8-K 1 cwa03bc1_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-BC1) (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-BC1 On October 25, 2003, The Bank of New York, as Trustee for CWA, Asset Backed Certificates Series 2003-BC1, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of January 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-BC1 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 January 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-BC1 ------------------------------------------------------------

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 A1 ~~665~~641,~~477~~321,~~890~~221.2637 1.~~510000~~520000% 2433,~~156~~490,~~668~~188.8954 ~~865~~866,~~306~~496.1123 2534,~~021~~356,~~975~~684.0077 0.00 0.00 AIO 85,000,000.00 1.000000% 0.00 70,833.33 70,833.33 0.00 0.00 P 100.00 0.000000% 0.00 ~~500~~780,~~073~~435.5460 ~~500~~780,~~073~~435.5460 0.00 0.00 C ~~746~~722,~~227~~071,~~991~~322.2637 0.000000% 0.00 2,~~601~~466,~~521~~312.6699 2,~~601~~466,~~521~~312.6699 0.00 0.00 Residual AR 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M1 29,750,000.00 2.~~030000~~040000% 0.00 5253,~~004~~946.6567 5253,~~004~~946.6567 0.00 0.00 M2 25,500,000.00 3.~~110000~~120000% 0.00 6870,~~290~~720.4200 6870,~~290~~720.4200 0.00 0.00 B1 21,250,000.00 4.~~610000~~620000% 0.00 8487,~~356~~266.6067 8487,~~356~~266.6067 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~741~~717,~~977~~821,~~990~~321.2637 - 2433,~~156~~490,~~668~~188.8954 4,~~242~~396,~~386~~011.3149 2837,~~399~~886,~~055~~200.2003 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior A1 ~~641~~607,~~321~~831,~~221~~032.3783 0.00 AIO 85,000,000.00 0.00 P 100.00 0.00 C ~~722~~688,~~071~~581,~~322~~133.3783 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- Subordinate M1 29,750,000.00 0.00 M2 25,500,000.00 0.00 B1 21,250,000.00 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~717~~684,~~821~~331,~~321~~132.3783 - --------------------------------------------------------------------------------

Payment Date: 10/25/03 ------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2003-BC1 ------------------------------------------------------------

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 A1 ~~665~~641,~~477~~321,~~890~~221.2637 1.~~510000~~520000% 126671UU8 3143.~~230341~~296947 1.~~118689~~120228 ~~829~~785.~~115994~~819047 AIO 85,000,000.00 1.000000% 126671UV6 0.000000 0.833333 1,000.000000 P 100.00 0.000000% 126671XG6 0.000000 57,~~000~~804,~~735~~356.~~400000~~000000 1,000.000000 C ~~746~~722,~~227~~071,~~991~~322.2637 0.000000% 126671XF8 0.000000 32.~~060613~~901544 ~~849~~810.~~495473~~095261 Residual AR 0.00 0.000000% 126671XE1 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 29,750,000.00 2.~~030000~~040000% 126671UW4 0.000000 1.~~748056~~813333 1,000.000000 M2 25,500,000.00 3.~~110000~~120000% 126671UX2 0.000000 2.~~678056~~773333 1,000.000000 B1 21,250,000.00 4.~~610000~~620000% 126671UY0 0.000000 34.~~969722~~106667 1,000.000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~741~~717,~~977~~821,~~990~~321.2637 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2003-BC1 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 688,581,133.83 688,581,133.83 Loan count 4924 4924 Avg loan rate 7.716497% 7.72 Prepay amount 32,836,820.94 32,836,820.94 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 275,689.19 275,689.19 Sub servicer fees 40.36 40.36 Trustee fees 5,415.53 5,415.53 Agg advances N/A N/A Adv this period 309,426.25 309,426.25 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Total ----- Realized losses 0.00 0.00 Cumulative losses 3,089.99 3,089.99 Coverage Amounts Total ---------------- ----- Bankruptcy 0.00 0.00 Fraud 17,000,004.00 17,000,004.00 Special Hazard 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 89.342752% 100.000000% 641,321,321.37 ----------------------------------------------------------------------------- Junior 10.657248% 0.000000% 76,500,000.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 160 20,751,823.04 60 to 89 days 27 3,394,729.87 90 or more 11 1,393,351.96 Foreclosure 85 11,351,821.28 Totals: 283 36,891,726.15 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 Totals: 0 N/A Current Total Outstanding Balance: 825,140.26 Current Total Outstanding Number of Loans: 7 -------------------------------------------------------------------------------- OTHER INFORMATION -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 37,886,200.03 37,886,200.03 Principal remittance amount 33,490,188.54 33,490,188.54 Interest remittance amount 4,396,011.49 4,396,011.49

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