8-K 1 fh03ar1_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 FH (Depositor) (Issuer in respect of First Horizon Mortgage Pass-Through Trust, Mortgage (Exact name of registrant as specified in charter) Delaware 33-63714 56-2331643 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) 4000 Horizon Way, Irving, TX, , N/A 75063 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (214) 441-4000 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Item 5. Other Events FH First Horizon Mortgage Pass-Through Trust Mortgage Pass-Through Certificates, Series 2003-AR1 On June 25, 2003, The Bank of New York, as Trustee for FH, First Horizon Mortgage Pass-Through Trust Mortgage Pass-Through Certificates, Series 2003-AR1, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of February 1, 2003, among FH as Depositor, , 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 FH, First Horizon Mortgage Pass-Through Trust Mortgage Pass-Through Certificates, Series 2003-AR1 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 February 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 FH By: /s/ Diane Pickett ------------------------------ Name: Diane Pickett 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 ------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, Mortgage Pass-Through Certificates, The Bank of New York, as Trustee ------------------------------------------------------------

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 1A1 2825,~~347~~986,~~576~~224.9996 4.~~876967~~874706% 23,~~361~~474,~~352~~846.0329 ~~115~~105,~~208~~562.4968 23,~~476~~580,~~560~~408.5296 0.00 0.00 2A1 ~~175~~163,~~004~~839,~~513~~315.2826 5.~~125923~~122251% 1113,~~165~~546,~~198~~904.0111 ~~747~~699,~~549~~355.7302 1114,~~912~~246,~~747~~259.7413 0.00 0.00 Residual 2AR 0.00 5.~~125923~~122251% 0.00 0.00 0.00 0.00 0.00 3A1 4139,~~899~~305,~~443~~529.5256 5.~~377930~~370540% 2468,~~593,913~~534.9574 ~~187~~175,~~776~~909.8893 2644,~~781,690~~444.8467 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B1 3,~~911~~907,~~069~~682.0160 5.~~140279~~136144% 3,~~386~~376.4121 16,~~753~~725.3235 20,~~139~~101.7356 0.00 0.00 B2 1,~~348~~347,~~610~~442.0737 5.~~140279~~136144% 1,~~167~~164.7018 5,~~776~~767.8622 6,~~944~~931.5640 0.00 0.00 B3 1,~~079~~078,~~087~~153.7037 5.~~140279~~136144% ~~934~~931.3352 4,~~622~~614.3463 5,~~556~~546.6814 0.00 0.00 B4 ~~404~~403,~~283~~933.5550 5.~~140279~~136144% ~~350~~349.0500 1,~~731~~728.7888 2,~~081~~077.8388 0.00 0.00 B5 ~~540~~539,~~042~~575.9637 5.~~140279~~136144% ~~467~~466.6019 2,~~313~~309.3145 2,~~780~~775.9164 0.00 0.00 B6 ~~405~~404,~~068~~717.5380 5.~~140279~~136144% ~~350~~349.7367 1,~~735~~732.1424 2,~~085~~081.8791 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~252~~236,~~939~~812,~~695~~574.6179 - 1617,~~127~~496,~~120~~921.8291 1,~~083~~013,~~467~~705.8539 1718,~~210~~510,~~588~~627.6730 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A1 2522,~~986~~511,~~224~~378.9667 0.00 2A1 ~~163~~150,~~839~~292,~~315~~411.2616 0.00 Residual 2AR 0.00 0.00 3A1 3938,~~305~~836,~~529~~994.5682 0.00 -------------------------------------------------------------------------------- Subordinate B1 3,~~907~~904,~~682~~306.6039 0.00 B2 1,~~347~~346,~~442~~278.3719 0.00 B3 1,~~078~~077,~~153~~221.3785 0.00 B4 403,~~933~~584.50 0.00 B5 539,~~575~~109.3718 0.00 B6 404,~~717~~368.8013 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~236~~219,~~812~~315,~~574~~652.7988 - --------------------------------------------------------------------------------

Payment Date: 06/25/03 ------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, Mortgage Pass-Through Certificates, The Bank of New York, as Trustee ------------------------------------------------------------

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 1A1 2825,~~347~~986,~~576~~224.9996 4.~~876967~~874706% 32051DTL6 80119.~~979151~~164825 3.~~950908~~620119 ~~891~~771.~~159978~~995153 2A1 ~~175~~163,~~004~~839,~~513~~315.2826 5.~~125923~~122251% 32051DTM4 5871.~~874823~~433715 3.~~941879~~687745 ~~863~~792.~~935475~~501759 Residual 2AR 0.00 5.~~125923~~122251% 32051DTN2 0.000000 0.~~035224~~000000 0.000000 3A1 4139,~~899~~305,~~443~~529.5256 5.~~377930~~370540% 32051DTP7 5910.~~312509~~713529 4.~~293711~~022361 ~~898~~888.~~761337~~047809 ------------------------------------------------------------------------------------------------------------------------ Subordinate B1 3,~~911~~907,~~069~~682.0160 5.~~140279~~136144% 32051DTQ5 0.~~864322~~861719 4.~~275988~~268849 ~~997~~996.~~366667~~504948 B2 1,~~348~~347,~~610~~442.0737 5.~~140279~~136144% 32051DTR3 0.~~864322~~861719 4.~~275988~~268849 ~~997~~996.~~366667~~504948 B3 1,~~079~~078,~~087~~153.7037 5.~~140279~~136144% 32051DTS1 0.~~864322~~861719 4.~~275988~~268849 ~~997~~996.~~366667~~504948 B4 ~~404~~403,~~283~~933.5550 5.~~140279~~136144% 32051DTT9 0.~~864322~~861719 4.~~275988~~268849 ~~997~~996.~~366667~~504948 B5 ~~540~~539,~~042~~575.9637 5.~~140279~~136144% 32051DTU6 0.~~864322~~861719 4.~~275988~~268849 ~~997~~996.~~366667~~504948 B6 ~~405~~404,~~068~~717.5380 5.~~140279~~136144% 32051DTV4 0.~~864322~~861709 4.~~275988~~268849 ~~997~~996.~~366667~~504958 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~252~~236,~~939~~812,~~695~~574.6179 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, Mortgage Pass-Through Certificates, The Bank of New York, as Trustee ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Prin balance 23,362,533.62 155,838,176.31 40,114,942.95 Loan count 48 313 82 Avg loan rate 5.189706% 5.461251% 5.728540% Prepay amount 3,447,823.34 13,417,667.10 426,358.18 Total ----- Prin balance 219,315,652.88 Loan count 443 Avg loan rate 5.48 Prepay amount 17,291,848.62 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Master serv fees 5,465.74 41,748.00 11,904.89 Sub servicer fees 0.00 0.00 0.00 Trustee fees 134.19 846.95 202.92 Agg advances N/A N/A N/A Adv this period 0.00 0.00 0.00 Total ----- Master serv fees 59,118.63 Sub servicer fees 0.00 Trustee fees 1,184.06 Agg advances N/A Adv this period 0.00 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Realized losses 0.00 0.00 0.00 Cumulative losses 0.00 0.00 0.00 Total ----- Realized losses 0.00 Cumulative losses 0.00 Coverage Amounts ---------------- Bankruptcy 0.00 0.00 0.00 Fraud 0.00 0.00 0.00 Special Hazard 0.00 0.00 0.00 Total ----- Bankruptcy 0.00 Fraud 0.00 Special Hazard 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 96.759005% 100.000000% 229,131,069.79 ----------------------------------------------------------------------------- Junior 3.240995% 0.000000% 7,674,868.23 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 3 1,565,396.74 60 to 89 days 0 0.00 90 or more 0 0.00 Foreclosure 0 0.00 Totals: 3 1,565,396.74 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 18,510,627.30 18,510,627.30 Principal remittance amount 17,496,921.91 17,496,921.91 Interest remittance amount 1,013,705.39 1,013,705.39

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