8-K 1 fh03ar1_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 56-2331643 (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-AR1 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-AR1, 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-AR1 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 1513,~~131~~771,~~579~~903.1941 4.~~892812~~907309% ~~467~~1,~~708~~076,578.1524 6156,~~696~~319.6415 ~~529~~1,~~404~~132,897.8040 0.00 0.00 2A1 9485,~~314~~009,~~864~~127.3335 5.~~109906~~114801% 15,~~803~~244,~~425~~244.6102 ~~401~~362,~~616~~337.7532 25,~~205~~606,~~042~~581.3634 0.00 0.00 Residual 2AR 0.00 5.~~109906~~114801% 0.00 0.00 0.00 0.00 0.00 3A1 2221,~~482~~099,~~407~~990.0110 5.~~403631~~404512% 611,~~779~~908,555.8407 ~~101~~95,~~238~~029.8628 ~~163~~2,~~018~~003,584.7035 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B1 3,~~887~~822,~~546~~432.2145 5.~~134737~~140377% 3100,~~666~~629.3321 16,~~634~~373.6195 20117,~~300~~003.9416 0.00 0.00 B2 1,~~340~~318,~~498~~046.9651 5.~~134737~~140377% 134,~~264~~698.2284 5,~~735~~646.9205 740,~~000~~344.1489 0.00 0.00 B3 1,~~072~~054,~~597~~632.6133 5.~~134737~~140377% 127,~~011~~764.5621 4,~~589~~517.5967 532,~~601~~281.1588 0.00 0.00 B4 ~~401~~395,~~852~~121.0227 5.~~134737~~140377% ~~378~~10,401.9995 1,~~719~~692.5056 212,~~098~~094.4951 0.00 0.00 B5 ~~536~~527,~~794~~803.9297 5.~~134737~~140377% ~~506~~13,894.2595 2,~~296~~260.9293 216,~~803~~155.1787 0.00 0.00 B6 ~~402~~395,~~632~~888.3049 5.~~134737~~140377% ~~379~~10,422.7213 1,~~722~~695.8485 212,~~102~~117.5698 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~139~~127,~~570~~394,~~772~~945.5589 - 28,~~340~~427,~~120~~188.6761 ~~597~~545,~~251~~872.6477 28,~~937~~973,~~372~~061.3138 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A1 1412,~~663~~695,~~871~~325.0417 0.00 2A1 9279,~~511~~764,~~438~~883.7233 0.00 Residual 2AR 0.00 0.00 3A1 2219,~~420~~191,~~627~~435.1704 0.00 -------------------------------------------------------------------------------- Subordinate B1 3,~~883~~721,~~879~~803.8824 0.00 B2 1,~~339~~283,~~234~~347.7467 0.00 B3 1,~~071~~026,~~586~~868.0512 0.00 B4 ~~401~~384,~~473~~719.0332 0.00 B5 ~~536~~513,~~288~~909.6702 0.00 B6 ~~402~~385,~~252~~466.5836 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~137~~118,~~230~~967,~~651~~757.8829 - --------------------------------------------------------------------------------

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 1513,~~131~~771,~~579~~903.1941 4.~~892812~~907309% 32051DTL6 1636.~~039374~~919693 21.~~115797~~931384 ~~502~~435.~~876236~~367804 2A1 9485,~~314~~009,~~864~~127.3335 5.~~109906~~114801% 32051DTM4 927.~~509582~~653243 21.~~117751~~910629 ~~487~~420.~~818895~~605471 Residual 2AR 0.00 5.~~109906~~114801% 32051DTN2 0.000000 0.~~000796~~000000 0.000000 3A1 2221,~~482~~099,~~407~~990.0110 5.~~403631~~404512% 32051DTP7 143.~~412660~~641074 2.~~314931~~172942 ~~512~~438.~~670687~~831890 ------------------------------------------------------------------------------------------------------------------------ Subordinate B1 3,~~887~~822,~~546~~432.2145 5.~~134737~~140377% 32051DTQ5 025.~~935766~~683820 4.~~245688~~179161 ~~991~~949.~~291444~~924258 B2 1,~~340~~318,~~498~~046.9651 5.~~134737~~140377% 32051DTR3 025.~~935766~~683820 4.~~245688~~179161 ~~991~~949.~~291444~~924258 B3 1,~~072~~054,~~597~~632.6133 5.~~134737~~140377% 32051DTS1 025.~~935766~~683820 4.~~245688~~179161 ~~991~~949.~~291444~~924258 B4 ~~401~~395,~~852~~121.0227 5.~~134737~~140377% 32051DTT9 025.~~935766~~683820 4.~~245688~~179161 ~~991~~949.~~291444~~924258 B5 ~~536~~527,~~794~~803.9297 5.~~134737~~140377% 32051DTU6 025.~~935766~~683820 4.~~245688~~179161 ~~991~~949.~~291444~~924258 B6 ~~402~~395,~~632~~888.3049 5.~~134737~~140377% 32051DTV4 025.~~935766~~683788 4.~~245688~~179162 ~~991~~949.~~291509~~924355 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~139~~127,~~570~~394,~~772~~945.5589 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, Mortgage Pass-Through Certificates, The Bank of New York, as Trustee ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Prin balance 13,506,188.58 85,004,115.33 20,457,453.38 Loan count 28 181 43 Avg loan rate 5.222309% 5.453801% 5.762512% Prepay amount 1,092,237.61 5,328,297.52 1,886,320.98 Total ----- Prin balance 118,967,757.29 Loan count 252 Avg loan rate 5.48 Prepay amount 8,306,856.11 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Master serv fees 3,110.68 21,138.17 5,417.87 Sub servicer fees 0.00 0.00 0.00 Trustee fees 73.08 452.06 111.84 Agg advances N/A N/A N/A Adv this period 0.00 0.00 0.00 Total ----- Master serv fees 29,666.72 Sub servicer fees 0.00 Trustee fees 636.97 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 94.248209% 97.114839% 119,881,020.87 ----------------------------------------------------------------------------- Junior 5.751791% 2.885161% 7,316,113.74 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 3 1,516,268.46 60 to 89 days 0 0.00 90 or more 0 0.00 Foreclosure 0 0.00 Totals: 3 1,516,268.46 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 8,973,061.38 8,973,061.38 Principal remittance amount 8,427,188.61 8,427,188.61 Interest remittance amount 545,872.77 545,872.77

Filing Compare · FIRST HORIZON MORTGAGE PASS THRU TRUST 2003-AR1