8-K 1 ace03tc1.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 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 December 26, 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 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. 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 as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 1/7/04 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 December 26, 2003 distribution. EX-99.1

ACE Securities Corporation Asset-Backed Pass-Through Certificates Record Date: 1011/3130/03 Distribution Date: 1112/2526/03 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.~~43000~~42875% ~~191~~183,~~535~~838,~~616~~046.6230 ~~220~~226,~~638~~178.3825 78,~~697~~508,~~570~~845.3241 A-2 004421BY8 SEN 1.~~51000~~50875% 5552,~~434~~895,~~890~~875.3429 6768,~~430~~722.3839 2,~~539~~685,~~015~~164.0508 M-1 004421BZ5 MEZ 1.~~87000~~86875% 11,860,000.00 1719,~~865~~085.7713 0.00 M-2 004421CA9 MEZ 3.~~07000~~06875% 9,636,000.00 2325,~~830~~463.3646 0.00 M-3 004421CB7 MEZ 3.~~72000~~71875% 2,965,000.00 89,~~885~~494.1269 0.00 M-4 004421CC5 MEZ 4.~~87000~~86875% 2,223,000.00 89,~~720~~320.9500 0.00 CE ACE03TCCE SUB 0.00000% 1,482,144.00 1991,~~062,706~~956.1434 0.00 P ACE03TC1P SEN 0.00000% 100.00 ~~322~~338,~~840~~157.0767 0.00 Totals ~~275~~264,~~136~~900,~~750~~165.9659 1,~~732~~688,~~917~~377.1793 1011,~~236~~194,~~585~~009.3749

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~183~~175,~~838~~329,~~046~~200.3089 78,~~918~~735,~~208~~023.7066 0.00 A-2 0.00 5250,~~895~~210,~~875~~711.2921 2,~~606~~753,~~445~~886.4347 0.00 M-1 0.00 11,860,000.00 1719,~~865~~085.7713 0.00 M-2 0.00 9,636,000.00 2325,~~830~~463.3646 0.00 M-3 0.00 2,965,000.00 89,~~885~~494.1269 0.00 M-4 0.00 2,223,000.00 89,~~720~~320.9500 0.00 CE 0.00 1,482,144.00 1991,~~062,706~~956.1434 0.00 P 0.00 100.00 ~~322~~338,~~840~~157.0767 0.00 Totals 0.00 ~~264~~253,~~900~~706,~~165~~156.5910 1112,~~969~~882,~~502~~387.5442 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 ~~191~~183,~~535~~838,~~616~~046.6230 0.00 78,~~697~~508,~~570~~845.3241 0.00 0.00 A-2 59,017,000.00 5552,~~434~~895,~~890~~875.3429 0.00 2,~~539~~685,~~015~~164.0508 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 ~~275~~264,~~136~~900,~~750~~165.9659 0.00 1011,~~236~~194,~~585~~009.3749 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 78,~~697~~508,~~570~~845.3241 ~~183~~175,~~838~~329,~~046~~200.3089 0.~~87829674~~83764524 78,~~697~~508,~~570~~845.3241 A-2 2,~~539~~685,~~015~~164.0508 5250,~~895~~210,~~875~~711.2921 0.~~89628201~~85078386 2,~~539~~685,~~015~~164.0508 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 1011,~~236~~194,~~585~~009.3749 ~~264~~253,~~900~~706,~~165~~156.5910 0.~~89343816~~85568373 1011,~~236~~194,~~585~~009.3749

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 ~~915~~878.~~07231606~~29673550 0.00000000 3640.~~77558057~~65149351 0.00000000 A-2 59,017,000.00 ~~939~~896.~~30376569~~28200840 0.00000000 4345.~~02175729~~49814596 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 3640.~~77558057~~65149351 ~~878~~837.~~29673550~~64524198 0.~~87829674~~83764524 3640.~~77558057~~65149351 A-2 0.00000000 4345.~~02175729~~49814596 ~~896~~850.~~28200840~~78386245 0.~~89628201~~85078386 4345.~~02175729~~49814596 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, 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.~~43000~~42875% ~~191~~183,~~535~~838,~~616~~046.6230 ~~220~~226,~~638~~178.3925 0.00 0.00 A-2 59,017,000.00 1.~~51000~~50875% 5552,~~434~~895,~~890~~875.3429 6768,~~430~~722.3839 0.00 0.00 M-1 11,860,000.00 1.~~87000~~86875% 11,860,000.00 1719,~~865~~085.7713 0.00 0.00 M-2 9,636,000.00 3.~~07000~~06875% 9,636,000.00 2325,~~830~~463.3646 0.00 0.00 M-3 2,965,000.00 3.~~72000~~71875% 2,965,000.00 89,~~885~~494.1269 0.00 0.00 M-4 2,223,000.00 4.~~87000~~86875% 2,223,000.00 89,~~720~~320.9500 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 ~~347~~358,~~370~~263.9792 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 0.0100 0.00 ~~220~~226,~~638~~178.3825 0.00 ~~183~~175,~~838~~329,~~046~~200.3089 A-2 0.00 0.00 6768,~~430~~722.3839 0.00 5250,~~895~~210,~~875~~711.2921 M-1 0.00 0.00 1719,~~865~~085.7713 0.00 11,860,000.00 M-2 0.00 0.00 2325,~~830~~463.3646 0.00 9,636,000.00 M-3 0.00 0.00 89,~~885~~494.1269 0.00 2,965,000.00 M-4 0.00 0.00 89,~~720~~320.9500 0.00 2,223,000.00 CE 0.00 0.00 1991,~~062,706~~956.1434 0.00 1,482,144.00 P 0.00 0.00 ~~322~~338,~~840~~157.0767 0.00 100.00 Totals 0.0100 0.00 1,~~732~~688,~~917~~377.1793 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 A-1 209,312,000.00 1.~~43000~~42875% ~~915~~878.~~07231606~~29673550 1.~~05411247~~08057947 0.00000000 0.00000000 A-2 59,017,000.00 1.~~51000~~50875% ~~939~~896.~~30376569~~28200840 1.~~14255858~~16445075 0.00000000 0.00000000 M-1 11,860,000.00 1.~~87000~~86875% 1000.00000000 1.~~50638870~~60920152 0.00000000 0.00000000 M-2 9,636,000.00 3.~~07000~~06875% 1000.00000000 2.~~47305521~~64253425 0.00000000 0.00000000 M-3 2,965,000.00 3.~~72000~~71875% 1000.00000000 23.~~99666779~~20225632 0.00000000 0.00000000 M-4 2,223,000.00 4.~~87000~~86875% 1000.00000000 34.~~92305443~~19253261 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.~~00000005~~00000000 0.00000000 1.~~05411243~~08057947 0.00000000 ~~878~~837.~~29673550~~64524198 A-2 0.00000000 0.00000000 1.~~14255858~~16445075 0.00000000 ~~896~~850.~~28200840~~78386245 M-1 0.00000000 0.00000000 1.~~50638870~~60920152 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~47305521~~64253425 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 23.~~99666779~~20225632 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 34.~~92305443~~19253261 0.00000000 1000.00000000 CE 0.00000000 0.00000000 ~~717~~669.~~00623162~~27144815 0.00000000 1000.00032386 P 0.00000000 0.00000000 ~~3228400~~3381576.70000000 0.00000000 1000.00000000 (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 12,~~015~~940,~~171~~949.3671 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~100~~79,~~204~~075.5435 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties ~~322~~338,~~840~~157.0767 Total Deposits 1213,~~438~~358,~~215~~182.9773 Withdrawals Reimbursement for Servicer Advances 81100,~~819~~204.4854 Payment of Service Fee ~~386~~375,~~893~~590.9577 Payment of Interest and Principal 1112,~~969~~882,~~502~~387.5442 Total Withdrawals (Pool Distribution Amount) 1213,~~438~~358,~~215~~182.9773 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~114~~110,~~640~~375.3309 Credit Risk Manager Fee - Murrayhill 3,~~439~~311.2326 Master Servicing Fee - Wells Fargo 5,~~732~~518.0375 MGIC ~~263~~256,~~082~~385.3667 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~386~~375,~~893~~590.9577

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 54 1 0 65 ~~813~~605,~~707~~160.0150 107,~~764~~669.6052 0.00 ~~921~~712,~~471~~830.6102 30 Days 4425 0 03 0 4428 63,~~289~~692,~~802~~703.1277 0.00 0405,099.0097 0.00 64,~~289~~097,~~802~~803.1274 60 Days 39 0 131 0 1610 ~~479~~1,~~881~~040,015.1750 0.00 191,~~772,106~~793.5087 0.00 21,~~251~~131,~~987~~809.6737 90 Days 3 0 19 15 0 1612 484,910.90 0.00 ~~175~~1,~~737.94 2~~203,~~224,131~~735.1824 0.00 21,~~399~~688,~~869~~646.1214 120 Days 0 01 11 0 1112 0.00 0175,737.0094 1,~~688~~649,~~961~~573.0334 0.00 1,~~688~~825,~~961~~311.0328 150 Days 0 0 39 0 39 0.00 0.00 ~~298~~1,~~227~~354,961.6603 0.00 ~~298~~1,~~227~~354,961.6603 180+ Days 0 0 03 0 03 0.00 0.00 0298,227.0066 0.00 0298,227.0066 Totals 4737 65 4337 0 9679 65,~~769~~217,~~683~~630.2917 ~~989~~780,~~444~~898.9544 65,~~091~~111,~~190~~060.9763 0.00 1311,~~850~~109,~~319~~589.2124 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.~~313283~~260586% 0.~~062657~~065147% 0.000000% 0.~~375940~~325733% 0.~~306895~~238425% 0.~~040644~~042420% 0.000000% 0.~~347540~~280845% 30 Days 21.~~756892~~628664% 0.000000% 0.~~000000~~195440% 0.000000% 21.~~756892~~824104% 21.~~372244~~454874% 0.000000% 0.~~000000~~159604% 0.000000% 21.~~372244~~614478% 60 Days 0.~~187970~~586319% 0.000000% 0.~~814536~~065147% 0.000000% 10.~~002506~~651466% 0.~~180991~~409752% 0.000000% 0.~~668363~~036166% 0.000000% 0.~~849353~~445917% 90 Days 0.~~000000~~195440% 0.~~062657~~000000% 0.~~939850~~586319% 0.000000% 10.~~002506~~781759% 0.~~000000~~191048% 0.~~066281~~000000% 0.~~838847~~474255% 0.000000% 0.~~905128~~665303% 120 Days 0.000000% 0.~~000000~~065147% 0.~~689223~~716612% 0.000000% 0.~~689223~~781759% 0.000000% 0.~~000000~~069238% 0.~~637004~~649909% 0.000000% 0.~~637004~~719147% 150 Days 0.000000% 0.000000% 0.~~187970~~586319% 0.000000% 0.~~187970~~586319% 0.000000% 0.000000% 0.~~112479~~533836% 0.000000% 0.~~112479~~533836% 180+ Days 0.000000% 0.000000% 0.~~000000~~195440% 0.000000% 0.~~000000~~195440% 0.000000% 0.000000% 0.~~000000~~117498% 0.000000% 0.~~000000~~117498% Totals 2.~~944862~~410423% 0.~~375940~~325733% 2.~~694236~~410423% 0.000000% 65.~~015038~~146580% 2.~~553235~~055674% 0.~~373176~~307663% 2.~~297337~~013687% 0.000000% 54.~~223748~~377025%

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 1 0 0 1 173,~~675~~404.7620 0.00 0.00 173,~~675~~404.7620 30 Days 53 0 0 0 53 ~~527~~285,~~824~~868.1159 0.00 0.00 0.00 ~~527~~285,~~824~~868.1159 60 Days 1 0 0 1 0 1 106,079.21 0.00 0.00 ~~149,248.34~~ 0.00 ~~149~~106,~~248~~079.3421 90 Days 0 0 20 0 20 0.00 0.00 ~~330,080~~0.2600 0.00 ~~330,080~~0.2600 120 Days 0 0 1 0 1 0.00 0.00 58161,~~893~~294.1271 0.00 58161,~~893~~294.1271 150 Days 0 0 31 0 31 0.00 0.00 ~~298~~58,~~227~~893.6612 0.00 ~~298~~58,~~227~~893.6612 180 Days 0 0 03 0 03 0.00 0.00 0298,227.0066 0.00 0298,227.0066 Totals 54 1 75 0 1310 ~~527~~391,~~824~~947.1180 173,~~675~~404.7620 ~~836~~518,~~449~~415.3849 0.00 1,~~537~~083,~~949~~767.2549 0-29 Days 0.~~278552~~289017% 0.000000% 0.000000% 0.~~278552~~289017% 0.~~329805~~342346% 0.000000% 0.000000% 0.~~329805~~342346% 30 Days 10.~~392758~~867052% 0.000000% 0.000000% 0.000000% 10.~~392758~~867052% 10.~~002323~~564380% 0.000000% 0.000000% 0.000000% 10.~~002323~~564380% 60 Days 0.~~000000~~289017% 0.000000% 0.~~278552~~000000% 0.000000% 0.~~278552~~289017% 0.~~000000~~209428% 0.000000% 0.~~283418~~000000% 0.000000% 0.~~283418~~209428% 90 Days 0.000000% 0.000000% 0.~~557103~~000000% 0.000000% 0.~~557103~~000000% 0.000000% 0.000000% 0.~~626813~~000000% 0.000000% 0.~~626813~~000000% 120 Days 0.000000% 0.000000% 0.~~278552~~289017% 0.000000% 0.~~278552~~289017% 0.000000% 0.000000% 0.~~111836~~318438% 0.000000% 0.~~111836~~318438% 150 Days 0.000000% 0.000000% 0.~~835655~~289017% 0.000000% 0.~~835655~~289017% 0.000000% 0.000000% 0.~~566326~~116271% 0.000000% 0.~~566326~~116271% 180 Days 0.000000% 0.000000% 0.~~000000~~867052% 0.000000% 0.~~000000~~867052% 0.000000% 0.000000% 0.~~000000~~588780% 0.000000% 0.~~000000~~588780% Totals 1.~~392758~~156069% 0.~~278552~~289017% 1.~~949861~~445087% 0.000000% 32.~~621170~~890173% 10.~~002323~~773809% 0.~~329805~~342346% 1.~~588394~~023489% 0.000000% 2.~~920522~~139644% 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 43 1 0 54 ~~640~~431,~~031~~756.2530 107,~~764~~669.6052 0.00 ~~747~~539,~~795~~425.8582 30 Days 3821 0 03 0 3824 53,~~657~~357,~~318~~250.2884 0.00 0405,099.0097 0.00 53,~~657~~762,~~318~~350.2881 60 Days 37 0 101 0 138 ~~479~~829,~~881~~276.1756 0.00 191,~~462,751~~793.1487 0.00 1921,~~942,632~~070.3143 90 Days 3 0 18 11 0 1211 484,910.90 0.00 ~~175,737.94~~ 1,~~422~~109,~~793~~064.3726 0.00 1,~~598~~593,~~531~~975.3116 120 Days 0 01 108 0 109 0.00 0175,737.0094 1,~~630~~017,~~067~~021.9108 0.00 1,~~630~~192,~~067~~759.9102 150 Days 0 0 08 0 08 0.00 0.00 01,296,067.0091 0.00 01,296,067.0091 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 4131 54 3229 0 7864 64,~~137~~671,~~199~~438.4530 ~~815~~607,~~769~~494.1924 4,~~623~~026,~~377~~716.0261 0.00 119,~~576~~305,~~345~~649.6615 0-29 Days 0.~~406091~~316790% 0.~~101523~~105597% 0.000000% 0.~~507614~~422386% 0.~~417406~~294233% 0.~~070280~~073375% 0.000000% 0.~~487687~~367608% 30 Days 32.~~857868~~217529% 0.000000% 0.~~000000~~316790% 0.000000% 32.~~857868~~534319% 32.~~689507~~287901% 0.000000% 0.~~000000~~276068% 0.000000% 32.~~689507~~563969% 60 Days 0.~~304569~~739176% 0.000000% 10.~~015228~~105597% 0.000000% 10.~~319797~~844773% 0.~~312962~~565136% 0.000000% 0.~~953956~~062556% 0.000000% 10.~~266918~~627692% 90 Days 0.~~000000~~316790% 0.~~101523~~000000% 10.~~116751~~844773% 0.000000% 1.~~218274~~161563% 0.~~000000~~330457% 0.~~114610~~000000% 0.~~927897~~755806% 0.000000% 1.~~042507~~086263% 120 Days 0.000000% 0.~~000000~~105597% 10.~~015228~~844773% 0.000000% 10.~~015228~~950370% 0.000000% 0.~~000000~~119762% 10.~~063074~~693080% 0.000000% 10.~~063074~~812842% 150 Days 0.000000% 0.000000% 0.~~000000~~844773% 0.000000% 0.~~000000~~844773% 0.000000% 0.000000% 0.~~000000~~883245% 0.000000% 0.~~000000~~883245% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 43.~~162437~~273495% 0.~~507614~~422386% 3.~~248731~~062302% 0.000000% 76.~~918782~~758184% 43.~~002469~~183494% 0.~~532016~~413995% 32.~~015206~~744129% 0.000000% 76.~~549692~~341618% 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 1 0 0 0 1 ~~104~~49,~~659~~584.7334 0.00 0.00 0.00 ~~104~~49,~~659~~584.7334 60 Days 1 0 0 2 0 21 104,659.73 0.00 0.00 ~~160,107.02~~ 0.00 ~~160~~104,~~107~~659.0273 90 Days 0 0 1 0 1 0.00 0.00 ~~116~~94,~~680~~670.9798 0.00 ~~116~~94,~~680~~670.9798 120 Days 0 0 01 0 01 0.00 0.00 0116,680.0097 0.00 0116,680.0097 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 12 0 32 0 4 ~~104~~154,~~659~~244.7307 0.00 ~~276~~211,~~787~~351.9995 0.00 ~~381~~365,~~447~~596.7202 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~505051~~520833% 0.000000% 0.000000% 0.000000% 0.~~505051~~520833% 0.~~274641~~134707% 0.000000% 0.000000% 0.000000% 0.~~274641~~134707% 60 Days 0.~~000000~~520833% 0.000000% 10.~~010101~~000000% 0.000000% 10.~~010101~~520833% 0.~~000000~~284332% 0.000000% 0.~~420143~~000000% 0.000000% 0.~~420143~~284332% 90 Days 0.000000% 0.000000% 0.~~505051~~520833% 0.000000% 0.~~505051~~520833% 0.000000% 0.000000% 0.~~306187~~257196% 0.000000% 0.~~306187~~257196% 120 Days 0.000000% 0.000000% 0.~~000000~~520833% 0.000000% 0.~~000000~~520833% 0.000000% 0.000000% 0.~~000000~~316991% 0.000000% 0.~~000000~~316991% 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 01.~~505051~~041667% 0.000000% 1.~~515152~~041667% 0.000000% 2.~~020202~~083333% 0.~~274641~~419040% 0.000000% 0.~~726329~~574187% 0.000000% 10.~~000971~~993226% 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 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 10 0 10 0.00 0.00 ~~354,576~~0.5800 0.00 ~~354,576~~0.5800 120 Days 0 0 01 0 01 0.00 0.00 0354,576.0058 0.00 0354,576.0058 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 1 0 1 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 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% 10.~~851852~~000000% 0.000000% 10.~~851852~~000000% 0.000000% 0.000000% 10.~~685392~~000000% 0.000000% 10.~~685392~~000000% 120 Days 0.000000% 0.000000% 02.000000% 0.000000% 02.000000% 0.000000% 0.000000% 01.~~000000~~807592% 0.000000% 01.~~000000~~807592% 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% 12.~~851852~~000000% 0.000000% 12.~~851852~~000000% 0.000000% 0.000000% 1.~~685392~~807592% 0.000000% 1.~~685392~~807592%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~100~~79,~~204~~075.5435

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.~~837431~~817939% Weighted Average Net Coupon 7.~~337431~~317938% Weighted Average Pass-Through Rate 6.~~150006~~116509% Weighted Average Maturity(Stepdown Calculation ) ~~345~~344 Beginning Scheduled Collateral Loan Count 1,~~647~~596 Number Of Loans Paid In Full 5161 Ending Scheduled Collateral Loan Count 1,~~596~~535 Beginning Scheduled Collateral Balance ~~275~~264,~~136~~900,~~750~~165.9659 Ending Scheduled Collateral Balance ~~264~~253,~~900~~706,~~165~~156.5910 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2003 ~~265~~253,~~141~~816,~~416~~008.8906 Monthly P &I Constant 21,~~029~~951,~~164~~816.5158 Special Servicing Fee 0.00 Prepayment Penalties ~~322~~338,~~840~~157.0767 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~264~~253,~~900~~706,~~165~~156.5910 Scheduled Principal ~~232~~226,~~193~~005.4956 Unscheduled Principal 10,~~004~~968,~~391~~003.8893 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.~~837431~~817939% Weighted Average Net Rate 7.~~337431~~317938% Weighted Average Pass Through Rate 6.~~150006~~116509% Weighted Average Maturity ~~345~~344 Record Date 1011/3130/2003 Principal and Interest Constant 21,~~029~~951,~~164~~816.5158 Beginning Loan Count 1,~~647~~596 Loans Paid in Full 5161 Ending Loan Count 1,~~596~~535 Beginning Scheduled Balance ~~275~~264,~~136~~900,~~750~~165.9659 Ending Scheduled Balance ~~264~~253,~~900~~706,~~165~~156.5910 Ending Actual Balance at 3130-~~Oct~~Nov-2003 ~~265~~253,~~141~~816,~~416~~008.8906 Scheduled Principal ~~232~~226,~~193~~005.4956 Unscheduled Principal 10,~~004~~968,~~391~~003.8893 Scheduled Interest 1,~~796~~725,~~971~~811.02 Servicing Fee ~~114~~110,~~640~~375.3309 Master Servicing Fee 5,~~732~~518.0375 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee ~~266~~259,~~521~~696.5993 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 1,~~410~~350,~~077~~220.0725 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Special Servicing Fee 0.00 Prepayment Penalties ~~322~~338,~~840~~157.0767 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.~~470582~~450643 8.~~149455~~139201 7.~~208953~~199051 Weighted Average Net Rate 6.~~970582~~950643 7.~~649455~~639201 6.~~708953~~699051 Weighted Average Maturity ~~325~~324 ~~352~~351 ~~338~~337 Beginning Loan Count ~~365~~359 ~~1,022~~985 ~~202~~198 Loans Paid In Full 613 3738 46 Ending Loan Count ~~359~~346 ~~985~~947 ~~198~~192 Beginning Scheduled Balance 5352,~~464~~604,~~751~~312.6325 ~~160~~153,~~042~~205,~~314~~183.8288 38,~~889~~070,~~935~~772.7974 Ending scheduled Balance 5250,~~604~~635,~~312~~853.2510 ~~153~~146,~~205~~664,~~183~~797.8862 3836,~~070~~799,~~772~~922.7483 Record Date 1011/3130/2003 1011/3130/2003 1011/3130/2003 Principal And Interest Constant ~~392~~385,~~858~~776.7194 1,~~202~~150,~~303~~619.7288 ~~272~~267,~~676~~091.4653 Scheduled Principal 6059,~~014~~163.7066 ~~115~~111,~~422~~480.3201 3938,~~046~~696.6999 Unscheduled Principal ~~800~~1,~~424~~909,295.6849 6,~~721~~428,~~708~~906.6225 ~~780~~1,~~116~~232,152.3692 Scheduled Interest ~~332~~326,~~844~~613.0128 1,~~086~~039,~~881~~139.4087 ~~233~~228,~~629~~394.7754 Servicing Fees 2221,~~276~~918.9646 6663,~~684~~835.3150 1615,~~204~~862.1684 Master Servicing Fees 1,~~113~~095.8692 3,~~334~~191.2178 ~~810~~793.2214 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 5857,~~739~~946.1588 ~~153~~148,~~934~~846.6125 37,~~767~~360.8434 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 ~~250~~245,~~714~~652.0402 ~~862~~823,~~928~~266.2734 ~~178~~174,~~847~~378.5522 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.~~627200~~603769 6.~~470251~~448343 5.~~518577~~496444

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.~~578756~~516497 7.~~837431~~817939 Weighted Average Net Rate 7.~~078756~~016497 7.~~337431~~317938 Weighted Average Maturity ~~353~~352 ~~345~~344 Beginning Loan Count 5854 1,~~647~~596 Loans Paid In Full 4 5161 Ending Loan Count 5450 1,~~596~~535 Beginning Scheduled Balance 2221,~~739~~019,~~748~~896.72 ~~275~~264,~~136~~900,~~750~~165.9659 Ending scheduled Balance 2119,~~019~~605,~~896~~582.7255 ~~264~~253,~~900~~706,~~165~~156.5910 Record Date 1011/3130/2003 1011/3130/2003 Principal And Interest Constant ~~161~~148,~~325~~328.6223 21,~~029~~951,~~164~~816.5158 Scheduled Principal 1716,~~709~~664.7890 ~~232~~226,~~193~~005.4956 Unscheduled Principal 1,~~702~~397,~~142~~649.2227 10,~~004~~968,~~391~~003.8893 Scheduled Interest ~~143~~131,~~615~~663.8433 1,~~796~~725,~~971~~811.02 Servicing Fees 98,~~474~~758.9029 ~~114~~110,~~640~~375.3309 Master Servicing Fees ~~473~~437.7491 5,~~732~~518.0375 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 1615,~~079~~543.9946 ~~266~~259,~~521~~696.5993 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 ~~117~~106,~~587~~923.2167 1,~~410~~350,~~077~~220.0725 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.~~205199~~104140 6.~~150006~~116509

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