8-K 1 cwa0403_8k0409.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): September 25, 2004 CWA (Depositor) (Issuer in respect of Asset Backed Certificates, Series 2004-03) (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 2004-03 On September 25, 2004, The Bank of New York, as Trustee for CWA, Asset Backed Certificates Series 2004-03, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of March 1, 2004, among CWA as Depositor, Countrywide Home Loans Servicing LP, 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 2004-03 relating to the distribution date of September 25, 2004 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of March 1, 2004. 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: September 25, 2004 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 September 25, 2004 Payment Date: 09/25/04 ------------------------------------------------------------ Countrywide Home Loans Servicing LP Asset Backed Certificates, Series 2004-03 ------------------------------------------------------------

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 ~~664~~647,~~565~~652,~~514~~198.0911 1.~~660000~~825000% 1620,~~913~~567,~~315~~978.9878 ~~919~~1,~~315~~083,468.6316 1721,~~832~~651,~~631~~446.6194 0.00 0.00 2A ~~356~~346,~~546~~652,~~469~~886.1424 1.~~650000~~815000% 910,~~893~~903,~~582~~322.9001 ~~490~~576,~~251~~743.4074 1011,~~383~~480,~~834~~065.3075 0.00 0.00 3A1 ~~200~~187,~~957~~621,~~260~~642.5374 1.~~540000~~705000% 1317,~~335~~409,~~617~~342.8055 ~~257~~293,~~895~~236.1599 1317,~~593~~702,~~512~~579.9554 0.00 0.00 3A2 150,000,000.00 1.~~650000~~815000% 0.00 ~~206~~249,~~250~~562.0050 ~~206~~249,~~250~~562.0050 0.00 0.00 3A3 34,278,000.00 1.~~830000~~995000% 0.00 5262,~~273~~685.9589 5262,~~273~~685.9589 0.00 0.00 3A4 153,209,000.00 1.~~700000~~865000% 0.00 ~~217~~261,~~046~~923.0855 ~~217~~261,~~046~~923.0855 0.00 0.00 A 6160,~~811~~220,~~676~~662.6032 12.~~890000~~055000% 1,~~591~~937,~~014~~342.2845 97113,~~353~~440.3967 12,~~688~~050,~~367~~783.6713 0.00 0.00 C 1,~~916~~874,~~367~~634,~~921~~390.6165 0.000000% 0.00 76,~~674~~935,~~460~~908.2130 76,~~674~~935,~~460~~908.2130 0.00 0.00 P 100.00 0.000000% 0.00 ~~636~~802,~~760~~526.7595 ~~636~~802,~~760~~526.7595 0.00 0.00 Residual AR 0.00 0.000000% 0.00 0.00 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M1 55,000,000.00 12.~~950000~~115000% 0.00 89106,~~375~~631.0025 89106,~~375~~631.0025 0.00 0.00 M2 40,000,000.00 2.~~000000~~165000% 0.00 6679,~~666~~383.6733 6679,~~666~~383.6733 0.00 0.00 M3 35,000,000.00 2.~~320000~~485000% 0.00 6779,~~666~~727.6708 6779,~~666~~727.6708 0.00 0.00 M4 30,000,000.00 2.~~420000~~585000% 0.00 6071,~~500~~087.0050 6071,~~500~~087.0050 0.00 0.00 M5 30,000,000.00 2.~~750000~~915000% 0.00 6880,~~750~~162.0050 6880,~~750~~162.0050 0.00 0.00 M6 30,000,000.00 3.~~250000~~415000% 0.00 8193,~~250~~912.0050 8193,~~250~~912.0050 0.00 0.00 M7 25,000,000.00 3.~~600000~~765000% 0.00 7586,~~000~~281.0025 7586,~~000~~281.0025 0.00 0.00 B 25,000,000.00 4.~~450000~~615000% 0.00 92105,~~708~~760.3342 92105,~~708~~760.3342 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - 1,~~891~~849,~~368~~634,~~020~~489.3640 - 4150,~~733~~817,~~530~~985.9679 11,~~153~~082,~~523~~442.2359 5261,~~887~~900,~~054~~428.1938 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A ~~647~~627,~~652~~084,~~198~~219.1133 0.00 2A ~~346~~335,~~652~~749,~~886~~564.2423 0.00 3A1 ~~187~~170,~~621~~212,~~642~~300.7418 0.00 3A2 150,000,000.00 0.00 3A3 34,278,000.00 0.00 3A4 153,209,000.00 0.00 A 6058,~~220~~283,~~662~~319.3287 0.00 C 1,~~874~~823,~~634~~816,~~390~~404.6586 0.00 P 100.00 0.00 Residual AR 0.00 0.00 -------------------------------------------------------------------------------- Subordinate M1 55,000,000.00 0.00 M2 40,000,000.00 0.00 M3 35,000,000.00 0.00 M4 30,000,000.00 0.00 M5 30,000,000.00 0.00 M6 30,000,000.00 0.00 M7 25,000,000.00 0.00 B 25,000,000.00 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - 1,~~849~~798,~~634~~816,~~489~~503.4061 - --------------------------------------------------------------------------------

Payment Date: 09/25/04 ------------------------------------------------------------ Countrywide Home Loans Servicing LP Asset Backed Certificates, Series 2004-03 ------------------------------------------------------------

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 ~~664~~647,~~565~~652,~~514~~198.0911 1.~~660000~~825000% 1266714L7 2429.~~265877~~509295 1.~~318961~~554474 ~~929~~899.~~199710~~690415 2A ~~356~~346,~~546~~652,~~469~~886.1424 1.~~650000~~815000% 1266714M5 2628.~~229011~~905944 1.~~299712~~529013 ~~919~~890.~~016135~~110191 3A1 ~~200~~187,~~957~~621,~~260~~642.5374 1.~~540000~~705000% 1266714N3 5876.~~409367~~252086 1.~~129568~~284364 ~~821~~745.~~773805~~521719 3A2 150,000,000.00 1.~~650000~~815000% 1266714P8 0.000000 1.~~375000~~663750 1,000.000000 3A3 34,278,000.00 1.~~830000~~995000% 1266714Q6 0.000000 1.~~525000~~828750 1,000.000000 3A4 153,209,000.00 1.~~700000~~865000% 1266714R4 0.000000 1.~~416667~~709583 1,000.000000 A 6160,~~811~~220,~~676~~662.6032 12.~~890000~~055000% 1266714S2 2429.~~477143~~805268 1.~~497744~~745241 ~~926~~896.~~471728~~666459 C 1,~~916~~874,~~367~~634,~~921~~390.6165 0.000000% 1266715B8 0.000000 3.~~837230~~467954 ~~937~~911.~~317148~~908157 P 100.00 0.000000% 1266715C6 0.000000 68,~~367~~025,~~607~~269.500000 1,000.000000 Residual AR 0.00 0.000000% 1266715D4 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 55,000,000.00 12.~~950000~~115000% 1266714T0 0.000000 1.~~625000~~938750 1,000.000000 M2 40,000,000.00 2.~~000000~~165000% 1266714U7 0.000000 1.~~666667~~984583 1,000.000000 M3 35,000,000.00 2.~~320000~~485000% 1266714V5 0.000000 12.~~933333~~277917 1,000.000000 M4 30,000,000.00 2.~~420000~~585000% 1266714W3 0.000000 2.~~016667~~369583 1,000.000000 M5 30,000,000.00 2.~~750000~~915000% 1266714X1 0.000000 2.~~291667~~672083 1,000.000000 M6 30,000,000.00 3.~~250000~~415000% 1266714Y9 0.000000 23.~~708333~~130417 1,000.000000 M7 25,000,000.00 3.~~600000~~765000% 1266714Z6 0.000000 3.~~000000~~451250 1,000.000000 B 25,000,000.00 4.~~450000~~615000% 1266715A0 0.000000 34.~~708333~~230417 1,000.000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - 1,~~891~~849,~~368~~634,~~020~~489.3640 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ Countrywide Home Loans Servicing LP Asset Backed Certificates, Series 2004-03 ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Prin balance 777,312,987.02 416,906,100.06 629,597,317.78 Loan count 4875 2268 3334 Avg loan rate 7.116881% 7.148777% 7.137969% Prepay amount 20,676,419.27 10,958,451.75 17,549,883.66 Total ----- Prin balance 1,823,816,404.86 Loan count 10477 Avg loan rate 7.13 Prepay amount 49,184,754.68 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Master serv fees 315,665.32 170,730.39 254,057.49 Sub servicer fees 17,322.41 19,966.91 28,363.15 Trustee fees 5,990.22 3,211.81 4,857.72 Agg advances N/A N/A N/A Adv this period 152,417.40 122,552.26 153,114.20 Total ----- Master serv fees 740,453.21 Sub servicer fees 65,652.47 Trustee fees 14,059.76 Agg advances N/A Adv this period 428,083.86 -------------------------------------------------------------------------------- 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 17,000,002.00 9,200,000.00 13,800,000.00 Special Hazard 0.00 0.00 0.00 Total ----- Bankruptcy 0.00 Fraud 40,000,002.00 Special Hazard 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 85.402521% 100.000000% 1,579,634,489.40 ----------------------------------------------------------------------------- Junior 14.597479% 0.000000% 270,000,000.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 189 32,130,592.06 60 to 89 days 34 6,591,250.38 90 or more 9 1,545,195.93 Foreclosure 101 17,958,142.62 Totals: 333 58,225,180.99 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- REO INFORMATION -------------------------------------------------------------------------------- REO Date Loan Number Ending Stated Balance Book Value -------- ----------- --------------------- ---------- N/A # 0 N/A N/A # 0 N/A Totals: 0 N/A Current Total Outstanding Balance: 320,303.38 Current Total Outstanding Number of Loans: 2 -------------------------------------------------------------------------------- OTHER INFORMATION -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 61,900,428.38 61,900,428.38 Principal remittance amount 50,817,985.79 50,817,985.79 Interest remittance amount 11,082,442.59 11,082,442.59

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