8-K 1 bsa03ac5_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 27, 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 December 27, 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 December 27, 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: 12/30/2004 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 December 27, 2004 distribution. EX-99.1

Bear Stearns Asset Backed Securities ~~Mortgage~~Asset ~~Pass-Through~~Backed Certificates Record Date: 1011/3130/2004 Distribution Date: 1112/2627/2004 ~~BSA~~Bear Stearns Asset Backed Securities Asset Backed Certificates 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% ~~100~~97,~~293~~238,~~898~~212.6693 ~~438~~425,~~785~~417.8119 3,~~055~~441,~~685~~293.7303 A-2 07384YMB9 SEN 5.00000% ~~120~~116,~~542~~870,~~819~~203.1519 ~~502~~486,~~261~~959.7518 34,~~672~~136,~~615~~075.9677 A-3 07384YMC7 SEN 2.~~53250~~78000% 3029,~~496~~567,~~210~~072.3169 6468,~~359~~497.7105 ~~929~~1,~~137~~046,388.6264 A-4 07384YMD5 IO 5.~~46750~~22000% 0.00 ~~138~~128,~~948~~616.3677 0.00 A-5 07384YNA0 SEN 4.75000% ~~107~~104,~~457~~183,~~748~~799.57 ~~425~~412,~~353~~394.5921 3,~~273~~687,~~949~~099.0068 M-1 07384YME3 MEZ 5.25000% 2827,~~492~~623,~~063~~987.8619 ~~124~~120,~~652~~854.7894 ~~868~~977,~~076~~622.6619 M-2 07384YMF0 MEZ 3.~~63250~~88000% 2524,~~326~~554,~~358~~732.5846 8176,~~776~~747.0018 ~~771~~869,~~626~~000.1323 B 07384YMG8 SUB 5.~~18250~~43000% 9,~~497~~208,~~926~~550.7745 4340,~~753~~279.7873 ~~289~~325,~~376~~893.3269 C 07384YMM5 OC 0.00000% 5,~~634~~949,~~266~~042.1041 0.00 0.00 P 07384YML7 SEN 0.00000% 100.00 2723,~~272~~226.9127 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 ~~427~~415,~~741~~195,~~392~~700.0089 1,~~847~~782,~~164~~992.6952 1214,~~860~~483,~~467~~373.4223

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 9793,~~238~~796,~~212~~919.9390 3,~~494~~866,~~471~~710.5422 0.00 A-2 0.00 ~~116~~112,~~870~~734,~~203~~127.1942 4,~~174~~623,~~877~~034.7195 0.00 A-3 0.00 2928,~~567~~520,~~072~~684.6905 ~~993~~1,~~497~~114,885.3369 0.00 A-4 0.00 0.00 ~~138~~128,~~948~~616.3677 0.00 A-5 0.00 ~~104~~100,~~183~~496,~~799~~699.5789 34,~~699~~099,~~302~~493.5989 0.00 M-1 0.00 2726,~~623~~646,~~987~~365.1900 ~~992~~1,~~729~~098,477.4413 0.00 M-2 0.00 2423,~~554~~685,732.4623 ~~853~~945,~~402~~747.1341 0.00 B 0.00 98,~~208~~882,~~550~~656.4576 ~~333~~366,~~130~~173.1042 0.00 C 0.00 56,~~949~~298,~~042~~297.4132 0.00 0.00 P 0.00 100.00 2723,~~272~~226.9127 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 ~~415~~401,~~195~~061,~~700~~582.8957 1416,~~707~~266,~~632~~365.1175 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 ~~100~~97,~~293~~238,~~898~~212.6693 0.00 3,~~055~~441,~~685~~293.7303 0.00 0.00 A-2 168,265,417.00 ~~120~~116,~~542~~870,~~819~~203.1519 0.00 34,~~672~~136,~~615~~075.9677 0.00 0.00 A-3 42,569,583.00 3029,~~496~~567,~~210~~072.3169 0.00 ~~929~~1,~~137~~046,388.6264 0.00 0.00 A-4 0.00 0.00 0.00 0.00 0.00 0.00 A-5 150,000,000.00 ~~107~~104,~~457~~183,~~748~~799.57 0.00 3,~~273~~687,~~949~~099.0068 0.00 0.00 M-1 39,772,000.00 2827,~~492~~623,~~063~~987.8619 0.00 ~~868~~977,~~076~~622.6619 0.00 0.00 M-2 35,353,000.00 2524,~~326~~554,~~358~~732.5846 0.00 ~~771~~869,~~626~~000.1323 0.00 0.00 B 13,258,132.00 9,~~497~~208,~~926~~550.7745 0.00 ~~289~~325,~~376~~893.3269 0.00 0.00 C 0.19 5,~~634~~949,~~266~~042.1041 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 ~~427~~415,~~741~~195,~~392~~700.0089 0.00 1214,~~860~~483,~~467~~373.4223 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 3,~~055~~441,~~685~~293.7303 9793,~~238~~796,~~212~~919.9390 0.~~69455866~~66997800 3,~~055~~441,~~685~~293.7303 A-2 34,~~672~~136,~~615~~075.9677 ~~116~~112,~~870~~734,~~203~~127.1942 0.~~69455866~~66997800 34,~~672~~136,~~615~~075.9677 A-3 ~~929~~1,~~137~~046,388.6264 2928,~~567~~520,~~072~~684.6905 0.~~69455866~~66997800 ~~929~~1,~~137~~046,388.6264 A-4 0.00 0.00 0.00000000 0.00 A-5 3,~~273~~687,~~949~~099.0068 ~~104~~100,~~183~~496,~~799~~699.5789 0.~~69455866~~66997800 3,~~273~~687,~~949~~099.0068 M-1 ~~868~~977,~~076~~622.6619 2726,~~623~~646,~~987~~365.1900 0.~~69455866~~66997800 ~~868~~977,~~076~~622.6619 M-2 ~~771~~869,~~626~~000.1323 2423,~~554~~685,732.4623 0.~~69455866~~66997800 ~~771~~869,~~626~~000.1323 B ~~289~~325,~~376~~893.3269 98,~~208~~882,~~550~~656.4576 0.~~69455866~~66997800 ~~289~~325,~~376~~893.3269 C 0.00 56,~~949~~298,~~042~~297.4132 ~~310~~148,~~749~~933.~~52631580~~26315790 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 1214,~~860~~483,~~467~~373.4223 ~~415~~401,~~195~~061,~~700~~582.8957 0.~~70465522~~68066730 1214,~~860~~483,~~467~~373.4223

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 ~~716~~694.~~38499043~~55866379 0.00000000 2124.~~82632664~~58066450 0.00000000 A-2 168,265,417.00 ~~716~~694.~~38499045~~55866377 0.00000000 2124.~~82632668~~58066455 0.00000000 A-3 42,569,583.00 ~~716~~694.~~38499043~~55866387 0.00000000 2124.~~82632656~~58066456 0.00000000 A-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-5 150,000,000.00 ~~716~~694.~~38499047~~55866380 0.00000000 2124.~~82632667~~58066453 0.00000000 M-1 39,772,000.00 ~~716~~694.~~38499095~~55866414 0.00000000 2124.~~82632656~~58066454 0.00000000 M-2 35,353,000.00 ~~716~~694.~~38499081~~55866433 0.00000000 2124.~~82632676~~58066444 0.00000000 B 13,258,132.00 ~~716~~694.~~38499074~~55866407 0.00000000 2124.~~82632667~~58066415 0.00000000 C 0.19 ~~654032105~~310749526.~~26320000~~31580000 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 2124.~~82632664~~58066450 ~~694~~669.~~55866379~~97799929 0.~~69455866~~66997800 2124.~~82632664~~58066450 A-2 0.00000000 2124.~~82632668~~58066455 ~~694~~669.~~55866377~~97799922 0.~~69455866~~66997800 2124.~~82632668~~58066455 A-3 0.00000000 2124.~~82632656~~58066456 ~~694~~669.~~55866387~~97799931 0.~~69455866~~66997800 2124.~~82632656~~58066456 A-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-5 0.00000000 2124.~~82632667~~58066453 ~~694~~669.~~55866380~~97799927 0.~~69455866~~66997800 2124.~~82632667~~58066453 M-1 0.00000000 2124.~~82632656~~58066454 ~~694~~669.~~55866414~~97799960 0.~~69455866~~66997800 2124.~~82632656~~58066454 M-2 0.00000000 2124.~~82632676~~58066444 ~~694~~669.~~55866433~~97799989 0.~~69455866~~66997800 2124.~~82632676~~58066444 B 0.00000000 2124.~~82632667~~58066415 ~~694~~669.~~55866407~~97799992 0.~~69455866~~66997800 2124.~~82632667~~58066415 C 0.00000000 0.00000000 3148,~~310~~933,~~749,526~~263.~~31580000~~15790000 ~~31310749~~33148933.~~52631580~~26315790 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% ~~100~~97,~~293~~238,~~898~~212.6693 ~~438~~425,~~785~~417.8118 0.00 0.00 A-2 168,265,417.00 5.00000% ~~120~~116,~~542~~870,~~819~~203.1519 ~~502~~486,~~261~~959.7518 0.00 0.00 A-3 42,569,583.00 2.~~53250~~78000% 3029,~~496~~567,~~210~~072.3169 6468,~~359~~497.7105 0.00 0.00 A-4 0.00 5.~~46750~~22000% 3029,~~496~~567,~~210~~072.3169 ~~138~~128,~~948~~616.3677 0.00 0.00 A-5 150,000,000.00 4.75000% ~~107~~104,~~457~~183,~~748~~799.57 ~~425~~412,~~353~~394.5921 0.00 0.00 M-1 39,772,000.00 5.25000% 2827,~~492~~623,~~063~~987.8619 ~~124~~120,~~652~~854.7894 0.00 0.00 M-2 35,353,000.00 3.~~63250~~88000% 2524,~~326~~554,~~358~~732.5846 8176,~~776~~747.0018 0.00 0.00 B 13,258,132.00 5.~~18250~~43000% 9,~~497~~208,~~926~~550.7745 4340,~~753~~279.7873 0.00 0.00 C 0.19 0.00000% 5,~~634~~949,~~266~~042.1041 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,~~819~~759,~~891~~766.7824 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 ~~438~~425,~~785~~417.8119 0.00 9793,~~238~~796,~~212~~919.9390 A-2 0.00 0.00 ~~502~~486,~~261~~959.7518 0.00 ~~116~~112,~~870~~734,~~203~~127.1942 A-3 0.00 0.00 6468,~~359~~497.7105 0.00 2928,~~567~~520,~~072~~684.6905 A-4 0.00 0.00 ~~138~~128,~~948~~616.3677 0.00 2928,~~567~~520,~~072~~684.6905 A-5 0.00 0.00 ~~425~~412,~~353~~394.5921 0.00 ~~104~~100,~~183~~496,~~799~~699.5789 M-1 0.00 0.00 ~~124~~120,~~652~~854.7894 0.00 2726,~~623~~646,~~987~~365.1900 M-2 0.00 0.00 8176,~~776~~747.0018 0.00 2423,~~554~~685,732.4623 B 0.00 0.00 4340,~~753~~279.7873 0.00 98,~~208~~882,~~550~~656.4576 C 0.00 0.00 0.00 0.00 56,~~949~~298,~~042~~297.4132 P 0.00 0.00 2723,~~272~~226.9127 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,~~847~~782,~~164~~992.6952 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% ~~716~~694.~~38499043~~55866379 3.~~13418436~~03869414 0.00000000 0.00000000 A-2 168,265,417.00 5.00000% ~~716~~694.~~38499045~~55866377 2.~~98493748~~89399443 0.00000000 0.00000000 A-3 42,569,583.00 2.~~53250~~78000% ~~716~~694.~~38499043~~55866387 1.~~51187081~~60906086 0.00000000 0.00000000 A-4 0.00 5.~~46750~~22000% ~~716~~694.~~38499043~~55866387 3.~~26402915~~02133028 0.00000000 0.00000000 A-5 150,000,000.00 4.75000% ~~716~~694.~~38499047~~55866380 2.~~83569060~~74929473 0.00000000 0.00000000 M-1 39,772,000.00 5.25000% ~~716~~694.~~38499095~~55866414 3.~~13418435~~03869406 0.00000000 0.00000000 M-2 35,353,000.00 3.~~63250~~88000% ~~716~~694.~~38499081~~55866433 2.~~31312760~~17088168 0.00000000 0.00000000 B 13,258,132.00 5.~~18250~~43000% ~~716~~694.~~38499074~~55866407 3.~~30014666~~03811502 0.00000000 0.00000000 C 0.19 0.00000% ~~654032105~~310749526.~~26320000~~31580000 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.~~13418436~~03869421 0.00000000 ~~694~~669.~~55866379~~97799929 A-2 0.00000000 0.00000000 2.~~98493748~~89399443 0.00000000 ~~694~~669.~~55866377~~97799922 A-3 0.00000000 0.00000000 1.~~51187081~~60906086 0.00000000 ~~694~~669.~~55866387~~97799931 A-4 0.00000000 0.00000000 3.~~26402915~~02133028 0.00000000 ~~694~~669.~~55866387~~97799931 A-5 0.00000000 0.00000000 2.~~83569060~~74929473 0.00000000 ~~694~~669.~~55866380~~97799927 M-1 0.00000000 0.00000000 3.~~13418435~~03869406 0.00000000 ~~694~~669.~~55866414~~97799960 M-2 0.00000000 0.00000000 2.~~31312760~~17088168 0.00000000 ~~694~~669.~~55866433~~97799989 B 0.00000000 0.00000000 3.~~30014666~~03811502 0.00000000 ~~694~~669.~~55866407~~97799992 C 0.00000000 0.00000000 0.00000000 0.00000000 ~~310749526~~148933263.~~31580000~~15790000 P 0.00000000 0.00000000 ~~272729~~232262.~~10000000~~70000000 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 1416,~~793~~357,~~410~~271.0589 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 4844,~~706~~299.6457 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1416,~~842~~401,~~116~~571.6946 Withdrawals Reimbursement for Servicer Advances 4548,~~371~~706.8164 Payment of Service Fee 8986,~~112~~499.7707 Payment of Interest and Principal 1416,~~707~~266,~~632~~365.1175 Total Withdrawals (Pool Distribution Amount) 1416,~~842~~401,~~116~~571.6946 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 8986,~~112~~499.7707 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 8986,~~112~~499.7707

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,~~705~~447,~~906~~994.7742 0.00 0.00 1,~~705~~447,~~906~~994.7742 30 Days 12 01 0 0 1213 21,~~640~~873,~~587~~906.5929 0370,652.0098 0.00 0.00 2,~~640~~244,~~587~~559.5927 60 Days 87 10 0 0 97 1,~~832~~450,~~756~~303.9637 ~~200,701~~0.4700 0.00 0.00 21,~~033~~450,~~458~~303.4337 90 Days 32 01 01 0 34 ~~673~~398,~~057~~526.5851 0200,701.0047 0480,099.0009 0.00 ~~673~~1,~~057~~079,327.5807 120 Days 0 0 12 0 12 0.00 0.00 ~~132~~275,~~816~~301.6534 0.00 ~~132~~275,~~816~~301.6534 150 Days 0 0 1 0 1 0.00 0.00 61132,~~199~~816.7565 0.00 61132,~~199~~816.7565 180+ Days 1 0 6 4 11 179,642.28 0.00 ~~997~~954,~~207~~840.8176 ~~699~~481,~~656~~870.5799 1,~~876~~616,~~506~~354.6603 Totals 2422 910 810 4 4546 53,~~326~~902,~~044~~378.4145 12,~~906~~019,~~608~~348.2487 1,~~191~~843,~~224~~057.2184 ~~699~~481,~~656~~870.5799 98,~~123~~246,~~533~~656.4315 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.~~339703~~348432% 0.000000% 0.000000% 0.~~339703~~348432% 0.~~410339~~360568% 0.000000% 0.000000% 0.~~410339~~360568% 30 Days 0.~~509554~~522648% 0.~~000000~~043554% 0.000000% 0.000000% 0.~~509554~~566202% 0.~~635167~~466626% 0.~~000000~~092297% 0.000000% 0.000000% 0.~~635167~~558923% 60 Days 0.~~339703~~304878% 0.~~042463~~000000% 0.000000% 0.000000% 0.~~382166~~304878% 0.~~440851~~361143% 0.~~048277~~000000% 0.000000% 0.000000% 0.~~489128~~361143% 90 Days 0.~~127389~~087108% 0.~~000000~~043554% 0.~~000000~~043554% 0.000000% 0.~~127389~~174216% 0.~~161897~~099238% 0.~~000000~~049977% 0.~~000000~~119551% 0.000000% 0.~~161897~~268766% 120 Days 0.000000% 0.000000% 0.~~042463~~087108% 0.000000% 0.~~042463~~087108% 0.000000% 0.000000% 0.~~031948~~068553% 0.000000% 0.~~031948~~068553% 150 Days 0.000000% 0.000000% 0.~~042463~~043554% 0.000000% 0.~~042463~~043554% 0.000000% 0.000000% 0.~~014721~~033073% 0.000000% 0.~~014721~~033073% 180+ Days 0.~~042463~~043554% 0.000000% 0.~~254777~~261324% 0.~~169851~~174216% 0.~~467091~~479094% 0.~~043211~~044733% 0.000000% 0.~~239868~~237767% 0.~~168295~~119992% 0.~~451375~~402492% Totals 10.~~019108~~958188% 0.~~382166~~435540% 0.~~339703~~435540% 0.~~169851~~174216% 12.~~910828~~003484% 10.~~281126~~971740% 0.~~458615~~502843% 0.~~286537~~458944% 0.~~168295~~119992% 2.~~194574~~053519%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 4844,~~706~~299.6457

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 6.~~238671~~232464% Weighted Average Net Coupon 5.~~988671~~982464% Weighted Average Pass-Through Rate 5.~~988671~~982464% Weighted Average Maturity(Stepdown Calculation ) ~~321~~320 Beginning Scheduled Collateral Loan Count 2,~~409~~355 Number Of Loans Paid In Full 5459 Ending Scheduled Collateral Loan Count 2,~~355~~296 Beginning Scheduled Collateral Balance ~~427~~415,~~741~~195,~~292~~600.0088 Ending Scheduled Collateral Balance ~~415~~401,~~195~~061,~~600~~482.8856 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 ~~415~~401,~~731~~586,~~482~~593.3127 Monthly P &I Constant 2,~~815~~737,~~006~~641.1840 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 ~~415~~401,~~195~~061,~~600~~482.8856 Scheduled Principal ~~591~~581,~~225~~231.3365 Unscheduled Principal 1113,~~954~~552,~~465~~886.7967 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount ~~314~~349,~~776~~254.3191 Overcollateralized reduction Amount 0.00 Specified O/C Amount 7,365,227.00 Overcollateralized Amount 56,~~949~~298,~~042~~297.4131 Overcollateralized Deficiency Amount 1,~~416~~066,~~184~~929.6069 Base Overcollateralized Amount 0.00 Extra principal distribution Amount ~~314~~349,~~776~~254.3191 Excess Cash Amount ~~342~~372,~~049~~481.2218

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.~~009141~~010670%

Filing Compare · ASSET-BACKED CERTIFICATES SERIES 2003-AC5