

                           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):  April 25, 2003


                            LONG BEACH SECURITIES CORP
           (as depositor, Long Beach Mortgage Company, as Master Servicer,
                Federal National Mortgage Association, Guarantor (with
       respect to the Class A-1 Certificates and the Class S-1 Certificates)
             and Deutsche Bank National Trust Company, as Trustee).

            LONG BEACH SECURITIES CORP ASSET BACKED CERT SERIES 2003-1
            (Exact name of Registrant as specified in its Charter)


                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-90550-04                          33-0917586
          (Commission File Number)        (I.R.S. Employer Identification No.)


               1100 Town and Country Road
               Orange, California                        92868
          (Address of principal executive offices)     (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (714) 541-5378


     Item 5.  Other Events

     Attached hereto is a copy of the Monthly Remittance Statements to the
     Certificateholders which was derived from the monthly information
     submitted by the Master Servicer of the Trust to the Trustee.


     Item 7.  Financial Statement and Exhibits

     Exhibits:  (as noted in Item 5 above)

     Monthly Remittance Statement to the Certificateholders dated as of
     April 25, 2003.




                                     SIGNATURE


               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.


                                  Deutsche Bank National Trust Company,
                                  not in its individual capacity, but solely
                                  as a duly authorized agent of the Registrant
                                  pursuant to the Pooling and Servicing
                                  Agreement, dated as of February 1,2003.


          Date:  May 01, 2003               By:  /s/ David Co
                                            David Co
                                            Vice President


                                   EXHIBIT INDEX

          DOCUMENT

          Monthly Remittance Statement to the Certificateholders
          dated as of April 25, 2003.


	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates


	April 25, 2003 Distribution


	Contents



			TABLE OF CONTENTS

								Page

			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				8
			4.	Credit Enhancement Report				11
			5.	Collateral Report				12
			6.	Delinquency Report				15
			7.	REO Report				18
			8.	Foreclosure Report				19
			9.	Prepayment Report				20
			10.	Prepayment Detail Report				23
			11.	Realized Loss Report				25
			12.	Realized Loss Detail Report				28
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				29




				Total Number of Pages				29



			CONTACTS

				Administrator: Valerie Delgado
				Direct Phone Number: (714)247-6273
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705

				Web Site: https://www.corporatetrust.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000



ISSUANCE INFORMATION

	Seller:							Cut-Off Date: February 1, 2003
	Certificate Insurer(s):							Closing Date: February 6, 2003
								First Payment Date: March 25, 2003
	Servicer(s):		Washington Mutual Master Servicer


								Distribution Date: April 25, 2003
	Underwriter(s):		Deutsche Banc Alex Brown Co-Lead Underwriter					Record Date: April 24, 2003
			Lehman Brothers Securities Corporation					March 31, 2003






						Page 1 of 29					© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates
	REMIC III Series 2003-1
	Certificate Payment Report for April 25, 2003 Distribution


	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)

A-1	FLT	1,044,000,000.00			1,040,502,864.87	1,294,703.50	6,200,116.07	7,494,819.57	-	-	1,034,302,748.80
A-2	FLT	644,000,000.00			638,802,981.28	937,886.99	5,715,978.00	6,653,864.99	-	-	633,087,003.28
S-1	IO	240,000,000.00			240,000,000.00	850,000.00	-	850,000.00	-	-	240,000,000.00
S-2	IO	160,000,000.00			160,000,000.00	566,666.67	-	566,666.67	-	-	160,000,000.00
M-1	MEZ	52,000,000.00			52,000,000.00	99,630.56	-	99,630.56	-	-	52,000,000.00
M-2	MEZ	101,000,000.00			101,000,000.00	291,791.81	-	291,791.81	-	-	101,000,000.00
M-3	MEZ	80,000,000.00			80,000,000.00	353,612.07	-	353,612.07	-	-	80,000,000.00
M-4	MEZ	40,000,000.00			40,000,000.00	165,505.56	-	165,505.56	-	-	40,000,000.00
LT3-C		39,000,069.33			39,000,003.30	7,553,366.83	-	7,553,366.83	-	-	39,000,003.30
LT3-P		100.00			100.00	104,659.19	-	104,659.19	-	-	100.00
R-M4X		-			-	-	-	-	-	-	-


Total		2,400,000,169.33			2,391,305,949.45	12,217,823.18	11,916,094.07	24,133,917.25	-	-	2,379,389,855.38


	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

A-1	03/25/03	04/24/03		A-Act/360	542514DN1	1,044,000,000.00	996.650254	1.240137	5.938808	7.178946	990.711445
A-2	03/25/03	04/24/03		A-Act/360	542514DG6	644,000,000.00	991.930095	1.456346	8.875742	10.332088	983.054353
S-1				A-30/360	542514DP6	240,000,000.00	1,000.000000	3.541667	-	3.541667	1,000.000000
S-2				A-30/360	542514DH4	160,000,000.00	1,000.000000	3.541667	-	3.541667	1,000.000000
M-1	03/25/03	04/24/03		A-Act/360	542514DJ0	52,000,000.00	1,000.000000	1.915972	-	1.915972	1,000.000000
M-2	03/25/03	04/24/03		A-Act/360	542514DK7	101,000,000.00	1,000.000000	2.889028	-	2.889028	1,000.000000
M-3	03/25/03	04/24/03		A-Act/360	542514DL5	80,000,000.00	1,000.000000	4.420151	-	4.420151	1,000.000000
M-4	03/25/03	04/24/03		A-Act/360	542514DM3	40,000,000.00	1,000.000000	4.137639	-	4.137639	1,000.000000
LT3-C				A-30/360		39,000,069.33	999.998307	193.675728	-	193.675728	999.998307
LT3-P				-		100.00	1,000.000000	1,046,591.900000	-	1,046,591.900000	1,000.000000
R-M4X				-		-	-	-	-	-	-


							Page 2 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates
	REMIC III Series 2003-1
	Certificate Payment Report for April 25, 2003 Distribution


	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)

A-1	1,044,000,000.00		3,311,943.50		7,892,515.60	1,804,735.60	9,697,251.20	13,009,194.70	-	-	1,034,302,748.80
A-2	644,000,000.00		2,400,840.32		9,449,040.85	1,463,955.87	10,912,996.72	13,313,837.04	-	-	633,087,003.28
S-1	240,000,000.00		1,700,000.00		-	-	-	1,700,000.00	-	-	240,000,000.00
S-2	160,000,000.00		1,133,333.34		-	-	-	1,133,333.34	-	-	160,000,000.00
M-1	52,000,000.00		253,059.45		-	-	-	253,059.45	-	-	52,000,000.00
M-2	101,000,000.00		738,800.98		-	-	-	738,800.98	-	-	101,000,000.00
M-3	80,000,000.00		911,345.40		-	-	-	911,345.40	-	-	80,000,000.00
M-4	40,000,000.00		418,261.12		-	-	-	418,261.12	-	-	40,000,000.00
LT3-C	39,000,069.33		13,296,148.23		66.03	-	66.03	13,296,214.26	-	-	39,000,003.30
LT3-P	100.00		165,839.80		-	-	-	165,839.80	-	-	100.00
R-M4X	-		-		-	-	-	-	-	-	-


Total	2,400,000,169.33		24,329,572.14		17,341,622.48	3,268,691.47	20,610,313.95	44,939,886.09	-	-	2,379,389,855.38


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

A-1	1.44500%	1,040,502,864.87			1,294,703.50	-	-	-	1,294,703.50	1,294,703.50	-
A-2	1.70500%	638,802,981.28			937,886.99	-	-	-	937,886.99	937,886.99	-
S-1	4.25000%	240,000,000.00			850,000.00	-	-	-	850,000.00	850,000.00	-
S-2	4.25000%	160,000,000.00			566,666.67	-	-	-	566,666.67	566,666.67	-
M-1	2.22500%	52,000,000.00			99,630.56	-	-	-	99,630.56	99,630.56	-
M-2	3.35500%	101,000,000.00			291,791.81	-	-	-	291,791.81	291,791.81	-
M-3	5.13308%	80,000,000.00			353,612.07	-	-	-	353,612.07	353,612.07	-
M-4	4.80500%	40,000,000.00			165,505.56	-	-	-	165,505.56	165,505.56	-
LT3-C		39,000,003.30			7,553,366.83	-	-	-	7,553,366.83	7,553,366.83	-
LT3-P		100.00			104,659.19	-	-	-	104,659.19	104,659.19	-
R-M4X		-			-	-	-	-	-	-	-


Total		2,391,305,949.45			12,217,823.18	-	-	-	############	12,217,823.18	-


							Page 3 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates
	REMIC IV Series 2003-1
	Certificate Payment Report for April 25, 2003 Distribution


	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)

C	SUB	39,000,069.33			39,000,003.30	7,553,366.83	-	7,553,366.83	-	-	39,000,003.30
R-CX		-			-	-	-	-	-	-	-


Total		39,000,069.33			39,000,003.30	7,553,366.83	-	7,553,366.83	-	-	39,000,003.30


	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

C				A-30/360		39,000,069.33	999.998307	193.675728	-	193.675728	999.998307
R-CX				-		-	-	-	-	-	-


							Page 4 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates
	REMIC IV Series 2003-1
	Certificate Payment Report for April 25, 2003 Distribution


	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)

C	39,000,069.33		13,296,148.23		-	66.03	66.03	13,296,214.26	-	-	39,000,003.30
R-CX	-		-		-	-	-	-	-	-	-


Total	39,000,069.33		13,296,148.23		-	66.03	66.03	13,296,214.26	-	-	39,000,003.30


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

C		39,000,003.30			7,553,366.83	-	-	-	7,553,366.83	7,553,366.83	-
R-CX		-			-	-	-	-	-	-	-


Total		39,000,003.30			7,553,366.83	-	-	-	7,553,366.83	7,553,366.83	-


							Page 5 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates
	REMIC V Series 2003-1
	Certificate Payment Report for April 25, 2003 Distribution


	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)

P	EXE	100.00			100.00	104,659.19	-	104,659.19	-	-	100.00
R-PX		-			-	-	-	-	-	-	-


Total		100.00			100.00	104,659.19	-	104,659.19	-	-	100.00


	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

P				-		100.00	1,000.000000	1,046,591.900000	-	1,046,591.900000	1,000.000000
R-PX				-		-	-	-	-	-	-


							Page 6 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates
	REMIC V Series 2003-1
	Certificate Payment Report for April 25, 2003 Distribution


	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)

P	100.00		165,839.80		-	-	-	165,839.80	-	-	100.00
R-PX	-		-		-	-	-	-	-	-	-


Total	100.00		165,839.80		-	-	-	165,839.80	-	-	100.00


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

P		100.00			104,659.19	-	-	-	104,659.19	104,659.19	-
R-PX		-			-	-	-	-	-	-	-


Total		100.00			104,659.19	-	-	-	104,659.19	104,659.19	-


							Page 7 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates

	Collection Account Report for April 25, 2003 Distribution


	Collection Account Report


SUMMARY						GROUP II	GROUP I	TOTAL

	Principal Collections					5,715,978.00	6,200,116.07	11,916,094.07

	TOTAL NET PRINCIPAL					5,715,978.00	6,200,116.07	11,916,094.07

	Interest Collections					5,137,871.29	7,869,051.29	13,006,922.58
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					26,666.70	77,992.49	104,659.19
	Interest Fees					(262,986.82)	(397,814.75)	(660,801.56)
	Fannie Mae Guaranty Fee						232,957.03	232,957.03
	TOTAL NET INTEREST					4,901,551.17	7,316,272.00	12,217,823.18

	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION					10,617,529.17	13,516,388.07	24,133,917.25


PRINCIPAL - COLLECTIONS						GROUP II	GROUP I	TOTAL

	Scheduled Principal					732,279.96	903,555.50	1,635,835.46
	Prepayments In Full					4,768,051.08	5,192,152.81	9,960,203.89
	Curtailments					215,646.96	104,407.76	320,054.72
	Liquidations					0.00	0.00	0.00
	Insurance Principal					0.00	0.00	0.00
	Repurchased Principal Amounts					0.00	0.00	0.00
	Other Principal					0.00	0.00	0.00
	Total Realized Loss Of Principal					0.00	0.00	0.00
	Delinquent Principal					(133,197.90)	(152,465.29)	(285,663.19)
	Advanced Principal					133,197.90	152,465.29	285,663.19

	TOTAL PRINCIPAL COLLECTED					5,715,978.00	6,200,116.07	11,916,094.07


				Page 8 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates

	Collection Account Report for April 25, 2003 Distribution


	Collection Account Report


PRINCIPAL - WITHDRAWALS						GROUP II	GROUP I	TOTAL
SPACE INTENTIONALLY LEFT BLANK


PRINCIPAL - OTHER ACCOUNTS						GROUP II	GROUP I	TOTAL
SPACE INTENTIONALLY LEFT BLANK


INTEREST - COLLECTIONS						GROUP II	GROUP I	TOTAL

	Scheduled Interest					5,208,948.15	7,973,622.93	13,182,571.08
	Liquidation Interest					0.00	0.00	0.00
	Repurchased Interest					0.00	0.00	0.00
	Insurance Interest					0.00	0.00	0.00
	Other Interest					0.00	0.00	0.00
	Relief Act Interest Shortfalls					(2,233.41)	(2,846.40)	(5,079.81)
	Prepayment Interest Shortfalls					(14,217.93)	(15,823.73)	(30,041.66)
	Compensating Interest					14,217.93	15,823.73	30,041.66
	Delinquent Interest					(1,115,259.71)	(1,807,301.00)	(2,922,560.71)
	Interest Advanced					1,046,416.26	1,705,575.76	2,751,992.02

	TOTAL INTEREST COLLECTED					5,137,871.29	7,869,051.29	13,006,922.58


				Page 9 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates

	Collection Account Report for April 25, 2003 Distribution


	Collection Account Report


INTEREST - WITHDRAWALS						GROUP II	GROUP I	TOTAL

	Extraordinary Trust Fund Expenses					0.00	0.00	0.00



	TOTAL INTEREST WITHDRAWALS					0.00	0.00	0.00


INTEREST - OTHER ACCOUNTS						GROUP II	GROUP I	TOTAL

	Prepayment Charges					26,666.70	77,992.49	104,659.19



	TOTAL INTEREST OTHER ACCOUNTS					26,666.70	77,992.49	104,659.19


INTEREST - FEES						GROUP II	GROUP I	TOTAL

	Current Servicing Fees					262,324.48	396,817.66	659,142.14

	Trustee Fee					662.34	997.09	1,659.42
	TOTAL INTEREST OTHER FEES					262,986.82	397,814.75	660,801.56


				Page 10 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates

	Credit Enhancement Report for April 25, 2003 Distribution


	Credit Enhancement Report


ACCOUNTS						GROUP II	GROUP I	TOTAL
SPACE INTENTIONALLY LEFT BLANK


INSURANCE						GROUP II	GROUP I	TOTAL
SPACE INTENTIONALLY LEFT BLANK


STRUCTURAL FEATURES						GROUP II	GROUP I	TOTAL

	Overcollateralized Amount - Prior Period							39,000,003.30
	Current Period Losses							0.00
	Overcollateralized Amount - After Current Losses							39,000,003.30

	Overcollateralization Increase Amount							0.00
	Overcollateralization Reduction Amount							0.00
	Overcollateralized Amount - Ending							39,000,003.30

	OC Deficiency Amount - Ending							(0.00)
	Required Overcollateralized Amount							39,000,003.30


				Page 11 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates

	Collateral Report for April 25, 2003 Distribution


	Collateral Report


COLLATERAL						GROUP II	GROUP I	TOTAL
	Loan Count:
	*Original*					4316	8066	12382
	Prior					4,298	8,049	12,347
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(25)	(29)	(54)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					4,273	8,020	12,293

	*Principal Balance:*
	Original					800,000,068.53	1,200,000,100.80	2,000,000,169.33
	Prior					794,803,010.34	1,196,502,939.11	1,991,305,949.45
	Prefunding					-	-	-
	Scheduled Principal					(732,279.96)	(903,555.50)	(1,635,835.46)
	Partial and Full Voluntary Prepayments					(4,983,698.04)	(5,296,560.57)	(10,280,258.61)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					789,087,032.34	1,190,302,823.04	1,979,389,855.38

PREFUNDING						GROUP II	GROUP I	TOTAL
SPACE INTENTIONALLY LEFT BLANK


	Group I
	Group II
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)


				Page 12 of 29				© COPYRIGHT 2003 Deutsche Bank
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	Collateral Report for April 25, 2003 Distribution


	Collateral Report


CHARACTERISTICS						GROUP II	GROUP I	TOTAL

	Weighted Average Coupon Original					7.864954%	7.996644%	7.943968%
	Weighted Average Coupon Prior					7.864954%	7.996644%	7.943968%
	Weighted Average Coupon Current					7.864512%	7.996928%	7.944076%
	Weighted Average Months to Maturity Original					334	354	346
	Weighted Average Months to Maturity Prior					334	354	346
	Weighted Average Months to Maturity Current					333	353	345
	Weighted Avg Remaining Amortization Term Original					-	-	-
	Weighted Avg Remaining Amortization Term Prior					-	-	-
	Weighted Avg Remaining Amortization Term Current					-	-	-
	Weighted Average Seasoning Original					3.12	3.04	3.07
	Weighted Average Seasoning Prior					3.12	3.04	3.07
	Weighted Average Seasoning Current					4.12	4.04	4.07

Note: Original information refers to deal issue.


	Group I
	Group II
WAC by Groups					Total WAC


WARAT by Groups					Total WARAT


Note: Dates correspond to distribution dates.
				Page 13 of 29				© COPYRIGHT 2003 Deutsche Bank
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	Collateral Report for April 25, 2003 Distribution


	Collateral Report


ARM CHARACTERISTICS						GROUP II	GROUP I	TOTAL

	Weighted Average Margin Original					3.182%	4.302%
	Weighted Average Margin Prior					3.182%	4.302%
	Weighted Average Margin Current					3.182%	4.306%
	Weighted Average Max Rate Original					11.604%	13.172%
	Weighted Average Max Rate Prior					11.604%	13.172%
	Weighted Average Max Rate Current					11.606%	13.176%
	Weighted Average Min Rate Original					4.552%	6.441%
	Weighted Average Min Rate Prior					4.552%	6.441%
	Weighted Average Min Rate Current					4.550%	6.446%
	Weighted Average Cap Up Original
	Weighted Average Cap Up Prior
	Weighted Average Cap Up Current
	Weighted Average Cap Down Original
	Weighted Average Cap Down Prior
	Weighted Average Cap Down Current

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES						GROUP II	GROUP I	TOTAL

	Current Servicing Fees					262,324.48	396,817.66	659,142.14
	Delinquent Servicing Fees					68,843.45	101,725.24	170,568.69
	TOTAL SERVICING FEES					331,167.93	498,542.90	829,710.83


	Compensating Interest					(14,217.93)	(15,823.73)	(30,041.66)
	Delinquent Servicing Fees					(68,843.45)	(101,725.24)	(170,568.69)
	COLLECTED SERVICING FEES					248,106.55	380,993.93	629,100.48
	Total Advances					1,179,614.16	1,858,041.05	3,037,655.21

	Current Nonrecoverable Advances					0.00	0.00	0.00


ADDITIONAL COLLATERAL INFORMATION						GROUP II	GROUP I	TOTAL

	Net Prepayment Interest Shortfall					0.00	0.00	0.00


				Page 14 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates

	Delinquency Report for April 25, 2003 Distribution


	Delinquency Report - Total


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			13,287,537.32	346,530.39	-	13,634,067.71
		% Balance			0.67%	0.02%	0.00%	0.69%
		# Loans			72	2	-	74
		% # Loans			0.59%	0.02%	0.00%	0.60%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		3,396,859.73	159,428.02	65,104.79	-	3,621,392.54
		% Balance		0.17%	0.01%	0.00%	0.00%	0.18%
		# Loans		22	1	1	-	24
		% # Loans		0.18%	0.01%	0.01%	0.00%	0.20%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%

TOTAL		Balance		3,396,859.73	13,446,965.34	411,635.18	-	17,255,460.25
		% Balance		0.17%	0.68%	0.02%	0.00%	0.87%
		# Loans		22	73	3	-	98
		% # Loans		0.18%	0.59%	0.02%	0.00%	0.80%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 15 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates

	Delinquency Report for April 25, 2003 Distribution


	Delinquency Report - Group I Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			6,939,855.48	346,530.39	-	7,286,385.87
		% Balance			0.58%	0.03%	0.00%	0.61%
		# Loans			50	2	-	52
		% # Loans			0.62%	0.02%	0.00%	0.65%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		2,051,720.40	159,428.02	65,104.79	-	2,276,253.21
		% Balance		0.17%	0.01%	0.01%	0.00%	0.19%
		# Loans		18	1	1	-	20
		% # Loans		0.22%	0.01%	0.01%	0.00%	0.25%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%

TOTAL		Balance		2,051,720.40	7,099,283.50	411,635.18	-	9,562,639.08
		% Balance		0.17%	0.60%	0.03%	0.00%	0.80%
		# Loans		18	51	3	-	72
		% # Loans		0.22%	0.64%	0.04%	0.00%	0.90%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 16 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates

	Delinquency Report for April 25, 2003 Distribution


	Delinquency Report - Group II Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			6,347,681.84	-	-	6,347,681.84
		% Balance			0.80%	0.00%	0.00%	0.80%
		# Loans			22	-	-	22
		% # Loans			0.51%	0.00%	0.00%	0.51%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		1,345,139.33	-	-	-	1,345,139.33
		% Balance		0.17%	0.00%	0.00%	0.00%	0.17%
		# Loans		4	-	-	-	4
		% # Loans		0.09%	0.00%	0.00%	0.00%	0.09%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%

TOTAL		Balance		1,345,139.33	6,347,681.84	-	-	7,692,821.17
		% Balance		0.17%	0.80%	0.00%	0.00%	0.97%
		# Loans		4	22	-	-	26
		% # Loans		0.09%	0.51%	0.00%	0.00%	0.61%
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 17 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates

	REO Report for April 25, 2003 Distribution


	REO Report - Mortgage Loans that Become REO During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 0				Loan Group 1 = Group I Group; REO Book Value = 000.00
Total Original Principal Balance = 000.00				Loan Group 2 = Group II Group; REO Book Value = 000.00
Total Current Balance = 000.00
REO Book Value = 000.00

REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.

Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK


				Page 18 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates

	Foreclosure Report for April 25, 2003 Distribution


	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 0				Loan Group 1 = Group I Group
Total Original Principal Balance = 000.00				Loan Group 2 = Group II Group
Total Current Balance = 000.00


Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK


				Page 19 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates

	Prepayment Report for April 25, 2003 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENTS						GROUP II	GROUP I	TOTAL

	*Current*
	Number of Paid in Full Loans					25	29	54
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					25	29	54

	Paid in Full Balance					4,768,051.08	5,192,152.81	9,960,203.89
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					215,646.96	104,407.76	320,054.72
	Total Prepayment Amount					4,983,698.04	5,296,560.57	10,280,258.61

	*Cumulative*
	Number of Paid in Full Loans					43	46	89
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					43	46	89

	Paid in Full Balance					9,173,997.09	7,744,871.94	16,918,869.03
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					275,077.67	147,663.38	422,741.05
	Total Prepayment Amount					9,449,074.76	7,892,535.32	17,341,610.08

SPACE INTENTIONALLY LEFT BLANK


Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)


				Page 20 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates

	Prepayment Report for April 25, 2003 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES						GROUP II	GROUP I	TOTAL

	SMM					0.63%	0.44%	0.52%
	3 Months Avg SMM
	12 Months Avg SMM
	Avg SMM Since Cut-off					0.59%	0.33%	0.44%

	CPR					7.28%	5.19%	6.03%
	3 Months Avg CPR
	12 Months Avg CPR
	Avg CPR Since Cut-off					6.89%	3.89%	5.10%

	PSA					882.54%	642.41%	740.07%
	3 Months Avg PSA Approximation
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					950.94%	549.14%	713.45%



	Group I
	Group II


CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 21 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates

	Prepayment Report for April 25, 2003 Distribution


	Prepayment Report - Voluntary Prepayments

	Group I
	Group II

CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off


PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off


PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) .......(1-SMMm)]^(1/months in period n,m)
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m))
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of months in the period n,m)
Weighted Average Seasoning (WAS)

Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.
Dates correspond to distribution dates.

				Page 22 of 29				© COPYRIGHT 2003 Deutsche Bank


	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for April 25, 2003 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 54						Loan Group 1 = Group I Group
Total Original Principal Balance = 9,987,214.00						Loan Group 2 = Group II Group
Total Prepayment Amount = 9,960,203.89


Loan Number			Original			Current	State &	Type Prepayment
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Original Term	Date

44686897 1			94,500.00	94,194.06	Mar-03-03	9.150%	NC - 90.00%	Paid Off - 360	Aug-28-02
44752178 1			199,200.00	198,455.27	Mar-24-03	6.375%	CA - 8000.00%	Paid Off - 360	Oct-08-02
44757193 1			132,000.00	131,599.76	Mar-18-03	7.450%	FL - 64.39%	Paid Off - 360	Oct-10-02
73551624 1			204,300.00	203,884.64	Mar-31-03	9.400%	MA - 85.48%	Paid Off - 360	Oct-28-02
73552614 1			148,500.00	147,964.44	Mar-11-03	7.500%	MI - 90.00%	Paid Off - 360	Oct-28-02
73555807 1			63,900.00	63,736.99	Mar-04-03	8.300%	NM - 90.00%	Paid Off - 360	Oct-29-02
73556086 1			180,000.00	179,511.02	Mar-13-03	7.990%	CA - 84.51%	Paid Off - 360	Oct-29-02
73557738 1			300,000.00	299,005.75	Mar-17-03	6.990%	CA - 75.00%	Paid Off - 360	Oct-30-02
73558173 1			128,000.00	127,791.61	Mar-28-03	10.450%	CA - 77.58%	Paid Off - 360	Oct-30-02
73558801 1			300,000.00	299,511.62	Mar-24-03	10.450%	CA - 80.00%	Paid Off - 360	Oct-30-02
73564304 1			115,000.00	114,628.36	Mar-04-03	7.125%	CA - 76.67%	Paid Off - 360	Oct-31-02
73570616 1			134,400.00	134,044.20	Mar-07-03	11.150%	MO - 80.00%	Paid Off - 360	Oct-31-02
73571440 1			320,000.00	319,078.59	Mar-13-03	7.700%	CA - 80.00%	Paid Off - 360	Nov-01-02
73578858 1			61,600.00	61,506.95	Mar-25-03	10.800%	NC - 70.00%	Paid Off - 360	Nov-07-02
73579278 1			300,000.00	299,235.81	Mar-12-03	6.850%	CA - 80.00%	Paid Off - 360	Nov-07-02
73582710 1			136,000.00	135,823.71	Mar-05-03	10.150%	IL - 85.00%	Paid Off - 360	Nov-12-02
73583999 1			132,000.00	131,625.89	Mar-21-03	6.300%	CA - 80.00%	Paid Off - 360	Nov-12-02
73587446 1			193,600.00	193,170.55	Mar-25-03	7.550%	CA - 80.00%	Paid Off - 360	Nov-14-02
73596124 1			268,000.00	267,343.60	Mar-03-03	7.050%	CA - 80.00%	Paid Off - 360	Nov-19-02
73605958 1			228,000.00	227,362.96	Mar-26-03	7.850%	CA - 95.00%	Paid Off - 360	Nov-08-02
73611436 1			80,000.00	79,879.75	Mar-28-03	9.450%	CA - 38.46%	Paid Off - 360	Nov-26-02
73620387 1			212,000.00	211,505.75	Mar-31-03	7.300%	TX - 80.00%	Paid Off - 360	Nov-27-02
73626855 1			328,000.00	327,556.35	Mar-26-03	9.950%	CA - 80.00%	Paid Off - 360	Dec-02-02
73641086 1			97,600.00	97,491.84	Mar-24-03	8.950%	TX - 80.00%	Paid Off - 360	Dec-18-02
73669871 1			261,800.00	261,356.68	Mar-12-03	6.850%	MO - 85.00%	Paid Off - 360	Dec-12-02
73683013 1			273,750.00	273,244.01	Mar-18-03	6.400%	CO - 75.00%	Paid Off - 360	Dec-09-02
74146309 1			120,000.00	119,797.78	Mar-11-03	6.875%	WA - 63.16%	Paid Off - 360	Dec-24-02
74148610 1			80,000.00	79,924.25	Mar-11-03	9.700%	CA - 28.57%	Paid Off - 360	Dec-23-02
74182593 1			112,000.00	111,920.62	Mar-04-03	11.050%	NJ - 80.00%	Paid Off - 360	Dec-19-02
44738508 2			400,000.00	398,308.61	Mar-31-03	6.900%	CO - 72.74%	Paid Off - 360	Sep-30-02
44762680 2			24,500.00	24,281.47	Mar-17-03	11.000%	CO - 90.00%	Paid Off - 180	Oct-15-02
73540338 2			35,200.00	34,993.64	Mar-24-03	9.750%	WA - 100.00%	Paid Off - 240	Oct-21-02
73549800 2			70,000.00	69,670.66	Mar-12-03	10.990%	CA - 100.00%	Paid Off - 240	Oct-25-02
73561870 2			471,398.00	469,488.93	Mar-31-03	6.125%	AZ - 80.00%	Paid Off - 360	Oct-30-02
73564387 2			54,000.00	53,507.14	Mar-26-03	10.750%	TX - 100.00%	Paid Off - 180	Oct-31-02
73566325 2			400,000.00	398,583.51	Mar-11-03	6.650%	CO - 88.89%	Paid Off - 360	Oct-31-02
73570780 2			16,200.00	16,052.13	Mar-12-03	10.750%	TX - 90.00%	Paid Off - 180	Oct-31-02
73572448 2			336,000.00	334,611.42	Mar-06-03	6.375%	CO - 80.00%	Paid Off - 360	Nov-01-02
73579286 2			75,000.00	74,728.91	Mar-12-03	10.750%	CA - 20.00%	Paid Off - 240	Nov-07-02
73593840 2			63,500.00	63,270.47	Mar-04-03	10.750%	AZ - 100.00%	Paid Off - 240	Nov-18-02
73596132 2			50,250.00	50,068.38	Mar-03-03	10.750%	CA - 15.00%	Paid Off - 240	Nov-19-02
73603136 2			328,172.00	327,087.41	Mar-07-03	5.490%	CA - 80.00%	Paid Off - 360	Nov-22-02
73603144 2			82,043.00	81,746.48	Mar-07-03	10.750%	CA - 20.00%	Paid Off - 240	Nov-22-02
73608507 2			516,000.00	514,900.36	Mar-13-03	7.750%	CA - 80.00%	Paid Off - 360	Nov-25-02

					Page 23 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for April 25, 2003 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution



Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date

73608515 2			64,500.00	64,266.87	Mar-13-03	10.750%	CA - 90.00%	Paid Off - 240	Nov-25-02
73621674 2			76,161.00	75,592.34	Mar-21-03	9.750%	CA - 94.85%	Paid Off - 180	Nov-27-02
73635393 2			348,000.00	347,113.53	Mar-17-03	6.850%	CA - 80.00%	Paid Off - 360	Dec-06-02
73651226 2			65,000.00	64,844.09	Mar-12-03	10.750%	CA - 20.00%	Paid Off - 240	Dec-19-02
73676454 2			492,000.00	491,158.66	Mar-03-03	6.800%	CA - 80.00%	Paid Off - 360	Dec-12-02
74046566 2			73,000.00	72,736.17	Mar-26-03	10.750%	CA - 100.00%	Paid Off - 240	Dec-10-02
74145145 2			540,890.00	540,108.46	Mar-31-03	7.650%	CO - 80.00%	Paid Off - 360	Dec-17-02
74145152 2			100,000.00	99,796.55	Mar-31-03	11.990%	CO - 94.79%	Paid Off - 240	Dec-17-02
74221474 2			62,250.00	62,175.67	Mar-05-03	10.750%	TX - 95.00%	Paid Off - 240	Jan-13-03
74225384 2			39,000.00	38,959.22	Mar-03-03	11.750%	WA - 100.00%	Paid Off - 240	Jan-22-03


					Page 24 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates

	Realized Loss Report for April 25, 2003 Distribution


	Realized Loss Report - Collateral


COLLATERAL REALIZED LOSSES						GROUP II	GROUP I	TOTAL

	*Current*
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-	-	-
	Net Liquidation Proceeds					-	-	-

	*Cumulative*
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-	-	-
	Net Liquidation Proceeds					-	-	-

	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.


	Cumulative Loss Percentage							0.000000%

	Current Loan Level losses in Current Period							0.00
	Current Recoveries or Losses from Prior Periods							0.00
	Current Total Losses							0.00


	Group I						3 Months Moving Average
	Group II

Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation


				Page 25 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates

	Realized Loss Report for April 25, 2003 Distribution


	Realized Loss Report - Collateral


DEFAULT SPEEDS						GROUP II	GROUP I	TOTAL

	MDR					0.00%	0.00%	0.00%
	3 Months Avg MDR
	12 Months Avg MDR
	Avg MDR Since Cut-off					0.00%	0.00%	0.00%

	CDR					0.00%	0.00%	0.00%
	3 Months Avg CDR
	12 Months Avg CDR
	Avg CDR Since Cut-off					0.00%	0.00%	0.00%

	SDA					0.00%	0.00%	0.00%
	3 Months Avg SDA Approximation
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation					0.00%	0.00%	0.00%

	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off

	Group I
	Group II
CDR by Groups					Total CDR


SDA by Groups					Total SDA


				Page 26 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates

	Realized Loss Report for April 25, 2003 Distribution


	Realized Loss Report - Collateral

	Group I
	Group II

CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off


SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off


COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) .......(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
Dates correspond to distribution dates.

				Page 27 of 29				© COPYRIGHT 2003 Deutsche Bank


	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates

	Realized Loss Detail Report for April 25, 2003 Distribution


	Realized Loss Detail Report - Loans Liquidated During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 0						Loan Group 1 = Group I Group
Total Original Principal Balance = 0.00						Loan Group 2 = Group II Group
Total Prior Principal Balance = 0.00
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.

Loan Number			Original	Prior		Current	State &
&		Loan	Principal	Principal	Realized	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Balance	Loss/(Gain)	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK


					Page 28 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-1
	Mortgage Pass-Through Certificates

	Triggers, Adj. Rate Cert. and Miscellaneous Report for April 25, 2003 Distribution


	Triggers, Adj. Rate Cert. and Miscellaneous Report


TRIGGER EVENTS						GROUP II	GROUP I	TOTAL

	Trigger Event in effect							No
	Stepdown Date has occurred							No

	Balances 60+ days							411,635.18
	Beginning Pool Balance							1,991,305,949.45
	Delinquency Percentage							0.02%
	Cumulative Loss Percentage							0.000000%
	Credit Enhancement Percentage							13.056758%


ADJUSTABLE RATE CERTIFICATE INFORMATION						GROUP II	GROUP I	TOTAL

	NET WAC CARRYOVER AMOUNTS
	Class A-1							0.00
	Class A-2							0.00


	Class I-A next Pass-through-Rate							1.460000%
	Class II-A next Pass-through-Rate							1.720000%


ADDITIONAL INFORMATION						GROUP II	GROUP I	TOTAL

	Libor for Current Period							1.305000%
	Libor Date for Current Period							Mar-21-2003

	Libor for Next Period							1.320000%
	Libor Date for Next Period							Apr-23-2003

	Reserve Fund Balance							1,000.00
	Guarantor Deficiency Amount							0.00
	Guarantor Reimbursement Amount							0.00
	Payments Received from the Guarantor							0.00

	Master Servicer Prepayment Charges							0.00



				Page 29 of 29				© COPYRIGHT 2003 Deutsche Bank

LONG BEACH SECURITIES CORP ASSET BACKED CERT SERIES 2003-1 8-K