8-K 1 cwa0302_8k0311.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): November 25, 2003 CWA (Depositor) (Issuer in respect of Asset Backed Certificates, Series 2003-02) (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 2003-02 On November 25, 2003, The Bank of New York, as Trustee for CWA, Asset Backed Certificates Series 2003-02, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of April 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 2003-02 relating to the distribution date of November 25, 2003 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of April 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: November 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 November 25, 2003 Payment Date: 11/25/03 ------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2003-02 ------------------------------------------------------------

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 ~~674~~660,~~050~~422,~~122~~154.5124 1.230000% 1316,~~627~~830,~~968~~355.2767 ~~713~~676,~~931~~932.4271 1417,~~341~~507,~~899~~288.6938 0.00 0.00 2A1 ~~220~~210,~~391~~245,~~733~~148.4941 1.190000% 1014,~~146~~864,~~585~~595.0856 ~~225~~208,~~840~~493.3111 1015,~~372~~073,~~425~~088.3967 0.00 0.00 2A2 46,533,000.00 2.306000% 0.00 89,420.92 89,420.92 0.00 0.00 2A3 151,668,000.00 2.859000% 0.00 361,349.01 361,349.01 0.00 0.00 2A4 69,083,000.00 3.951000% 0.00 227,455.78 227,455.78 0.00 0.00 2A5 71,721,000.00 4.907000% 0.00 293,279.12 293,279.12 0.00 0.00 2A6 72,500,000.00 4.261000% 0.00 257,435.42 257,435.42 0.00 0.00 3A ~~390~~381,~~508~~306,~~878~~626.2037 1.370000% 911,~~202~~420,~~251~~281.8372 ~~460~~435,~~692~~325.0007 911,~~662~~855,~~943~~606.8379 0.00 0.00 4A ~~111~~110,~~452~~072,~~845~~533.1074 3.871000% 12,~~380~~103,~~311~~132.3617 ~~359~~355,~~528~~075.3065 12,~~739~~458,~~839~~207.6682 0.00 0.00 P 100.00 0.000000% 0.00 ~~644~~428,~~222~~755.4464 ~~644~~428,~~222~~755.4464 0.00 0.00 C 21,~~017~~983,~~408~~051,~~579~~462.3076 0.000000% 0.00 6,~~414~~337,~~952~~806.7093 6,~~414~~337,~~952~~806.7093 0.00 0.00 Residual AR 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M1 94,275,000.00 1.820000% 0.00 ~~147~~142,~~749~~983.8775 ~~147~~142,~~749~~983.8775 0.00 0.00 M2 78,563,000.00 2.770000% 0.00 ~~187~~181,~~394~~349.5859 ~~187~~181,~~394~~349.5859 0.00 0.00 M3 18,855,000.00 4.320000% 0.00 7067,~~140~~878.6000 7067,~~140~~878.6000 0.00 0.00 B 7,332,000.00 4.620000% 0.00 2928,~~169~~228.1420 2928,~~169~~228.1420 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 21,~~006~~972,~~933~~576,~~679~~562.3076 - 3445,~~357~~218,~~116~~365.5412 10,~~482~~091,~~561~~768.6188 4455,~~839~~310,~~678~~134.1500 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A ~~660~~643,~~422~~591,~~154~~798.2457 0.00 2A1 ~~210~~195,~~245~~380,~~148~~552.4185 0.00 2A2 46,533,000.00 0.00 2A3 151,668,000.00 0.00 2A4 69,083,000.00 0.00 2A5 71,721,000.00 0.00 2A6 72,500,000.00 0.00 3A ~~381~~369,~~306~~886,~~626~~344.3765 0.00 4A ~~110~~107,~~072~~969,~~533~~401.7457 0.00 P 100.00 0.00 C 1,~~983~~937,~~051~~833,~~462~~097.7664 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- Subordinate M1 94,275,000.00 0.00 M2 78,563,000.00 0.00 M3 18,855,000.00 0.00 B 7,332,000.00 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - 1,~~972~~927,~~576~~358,~~562~~197.7664 - --------------------------------------------------------------------------------

Payment Date: 11/25/03 ------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2003-02 ------------------------------------------------------------

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 ~~674~~660,~~050~~422,~~122~~154.5124 1.230000% 126671YQ3 1923.~~182839~~690545 10.~~004936~~952856 ~~929~~905.~~615588~~925043 2A1 ~~220~~210,~~391~~245,~~733~~148.4941 1.190000% 126671YR1 4160.~~478968~~766068 0.~~923229~~852314 ~~859~~798.~~476529~~710461 2A2 46,533,000.00 2.306000% 126671YS9 0.000000 1.921667 1,000.000000 2A3 151,668,000.00 2.859000% 126671YT7 0.000000 2.382500 1,000.000000 2A4 69,083,000.00 3.951000% 126671YU4 0.000000 3.292500 1,000.000000 2A5 71,721,000.00 4.907000% 126671YV2 0.000000 4.089167 1,000.000000 2A6 72,500,000.00 4.261000% 126671YW0 0.000000 3.550833 1,000.000000 3A ~~390~~381,~~508~~306,~~878~~626.2037 1.370000% 126671YX8 2227.~~286554~~658309 1.~~115731~~054296 ~~923~~895.~~470781~~812472 4A ~~111~~110,~~452~~072,~~845~~533.1074 3.871000% 126671YY6 1118.~~846234~~049693 3.~~085577~~047363 ~~944~~926.~~674549~~624856 P 100.00 0.000000% 126671A30 0.000000 64,~~442~~287,~~224~~556.400000 1,000.000000 C 21,~~017~~983,~~408~~051,~~579~~462.3076 0.000000% 126671A22 0.000000 3.~~062030~~025206 ~~946~~924.~~563854~~979911 Residual AR 0.00 0.000000% 126671A48 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 94,275,000.00 1.820000% 126671YZ3 0.000000 1.~~567222~~516667 1,000.000000 M2 78,563,000.00 2.770000% 126671ZA7 0.000000 2.~~385278~~308333 1,000.000000 M3 18,855,000.00 4.320000% 126671ZC3 0.000000 3.~~720000~~600000 1,000.000000 B 7,332,000.00 4.620000% 126671ZB5 0.000000 3.~~978333~~850000 1,000.000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - 21,~~006~~972,~~933~~576,~~679~~562.3076 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Countrywide Home Loans Asset Backed Certificates, Series 2003-02 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Prin balance 722,627,242.97 678,611,237.20 415,813,318.97 Loan count 4529 4496 1830 Avg loan rate 7.544581% 7.485057% 7.569022% Prepay amount 16,256,937.02 14,196,859.08 11,076,880.09 Total ----- Prin balance 120,781,298.50 1,937,833,097.64 Loan count 521 11376 Avg loan rate 7.359234% 7.52 Prepay amount 1,988,109.99 43,518,786.18 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Master serv fees 295,076.93 278,430.71 170,216.59 Sub servicer fees 0.00 97,969.57 12,062.62 Trustee fees 5,545.93 5,201.07 3,204.25 Agg advances N/A N/A N/A Adv this period 0.00 96,091.62 118,257.64 Total ----- Master serv fees 48,535.66 792,259.90 Sub servicer fees 12,057.68 122,089.87 Trustee fees 921.63 14,872.89 Agg advances N/A N/A Adv this period 25,163.04 239,512.30 -------------------------------------------------------------------------------- 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 15,699,999.78 14,499,994.96 9,124,997.70 Special Hazard 0.00 0.00 0.00 Total ----- Bankruptcy 0.00 0.00 Fraud 2,574,947.77 41,899,940.21 Special Hazard 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 89.910404% 100.000000% 1,773,551,562.76 ----------------------------------------------------------------------------- Junior 10.089596% 0.000000% 199,025,000.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 106 15,907,983.35 60 to 89 days 10 1,401,555.37 90 or more 11 1,361,454.36 Foreclosure 72 10,361,746.62 Totals: 199 29,032,739.70 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 55,310,134.00 55,310,134.00 Principal remittance amount 45,218,365.12 45,218,365.12 Interest remittance amount 10,091,768.88 10,091,768.88

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