8-K 1 irw03001_dec.txt DECEMBER 8K 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 IRWIN HOME EQUITY LOAN TRUST Home Equity Loan-Backed Notes, Series 2003-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-91334-01 N/A 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 Irwin Home Equity Loan Trust 2003-1, Home Equity Loan-Backed Notes, Series 2003-1. 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 Home Equity Loan- Backed Notes, Series 2003-1 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. Irwin Home Equity Loan Trust Home Equity Loan-Backed Notes, Series 2003-1. By: Wells Fargo Bank Minnesota, N.A. as Indenture Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 12/26/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Home Equity Loan-Backed Notes, Series 2003-1, relating to the December 26, 2003 distribution.

Home Equity Loan-Backed Notes, Series Irwin Home Equity Loan Trust 2003-1 Master Servicer Certificate Payment Date: ~~October~~December 2726, 2003 Certificate Summary Offered Note Distribution Summary Class of Beginning Note Interest Principal Aggregate Ending Note Notes Note Rate Balance Distribution Distribution Distribution Balance I A-1 1.~~62000~~61875% 4741,~~352~~621,~~542~~074.9329 6858,~~187~~016.6660 2,~~852~~140,~~901~~459.3915 2,~~921~~198,~~089~~475.0575 4439,~~499~~480,~~641~~615.5414 I A-2 1.~~81000~~80875% 1110,~~838~~405,~~135~~268.7357 1916,~~046~~206.2557 ~~713~~535,~~225~~114.3579 ~~732~~551,~~271~~321.6036 119,~~124~~870,~~910~~153.3979 I VFN 1.~~81000~~80875% - - - - - II A-1 1.~~62000~~61875% ~~105~~94,~~109~~018,~~751~~517.0384 ~~151~~131,~~358~~054.0463 54,~~250~~799,~~193~~726.3575 54,~~401~~930,~~551~~781.3938 9989,~~859~~218,~~557~~791.6810 II A-2 1.~~82000~~81875% 2623,~~277~~504,~~437~~629.7646 4236,~~511~~811.0568 1,~~312~~199,~~548~~931.3469 1,~~355~~236,~~059~~743.3937 2422,~~964~~304,~~889~~697.4277 II VFN 1.~~82000~~81875% - - - - - A-IO (1) 10.00000% 30,500,000.00 254,166.67 NA 254,166.67 30,500,000.00 M-1 2.~~1200~~1188% 22,875,000.00 4341,~~106~~734.6796 - 4341,~~106~~734.6796 22,875,000.00 M-2 3.~~1200~~1188% 19,825,000.00 5453,~~981~~241.3383 - 5453,~~981~~241.3383 19,825,000.00 B-1 4.~~5200~~5188% 19,063,000.00 7674,~~590~~176.9091 - 7674,~~590~~176.9091 19,063,000.00 B-2 5.~~6200~~6188% 6,862,000.00 3433,~~279~~200.5088 - 3433,~~279~~200.5088 6,862,000.00 Total ~~259~~238,~~202~~174,~~867~~490.4517 ~~744~~698,~~228~~610.0773 108,~~128~~675,~~868~~232.4237 109,~~873~~373,~~096~~843.4910 ~~249~~229,~~073~~499,~~999~~257.0380 (1) Class A-IO Note Balance is Notional LIBOR 1.~~12000~~11875% Interest Period Begin 911/25/2003 Interest Period End 1012/2625/2003 Number of Interest Accrual Days: 3231 Days in Collection Period: 30 Prepayment Beginning Penalty Excess Spread Release of Over Aggregate Balance Distribution Distribution Collaterlization Distribution Ending Balance Certificates 1315,~~339~~624,~~151~~535.0223 ~~388~~334,~~304~~936.4123 - - ~~388~~334,~~304~~936.4123 1416,~~386~~260,~~798~~866.9147 Noteholder Distribution Factors Summary (Per $1,000 Original Principal Amount) Original Note Interest Principal Aggregate Ending Note Class of Notes Balance Distribution Distribution Distribution Factor I A-1 ~~127~~60,~~109~~288,000.00 0.~~53645029~~96232418 2235.~~44452703~~50390042 2236.~~98097732~~46622459 ~~350~~654.~~09040700~~86689132 I ~~VFN~~ A-2 015,072,000.~~00000000~~00 01.~~00000000~~07527667 035.~~00000000~~50390042 036.~~00000000~~57917709 654.86689132 II A-1 ~~234~~125,~~033~~152,000.00 01.~~64673802~~04716369 2238.~~43356001~~35117895 2339.~~08029803~~39834264 ~~426~~712.~~69007226~~88346248 II ~~VFN~~ A-2 031,288,000.~~00000000~~00 01.~~00000000~~17654308 038.~~00000000~~35117895 039.~~00000000~~52772203 712.88346248 II A-IO 3130,~~204~~500,000.00 8.~~14532336~~33333344 NA 8.~~14532336~~33333344 NA II M-1 2422,~~964~~875,000.00 1.~~72675332~~82447913 0.00000000 1.~~72675332~~82447913 ~~916~~1,000.~~31950008~~00000000 II M-2 2119,~~063~~825,000.00 2.~~61032759~~68559042 0.00000000 2.~~61032759~~68559042 ~~941~~1,000.~~22394721~~00000000 II B-1 2619,~~524~~063,000.00 3.89114567 0.00000000 3.89114567 1,000.~~29239557~~00000000 B-2 6,862,000.00 4.83836782 0.00000000 4.83836782 1,000.~~29239557~~00000000 ~~258~~300,425,000.~~70909365~~00 ~~433~~Pool Collections: Group I Group II Total Aggregate Collections (HELOCs) 2,~~693~~852,776.26 2,852,776.26 Aggregate Collections (HELOC125s) 4,533,711.17 4,533,711.17 Aggregate Collections (HELs) 1,382,515.79 1,382,515.79 Aggregate Collections (HEL125s) 1,060,536.57 1,060,536.57 Total Aggregate Collections 2,852,776.26 6,976,763.53 9,829,539.79 Interest Collections (HELOCs) 402,633.85 402,633.85 Interest Collections (HELOC125s) 1,078,739.21 1,078,739.21 Interest Collections (HELs) 158,706.43 158,706.43 Interest Collections (HEL125s) 395,999.65 395,999.65 Total Interest Collections 402,633.85 1,633,445.29 2,036,079.14 Principal Collections (HELOCs) 2,450,142.41 2,450,142.41 Principal Collections (HELOC125s) 3,454,971.96 3,454,971.96 Principal Collections (HELs) 1,223,809.36 1,223,809.36 Principal Collections (HEL125s) 664,536.92 664,536.92 Total Principal Collections 2,450,142.41 5,343,318.24 7,793,460.65 Additional Balances Created 123,168.60 125,354.40 248,523.00 Additional Balances Purchased 123,168.60 125,354.40 248,523.00 Additional Balance Differential - - - Net Principal Collections 2,326,973.81 5,217,963.84 7,544,937.65 Principal Collections Distribution Amount 7,544,937.65 Prepayment Penalty Collections 85,695.16 249,241.07 334,936.23 Recoveries 872.00 4,511.00 5,383.00 Mortgage Loans Repurchased - - - less Servicing Fee 55,890.63 155,608.56 211,499.19 Master Servicer Remittance 2,760,284.19 6,949,552.64 9,709,836.83 Payments in Order of Priority Total Prepayment Penalties due to Certificateholder 334,936.23 Indenture Trustee Fee 1,057.50 Senior Note Interest Distribution 496,256.15 M-1 Interest Distribution 41,734.96 M-2 Interest Distribution 53,241.83 B-1 Interest Distribution 74,176.91 B-2 Interest Distribution 33,200.88 Senior Principal Collection Distribution 7,544,937.65 M-1 Principal Collection Distribution - M-2 Principal Collection Distribution - B-1 Principal Collection Distribution - B-2 Principal Collection Distribution - Senior Liquidation Loss Distribution 493,963.48 M-1 Liquidation Loss Distribution - M-2 Liquidation Loss Distribution - B-1 Liquidation Loss Distribution - B-2 Liquidation Loss Distribution - Senior Overcollateralization Increase 636,331.24 M-1 Overcollateralization Increase - M-2 Overcollateralization Increase - B-1 Overcollateralization Increase - B-2 Overcollateralization Increase - Certificateholder Excess Spread Distribution - Total Distributions 9,709,836.83 Excess Spread 1,130,294.72 Pool Summary Group I Group II Total Beginning Pool Balance (HELOCs) 67,068,753.30 67,068,753.30 Beginning Pool Balance (HELOC125s) 116,747,681.68 116,747,681.68 Beginning Pool Balance (HELs) 23,906,761.73 23,906,761.73 Beginning Pool Balance (HEL125s) 46,075,828.69 46,075,828.69 Total Beginning Pool Balance 67,068,753.30 186,730,272.10 253,799,025.40 Ending Pool Balance (HELOCs) 64,695,847.13 64,695,847.13 Ending Pool Balance (HELOC125s) 112,970,033.00 112,970,033.00 Ending Pool Balance (HELs) 22,682,952.37 22,682,952.37 Ending Pool Balance (HEL125s) 45,411,291.77 45,411,291.77 Total Ending Pool Balance 64,695,847.13 181,064,277.14 245,760,124.27 Beginning Loan Count (HELOCs) 1,223 1,223 Beginning Loan Count (HELOC125s) 2,638 2,638 Beginning Loan Count (HELs) 508 508 Beginning Loan Count (HEL125s) 890 890 Total Beginning Loan Count 1,223 4,036 5,259 Ending Loan Count (HELOCs) 1,173 1,173 Ending Loan Count (HELOC125s) 2,564 2,564 Ending Loan Count (HELs) 482 482 Ending Loan Count (HEL125s) 879 879 Total Ending Loan Count 1,173 3,925 5,098 Loss Summary Group I Group II Total Current Liquidation Losses (HELOCs) 45,932.36 45,932.36 Current Liquidation Losses (HELOC125s) 448,031.12 448,031.12 Current Liquidation Losses (HELs) - - Current Liquidation Losses (HEL125s) - - Total Current Liquidation Losses 45,932.36 448,031.12 493,963.48 12 Month Liquidation Losses (HELOCs) 193,382.06 193,382.06 12 Month Liquidation Losses (HELOC125s) 1,043,973.25 1,043,973.25 12 Month Liquidation Losses (HELs) - 12 Month Liquidation Losses (HEL125s) 176,530.55 176,530.55 Total 12 Month Liquidation Losses 193,382.06 1,220,503.80 1,413,885.86 Aggregate Liquidation Losses (HELOCs) 193,382.06 193,382.06 Aggregate Liquidation Losses (HELOC125s) 1,043,973.25 1,043,973.25 Aggregate Liquidation Losses (HELs) - Aggregate Liquidation Losses (HEL125s) 176,530.55 176,530.55 Total Aggregate Liquidation Losses 193,382.06 1,220,503.80 1,413,885.86 Cumulative Liquidation Loss Percentage 0.46% Overcollateralization Summary Overcollateralization Target 21,807,524.83 Beginning Overcollateralization Amount 15,624,535.23 Change in Overcollateralization Amount 636,331.24 Overcollateralization Release Amount - Ending Overcollateralization Amount 16,260,866.47 Ending Overcollateralization Deficiency Amount 5,546,658.36 Cumulative Liquidation Loss Percentage 0.46% Current Collection Period 9 Loss Test Satisfied? Yes Loss Test Targets: Payment Date Collection Periods 36 to 48 9.50% March-07 Collection Periods 49 to 60 11.25% March-08 Collection Periods 61 to 84 13.00% March-10 Collection Periods 85+ 15.00% April-10 Senior Enhancement Percentage 34.54% 17.75% of the Senior Enhancement Percentage 6.13% 3-Mo. Rolling Average 60-Day Delinquency % 1.12% Delinquency Test Satisfied? Yes Overcollateralization Targets Initial Principal Balance 305,000,347.33 Initial Target (% of Initial Principal Balance) 7.15% Step-down Date Apr-06 Is next payment date the Step-down Date? No Step-down Target (% of Current Balance) 14.30% MAP End Date Mar-08 Minimum Overcollateralization Target 1,525,000.00 Net Loan Rate 9.512% Rapid Amortization Event: None Servicing Default: None Delinquency Summary Group I Group II Group II Group II Group II Grand HELOCs HELOC125s HELs HEL125s Total Total Current Loans # Balance # Balance # Balance # Balance # Balance # Balance Bankrupt 3 86,826 18 833,612 5 227,911 1 31,094 24 1,092,617 27 1,179,443 Foreclosure - - - - - - - - - - - - REO - - - - - - - - - - - - Total 3 86,826 18 833,612 5 227,911 1 31,094 24 1,092,617 27 1,179,443 30 - 59 Days Past Due # Balance # Balance # Balance # Balance # Balance # Balance Bankrupt - - 2 61,233 - - 1 44,322 3 105,554 3 105,554 Foreclosure - - - - - - - - - - - - REO - - - - - - - - - - - - Delinquent 14 540,006 4 1,589,829 1 21,763 2 84,930 46 1,696,522 60 2,236,528 Total 14 540,006 45 1,651,062 1 21,763 3 129,251 49 1,802,076 63 2,342,082 60 - 89 Days Past Due # Balance # Balance # Balance # Balance # Balance # Balance Bankrupt - - 5 280,692 - - 1 41,618 6 322,310 6 322,310 Foreclosure 1 122,000 - - - - - - - - 1 122,000 REO - - - - - - - - - - - - Delinquent 3 95,191 13 498,312 - - 1 22,740 14 521,052 17 616,243 Total 4 217,191 18 779,004 - - 2 64,358 20 843,362 24 1,060,553 90 - 119 Days Past Due # Balance # Balance # Balance # Balance # Balance # Balance Bankrupt - - - - - - 1 36,292 1 36,292 1 36,292 Foreclosure 1 74,940 - - - - - - - - 1 74,940 REO - - - - - - - - - - - - Delinquent 4 192,153 4 169,528 - - 2 113,342 6 282,870 10 475,023 Total 5 267,094 4 169,528 - - 3 149,635 7 319,162 12 586,256 120 - 149 Days Past Due # Balance # Balance # Balance # Balance # Balance # Balance Bankrupt - - 2 92,941 - - - - 2 92,941 2 92,941 Foreclosure - - - - 1 39,979 - - 1 39,979 1 39,979 REO - - - - - - - - - - - - Delinquent - - 4 147,273 1 49,852 - - 5 197,125 5 197,125 Total - - 6 240,214 2 89,830 - - 8 330,044 8 330,044 150 - 179 Days Past Due # Balance # Balance # Balance # Balance # Balance # Balance Bankrupt - - 8 372,933 - - - - 8 372,933 8 372,933 Foreclosure 2 77,080 1 42,493 - - - - 1 42,493 3 119,572 REO - - - - - - - - - - - - Delinquent 1 34,000 7 285,359 - - - - 7 285,359 8 319,359 Total 3 111,080 16 700,786 - - - - 16 700,786 19 811,865 180 or More Days Past Due # Balance # Balance # Balance # Balance # Balance # Balance Bankrupt - - - - - - - - - - - - Foreclosure - - - - 1 39,875 - - 1 39,875 1 39,875 REO 1 149,100 - - - - - - - - 1 149,100 Delinquent 1 58,300 - - - - - - - - 1 58,300 Total 2 207,400 - - 1 39,875 - - 1 39,875 3 247,275 Total Bankrupt 3 86,826 35 1,641,411 5 227,911 4 153,326 44 2,022,648 47 2,109,474 Total REO 1 149,100 - - - - - - - - 1 149,100 Total Foreclosure 4 274,020 1 42,493 2 79,854 - - 3 122,347 7 396,367

Pool Collections: Group I Group II Total Aggregate Collections (HELOCs) 3,886,009.34 3,886,009.34 Aggregate Collections (HELOC125s) 5,070,255.93 5,070,255.93 Aggregate Collections (HELs) 1,694,329.39 1,694,329.39 Aggregate Collections (HEL125s) 968,251.19 968,251.19 Total Aggregate Collections 3,886,009.34 7,732,836.51 11,618,845.85 Interest Collections (HELOCs) $515,637.79 515,637.79 Interest Collections (HELOC125s) $1,305,351.83 1,305,351.83 Interest Collections (HELs) $212,584.05 212,584.05 Interest Collections (HEL125s) $449,278.93 449,278.93 Total Interest Collections 515,637.79 1,967,214.81 2,482,852.60 Principal Collections (HELOCs) 3,370,371.55 3,370,371.55 Principal Collections (HELOC125s) 3,764,904.10 3,764,904.10 Principal Collections (HELs) 1,481,745.34 1,481,745.34 Principal Collections (HEL125s) 518,972.26 518,972.26 Total Principal Collections 3,370,371.55 5,765,621.70 9,135,993.25 Additional Balances Created 336,079.76 181,615.66 517,695.42 Additional Balances Purchased 336,079.76 181,615.66 517,695.42 Additional Balance Differential - - - Net Principal Collections 3,034,291.79 5,584,006.04 8,618,297.83 Principal Collections Distribution Amount 8,618,297.83 Prepayment Penalty Collections 120,434.92 267,869.49 388,304.41 Recoveries - 200.00 200.00 Mortgage Loans Repurchased - - - less Servicing Fee 61,137.38 165,980.97 227,118.35 Master Servicer Remittance 3,609,227.12 7,653,309.37 11,262,536.49 Payments in Order of Priority Total Prepayment Penalties due to Certificateholder 388,304.41 Indenture Trustee Fee 1,135.59 Senior Note Interest Distribution 535,269.67 M-1 Interest Distribution 43,106.67 M-2 Interest Distribution 54,981.33 B-1 Interest Distribution 76,590.90 B-2 Interest Distribution 34,279.50 Senior Principal Collection Distribution 8,618,297.83 M-1 Principal Collection Distribution - M-2 Principal Collection Distribution - B-1 Principal Collection Distribution - B-2 Principal Collection Distribution - Senior Liquidation Loss Distribution 462,922.70 M-1 Liquidation Loss Distribution - M-2 Liquidation Loss Distribution - B-1 Liquidation Loss Distribution - B-2 Liquidation Loss Distribution - Senior Overcollateralization Increase 1,047,647.89 M-1 Overcollateralization Increase - M-2 Overcollateralization Increase - B-1 Overcollateralization Increase - B-2 Overcollateralization Increase - Certificateholder Excess Spread Distribution - Total Distributions 11,262,536.49 Excess Spread 1,510,570.59

Pool Summary Group I Group II Total Beginning Pool Balance (HELOCs) 73,364,854.78 73,364,854.78 Beginning Pool Balance (HELOC125s) 124,520,457.04 124,520,457.04 Beginning Pool Balance (HELs) 27,290,840.51 27,290,840.51 Beginning Pool Balance (HEL125s) 47,365,866.14 47,365,866.14 Total Beginning Pool Balance 73,364,854.78 199,177,163.69 272,542,018.47 Ending Pool Balance (HELOCs) 70,273,463.40 70,273,463.40 Ending Pool Balance (HELOC125s) 120,648,045.49 120,648,045.49 Ending Pool Balance (HELs) 25,809,095.17 25,809,095.17 Ending Pool Balance (HEL125s) 46,730,193.88 46,730,193.88 Total Ending Pool Balance 70,273,463.40 193,187,334.54 263,460,797.94 Beginning Loan Count (HELOCs) 1,347 1,347 Beginning Loan Count (HELOC125s) 2,807 2,807 Beginning Loan Count (HELs) 571 571 Beginning Loan Count (HEL125s) 915 915 Total Beginning Loan Count 1,347 4,293 5,640 Ending Loan Count (HELOCs) 1,282 1,282 Ending Loan Count (HELOC125s) 2,722 2,722 Ending Loan Count (HELs) 539 539 Ending Loan Count (HEL125s) 902 902 Total Ending Loan Count 1,282 4,163 5,445 Loss Summary Group I Group II Total Current Liquidation Losses (HELOCs) 57,099.59 57,099.59 Current Liquidation Losses (HELOC125s) 289,123.11 289,123.11 Current Liquidation Losses (HELs) - - Current Liquidation Losses (HEL125s) 116,700.00 116,700.00 Total Current Liquidation Losses 57,099.59 405,823.11 462,922.70 12 Month Liquidation Losses (HELOCs) 57,099.59 57,099.59 12 Month Liquidation Losses (HELOC125s) 458,377.96 458,377.96 12 Month Liquidation Losses (HELs) - 12 Month Liquidation Losses (HEL125s) 176,530.55 176,530.55 Total 12 Month Liquidation Losses 57,099.59 634,908.51 692,008.10 Aggregate Liquidation Losses (HELOCs) 57,099.59 57,099.59 Aggregate Liquidation Losses (HELOC125s) 458,377.96 458,377.96 Aggregate Liquidation Losses (HELs) - Aggregate Liquidation Losses (HEL125s) 176,530.55 176,530.55 Total Aggregate Liquidation Losses 57,099.59 634,908.51 692,008.10 Cumulative Liquidation Loss Percentage 0.02% 0.21%

Overcollateralization Summary Overcollateralization Target 21,807,524.83 Beginning Overcollateralization Amount 13,339,151.02 Overcollateralization Increase Amount 1,047,647.89 Overcollateralization Release Amount - Ending Overcollateralization Amount 14,386,798.91 Overcollateralization Deficiency 7,420,725.92 Cumulative Liquidation Loss Percentage 0.02% Loss Test Satisfied? Yes Loss Test Targets: Collection Periods 36 to 48 9.50% Collection Periods 49 to 60 11.25% Collection Periods 61 to 84 13.00% Collection Periods 85+ 15.00% Senior Enhancement Percentage 31.51% 17.75% of the Senior Enhancement Percentage 5.59% 3-Mo. Rolling Average 60-Day Delinquency % 0.85% Delinquency Test Satisfied? Yes Overcollateralization Targets Initial Principal Balance 305,000,347.33 Initial Target (% of Initial Principal Balance) 7.15% Step-down Target (% of Current Balance) 14.30% Minimum Overcollateralization Target 1,525,000.00 Net Loan Rate 9.536% Rapid Amortization Event: None Servicing Default: None

Delinquency Summary Group I Group II Group II Group II Group II Grand HELOCs HELOC125s HELs HEL125s Total Total Current Loans # Balance # Balance # Balance # Balance # Balance # Balance Bankrupt 2 67,828 13 540,410 3 108,395 2 65,717 18 714,522 20 782,350 REO - - - - - - - - - - - - Foreclosure 1 122,000 - - - - - - - - 1 122,000 Total 3 189,828 13 540,410 3 108,395 2 65,717 18 714,522 21 904,350 30 - 59 Days Past Due # Balance # Balance # Balance # Balance # Balance # Balance Delinquent 15 642,309 19 787,512 1 61,676 4 173,690 24 1,022,878 39 1,665,187 Bankrupt - - - - - - - - - - - - REO - - - - - - - - - - - - Foreclosure 1 74,940 - - - - - - - - 1 74,940 Total 16 717,250 19 787,512 1 61,676 4 173,690 24 1,022,878 40 1,740,128 60 - 89 Days Past Due # Balance # Balance # Balance # Balance # Balance # Balance Delinquent 1 189,741 9 370,086 1 39,979 - - 10 410,064 11 599,805 Bankrupt - - 1 48,493 - - - - 1 48,493 1 48,493 REO - - - - - - - - - - - - Foreclosure - - - - - - - - - - - - Total 1 189,741 10 418,579 1 39,979 - - 11 458,557 12 648,298 90 - 119 Days Past Due # Balance # Balance # Balance # Balance # Balance # Balance Delinquent 2 54,000 11 548,025 - - - - 11 548,025 13 602,025 Bankrupt - - 6 251,761 - - - - 6 251,761 6 251,761 REO - - - - - - - - - - - - Foreclosure 1 57,080 - - - - - - - - 1 57,080 Total 3 111,080 17 799,786 - - - - 17 799,786 20 910,865 120 - 149 Days Past Due # Balance # Balance # Balance # Balance # Balance # Balance Delinquent 1 45,932 5 242,323 - - - - 5 242,323 6 288,255 Bankrupt 1 58,300 4 246,679 - - - - 4 246,679 5 304,979 REO - - - - - - - - - - - - Foreclosure - - - - - - - - - - - - Total 2 104,232 9 489,002 - - - - 9 489,002 11 593,234 150 - 179 Days Past Due # Balance # Balance # Balance # Balance # Balance # Balance Delinquent 1 29,978 3 106,783 1 39,875 - - 4 146,658 5 176,636 Bankrupt 1 149,100 1 30,781 - - - - 1 30,781 2 179,881 REO - - - - - - - - - - - - Foreclosure - - - - - - - - - - - - Total 2 179,078 4 137,564 1 39,875 - - 5 177,440 7 356,518 180 or More Days Past Due # Balance # Balance # Balance # Balance # Balance # Balance Delinquent - - - - - - - - - - - - Bankrupt - - - - - - - - - - - - REO - - - - - - - - - - - - Foreclosure - - - - - - - - - - - - Total - - - - - - - - - - - - Total Bankrupt 4 275,228 25 1,118,125 3 108,395 2 65,717 30 1,292,237 34 1,567,464 Total REO - - - - - - - - - - - - Total Foreclosure 3 254,020 - - - - - - - - 3 254,020

Filing Compare · IRWIN HOME EQUITY LOAN BACK CERTS SERIES 2003 1