8-K 1 cwa0303_8k0309.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): September 25, 2003 CWA (Depositor) (Issuer in respect of Asset Backed Certificates, Series 2003-03) (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 2003-03 On September 25, 2003, The Bank of New York, as Trustee for CWA, Asset Backed Certificates Series 2003-03, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of June 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 2003-03 relating to the distribution date of September 25, 2003 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of June 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: September 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 September 25, 2003 Payment Date: 09/25/03 ------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2003-03 ------------------------------------------------------------

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 64,~~659~~133,~~510~~357.2357 1.~~240000~~250000% ~~526~~918,~~152~~978.6697 69,~~041~~032.9943 ~~595~~988,~~194~~011.6541 0.00 0.00 1A2 10,933,000.00 1.810000% 0.00 16,490.61 16,490.61 0.00 0.00 1A3 39,918,000.00 2.258000% 0.00 75,112.37 75,112.37 0.00 0.00 1A4 16,671,000.00 3.265000% 0.00 45,359.01 45,359.01 0.00 0.00 1A5 18,080,000.00 4.230000% 0.00 63,732.00 63,732.00 0.00 0.00 1A6 19,000,000.00 3.545000% 0.00 56,129.17 56,129.17 0.00 0.00 2A1 ~~103~~100,~~069~~690,~~285~~348.5438 1.~~220000~~230000% 2,~~378~~871,~~937~~694.1643 ~~108~~106,~~280~~647.0186 2,~~487~~978,~~217~~342.1729 0.00 0.00 2A2 253,000,000.00 1.~~400000~~410000% 0.00 ~~305~~307,~~005~~184.5617 ~~305~~307,~~005~~184.5617 0.00 0.00 3A ~~214~~212,~~011~~307,~~627~~687.0878 1.~~370000~~380000% 13,~~703~~305,~~939~~299.3089 252,~~474~~292.2730 13,~~956~~557,~~413~~592.5719 0.00 0.00 P 100.00 0.000000% 0.00 29108,~~816~~281.3033 29108,~~816~~281.3033 0.00 0.00 C ~~826~~821,~~492~~883,~~422~~393.8169 0.000000% 0.00 2,~~857~~831,~~209~~683.5130 2,~~857~~831,~~209~~683.5130 0.00 0.00 Residual AR 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M1 33,200,000.00 1.~~800000~~810000% 0.00 51,~~460~~745.0089 51,~~460~~745.0089 0.00 0.00 M2 10,375,000.00 1.~~900000~~910000% 0.00 1617,~~974~~063.6599 1617,~~974~~063.6599 0.00 0.00 M3 12,450,000.00 2.~~300000~~310000% 0.00 24,~~657~~765.9212 24,~~657~~765.9212 0.00 0.00 M4 8,300,000.00 2.~~500000~~510000% 0.00 17,~~868~~939.0653 17,~~868~~939.0653 0.00 0.00 M5 8,300,000.00 2.~~850000~~860000% 0.00 20,~~369~~441.5806 20,~~369~~441.5806 0.00 0.00 M6 6,225,000.00 4.~~000000~~010000% 0.00 21,~~441~~495.6727 21,~~441~~495.6727 0.00 0.00 B 8,300,000.00 4.~~600000~~610000% 0.00 32,~~877~~948.2269 32,~~877~~948.2269 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~826~~821,~~492~~883,~~522~~493.8573 - 47,~~609~~095,~~029~~973.1229 4,~~064~~118,~~299~~344.8910 811,~~673~~214,~~329~~317.0139 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A1 6463,~~133~~214,~~357~~378.5759 0.00 1A2 10,933,000.00 0.00 1A3 39,918,000.00 0.00 1A4 16,671,000.00 0.00 1A5 18,080,000.00 0.00 1A6 19,000,000.00 0.00 2A1 ~~100~~97,~~690~~818,~~348~~653.3895 0.00 2A2 253,000,000.00 0.00 3A ~~212~~209,~~307~~002,~~687~~387.7889 0.00 P 100.00 0.00 C ~~821~~814,~~883~~787,~~393~~420.6940 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- Subordinate M1 33,200,000.00 0.00 M2 10,375,000.00 0.00 M3 12,450,000.00 0.00 M4 8,300,000.00 0.00 M5 8,300,000.00 0.00 M6 6,225,000.00 0.00 B 8,300,000.00 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~821~~814,~~883~~787,~~493~~520.7344 - --------------------------------------------------------------------------------

Payment Date: 09/25/03 ------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2003-03 ------------------------------------------------------------

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 64,~~659~~133,~~510~~357.2357 1.~~240000~~250000% 126671C53 814.~~039247~~041361 1.~~054914~~054768 ~~979~~965.~~913176~~871816 1A2 10,933,000.00 1.810000% 126671C61 0.000000 1.508333 1,000.000000 1A3 39,918,000.00 2.258000% 126671C79 0.000000 1.881667 1,000.000000 1A4 16,671,000.00 3.265000% 126671C87 0.000000 2.720833 1,000.000000 1A5 18,080,000.00 4.230000% 126671C95 0.000000 3.525000 1,000.000000 1A6 19,000,000.00 3.545000% 126671D29 0.000000 2.954167 1,000.000000 2A1 ~~103~~100,~~069~~690,~~285~~348.5438 1.~~220000~~230000% 126671D37 2227.~~656544~~349471 1.~~031238~~015694 ~~958~~931.~~955699~~606228 2A2 253,000,000.00 1.~~400000~~410000% 126671D45 0.000000 1.~~205556~~214167 1,000.000000 3A ~~214~~212,~~011~~307,~~627~~687.0878 1.~~370000~~380000% 126671D52 715.~~932678~~387802 1.~~175392~~174545 ~~988~~973.~~397057~~009255 P 100.00 0.000000% 126671E69 0.000000 ~~298~~1,~~163~~082,813.~~000000~~300000 1,000.000000 C ~~826~~821,~~492~~883,~~422~~393.8169 0.000000% 126671E51 0.000000 3.~~442421~~411666 ~~990~~981.~~220837~~671473 Residual AR 0.00 0.000000% 126671E77 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 33,200,000.00 1.~~800000~~810000% 126671D60 0.000000 1.~~550000~~558611 1,000.000000 M2 10,375,000.00 1.~~900000~~910000% 126671D78 0.000000 1.~~636111~~644722 1,000.000000 M3 12,450,000.00 2.~~300000~~310000% 126671D86 0.000000 1.~~980556~~989167 1,000.000000 M4 8,300,000.00 2.~~500000~~510000% 126671D94 0.000000 2.~~152778~~161389 1,000.000000 M5 8,300,000.00 2.~~850000~~860000% 126671E28 0.000000 2.~~454167~~462778 1,000.000000 M6 6,225,000.00 4.~~000000~~010000% 126671E36 0.000000 3.~~444444~~453056 1,000.000000 B 8,300,000.00 4.~~600000~~610000% 126671E44 0.000000 3.~~961111~~969722 1,000.000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~826~~821,~~492~~883,~~522~~493.8573 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2003-03 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Prin balance 187,766,824.31 392,819,053.92 234,201,542.17 Loan count 1200 2506 1177 Avg loan rate 7.336543% 7.347577% 7.634592% Prepay amount 734,592.00 2,530,200.03 3,119,775.65 Total ----- Prin balance 814,787,420.40 Loan count 4883 Avg loan rate 7.43 Prepay amount 6,384,567.68 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Master serv fees 78,158.86 163,223.46 96,386.46 Sub servicer fees 18,888.24 12,343.06 3,799.68 Trustee fees 1,415.14 2,967.68 1,781.30 Agg advances N/A N/A N/A Adv this period 6,399.14 23,281.98 22,458.82 Total ----- Master serv fees 337,768.77 Sub servicer fees 35,030.99 Trustee fees 6,164.13 Agg advances N/A Adv this period 52,139.94 -------------------------------------------------------------------------------- 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 3,800,007.91 8,000,000.65 4,799,980.09 Special Hazard 0.00 0.00 0.00 Total ----- Bankruptcy 0.00 Fraud 16,599,988.66 Special Hazard 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 89.396307% 100.000000% 734,733,493.73 ----------------------------------------------------------------------------- Junior 10.603693% 0.000000% 87,150,000.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 37 5,750,415.63 60 to 89 days 8 919,301.52 90 or more 0 0.00 Foreclosure 3 280,424.16 Totals: 48 6,950,141.31 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 11,214,317.39 11,214,317.39 Principal remittance amount 7,095,973.29 7,095,973.29 Interest remittance amount 4,118,344.10 4,118,344.10

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