~~17509853 0.00000000 0.00000000 2-A-1 52,525,000.00 6.00000% ~~612~~551.~~72939895~~64160343 32.~~06364703~~75820809 0.00000000 0.00000000 2-A-WIO 0.00 0.~~34527~~33436% ~~627~~566.~~18790529~~59697915 0.~~18045953~~15787210 0.00000000 0.00000000 A-PO 1,570,675.00 0.00000% ~~678~~617.~~53966607~~33153580 0.00000000 0.00000000 0.00000000 B-1 2,582,000.00 6.~~36313~~36375% ~~996~~992.~~43668861~~80452750 5.~~28371030~~26496514 0.00000000 0.00000000 B-2 1,390,000.00 6.~~36313~~36375% ~~996~~992.~~43669065~~80453237 5.~~28371223~~26496403 0.00000000 0.00000000 B-3 894,000.00 6.~~36313~~36375% ~~996~~992.~~43668904~~80453020 5.~~28371365~~26496644 0.00000000 0.00000000 B-4 297,000.00 6.~~36313~~36375% ~~996~~992.~~43670034~~80454545 5.~~28370370~~26498316 0.00000000 0.00000000 B-5 199,000.00 6.~~36313~~36375% ~~996~~992.~~43668342~~80452261 5.~~28371859~~26497487 0.00000000 0.00000000 B-6 496,814.00 6.~~36313~~36375% ~~996~~992.~~43671475~~80455060 5.~~28370779~~26496838 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 1-A-1 0.00000029 0.00000000 32.~~67749585~~86264758 0.00000000 ~~597~~494.~~01330837~~89057956 1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-WIO 0.00000000 0.00000000 0.~~22914403~~17509853 0.00000000 ~~644~~517.~~10160950~~74796258 2-A-1 0.~~00000019~~00000038 0.00000000 32.~~06364664~~75820771 0.00000000 ~~567~~500.~~32633298~~17262865 2-A-WIO 0.00000000 0.00000000 0.~~18045953~~15787210 0.00000000 ~~586~~545.~~60242885~~05985480 A-PO 0.00000000 0.00000000 0.00000000 0.00000000 ~~618~~603.~~79886036~~67789008 B-1 0.00000000 0.00000000 5.~~28371030~~26496514 0.00000000 ~~994~~990.~~62618513~~96731991 B-2 0.00000000 0.00000000 5.~~28371223~~26496403 0.00000000 ~~994~~990.~~62618705~~96732374 B-3 0.00000000 0.00000000 5.~~28371365~~26496644 0.00000000 ~~994~~990.~~62618568~~96732662 B-4 0.00000000 0.00000000 5.~~28370370~~26494949 0.00000000 ~~994~~990.~~62619529~~96730640 B-5 0.00000000 0.00000000 5.~~28371859~~26497487 0.00000000 ~~994~~990.~~62618090~~96733668 B-6 0.00000000 0.00000000 5.~~28370779~~26496838 0.00000000 ~~994~~990.~~62621826~~96734392 (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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage 1-A-PO 0.00000% 0.00 0.00 ~~744~~662,~~743~~274.2419 ~~663~~652,~~040~~836.7993 5857.~~81775513~~91257984% 2-A-PO 0.00000% 0.00 0.00 ~~321~~307,~~022~~353.0502 ~~308~~295,~~891~~344.1084 6966.~~66499397~~60987156%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 147,~~587~~996,~~753~~520.2845 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1516,~~537~~259.6224 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 148,~~603~~012,~~290~~779.9069 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 2923,~~135~~846.3358 Payment of Interest and Principal 147,~~574~~988,~~155~~933.5711 Total Withdrawals (Pool Distribution Amount) 148,~~603~~012,~~290~~779.9069 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 2722,~~747~~711.9303 Master Servicer Fee 1,~~387~~135.4055 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 2923,~~135~~846.3358

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 54 0 0 0 54 21,~~086~~916,~~989~~273.50 0.00 0.00 0.00 21,~~086~~916,~~989~~273.50 60 Days 01 0 0 0 01 0413,746.0026 0.00 0.00 0.00 0413,746.0026 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 5 0 0 0 5 2,~~086~~330,~~989~~019.5076 0.00 0.00 0.00 2,~~086~~330,~~989~~019.5076 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 1.~~818182~~702128% 0.000000% 0.000000% 0.000000% 1.~~818182~~702128% 1.~~746020~~882690% 0.000000% 0.000000% 0.000000% 1.~~746020~~882690% 60 Days 0.~~000000~~425532% 0.000000% 0.000000% 0.000000% 0.~~000000~~425532% 0.~~000000~~406495% 0.000000% 0.000000% 0.000000% 0.~~000000~~406495% 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 12.~~818182~~127660% 0.000000% 0.000000% 0.000000% 12.~~818182~~127660% 12.~~746020~~289185% 0.000000% 0.000000% 0.000000% 12.~~746020~~289185%

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 34 0 0 0 34 1,~~328~~916,~~646~~273.7550 0.00 0.00 0.00 1,~~328~~916,~~646~~273.7550 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 34 0 0 0 34 1,~~328~~916,~~646~~273.7550 0.00 0.00 0.00 1,~~328~~916,~~646~~273.7550 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 12.~~492537~~380952% 0.000000% 0.000000% 0.000000% 12.~~492537~~380952% 12.~~514625~~605833% 0.000000% 0.000000% 0.000000% 12.~~514625~~605833% 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 12.~~492537~~380952% 0.000000% 0.000000% 0.000000% 12.~~492537~~380952% 12.~~514625~~605833% 0.000000% 0.000000% 0.000000% 12.~~514625~~605833% 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 20 0 0 0 20 ~~758,342~~0.7500 0.00 0.00 0.00 ~~758,342~~0.7500 60 Days 01 0 0 0 01 0413,746.0026 0.00 0.00 0.00 0413,746.0026 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 21 0 0 0 21 ~~758~~413,~~342~~746.7526 0.00 0.00 0.00 ~~758~~413,~~342~~746.7526 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 20.~~702703~~000000% 0.000000% 0.000000% 0.000000% 20.~~702703~~000000% 20.~~384185~~000000% 0.000000% 0.000000% 0.000000% 20.~~384185~~000000% 60 Days 01.~~000000~~492537% 0.000000% 0.000000% 0.000000% 01.~~000000~~492537% 01.~~000000~~464798% 0.000000% 0.000000% 0.000000% 01.~~000000~~464798% 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 21.~~702703~~492537% 0.000000% 0.000000% 0.000000% 21.~~702703~~492537% 21.~~384185~~464798% 0.000000% 0.000000% 0.000000% 21.~~384185~~464798%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1516,~~537~~259.6224

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 6.~~856063~~827544% Weighted Average Pass-Through Rate 6.~~593563~~565044% Weighted Average Maturity(Stepdown Calculation ) ~~291~~289 Beginning Scheduled Collateral Loan Count ~~308~~252 Number Of Loans Paid In Full 3317 Ending Scheduled Collateral Loan Count ~~275~~235 Beginning Scheduled Collateral Balance ~~133~~109,~~190~~012,~~029~~983.5294 Ending Scheduled Collateral Balance ~~119~~101,~~347~~620,~~704~~446.6665 Ending Actual Collateral Balance at 30-~~Sep~~Nov-2003 ~~119~~101,~~528~~783,~~380~~806.4971 Monthly P &I Constant ~~995~~825,~~971~~994.9183 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Non-PO Optimal Amount 147,~~344~~904,~~925~~431.1898 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans ~~119~~101,~~347~~620,~~704~~446.6665 Scheduled Principal ~~235~~205,~~005~~752.8739 Unscheduled Principal 137,~~607~~186,~~318~~784.9990

Miscellaneous Reporting Total Senior Percentage 9594.~~581480~~616368% Aggregate Subordinate Percentage 45.~~418520~~383632%

Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Mixed Fixed Mixed Fixed Mixed Fixed Weighted Average Coupon Rate 6.~~993163~~978242 6.~~457714~~446028 6.~~856063~~827544 Weighted Average Net Rate 6.~~743162~~728242 6.~~207714~~196028 6.~~606063~~577544 Weighted Average Maturity ~~341~~339 ~~160~~158 ~~291~~289 Beginning Loan Count ~~228~~180 8072 ~~308~~252 Loans Paid In Full 2712 65 3317 Ending Loan Count ~~201~~168 7467 ~~275~~235 Beginning Scheduled Balance 9978,~~087~~145,~~284~~618.0959 3430,~~102~~867,~~745~~365.4335 ~~133~~109,~~190~~012,~~029~~983.5294 Ending scheduled Balance 8773,~~648~~475,~~391~~118.1784 3128,~~699~~145,~~313~~327.4981 ~~119~~101,~~347~~620,~~704~~446.6665 Record Date 0911/30/2003 0911/30/2003 0911/30/2003 Principal And Interest Constant ~~673~~530,~~394~~997.7052 ~~322~~294,~~577~~997.2131 ~~995~~825,~~971~~994.9183 Scheduled Principal 9576,~~950~~564.1399 ~~139~~129,~~055~~187.7440 ~~235~~205,~~005~~752.8739 Unscheduled Principal 114,~~342~~593,~~942~~934.7976 2,~~264~~592,~~376~~850.2014 137,~~607~~186,~~318~~784.9990 Scheduled Interest ~~577~~454,~~444~~432.5753 ~~183~~165,~~521~~809.4791 ~~760~~620,~~966~~242.0444 Servicing Fees 2016,~~643~~280.1933 76,~~104~~430.7470 2722,~~747~~711.9303 Master Servicing Fees ~~1,032~~814.1602 ~~355~~321.2453 1,~~387~~135.4055 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 ~~555~~437,~~769~~338.2218 ~~176~~159,~~061~~057.4968 ~~731~~596,~~830~~395.7186 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.~~730663~~715742 6.~~195214~~183528 6.~~593563~~565044

Miscellaneous Reporting Group Group 1 CPR 7651.~~785397~~701172% Subordinate Percentage 45.~~311284~~461329% Subordinate Prepayment Percentage 0.000000% Senior Prepayment Percentage 100.000000% Senior Percentage 9594.~~688716~~538671% Group Group 2 CPR 5665.~~306191~~267320% Subordinate Percentage 45.~~730698~~186637% Subordinate Prepayment Percentage 0.000000% Senior Prepayment Percentage 100.000000% Senior Percentage 9594.~~269302~~813363%

Filing Compare · BANC OF AMERICAN FUNDING CORP MORT PASS THRU CERT SER 2003-2