8-K 1 bsa03ac5_nov.txt NOVEMBER 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): November 26, 2004 BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2003-AC5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-91334-13 54-2126365 Pooling and Servicing Agreement) (Commission 54-2126366 (State or other File Number) 54-2126367 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, 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) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On November 26, 2004 a distribution was made to holders of BEAR STEARNS ASSET BACKED SECURITIES TRUST, Asset Backed Certificates, Series 2003-AC5 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2003-AC5 Trust, relating to the November 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 ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2003-AC5 Trust (Registrant) 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: 11/30/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2003-AC5 Trust, relating to the November 26, 2004 distribution. EX-99.1

Bear Stearns Asset Backed Securities Mortgage Pass-Through Certificates Record Date: 810/31/2004 Distribution Date: 911/2726/2004 BSA Series: 2003-AC5 Contact: Customer Service - CTSLink Wells Fargo Bank, 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 07384YMA1 SEN 5.25000% ~~106~~100,~~012~~293,~~801~~898.3066 ~~463~~438,~~806~~785.0181 23,~~943~~055,~~654~~685.1573 A-2 07384YMB9 SEN 5.00000% ~~127~~120,~~416~~542,~~344~~819.4115 ~~530~~502,~~901~~261.4375 3,~~537~~672,~~965~~615.6796 A-3 07384YMC7 SEN 2.~~21500~~53250% 3230,~~235~~496,~~148~~210.1731 5964,~~500~~359.71 ~~895~~929,~~072~~137.3662 A-4 07384YMD5 IO 5.~~78500~~46750% 0.00 ~~155~~138,~~400~~948.2836 0.00 A-5 07384YNA0 SEN 4.75000% ~~113~~107,~~585~~457,~~144~~748.2557 ~~449~~425,~~607~~353.8659 3,~~153~~273,~~915~~949.1600 M-1 07384YME3 MEZ 5.25000% 3028,~~116~~492,~~722~~063.4086 ~~131~~124,~~760~~652.6678 ~~836~~868,~~250~~076.0966 M-2 07384YMF0 MEZ 3.~~31500~~63250% 2625,~~770~~326,~~504~~358.0558 81,~~348~~776.8700 ~~743~~771,~~335~~626.7513 B 07384YMG8 SUB 45.~~86500~~18250% 109,~~039~~497,~~512~~926.2477 4443,~~772~~753.0478 ~~278~~289,~~766~~376.8232 C 07384YMM5 OC 0.00000% 45,~~951~~634,~~784~~266.9610 0.00 0.00 P 07384YML7 SEN 0.00000% 100.00 3227,~~785~~272.2691 0.00 R-1 07384YMN3 RES 0.00000% 0.00 0.00 0.00 R-2 07384YMP8 RES 0.00000% 0.00 0.00 0.00 R-3 07384YMQ6 RES 0.00000% 0.00 0.00 0.00 Totals ~~451~~427,~~128~~741,~~061~~392.7800 1,~~949~~847,~~883~~164.1269 12,~~388~~860,~~960~~467.0042

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~103~~97,~~069~~238,~~147~~212.1593 3,~~407~~494,~~460~~471.1654 0.00 A-2 0.00 ~~123~~116,~~878~~870,~~378~~203.7519 4,~~068~~174,~~867~~877.1071 0.00 A-3 0.00 3129,~~340~~567,~~075~~072.8269 ~~954~~993,~~573~~497.0733 0.00 A-4 0.00 0.00 ~~155~~138,~~400~~948.2836 0.00 A-5 0.00 ~~110~~104,~~431~~183,~~229~~799.0957 3,~~603~~699,~~523~~302.0259 0.00 M-1 0.00 2927,~~280~~623,~~472~~987.3119 ~~968~~992,~~010~~729.7544 0.00 M-2 0.00 2624,~~027~~554,~~168~~732.3046 ~~824~~853,~~684~~402.6213 0.00 B 0.00 9,~~760~~208,~~745~~550.4245 ~~323~~333,~~538~~130.8610 0.00 C 0.00 5,~~292~~949,~~272~~042.5241 0.00 0.00 P 0.00 100.00 3227,~~785~~272.2691 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 ~~439~~415,~~079~~195,~~589~~700.3689 14,~~338~~707,~~843~~632.1211 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-1 140,000,000.00 ~~106~~100,~~012~~293,~~801~~898.3066 0.00 23,~~943~~055,~~654~~685.1573 0.00 0.00 A-2 168,265,417.00 ~~127~~120,~~416~~542,~~344~~819.4115 0.00 3,~~537~~672,~~965~~615.6796 0.00 0.00 A-3 42,569,583.00 3230,~~235~~496,~~148~~210.1731 0.00 ~~895~~929,~~072~~137.3662 0.00 0.00 A-4 0.00 0.00 0.00 0.00 0.00 0.00 A-5 150,000,000.00 ~~113~~107,~~585~~457,~~144~~748.2557 0.00 3,~~153~~273,~~915~~949.1600 0.00 0.00 M-1 39,772,000.00 3028,~~116~~492,~~722~~063.4086 0.00 ~~836~~868,~~250~~076.0966 0.00 0.00 M-2 35,353,000.00 2625,~~770~~326,~~504~~358.0558 0.00 ~~743~~771,~~335~~626.7513 0.00 0.00 B 13,258,132.00 109,~~039~~497,~~512~~926.2477 0.00 ~~278~~289,~~766~~376.8232 0.00 0.00 C 0.19 45,~~951~~634,~~784~~266.9610 0.00 0.00 0.00 0.00 P 100.00 100.00 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 589,218,232.19 ~~451~~427,~~128~~741,~~061~~392.7800 0.00 12,~~388~~860,~~960~~467.0042 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 23,~~943~~055,~~654~~685.1573 ~~103~~97,~~069~~238,~~147~~212.1593 0.~~73620819~~69455866 23,~~943~~055,~~654~~685.1573 A-2 3,~~537~~672,~~965~~615.6796 ~~123~~116,~~878~~870,~~378~~203.7519 0.~~73620819~~69455866 3,~~537~~672,~~965~~615.6796 A-3 ~~895~~929,~~072~~137.3662 3129,~~340~~567,~~075~~072.8269 0.~~73620819~~69455866 ~~895~~929,~~072~~137.3662 A-4 0.00 0.00 0.00000000 0.00 A-5 3,~~153~~273,~~915~~949.1600 ~~110~~104,~~431~~183,~~229~~799.0957 0.~~73620819~~69455866 3,~~153~~273,~~915~~949.1600 M-1 ~~836~~868,~~250~~076.0966 2927,~~280~~623,~~472~~987.3119 0.~~73620819~~69455866 ~~836~~868,~~250~~076.0966 M-2 ~~743~~771,~~335~~626.7513 2624,~~027~~554,~~168~~732.3046 0.~~73620819~~69455866 ~~743~~771,~~335~~626.7513 B ~~278~~289,~~766~~376.8232 9,~~760~~208,~~745~~550.4245 0.~~73620819~~69455866 ~~278~~289,~~766~~376.8232 C 0.00 5,~~292~~949,~~272~~042.5241 ~~854~~310,~~065~~749.~~89473680~~52631580 0.00 P 0.00 100.00 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 12,~~388~~860,~~960~~467.0042 ~~439~~415,~~079~~195,~~589~~700.3689 0.~~74519009~~70465522 12,~~388~~860,~~960~~467.0042

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 140,000,000.00 ~~757~~716.~~23429500~~38499043 0.00000000 21.~~02610107~~82632664 0.00000000 A-2 168,265,417.00 ~~757~~716.~~23429497~~38499045 0.00000000 21.~~02610110~~82632668 0.00000000 A-3 42,569,583.00 ~~757~~716.~~23429497~~38499043 0.00000000 21.~~02610120~~82632656 0.00000000 A-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-5 150,000,000.00 ~~757~~716.~~23429500~~38499047 0.00000000 21.~~02610107~~82632667 0.00000000 M-1 39,772,000.00 ~~757~~716.~~23429548~~38499095 0.00000000 21.~~02610103~~82632656 0.00000000 M-2 35,353,000.00 ~~757~~716.~~23429553~~38499081 0.00000000 21.~~02610104~~82632676 0.00000000 B 13,258,132.00 ~~757~~716.~~23429515~~38499074 0.00000000 21.~~02610081~~82632667 0.00000000 C 0.19 ~~62026105~~654032105.26320000 0.00000000 0.00000000 0.00000000 P 100.00 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

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 21.~~02610107~~82632664 ~~736~~694.~~20819393~~55866379 0.~~73620819~~69455866 21.~~02610107~~82632664 A-2 0.00000000 21.~~02610110~~82632668 ~~736~~694.~~20819393~~55866377 0.~~73620819~~69455866 21.~~02610110~~82632668 A-3 0.00000000 21.~~02610120~~82632656 ~~736~~694.~~20819401~~55866387 0.~~73620819~~69455866 21.~~02610120~~82632656 A-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-5 0.00000000 21.~~02610107~~82632667 ~~736~~694.~~20819393~~55866380 0.~~73620819~~69455866 21.~~02610107~~82632667 M-1 0.00000000 21.~~02610103~~82632656 ~~736~~694.~~20819446~~55866414 0.~~73620819~~69455866 21.~~02610103~~82632656 M-2 0.00000000 21.~~02610104~~82632676 ~~736~~694.~~20819450~~55866433 0.~~73620819~~69455866 21.~~02610104~~82632676 B 0.00000000 21.~~02610081~~82632667 ~~736~~694.~~20819434~~55866407 0.~~73620819~~69455866 21.~~02610081~~82632667 C 0.00000000 0.~~0000000054~~00000000 31,~~065~~310,~~894~~749,526.~~73680000~~31580000 ~~27854065~~31310749.~~89473680~~52631580 0.00000000 P 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-1 140,000,000.00 5.25000% ~~106~~100,~~012~~293,~~801~~898.3066 ~~463~~438,~~806~~785.0181 0.00 0.00 A-2 168,265,417.00 5.00000% ~~127~~120,~~416~~542,~~344~~819.4115 ~~530~~502,~~901~~261.4475 0.00 0.00 A-3 42,569,583.00 2.~~21500~~53250% 3230,~~235~~496,~~148~~210.1731 5964,~~500~~359.71 0.00 0.00 A-4 0.00 5.~~78500~~46750% 3230,~~235~~496,~~148~~210.1731 ~~155~~138,~~400~~948.2836 0.00 0.00 A-5 150,000,000.00 4.75000% ~~113~~107,~~585~~457,~~144~~748.2557 ~~449~~425,~~607~~353.8659 0.00 0.00 M-1 39,772,000.00 5.25000% 3028,~~116~~492,~~722~~063.4086 ~~131~~124,~~760~~652.6678 0.00 0.00 M-2 35,353,000.00 3.~~31500~~63250% 2625,~~770~~326,~~504~~358.0558 81,~~348~~776.8700 0.00 0.00 B 13,258,132.00 45.~~86500~~18250% 109,~~039~~497,~~512~~926.2477 4443,~~772~~753.0478 0.00 0.00 C 0.19 0.00000% 45,~~951~~634,~~784~~266.9610 0.00 0.00 0.00 P 100.00 0.00000% 100.00 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 589,218,232.19 1,~~917~~819,~~097~~891.8778 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 ~~463~~438,~~806~~785.0181 0.00 ~~103~~97,~~069~~238,~~147~~212.1593 A-2 0.00 0.00 ~~530~~502,~~901~~261.4375 0.00 ~~123~~116,~~878~~870,~~378~~203.7519 A-3 0.00 0.00 5964,~~500~~359.71 0.00 3129,~~340~~567,~~075~~072.8269 A-4 0.00 0.00 ~~155~~138,~~400~~948.2836 0.00 3129,~~340~~567,~~075~~072.8269 A-5 0.00 0.00 ~~449~~425,~~607~~353.8659 0.00 ~~110~~104,~~431~~183,~~229~~799.0957 M-1 0.00 0.00 ~~131~~124,~~760~~652.6678 0.00 2927,~~280~~623,~~472~~987.3119 M-2 0.00 0.00 81,~~348~~776.8700 0.00 2624,~~027~~554,~~168~~732.3046 B 0.00 0.00 4443,~~772~~753.0478 0.00 9,~~760~~208,~~745~~550.4245 C 0.00 0.00 0.00 0.00 5,~~292~~949,~~272~~042.5241 P 0.00 0.00 3227,~~785~~272.2691 0.00 100.00 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 1,~~949~~847,~~883~~164.1269 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-1 140,000,000.00 5.25000% ~~757~~716.~~23429500~~38499043 3.~~31290007~~13418436 0.00000000 0.00000000 A-2 168,265,417.00 5.00000% ~~757~~716.~~23429497~~38499045 32.~~15514293~~98493748 0.00000000 0.00000000 A-3 42,569,583.00 2.~~21500~~53250% ~~757~~716.~~23429497~~38499043 1.~~39772828~~51187081 0.00000000 0.00000000 A-4 0.00 5.~~78500~~46750% ~~757~~716.~~23429497~~38499043 3.~~65050041~~26402915 0.00000000 0.00000000 A-5 150,000,000.00 4.75000% ~~757~~716.~~23429500~~38499047 2.~~99738573~~83569060 0.00000000 0.00000000 M-1 39,772,000.00 5.25000% ~~757~~716.~~23429548~~38499095 3.~~31290003~~13418435 0.00000000 0.00000000 M-2 35,353,000.00 3.~~31500~~63250% ~~757~~716.~~23429553~~38499081 2.~~30104574~~31312760 0.00000000 0.00000000 B 13,258,132.00 45.~~86500~~18250% ~~757~~716.~~23429515~~38499074 3.~~37694933~~30014666 0.00000000 0.00000000 C 0.19 0.00000% ~~62026105~~654032105.26320000 0.00000000 0.00000000 0.00000000 P 100.00 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) 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 3.~~31290007~~13418436 0.00000000 ~~736~~694.~~20819393~~55866379 A-2 0.00000000 0.00000000 32.~~15514287~~98493748 0.00000000 ~~736~~694.~~20819393~~55866377 A-3 0.00000000 0.00000000 1.~~39772828~~51187081 0.00000000 ~~736~~694.~~20819401~~55866387 A-4 0.00000000 0.00000000 3.~~65050041~~26402915 0.00000000 ~~736~~694.~~20819401~~55866387 A-5 0.00000000 0.00000000 2.~~99738573~~83569060 0.00000000 ~~736~~694.~~20819393~~55866380 M-1 0.00000000 0.00000000 3.~~31290003~~13418435 0.00000000 ~~736~~694.~~20819446~~55866414 M-2 0.00000000 0.00000000 2.~~30104574~~31312760 0.00000000 ~~736~~694.~~20819450~~55866433 B 0.00000000 0.00000000 3.~~37694933~~30014666 0.00000000 ~~736~~694.~~20819434~~55866407 C 0.00000000 0.00000000 0.00000000 0.00000000 ~~854065894~~310749526.~~73680000~~31580000 P 0.00000000 0.00000000 ~~327852~~272729.~~60000000~~10000000 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 14,~~419~~793,~~468~~410.1205 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 4548,~~855~~706.7164 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 14,~~465~~842,~~323~~116.8369 Withdrawals Reimbursement for Servicer Advances 3245,~~495~~371.7281 Payment of Service Fee 9389,~~984~~112.9977 Payment of Interest and Principal 14,~~338~~707,~~843~~632.1211 Total Withdrawals (Pool Distribution Amount) 14,~~465~~842,~~323~~116.8369 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 9389,~~984~~112.9977 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 9389,~~984~~112.9977

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Net Wac Reserve Fund 5,000.00 0.00 0.00 5,000.00 Reserve Fund 100.00 0.00 0.00 100.00

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 8 0 0 8 1,~~419~~705,~~659~~906.8477 0.00 0.00 1,~~419~~705,~~659~~906.8477 30 Days 1912 0 0 0 1912 32,~~959~~640,~~393~~587.2659 0.00 0.00 0.00 32,~~959~~640,~~393~~587.2659 60 Days 38 01 0 0 39 ~~866~~1,~~637~~832,756.1596 0200,701.0047 0.00 0.00 ~~866~~2,~~637~~033,458.1543 90 Days 13 0 10 0 23 ~~154~~673,~~822~~057.3458 0.00 ~~61,199~~0.7500 0.00 ~~216~~673,~~022~~057.0958 120 Days 10 0 1 0 21 ~~49,310~~0.3800 0.00 43132,~~755~~816.8565 0.00 93132,~~066~~816.2365 150 Days 1 0 0 1 20 ~~179,642.28~~1 0.00 0.00 ~~212~~61,~~053~~199.6875 ~~391~~0.00 61,~~695~~199.9675 180+ Days 1 0 6 4 211 ~~7 118~~179,~~684~~642.4128 0.00 ~~829~~997,~~213~~207.0281 ~~443~~699,~~847~~656.0457 1,~~391~~876,~~744~~506.4766 Totals 2624 9 8 64 345 43 5,~~328~~326,~~489~~044.8241 1,~~419~~906,~~659~~608.8424 ~~934~~1,~~168~~191,224.6221 ~~655~~699,~~900~~656.7257 89,~~338~~123,~~219~~533.0043 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.~~324281~~339703% 0.000000% 0.000000% 0.~~324281~~339703% 0.~~322938~~410339% 0.000000% 0.000000% 0.~~322938~~410339% 30 Days 0.~~770166~~509554% 0.000000% 0.000000% 0.000000% 0.~~770166~~509554% 0.~~900666~~635167% 0.000000% 0.000000% 0.000000% 0.~~900666~~635167% 60 Days 0.~~121605~~339703% 0.~~000000~~042463% 0.000000% 0.000000% 0.~~121605~~382166% 0.~~197139~~440851% 0.~~000000~~048277% 0.000000% 0.000000% 0.~~197139~~489128% 90 Days 0.~~040535~~127389% 0.000000% 0.~~040535~~000000% 0.000000% 0.~~081070~~127389% 0.~~035218~~161897% 0.000000% 0.~~013921~~000000% 0.000000% 0.~~049140~~161897% 120 Days 0.~~040535~~000000% 0.000000% 0.~~040535~~042463% 0.000000% 0.~~081070~~042463% 0.~~011217~~000000% 0.000000% 0.~~009953~~031948% 0.000000% 0.~~021170~~031948% 150 Days 0.~~040535~~000000% 0.000000% 0.~~000000~~042463% 0.~~040535~~000000% 0.~~081070~~042463% 0.~~040864~~000000% 0.000000% 0.~~000000~~014721% 0.~~048237~~000000% 0.~~089101~~014721% 180+ Days 0.~~040535~~042463% 0.000000% 0.~~162140~~254777% 0.~~081070~~169851% 0.~~283745~~467091% 0.~~026998~~043211% 0.000000% 0.~~188626~~239868% 0.~~100964~~168295% 0.~~316588~~451375% Totals 1.~~053912~~019108% 0.~~324281~~382166% 0.~~243210~~339703% 0.~~121605~~169851% 1.~~743008~~910828% 1.~~212103~~281126% 0.~~322938~~458615% 0.~~212501~~286537% 0.~~149202~~168295% 12.~~896743~~194574%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 4548,~~855~~706.7164

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 6.~~255175~~238671% Weighted Average Net Coupon 65.~~005175~~988671% Weighted Average Pass-Through Rate 65.~~005175~~988671% Weighted Average Maturity(Stepdown Calculation ) ~~323~~321 Beginning Scheduled Collateral Loan Count 2,~~527~~409 Number Of Loans Paid In Full 6054 Ending Scheduled Collateral Loan Count 2,~~467~~355 Beginning Scheduled Collateral Balance ~~451~~427,~~127~~741,~~961~~292.7900 Ending Scheduled Collateral Balance ~~439~~415,~~079~~195,~~489~~600.3488 Ending Actual Collateral Balance at 31-~~Aug~~Oct-2004 ~~439~~415,~~607~~731,~~165~~482.2131 Monthly P &I Constant 2,~~961~~815,~~561~~006.9718 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~439~~415,~~079~~195,~~489~~600.3488 Scheduled Principal ~~609~~591,~~991~~225.5633 Unscheduled Principal 11,~~438~~954,~~480~~465.8979 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount ~~340~~314,~~487~~776.5631 Overcollateralized reduction Amount 0.00 Specified O/C Amount 7,365,227.00 Overcollateralized Amount 5,~~292~~949,~~272~~042.5241 Overcollateralized Deficiency Amount 21,~~072~~416,~~954~~184.4860 Base Overcollateralized Amount 0.00 Extra principal distribution Amount ~~340~~314,~~487~~776.5631 Excess Cash Amount ~~373~~342,~~272~~049.8222

Miscellaneous Reporting Net WAC Rate Carryover Amount Class A-1 0.00 Net WAC Rate Carryover Amount Class A-2 0.00 Net WAC Rate Carryover Amount Class A-3 0.00 Net WAC Rate Carryover Amount Class A-4 0.00 Net WAC Rate Carryover Amount Class A-5 0.00 Net WAC Rate Carryover Amount Class B 0.00 Net WAC Rate Carryover Amount Class M-1 0.00 Net WAC Rate Carryover Amount Class M-2 0.00 Three month rolling average 0.~~005846~~009141%

Filing Compare · ASSET-BACKED CERTIFICATES SERIES 2003-AC5