8-K 1 prm03001.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 PRIME MORTGAGE TRUST Mortgage Pass-Through Certificates, Series 2003-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 033-44658-31 54-2116958 Pooling and Servicing Agreement) (Commission 54-2126959 (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 PRIME MORTGAGE TRUST, 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. PRIME MORTGAGE TRUST Mortgage Pass-Through Certificates, Series 2003-1 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 2003-1 Trust, relating to the December 26, 2003 distribution. EX-99.1

Prime Mortgage Pass Through Certificates Mortgage Pass-Through Certificates Record Date: 911/30/03 Distribution Date: 1012/2726/03 PRM Series: 2003-1 Contact: CTSLink Customer Service Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Telephone: (301) 815-6600 Fax: (301) 815-6600 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 74160MAA0 SEN 4.75000% 0.00 0.00 0.00 A-2 74160MAB8 SEN 1.~~62000~~61875% 9,~~938~~549,~~656~~871.1531 1312,~~417~~882.1938 ~~244~~161,~~235~~761.2434 A-3 74160MAC6 SEN 0.75000% 0.00 3331,~~260~~959.4333 0.00 A-4 74160MAD4 SEN 6.~~38000~~38125% 0.00 5250,~~840~~783.5243 0.00 A-5 74160MAE2 SEN 4.75000% 8682,~~345~~967,~~544~~840.4447 ~~341~~328,~~784~~414.4537 21,~~121~~405,~~878~~358.8807 A-6 74160MAF9 SEN 5.50000% 2120,~~933~~972,~~434~~961.7389 ~~100~~96,~~528~~126.2408 ~~460~~539,~~325~~750.5256 A-7 74160MAG7 SEN 5.00000% 70,775,143.00 294,896.43 0.00 A-8 74160MAH5 SEN 1.~~69000~~68875% 11,795,857.00 16,~~612~~600.5021 0.00 A-9 74160MAJ1 SEN 6.~~81000~~81125% 0.00 66,~~941~~953.4978 0.00 A-10 74160MAK8 SEN 5.50000% 3531,~~316~~710,~~927~~781.7775 ~~161~~145,~~869~~341.2508 21,~~408~~360,~~431~~278.5419 A-11 74160MAL6 SEN 5.45000% 13,375,000.00 60,744.79 0.00 A-12 74160MAM4 SEN 2.~~31500~~32000% 0.00 0.00 0.00 A-13 74160MAN2 SEN 12.~~50700~~49600% 0.00 0.00 0.00 A-14 74160MAW2 SEN 0.25000% 0.00 3,270.83 0.00 A-15 74160MAX0 SEN 5.25000% 15,700,000.00 68,687.50 0.00 PO 74160MAP7 PO 0.00000% ~~651~~648,~~629~~296.3778 0.00 1,~~204~~202.9222 X 74160MAQ5 SEN 0.~~25246~~24838% 0.00 5855,~~145~~476.7207 0.00 R-I PRM0301R1 SEN 5.50000% 0.00 0.00 0.00 R-II PRM0301R2 SEN 5.50000% 0.00 0.00 0.00 B-1 74160MAT9 SUB 5.50000% 5,~~362~~350,~~216~~485.9526 24,~~576~~523.8306 5,~~844~~926.5784 B-2 74160MAU6 SUB 5.50000% 1,~~902~~898,~~914~~751.8759 8,~~721~~702.6961 2,~~074~~103.0929 B-3 74160MAV4 SUB 5.50000% 1,~~384~~381,~~119~~090.1490 6,~~343~~330.8800 1,~~508~~529.6386 B-4 74160MAY8 SUB 5.50000% ~~692~~690,~~059~~545.5745 3,~~171~~165.9400 ~~754~~764.3193 B-5 74160MAZ5 SUB 5.50000% ~~518~~517,~~795~~660.7369 2,~~377~~372.8161 ~~565~~573.4642 B-6 74160MBA9 SUB 5.50000% ~~692~~691,~~817~~301.3557 3,~~175~~168.4147 ~~755~~765.1477 Totals ~~276~~268,~~385~~025,~~116~~587.0766 1,~~321~~280,~~366~~398.9003 53,~~247~~480,~~578~~014.3049

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 0.00 0.00 0.00 A-2 0.00 9,~~694~~388,~~420~~109.9198 ~~257~~174,~~652~~643.4372 0.00 A-3 0.00 0.00 3331,~~260~~959.4333 0.00 A-4 0.00 0.00 5250,~~840~~783.5243 0.00 A-5 0.00 8481,~~223~~562,~~665~~482.5641 21,~~463~~733,~~663~~772.3344 0.00 A-6 0.00 2120,~~473~~433,~~109~~211.2133 ~~560~~635,~~853~~876.7664 0.00 A-7 0.00 70,775,143.00 294,896.43 0.00 A-8 0.00 11,795,857.00 16,~~612~~600.5021 0.00 A-9 0.00 0.00 66,~~941~~953.4978 0.00 A-10 0.00 3230,~~908~~350,~~496~~503.2356 21,~~570~~505,~~300~~619.7927 0.00 A-11 0.00 13,375,000.00 60,744.79 0.00 A-12 0.00 0.00 0.00 0.00 A-13 0.00 0.00 0.00 0.00 A-14 0.00 0.00 3,270.83 0.00 A-15 0.00 15,700,000.00 68,687.50 0.00 PO 0.00 ~~650~~647,~~424~~094.4556 1,~~204~~202.9222 0.00 X 0.00 0.00 5855,~~145~~476.7207 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 B-1 0.00 5,~~356~~344,~~372~~558.3942 30,~~421~~449.4090 0.00 B-2 0.00 1,~~900~~896,~~840~~648.7931 10,~~795~~805.7890 0.00 B-3 0.00 1,~~382~~379,~~610~~561.5104 7,~~852~~859.5186 0.00 B-4 0.00 ~~691~~689,~~305~~780.2652 3,~~926~~929.2593 0.00 B-5 0.00 ~~518~~517,~~230~~087.27 2,~~943~~946.2703 0.00 B-6 0.00 ~~692~~690,~~062~~535.2180 3,~~930~~934.5524 0.00 Totals 0.00 ~~271~~264,~~137~~545,~~537~~573.7920 64,~~568~~760,~~945~~412.2052 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 4,750,000.00 0.00 0.00 0.00 0.00 0.00 A-2 13,250,000.00 9,~~938~~549,~~656~~871.1531 13,~~485~~274.0318 ~~230~~148,~~750~~487.2116 0.00 0.00 A-3 0.00 0.00 0.00 0.00 0.00 0.00 A-4 0.00 0.00 0.00 0.00 0.00 0.00 A-5 110,364,000.00 8682,~~345~~967,~~544~~840.4447 ~~117~~115,~~155~~324.9204 21,~~004~~290,~~722~~034.9603 0.00 0.00 A-6 23,373,000.00 2120,~~933~~972,~~434~~961.7389 2544,~~416~~292.0907 ~~434~~495,~~909~~458.4349 0.00 0.00 A-7 70,775,143.00 70,775,143.00 0.00 0.00 0.00 0.00 A-8 11,795,857.00 11,795,857.00 0.00 0.00 0.00 0.00 A-9 0.00 0.00 0.00 0.00 0.00 0.00 A-10 50,000,000.00 3531,~~316~~710,~~927~~781.7775 ~~132~~111,~~977~~624.4477 21,~~275~~248,~~454~~653.1041 0.00 0.00 A-11 13,375,000.00 13,375,000.00 0.00 0.00 0.00 0.00 A-12 15,655,750.00 0.00 0.00 0.00 0.00 0.00 A-13 7,116,250.00 0.00 0.00 0.00 0.00 0.00 A-14 0.00 0.00 0.00 0.00 0.00 0.00 A-15 15,700,000.00 15,700,000.00 0.00 0.00 0.00 0.00 PO 699,845.00 ~~651~~648,~~629~~296.3778 1,~~165~~175.6252 3926.3170 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 B-1 5,385,000.00 5,~~362~~350,~~216~~485.9526 5,~~844~~926.5784 0.00 0.00 0.00 B-2 1,911,000.00 1,~~902~~898,~~914~~751.8759 2,~~074~~103.0929 0.00 0.00 0.00 B-3 1,390,000.00 1,~~384~~381,~~119~~090.1490 1,~~508~~529.6386 0.00 0.00 0.00 B-4 695,000.00 ~~692~~690,~~059~~545.5745 ~~754~~764.3193 0.00 0.00 0.00 B-5 521,000.00 ~~518~~517,~~795~~660.7369 ~~565~~573.4642 0.00 0.00 0.00 B-6 695,761.00 ~~692~~691,~~817~~301.3557 ~~755~~765.1477 0.00 0.00 0.00 Totals 347,452,706.00 ~~276~~268,~~385~~025,~~116~~587.0766 ~~301~~297,~~702~~354.3069 43,~~945~~182,~~876~~659.0179 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 0.00 0.00 0.00000000 0.00 A-2 ~~244~~161,~~235~~761.2434 9,~~694~~388,~~420~~109.9198 0.~~73165441~~70853660 ~~244~~161,~~235~~761.2434 A-3 0.00 0.00 0.00000000 0.00 A-4 0.00 0.00 0.00000000 0.00 A-5 21,~~121~~405,~~878~~358.8807 8481,~~223~~562,~~665~~482.5641 0.~~76314437~~73903159 21,~~121~~405,~~878~~358.8807 A-6 ~~460~~539,~~325~~750.5256 2120,~~473~~433,~~109~~211.2133 0.~~91871429~~87422288 ~~460~~539,~~325~~750.5256 A-7 0.00 70,775,143.00 1.00000000 0.00 A-8 0.00 11,795,857.00 1.00000000 0.00 A-9 0.00 0.00 0.00000000 0.00 A-10 21,~~408~~360,~~431~~278.5419 3230,~~908~~350,~~496~~503.2356 0.~~65816992~~60701007 21,~~408~~360,~~431~~278.5419 A-11 0.00 13,375,000.00 1.00000000 0.00 A-12 0.00 0.00 0.00000000 0.00 A-13 0.00 0.00 0.00000000 0.00 A-14 0.00 0.00 0.00000000 0.00 A-15 0.00 15,700,000.00 1.00000000 0.00 PO 1,~~204~~202.9222 ~~650~~647,~~424~~094.4556 0.~~92938358~~92462554 1,~~204~~202.9222 X 0.00 0.00 0.00000000 0.00 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 B-1 5,~~844~~926.5784 5,~~356~~344,~~372~~558.3942 0.~~99468382~~99248996 5,~~844~~926.5784 B-2 2,~~074~~103.0929 1,~~900~~896,~~840~~648.7931 0.~~99468383~~99248996 2,~~074~~103.0929 B-3 1,~~508~~529.6386 1,~~382~~379,~~610~~561.5104 0.~~99468382~~99248996 1,~~508~~529.6386 B-4 ~~754~~764.3193 ~~691~~689,~~305~~780.2652 0.~~99468383~~99248996 ~~754~~764.3193 B-5 ~~565~~573.4642 ~~518~~517,~~230~~087.27 0.~~99468382~~99248996 ~~565~~573.4642 B-6 ~~755~~765.1477 ~~692~~690,~~062~~535.2180 0.~~99468382~~99248995 ~~755~~765.1477 Totals 53,~~247~~480,~~578~~014.3049 ~~271~~264,~~137~~545,~~537~~573.7920 0.~~78035811~~76138585 53,~~247~~480,~~578~~014.3049

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 4,750,000.00 0.00000000 0.00000000 0.00000000 0.00000000 A-2 13,250,000.00 ~~750~~720.~~08725660~~74500453 1.~~01773811~~00182491 1711.~~41511019~~20657811 0.00000000 A-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-5 110,364,000.00 ~~782~~751.~~37055960~~76543502 1.~~06154108~~04494255 1811.~~16464572~~68890245 0.00000000 A-6 23,373,000.00 ~~938~~897.~~40905019~~31578702 1.~~08741240~~89501005 1821.~~60734309~~19789886 0.00000000 A-7 70,775,143.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-8 11,795,857.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-9 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-10 50,000,000.00 ~~706~~634.~~33855540~~21563500 2.~~65954880~~23249540 4524.~~50908200~~97306820 0.00000000 A-11 13,375,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-12 15,655,750.00 0.00000000 0.00000000 0.00000000 0.00000000 A-13 7,116,250.00 0.00000000 0.00000000 0.00000000 0.00000000 A-14 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-15 15,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 PO 699,845.00 ~~931~~926.~~10527331~~34337603 1.~~66554023~~67968622 0.~~05616958~~03815130 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 5,385,000.00 ~~995~~993.~~76916435~~59057753 1.~~08534262~~10062024 0.00000000 0.00000000 B-2 1,911,000.00 ~~995~~993.~~76916274~~59057561 1.~~08534275~~10062271 0.00000000 0.00000000 B-3 1,390,000.00 ~~995~~993.~~76916547~~59057554 1.~~08534532~~10061871 0.00000000 0.00000000 B-4 695,000.00 ~~995~~993.~~76916547~~59057554 1.~~08533813~~10061871 0.00000000 0.00000000 B-5 521,000.00 ~~995~~993.~~76915547~~59057582 1.~~08533589~~10061420 0.00000000 0.00000000 B-6 695,761.00 ~~995~~993.~~76916499~~59057205 1.~~08534396~~10062220 0.00000000 0.00000000

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 0.00000000 0.00000000 0.00000000 0.00000000 A-2 0.00000000 1812.~~43284830~~20840302 ~~731~~708.~~65440830~~53660226 0.~~73165441~~70853660 1812.~~43284830~~20840302 A-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-5 0.00000000 1912.~~22618680~~73384500 ~~763~~739.~~14437280~~03159010 0.~~76314437~~73903159 1912.~~22618680~~73384500 A-6 0.00000000 1923.~~69475549~~09290891 ~~918~~874.~~71429470~~22287811 0.~~91871429~~87422288 1923.~~69475549~~09290891 A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-9 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-10 0.00000000 4827.~~16863080~~20556380 ~~658~~607.~~16992460~~01007120 0.~~65816992~~60701007 4827.~~16863080~~20556380 A-11 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-12 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-13 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-14 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-15 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 PO 0.00000000 1.~~72169552~~71783752 ~~929~~924.~~38357779~~62553851 0.~~92938358~~92462554 1.~~72169552~~71783752 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.~~08534262~~10062024 ~~994~~992.~~68382358~~48995729 0.~~99468382~~99248996 1.~~08534262~~10062024 B-2 0.00000000 1.~~08534275~~10062271 ~~994~~992.~~68382522~~48995814 0.~~99468383~~99248996 1.~~08534275~~10062271 B-3 0.00000000 1.~~08534532~~10061871 ~~994~~992.~~68382014~~48995683 0.~~99468382~~99248996 1.~~08534532~~10061871 B-4 0.00000000 1.~~08533813~~10061871 ~~994~~992.~~68382734~~48995683 0.~~99468383~~99248996 1.~~08533813~~10061871 B-5 0.00000000 1.~~08533589~~10061420 ~~994~~992.~~68381958~~48996161 0.~~99468382~~99248996 1.~~08533589~~10061420 B-6 0.00000000 1.~~08534396~~10062220 ~~994~~992.~~68382102~~48994985 0.~~99468382~~99248995 1.~~08534396~~10062220 (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 4,750,000.00 4.75000% 0.00 0.00 0.00 0.00 A-2 13,250,000.00 1.~~62000~~61875% 9,~~938~~549,~~656~~871.1531 1312,~~417~~882.1938 0.00 0.00 A-3 0.00 0.75000% 5351,~~216~~134,~~690~~935.3786 3331,~~260~~959.4333 0.00 0.00 A-4 0.00 6.~~38000~~38125% 9,~~938~~549,~~656~~871.1531 5250,~~840~~783.5243 0.00 0.00 A-5 110,364,000.00 4.75000% 8682,~~345~~967,~~544~~840.4447 ~~341~~328,~~784~~414.4537 0.00 0.00 A-6 23,373,000.00 5.50000% 2120,~~933~~972,~~434~~961.7389 ~~100~~96,~~528~~126.2408 0.00 0.00 A-7 70,775,143.00 5.00000% 70,775,143.00 294,896.43 0.00 0.00 A-8 11,795,857.00 1.~~69000~~68875% 11,795,857.00 16,~~612~~600.5021 0.00 0.00 A-9 0.00 6.~~81000~~81125% 11,795,857.00 66,~~941~~953.4978 0.00 0.00 A-10 50,000,000.00 5.50000% 3531,~~316~~710,~~927~~781.7775 ~~161~~145,~~869~~341.2508 0.00 0.00 A-11 13,375,000.00 5.45000% 13,375,000.00 60,744.79 0.00 0.00 A-12 15,655,750.00 2.~~31500~~32000% 0.00 0.00 0.00 0.00 A-13 7,116,250.00 12.~~50700~~49600% 0.00 0.00 0.00 0.00 A-14 0.00 0.25000% 15,700,000.00 3,270.83 0.00 0.00 A-15 15,700,000.00 5.25000% 15,700,000.00 68,687.50 0.00 0.00 PO 699,845.00 0.00000% ~~651~~648,~~629~~296.3778 0.00 0.00 0.00 X 0.00 0.~~25246~~24838% ~~276~~268,~~385~~025,~~116~~587.0868 5855,~~145~~476.7207 0.00 0.00 R-I 50.00 5.50000% 0.00 0.00 0.00 0.00 R-II 50.00 5.50000% 0.00 0.00 0.00 0.00 B-1 5,385,000.00 5.50000% 5,~~362~~350,~~216~~485.9526 24,~~576~~523.8306 0.00 0.00 B-2 1,911,000.00 5.50000% 1,~~902~~898,~~914~~751.8759 8,~~721~~702.6961 0.00 0.00 B-3 1,390,000.00 5.50000% 1,~~384~~381,~~119~~090.1490 6,~~343~~330.8800 0.00 0.00 B-4 695,000.00 5.50000% ~~692~~690,~~059~~545.5745 3,~~171~~165.9400 0.00 0.00 B-5 521,000.00 5.50000% ~~518~~517,~~795~~660.7369 2,~~377~~372.8161 0.00 0.00 B-6 695,761.00 5.50000% ~~692~~691,~~817~~301.3557 3,~~175~~168.4147 0.00 0.00 Totals 347,452,706.00 1,~~321~~280,~~366~~398.9003 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 0.00 0.00 0.00 0.00 0.00 A-2 0.00 0.00 1312,~~417~~882.1938 0.00 9,~~694~~388,~~420~~109.9198 A-3 0.00 0.00 3331,~~260~~959.4333 0.00 5150,~~908~~268,~~928~~782.9525 A-4 0.00 0.00 5250,~~840~~783.5243 0.00 9,~~694~~388,~~420~~109.9198 A-5 0.00 0.00 ~~341~~328,~~784~~414.4537 0.00 8481,~~223~~562,~~665~~482.5641 A-6 0.00 0.00 ~~100~~96,~~528~~126.2408 0.00 2120,~~473~~433,~~109~~211.2133 A-7 0.00 0.00 294,896.43 0.00 70,775,143.00 A-8 0.00 0.00 16,~~612~~600.5021 0.00 11,795,857.00 A-9 0.00 0.00 66,~~941~~953.4978 0.00 11,795,857.00 A-10 0.00 0.00 ~~161~~145,~~869~~341.2508 0.00 3230,~~908~~350,~~496~~503.2356 A-11 0.00 0.00 60,744.79 0.00 13,375,000.00 A-12 0.00 0.00 0.00 0.00 0.00 A-13 0.00 0.00 0.00 0.00 0.00 A-14 0.00 0.00 3,270.83 0.00 15,700,000.00 A-15 0.00 0.00 68,687.50 0.00 15,700,000.00 PO 0.00 0.00 0.00 0.00 ~~650~~647,~~424~~094.4556 X 0.00 0.00 5855,~~145~~476.7207 0.00 ~~271~~264,~~137~~545,~~537~~573.7820 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 24,~~576~~523.8306 0.00 5,~~356~~344,~~372~~558.3942 B-2 0.00 0.00 8,~~721~~702.6961 0.00 1,~~900~~896,~~840~~648.7931 B-3 0.00 0.00 6,~~343~~330.8800 0.00 1,~~382~~379,~~610~~561.5104 B-4 0.00 0.00 3,~~171~~165.9400 0.00 ~~691~~689,~~305~~780.2652 B-5 0.00 0.00 2,~~377~~372.8161 0.00 ~~518~~517,~~230~~087.27 B-6 0.00 0.00 3,~~175~~168.4147 0.00 ~~692~~690,~~062~~535.2180 Totals 0.00 0.00 1,~~321~~280,~~366~~398.9003 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 4,750,000.00 4.75000% 0.00000000 0.00000000 0.00000000 0.00000000 A-2 13,250,000.00 1.~~62000~~61875% ~~750~~720.~~08725660~~74500453 10.~~01261811~~97225509 0.00000000 0.00000000 A-3 0.00 0.75000% ~~750~~720.~~08725656~~74500475 0.~~46880451~~45046556 0.00000000 0.00000000 A-4 0.00 6.~~38000~~38125% ~~750~~720.~~08725660~~74500453 3.~~98796377~~83271170 0.00000000 0.00000000 A-5 110,364,000.00 4.75000% ~~782~~751.~~37055960~~76543502 32.~~09688349~~97573819 0.00000000 0.00000000 A-6 23,373,000.00 5.50000% ~~938~~897.~~40905019~~31578702 4.~~30104137~~11269756 0.00000000 0.00000000 A-7 70,775,143.00 5.00000% 1000.00000000 4.16666668 0.00000000 0.00000000 A-8 11,795,857.00 1.~~69000~~68875% 1000.00000000 1.~~40833345~~40729156 0.00000000 0.00000000 A-9 0.00 6.~~81000~~81125% 1000.00000000 5.~~67500013~~67604202 0.00000000 0.00000000 A-10 50,000,000.00 5.50000% ~~706~~634.~~33855540~~21563500 32.~~23738500~~90682160 0.00000000 0.00000000 A-11 13,375,000.00 5.45000% 1000.00000000 4.54166654 0.00000000 0.00000000 A-12 15,655,750.00 2.~~31500~~32000% 0.00000000 0.00000000 0.00000000 0.00000000 A-13 7,116,250.00 12.~~50700~~49600% 0.00000000 0.00000000 0.00000000 0.00000000 A-14 0.00 0.25000% 1000.00000000 0.20833312 0.00000000 0.00000000 A-15 15,700,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000 PO 699,845.00 0.00000% ~~931~~926.~~10527331~~34337603 0.00000000 0.00000000 0.00000000 X 0.00 0.~~25246~~24838% ~~795~~771.~~46111257~~40164129 0.~~16734859~~15966510 0.00000000 0.00000000 R-I 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 5,385,000.00 5.50000% ~~995~~993.~~76916435~~59057753 4.~~56394243~~55395729 0.00000000 0.00000000 B-2 1,911,000.00 5.50000% ~~995~~993.~~76916274~~59057561 4.~~56394035~~55395604 0.00000000 0.00000000 B-3 1,390,000.00 5.50000% ~~995~~993.~~76916547~~59057554 4.~~56394245~~55395683 0.00000000 0.00000000 B-4 695,000.00 5.50000% ~~995~~993.~~76916547~~59057554 4.~~56394245~~55395683 0.00000000 0.00000000 B-5 521,000.00 5.50000% ~~995~~993.~~76915547~~59057582 4.~~56393474~~55395393 0.00000000 0.00000000 B-6 695,761.00 5.50000% ~~995~~993.~~76916499~~59057205 4.~~56393790~~55396321 0.00000000 0.00000000 (5) Per $1 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 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 0.00000000 0.00000000 10.~~01261811~~97225509 0.00000000 ~~731~~708.~~65440830~~53660226 A-3 0.00000000 0.00000000 0.~~46880451~~45046556 0.00000000 ~~731~~708.~~65440835~~53660207 A-4 0.00000000 0.00000000 3.~~98796377~~83271170 0.00000000 ~~731~~708.~~65440830~~53660226 A-5 0.00000000 0.00000000 32.~~09688349~~97573819 0.00000000 ~~763~~739.~~14437280~~03159010 A-6 0.00000000 0.00000000 4.~~30104137~~11269756 0.00000000 ~~918~~874.~~71429470~~22287811 A-7 0.00000000 0.00000000 4.16666668 0.00000000 1000.00000000 A-8 0.00000000 0.00000000 1.~~40833345~~40729156 0.00000000 1000.00000000 A-9 0.00000000 0.00000000 5.~~67500013~~67604202 0.00000000 1000.00000000 A-10 0.00000000 0.00000000 32.~~23738500~~90682160 0.00000000 ~~658~~607.~~16992460~~01007120 A-11 0.00000000 0.00000000 4.54166654 0.00000000 1000.00000000 A-12 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-13 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-14 0.00000000 0.00000000 0.20833312 0.00000000 1000.00000000 A-15 0.00000000 0.00000000 4.37500000 0.00000000 1000.00000000 PO 0.00000000 0.00000000 0.00000000 0.00000000 ~~929~~924.~~38357779~~62553851 X 0.00000000 0.00000000 0.~~16734859~~15966510 0.00000000 ~~780~~761.~~35811234~~38584801 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 4.~~56394243~~55395729 0.00000000 ~~994~~992.~~68382358~~48995729 B-2 0.00000000 0.00000000 4.~~56394035~~55395604 0.00000000 ~~994~~992.~~68382522~~48995814 B-3 0.00000000 0.00000000 4.~~56394245~~55395683 0.00000000 ~~994~~992.~~68382014~~48995683 B-4 0.00000000 0.00000000 4.~~56394245~~55395683 0.00000000 ~~994~~992.~~68382734~~48995683 B-5 0.00000000 0.00000000 4.~~56393474~~55395393 0.00000000 ~~994~~992.~~68381958~~48996161 B-6 0.00000000 0.00000000 4.~~56393790~~55396321 0.00000000 ~~994~~992.~~68382102~~48994985 (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 64,~~634~~819,~~157~~704.6536 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 76,~~892~~390.1710 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 64,~~642~~826,~~049~~094.8246 Withdrawals Reimbursement for Servicer Advances 137,~~221~~609.1673 Payment of Service Fee 5958,~~883~~072.4621 Payment of Interest and Principal 64,~~568~~760,~~945~~412.2052 Total Withdrawals (Pool Distribution Amount) 64,~~642~~826,~~049~~094.8246 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 5755,~~580~~838.2467 Master Servicing Fee 2,~~303~~233.2254 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 5958,~~883~~072.4621

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 12 0 0 0 12 ~~416~~574,~~689~~447.1654 0.00 0.00 0.00 ~~416~~574,~~689~~447.1654 60 Days 20 0 0 0 20 ~~875,100~~0.4000 0.00 0.00 0.00 ~~875,100~~0.4000 90 Days 01 0 0 0 01 0475,452.0073 0.00 0.00 0.00 0475,452.0073 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 3 0 0 0 3 1,~~291~~049,~~789~~900.5627 0.00 0.00 0.00 1,~~291~~049,~~789~~900.5627 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.~~168634~~344828% 0.000000% 0.000000% 0.000000% 0.~~168634~~344828% 0.~~153553~~216938% 0.000000% 0.000000% 0.000000% 0.~~153553~~216938% 60 Days 0.~~337268~~000000% 0.000000% 0.000000% 0.000000% 0.~~337268~~000000% 0.~~322481~~000000% 0.000000% 0.000000% 0.000000% 0.~~322481~~000000% 90 Days 0.~~000000~~172414% 0.000000% 0.000000% 0.000000% 0.~~000000~~172414% 0.~~000000~~179553% 0.000000% 0.000000% 0.000000% 0.~~000000~~179553% 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.~~505902~~517241% 0.000000% 0.000000% 0.000000% 0.~~505902~~517241% 0.~~476034~~396491% 0.000000% 0.000000% 0.000000% 0.~~476034~~396491%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 76,~~892~~390.1710

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 11,297,706.00 3.25158095% 11,~~191~~165,~~845~~265.8892 4.~~12773752~~22054536% 96.~~102801~~014311% 100.000000% Class R-I 11,297,656.00 3.25156656% 11,~~191~~165,~~845~~265.8892 4.~~12773752~~22054536% 0.000000% 0.000000% Class R-II 11,297,606.00 3.25155217% 11,~~191~~165,~~845~~265.8892 4.~~12773752~~22054536% 0.000000% 0.000000% Class X 10,597,761.00 3.05013051% 10,~~541~~518,~~421~~171.4336 3.~~88785024~~97593928% 0.000000% 0.000000% Class B-1 5,212,761.00 1.50027929% 5,~~185~~173,~~049~~612.0494 1.~~91233168~~95566037% 12.~~980269~~025233% 0.000000% Class B-2 3,301,761.00 0.95027638% 3,~~284~~276,~~208~~964.2563 1.~~21127022~~23871460% 0.~~702747~~718704% 0.000000% Class B-3 1,911,761.00 0.55022193% 1,~~901~~897,~~597~~403.7459 0.~~70134064~~71723128% 0.~~511156~~522762% 0.000000% Class B-4 1,216,761.00 0.35019471% 1,~~210~~207,~~292~~623.4807 0.~~44637585~~45648962% 0.~~255578~~261381% 0.000000% Class B-5 695,761.00 0.20024625% ~~692~~690,~~062~~535.2180 0.~~25524397~~26102716% 0.~~191591~~195942% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.~~255858~~261667% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Fixed 30 Year Weighted Average Gross Coupon 5.~~999489~~995073% Weighted Average Pass-Through Rate 5.~~739489~~735073% Weighted Average Maturity(Stepdown Calculation ) ~~350~~348 Beginning Scheduled Collateral Loan Count ~~605~~587 Number Of Loans Paid In Full 127 Ending Scheduled Collateral Loan Count ~~593~~580 Beginning Scheduled Collateral Balance ~~276~~268,~~385~~025,~~116~~587.1878 Ending Scheduled Collateral Balance ~~271~~264,~~137~~545,~~537~~573.8830 Ending Actual Collateral Balance at 30-~~Sep~~Nov-2003 ~~271~~264,~~365~~797,~~210~~948.0516 Monthly P &I Constant 1,~~683~~636,~~510~~382.1523 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 64,~~507~~699,~~870~~284.5243 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans ~~271~~264,~~137~~545,~~537~~573.8830 Scheduled Principal ~~301~~297,~~702~~354.3069 Unscheduled Principal 43,~~945~~182,~~876~~659.0079

Miscellaneous Reporting Average Loss Severity 0.00 MBIA Premium Amount 557.29 Senior Prepayment Percentage 100.000000% Senior Percentage 96.~~172781~~061806% Subordinate Percentage 3.~~827219~~938194% Subordinate Prepayment Percentage 0.000000%

Filing Compare · PRIME MORTGAGE TRUST 2003-1