8-K 1 ba735888-8k.txt FORM 8K 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: August 27, 2003 (Date of earliest event reported) Commission File No. 333-105940 Banc of America Mortgage Securities, Inc. -------------------------------------------------------------------------------- Delaware 36-4514369 -------------------------------------------------------------------------------- (State of Incorporation) (I.R.S. Employer Identification No.) 201 North Tryon Street, Charlotte, North Carolina 28255 -------------------------------------------------------------------------------- Address of principal executive offices (Zip Code) (704) 387-8239 -------------------------------------------------------------------------------- Registrant's Telephone Number, including area code -------------------------------------------------------------------------------- (Former name, former address and former fiscal year, if changed since last report) ITEM 5. Other Events ------------ On August 27, 2003, Banc of America Mortgage Securities, Inc., a Delaware corporation (the "Registrant"), sold Mortgage Pass-Through Certificates, Series 2003-H, Class 1-A-1, Class 1-A-R, Class 1-A-LR, Class 2-A-1, Class 2-A-2, Class 2-A-3, Class 2-A-4, Class 3-A-1, Class B-1, Class B-2 and Class B-3 (the "Offered Certificates"), having an aggregate original principal balance of $749,066,100.00. The Offered Certificates were issued pursuant to a Pooling and Servicing Agreement, dated August 27, 2003, among the Registrant, Bank of America, N.A., as servicer ("BANA") and Wells Fargo Bank Minnesota, National Association, as trustee (the "Agreement"), a copy of which is filed as an exhibit hereto. Mortgage Pass-Through Certificates, Series 2003-H, Class SES, Class IO, Class B-4, Class B-5 and Class B-6 Certificates, having an aggregate initial principal balance of $3,764,503.00 (the "Private Certificates" and, together with the Offered Certificates, the "Certificates"), were also issued pursuant to the Agreement. As of the date of initial issuance, the Offered Certificates evidenced an approximate 99.50% undivided interest in a trust (the "Trust"), consisting principally of three pools of adjustable interest rate, monthly pay, fully-amortizing, one- to four-family residential first mortgage loans. The remaining undivided interests in the Trust are evidenced by the Private Certificates. Interest on the Offered Certificates will be distributed on each Distribution Date (as defined in the Agreement). Monthly distributions in reduction of the principal balance of the Offered Certificates will be allocated to the Offered Certificates in accordance with the priorities set forth in the Agreement. Distributions of interest and in reduction of principal balance on any Distribution Date will be made to the extent that the Pool Distribution Amount (as defined in the Agreement) is sufficient therefor. Elections will be made to treat the Trust as two separate REMICs for federal income tax purposes (the "Upper-Tier REMIC" and the "Lower-Tier REMIC" and each a "REMIC"). The Class 1-A-1, Class 2-A-1, Class 2-A-2, Class 2-A-3, Class 2-A-4, Class 3-A-1, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates and each component of the Class SES and Class IO Certificates will be treated as "regular interests" in the REMIC and the Class 1-A-R and Class 1-A-LR Certificates will be treated as the "residual interest" in the Upper-Tier REMIC and the Lower-Tier REMIC, respectively. ITEM 7. Financial Statements and Exhibits --------------------------------- (c) Exhibits Item 601(a) of Regulation S-K Exhibit No. Description ----------- ----------- (EX-4) Pooling and Servicing Agreement, dated August 27, 2003, among Banc of America Mortgage Securities, Inc., Bank of America, N.A. and Wells Fargo Bank Minnesota, National Association, as trustee. 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 hereunto duly authorized. BANC OF AMERICA MORTGAGE SECURITIES, INC. August 27, 2003 By: /s/ Judy Lowman ----------------------------------------- Name: Judy Lowman Title: Vice President INDEX TO EXHIBITS Paper (P) or Exhibit No. Description Electronic (E) ----------- ----------- -------------- (EX-4) Pooling and Servicing E Agreement, dated August 27, 2003, among Bank of America Mortgage Securities, Inc., Bank of America, N.A. and Wells Fargo Bank Minnesota, National Association, as trustee.

Banc of America Mortgage Securities, Inc. Mortgage Pass-Through Certificates Record Date: 8/31/03 Distribution Date: 9/25/03 BAM Series: 2003-H Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution 1-A-1 05948XTD3 SEN 3.35909% 175,144,000.00 490,270.04 4,179,300.40 1-AR 05948XTE1 SEN 3.35909% 50.00 0.14 50.00 1-ALR 05948XTF8 SEN 3.35909% 50.00 1.51 50.00 2-A-1 05948XTG6 SEN 4.01360% 52,096,000.00 174,243.79 1,170,142.61 2-A-2 05948XTH4 SEN 4.33160% 100,000,000.00 360,966.73 2,246,127.56 2-A-3 05948XTJ0 SEN 4.43060% 300,000,000.00 1,107,650.20 6,738,382.68 2-A-4 05948XTK7 SEN 4.43060% 4,611,000.00 17,024.58 103,568.94 3-A-1 05948XTL5 SEN 4.63438% 100,276,000.00 387,264.37 455,423.75 B-1 05948XTN1 SUB 4.15899% 9,411,000.00 32,616.86 10,210.45 B-2 05948XTP6 SUB 4.15899% 4,517,000.00 15,655.12 4,900.71 B-3 05948XTQ4 SUB 4.15899% 3,011,000.00 10,435.59 3,266.78 B-4 05948XTR2 SUB 4.15899% 1,129,000.00 3,912.91 1,224.91 B-5 05948XTS0 SUB 4.15899% 1,129,000.00 3,912.91 1,224.91 B-6 05948XTT8 SUB 4.15899% 1,506,503.00 5,221.27 1,634.48 IO 05948XTM3 SEN 0.18504% 0.00 100,186.51 0.00 SES 05948XTU5 SEN 0.00000% 0.00 144,231.86 0.00 Totals 752,830,603.00 2,853,594.39 14,915,508.18

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A-1 0.00 170,964,699.60 4,669,570.44 0.00 1-AR 0.00 0.00 50.14 0.00 1-ALR 0.00 0.00 51.51 0.00 2-A-1 0.00 50,925,857.39 1,344,386.40 0.00 2-A-2 0.00 97,753,872.44 2,607,094.29 0.00 2-A-3 0.00 293,261,617.32 7,846,032.88 0.00 2-A-4 0.00 4,507,431.06 120,593.52 0.00 3-A-1 0.00 99,820,576.25 842,688.12 0.00 B-1 0.00 9,400,789.55 42,827.31 0.00 B-2 0.00 4,512,099.29 20,555.83 0.00 B-3 0.00 3,007,733.22 13,702.37 0.00 B-4 0.00 1,127,775.09 5,137.82 0.00 B-5 0.00 1,127,775.09 5,137.82 0.00 B-6 0.00 1,504,868.52 6,855.75 0.00 IO 0.00 0.00 100,186.51 0.00 SES 0.00 0.00 144,231.86 0.00 Totals 0.00 737,915,094.82 17,769,102.57 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) 1-A-1 175,144,000.00 175,144,000.00 247,560.34 3,931,740.06 0.00 0.00 1-AR 50.00 50.00 2.96 47.04 0.00 0.00 1-ALR 50.00 50.00 2.96 47.04 0.00 0.00 2-A-1 52,096,000.00 52,096,000.00 47,249.18 1,122,893.43 0.00 0.00 2-A-2 100,000,000.00 100,000,000.00 90,696.37 2,155,431.19 0.00 0.00 2-A-3 300,000,000.00 300,000,000.00 272,089.10 6,466,293.57 0.00 0.00 2-A-4 4,611,000.00 4,611,000.00 4,182.01 99,386.93 0.00 0.00 3-A-1 100,276,000.00 100,276,000.00 132,536.81 322,886.94 0.00 0.00 B-1 9,411,000.00 9,411,000.00 10,210.45 0.00 0.00 0.00 B-2 4,517,000.00 4,517,000.00 4,900.71 0.00 0.00 0.00 B-3 3,011,000.00 3,011,000.00 3,266.78 0.00 0.00 0.00 B-4 1,129,000.00 1,129,000.00 1,224.91 0.00 0.00 0.00 B-5 1,129,000.00 1,129,000.00 1,224.91 0.00 0.00 0.00 B-6 1,506,503.00 1,506,503.00 1,634.48 0.00 0.00 0.00 IO 0.00 0.00 0.00 0.00 0.00 0.00 SES 0.00 0.00 0.00 0.00 0.00 0.00 Totals 752,830,603.00 752,830,603.00 816,781.97 14,098,726.20 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution 1-A-1 4,179,300.40 170,964,699.60 0.97613792 4,179,300.40 1-AR 50.00 0.00 0.00000000 50.00 1-ALR 50.00 0.00 0.00000000 50.00 2-A-1 1,170,142.61 50,925,857.39 0.97753872 1,170,142.61 2-A-2 2,246,127.56 97,753,872.44 0.97753872 2,246,127.56 2-A-3 6,738,382.68 293,261,617.32 0.97753872 6,738,382.68 2-A-4 103,568.94 4,507,431.06 0.97753872 103,568.94 3-A-1 455,423.75 99,820,576.25 0.99545830 455,423.75 B-1 10,210.45 9,400,789.55 0.99891505 10,210.45 B-2 4,900.71 4,512,099.29 0.99891505 4,900.71 B-3 3,266.78 3,007,733.22 0.99891505 3,266.78 B-4 1,224.91 1,127,775.09 0.99891505 1,224.91 B-5 1,224.91 1,127,775.09 0.99891505 1,224.91 B-6 1,634.48 1,504,868.52 0.99891505 1,634.48 IO 0.00 0.00 0.00000000 0.00 SES 0.00 0.00 0.00000000 0.00 Totals 14,915,508.18 737,915,094.82 0.98018743 14,915,508.18

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 175,144,000.00 1000.00000000 1.41346743 22.44861405 0.00000000 1-AR 50.00 1000.00000000 59.20000000 940.80000000 0.00000000 1-ALR 50.00 1000.00000000 59.20000000 940.80000000 0.00000000 2-A-1 52,096,000.00 1000.00000000 0.90696368 21.55431185 0.00000000 2-A-2 100,000,000.00 1000.00000000 0.90696370 21.55431190 0.00000000 2-A-3 300,000,000.00 1000.00000000 0.90696367 21.55431190 0.00000000 2-A-4 4,611,000.00 1000.00000000 0.90696378 21.55431143 0.00000000 3-A-1 100,276,000.00 1000.00000000 1.32172015 3.21998225 0.00000000 B-1 9,411,000.00 1000.00000000 1.08494846 0.00000000 0.00000000 B-2 4,517,000.00 1000.00000000 1.08494797 0.00000000 0.00000000 B-3 3,011,000.00 1000.00000000 1.08494852 0.00000000 0.00000000 B-4 1,129,000.00 1000.00000000 1.08495128 0.00000000 0.00000000 B-5 1,129,000.00 1000.00000000 1.08495128 0.00000000 0.00000000 B-6 1,506,503.00 1000.00000000 1.08494971 0.00000000 0.00000000 IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 SES 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2) All Classes are per $1,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1-A-1 0.00000000 23.86208149 976.13791851 0.97613792 23.86208149 1-AR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 1-ALR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 2-A-1 0.00000000 22.46127553 977.53872447 0.97753872 22.46127553 2-A-2 0.00000000 22.46127560 977.53872440 0.97753872 22.46127560 2-A-3 0.00000000 22.46127560 977.53872440 0.97753872 22.46127560 2-A-4 0.00000000 22.46127521 977.53872479 0.97753872 22.46127521 3-A-1 0.00000000 4.54170240 995.45829760 0.99545830 4.54170240 B-1 0.00000000 1.08494846 998.91505154 0.99891505 1.08494846 B-2 0.00000000 1.08494797 998.91505203 0.99891505 1.08494797 B-3 0.00000000 1.08494852 998.91505148 0.99891505 1.08494852 B-4 0.00000000 1.08495128 998.91504872 0.99891505 1.08495128 B-5 0.00000000 1.08495128 998.91504872 0.99891505 1.08495128 B-6 0.00000000 1.08494971 998.91505029 0.99891505 1.08494971 IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 SES 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall 1-A-1 175,144,000.00 3.35909% 175,144,000.00 490,270.04 0.00 0.00 1-AR 50.00 3.35909% 50.00 0.14 0.00 0.00 1-ALR 50.00 3.35909% 50.00 0.14 0.00 0.00 2-A-1 52,096,000.00 4.01360% 52,096,000.00 174,243.79 0.00 0.00 2-A-2 100,000,000.00 4.33160% 100,000,000.00 360,966.74 0.00 0.00 2-A-3 300,000,000.00 4.43060% 300,000,000.00 1,107,650.21 0.00 0.00 2-A-4 4,611,000.00 4.43060% 4,611,000.00 17,024.58 0.00 0.00 3-A-1 100,276,000.00 4.63438% 100,276,000.00 387,264.37 0.00 0.00 B-1 9,411,000.00 4.15899% 9,411,000.00 32,616.86 0.00 0.00 B-2 4,517,000.00 4.15899% 4,517,000.00 15,655.12 0.00 0.00 B-3 3,011,000.00 4.15899% 3,011,000.00 10,435.59 0.00 0.00 B-4 1,129,000.00 4.15899% 1,129,000.00 3,912.91 0.00 0.00 B-5 1,129,000.00 4.15899% 1,129,000.00 3,912.91 0.00 0.00 B-6 1,506,503.00 4.15899% 1,506,503.00 5,221.27 0.00 0.00 IO 0.00 0.18504% 649,718,889.58 100,186.51 0.00 0.00 SES 0.00 0.00000% 752,830,603.50 0.00 0.00 0.00 Totals 752,830,603.00 2,709,361.18 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance 1-A-1 0.00 0.00 490,270.04 0.00 170,964,699.60 1-AR 0.00 0.00 0.14 0.00 0.00 1-ALR 0.00 0.00 1.51 0.00 0.00 2-A-1 0.00 0.00 174,243.79 0.00 50,925,857.39 2-A-2 0.00 0.00 360,966.73 0.00 97,753,872.44 2-A-3 0.00 0.00 1,107,650.20 0.00 293,261,617.32 2-A-4 0.00 0.00 17,024.58 0.00 4,507,431.06 3-A-1 0.00 0.00 387,264.37 0.00 99,820,576.25 B-1 0.00 0.00 32,616.86 0.00 9,400,789.55 B-2 0.00 0.00 15,655.12 0.00 4,512,099.29 B-3 0.00 0.00 10,435.59 0.00 3,007,733.22 B-4 0.00 0.00 3,912.91 0.00 1,127,775.09 B-5 0.00 0.00 3,912.91 0.00 1,127,775.09 B-6 0.00 0.00 5,221.27 0.00 1,504,868.52 IO 0.00 0.00 100,186.51 0.00 635,262,553.19 SES 0.00 0.00 144,231.86 0.00 737,915,095.34 Totals 0.00 0.00 2,853,594.39 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall 1-A-1 175,144,000.00 3.35909% 1000.00000000 2.79923971 0.00000000 0.00000000 1-AR 50.00 3.35909% 1000.00000000 2.80000000 0.00000000 0.00000000 1-ALR 50.00 3.35909% 1000.00000000 2.80000000 0.00000000 0.00000000 2-A-1 52,096,000.00 4.01360% 1000.00000000 3.34466734 0.00000000 0.00000000 2-A-2 100,000,000.00 4.33160% 1000.00000000 3.60966740 0.00000000 0.00000000 2-A-3 300,000,000.00 4.43060% 1000.00000000 3.69216737 0.00000000 0.00000000 2-A-4 4,611,000.00 4.43060% 1000.00000000 3.69216656 0.00000000 0.00000000 3-A-1 100,276,000.00 4.63438% 1000.00000000 3.86198462 0.00000000 0.00000000 B-1 9,411,000.00 4.15899% 1000.00000000 3.46582297 0.00000000 0.00000000 B-2 4,517,000.00 4.15899% 1000.00000000 3.46582245 0.00000000 0.00000000 B-3 3,011,000.00 4.15899% 1000.00000000 3.46582199 0.00000000 0.00000000 B-4 1,129,000.00 4.15899% 1000.00000000 3.46581931 0.00000000 0.00000000 B-5 1,129,000.00 4.15899% 1000.00000000 3.46581931 0.00000000 0.00000000 B-6 1,506,503.00 4.15899% 1000.00000000 3.46582118 0.00000000 0.00000000 IO 0.00 0.18504% 1000.00000000 0.15419978 0.00000000 0.00000000 SES 0.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 5) All Classes are per $1,000 denomination

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance 1-A-1 0.00000000 0.00000000 2.79923971 0.00000000 976.13791851 1-AR 0.00000000 0.00000000 2.80000000 0.00000000 0.00000000 1-ALR 0.00000000 0.00000000 30.20000000 0.00000000 0.00000000 2-A-1 0.00000000 0.00000000 3.34466734 0.00000000 977.53872447 2-A-2 0.00000000 0.00000000 3.60966730 0.00000000 977.53872440 2-A-3 0.00000000 0.00000000 3.69216733 0.00000000 977.53872440 2-A-4 0.00000000 0.00000000 3.69216656 0.00000000 977.53872479 3-A-1 0.00000000 0.00000000 3.86198462 0.00000000 995.45829760 B-1 0.00000000 0.00000000 3.46582297 0.00000000 998.91505154 B-2 0.00000000 0.00000000 3.46582245 0.00000000 998.91505203 B-3 0.00000000 0.00000000 3.46582199 0.00000000 998.91505148 B-4 0.00000000 0.00000000 3.46581931 0.00000000 998.91504872 B-5 0.00000000 0.00000000 3.46581931 0.00000000 998.91504872 B-6 0.00000000 0.00000000 3.46582118 0.00000000 998.91505029 IO 0.00000000 0.00000000 0.15419978 0.00000000 977.74985979 SES 0.00000000 0.00000000 0.19158607 0.00000000 980.18743116 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Certificateholder Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage IO-1 0.48700% 180,096,893.76 175,910,492.58 0.00 0.00 97.67547286% IO-2 0.06924% 469,621,995.82 459,352,060.61 0.00 0.00 97.81314860% SES-1 0.00000% 180,096,893.76 175,910,492.58 0.00 0.00 97.67547286% SES-2 0.00000% 469,621,995.82 459,352,060.61 0.00 0.00 97.81314860% SES-3 0.00000% 103,111,713.92 102,652,542.15 0.00 0.00 99.55468515%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 17,802,666.58 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 17,802,666.58 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 33,564.01 Payment of Interest and Principal 17,769,102.57 Total Withdrawals (Pool Distribution Amount) 17,802,666.58 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00

SERVICING FEES Gross Servicing Fee 31,368.20 Trustee Fee - Wells Fargo Bank, N.A. 2,195.81 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 33,564.01

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 3 0 0 0 3 2,022,800.00 0.00 0.00 0.00 2,022,800.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 3 0 0 0 3 2,022,800.00 0.00 0.00 0.00 2,022,800.00 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.216763% 0.000000% 0.000000% 0.000000% 0.216763% 0.273890% 0.000000% 0.000000% 0.000000% 0.273890% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.216763% 0.000000% 0.000000% 0.000000% 0.216763% 0.273890% 0.000000% 0.000000% 0.000000% 0.273890%

DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group One No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group Two No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 3 0 0 0 3 2,022,800.00 0.00 0.00 0.00 2,022,800.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 3 0 0 0 3 2,022,800.00 0.00 0.00 0.00 2,022,800.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.352113% 0.000000% 0.000000% 0.000000% 0.352113% 0.440042% 0.000000% 0.000000% 0.000000% 0.440042% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.352113% 0.000000% 0.000000% 0.000000% 0.352113% 0.440042% 0.000000% 0.000000% 0.000000% 0.440042% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group Three No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 8,515.17

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.602084% Weighted Average Net Coupon 4.352084% Weighted Average Pass-Through Rate 4.318681% Weighted Average Maturity(Stepdown Calculation ) 1 Beginning Scheduled Collateral Loan Count 1,406 Number Of Loans Paid In Full 22 Ending Scheduled Collateral Loan Count 1,384 Beginning Scheduled Collateral Balance 752,830,603.00 Ending Scheduled Collateral Balance 737,915,095.34 Ending Actual Collateral Balance at 31-Aug-2003 738,545,932.41 Monthly P &I Constant 3,703,940.07 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 737,915,095.34 Scheduled Principal 816,781.96 Unscheduled Principal 14,098,726.21

Group One CPR % 23.29953712% Group Two CPR % 22.46537606 Group Three CPR % 3.69847067%

Miscellaneous Reporting Total Senior Percentage 97.249912% Aggregate Subordinate Percentage 2.750088%

Group Level Collateral Statement Group Group One Group Two Group Three Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.224588 4.684101 4.887882 Weighted Average Net Rate 3.974588 4.434101 4.637882 Weighted Average Maturity 358 356 354 Beginning Loan Count 342 868 196 Loans Paid In Full 6 16 0 Ending Loan Count 336 852 196 Beginning Scheduled Balance 180,096,893.60 469,621,995.83 103,111,713.92 Ending scheduled Balance 175,910,492.58 459,352,060.61 102,652,542.15 Record Date 08/31/2003 08/31/2003 08/31/2003 Principal And Interest Constant 888,596.30 2,259,060.74 556,283.03 Scheduled Principal 254,567.04 425,930.09 136,284.83 Unscheduled Principal 3,931,834.14 9,844,005.13 322,886.94 Scheduled Interest 634,029.26 1,833,130.65 419,998.20 Servicing Fees 37,520.18 97,837.89 21,481.59 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 525.30 1,369.77 300.74 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 18,760.10 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 577,223.68 1,733,922.99 398,215.87 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 3.846088 4.430601 4.634382

Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 4.602084 Weighted Average Net Rate 4.352084 Weighted Average Maturity 1 Beginning Loan Count 1,406 Loans Paid In Full 22 Ending Loan Count 1,384 Beginning Scheduled Balance 752,830,603.35 Ending scheduled Balance 737,915,095.34 Record Date 08/31/2003 Principal And Interest Constant 3,703,940.07 Scheduled Principal 816,781.96 Unscheduled Principal 14,098,726.21 Scheduled Interest 2,887,158.11 Servicing Fees 156,839.66 Master Servicing Fees 0.00 Trustee Fee 2,195.81 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 18,760.10 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 2,709,362.54 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.00 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 4.318681

Miscellaneous Reporting Group Group One Group 1 Senior Percentage 97.249928% Group 1 Subordinate Percentage 2.750072% Group 1 Senior Prepayment Percentage 100.000000% Group 1 Subordinate Prepayment % 0.000000% Group Group Two Group 2 Senior Percentage 97.249917% Group 2 Subordinate Percentage 2.750083% Group 2 Senior Prepayment Percentage 100.000000% Group 2 Subordinate Prepayment % 0.000000% Group Group Three Group 3 Senior Percentage 97.249862% Group 3 Subordinate Percentage 2.750138% Group 3 Senior Prepayment Percentage 100.000000% Group 3 Subordinate Prepayment % 0.000000%

Filing Compare · BANC OF AMERICA MORT SEC INC MORT PASS THR CERTS SER 2003-H