8-K 1 fh0302_8k0403.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): March 25, 2004 FH (Depositor) (Issuer in respect of First Horizon Mortgage Pass-Through Trust, Mortgage (Exact name of registrant as specified in charter) Delaware 33-63714 14-1875564 (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 2003-2 On March 25, 2004, The Bank of New York, as Trustee for FH, First Horizon Mortgage Pass-Through Trust Mortgage Pass-Through Certificates, Series 2003-2, 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 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 2003-2 relating to the distribution date of March 25, 2004 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: March 25, 2004 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 March 25, 2004 Payment Date: 03/25/04 ------------------------------------------------------------ (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 ~~109~~100,~~442~~850,~~129~~467.3117 4.250000% 28,~~024~~296,~~182~~530.8340 ~~387~~357,~~607~~178.5474 28,~~411~~653,~~790~~709.3814 0.00 0.00 1A2 5955,~~695~~009,~~706~~345.4027 1.~~518750~~490000% 14,~~104~~525,~~099~~380.7218 7568,~~552~~303.3827 14,~~179~~593,~~652~~683.1045 0.00 0.00 1A3 5955,~~695~~009,~~706~~345.4027 67.~~981250~~010000% 0.00 ~~347~~321,~~292~~346.2126 ~~347~~321,~~292~~346.2126 0.00 0.00 1A4 15,609,000.00 5.625000% 0.00 73,167.19 73,167.19 0.00 0.00 1A5 391,000.00 5.625000% 0.00 1,832.81 1,832.81 0.00 0.00 1A6 16,000,000.00 0.125000% 0.00 1,666.67 1,666.67 0.00 0.00 1A7 0.00 5.750000% 0.00 0.00 0.00 0.00 0.00 1A8 0.00 2.~~468750~~450000% 0.00 0.00 0.00 0.00 0.00 1A9 0.00 11.000000% 0.00 0.00 0.00 0.00 0.00 A10 0.00 14.~~693119~~749559% 0.00 0.00 0.00 0.00 0.00 A11 0.00 14.~~693119~~749559% 0.00 0.00 0.00 0.00 0.00 A12 40,000,000.00 5.750000% 0.00 191,666.67 191,666.67 0.00 0.00 Residual ARU 0.00 5.750000% 0.00 0.00 0.00 0.00 0.00 ARL 0.00 5.750000% 0.00 0.00 0.00 0.00 0.00 2A1 3634,~~423~~567,~~685~~797.7292 1.~~618750~~590000% ~~374~~1,~~078~~987,118.7572 4945,~~134~~802.0333 ~~423~~2,~~212~~032,921.7805 0.00 0.00 2A2 2524,~~496~~197,~~580~~458.2274 9.~~830357~~871429% ~~261~~1,~~855~~390,983.1312 ~~208~~199,~~867~~052.0891 ~~470~~1,~~722~~590,036.2002 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B1 5,~~808~~781,~~741~~891.8960 5.~~614959~~615912% 8,~~955~~707.3487 27,~~179~~058.8783 3635,~~135~~766.2170 0.00 0.00 B2 1,~~935~~926,~~918~~969.2365 5.~~614959~~615912% 2,~~984~~902.6113 9,~~058~~018.4208 1211,~~043~~920.0221 0.00 0.00 B3 1,~~452~~445,~~185~~472.4790 5.~~614959~~615912% 2,~~238~~176.8397 6,~~794~~764.9771 98,~~033~~941.8067 0.00 0.00 B4 ~~967~~962,~~465~~993.5150 5.~~614959~~615912% 1,~~491~~450.5433 4,~~526~~506.9074 65,~~018~~957.4406 0.00 0.00 B5 ~~484~~482,~~719~~479.9640 5.~~614959~~615912% ~~747~~726.2964 2,~~268~~257.0797 32,~~015~~984.3661 0.00 0.00 B6 ~~726~~722,~~079~~723.6038 5.~~614959~~615912% 1,~~119~~088.4046 3,~~397~~382.4229 4,~~516~~470.8275 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~298~~281,~~433~~947,~~212~~599.3153 - 316,~~781~~217,~~753~~064.4482 1,~~390~~313,~~012~~005.2245 517,~~171~~530,~~765~~070.6627 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A1 ~~107~~92,~~417~~553,~~946~~936.4877 0.00 1A2 5850,~~591~~483,~~606~~965.6809 0.00 1A3 5850,~~591~~483,~~606~~965.6809 0.00 1A4 15,609,000.00 0.00 1A5 391,000.00 0.00 1A6 16,000,000.00 0.00 1A7 0.00 0.00 1A8 0.00 0.00 1A9 0.00 0.00 A10 0.00 0.00 A11 0.00 0.00 A12 40,000,000.00 0.00 Residual ARU 0.00 0.00 ARL 0.00 0.00 2A1 3632,~~049~~580,~~606~~679.9719 0.00 2A2 2522,~~234~~806,~~725~~475.0962 0.00 -------------------------------------------------------------------------------- Subordinate B1 5,~~799~~773,~~786~~183.5573 0.00 B2 1,~~932~~924,~~933~~067.6252 0.00 B3 1,~~449~~443,~~946~~295.6493 0.00 B4 ~~965~~961,~~973~~543.9718 0.00 B5 ~~483~~481,~~972~~752.6775 0.00 B6 ~~724~~721,~~960~~634.2192 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~294~~265,~~651~~730,~~458~~534.8771 - --------------------------------------------------------------------------------

Payment Date: 03/25/04 ------------------------------------------------------------ (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 ~~109~~100,~~442~~850,~~129~~467.3117 4.250000% 32051DTZ5 1669.~~990363~~638502 32.~~253457~~998047 ~~901~~776.~~632911~~869026 1A2 5955,~~695~~009,~~706~~345.4027 1.~~518750~~490000% 32051DUA8 1669.~~990363~~638502 1.~~162633~~051080 ~~901~~776.~~632911~~869026 1A3 5955,~~695~~009,~~706~~345.4027 67.~~981250~~010000% 32051DUB6 0.000000 54.~~344282~~945015 ~~901~~776.~~632911~~869026 1A4 15,609,000.00 5.625000% 32051DUC4 0.000000 4.687500 1,000.000000 1A5 391,000.00 5.625000% 32051DUD2 0.000000 4.687500 1,000.000000 1A6 16,000,000.00 0.125000% 32051DUE0 0.000000 0.104167 1,000.000000 1A7 0.00 5.750000% 32051DUF7 0.000000 0.000000 0.000000 1A8 0.00 2.~~468750~~450000% 32051DUG5 0.000000 0.000000 0.000000 1A9 0.00 11.000000% 32051DUH3 0.000000 0.000000 0.000000 A10 0.00 14.~~693119~~749559% 32051DUJ9 0.000000 0.000000 0.000000 A11 0.00 14.~~693119~~749559% 32051DUK6 0.000000 0.000000 0.000000 A12 40,000,000.00 5.750000% 32051DUL4 0.000000 4.791667 1,000.000000 Residual ARU 0.00 5.750000% 32051DUM2 0.000000 0.~~025528~~000000 0.000000 ARL 0.00 5.750000% 32051DUN0 0.000000 0.000000 0.000000 2A1 3634,~~423~~567,~~685~~797.7292 1.~~618750~~590000% 32051DUP5 738.~~233755~~425947 0.~~950130~~885703 ~~697~~630.~~109974~~029516 2A2 2524,~~496~~197,~~580~~458.2274 9.~~830357~~871429% 32051DUQ3 738.~~233755~~425947 5.~~769959~~498842 ~~697~~630.~~109974~~029516 ------------------------------------------------------------------------------------------------------------------------ Subordinate B1 5,~~808~~781,~~741~~891.8960 5.~~614959~~615912% 32051DUR1 1.~~521981~~479924 4.~~619285~~598713 ~~985~~981.~~687721~~166507 B2 1,~~935~~926,~~918~~969.2365 5.~~614959~~615912% 32051DUS9 1.~~521981~~479924 4.~~619285~~598713 ~~985~~981.~~687721~~166507 B3 1,~~452~~445,~~185~~472.4790 5.~~614959~~615912% 32051DUT7 1.~~521981~~479924 4.~~619285~~598713 ~~985~~981.~~687721~~166507 B4 ~~967~~962,~~465~~993.5150 5.~~614959~~615912% 32051DTW2 1.~~521981~~479924 4.~~619285~~598713 ~~985~~981.~~687721~~166507 B5 ~~484~~482,~~719~~479.9640 5.~~614959~~615912% 32051DTX0 1.~~521981~~479924 4.~~619285~~598713 ~~985~~981.~~687721~~166507 B6 ~~726~~722,~~079~~723.6038 5.~~614959~~615912% 32051DTY8 1.~~521982~~479922 4.~~619286~~598714 ~~985~~981.~~687998~~166795 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~298~~281,~~433~~947,~~212~~599.3153 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, Mortgage Pass-Through Certificates, The Bank of New York, as Trustee ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Prin balance 208,326,821.46 57,403,713.06 0.00 Loan count 455 122 0 Avg loan rate 6.206694% 5.679082% 0.000000% Prepay amount 12,609,580.02 3,153,598.02 0.00 Total ----- Prin balance 265,730,534.52 Loan count 577 Avg loan rate 6.09 Prepay amount 15,763,178.04 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Master serv fees 36,721.11 10,238.29 0.00 Sub servicer fees 39,187.76 21,736.44 0.00 Trustee fees 1,105.79 303.95 0.00 Agg advances N/A N/A N/A Adv this period 0.00 0.00 0.00 Total ----- Master serv fees 46,959.40 Sub servicer fees 60,924.21 Trustee fees 1,409.74 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 0.00 0.00 0.00 Special Hazard 0.00 0.00 0.00 Total ----- Bankruptcy 0.00 Fraud 0.00 Special Hazard 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 95.989978% 100.000000% 270,625,069.10 ----------------------------------------------------------------------------- Junior 4.010022% 0.000000% 11,305,478.03 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 4 1,555,111.49 60 to 89 days 0 0.00 90 or more 0 0.00 Foreclosure 0 0.00 Totals: 4 1,555,111.49 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 17,530,070.27 17,530,070.27 Principal remittance amount 16,217,064.82 16,217,064.82 Interest remittance amount 1,313,005.45 1,313,005.45

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