8-K 1 cw0316_8k0306.txt 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): June 25, 2003 CW (Depositor) (Issuer in respect of Mortgage Pass-Through Certificates, Series 2003-16) (Exact name of registrant as specified in charter) Delaware 33-63714 95-4449516 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) , , N/A 91110-7137 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (818)-304-4428 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Item 5. Other Events CW Mortgage Pass-Through Certificates Series 2003-16 On June 25, 2003, The Bank of New York, as Trustee for CW, Mortgage Pass-Through Certificates Series 2003-16, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of April 1, 2003, among CW as Depositor, Countrywide Home Loans Servicing LP, Seller and Master Servicer and The Bank of New York, as Trustee. Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit No. Description 99 Report to Holders of CW, Mortgage Pass-Through Certificates Series 2003-16 relating to the distribution date of June 25, 2003 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of April 1, 2003. SIGNATURES 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 thereunto duly authorized. Dated: June 25, 2003 CW By: /s/ Courtney Bartholomew ------------------------------ Name: Courtney Bartholomew Vice President The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated June 25, 2003 Payment Date: 06/25/03 ------------------------------------------------------------ Countrywide Home Loans Servicing LP Mortgage Pass-Through Certificates, Series 2003-16 ------------------------------------------------------------

Class Information Current Payment Information ---------------------------------------------------------------------------------------------------------------------------------- Beginning Pass Thru Principal Interest Total Principal Interest Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls ---------------------------------------------------------------------------------------------------------------------------------- Senior A1 ~~164~~161,~~119~~225,~~000~~955.0086 6.500000% 24,~~893~~692,~~044~~996.1485 ~~888~~873,~~977~~307.9226 35,~~782~~566,~~022~~304.0611 0.00 0.00 A2 ~~155~~153,~~913~~164,~~000~~608.0095 5.000000% 24,~~748~~458,~~391~~345.0558 ~~649~~638,~~637~~185.5087 35,~~398~~096,~~028~~531.5545 0.00 0.00 A3 8,~~206~~061,~~000~~346.0091 5.000000% ~~144~~234,~~653~~651.0927 3433,~~191~~588.6795 ~~178~~268,~~844~~240.7622 0.00 0.00 A4 5,~~000~~023,~~000~~958.0033 5.750000% 0.00 0.00 0.00 0.00 0.00 A5 36,000,000.00 5.500000% 0.00 165,000.00 165,000.00 0.00 0.00 A6 4,000,000.00 5.500000% 0.00 18,333.33 18,333.33 0.00 0.00 A7 1,739,130.0043 5.750000% 0.00 8,333.33 8,333.33 0.00 0.00 PO ~~761~~721,~~780~~786.9629 0.000000% 3915,~~994~~766.6740 0.00 3915,~~994~~766.6740 0.00 0.00 Residual AR ~~100~~0.00 5.750000% ~~100~~0.00 0.4915 ~~100~~0.4915 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M 1312,~~000~~980,~~000~~016.0034 5.750000% 1939,~~983~~927.6678 62,~~291~~195.6791 82102,~~275~~123.3269 0.00 0.00 B1 54,~~000~~992,~~000~~313.0098 5.750000% 715,~~686~~356.0284 23,~~958~~921.3350 3139,~~644~~278.3534 0.00 0.00 B2 3,~~200~~195,~~000~~080.0095 5.750000% 49,~~919~~828.0538 15,~~333~~309.3376 2025,~~252~~138.3914 0.00 0.00 B3 1,~~600~~597,~~000~~540.0047 5.750000% 24,~~459~~914.5319 7,~~666~~654.6788 1012,~~126~~569.1907 0.00 0.00 B4 1,~~600~~597,~~000~~540.0047 5.750000% 24,~~459~~914.5319 7,~~666~~654.6788 1012,~~126~~569.1907 0.00 0.00 B5 1,~~600~~597,~~119~~659.0432 5.750000% 24,~~459~~914.7155 7,~~667~~655.2445 1012,~~126~~570.9500 0.0100 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~400~~394,~~000~~157,~~000~~807.0088 - 59,~~866~~481,~~150~~616.4402 1,~~889~~861,~~058~~141.1428 711,~~755~~342,~~208~~757.5931 ~~0.01~~- - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior A1 ~~161~~156,~~225~~532,~~955~~959.8601 0.00 A2 ~~153~~148,~~164~~706,~~608~~263.9537 0.00 A3 87,~~061~~826,~~346~~695.9164 0.00 A4 5,~~023~~048,~~958~~031.3347 0.00 A5 36,000,000.00 0.00 A6 4,000,000.00 0.00 A7 1,739,130.43 0.00 PO ~~721~~706,~~786~~019.2989 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- Subordinate M 12,~~980~~940,~~016~~088.3457 0.00 B1 4,~~992~~976,~~313~~957.9814 0.00 B2 3,~~195~~185,~~080~~252.9557 0.00 B3 1,~~597~~592,~~540~~626.4729 0.00 B4 1,~~597~~592,~~540~~626.4729 0.00 B5 1,~~597~~592,~~659~~744.3277 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~394~~384,~~157~~700,~~807~~264.8899 - --------------------------------------------------------------------------------

Payment Date: 06/25/03 ------------------------------------------------------------ Countrywide Home Loans Servicing LP Mortgage Pass-Through Certificates, Series 2003-16 ------------------------------------------------------------

Class Information Current Payment Information Factors per $1,000 ------------------------------------------------------------------------------------------------------------------------ Beginning Pass Thru CUSIP Principal Interest Ending Cert./ Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal. ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Senior A1 ~~164~~161,~~119~~225,~~000~~955.0086 6.500000% 12669ECH7 1728.~~627722~~595086 5.~~416667~~321183 ~~982~~953.~~372278~~777192 A2 ~~155~~153,~~913~~164,~~000~~608.0095 5.000000% 12669ECJ3 1728.~~627722~~595086 4.~~166667~~093218 ~~982~~953.~~372278~~777192 A3 8,~~206~~061,~~000~~346.0091 5.000000% 12669ECK0 1728.~~627722~~595086 4.~~166667~~093218 ~~982~~953.~~372278~~777192 A4 5,~~000~~023,~~000~~958.0033 5.750000% 12669ECL8 0.000000 0.000000 1,~~004~~009.~~791667~~606293 A5 36,000,000.00 5.500000% 12669ECM6 0.000000 4.583333 1,000.000000 A6 4,000,000.00 5.500000% 12669ECN4 0.000000 4.583333 1,000.000000 A7 1,739,130.0043 5.750000% 12669ECP9 0.000000 4.~~791667~~791668 1,000.000250 PO ~~761~~721,~~780~~786.9629 0.000000% 12669ECQ7 5220.~~501535~~696768 0.000000 ~~947~~926.~~498465~~801697 Residual AR ~~100~~0.00 5.750000% 12669ECR5 ~~1,000~~0.000000 41.~~922633~~474715 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate M 1312,~~000~~980,~~000~~016.0034 5.750000% 12669ECS3 13.~~537204~~071367 4.~~791667~~784301 ~~998~~995.~~462796~~391428 B1 54,~~000~~992,~~000~~313.0098 5.750000% 12669ECT1 13.~~537204~~071367 4.~~791667~~784301 ~~998~~995.~~462796~~391428 B2 3,~~200~~195,~~000~~080.0095 5.750000% 12669ECU8 13.~~537204~~071367 4.~~791667~~784301 ~~998~~995.~~462796~~391428 B3 1,~~600~~597,~~000~~540.0047 5.750000% 12669EDX1 13.~~537204~~071367 4.~~791667~~784301 ~~998~~995.~~462796~~391428 B4 1,~~600~~597,~~000~~540.0047 5.750000% 12669EDY9 13.~~537204~~071367 4.~~791667~~784301 ~~998~~995.~~462796~~391428 B5 1,~~600~~597,~~119~~659.0432 5.750000% 12669EDZ6 13.~~537204~~071367 4.~~791667~~784301 ~~998~~995.~~462790~~391422 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~400~~394,~~000~~157,~~000~~807.0088 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Countrywide Home Loans Servicing LP Mortgage Pass-Through Certificates, Series 2003-16 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 384,700,264.99 384,700,264.99 Loan count 851 851 Avg loan rate 6.762456% 6.76 Prepay amount 8,246,470.41 8,246,470.41 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 77,507.86 77,507.86 Sub servicer fees 250,942.52 250,942.52 Trustee fees 2,956.18 2,956.18 Agg advances N/A N/A Adv this period 15,144.56 15,144.56 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Total ----- Realized losses 0.00 0.00 Cumulative losses 0.00 0.00 Coverage Amounts Total ---------------- ----- Bankruptcy 108,000.00 108,000.00 Fraud 8,000,000.00 8,000,000.00 Special Hazard 3,993,259.76 3,993,259.76 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 93.432696% 100.000000% 368,197,656.34 ----------------------------------------------------------------------------- Junior 6.567304% 0.000000% 25,880,295.62 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 5 2,138,301.00 60 to 89 days 0 0.00 90 or more 0 0.00 Foreclosure 0 0.00 Totals: 5 2,138,301.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- REO INFORMATION -------------------------------------------------------------------------------- REO Date Loan Number Ending Stated Balance Book Value -------- ----------- --------------------- ---------- N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A Totals: 0 N/A Current Total Outstanding Balance: 0.00 Current Total Outstanding Number of Loans: 0 -------------------------------------------------------------------------------- OTHER INFORMATION -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 11,342,757.31 11,342,757.31 Principal remittance amount 9,481,616.02 9,481,616.02 Interest remittance amount 1,861,141.28 1,861,141.28

Filing Compare · CWMBS INC MORTGAGE PASS THROUGH CERTS SERIES 2003 16