8-K 1 fh03ar2_8k0308.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): August 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 95-4449516 (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-AR2 On August 25, 2003, The Bank of New York, as Trustee for FH, First Horizon Mortgage Pass-Through Trust Mortgage Pass-Through Certificates, Series 2003-AR2, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of May 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-AR2 relating to the distribution date of August 25, 2003 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of May 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: August 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 August 25, 2003 Payment Date: 08/25/03 ------------------------------------------------------------ (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 25,~~546~~184,~~486~~087.8726 4.~~549569~~547142% ~~362~~3,~~399~~316,496.6121 9695,~~854~~429.5869 ~~459~~3,~~254~~411,925.1991 0.00 0.00 2A1 ~~225~~219,~~012~~488,~~633~~301.3381 4.~~797200~~796151% 528,~~524~~622,~~331~~703.5114 ~~899~~877,~~525~~249.4922 629,~~423~~499,~~857~~952.0136 0.00 0.00 Residual 2AR 0.00 4.~~797200~~796151% 0.00 0.00 0.00 0.00 0.00 3A1 3332,~~850~~536,~~062~~065.2388 5.~~156030~~153785% 12,~~313~~721,~~996~~842.3554 ~~145~~139,~~443~~736.2856 12,~~459~~861,~~439~~579.6310 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B1 4,~~440~~436,~~268~~454.0203 4.~~818083~~816764% 3,~~813~~393.9836 17,~~827~~807.9880 21,~~641~~201.9616 0.00 0.00 B2 1,~~331~~330,~~880~~736.5755 4.~~818083~~816764% 1,~~144~~017.0286 5,~~347~~341.5954 6,~~491~~359.6239 0.00 0.00 B3 1,~~036~~035,~~129~~239.1516 4.~~818083~~816764% ~~889~~791.9984 4,~~160~~155.1342 54,~~050~~947.1226 0.00 0.00 B4 443,~~627~~246.1408 4.~~818083~~816764% ~~381~~339.0503 1,~~781~~779.1918 2,~~162~~118.2521 0.00 0.00 B5 443,~~627~~246.1408 4.~~818083~~816764% ~~381~~339.0503 1,~~781~~779.1918 2,~~162~~118.2521 0.00 0.00 B6 ~~445~~444,~~084~~702.7242 4.~~818083~~816764% ~~382~~340.3014 1,~~787~~785.0502 2,~~169~~125.3517 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~292~~285,~~549~~342,~~799~~079.1628 - 734,~~207~~667,~~719~~263.8815 1,~~174~~145,~~508~~063.5061 835,~~382~~812,~~228~~326.3776 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A1 2521,~~184~~867,~~087~~591.2605 0.00 2A1 ~~219~~190,~~488~~865,~~301~~598.8167 0.00 Residual 2AR 0.00 0.00 3A1 3229,~~536~~814,~~065~~223.8835 0.00 -------------------------------------------------------------------------------- Subordinate B1 4,~~436~~433,~~454~~060.0367 0.00 B2 1,~~330~~329,~~736~~718.5569 0.00 B3 1,~~035~~034,~~239~~447.1633 0.00 B4 ~~443~~442,~~246~~907.0805 0.00 B5 ~~443~~442,~~246~~907.0805 0.00 B6 444,~~702~~362.4227 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~285~~250,~~342~~674,~~079~~816.2813 - --------------------------------------------------------------------------------

Payment Date: 08/25/03 ------------------------------------------------------------ (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 25,~~546~~184,~~486~~087.8726 4.~~549569~~547142% 32051DXJ6 14129.~~170627~~682342 3.~~787229~~731512 ~~984~~855.~~753549~~071207 2A1 ~~225~~219,~~012~~488,~~633~~301.3381 4.~~797200~~796151% 32051DXK3 24125.~~215292~~464434 3.~~942970~~845324 ~~962~~836.~~102544~~638110 Residual 2AR 0.00 4.~~797200~~796151% 32051DXL1 0.000000 0.~~000000~~031011 0.000000 3A1 3332,~~850~~536,~~062~~065.2388 5.~~156030~~153785% 32051DXM9 3879.~~193127~~114130 4.~~227511~~061637 ~~945~~866.~~705903~~591773 ------------------------------------------------------------------------------------------------------------------------ Subordinate B1 4,~~440~~436,~~268~~454.0203 4.~~818083~~816764% 32051DXN7 0.~~858232~~763583 4.~~011697~~007155 ~~998~~997.~~301988~~538404 B2 1,~~331~~330,~~880~~736.5755 4.~~818083~~816764% 32051DXP2 0.~~858232~~763583 4.~~011697~~007155 ~~998~~997.~~301988~~538404 B3 1,~~036~~035,~~129~~239.1516 4.~~818083~~816764% 32051DXQ0 0.~~858232~~763583 4.~~011697~~007155 ~~998~~997.~~301988~~538404 B4 443,~~627~~246.1408 4.~~818083~~816764% 32051DXR8 0.~~858232~~763583 4.~~011697~~007155 ~~998~~997.~~301988~~538404 B5 443,~~627~~246.1408 4.~~818083~~816764% 32051DXS6 0.~~858232~~763583 4.~~011697~~007155 ~~998~~997.~~301988~~538404 B6 ~~445~~444,~~084~~702.7242 4.~~818083~~816764% 32051DXT4 0.~~858223~~763583 4.~~011697~~007155 ~~998~~997.~~301997~~538413 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~292~~285,~~549~~342,~~799~~079.1628 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, Mortgage Pass-Through Certificates, The Bank of New York, as Trustee ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Prin balance 22,588,002.29 197,302,631.93 30,784,181.91 Loan count 44 363 58 Avg loan rate 4.802142% 5.079151% 5.425785% Prepay amount 3,288,341.24 28,472,575.23 2,688,029.23 Total ----- Prin balance 250,674,816.13 Loan count 465 Avg loan rate 5.09 Prepay amount 34,448,945.70 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Master serv fees 5,034.55 39,397.93 6,958.30 Sub servicer fees 0.00 0.00 0.00 Trustee fees 129.53 1,129.65 167.54 Agg advances N/A N/A N/A Adv this period 0.00 0.00 0.00 Total ----- Master serv fees 51,390.78 Sub servicer fees 0.00 Trustee fees 1,426.71 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 525,938.35 4,691,709.07 707,543.76 Special Hazard 0.00 0.00 0.00 Total ----- Bankruptcy 0.00 Fraud 5,925,191.18 Special Hazard 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 97.151636% 100.000000% 277,208,454.96 ----------------------------------------------------------------------------- Junior 2.848364% 0.000000% 8,127,403.06 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 3 1,099,864.28 60 to 89 days 0 0.00 90 or more 0 0.00 Foreclosure 0 0.00 Totals: 3 1,099,864.28 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 35,812,326.76 35,812,326.76 Principal remittance amount 34,667,263.15 34,667,263.15 Interest remittance amount 1,145,063.61 1,145,063.61

Filing Compare · FIRST HORIZON MORTGAGE PASS THROUGH TRUST 2003-AR2