8-K 1 cwa0301_8k0307.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): July 25, 2003 CWA (Depositor) (Issuer in respect of Asset Backed Certificates, Series 2003-01) (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 CWA Asset Backed Certificates Series 2003-01 On July 25, 2003, The Bank of New York, as Trustee for CWA, Asset Backed Certificates Series 2003-01, 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 CWA as Depositor, Countrywide Home Loans, 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 CWA, Asset Backed Certificates Series 2003-01 relating to the distribution date of July 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: July 25, 2003 CWA By: /s/ Courtney Bartholomew ------------------------------ Name: Courtney Bartholomew Vice President The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated July 25, 2003 Payment Date: 07/25/03 ------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2003-01 ------------------------------------------------------------

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 1A ~~421~~413,~~205~~714,~~974~~049.4424 1.~~440000~~155000% 74,~~491~~919,~~925~~795.2016 ~~488~~398,~~598~~199.9377 75,~~980~~317,~~524~~994.1393 0.00 0.00 2A1 ~~121~~117,~~038~~875,~~859~~806.7445 1.~~410000~~125000% 3,~~163~~136,~~053~~073.2935 ~~137~~110,~~479~~508.9757 3,~~300~~246,~~533~~581.2692 0.00 0.00 2A2 25,368,000.00 2.306000% 0.00 48,748.84 48,748.84 0.00 0.00 2A3 79,516,000.00 2.869000% 0.00 190,109.50 190,109.50 0.00 0.00 2A4 37,066,000.00 3.865000% 0.00 119,383.41 119,383.41 0.00 0.00 2A5 35,992,000.00 4.787000% 0.00 143,578.09 143,578.09 0.00 0.00 2A6 38,231,000.00 4.125000% 0.00 131,419.06 131,419.06 0.00 0.00 3A ~~175~~174,~~258~~119,~~411~~436.0700 1.~~660000~~375000% 13,~~138~~451,~~975~~883.0616 ~~234~~199,~~359~~511.4485 13,~~373~~651,~~334~~395.5001 0.00 0.00 4A 8180,~~666~~879,~~010~~140.0589 3.672000% ~~786~~1,~~869~~686,110.1614 ~~249~~247,~~897~~490.9917 1,~~036~~933,~~767~~600.1531 0.00 0.00 P 100.00 0.000000% 0.00 0641,967.0046 0641,967.0046 0.00 0.00 C 1,~~142~~131,~~937~~521,~~390~~434.7178 0.000000% 0.00 23,~~670~~947,~~813~~144.4154 23,~~670~~947,~~813~~144.4154 0.00 0.00 Residual AR 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M1 46,400,000.00 21.~~070000~~785000% 0.00 7769,~~372~~020.00 7769,~~372~~020.00 0.00 0.00 M2 37,700,000.00 32.~~020000~~735000% 0.00 9185,~~715~~924.7258 9185,~~715~~924.7258 0.00 0.00 B 31,900,000.00 4.~~820000~~535000% 0.00 ~~123~~120,~~860~~555.6142 ~~123~~120,~~860~~555.6142 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 1,~~131~~118,~~342~~761,~~355~~532.2958 - 1213,~~580~~193,~~822~~861.7181 46,~~707~~453,~~336~~561.9827 1719,~~288~~647,~~159~~423.6908 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A ~~413~~408,~~714~~794,~~049~~254.2408 0.00 2A1 ~~117~~114,~~875~~739,~~806~~733.4510 0.00 2A2 25,368,000.00 0.00 2A3 79,516,000.00 0.00 2A4 37,066,000.00 0.00 2A5 35,992,000.00 0.00 2A6 38,231,000.00 0.00 3A ~~174~~170,~~119~~667,~~436~~552.0084 0.00 4A 8079,~~879~~193,~~140~~030.8975 0.00 P 100.00 0.00 C 1,~~131~~118,~~521~~327,~~434~~572.7897 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- Subordinate M1 46,400,000.00 0.00 M2 37,700,000.00 0.00 B 31,900,000.00 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - 1,~~118~~105,~~761~~567,~~532~~670.5877 - --------------------------------------------------------------------------------

Payment Date: 07/25/03 ------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2003-01 ------------------------------------------------------------

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 1A ~~421~~413,~~205~~714,~~974~~049.4424 1.~~440000~~155000% 126671XJ0 1711.~~151058~~262752 10.~~118536~~911588 ~~947~~935.~~104183~~841431 2A1 ~~121~~117,~~038~~875,~~859~~806.7445 1.~~410000~~125000% 126671XK7 24.~~729321~~518387 10.~~074843~~863976 ~~921~~897.~~574319~~055932 2A2 25,368,000.00 2.306000% 126671XL5 0.000000 1.921667 1,000.000000 2A3 79,516,000.00 2.869000% 126671XM3 0.000000 2.390833 1,000.000000 2A4 37,066,000.00 3.865000% 126671XN1 0.000000 3.220833 1,000.000000 2A5 35,992,000.00 4.787000% 126671XP6 0.000000 3.989167 1,000.000000 2A6 38,231,000.00 4.125000% 126671XQ4 0.000000 3.437500 1,000.000000 3A ~~175~~174,~~258~~119,~~411~~436.0700 1.~~660000~~375000% 126671XR2 619.~~324126~~166481 1.~~301274~~107784 ~~966~~947.~~793093~~626612 4A 8180,~~666~~879,~~010~~140.0589 3.672000% 126671XS0 920.~~480351~~314580 32.~~010819~~981809 ~~974~~954.~~447481~~132901 P 100.00 0.000000% 126671YA8 0.000000 06,419,674.~~000000~~600000 1,000.000000 C 1,~~142~~131,~~937~~521,~~390~~434.7178 0.000000% 126671XZ4 0.000000 23.~~302425~~402710 ~~975~~964.~~449345~~075328 Residual AR 0.00 0.000000% 126671XY7 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 46,400,000.00 21.~~070000~~785000% 126671XT8 0.000000 1.~~667500~~487500 1,000.000000 M2 37,700,000.00 32.~~020000~~735000% 126671XU5 0.000000 2.~~432778~~279167 1,000.000000 B 31,900,000.00 4.~~820000~~535000% 126671XV3 0.000000 3.~~882778~~779167 1,000.000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - 1,~~131~~118,~~342~~761,~~355~~532.2958 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2003-01 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Prin balance 464,469,032.68 372,200,317.42 192,641,801.08 Loan count 2990 2436 783 Avg loan rate 7.601590% 7.572425% 7.516762% Prepay amount 4,560,701.77 2,786,463.60 3,297,808.67 Total ----- Prin balance 89,016,421.79 1,118,327,572.97 Loan count 431 6640 Avg loan rate 7.535806% 7.57 Prepay amount 1,601,135.20 12,246,109.24 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Master serv fees 192,613.14 153,424.28 77,560.62 Sub servicer fees 0.00 81,308.24 2,078.52 Trustee fees 3,520.42 2,815.02 1,470.70 Agg advances N/A N/A N/A Adv this period 75,306.98 23,666.04 53,730.12 Total ----- Master serv fees 34,077.13 457,675.17 Sub servicer fees 13,513.69 96,900.44 Trustee fees 680.27 8,486.41 Agg advances N/A N/A Adv this period 12,391.77 165,094.91 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Realized losses 0.00 0.00 0.00 Cumulative losses 0.00 0.00 0.00 Total ----- Realized losses 0.00 0.00 Cumulative losses 0.00 0.00 Coverage Amounts ---------------- Bankruptcy 0.00 0.00 0.00 Fraud 9,706,984.99 7,646,156.46 4,002,265.49 Special Hazard 0.00 0.00 0.00 Total ----- Bankruptcy 0.00 0.00 Fraud 1,844,428.18 23,199,835.12 Special Hazard 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 89.631392% 100.000000% 1,002,761,532.58 ----------------------------------------------------------------------------- Junior 10.368608% 0.000000% 116,000,000.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 81 12,629,657.37 60 to 89 days 6 981,056.28 90 or more 6 605,636.33 Foreclosure 46 7,354,796.25 Totals: 139 21,571,146.23 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- REO INFORMATION -------------------------------------------------------------------------------- REO Date Loan Number Ending Stated Balance Book Value -------- ----------- --------------------- ---------- N/A # 0 N/A N/A # 0 N/A Totals: 0 N/A Current Total Outstanding Balance: 198,571.13 Current Total Outstanding Number of Loans: 2 -------------------------------------------------------------------------------- OTHER INFORMATION -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 19,647,423.08 19,647,423.08 Principal remittance amount 13,193,861.81 13,193,861.81 Interest remittance amount 6,453,561.27 6,453,561.27

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