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): ~~October~~November 2725, 2003 MORGAN STANLEY ABS CAPITAL I INC. (as Depositor, Ocwen Federal Bank FSB as Servicer, CDC Mortgage as Unaffiliated Seller and Deutsche Bank National Trust Company, as Trustee). MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2003-HE2 (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-104046-03 13-3939229 (Commission File Number) (I.R.S. Employer Identification No.) 1585 BROADWAY, 2ND FLOOR NEW YORK, NEW YORK 10036 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (212) 761-4000 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 ~~October~~November 2725, 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 May 1,2003.. Date: ~~Oct~~Nov 2926, 2003 By: /s/ Katherine M. Wannenmacher Katherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of ~~October~~November 2725, 2003.

	CDC Mortgage Capital Trust 2003-HE2
	Mortgage Pass-Through Certificates
	October 27, 2003 Distribution
	November 25, 2003 Distribution
	Contents
			TABLE OF CONTENTS
								Page
			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				4
			4.	Credit Enhancement Report				7
			5.	Collateral Report				8
			6.	Delinquency Report				11
			7.	REO Report				12
			8.	Foreclosure Report				13
			9.	Prepayment Report				15
			10.	Prepayment Detail Report				18
			11.	Realized Loss Report				20
			12.	Realized Loss Detail Report				23
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				24
				Total Number of Pages				24
			CONTACTS
				Administrator: Jeremy Conyers
				Direct Phone Number: (714)247-6274
				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:		CDC Mortgage Capital					Cut-Off Date: May 1, 2003
	Certificate Insurer(s):							Closing Date: May 29, 2003
								First Payment Date: June 25, 2003
	Servicer(s):		Ocwen Federal Master Servicer
								Distribution Date: October 27, 2003
								Distribution Date: November 25, 2003
	Underwriter(s):		Morgan Stanley Dean Witter					Record Date: ~~October~~November 24, 2003
						Page 1 of 24					© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE2
	Mortgage Pass-Through Certificates
	REMIC II Series 2003-HE2
	Certificate Payment Report for October 27, 2003 Distribution
	Certificate Payment Report for November 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	FLT	557,072,000.00			~~528~~517,~~663~~130,~~280~~516.27	~~690~~612,~~786~~368.6972	1115,~~532~~133,~~764~~325.0025	1215,~~223~~745,~~550~~693.6997	-	-	~~517~~501,~~130~~997,~~516~~191.2702
M-1	MEZ	41,137,000.00			41,136,593.32	7063,~~206~~624.4560	-	7063,~~206~~624.4560	-	-	41,136,593.32
M-2	MEZ	37,710,000.00			37,709,627.20	~~101~~91,~~229~~739.4014	-	~~101~~91,~~229~~739.4014	-	-	37,709,627.20
M-3	MEZ	11,998,000.00			11,997,881.39	3532,~~407~~087.0867	-	3532,~~407~~087.0867	-	-	11,997,881.39
B-1	SUB	10,285,000.00			10,284,898.32	4137,~~322~~448.4446	-	4137,~~322~~448.4446	-	-	10,284,898.32
B-2	SUB	7,884,000.00			7,883,922.06	3430,~~128~~929.6206	-	3430,~~128~~929.6206	-	-	7,883,922.06
B-3	SUB	8,914,000.00			8,913,911.88	3834,~~587~~969.3377	-	3834,~~587~~969.3377	-	-	8,913,911.88
X	SUB	10,627,122.00			10,627,221.94	3,~~050~~086,~~588~~138.3382	-	3,~~050~~086,~~588~~138.3382	-	-	10,627,221.94
P	EXE	100.00			-	~~390~~335,~~019~~095.9926	-	~~390~~335,~~019~~095.9926	-	-	-
R	R	-			-	-	-	-	-	-	-
Total		685,627,222.00			~~657~~645,~~217~~684,~~336~~572.36	4,~~452~~324,~~276~~401.3350	1115,~~532~~133,~~764~~325.0025	1519,~~985~~457,~~040~~726.3375	-	-	~~645~~630,~~684~~551,~~572~~247.3611
	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	0910/2527/03	1011/2624/03		A-Act/360	12506YBD0	557,072,000.00	~~949~~928.~~003505~~301039	1.~~240031~~099263	2027.~~702466~~165834	2128.~~942497~~265097	~~928~~901.~~301039~~135205
M-1	0910/2527/03	1011/2624/03		A-Act/360	12506YBE8	41,137,000.00	999.990114	1.~~706650~~546651	-	1.~~706650~~546651	999.990114
M-2	0910/2527/03	1011/2624/03		A-Act/360	12506YBF5	37,710,000.00	999.990114	2.~~684418~~432754	-	2.~~684418~~432754	999.990114
M-3	0910/2527/03	1011/2624/03		A-Act/360	12506YBG3	11,998,000.00	999.990114	2.~~951082~~674418	-	2.~~951082~~674418	999.990114
B-1	0910/2527/03	1011/2624/03		A-Act/360	12506YBH1	10,285,000.00	999.990114	43.~~017738~~641075	-	43.~~017738~~641075	999.990114
B-2	0910/2527/03	1011/2624/03		A-Act/360	12506YBJ7	7,884,000.00	999.990114	43.~~328846~~923016	-	43.~~328846~~923016	999.990114
B-3	0910/2527/03	1011/2624/03		A-Act/360	12506YBK4	8,914,000.00	999.990114	43.~~328846~~923017	-	43.~~328846~~923017	999.990114
X				A-Act/360		10,627,122.00	6261,~~843~~758.~~407491~~187617	~~287~~290.~~056865~~402126	-	~~287~~290.~~056865~~402126	6160,~~758~~334.~~187617~~159055
P				-		100.00	-	3,~~900~~350,~~199~~952.~~900000~~600000	-	3,~~900~~350,~~199~~952.~~900000~~600000	-
R				-		-	-	-	-	-	-
							Page 2 of 24				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE2
	Mortgage Pass-Through Certificates
	REMIC II Series 2003-HE2
	Certificate Payment Report for October 27, 2003 Distribution
	Certificate Payment Report for November 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	557,072,000.00		34,~~392~~005,~~677~~045.1486		-	3955,~~941~~074,~~483~~808.7398	3955,~~941~~074,~~483~~808.7398	4359,~~334~~079,~~160~~854.8784	-	-	~~517~~501,~~130~~997,~~516~~191.2702
M-1	41,137,000.00		~~333~~397,~~482~~107.5818		-	406.68	406.68	~~333~~397,~~889~~513.2686	-	-	41,136,593.32
M-2	37,710,000.00		~~479~~571,~~690~~429.1933		-	372.81	372.81	~~480~~571,~~063~~802.0014	-	-	37,709,627.20
M-3	11,998,000.00		~~167~~199,~~718~~805.0269		-	118.61	118.61	~~167~~199,~~836~~924.6330	-	-	11,997,881.39
B-1	10,285,000.00		~~195~~232,~~539~~988.9238		-	101.68	101.68	~~195~~233,~~641~~090.6006	-	-	10,284,898.32
B-2	7,884,000.00		~~161~~192,~~465~~394.8490		-	77.94	77.94	~~161~~192,~~543~~472.7884	-	-	7,883,922.06
B-3	8,914,000.00		~~182~~217,~~560~~530.4522		-	88.12	88.12	~~182~~217,~~648~~618.5734	-	-	8,913,911.88
X	10,627,122.00		1417,~~131~~217,~~307~~446.8769		0.00	-	-	1417,~~131~~217,~~307~~446.8769	-	99.94	10,627,221.94
P	100.00		~~466~~801,~~085~~180.4874		100.00	-	100.00	~~466~~801,~~185~~280.4874	-	-	-
R	-		-		-	-	-	-	-	-	-
Total	685,627,222.00		1923,~~510~~834,~~527~~928.4999		100.00	3955,~~942~~075,~~649~~974.5883	3955,~~942~~076,~~749~~074.5883	5978,~~453~~911,~~277~~003.0782	-	99.94	~~645~~630,~~684~~551,~~572~~247.3611
	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	1.47000%	~~528~~517,~~663~~130,~~280~~516.27			~~690~~612,~~786~~368.6972	-	-	-	~~690~~612,~~786~~368.6972	~~690~~612,~~786~~368.6972	-
M-1	1.92000%	41,136,593.32			7063,~~206~~624.4560	-	-	-	7063,~~206~~624.4560	7063,~~206~~624.4560	-
M-2	3.02000%	37,709,627.20			~~101~~91,~~229~~739.4014	-	-	-	~~101~~91,~~229~~739.4014	~~101~~91,~~229~~739.4014	-
M-3	3.32000%	11,997,881.39			3532,~~407~~087.0867	-	-	-	3532,~~407~~087.0867	3532,~~407~~087.0867	-
B-1	4.52000%	10,284,898.32			4137,~~322~~448.4446	-	-	-	4137,~~322~~448.4446	4137,~~322~~448.4446	-
B-2	4.87000%	7,883,922.06			3430,~~128~~929.6206	-	-	-	3430,~~128~~929.6206	3430,~~128~~929.6206	-
B-3	4.87000%	8,913,911.88			3834,~~587~~969.3377	-	-	-	3834,~~587~~969.3377	3834,~~587~~969.3377	-
X	5.57001%	~~667~~656,~~844~~311,~~558~~794.30			3,~~050~~086,~~588~~138.3382	-	-	-	3,~~050~~086,~~588~~138.3382	3,~~050~~086,~~588~~138.3382	-
P		-			~~390~~335,~~019~~095.9926	-	-	-	~~390~~335,~~019~~095.9926	~~390~~335,~~019~~095.9926	-
R		-			-	-	-	-	-	-	-
Total		1,~~314~~291,~~434~~369,~~672~~144.72			4,~~452~~324,~~276~~401.3350	-	-	-	4,~~452~~324,~~276~~401.3350	4,~~452~~324,~~276~~401.3350	-
							Page 3 of 24				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE2
	Mortgage Pass-Through Certificates
	Collection Account Report for October 27, 2003 Distribution
	Collection Account Report for November 25, 2003 Distribution
	Collection Account Report
SUMMARY								TOTAL
	Principal Collections							1115,~~532~~133,~~764~~325.0025
	Principal Other Accounts							0.00
	TOTAL NET PRINCIPAL							1115,~~532~~133,~~764~~325.0025
	Interest Collections							4,~~094~~020,~~836~~734.9089
	Interest Withdrawals							0.00
	Interest Other Accounts							0.00
	Interest Fees							(3231,~~580~~428.5665)
	TOTAL NET INTEREST							43,~~062~~989,~~256~~306.3424
	TOTAL PRINCIPAL & INTEREST DISTRIBUTABLE							1519,~~595~~122,~~020~~631.3449
	Prepayment Premiums Collected							~~390~~335,~~019~~095.9926
	TOTAL FUNDS AVAILABLE FOR DISTRIBUTION							1519,~~985~~457,~~040~~726.3375
PRINCIPAL - COLLECTIONS								TOTAL
	Scheduled Principal Received							~~506~~499,~~687~~601.5819
	Prepayments In Full							1014,~~876~~706,~~557~~019.5386
	Curtailments							~~149~~(72,~~518~~295.8980)
	Liquidations							0.00
	Insurance Principal							0.00
	Repurchased Principal Amounts							0.00
	Other Principal							0.00
	Total Realized Loss Of Principal							0.00
	Delinquent Principal							(~~456~~453,~~766~~128.0773)
	Advanced Principal							~~456~~453,~~766~~128.0773
	TOTAL PRINCIPAL COLLECTED							1115,~~532~~133,~~764~~325.0025
				Page 4 of 24				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE2
	Mortgage Pass-Through Certificates
	Collection Account Report for October 27, 2003 Distribution
	Collection Account Report for November 25, 2003 Distribution
	Collection Account Report
PRINCIPAL - WITHDRAWALS								TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS								TOTAL
SPACE INTENTIONALLY LEFT BLANK
INTEREST - COLLECTIONS								TOTAL
	Scheduled Interest							4,~~338~~260,~~561~~762.4680
	Liquidation Interest							0.00
	Repurchased Interest							0.00
	Insurance Interest							0.00
	Other Interest							0.00
	Relief Act Interest Shortfalls							0.00
	Net Prepayment Interest Shortfalls							0.00
	Delinquent Interest							(3,~~867~~813,~~197~~529.9656)
	Interest Advanced							3,~~623~~573,~~473~~501.4065
	TOTAL INTEREST COLLECTED							4,~~094~~020,~~836~~734.9089
				Page 5 of 24				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE2
	Mortgage Pass-Through Certificates
	Collection Account Report for October 27, 2003 Distribution
	Collection Account Report for November 25, 2003 Distribution
	Collection Account Report
INTEREST - WITHDRAWALS								TOTAL
	Trust Fund Expenses							0.00
	Nonrecoverable Advances							0.00
	Reimbursements to Master Servicer							0.00
	TOTAL INTEREST WITHDRAWALS							0.00
INTEREST - OTHER ACCOUNTS								TOTAL
	Retained Interest Due to Unaffiliated Seller							0.00
	TOTAL INTEREST OTHER ACCOUNTS							0.00
INTEREST - FEES								TOTAL
	Current Servicing Fees							3029,~~115~~007.9933
	Trustee Fee							2,~~464~~421.5732
	Certificate Insurance Fees
	TOTAL INTEREST OTHER FEES							3231,~~580~~428.5665
				Page 6 of 24				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE2
	Mortgage Pass-Through Certificates
	Credit Enhancement Report for October 27, 2003 Distribution
	Credit Enhancement Report for November 25, 2003 Distribution
	Credit Enhancement Report
ACCOUNTS								TOTAL
SPACE INTENTIONALLY LEFT BLANK
INSURANCE								TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES								TOTAL
	Beginning Subordinated Amount							10,627,221.94
	Ending Subordinated Amount							10,627,221.94
	Specified Subordinated Amount							10,627,221.94
	Senior Enhancement Percentage							1920.9139%
				Page 7 of 24				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE2
	Mortgage Pass-Through Certificates
	Collateral Report for October 27, 2003 Distribution
	Collateral Report for November 25, 2003 Distribution
	Collateral Report
COLLATERAL								TOTAL
	Loan Count:
	Original							3162
	Prior							3,~~912~~853
	Prefunding							-
	Scheduled Paid Offs							-
	Full Voluntary Prepayments							(5983)
	Repurchases							-
	Liquidations							-
	Current							3,~~853~~770
	Principal Balance:
	Original							539,281,596.93
	Prior							~~657~~645,~~217~~684,~~336~~572.36
	Prefunding							-
	Scheduled Principal							(~~506~~499,~~687~~601.5819)
	Partial and Full Voluntary Prepayments							(1114,~~026~~633,~~076~~724.4206)
	Repurchases							-
	Liquidations							-
	Current							~~645~~630,~~684~~551,~~572~~247.3611
PREFUNDING								TOTAL
	Prefunding Account - Initial Balance							146,345,625.01
	Prefunding Account - Beginning Balance							0.00
	Prefunding Account - Withdrawls for Subsequent Transfers							0.00
	Prefunding Account - Released as Principal							0.00
	Prefunding Account - Ending Balance							(0.00)
	Capitalized Interest Account - Initial Balance							0.00
	Capitalized Interest Account - Beginning Balance							0.00
	Capitalized Interest Account - Withdrawls							0.00
	Capitalized Interest Account - Interest Earnings							0.00
	Capitalized Interest Account - Ending Balance							0.00
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
				Page 8 of 24				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE2
	Mortgage Pass-Through Certificates
	Collateral Report for October 27, 2003 Distribution
	Collateral Report for November 25, 2003 Distribution
	Collateral Report
CHARACTERISTICS								TOTAL
	Weighted Average Coupon Original							7.927202%
	Weighted Average Coupon Prior							7.~~922998~~921693%
	Weighted Average Coupon Current							7.~~921693~~918596%
	Weighted Average Months to Maturity Original							92
	Weighted Average Months to Maturity Prior							~~344~~343
	Weighted Average Months to Maturity Current							~~343~~342
	Weighted Avg Remaining Amortization Term Original							-
	Weighted Avg Remaining Amortization Term Prior							~~350~~349
	Weighted Avg Remaining Amortization Term Current							~~349~~348
	Weighted Average Seasoning Original							-
	Weighted Average Seasoning Prior							67.2725
	Weighted Average Seasoning Current							78.25
Note: Original information refers to deal issue.
WAC by Groups					Total WAC
WARAT by Groups					Total WARAT
Note: Dates correspond to distribution dates.
				Page 9 of 24				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE2
	Mortgage Pass-Through Certificates
	Collateral Report for October 27, 2003 Distribution
	Collateral Report for November 25, 2003 Distribution
	Collateral Report
ARM CHARACTERISTICS								TOTAL
	Weighted Average Margin Original							4.861%
	Weighted Average Margin Prior							4.~~882~~887%
	Weighted Average Margin Current							4.~~887~~888%
	Weighted Average Max Rate Original							10.631%
	Weighted Average Max Rate Prior							10.~~671~~674%
	Weighted Average Max Rate Current							10.~~674~~667%
	Weighted Average Min Rate Original							5.696%
	Weighted Average Min Rate Prior							5.~~729~~731%
	Weighted Average Min Rate Current							5.~~731~~728%
	Weighted Average Cap Up Original							0.853%
	Weighted Average Cap Up Prior							0.~~859~~857%
	Weighted Average Cap Up Current							0.857%
	Weighted Average Cap Down Original							0.853%
	Weighted Average Cap Down Prior							0.~~859~~857%
	Weighted Average Cap Down Current							0.857%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES								TOTAL
	Current Servicing Fees							3029,~~115~~007.9933
	Delinquent Servicing Fees							~~243~~240,~~724~~027.5691
	TOTAL SERVICING FEES							~~273~~269,~~840~~035.5524
	Prepayment Interest Shortfall							3650,~~966~~185.1508
	Compensating Interest							(3650,~~966~~185.1508)
	Delinquent Servicing Fees							(~~243~~240,~~724~~027.5691)
	COLLECTED SERVICING FEES							3029,~~115~~007.9933
	Aggregate Advances with respect to this Distribution							4,~~080~~026,~~239~~630.4738
	Current Nonrecoverable Advances							0.00
	Cumulative Nonrecoverable Advances							0.00
ADDITIONAL COLLATERAL INFORMATION								TOTAL
	Net Prepayment Interest Shortfall							0.00
	Net Monthly Excess Cash Flow							3,~~050~~086,~~588~~138.3382
	Ending Pool Stated Principal Balance							~~645~~630,~~684~~551,~~572~~247.3611
				Page 10 of 24				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE2
	Mortgage Pass-Through Certificates
	Delinquency Report for October 27, 2003 Distribution
	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			1613,~~588~~296,~~493~~022.6596	31,~~728~~777,~~103~~594.8091	~~837~~727,~~546~~296.9017	2115,~~154~~800,~~144~~914.3504
		% Balance			2.5711%	0.5828%	0.1312%	32.2851%
		# Loans			9584	199	98	~~123~~101
		% # Loans			2.4723%	0.4924%	0.2321%	32.1968%
FORECLOSURE		Balance		24,~~922~~268,~~925~~391.8904	~~955~~1,~~316~~535,259.6199	5,~~127~~566,~~405~~878.3842	613,~~567~~404,~~140~~828.7890	1524,~~572~~775,~~788~~358.6635
		% Balance		0.4568%	0.1524%	0.7988%	12.0213%	23.4193%
		# Loans		1328	68	3236	3266	83138
		% # Loans		0.3474%	0.1621%	0.8395%	01.8375%	23.1566%
BANKRUPTCY		Balance		12,~~953~~345,~~724~~667.9798	~~174,334.91~~-	~~127~~385,~~800~~877.4093	~~253~~169,~~196~~132.6352	2,~~509~~900,~~056~~678.9143
		% Balance		0.3037%	0.0300%	0.0206%	0.0403%	0.3946%
		# Loans		1315	1-	2	23	1820
		% # Loans		0.3440%	0.0300%	0.05%	0.0508%	0.4753%
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		46,~~876~~614,~~650~~059.8602	1714,~~718~~831,~~145~~282.1795	87,~~983~~730,~~309~~351.5826	714,~~657~~301,~~884~~257.3159	3943,~~235~~476,~~989~~950.9282
		% Balance		01.7605%	2.7435%	1.3923%	12.1927%	6.0890%
		# Loans		2643	~~102~~92	5347	4377	~~224~~259
		% # Loans		01.6714%	2.6544%	1.3825%	12.1204%	56.8187%
Note: <1 Payment = 0-30days, 1 Payment = 31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								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 11 of 24				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE2
	Mortgage Pass-Through Certificates
	REO Report for October 27, 2003 Distribution
	REO Report for November 25, 2003 Distribution
	REO Report - Mortgage Loans that Become REO During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Group 1 Group; REO Book Value = 000.00
Total Original Principal Balance = 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 12 of 24				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE2
	Mortgage Pass-Through Certificates
	Foreclosure Report for October 27, 2003 Distribution
	Foreclosure Report for November 25, 2003 Distribution
	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 61				Loan Group 1 = Group 1 Group
Total Loan Count = 58				Loan Group 1 = Group 1 Group
Total Original Principal Balance = 10,128,199.00
Total Original Principal Balance = 9,714,263.00
Total Current Balance = 9,802,498.28
Total Current Balance = 9,667,741.09
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
31946809 1		115,000.00	114,569.70	Jul-01-03	9.875%	MS - 79.31%	360	Jan-06-03
31959661 1		292,500.00	290,226.09	Jul-01-03	6.850%	NY - 75.00%	360	Jan-24-03
31953086 1		88,000.00	87,289.95	Jun-01-03	8.250%	OH - 100.00%	360	Sep-12-02
31960073 1		412,000.00	408,522.73	Jul-01-03	7.490%	VA - 80.00%	360	Nov-18-02
31959588 1		85,000.00	84,509.00	Jun-01-03	7.750%	CO - 70.83%	360	Jan-27-03
31975006 1		209,950.00	208,077.91	Jul-01-03	7.890%	CA - 84.32%	360	Oct-15-02
31960628 1		200,000.00	198,546.73	Jun-01-03	7.750%	CA - 78.43%	360	Nov-07-02
31975550 1		136,000.00	134,980.01	Oct-01-03	7.590%	CA - 80.00%	360	Dec-11-02
31961774 1		238,400.00	236,870.82	Jun-01-03	8.375%	FL - 89.96%	360	Nov-22-02
31975907 1		50,400.00	50,115.93	Oct-01-03	8.480%	MI - 80.00%	360	Jan-16-03
31974959 1		126,750.00	126,180.02	Jun-01-03	8.990%	MN - 75.00%	360	Jan-06-03
31977325 1		109,250.00	108,751.32	Jul-01-03	9.740%	MD - 89.99%	360	Jan-10-03
31975063 1		203,750.00	202,284.38	Jun-01-03	7.250%	CA - 76.89%	360	Dec-26-02
31995541 1		189,750.00	188,621.82	Jul-01-03	8.750%	NJ - 75.00%	360	Dec-23-02
31978455 1		155,500.00	154,701.83	Jun-01-03	8.750%	IL - 81.84%	360	Jan-24-03
31997935 1		182,750.00	181,936.26	Sep-01-03	9.625%	FL - 85.00%	360	Jan-27-03
31995954 1		282,500.00	280,658.52	Sep-01-03	7.750%	WA - 100.00%	360	Dec-20-02
31998784 1		197,600.00	196,463.19	Aug-01-03	8.375%	CA - 80.00%	360	Jan-27-03
31996382 1		63,000.00	61,812.94	Jun-01-03	8.950%	MO - 69.23%	360	Nov-14-02
32061863 1		95,000.00	94,427.74	Jul-01-03	7.950%	CA - 63.33%	360	Feb-19-03
31996465 1		346,800.00	345,163.95	Aug-01-03	8.750%	ME - 80.00%	360	Jan-06-03
32062572 1		68,250.00	68,034.90	Jul-01-03	10.700%	IL - 65.00%	360	Feb-24-03
31997638 1		199,200.00	198,105.43	Jun-01-03	8.000%	FL - 80.00%	360	Jan-29-03
32063265 1		258,750.00	257,377.70	Jun-01-03	8.250%	NJ - 75.00%	360	Feb-24-03
31997893 1		159,900.00	158,953.24	Jun-01-03	7.625%	FL - 79.99%	360	Jan-29-03
32063414 1		250,000.00	248,680.30	Jul-01-03	8.200%	WA - 75.76%	360	Feb-21-03
31998313 1		180,000.00	179,158.81	Jun-01-03	8.125%	NC - 80.00%	360	Feb-13-03
32063547 1		106,500.00	105,997.09	Jul-01-03	8.750%	MO - 83.20%	360	Feb-24-03
32055170 1		117,000.00	116,115.56	Jun-01-03	7.940%	FL - 90.00%	360	Jan-09-03
32063836 1		202,400.00	201,276.62	Aug-01-03	7.950%	FL - 80.00%	360	Feb-28-03
32055501 1		150,000.00	-	Oct-01-03	6.750%	CA - 66.67%	360	Jan-16-03
32064040 1		90,000.00	89,715.41	Jul-01-03	10.670%	IL - 75.00%	360	Feb-27-03
32055931 1		399,999.00	397,235.68	Jun-01-03	6.990%	CA - 61.54%	360	Jan-23-03
32065500 1		60,100.00	59,845.67	Oct-01-03	9.770%	NJ - 83.47%	360	Mar-25-03
32058026 1		282,000.00	281,274.87	Jun-01-03	10.990%	CA - 64.83%	360	Feb-21-03
32065880 1		55,000.00	54,309.07	Sep-01-03	7.250%	KY - 44.00%	360	Jul-26-02
32058299 1		30,000.00	29,818.84	Jun-01-03	6.900%	CA - 47.62%	360	Jan-29-03
32066128 1		181,000.00	180,229.10	Oct-01-03	8.583%	MA - 83.80%	360	Mar-25-03
32061418 1		112,750.00	109,724.89	Jul-01-03	9.600%	TX - 77.76%	360	Feb-18-03
32066342 1		45,500.00	45,373.05	Jul-01-03	10.608%	KY - 70.00%	360	Mar-24-03
32062721 1		221,250.00	220,562.14	May-01-03	10.100%	CA - 75.00%	360	Feb-18-03
32066839 1		170,000.00	169,543.53	Jul-01-03	10.780%	TX - 50.07%	360	Mar-26-03
32063208 1		177,000.00	176,388.74	Jun-01-03	9.600%	HI - 52.84%	360	Feb-21-03
32068751 1		60,000.00	59,545.08	Jul-01-03	5.630%	MI - 33.33%	360	Mar-24-03
32063448 1		187,000.00	185,785.64	Jul-01-03	6.450%	CA - 85.00%	360	Feb-07-03
32070211 1		109,200.00	108,703.41	Jul-01-03	8.260%	MD - 94.96%	360	Mar-20-03
32063794 1		187,000.00	186,477.22	Apr-01-03	10.600%	TX - 85.00%	360	Feb-28-03
32072613 1		216,000.00	215,106.25	Jul-01-03	8.725%	OR - 80.00%	360	Mar-18-03
32064578 1		201,000.00	200,261.07	May-01-03	9.300%	NY - 75.00%	360	Feb-24-03
32073116 1		186,000.00	185,072.36	Jul-01-03	7.800%	CA - 75.00%	360	Mar-14-03
32065344 1		146,300.00	145,821.15	May-01-03	9.856%	FL - 95.00%	360	Feb-11-03
32074692 1		104,500.00	104,052.30	Jul-01-03	9.750%	FL - 95.00%	360	Feb-12-03
32066094 1		67,100.00	66,903.00	Jul-01-03	9.620%	NY - 77.13%	360	Mar-26-03
32075293 1		224,000.00	222,974.26	May-01-03	8.900%	CA - 80.00%	360	Feb-07-03
32066144 1		81,000.00	80,741.01	Jul-01-03	9.210%	MA - 36.65%	360	Mar-25-03
32075483 1		95,200.00	94,941.71	Jun-01-03	10.740%	MN - 70.00%	360	Mar-01-03
32066292 1		43,500.00	43,348.25	Apr-01-03	9.551%	OH - 75.00%	360	Feb-24-03
32075772 1		67,500.00	67,180.60	Jun-01-03	8.740%	LA - 90.00%	360	Feb-20-03
32066300 1		64,000.00	63,731.50	May-01-03	8.665%	OH - 80.00%	360	Feb-24-03
32075905 1		116,450.00	116,038.51	Jul-01-03	9.490%	FL - 85.00%	360	Mar-04-03
32066565 1		112,500.00	112,160.28	Jun-01-03	9.485%	NE - 90.00%	360	Mar-21-03
32076093 1		123,200.00	122,626.01	Jul-01-03	8.140%	CA - 80.00%	360	Mar-19-03
32067241 1		45,000.00	44,894.25	May-01-03	10.671%	OH - 75.00%	360	Mar-24-03
32076119 1		52,700.00	52,493.46	Oct-01-03	8.990%	IA - 85.00%	360	Feb-28-03
32067290 1		73,800.00	73,626.03	Jun-01-03	10.655%	CT - 82.00%	360	Mar-26-03
32076564 1		361,250.00	359,136.46	Jun-01-03	6.990%	CA - 85.00%	360	Mar-29-03
32067639 1		332,000.00	330,437.82	Aug-01-03	7.300%	CO - 80.00%	360	Mar-21-03
32076606 1		296,000.00	294,781.52	Jul-01-03	8.750%	MA - 80.00%	360	Mar-26-03
32068124 1		49,500.00	49,377.01	Apr-01-03	10.410%	NC - 90.00%	360	Mar-28-03
32077851 1		204,800.00	204,183.16	Jul-01-03	10.250%	IL - 80.00%	360	Mar-28-03
32068785 1		177,600.00	176,917.05	May-01-03	8.310%	MN - 94.97%	360	Mar-26-03
32079733 1		154,000.00	153,540.27	Oct-01-03	9.540%	CA - 70.00%	360	Apr-02-03
32069098 1		56,000.00	55,847.54	May-01-03	10.920%	LA - 80.00%	360	Mar-18-03
32079832 1		170,000.00	169,432.28	Jul-01-03	9.000%	IL - 68.55%	360	Apr-01-03
32069288 1		92,000.00	91,659.00	May-01-03	8.500%	OH - 80.00%	360	Mar-26-03
32081424 1		100,863.00	100,465.49	Jul-01-03	8.990%	TX - 90.00%	360	Mar-28-03
32069312 1		95,000.00	94,659.79	Apr-01-03	8.660%	OH - 99.99%	360	Mar-28-03
32378341 1		650,000.00	647,324.27	Jun-01-03	8.750%	SC - 94.20%	360	Mar-25-03
32069338 1		400,900.00	399,478.99	Apr-01-03	8.710%	OH - 81.82%	360	Mar-26-03
32378507 1		189,000.00	188,383.89	Jun-01-03	9.875%	NJ - 67.50%	360	Mar-24-03
32069791 1		259,200.00	258,213.35	Jun-01-03	8.360%	FL - 86.98%	360	Mar-26-03
32379026 1		66,600.00	66,355.57	Jul-01-03	8.540%	WI - 90.00%	360	Apr-10-03
32070526 1		135,000.00	134,573.68	May-01-03	9.270%	NJ - 90.00%	360	Mar-27-03
32380677 1		70,000.00	69,705.48	Jul-01-03	7.990%	CA - 64.22%	360	Apr-24-03
32070625 1		44,800.00	44,682.94	Jun-01-03	10.171%	KS - 80.00%	360	Mar-21-03
32381964 1		168,000.00	167,232.33	Jul-01-03	6.500%	CA - 74.67%	360	Apr-23-03
32071110 1		47,450.00	47,360.78	Jun-01-03	11.700%	UT - 65.00%	360	Mar-05-03
32382806 1		190,000.00	189,176.93	Jun-01-03	8.500%	CA - 49.74%	360	Mar-14-03
				Page 13 of 24				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE2
	Mortgage Pass-Through Certificates
	Foreclosure Report for October 27, 2003 Distribution
	Foreclosure Report for November 25, 2003 Distribution
	Foreclosure Report - Mortage Loans that Become Foreclosure 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
32071292 1		199,200.00	198,697.64	Aug-01-03	10.340%	IL - 80.00%	360	Mar-14-03
32386260 1		163,800.00	163,268.79	Jun-01-03	9.900%	FL - 90.00%	360	Mar-25-03
32071938 1		168,000.00	167,378.40	Jun-01-03	8.500%	MI - 80.00%	360	Mar-27-03
32465601 1		40,800.00	40,629.37	May-01-03	10.500%	FL - 80.00%	360	Dec-04-02
32071995 1		270,000.00	269,291.97	Jun-01-03	10.150%	OK - 75.00%	360	Mar-27-03
32486177 1		270,000.00	268,649.91	Jul-01-03	6.990%	MI - 90.00%	360	Apr-03-03
32073058 1		56,400.00	56,171.38	May-01-03	8.050%	AR - 80.00%	360	Mar-31-03
32505885 1		49,300.00	49,154.92	Jul-01-03	9.608%	TN - 85.00%	360	Apr-01-03
32073082 1		130,000.00	129,658.67	Jun-01-03	10.150%	FL - 65.00%	360	Mar-25-03
32506396 1		200,200.00	199,514.45	Jun-01-03	8.878%	FL - 89.78%	360	Apr-04-03
32073686 1		163,200.00	162,510.84	Sep-01-03	8.625%	OR - 80.00%	360	Feb-26-03
32506420 1		255,200.00	254,431.77	Jul-01-03	9.500%	FL - 80.00%	360	Apr-14-03
32074353 1		265,500.00	264,506.73	Apr-01-03	9.875%	DC - 90.00%	360	Jan-08-03
32507667 1		89,300.00	88,923.27	Jun-01-03	7.850%	OH - 95.00%	360	Apr-10-03
32074395 1		128,700.00	-	Oct-01-03	10.990%	NJ - 90.00%	180	Jan-21-03
32508269 1		50,100.00	49,916.45	May-01-03	8.548%	NM - 54.46%	360	Apr-03-03
32075327 1		80,000.00	79,410.77	Aug-01-03	6.500%	MN - 65.04%	360	Mar-27-03
32508830 1		108,000.00	107,704.67	Jul-01-03	9.958%	CT - 80.00%	360	Apr-09-03
32075525 1		180,000.00	179,309.89	Jun-01-03	9.990%	CA - 46.75%	360	Jan-28-03
32509804 1		74,700.00	74,438.48	Oct-01-03	8.770%	VA - 90.00%	360	Apr-14-03
32076895 1		72,250.00	71,978.07	May-01-03	8.990%	FL - 85.00%	360	Mar-25-03
32511156 1		88,000.00	87,759.00	Jul-01-03	9.950%	OH - 80.00%	360	Mar-31-03
32077638 1		425,000.00	423,138.98	Jun-01-03	7.140%	CA - 70.83%	360	Apr-02-03
32511701 1		71,100.00	70,936.10	May-01-03	10.760%	FL - 90.00%	360	Apr-16-03
32080087 1		200,000.00	199,318.62	Jun-01-03	7.990%	OR - 87.72%	360	Mar-31-03
32512030 1		60,800.00	60,598.24	Jul-01-03	9.030%	MD - 80.00%	360	Apr-16-03
32080673 1		155,000.00	154,561.86	Jun-01-03	9.800%	CA - 100.00%	360	Mar-13-03
32729733 1		855,000.00	850,858.63	Jun-01-03	8.625%	MN - 90.00%	360	Feb-12-03
32080855 1		96,800.00	96,358.88	Jun-01-03	8.250%	WA - 80.00%	360	Feb-25-03
32375511 1		398,700.00	397,592.37	Jul-01-03	8.990%	MI - 95.41%	360	Apr-18-03
32489031 1		308,000.00	305,729.82	Apr-01-03	6.500%	CA - 80.00%	360	Jan-27-03
				Page 14 of 24				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE2
	Mortgage Pass-Through Certificates
	Prepayment Report for October 27, 2003 Distribution
	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS								TOTAL
	Current
	Number of Paid in Full Loans							5983
	Number of Repurchased Loans							-
	Total Number of Loans Prepaid in Full							5983
	Paid in Full Balance							1014,~~876~~706,~~557~~019.5386
	Repurchased Loans Balance							-
	Curtailments Amount							~~149~~(72,~~518~~295.8980)
	Total Prepayment Amount							1114,~~026~~633,~~076~~724.4206
	Cumulative
	Number of Paid in Full Loans							~~181~~264
	Number of Repurchased Loans							-
	Total Number of Loans Prepaid in Full							~~181~~264
	Paid in Full Balance							3751,~~011~~718,~~980~~000.4632
	Repurchased Loans Balance							-
	Curtailments Amount							~~582~~510,~~559~~263.0222
	Total Prepayment Amount							3752,~~594~~228,~~539~~263.4854
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 15 of 24				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE2
	Mortgage Pass-Through Certificates
	Prepayment Report for October 27, 2003 Distribution
	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES								TOTAL
	SMM							12.6827%
	3 Months Avg SMM							1.5190%
	12 Months Avg SMM
	Avg SMM Since Cut-off							1.1937%
	CPR							1824.3907%
	3 Months Avg CPR							1620.7157%
	12 Months Avg CPR
	Avg CPR Since Cut-off							1315.3423%
	PSA							~~1267~~1458.6892%
	3 Months Avg PSA Approximation							~~1349~~1417.1726%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation							~~1795~~1703.5521%
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 16 of 24				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE2
	Mortgage Pass-Through Certificates
	Prepayment Report for October 27, 2003 Distribution
	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
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 17 of 24				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE2
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for October 27, 2003 Distribution
	Prepayment Detail Report for November 25, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 59						Loan Group 1 = Group 1 Group
Total Loan Count = 83						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 10,932,775.00
Total Original Principal Balance = 14,789,077.00
Total Prepayment Amount = 10,876,557.53
Total Prepayment Amount = 14,706,019.86
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
31951890 1			340,000.00	337,991.07	Sep-26-03	8.750%	CA - 80.00%	Paid Off - 360	Nov-01-02
31946676 1			222,400.00	221,214.25	Oct-10-03	8.750%	CA - 80.00%	Paid Off - 360	Dec-10-02
31952054 1			275,500.00	273,441.06	Sep-11-03	7.625%	VA - 95.00%	Paid Off - 360	Oct-30-02
31951650 1			198,900.00	197,243.60	Oct-10-03	8.750%	NY - 90.00%	Paid Off - 360	Aug-21-02
31952138 1			290,000.00	287,891.72	Sep-29-03	7.750%	MA - 82.86%	Paid Off - 360	Oct-28-02
31952070 1			73,000.00	71,130.10	Oct-15-03	10.875%	MD - 55.73%	Paid Off - 180	Oct-31-02
31953235 1			388,000.00	385,702.82	Sep-15-03	7.625%	NJ - 80.00%	Paid Off - 360	Dec-23-02
31952104 1			109,200.00	108,439.21	Oct-28-03	9.125%	PA - 84.98%	Paid Off - 360	Oct-25-02
31953326 1			67,500.00	66,728.46	Sep-22-03	9.820%	WI - 90.00%	Paid Off - 360	Oct-18-02
31952344 1			242,250.00	240,193.04	Oct-15-03	7.500%	CA - 95.00%	Paid Off - 360	Oct-23-02
31958762 1			208,000.00	207,227.45	Sep-12-03	9.250%	NJ - 80.00%	Paid Off - 360	Jan-15-03
31952633 1			145,700.00	144,750.26	Oct-31-03	7.750%	NJ - 57.14%	Paid Off - 360	Dec-16-02
31959810 1			391,500.00	389,191.54	Sep-19-03	6.950%	CA - 93.21%	Paid Off - 360	Jan-27-03
31952971 1			50,000.00	49,591.66	Oct-16-03	9.500%	PA - 74.87%	Paid Off - 360	Jul-29-02
31960792 1			210,000.00	208,980.78	Sep-04-03	8.615%	CA - 72.41%	Paid Off - 360	Dec-02-02
31953060 1			40,000.00	38,640.04	Oct-09-03	8.625%	FL - 37.74%	Paid Off - 360	Oct-21-02
31960875 1			348,000.00	345,366.87	Sep-09-03	6.990%	CA - 80.00%	Paid Off - 360	Nov-18-02
31953102 1			81,200.00	80,775.24	Oct-03-03	9.375%	PA - 89.97%	Paid Off - 360	Nov-26-02
31960925 1			187,500.00	186,901.51	Sep-29-03	10.625%	CA - 75.00%	Paid Off - 360	Dec-06-02
31953177 1			95,000.00	94,377.70	Oct-15-03	9.000%	NC - 74.05%	Paid Off - 360	Nov-20-02
31961451 1			32,000.00	31,880.83	Sep-04-03	10.990%	FL - 20.00%	Paid Off - 360	Oct-17-02
31959356 1			195,000.00	193,926.39	Oct-31-03	7.990%	CA - 65.00%	Paid Off - 360	Jan-15-03
31961667 1			40,500.00	40,413.85	Sep-12-03	12.500%	NJ - 15.00%	Paid Off - 180	Dec-09-02
31959745 1			68,000.00	67,603.28	Oct-22-03	7.700%	RI - 80.00%	Paid Off - 360	Jan-30-03
31975568 1			150,000.00	148,960.98	Sep-08-03	6.740%	IL - 63.83%	Paid Off - 360	Jan-08-03
31959992 1			36,400.00	36,305.01	Oct-17-03	12.950%	MD - 20.00%	Paid Off - 180	Nov-07-02
31976434 1		FCL	224,000.00	222,766.72	Sep-22-03	7.990%	CA - 67.88%	Paid Off - 360	Dec-03-02
31960115 1			211,500.00	210,518.29	Oct-02-03	9.950%	FL - 30.00%	Paid Off - 180	Nov-08-02
31976533 1			266,000.00	264,064.23	Sep-09-03	6.500%	CA - 62.81%	Paid Off - 360	Dec-27-02
31960578 1			508,500.00	505,070.49	Oct-01-03	8.125%	CA - 90.00%	Paid Off - 360	Nov-18-02
31976962 1			375,000.00	372,806.00	Sep-30-03	6.990%	CA - 68.18%	Paid Off - 360	Jan-03-03
31960628 1		FCL	200,000.00	198,546.73	Oct-28-03	7.750%	CA - 78.43%	Paid Off - 360	Nov-07-02
31977630 1			136,500.00	135,858.86	Sep-23-03	8.100%	CA - 70.00%	Paid Off - 360	Jan-22-03
31960990 1			266,400.00	264,659.85	Oct-30-03	7.125%	CA - 80.00%	Paid Off - 360	Jan-07-03
31978406 1			242,250.00	241,146.08	Sep-29-03	8.250%	IL - 85.00%	Paid Off - 360	Jan-22-03
31961220 1			117,975.00	117,508.33	Oct-03-03	9.625%	CA - 55.00%	Paid Off - 360	Jan-02-03
31978679 1			130,000.00	128,983.18	Sep-05-03	5.740%	CA - 59.09%	Paid Off - 360	Jan-23-03
31962186 1			180,000.00	178,705.25	Oct-03-03	7.250%	FL - 75.00%	Paid Off - 360	Dec-20-02
31995764 1			139,500.00	138,905.61	Sep-22-03	9.250%	NJ - 90.00%	Paid Off - 360	Dec-30-02
31975741 1			100,000.00	99,329.33	Oct-24-03	6.990%	CA - 57.14%	Paid Off - 360	Jan-16-03
31996234 1			271,700.00	270,244.05	Sep-16-03	8.125%	NJ - 95.00%	Paid Off - 360	Dec-31-02
31976350 1			80,000.00	79,581.88	Oct-28-03	8.250%	CA - 30.77%	Paid Off - 360	Jan-07-03
31996655 1			224,100.00	222,800.92	Sep-15-03	8.875%	NJ - 90.00%	Paid Off - 360	Oct-03-02
31976699 1			159,750.00	158,674.89	Oct-31-03	6.990%	CA - 75.00%	Paid Off - 360	Jan-06-03
31996788 1			522,500.00	518,846.78	Sep-04-03	6.875%	NJ - 89.32%	Paid Off - 180	Nov-27-02
31976822 1			127,000.00	126,149.95	Oct-23-03	7.000%	CA - 79.38%	Paid Off - 360	Jan-16-03
32055501 1		FCL	150,000.00	149,080.55	Sep-30-03	6.750%	CA - 66.67%	Paid Off - 360	Jan-16-03
31977184 1			150,000.00	148,994.06	Oct-07-03	6.990%	CA - 75.00%	Paid Off - 360	Jan-15-03
32055519 1			93,500.00	93,108.30	Sep-10-03	8.700%	KY - 85.00%	Paid Off - 360	Jan-09-03
31977564 1			301,500.00	300,029.13	Oct-15-03	8.590%	FL - 90.00%	Paid Off - 360	Jan-16-03
32056079 1			80,605.00	80,081.57	Sep-08-03	6.450%	OH - 64.48%	Paid Off - 360	Jan-17-03
31977929 1			231,700.00	230,418.20	Oct-31-03	7.990%	CA - 79.90%	Paid Off - 360	Jan-15-03
32057432 1			105,000.00	104,543.58	Sep-11-03	7.700%	IL - 60.69%	Paid Off - 360	Feb-20-03
31978075 1			100,800.00	100,364.22	Oct-28-03	9.180%	MI - 90.00%	Paid Off - 360	Jan-14-03
32059883 1			123,500.00	123,049.00	Sep-05-03	9.990%	CT - 65.00%	Paid Off - 360	Dec-12-02
31978224 1			130,000.00	129,354.10	Oct-29-03	8.500%	CA - 34.67%	Paid Off - 360	Jan-10-03
32059990 1			123,000.00	122,093.43	Sep-15-03	6.500%	CA - 51.04%	Paid Off - 360	Dec-09-02
31978273 1			133,000.00	132,089.08	Oct-29-03	7.500%	CA - 57.83%	Paid Off - 360	Dec-16-02
32060279 1			278,000.00	276,665.18	Sep-26-03	7.990%	MD - 89.68%	Paid Off - 360	Jan-14-03
31978364 1			130,000.00	129,127.14	Oct-16-03	6.990%	CA - 62.50%	Paid Off - 360	Jan-14-03
32061533 1			96,000.00	95,685.93	Sep-08-03	9.100%	MA - 80.00%	Paid Off - 360	Feb-27-03
32055485 1			174,500.00	172,951.06	Oct-06-03	7.550%	MI - 76.20%	Paid Off - 360	Jan-16-03
32062416 1			239,920.00	238,820.16	Sep-08-03	9.750%	CT - 80.00%	Paid Off - 360	Feb-28-03
32055568 1		FCL	78,000.00	77,487.00	Oct-22-03	7.090%	MI - 67.24%	Paid Off - 360	Jan-15-03
32062432 1			272,000.00	271,163.92	Sep-18-03	9.400%	HI - 80.00%	Paid Off - 360	Feb-12-03
32057655 1			240,000.00	238,485.39	Oct-30-03	6.990%	NY - 80.00%	Paid Off - 360	Feb-19-03
32063042 1			124,000.00	123,416.51	Sep-04-03	7.300%	CA - 80.00%	Paid Off - 360	Feb-21-03
32057879 1			178,200.00	177,276.73	Oct-02-03	7.550%	CA - 90.00%	Paid Off - 360	Feb-19-03
32063695 1			192,000.00	191,096.56	Sep-19-03	7.300%	IL - 79.34%	Paid Off - 360	Feb-25-03
32058695 1			58,125.00	57,687.30	Oct-02-03	7.750%	NJ - 75.00%	Paid Off - 360	Feb-25-03
32064719 1			123,000.00	122,432.54	Sep-24-03	7.400%	IL - 66.49%	Paid Off - 360	Feb-28-03
32061434 1			327,250.00	325,601.54	Oct-27-03	7.750%	CA - 85.00%	Paid Off - 360	Feb-21-03
32065690 1			40,000.00	39,936.84	Sep-30-03	11.640%	MN - 39.60%	Paid Off - 360	Mar-25-03
32061590 1			550,000.00	547,411.65	Oct-08-03	8.090%	CA - 87.72%	Paid Off - 360	Feb-14-03
32066441 1			70,900.00	70,703.02	Sep-10-03	8.990%	OH - 35.63%	Paid Off - 360	Mar-26-03
32061780 1			187,200.00	186,038.03	Oct-29-03	6.990%	MN - 90.00%	Paid Off - 360	Feb-24-03
32066748 1			46,000.00	45,856.08	Sep-22-03	9.360%	WI - 44.66%	Paid Off - 360	Mar-25-03
32061954 1			72,000.00	71,595.67	Oct-20-03	7.200%	CA - 59.50%	Paid Off - 360	Feb-13-03
32068850 1			172,800.00	172,291.47	Sep-29-03	8.710%	MN - 90.00%	Paid Off - 360	Mar-25-03
32062325 1			368,000.00	366,198.75	Oct-20-03	7.900%	CA - 80.00%	Paid Off - 360	Feb-26-03
32070567 1			115,000.00	114,639.03	Sep-10-03	8.423%	NJ - 55.83%	Paid Off - 360	Mar-26-03
32062960 1			198,800.00	197,639.11	Oct-30-03	7.000%	IL - 88.36%	Paid Off - 360	Feb-24-03
32071722 1			190,000.00	189,210.61	Sep-02-03	6.990%	CA - 85.20%	Paid Off - 360	Mar-11-03
32063661 1			144,000.00	143,394.99	Oct-03-03	8.650%	IL - 90.00%	Paid Off - 360	Feb-24-03
32072399 1			120,000.00	119,604.14	Sep-19-03	9.750%	CA - 75.00%	Paid Off - 360	Mar-18-03
32064321 1			121,410.00	120,940.97	Oct-09-03	9.800%	FL - 90.00%	Paid Off - 360	Feb-28-03
32072472 1			107,250.00	107,075.29	Sep-18-03	11.500%	MN - 75.00%	Paid Off - 360	Mar-31-03
32064362 1			238,500.00	237,547.91	Oct-02-03	8.900%	HI - 90.00%	Paid Off - 360	Feb-26-03
					Page 18 of 24				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE2
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for October 27, 2003 Distribution
	Prepayment Detail Report for November 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
32074395 1		FCL	128,700.00	128,368.84	Sep-30-03	10.990%	NJ - 90.00%	Paid Off - 180	Jan-21-03
32065013 1			62,800.00	62,604.88	Oct-28-03	9.335%	MO - 78.50%	Paid Off - 360	Mar-24-03
32074742 1			250,000.00	248,372.39	Sep-30-03	7.000%	NJ - 28.90%	Paid Off - 180	Jan-09-03
32065252 1			53,000.00	52,805.83	Oct-13-03	9.878%	ME - 44.17%	Paid Off - 360	Mar-26-03
32076580 1			193,500.00	192,951.21	Sep-18-03	8.890%	CA - 74.85%	Paid Off - 360	Mar-24-03
32066003 1			158,100.00	157,599.01	Oct-31-03	9.333%	NV - 93.00%	Paid Off - 360	Mar-26-03
32078859 1			144,500.00	144,042.27	Sep-10-03	8.350%	IL - 87.58%	Paid Off - 360	Mar-28-03
32066110 1			200,000.00	199,168.38	Oct-07-03	8.583%	MA - 84.75%	Paid Off - 360	Mar-21-03
32079592 1			136,000.00	135,536.65	Sep-04-03	7.990%	CA - 88.89%	Paid Off - 360	Mar-24-03
32066664 1			120,000.00	119,613.36	Oct-21-03	9.173%	RI - 80.00%	Paid Off - 360	Mar-26-03
32080293 1			198,750.00	197,758.66	Sep-24-03	7.850%	CA - 75.00%	Paid Off - 360	Apr-03-03
32069163 1			114,400.00	113,930.05	Oct-10-03	8.760%	OH - 80.00%	Paid Off - 360	Feb-24-03
32080392 1			268,000.00	265,954.22	Sep-02-03	7.500%	CA - 80.00%	Paid Off - 360	Oct-28-02
32070112 1			180,000.00	179,021.74	Oct-13-03	6.560%	RI - 80.00%	Paid Off - 360	Mar-26-03
32172363 1			37,000.00	36,944.83	Sep-08-03	12.750%	MA - 10.00%	Paid Off - 360	Feb-12-03
32070971 1			320,000.00	317,841.08	Oct-23-03	6.250%	CA - 83.12%	Paid Off - 360	Feb-20-03
32379414 1			118,800.00	118,485.96	Sep-03-03	8.125%	CA - 90.00%	Paid Off - 360	Apr-16-03
32071326 1			113,600.00	112,975.42	Oct-02-03	6.500%	HI - 80.00%	Paid Off - 360	Feb-27-03
32465544 1			115,000.00	114,302.96	Sep-02-03	8.125%	NJ - 85.19%	Paid Off - 360	Nov-13-02
32071359 1			126,000.00	125,055.16	Oct-21-03	7.850%	IL - 90.00%	Paid Off - 360	Mar-07-03
32466047 1			97,500.00	97,073.70	Sep-09-03	9.125%	FL - 75.00%	Paid Off - 360	Dec-13-02
32072241 1			214,500.00	213,470.62	Oct-03-03	7.200%	CA - 74.48%	Paid Off - 360	Mar-13-03
32485187 1			484,500.00	483,011.49	Sep-11-03	8.500%	CA - 85.00%	Paid Off - 360	Mar-19-03
32072654 1			82,400.00	81,933.69	Oct-22-03	6.350%	CA - 79.23%	Paid Off - 360	Mar-20-03
32488637 1			148,000.00	147,662.65	Sep-03-03	8.850%	IL - 84.57%	Paid Off - 360	Apr-22-03
32072886 1			99,900.00	99,563.37	Oct-01-03	9.000%	CA - 90.00%	Paid Off - 360	Mar-14-03
32729477 1			232,000.00	230,860.14	Sep-22-03	7.875%	CA - 80.00%	Paid Off - 360	Jan-23-03
32073165 1			336,557.00	335,340.63	Oct-23-03	8.615%	CA - 100.00%	Paid Off - 360	Mar-21-03
32729618 1			58,000.00	57,576.48	Sep-22-03	11.990%	CA - 20.00%	Paid Off - 240	Jan-23-03
32073520 1			200,000.00	199,197.51	Oct-08-03	8.875%	CA - 68.97%	Paid Off - 360	Feb-12-03
32074247 1			103,500.00	102,984.76	Oct-08-03	8.490%	MA - 42.59%	Paid Off - 360	Jan-28-03
32074908 1			204,000.00	202,631.94	Oct-03-03	6.990%	VA - 78.46%	Paid Off - 360	Jan-27-03
32075426 1			79,000.00	78,523.90	Oct-27-03	10.740%	CA - 58.52%	Paid Off - 360	Feb-13-03
32075525 1		FCL	180,000.00	179,309.89	Oct-27-03	9.990%	CA - 46.75%	Paid Off - 360	Jan-28-03
32075558 1			124,950.00	124,438.70	Oct-06-03	9.990%	CA - 85.00%	Paid Off - 360	Feb-13-03
32075822 1			240,000.00	238,960.37	Oct-22-03	8.500%	CA - 80.00%	Paid Off - 360	Feb-20-03
32076416 1			387,000.00	384,935.32	Oct-16-03	7.990%	CA - 90.00%	Paid Off - 360	Feb-20-03
32076432 1			108,750.00	108,406.22	Oct-03-03	8.700%	CA - 75.00%	Paid Off - 360	Apr-01-03
32076663 1			185,000.00	183,873.08	Oct-09-03	6.250%	CA - 77.08%	Paid Off - 360	Mar-25-03
32078685 1			212,000.00	211,277.78	Oct-02-03	7.990%	CA - 80.00%	Paid Off - 360	Apr-04-03
32078735 1			211,500.00	210,541.47	Oct-02-03	7.490%	CA - 90.00%	Paid Off - 360	Mar-20-03
32079410 1			348,000.00	346,755.97	Oct-03-03	7.750%	IL - 80.00%	Paid Off - 360	Apr-01-03
32172033 1			196,000.00	194,624.29	Oct-21-03	7.375%	NH - 70.00%	Paid Off - 360	Dec-13-02
32172041 1			56,000.00	55,898.28	Oct-21-03	13.750%	NH - 20.00%	Paid Off - 360	Dec-13-02
32172504 1			50,000.00	47,447.91	Oct-06-03	8.375%	FL - 64.10%	Paid Off - 180	Feb-11-03
32377426 1			65,000.00	64,777.28	Oct-01-03	8.875%	PA - 40.63%	Paid Off - 360	Mar-19-03
32385064 1			350,000.00	348,782.11	Oct-14-03	8.800%	MN - 63.64%	Paid Off - 360	Mar-31-03
32465700 1			145,600.00	144,372.66	Oct-17-03	7.000%	MD - 80.00%	Paid Off - 360	Nov-07-02
32486391 1			285,000.00	284,031.02	Oct-24-03	8.000%	CA - 89.91%	Paid Off - 360	Apr-07-03
32487340 1			187,600.00	186,927.98	Oct-08-03	7.740%	CA - 80.00%	Paid Off - 360	Apr-04-03
32487845 1			342,000.00	340,579.09	Oct-23-03	6.990%	CA - 90.00%	Paid Off - 360	Apr-17-03
32729378 1			260,760.00	259,496.99	Oct-17-03	8.625%	CA - 80.00%	Paid Off - 360	Jan-21-03
32729436 1			228,000.00	226,838.24	Oct-30-03	8.375%	CA - 80.00%	Paid Off - 360	Jan-22-03
32749616 1			237,000.00	235,917.08	Oct-28-03	6.500%	MI - 79.00%	Paid Off - 360	Apr-24-03
					Page 19 of 24				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE2
	Mortgage Pass-Through Certificates
	Realized Loss Report for October 27, 2003 Distribution
	Realized Loss Report for November 25, 2003 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES								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							0.00%
							3 Months Moving Average
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 20 of 24				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE2
	Mortgage Pass-Through Certificates
	Realized Loss Report for October 27, 2003 Distribution
	Realized Loss Report for November 25, 2003 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS								TOTAL
	MDR							0.00%
	3 Months Avg MDR							0.00%
	12 Months Avg MDR
	Avg MDR Since Cut-off							0.00%
	CDR							0.00%
	3 Months Avg CDR							0.00%
	12 Months Avg CDR
	Avg CDR Since Cut-off							0.00%
	SDA							0.00%
	3 Months Avg SDA Approximation							0.00%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation							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
CDR by Groups					Total CDR
SDA by Groups					Total SDA
				Page 21 of 24				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE2
	Mortgage Pass-Through Certificates
	Realized Loss Report for October 27, 2003 Distribution
	Realized Loss Report for November 25, 2003 Distribution
	Realized Loss Report - Collateral
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 22 of 24				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE2
	Mortgage Pass-Through Certificates
	Realized Loss Detail Report for October 27, 2003 Distribution
	Realized Loss Detail Report for November 25, 2003 Distribution
	Realized Loss Detail Report - Loans Liquidated During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 0						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 0.00
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
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					Page 23 of 24				© COPYRIGHT 2003 Deutsche Bank
	CDC Mortgage Capital Trust 2003-HE2
	Mortgage Pass-Through Certificates
	Triggers, Adj. Rate Cert. and Miscellaneous Report for October 27, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for November 25, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS								TOTAL
	Has a Stepdown Date occurred?							No
	Does Trigger Event exist?							No
	(60+ Day Delq % is > = to 40% of Senior Enhancement %)
	(x) Rolling 3-month avg. of 60+ Day Delq loans							714,~~573~~463,~~183~~292.5985
	(y) Stated Principal Balance							0.0102
	60+ Day Delq % ( quotient of (x) over (y) )							12.1524%
	Trigger Event 40% of Sr Enhancement Percentage							7.2437%
	Senior Enhancement Percentage							1920.9139%
ADJUSTABLE RATE CERTIFICATE INFORMATION								TOTAL
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION								TOTAL
	Basis Risk Carry Forward Amount							0.00
				Page 24 of 24				© COPYRIGHT 2003 Deutsche Bank

Filing Compare · MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2003-HE2