

                           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):  August 25, 2003


                            LONG BEACH SECURITIES CORP
           (as depositor, Long Beach Mortgage Company, as Master Servicer,
              and Deutsche Bank National Trust Company, as Trustee).

                              LONG BEACH LOAN 2003-2
            (Exact name of Registrant as specified in its Charter)


                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-90550-05                          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
     August 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 April 1,2003.


          Date:  Aug 28, 2003     By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President

                                   EXHIBIT INDEX

          DOCUMENT

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


	Long Beach Mortgage Loan Trust 2003-2
	Mortgage Pass-Through Certificates


	August 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:		Long Beach Mortgage Corp.					Cut-Off Date: April 1, 2003
	Certificate Insurer(s):							Closing Date: April 4, 2003
								First Payment Date: May 27, 2003
	Servicer(s):		Washington Mutual Bank Master Servicer


								Distribution Date: August 25, 2003
	Underwriter(s):		Greenwich Capital Markets Co-Lead Underwriter					Record Date: August 22, 2003
			Banc One Capital Markets Co-Lead Underwriter					July 31, 2003






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

AF	STEP	50,000,000.00			47,957,725.71	143,873.18	661,911.96	805,785.14	-	-	47,295,813.75
AV	FLT	695,730,000.00			671,008,831.35	820,494.69	18,858,659.47	19,679,154.16	-	-	652,150,171.88
M-1	MEZ	61,600,000.00			61,600,000.00	101,845.33	-	101,845.33	-	-	61,600,000.00
M-2	MEZ	50,490,000.00			50,490,000.00	130,432.50	-	130,432.50	-	-	50,490,000.00
M-3	MEZ	10,190,000.00			10,190,000.00	29,395.32	-	29,395.32	-	-	10,190,000.00
M-4	MEZ	13,430,000.00			13,430,000.00	44,524.18	-	44,524.18	-	-	13,430,000.00
M-5	MEZ	9,730,000.00			9,730,000.00	40,636.26	-	40,636.26	-	-	9,730,000.00
S-1	IO	6,500,000.00			6,500,000.00	23,020.83	-	23,020.83	-	-	6,500,000.00
S-2	IO	143,500,000.00			143,500,000.00	508,229.17	-	508,229.17	-	-	143,500,000.00
LT3-C		35,200,850.24			35,202,096.11	3,985,506.93	-	3,985,506.93	-	-	35,202,096.11
LT3-P		100.00			100.00	275,658.00	-	275,658.00	-	-	100.00
R-3	R	-			-	-	-	-	-	-	-


Total		1,076,370,950.24			1,049,608,753.17	6,103,616.39	19,520,571.43	25,624,187.82	-	-	1,030,088,181.74


	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)

AF				F-30/360	542514DQ4	50,000,000.00	959.154514	2.877464	13.238239	16.115703	945.916275
AV	07/25/03	08/24/03		A-Act/360	542514DS0	695,730,000.00	964.467295	1.179329	27.106290	28.285620	937.361005
M-1	07/25/03	08/24/03		A-Act/360	542514DU5	61,600,000.00	1,000.000000	1.653333	-	1.653333	1,000.000000
M-2	07/25/03	08/24/03		A-Act/360	542514DV3	50,490,000.00	1,000.000000	2.583333	-	2.583333	1,000.000000
M-3	07/25/03	08/24/03		A-Act/360	542514DW1	10,190,000.00	1,000.000000	2.884722	-	2.884722	1,000.000000
M-4	07/25/03	08/24/03		A-Act/360	542514DX9	13,430,000.00	1,000.000000	3.315278	-	3.315278	1,000.000000
M-5	07/25/03	08/24/03		A-Act/360	542514DY7	9,730,000.00	1,000.000000	4.176388	-	4.176388	1,000.000000
S-1				A-30/360	542514DR2	6,500,000.00	1,000.000000	3.541666	-	3.541666	1,000.000000
S-2				A-30/360	542514DT8	143,500,000.00	1,000.000000	3.541667	-	3.541667	1,000.000000
LT3-C				-		35,200,850.24	1,000.035393	113.221894	-	113.221894	1,000.035393
LT3-P				-		100.00	1,000.000000	2,756,580.000000	-	2,756,580.000000	1,000.000000
R-3				-	LB0302303	-	-	-	-	-	-


							Page 2 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-2
	Mortgage Pass-Through Certificates
	REMIC III Series 2003-2
	Certificate Payment Report for August 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)

AF	50,000,000.00		588,158.26		2,456,334.58	247,851.67	2,704,186.25	3,292,344.51	-	-	47,295,813.75
AV	695,730,000.00		4,159,845.80		41,053,018.60	2,526,809.52	43,579,828.12	47,739,673.92	-	-	652,150,171.88
M-1	61,600,000.00		495,520.66		-	-	-	495,520.66	-	-	61,600,000.00
M-2	50,490,000.00		622,752.08		-	-	-	622,752.08	-	-	50,490,000.00
M-3	10,190,000.00		139,852.09		-	-	-	139,852.09	-	-	10,190,000.00
M-4	13,430,000.00		210,992.77		-	-	-	210,992.77	-	-	13,430,000.00
M-5	9,730,000.00		191,513.43		-	-	-	191,513.43	-	-	9,730,000.00
S-1	6,500,000.00		92,083.32		-	-	-	92,083.32	-	-	6,500,000.00
S-2	143,500,000.00		2,032,916.68		-	-	-	2,032,916.68	-	-	143,500,000.00
LT3-C	35,200,850.24		15,138,165.49		-	-	-	15,138,165.49	-	1,245.87	35,202,096.11
LT3-P	100.00		505,719.58		-	-	-	505,719.58	-	-	100.00
R-3	-		-		-	-	-	-	-	-	-


Total	1,076,370,950.24		24,177,520.16		43,509,353.18	2,774,661.19	46,284,014.37	70,461,534.53	-	1,245.87	1,030,088,181.74


	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)

AF	3.60000%	47,957,725.71			143,873.18	-	-	-	143,873.18	143,873.18	-
AV	1.42000%	671,008,831.35			820,494.69	-	-	-	820,494.69	820,494.69	-
M-1	1.92000%	61,600,000.00			101,845.33	-	-	-	101,845.33	101,845.33	-
M-2	3.00000%	50,490,000.00			130,432.50	-	-	-	130,432.50	130,432.50	-
M-3	3.35000%	10,190,000.00			29,395.32	-	-	-	29,395.32	29,395.32	-
M-4	3.85000%	13,430,000.00			44,524.18	-	-	-	44,524.18	44,524.18	-
M-5	4.85000%	9,730,000.00			40,636.26	-	-	-	40,636.26	40,636.26	-
S-1	4.25000%	6,500,000.00			23,020.83	-	-	-	23,020.83	23,020.83	-
S-2	4.25000%	143,500,000.00			508,229.17	-	-	-	508,229.17	508,229.17	-
LT3-C		35,202,096.11			3,985,506.93	-	-	-	3,985,506.93	3,985,506.93	-
LT3-P		100.00			275,658.00	-	-	-	275,658.00	275,658.00	-
R-3		-			-	-	-	-	-	-	-


Total		1,049,608,753.17			6,103,616.39	-	-	-	6,103,616.39	6,103,616.39	-


							Page 3 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-2
	Mortgage Pass-Through Certificates
	REMIC CX Series 2003-2
	Certificate Payment Report for August 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	35,200,850.24			35,202,096.11	3,985,506.93	-	3,985,506.93	-	-	35,202,096.11
R-CX	R	-			-	-	-	-	-	-	-


Total		35,200,850.24			35,202,096.11	3,985,506.93	-	3,985,506.93	-	-	35,202,096.11


	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				-	LB0302301	35,200,850.24	1,000.035393	113.221894	-	113.221894	1,000.035393
R-CX				-	LB0302304	-	-	-	-	-	-


							Page 4 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-2
	Mortgage Pass-Through Certificates
	REMIC CX Series 2003-2
	Certificate Payment Report for August 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	35,200,850.24		15,138,165.49		-	-	-	15,138,165.49	-	1,245.87	35,202,096.11
R-CX	-		-		-	-	-	-	-	-	-


Total	35,200,850.24		15,138,165.49		-	-	-	15,138,165.49	-	1,245.87	35,202,096.11


	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		35,202,096.11			3,985,506.93	-	-	-	3,985,506.93	3,985,506.93	-
R-CX		-			-	-	-	-	-	-	-


Total		35,202,096.11			3,985,506.93	-	-	-	3,985,506.93	3,985,506.93	-


							Page 5 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-2
	Mortgage Pass-Through Certificates
	REMIC PX Series 2003-2
	Certificate Payment Report for August 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	275,658.00	-	275,658.00	-	-	100.00
R-PX	R	-			-	-	-	-	-	-	-


Total		100.00			100.00	275,658.00	-	275,658.00	-	-	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				-	LB0302302	100.00	1,000.000000	2,756,580.000000	-	2,756,580.000000	1,000.000000
R-PX				-	LB0302305	-	-	-	-	-	-


							Page 6 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-2
	Mortgage Pass-Through Certificates
	REMIC PX Series 2003-2
	Certificate Payment Report for August 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		505,719.58		-	-	-	505,719.58	-	-	100.00
R-PX	-		-		-	-	-	-	-	-	-


Total	100.00		505,719.58		-	-	-	505,719.58	-	-	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			275,658.00	-	-	-	275,658.00	275,658.00	-
R-PX		-			-	-	-	-	-	-	-


Total		100.00			275,658.00	-	-	-	275,658.00	275,658.00	-


							Page 7 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Collection Account Report for August 25, 2003 Distribution


	Collection Account Report


SUMMARY						GROUP II	GROUP I	TOTAL

	Principal Collections					18,858,659.47	661,911.96	19,520,571.43

	TOTAL NET PRINCIPAL					18,858,659.47	661,911.96	19,520,571.43

	Interest Collections					5,685,694.75	403,622.63	6,089,317.38
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					269,863.14	5,794.86	275,658.00
	Interest Fees					(240,254.97)	(21,104.02)	(261,358.99)

	TOTAL NET INTEREST					5,715,302.92	388,313.47	6,103,616.39

	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION					24,573,962.39	1,050,225.43	25,624,187.82


PRINCIPAL - COLLECTIONS						GROUP II	GROUP I	TOTAL

	Scheduled Principal					623,315.13	61,900.08	685,215.21
	Prepayments In Full					18,014,186.48	409,976.60	18,424,163.08
	Curtailments					221,157.86	190,035.28	411,193.14
	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					(165,088.25)	(9,185.18)	(174,273.43)
	Advanced Principal					165,088.25	9,185.18	174,273.43

	TOTAL PRINCIPAL COLLECTED					18,858,659.47	661,911.96	19,520,571.43


				Page 8 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Collection Account Report for August 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					5,796,820.29	407,748.36	6,204,568.65
	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					0.00	(86.51)	(86.51)
	Prepayment Interest Shortfalls					(56,260.43)	(1,095.65)	(57,356.08)
	Compensating Interest					56,260.43	1,095.65	57,356.08
	Delinquent Interest					(2,014,970.23)	(72,339.29)	(2,087,309.52)
	Interest Advanced					1,903,844.69	68,300.07	1,972,144.76

	TOTAL INTEREST COLLECTED					5,685,694.75	403,622.63	6,089,317.38


				Page 9 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Collection Account Report for August 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					269,863.14	5,794.86	275,658.00



	TOTAL INTEREST OTHER ACCOUNTS					269,863.14	5,794.86	275,658.00


INTEREST - FEES						GROUP II	GROUP I	TOTAL

	Current Servicing Fees					238,680.84	20,991.38	259,672.22
	Trustee Fee					1,574.13	112.64	1,686.77

	TOTAL INTEREST OTHER FEES					240,254.97	21,104.02	261,358.99


				Page 10 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Credit Enhancement Report for August 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							35,202,096.11
	Current Period Losses							0.00
	Overcollateralized Amount - After Current Losses							35,202,096.11

	Overcollateralization Increase Amount							0.00
	Overcollateralization Reduction Amount							0.00
	Overcollateralized Amount - Ending							35,202,096.11

	OC Deficiency Amount - Ending							0.00
	Required Overcollateralized Amount							35,202,096.11


				Page 11 of 29				© COPYRIGHT 2003 Deutsche Bank
	Long Beach Mortgage Loan Trust 2003-2
	Mortgage Pass-Through Certificates

	Collateral Report for August 25, 2003 Distribution


	Collateral Report


COLLATERAL						GROUP II	GROUP I	TOTAL
	Loan Count:
	*Original*					4559	482	5041
	Prior					4,467	471	4,938
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(66)	(4)	(70)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					4,401	467	4,868

	*Principal Balance:*
	Original					864,255,399.16	62,115,551.08	926,370,950.24
	Prior					839,535,308.09	60,073,445.08	899,608,753.17
	Prefunding					-	-	-
	Scheduled Principal					(623,315.13)	(61,900.08)	(685,215.21)
	Partial and Full Voluntary Prepayments					(18,235,344.34)	(600,011.88)	(18,835,356.22)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					820,676,648.62	59,411,533.12	880,088,181.74

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 August 25, 2003 Distribution


	Collateral Report


CHARACTERISTICS						GROUP II	GROUP I	TOTAL

	Weighted Average Coupon Original					8.276997%	8.130950%	8.267204%
	Weighted Average Coupon Prior					8.283712%	8.137676%	8.273909%
	Weighted Average Coupon Current					8.285756%	8.144997%	8.276356%
	Weighted Average Months to Maturity Original					351	323	349
	Weighted Average Months to Maturity Prior					349	320	347
	Weighted Average Months to Maturity Current					348	318	346
	Weighted Avg Remaining Amortization Term Original					350	322	349
	Weighted Avg Remaining Amortization Term Prior					348	320	346
	Weighted Avg Remaining Amortization Term Current					347	318	345
	Weighted Average Seasoning Original					2.98	2.92	2.98
	Weighted Average Seasoning Prior					4.98	4.92	4.98
	Weighted Average Seasoning Current					5.98	5.92	5.97

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 August 25, 2003 Distribution


	Collateral Report


ARM CHARACTERISTICS						GROUP II	GROUP I	TOTAL

	Weighted Average Margin Original					4.446%
	Weighted Average Margin Prior					4.443%
	Weighted Average Margin Current					4.442%
	Weighted Average Max Rate Original					13.144%	8.093%
	Weighted Average Max Rate Prior					13.142%	8.099%
	Weighted Average Max Rate Current					13.140%	8.105%
	Weighted Average Min Rate Original					6.759%
	Weighted Average Min Rate Prior					6.755%
	Weighted Average Min Rate Current					6.752%
	Weighted Average Cap Up Original					0.810%
	Weighted Average Cap Up Prior					0.808%
	Weighted Average Cap Up Current					0.807%
	Weighted Average Cap Down Original					0.810%
	Weighted Average Cap Down Prior					0.808%
	Weighted Average Cap Down Current					0.807%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES						GROUP II	GROUP I	TOTAL

	Current Servicing Fees					238,680.84	20,991.38	259,672.22
	Delinquent Servicing Fees					111,125.54	4,039.22	115,164.76
	TOTAL SERVICING FEES					349,806.38	25,030.60	374,836.98


	Compensating Interest					(56,260.43)	(1,095.65)	(57,356.08)
	Delinquent Servicing Fees					(111,125.54)	(4,039.22)	(115,164.76)
	COLLECTED SERVICING FEES					182,420.41	19,895.73	202,316.14
	Total Advances					2,068,932.94	77,485.25	2,146,418.19

	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
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	Delinquency Report for August 25, 2003 Distribution


	Delinquency Report - Total


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			21,589,650.67	7,313,594.09	3,034,564.14	31,937,808.90
		% Balance			2.45%	0.83%	0.34%	3.63%
		# Loans			137	49	22	208
		% # Loans			2.81%	1.01%	0.45%	4.27%
FORECLOSURE		Balance		-	-	217,699.63	4,890,236.41	5,107,936.04
		% Balance		0.00%	0.00%	0.02%	0.56%	0.58%
		# Loans		-	-	2	26	28
		% # Loans		0.00%	0.00%	0.04%	0.53%	0.58%
BANKRUPTCY		Balance		2,175,828.39	246,161.02	916,806.02	23,800.19	3,362,595.62
		% Balance		0.25%	0.03%	0.10%	0.00%	0.38%
		# Loans		12	4	7	1	24
		% # Loans		0.25%	0.08%	0.14%	0.02%	0.49%
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		2,175,828.39	21,835,811.69	8,448,099.74	7,948,600.74	40,408,340.56
		% Balance		0.25%	2.48%	0.96%	0.90%	4.59%
		# Loans		12	141	58	49	260
		% # Loans		0.25%	2.90%	1.19%	1.01%	5.34%
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
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	Delinquency Report for August 25, 2003 Distribution


	Delinquency Report - Group I Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			420,580.67	-	99,267.38	519,848.05
		% Balance			0.71%	0.00%	0.17%	0.87%
		# Loans			7	-	1	8
		% # Loans			1.50%	0.00%	0.21%	1.71%
FORECLOSURE		Balance		-	-	140,276.21	59,072.69	199,348.90
		% Balance		0.00%	0.00%	0.24%	0.10%	0.34%
		# Loans		-	-	1	1	2
		% # Loans		0.00%	0.00%	0.21%	0.21%	0.43%
BANKRUPTCY		Balance		125,383.13	-	-	23,800.19	149,183.32
		% Balance		0.21%	0.00%	0.00%	0.04%	0.25%
		# Loans		1	-	-	1	2
		% # Loans		0.21%	0.00%	0.00%	0.21%	0.43%
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		125,383.13	420,580.67	140,276.21	182,140.26	868,380.27
		% Balance		0.21%	0.71%	0.24%	0.31%	1.46%
		# Loans		1	7	1	3	12
		% # Loans		0.21%	1.50%	0.21%	0.64%	2.57%
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
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	Delinquency Report for August 25, 2003 Distribution


	Delinquency Report - Group II Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			21,169,070.00	7,313,594.09	2,935,296.76	31,417,960.85
		% Balance			2.58%	0.89%	0.36%	3.83%
		# Loans			130	49	21	200
		% # Loans			2.95%	1.11%	0.48%	4.54%
FORECLOSURE		Balance		-	-	77,423.42	4,831,163.72	4,908,587.14
		% Balance		0.00%	0.00%	0.01%	0.59%	0.60%
		# Loans		-	-	1	25	26
		% # Loans		0.00%	0.00%	0.02%	0.57%	0.59%
BANKRUPTCY		Balance		2,050,445.26	246,161.02	916,806.02	-	3,213,412.30
		% Balance		0.25%	0.03%	0.11%	0.00%	0.39%
		# Loans		11	4	7	-	22
		% # Loans		0.25%	0.09%	0.16%	0.00%	0.50%
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		2,050,445.26	21,415,231.02	8,307,823.53	7,766,460.48	39,539,960.29
		% Balance		0.25%	2.61%	1.01%	0.95%	4.82%
		# Loans		11	134	57	46	248
		% # Loans		0.25%	3.04%	1.30%	1.05%	5.64%
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
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	REO Report for August 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
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	Foreclosure Report for August 25, 2003 Distribution


	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 6				Loan Group 1 = Group I Group
Total Original Principal Balance = 930,675.00				Loan Group 2 = Group II Group
Total Current Balance = 927,178.67


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

74350380 1		140,600.00	140,276.21	Apr-01-03	8.800%	FL - 95.00%	360	Mar-13-03
73612418 2		110,500.00	110,093.06	Feb-01-03	9.950%	LA - 85.00%	360	Nov-26-02
74227232 2		352,000.00	350,327.36	Mar-01-03	7.250%	UT - 80.00%	360	Jan-17-03
74286261 2		60,775.00	60,663.44	Mar-01-03	10.950%	AL - 85.00%	360	Feb-20-03
74303546 2		189,000.00	188,395.18	Mar-01-03	8.300%	WA - 90.00%	360	Feb-19-03
74376732 2		77,800.00	77,423.42	Apr-01-03	10.750%	UT - 20.00%	240	Mar-13-03


				Page 19 of 29				© COPYRIGHT 2003 Deutsche Bank
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	Prepayment Report for August 25, 2003 Distribution


	Prepayment Report - Voluntary Prepayments

LONG BEACH LOAN 2003-2 8-K