8-K 1 cwa0301_8k0310.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): October 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 October 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 October 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: October 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 October 25, 2003 Payment Date: 10/25/03 ------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2003-01 ------------------------------------------------------------

Payment Date: 10/25/03 ------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2003-01 ------------------------------------------------------------

------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2003-01 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Prin balance 425,509,668.89 348,660,900.29 177,464,374.45 Loan count 2771 2302 732 Avg loan rate 7.587373% 7.566829% 7.512562% Prepay amount 14,320,540.23 7,286,199.37 4,873,700.19 Total ----- Prin balance 82,285,354.51 1,033,920,298.14 Loan count 402 6207 Avg loan rate 7.530786% 7.56 Prepay amount 2,336,591.31 28,817,031.10 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Master serv fees 172,504.91 140,247.55 72,247.33 Sub servicer fees 0.00 77,942.61 2,074.14 Trustee fees 3,309.28 2,672.15 1,373.61 Agg advances N/A N/A N/A Adv this period 124,031.41 47,090.11 81,720.56 Total ----- Master serv fees 31,495.51 416,495.29 Sub servicer fees 12,598.99 92,615.74 Trustee fees 635.28 7,990.32 Agg advances N/A N/A Adv this period 19,037.85 271,879.93 -------------------------------------------------------------------------------- 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 88.979839% 100.000000% 936,616,240.92 ----------------------------------------------------------------------------- Junior 11.020161% 0.000000% 116,000,000.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 113 16,475,881.47 60 to 89 days 15 2,825,507.99 90 or more 11 1,435,130.43 Foreclosure 85 11,808,713.70 Totals: 224 32,545,233.59 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 Totals: 0 N/A Current Total Outstanding Balance: 987,093.91 Current Total Outstanding Number of Loans: 5 -------------------------------------------------------------------------------- OTHER INFORMATION -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 37,604,108.04 37,604,108.04 Principal remittance amount 31,455,844.98 31,455,844.98 Interest remittance amount 6,148,263.06 6,148,263.06

CWABS INC ASSET BACKED CERTS SERIES 2003-1 8-K