8-K 1 fh03ar2_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 95-4449516 (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-AR2 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-AR2, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of May 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-AR2 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 May 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 1917,~~664~~556,~~427~~824.1223 4.~~515118~~500132% 271,~~496~~989,197.3886 7365,~~989~~840.3303 ~~101~~2,~~485~~055,037.7189 0.00 0.00 2A1 ~~172~~163,~~133~~739,~~628~~263.2238 4.~~771551~~769576% 14,~~236~~687,~~147~~868.8718 ~~684~~650,~~453~~805.6373 15,~~920~~338,~~601~~673.5091 0.00 0.00 Residual 2AR 0.00 4.~~771551~~769576% 0.00 0.00 0.00 0.00 0.00 3A1 2726,~~921~~370,~~251~~268.3316 5.~~184400~~180833% ~~555~~2,~~481~~054,735.8965 ~~120~~113,~~629~~849.1197 ~~676~~2,~~111~~168,585.0062 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B1 4,~~421~~409,~~565~~612.2854 4.~~798083~~794763% 43,~~016~~910.0805 17,~~679~~619.2021 21,~~695~~529.2826 0.00 0.00 B2 1,~~326~~322,~~270~~685.5931 4.~~798083~~794763% 1,~~204~~172.6484 5,~~302~~284.9697 6,~~507~~457.6181 0.00 0.00 B3 1,~~031~~028,~~764~~975.8974 4.~~798083~~794763% ~~937~~912.1540 4,~~125~~111.41 5,~~062~~023.5682 0.00 0.00 B4 ~~441~~440,~~758~~564.5535 4.~~798083~~794763% ~~401~~390.2565 1,~~766~~760.33 2,~~167~~150.5899 0.00 0.00 B5 ~~441~~440,~~758~~564.5535 4.~~798083~~794763% ~~401~~390.2565 1,~~766~~760.33 2,~~167~~150.5899 0.00 0.00 B6 ~~443~~442,~~210~~011.0088 4.~~798083~~794763% ~~402~~391.5691 1,~~772~~766.1312 2,~~174~~158.7003 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~227~~215,~~825~~750,~~634~~769.5294 - 18,~~826~~738,~~489~~970.0621 ~~911~~862,~~484~~798.4410 29,~~737~~601,~~973~~768.5031 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A1 1915,~~636~~567,~~930~~626.7437 0.00 2A1 ~~170~~159,~~897~~051,~~480~~395.3419 0.00 Residual 2AR 0.00 0.00 3A1 2724,~~365~~315,~~769~~532.4451 0.00 -------------------------------------------------------------------------------- Subordinate B1 4,~~417~~405,~~549~~702.2049 0.00 B2 1,~~325~~321,~~065~~512.9547 0.00 B3 1,~~030~~028,~~827~~063.7534 0.00 B4 ~~441~~440,~~357~~173.3070 0.00 B5 ~~441~~440,~~357~~173.3070 0.00 B6 ~~442~~441,~~807~~619.4497 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~225~~207,~~999~~011,~~145~~799.4673 - --------------------------------------------------------------------------------

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 1917,~~664~~556,~~427~~824.1223 4.~~515118~~500132% 32051DXJ6 177.~~075169~~782039 2.~~893147~~574491 ~~767~~608.~~847452~~728645 2A1 ~~172~~163,~~133~~739,~~628~~263.2238 4.~~771551~~769576% 32051DXK3 520.~~418517~~548748 32.~~000226~~852734 ~~749~~697.~~110086~~184090 Residual 2AR 0.00 4.~~771551~~769576% 32051DXL1 0.000000 0.~~002169~~000000 0.000000 3A1 2726,~~921~~370,~~251~~268.3316 5.~~184400~~180833% 32051DXM9 1659.~~145852~~723743 3.~~506253~~309207 ~~795~~706.~~424062~~764693 ------------------------------------------------------------------------------------------------------------------------ Subordinate B1 4,~~421~~409,~~565~~612.2854 4.~~798083~~794763% 32051DXN7 0.~~903708~~879849 3.~~978218~~964718 ~~994~~991.~~047974~~382198 B2 1,~~326~~322,~~270~~685.5931 4.~~798083~~794763% 32051DXP2 0.~~903708~~879849 3.~~978218~~964718 ~~994~~991.~~047974~~382198 B3 1,~~031~~028,~~764~~975.8974 4.~~798083~~794763% 32051DXQ0 0.~~903708~~879849 3.~~978218~~964718 ~~994~~991.~~047974~~382198 B4 ~~441~~440,~~758~~564.5535 4.~~798083~~794763% 32051DXR8 0.~~903708~~879849 3.~~978218~~964718 ~~994~~991.~~047974~~382198 B5 ~~441~~440,~~758~~564.5535 4.~~798083~~794763% 32051DXS6 0.~~903708~~879849 3.~~978218~~964718 ~~994~~991.~~047974~~382198 B6 ~~443~~442,~~210~~011.0088 4.~~798083~~794763% 32051DXT4 0.~~903708~~879794 3.~~978218~~964718 ~~994~~991.~~047995~~382275 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~227~~215,~~825~~750,~~634~~769.5294 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, Mortgage Pass-Through Certificates, The Bank of New York, as Trustee ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Prin balance 16,281,373.09 165,452,596.09 25,277,830.58 Loan count 33 307 49 Avg loan rate 4.755132% 5.052576% 5.452833% Prepay amount 1,966,301.83 4,555,525.11 2,025,760.21 Total ----- Prin balance 207,011,799.76 Loan count 389 Avg loan rate 5.08 Prepay amount 8,547,587.15 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Master serv fees 2,473.38 36,738.68 4,533.24 Sub servicer fees 0.00 0.00 0.00 Trustee fees 91.36 850.73 136.67 Agg advances N/A N/A N/A Adv this period 0.00 0.00 0.00 Total ----- Master serv fees 43,745.30 Sub servicer fees 0.00 Trustee fees 1,078.75 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 525,938.35 4,691,709.07 707,543.76 Special Hazard 0.00 0.00 0.00 Total ----- Bankruptcy 0.00 Fraud 5,925,191.18 Special Hazard 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 96.256090% 100.000000% 207,666,355.76 ----------------------------------------------------------------------------- Junior 3.743910% 0.000000% 8,077,245.66 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 4 2,464,186.11 60 to 89 days 0 0.00 90 or more 0 0.00 Foreclosure 0 0.00 Totals: 4 2,464,186.11 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 9,601,768.31 9,601,768.31 Principal remittance amount 8,738,970.21 8,738,970.21 Interest remittance amount 862,798.10 862,798.10

Filing Compare · FIRST HORIZON MORTGAGE PASS THROUGH TRUST 2003-AR2