8-K 1 opt03005_dec.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 OPTION ONE MORTGAGE LOAN TRUST Asset-Backed Certificates, Series 2003-5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-104020-02 54-2120464 Pooling and Servicing Agreement) (Commission 54-2120465 (State or other File Number) 54-2120463 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, Maryland 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 OPTION ONE MORTGAGE LOAN TRUST, Asset-Backed Certificates, Series 2003-5 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 Certificates, Series 2003-5 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. OPTION ONE MORTGAGE LOAN TRUST Asset-Backed Certificates, Series 2003-5 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee 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 Certificates, Series 2003-5 Trust, relating to the December 26, 2003 distribution. EX-99.1

Option One Mortgage Loan Trust Asset-Backed Certificates Record Date: 911/30/03 Distribution Date: 1012/2726/03 OOMC Series: 2003-5 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 68400XBR0 SEN 1.~~44000~~43875% ~~343~~337,~~298~~090,~~258~~118.9891 ~~439~~417,~~421~~628.7791 35,~~564~~792,~~324~~307.0618 A-2 68400XBS8 SEN 1.~~44000~~43875% ~~274~~267,~~600~~277,~~101~~960.7367 ~~351~~331,~~488~~136.1398 34,~~496~~871,~~269~~882.5468 A-3 68400XBT6 SEN 1.~~57000~~56875% 15,~~853~~566,~~404~~714.0714 2221,~~124~~028.3158 ~~164~~267,~~599~~486.3590 M-1 68400XBU3 MEZ 1.~~77000~~76875% 39,375,000.00 6159,~~950~~971.0068 0.00 M-2 68400XBV1 MEZ 2.~~67000~~66875% 31,875,000.00 7573,~~650~~251.0063 0.00 M-3 68400XBW9 MEZ 3.~~12000~~11875% 7,500,000.00 20,~~800~~141.0093 0.00 M-4 68400XBX7 MEZ 4.~~02000~~01875% 9,375,000.00 3332,~~500~~443.0003 0.00 M-5 68400XBY5 MEZ 4.~~72000~~71875% 7,500,000.00 3130,~~466~~475.6726 0.00 M-6 68400XBZ2 MEZ 4.~~62000~~61875% 8,250,000.00 3332,~~880~~812.0037 0.00 P OPT03005P Pre_Pay 0.00000% 100.00 98186,~~549~~575.6411 0.00 C OPT03005C OC 0.00000% 8,624,992.09 3,~~159~~127,~~462~~203.4145 0.00 R-1 OPT0305R1 RES 0.00000% 0.00 0.00 0.00 R-2 OPT0305R2 RES 0.00000% 0.00 0.00 0.00 R-3 OPT0305R3 RES 0.00000% 0.00 0.00 0.00 Totals ~~746~~732,~~251~~434,~~856~~885.8781 4,~~328~~332,~~292~~668.93 710,~~225~~931,~~192~~676.9576

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~339~~331,~~733~~297,~~934~~811.9273 46,~~003~~209,~~745~~936.8309 0.00 A-2 0.00 ~~271~~262,~~103~~406,~~832~~077.1999 35,~~847~~203,~~757~~019.6766 0.00 A-3 0.00 15,~~688~~299,~~804~~227.7224 ~~186~~288,~~723~~515.6648 0.00 M-1 0.00 39,375,000.00 6159,~~950~~971.0068 0.00 M-2 0.00 31,875,000.00 7573,~~650~~251.0063 0.00 M-3 0.00 7,500,000.00 20,~~800~~141.0093 0.00 M-4 0.00 9,375,000.00 3332,~~500~~443.0003 0.00 M-5 0.00 7,500,000.00 3130,~~466~~475.6726 0.00 M-6 0.00 8,250,000.00 3332,~~880~~812.0037 0.00 P 0.00 100.00 98186,~~549~~575.6411 0.00 C 0.00 8,624,992.09 3,~~159~~127,~~462~~203.4145 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 Totals 0.00 ~~739~~721,~~026~~503,~~663~~209.9205 1115,~~553~~264,~~485~~345.8869 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-1 345,390,000.00 ~~343~~337,~~298~~090,~~258~~118.9891 0.00 35,~~564~~792,~~324~~307.0618 0.00 0.00 A-2 276,160,000.00 ~~274~~267,~~600~~277,~~101~~960.7367 0.00 34,~~496~~871,~~269~~882.5468 0.00 0.00 A-3 15,950,000.00 15,~~853~~566,~~404~~714.0714 0.00 ~~164~~267,~~599~~486.3590 0.00 0.00 M-1 39,375,000.00 39,375,000.00 0.00 0.00 0.00 0.00 M-2 31,875,000.00 31,875,000.00 0.00 0.00 0.00 0.00 M-3 7,500,000.00 7,500,000.00 0.00 0.00 0.00 0.00 M-4 9,375,000.00 9,375,000.00 0.00 0.00 0.00 0.00 M-5 7,500,000.00 7,500,000.00 0.00 0.00 0.00 0.00 M-6 8,250,000.00 8,250,000.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 C 8,624,992.09 8,624,992.09 0.00 0.00 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 0.00 Totals 750,000,092.09 ~~746~~732,~~251~~434,~~856~~885.8781 0.00 710,~~225~~931,~~192~~676.9576 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 35,~~564~~792,~~324~~307.0618 ~~339~~331,~~733~~297,~~934~~811.9273 0.~~98362412~~95919920 35,~~564~~792,~~324~~307.0618 A-2 34,~~496~~871,~~269~~882.5468 ~~271~~262,~~103~~406,~~832~~077.1999 0.~~98169117~~95019582 34,~~496~~871,~~269~~882.5468 A-3 ~~164~~267,~~599~~486.3590 15,~~688~~299,~~804~~227.7224 0.~~98362412~~95919920 ~~164~~267,~~599~~486.3590 M-1 0.00 39,375,000.00 1.00000000 0.00 M-2 0.00 31,875,000.00 1.00000000 0.00 M-3 0.00 7,500,000.00 1.00000000 0.00 M-4 0.00 9,375,000.00 1.00000000 0.00 M-5 0.00 7,500,000.00 1.00000000 0.00 M-6 0.00 8,250,000.00 1.00000000 0.00 P 0.00 100.00 1.00000000 0.00 C 0.00 8,624,992.09 1.00000000 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 R-3 0.00 0.00 0.00000000 0.00 Totals 710,~~225~~931,~~192~~676.9576 ~~739~~721,~~026~~503,~~663~~209.9205 0.~~98536876~~96200416 710,~~225~~931,~~192~~676.9576

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 345,390,000.00 ~~993~~975.~~94382866~~96953852 0.00000000 1016.~~31970833~~77033840 0.00000000 A-2 276,160,000.00 ~~994~~967.~~35146918~~83734310 0.00000000 1217.~~66030395~~64152187 0.00000000 A-3 15,950,000.00 ~~993~~975.~~94382884~~96953856 0.00000000 1016.~~31970846~~77033856 0.00000000 M-1 39,375,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 31,875,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 7,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 9,375,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 7,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 8,250,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 8,624,992.09 1000.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00 0.00000000 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 1016.~~31970833~~77033840 ~~983~~959.~~62412033~~19920012 0.~~98362412~~95919920 1016.~~31970833~~77033840 A-2 0.00000000 1217.~~66030395~~64152187 ~~981~~950.~~69116523~~19582123 0.~~98169117~~95019582 1217.~~66030395~~64152187 A-3 0.00000000 1016.~~31970846~~77033856 ~~983~~959.~~62412038~~19920000 0.~~98362412~~95919920 1016.~~31970846~~77033856 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 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 345,390,000.00 1.~~44000~~43875% ~~343~~337,~~298~~090,~~258~~118.9891 ~~439~~417,~~421~~628.7791 0.00 0.00 A-2 276,160,000.00 1.~~44000~~43875% ~~274~~267,~~600~~277,~~101~~960.7367 ~~351~~331,~~488~~136.1398 0.00 0.00 A-3 15,950,000.00 1.~~57000~~56875% 15,~~853~~566,~~404~~714.0714 2221,~~124~~028.3158 0.00 0.00 M-1 39,375,000.00 1.~~77000~~76875% 39,375,000.00 6159,~~950~~971.0068 0.00 0.00 M-2 31,875,000.00 2.~~67000~~66875% 31,875,000.00 7573,~~650~~251.0063 0.00 0.00 M-3 7,500,000.00 3.~~12000~~11875% 7,500,000.00 20,~~800~~141.0093 0.00 0.00 M-4 9,375,000.00 4.~~02000~~01875% 9,375,000.00 3332,~~500~~443.0003 0.00 0.00 M-5 7,500,000.00 4.~~72000~~71875% 7,500,000.00 3130,~~466~~475.6726 0.00 0.00 M-6 8,250,000.00 4.~~62000~~61875% 8,250,000.00 3332,~~880~~812.0037 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 C 8,624,992.09 0.00000% 8,624,992.09 0.00 0.00 0.00 R-1 0.00 0.00000% 0.00 0.00 0.00 0.00 R-2 0.00 0.00000% 0.00 0.00 0.00 0.00 R-3 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 750,000,092.09 1,~~070~~018,~~280~~890.8837 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 ~~439~~417,~~421~~628.7791 0.00 ~~339~~331,~~733~~297,~~934~~811.9273 A-2 0.00 0.00 ~~351~~331,~~488~~136.1398 0.00 ~~271~~262,~~103~~406,~~832~~077.1999 A-3 0.00 0.00 2221,~~124~~028.3158 0.00 15,~~688~~299,~~804~~227.7224 M-1 0.00 0.00 6159,~~950~~971.0068 0.00 39,375,000.00 M-2 0.00 0.00 7573,~~650~~251.0063 0.00 31,875,000.00 M-3 0.00 0.00 20,~~800~~141.0093 0.00 7,500,000.00 M-4 0.00 0.00 3332,~~500~~443.0003 0.00 9,375,000.00 M-5 0.00 0.00 3130,~~466~~475.6726 0.00 7,500,000.00 M-6 0.00 0.00 3332,~~880~~812.0037 0.00 8,250,000.00 P 0.00 0.00 98186,~~549~~575.6411 0.00 100.00 C 0.00 0.00 3,~~159~~127,~~462~~203.4145 0.00 8,624,992.09 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 4,~~328~~332,~~292~~668.93 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-1 345,390,000.00 1.~~44000~~43875% ~~993~~975.~~94382866~~96953852 1.~~27224810~~20915171 0.00000000 0.00000000 A-2 276,160,000.00 1.~~44000~~43875% ~~994~~967.~~35146918~~83734310 1.~~27276988~~19907655 0.00000000 0.00000000 A-3 15,950,000.00 1.~~57000~~56875% ~~993~~975.~~94382884~~96953856 1.~~38710408~~31840627 0.00000000 0.00000000 M-1 39,375,000.00 1.~~77000~~76875% 1000.00000000 1.~~57333333~~52309029 0.00000000 0.00000000 M-2 31,875,000.00 2.~~67000~~66875% 1000.00000000 2.~~37333333~~29809035 0.00000000 0.00000000 M-3 7,500,000.00 3.~~12000~~11875% 1000.00000000 2.~~77333333~~68559067 0.00000000 0.00000000 M-4 9,375,000.00 4.~~02000~~01875% 1000.00000000 3.~~57333333~~46058987 0.00000000 0.00000000 M-5 7,500,000.00 4.~~72000~~71875% 1000.00000000 4.~~19555600~~06336800 0.00000000 0.00000000 M-6 8,250,000.00 4.~~62000~~61875% 1000.00000000 43.~~10666667~~97725697 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 C 8,624,992.09 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00 0.00000% 0.00000000 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 0.00000000 0.00000000 1.~~27224810~~20915171 0.00000000 ~~983~~959.~~62412033~~19920012 A-2 0.00000000 0.00000000 1.~~27276988~~19907655 0.00000000 ~~981~~950.~~69116523~~19582123 A-3 0.00000000 0.00000000 1.~~38710408~~31840627 0.00000000 ~~983~~959.~~62412038~~19920000 M-1 0.00000000 0.00000000 1.~~57333333~~52309029 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~37333333~~29809035 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.~~77333333~~68559067 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.~~57333333~~46058987 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 4.~~19555600~~06336800 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 43.~~10666667~~97725697 0.00000000 1000.00000000 P 0.00000000 0.00000000 ~~985496~~1865751.~~40000000~~10000000 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~366~~362.~~31481827~~57464556 0.00000000 1000.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 1215,~~066~~679,~~426~~225.6223 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 98186,~~549~~575.6411 Total Deposits 1215,~~164~~865,~~976~~800.2634 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~611~~601,~~490~~454.3865 Payment of Interest and Principal 1115,~~553~~264,~~485~~345.8869 Total Withdrawals (Pool Distribution Amount) 1215,~~164~~865,~~976~~800.2634 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~186~~183,~~563~~108.2070 Radian PMI Policy Fee ~~423~~416,~~061~~514.7787 Wells Fargo 1,~~865~~831.4108 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~611~~601,~~490~~454.3865

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 53 0 0 53 ~~533~~458,~~576~~285.9151 0.00 0.00 ~~533~~458,~~576~~285.9151 30 Days 2376 1 40 0 2877 412,~~682~~170,~~478~~098.5029 ~~161~~121,~~786~~367.2685 ~~494,772~~0.2600 0.00 512,~~339~~291,~~037~~466.0214 60 Days 214 0 714 0 928 ~~310~~2,~~711~~340,559.5428 0.00 1,~~003~~632,~~887~~212.8832 0.00 13,~~314~~972,~~599~~771.4260 90 Days 12 0 119 0 221 601,~~710~~192,788.6427 0.00 ~~127~~2,~~598~~861,889.2733 0.00 ~~188~~4,~~308~~054,677.9160 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 2692 64 1233 0 44129 515,~~053~~703,~~900~~445.6884 ~~695~~579,~~363~~653.1736 14,~~626~~494,~~258~~101.4165 0.00 720,~~375~~777,~~522~~200.2685 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.~~099265~~060692% 0.000000% 0.000000% 0.~~099265~~060692% 0.~~072187~~063502% 0.000000% 0.000000% 0.~~072187~~063502% 30 Days 01.~~456621~~537528% 0.~~019853~~020231% 0.~~079412~~000000% 0.000000% 01.~~555886~~557758% 01.~~633491~~686346% 0.~~021888~~016817% 0.~~066938~~000000% 0.000000% 01.~~722316~~703163% 60 Days 0.~~039706~~283229% 0.000000% 0.~~138972~~283229% 0.000000% 0.~~178678~~566458% 0.~~042036~~324319% 0.000000% 0.~~135816~~226167% 0.000000% 0.~~177852~~550486% 90 Days 0.~~019853~~040461% 0.000000% 0.~~019853~~384382% 0.000000% 0.~~039706~~424843% 0.~~008214~~165278% 0.000000% 0.~~017263~~396557% 0.000000% 0.~~025476~~561835% 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 01.~~516180~~861218% 0.~~119119~~080923% 0.~~238237~~667611% 0.000000% 02.~~873536~~609751% 02.~~683740~~175943% 0.~~094075~~080319% 0.~~220016~~622724% 0.000000% 02.~~997832~~878987% (7) Delinquencies are stratified according to the information the Servicer has provided. All 90+ delinquencies are reported in the 90 day delinquency field.

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~173~~268,~~763~~735.10 Class A-2 128,450,092.09 17.12667684% 128,188,896.81 17.34563894% 36.683904% 0.000000% Class A-3 112,500,092.09 15.00001044% 112,500,092.09 15.22273790% 2.122901% 0.000000% Class M-1 73,125,092.09 9.75001108% 73,125,092.09 9.89478400% 5.327954% 0.000000% Class M-2 41,250,092.09 5.50001160% 41,250,092.09 5.58167846% 4.313106% 0.000000% Class M-3 33,750,092.09 4.50001173% 33,750,092.09 4.56683009% 1.014848% 0.000000% Class M-4 24,375,092.09 3.25001188% 24,375,092.09 3.29826964% 1.268560% 0.000000% Class R-I 8,625,092.09 1.15001214% 8,625,092.09 1.16708808% 0.000000% 0.000000% Class R-II 8,625,092.09 1.15001214% 8,625,092.09 1.16708808% 0.000000% 0.000000% Class R-III 8,625,092.09 1.15001214% 8,625,092.09 1.16708808% 0.000000% 0.000000% Class C 100.00 0.00001333% 100.00 0.00001353% 1.167075% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure02

~~COLLATERAL~~Class ~~STATEMENT~~A-2 ~~Collateral~~128,450,092.09 ~~Description~~17.12667684% ~~Mixed~~127,799,319.33 ~~Fixed~~17.71292459% &36.369357% ~~Arm~~0.000000% ~~Weighted~~Class ~~Average~~A-3 ~~Gross~~112,500,092.09 ~~Coupon 7~~15.~~784879~~00001044% ~~Weighted~~112,500,092.09 ~~Average~~15.59245900% ~~Net~~2.120466% ~~Coupon 7~~0.~~484879~~000000% ~~Weighted~~Class ~~Average Pass~~M-~~Through~~1 ~~Rate~~73,125,092.09 69.~~801580~~75001108% ~~Weighted~~73,125,092.09 ~~Average~~10.13510282% ~~Maturity(Stepdown~~5.457356% ~~Calculation~~0.000000% )Class ~~357~~M-2 ~~Beginning~~41,250,092.09 ~~Scheduled~~5.50001160% ~~Collateral~~41,250,092.09 ~~Loan Count~~ 5~~,069~~.71724305% ~~Number~~4.417860% Of0.000000% ~~Loans~~Class ~~Paid~~M-3 In33,750,092.09 ~~Full~~4.50001173% 3233,750,092.09 ~~Ending~~4.67774664% ~~Scheduled~~1.039496% ~~Collateral~~0.000000% ~~Loan~~Class ~~Count~~M-4 524,~~037~~375,092.09 ~~Beginning~~3.25001188% ~~Scheduled Collateral Balance 746~~24,~~251~~375,~~856~~092.8709 ~~Ending~~3.37837612% ~~Scheduled~~1.299371% ~~Collateral~~0.000000% ~~Balance~~Class ~~739~~R-I 8,~~026~~625,~~663~~092.9209 ~~Ending~~1.15001214% ~~Actual~~8,625,092.09 ~~Collateral~~1.19543364% ~~Balance~~0.000000% at0.000000% 30Class R-~~Sep-2003~~II ~~739~~8,~~154~~625,~~991~~092.4409 ~~Monthly~~1.15001214% ~~P &I Constant 5~~8,~~426~~625,~~435~~092.2109 ~~Special~~1.19543364% ~~Servicing~~0.000000% ~~Fee~~ 0.00000000% ~~Prepayment~~Class ~~Penalties~~R-III 988,~~549~~625,092.6409 ~~Realized~~1.15001214% ~~Loss~~8,625,092.09 ~~Amount~~1.19543364% 0.00000000% ~~Cumulative~~0.000000% ~~Realized~~Class ~~Loss~~C 100.00 0.00001333% 100.00 ~~Ending~~0.00001386% ~~Scheduled~~1.195420% ~~Balance~~0.000000% ~~for~~Please ~~Premium~~Refer ~~Loans~~to ~~739,026,663.92~~the ~~Scheduled~~Prospectus ~~Principal~~Supplement ~~585,201.51~~for ~~Unscheduled~~a ~~Principal~~Full ~~6,639,991.44~~Description of Loss Exposure

~~Trigger~~COLLATERAL ~~Event~~STATEMENT ~~Not~~Collateral ~~Triggered~~Description InMixed ~~Effect~~Fixed ~~Since~~& ~~N/A~~Arm ~~Comments~~Weighted ~~N/A~~Average Gross Coupon 7.778245% Weighted Average Net Coupon 7.478245% Weighted Average Pass-Through Rate 6.792840% Weighted Average Maturity(Stepdown ~~Date~~Calculation Do) ~~Not~~355 ~~Step~~Beginning ~~Down~~Scheduled Collateral Loan Count 5,000 Number Of Loans Paid In ~~Effect~~Full ~~Since~~57 ~~N/A~~Ending ~~Comments~~Scheduled ~~N/A~~Collateral ~~Unscheduled~~Loan ~~Principal-Voluntary~~Count 64,~~639~~943 Beginning Scheduled Collateral Balance 732,~~991~~434,885.4481 ~~Unscheduled~~Ending ~~Principal~~Scheduled Collateral Balance 721,503,209.05 Ending Actual Collateral Balance at 30-~~Involuntary~~Nov-2003 721,684,479.71 Monthly P &I Constant 5,327,914.25 Special Servicing Fee 0.00 Prepayment Penalties 186,575.11 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 721,503,209.05 Scheduled Principal 580,365.72 Unscheduled Principal 10,351,311.04

~~Miscellaneous~~Trigger ~~Reporting~~Event ~~General~~No ~~Excess~~Triggered ~~Available~~In ~~Amt~~Effect ~~3,159,462.42~~Since ~~Excess~~N/A ~~Overcollateralized~~Comments ~~Amt~~N/A ~~0.00~~Stepdown ~~Extra~~Date ~~Principal~~Do ~~Distribution~~Not ~~Amt~~Step ~~0.00~~Down ~~Overcollateralization~~In ~~Amt~~Effect ~~8,624,992.09~~Since ~~Overcollateralization~~N/A ~~Deficit~~Comments ~~Amt~~N/A ~~0.00~~Unscheduled ~~#OC_RELEASE~~Principal-Voluntary ~~0.00 #OC_TARGET 8~~10,~~624~~351,~~992~~311.0904 ~~#OCINCREMENT~~Unscheduled ~~0.00~~Principal-Involuntary ~~#STEPDOWN~~ 0.00 ~~#TRIGEVENT 0.00~~

~~Group~~Miscellaneous ~~Level~~Reporting ~~Collateral~~General ~~Statement~~Excess ~~Group~~Available ~~Group~~Amt ~~1 Group 2 Group~~ 3 Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.529150 7.902928 7.647757 Weighted Average Net Rate 7.229149 7.602928 7.347756 Weighted Average Maturity 357 357 357 Beginning Loan Count 1,~~001 1~~127,~~933 742 Loans Paid In Full 3 15 6 Ending Loan Count 998 1,918 736 Beginning Scheduled Balance 140,612,859~~203.0252 ~~282,331,121.22~~Extra ~~104,416,042.09 Ending scheduled Balance 139,889,013.67 279,326,043.16 103,273,379.93 Record Date 09/30/2003 09/30/2003 09/30/2003~~ Principal ~~And~~Distribution ~~Interest~~Amt Constant 1,013,462.76 2,059,229.55 762,931.54 Scheduled Principal 131,216.72 199,860.76 97,474.41 Unscheduled Principal 592,628.63 2,805,217.30 1,045,187.75 Scheduled Interest 882,246.04 1,859,368.79 665,457.13 Servicing Fees 35,153.26 70,582.81 26,104.10 Master Servicing Fees 0.00 ~~0.00~~Overcollateralization ~~0.00~~Amt ~~Trustee Fee 351.37 705.60 261.01 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 94~~8,~~826.46 160~~624,~~612~~992.9709 ~~61,926.75~~Excess ~~Pool~~Overcollateralized ~~Insurance~~Amt ~~Fee~~ 0.00 ~~0.00~~Overcollateralization ~~0.00~~Deficit ~~Spread~~Amt ~~Fee 1~~ 0.00 ~~0.00~~Overcollateralization ~~0.00~~Increase ~~Spread~~Amt ~~Fee 2~~ 0.00 ~~0.00~~Overcollateralization ~~0.00~~Release ~~Spread~~Amt ~~Fee 3~~ 0.00 ~~0.00~~Specified ~~0.00~~Overcollateralization ~~Net~~Amt ~~Interest 847~~8,~~092.78 1~~624,~~788,785~~992.98 639,353.03 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.416895 6.917271 6.63306409

Group Level Collateral Statement Group Group 41 ~~Total~~Group 2 Group 3 Collateral Description Mixed Fixed Mixed ARM Mixed Fixed ~~& Arm~~ Weighted Average Coupon Rate 7.~~862304~~527400 7.~~784879~~899698 7.635720 Weighted Average Net Rate 7.~~562303~~227400 7.~~484879~~599698 7.335720 Weighted Average Maturity ~~357~~355 ~~357~~355 355 Beginning Loan Count 990 1,~~393~~907 ~~5,069~~736 Loans Paid In Full 89 3227 4 Ending Loan Count 981 1,~~385~~880 ~~5,037~~732 Beginning Scheduled Balance ~~218~~138,~~891~~740,~~834~~451.5421 ~~746~~277,~~251~~708,~~856~~699.8703 103,167,795.13 Ending scheduled Balance ~~216~~137,~~538~~591,~~227~~414.1619 ~~739~~272,~~026~~797,~~663~~941.9297 102,389,682.89 Record Date 0911/30/2003 0911/30/2003 11/30/2003 Principal And Interest Constant 1,~~590~~000,~~811~~865.3640 52,~~426~~026,~~435~~277.2166 754,730.23 Scheduled Principal ~~156~~130,~~649~~569.6263 ~~585~~198,~~201~~098.5171 98,263.25 Unscheduled Principal 21,~~196~~018,~~957~~467.7639 64,~~639~~712,~~991~~658.4435 679,848.99 Scheduled Interest 870,295.77 1,~~434~~828,~~161~~178.7495 4656,~~841,233~~466.7098 Servicing Fees 5434,~~723~~685.0314 ~~186~~69,~~563~~427.2018 25,791.92 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~547~~346.4385 ~~1,865~~694.4127 257.94 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee ~~105~~93,~~695~~507.5916 ~~423~~158,~~061~~367.7706 60,928.09 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 835,610.68 1,~~379~~758,~~438~~751.7163 4630,~~654,670~~675.5005 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 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~979862~~415634 6.~~801580~~912382 6.624032

Filing Compare · OPTION ONE MORTGAGE ACCEP CORP ASSET BACK CERTS SER 2003 5