8-K 1 bsl03007_jan.txt JANUARY 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): January 26, 2004 BEAR STEARNS ALT-A TRUST Mortgage Pass-Through Certificates, Series 2003-7 Trust (Exact name of registrant as specified in its charter) 54-2139195 New York (governing law of 333-106323-12 54-2139196 Pooling and Servicing Agreement) (Commission 54-2139197 (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 January 26, 2004 a distribution was made to holders of BEAR STEARNS ALT-A TRUST, Mortgage Pass-Through Certificates, Series 2003-7 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 2003-7 Trust, relating to the January 26, 2004 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. BEAR STEARNS ALT-A TRUST Mortgage Pass-Through Certificates, Series 2003-7 Trust By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 2/6/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-7 Trust, relating to the January 26, 2004 distribution. EX-99.1

~~INITIAL~~Bear ~~UNCERTIFICATED~~Stearns ~~REMIC~~ALT-A IITrust ~~UNCERTIFICATED~~Mortgage ~~REMIC~~Pass-Through IICertificates Record Date: 12/31/03 Distribution Date: 1/26/04 BSL Series: 2003-~~------------------------------~~7 ~~LATEST~~Contact: ~~POSSIBLE~~Customer ~~DESIGNATION~~Service ~~PASS~~-~~THROUGH~~ ~~RATE~~CTSLink ~~PRINCIPAL~~Wells ~~BALANCE~~Fargo ~~MATURITY~~Bank ~~DATE~~Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (3301) 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 I-A-~~--------------~~1 ~~LT1~~07386HEQ0 ~~Variable(~~SEN 1).54125% ~~$297~~283,~~816~~120,~~914~~300.8500 ~~February~~327,269.37 253,133,678.19 ~~2034~~II-A-1 ~~LT2~~07386HER8 ~~Variable(~~SEN 1).46125% $4125,~~081~~000,000.8700 ~~February~~136,992.19 258,817,688.56 ~~2034~~II-A-2 ~~LT3~~07386HES6 0SEN 1.0042125% ~~$25~~145,~~720~~975,200.2800 ~~February~~155,600.44 2510,297,310.80 ~~2034~~M-1 ~~LT4~~07386HET4 ~~Variable(~~SUB 1).79125% ~~$25~~14,~~720~~581,500.2800 ~~February 25~~19,589.33 ~~2034~~0.00 ~~LT5~~M-2 ~~Variable(1)~~07386HEU1 ~~$285~~SUB 2.49125% 8,~~040~~748,~~921~~900.2800 ~~February 25~~16,346.77 ~~2034~~0.00 ~~LT6~~B ~~Variable(1)~~07386HEV9 $SUB 3.64125% 5,~~497~~832,600.8600 ~~February 25~~15,928.47 ~~2034~~0.00 ~~LT7~~B-IO BSL030071 SEN 0.0000000% ~~$25~~0.00 2,~~025~~202,241.8525 ~~February~~0.00 ~~25,~~X ~~2034~~BSL030072 ~~LT8~~SEN ~~Variable(1)~~0.00000% ~~$25,025~~37.8513 ~~February~~0.00 ~~25,~~0.00 ~~2034~~XP ~~LT-Y1(2)~~BSL030073 ~~Variable(~~SEN 0.00000% 100.00 0.00 0.00 R-1) ~~$149,010~~BSL030074 RES 0.7200000% ~~February~~0.00 ~~25,~~0.00 ~~2034~~0.00 LTR-~~Y2(~~2) ~~Variable(1)~~BSL030075 ~~$142,618~~RES 0.1700000% ~~February~~0.00 ~~25,~~0.00 ~~2034~~0.00 R-II3 BSL030076 RES 0.0000000% $0.00 ~~February~~0.00 250.00 Totals 583,258,637.13 ~~2034~~2,873,967.82 22,248,677.55

~~Uncertificated~~Certificateholder ~~REMIC~~Distribution ISummary ~~Initial~~(continued) ~~Uncertificated~~Current ~~Assumed~~Ending ~~Final~~Cumulative ~~Designation~~Realized ~~Pass~~Certificate ~~Through~~Total ~~Rate~~Realized ~~Principal~~Class Loss Balance ~~Maturity~~Distribution ~~Date(1)~~Losses I-A-~~---------~~1 ~~-----------------~~0.00 279,986,621.81 3,460,947.56 0.00 II-A-~~---------------~~1 0.00 116,182,311.44 8,954,680.75 0.00 II-A-~~--------------~~2 Y0.00 135,677,889.20 10,452,911.24 0.00 M-1 ~~Variable(2)~~0.00 ~~$149~~14,~~010~~581,500.7200 ~~February 25~~19,589.33 ~~2034~~0.00 YM-2 ~~Variable(2)~~0.00 ~~$297~~8,~~872~~748,~~437~~900.2800 ~~February~~16,346.77 250.00 B 0.00 5,832,600.00 ~~2034~~15,928.47 Z0.00 B-1IO ~~Variable(2)~~0.00 ~~$142~~0.00 2,~~618~~202,241.1725 ~~February~~0.00 ~~25,~~X ~~2034~~0.00 Z37.13 0.00 0.00 XP 0.00 100.00 0.00 0.00 R-21 ~~Variable(~~0.00 0.00 0.00 0.00 R-2) ~~$285,094,470~~0.8300 ~~February~~0.00 ~~25,~~0.00 ~~2034~~0.00 R-I3 0%.00 $0.00 ~~February~~0.00 0.00 Totals 0.00 561,009,959.58 25,122,645.37 ~~2034~~0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Filing Compare · BEAR STEARNS ALT A MORT PASS THR CERTS SER 2003-7