

                           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):  December 26, 2003


                             Accredited Home Capital,Inc.
          (as Seller, Accredited Home Lenders, Inc., as Sponser and
           Master Servicer, Accredited Mortgage Loan Trust 2003-2 as
           Issuer, Countrywide Home Loans Servicing LP as Backup Servicer,
             and Deutsche Bank National Trust Company, as Trustee).


                      Accredited Mortgage Loan Trust 2003-3
            (Exact name of Registrant as specified in its Charter)


                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-109964-01                                  33-0426859
          (Commission File Number)        (I.R.S. Employer Identification No.)


          15030 Avenue of Science
          San Diego, Californis                         92128
          (Address of principal executive offices)     (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (858) 676-2100


     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
     December 26, 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 November 1,2003.


          Date:  Jan 02, 2004               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President


                                   EXHIBIT INDEX

          DOCUMENT

          Monthly Remittance Statement to the Certificateholders
          dated as of December 26, 2003.


	Accredited Mortgage Loan Trust 2003-3
	Trust Certificates


	December 26, 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				15
			8.	Prepayment Report				16
			9.	Prepayment Detail Report				19
			10.	Realized Loss Report				20
			11.	Realized Loss Detail Report				23
			12.	Triggers, Adj. Rate Cert. and Miscellaneous Report				24
			13.	Additional Certificate Report				25




				Total Number of Pages				25



			CONTACTS

				Administrator: Eiko Akiyama
				Direct Phone Number: (714)247-6328
				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:		Accredited Home Capital Inc.					Cut-Off Date: November 1, 2003
	Certificate Insurer(s):							Closing Date: November 25, 2003
								First Payment Date: December 26, 2003
	Servicer(s):		Accredited Home Lenders Master Servicer
			Countrywide Home Loans, Inc. Back-Up Servicer

								Distribution Date: December 26, 2003
	Underwriter(s):		Lehman Brothers Underwriter					Record Date: December 24, 2003
			Goldman, Sachs & Co. Underwriter					November 28, 2003






						Page 1 of 25					© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-3
	Trust Certificates
	Trust Fund Series 2003-3
	Certificate Payment Report for December 26, 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	STEP, PT	194,704,000.00			194,704,000.00	723,649.87	994,934.67	1,718,584.54	-	-	193,709,065.33
A-2	STEP, FLT	210,312,000.00			210,312,000.00	271,426.62	1,555,726.85	1,827,153.47	-	-	208,756,273.15
A-3	STEP, FLT	110,534,000.00			110,534,000.00	142,654.11	490,162.13	632,816.24	-	-	110,043,837.87
TRUST		-			-	-	-	-	-	-	-


Total		515,550,000.00			515,550,000.00	1,137,730.60	3,040,823.64	4,178,554.24	-	-	512,509,176.36


	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				F-30/360	004375AR2	194,704,000.00	1,000.000000	3.716667	5.109986	8.826652	994.890014
A-2	11/25/03	12/25/03		A-Act/360	004375AS0	210,312,000.00	1,000.000000	1.290590	7.397233	8.687823	992.602767
A-3	11/25/03	12/25/03		A-Act/360	004375AT8	110,534,000.00	1,000.000000	1.290590	4.434492	5.725082	995.565508
TRUST				-		-	-	-	-	-	-


							Page 2 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-3
	Trust Certificates
	Trust Fund Series 2003-3
	Certificate Payment Report for December 26, 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	194,704,000.00		723,649.87		797,285.99	197,648.68	994,934.67	1,718,584.54	-	-	193,709,065.33
A-2	210,312,000.00		271,426.62		1,397,384.75	158,342.10	1,555,726.85	1,827,153.47	-	-	208,756,273.15
A-3	110,534,000.00		142,654.11		408,802.40	81,359.73	490,162.13	632,816.24	-	-	110,043,837.87
TRUST	-		-		-	-	-	-	-	-	-


Total	515,550,000.00		1,137,730.60		2,603,473.13	437,350.51	3,040,823.64	4,178,554.24	-	-	512,509,176.36


	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	4.46000%	194,704,000.00			723,649.87	-	-	-	723,649.87	723,649.87	-
A-2	1.49875%	210,312,000.00			271,426.62	-	-	-	271,426.62	271,426.62	-
A-3	1.49875%	110,534,000.00			142,654.11	-	-	-	142,654.11	142,654.11	-
TRUST		-			-	-	-	-	-	-	-


Total		515,550,000.00			1,137,730.60	-	-	-	1,137,730.60	1,137,730.60	-


							Page 3 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-3
	Trust Certificates
	Series 2003-3
	Collection Account Report for December 26, 2003 Distribution


	Collection Account Report


SUMMARY					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Principal Collections				85,919.69	723,748.36	697,122.42	1,506,790.47
	Principal Withdrawals				0.00	0.00	0.00	0.00
	Principal Other Accounts				0.00	0.00	0.00	0.00
	TOTAL PRINCIPAL				85,919.69	723,748.36	697,122.42	1,506,790.47

	Interest Collections				577,339.17	1,169,681.68	1,086,261.15	2,833,282.00
	Interest Withdrawals				(30,442.62)	(66,276.57)	(64,799.03)	(161,518.23)
	Interest Other Accounts				0.00	0.00	0.00	0.00
	TOTAL INTEREST				546,896.55	1,103,405.11	1,021,462.12	2,671,763.77

	TOTAL AVAILABLE FUNDS TO BONDHOLDERS				632,816.24	1,827,153.47	1,718,584.54	4,178,554.24

	Interest Payable to Bondholders				546,896.55	1,103,405.11	1,021,462.12	2,671,763.77

	Principal Payment Amount Payable to Bondholders				85,919.69	723,748.36	697,122.42	1,506,790.47


PRINCIPAL - COLLECTIONS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Scheduled Principal				81,359.73	158,342.10	197,648.68	437,350.51
	Curtailments				(82,740.04)	(904,784.44)	(523,801.09)	(1,511,325.57)
	Prepayments in Full				0.00	497,245.34	239,300.00	736,545.34
	Repurchases/Substitutions				87,300.00	972,945.36	783,974.83	1,844,220.19
	Liquidations				0.00	0.00	0.00	0.00
	Insurance Principal				0.00	0.00	0.00	0.00
	Other Additional Principal				0.00	0.00	0.00	0.00
	Delinquent Principal				(62,917.72)	(112,274.36)	(121,932.90)	(297,124.98)
	Realized Losses				0.00	0.00	0.00	0.00
	Principal Recovered				0.00	0.00	0.00	0.00
	Substitution Shortfall Principal				0.00	0.00	0.00	0.00
	Proceeds due to calling the Notes				0.00	0.00	0.00	0.00
	Proceeds due to the termination of the trust				0.00	0.00	0.00	0.00
	Principal Advanced				62,917.72	112,274.36	121,932.90	297,124.98

	TOTAL PRINCIPAL				85,919.69	723,748.36	697,122.42	1,506,790.47


				Page 4 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-3
	Trust Certificates
	Series 2003-3
	Collection Account Report for December 26, 2003 Distribution


	Collection Account Report


PRINCIPAL - WITHDRAWALS					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


PRINCIPAL - OTHER ACCOUNTS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Pre-funding Release Amount				0.00	0.00	0.00	0.00
	Insured Principal Payment				0.00	0.00	0.00	0.00

	TOTAL PRINCIPAL OTHER ACCOUNTS				0.00	0.00	0.00	0.00


INTEREST - COLLECTIONS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Scheduled Interest				610,901.49	1,216,012.27	1,126,435.03	2,953,348.79
	Repurchases/Substitutions				491.06	5,933.83	5,166.40	11,591.29
	Liquidations				0.00	0.00	0.00	0.00
	Insurance Interest				0.00	0.00	0.00	0.00
	Other Additional Interest				0.00	0.00	0.00	0.00
	Prepayment Interest Shortfalls				0.00	0.00	0.00	0.00
	Delinquent Interest				(474,875.97)	(847,244.35)	(730,196.79)	(2,052,317.11)
	Realized Losses				0.00	0.00	0.00	0.00
	Compensating Interest				0.00	0.00	0.00	0.00
	Civil Relief Act Shortfalls				0.00	0.00	0.00	0.00
	Substitution Shortfall Interest				0.00	0.00	0.00	0.00
	Prepayment Premiums				0.00	8,252.14	6,461.10	14,713.24
	Loan Adjustments				0.00	0.00	0.00	0.00
	Interest Advanced				440,822.59	786,727.79	678,395.41	1,905,945.79

	TOTAL INTEREST				577,339.17	1,169,681.68	1,086,261.15	2,833,282.00


				Page 5 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-3
	Trust Certificates
	Series 2003-3
	Collection Account Report for December 26, 2003 Distribution


	Collection Account Report


INTEREST - WITHDRAWALS					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


INTEREST - OTHER ACCOUNTS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Capitalized Interest				0.00	0.00	0.00	0.00
	Insured Interest Payment				0.00	0.00	0.00	0.00

	TOTAL INTEREST OTHER ACCOUNT				0.00	0.00	0.00	0.00


INTEREST - FEES					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Current Servicing Fees				9,816.57	27,145.81	28,490.66	65,453.04
	Indenture Trustee Fees				451.35	858.78	795.04	2,105.17
	Indenture Trustee Indemnification Amounts Due				0.00	0.00	0.00	0.00
	Insurance Premiums				20,174.70	38,271.98	35,513.33	93,960.02
	Amounts due and owing to the Owner Trustee				0.00	0.00	0.00	0.00
	Amounts due to the Master Servicer				0.00	0.00	0.00	0.00

	TOTAL INTEREST FEES				30,442.62	66,276.57	64,799.03	161,518.23


				Page 6 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-3
	Trust Certificates
	Series 2003-3
	Credit Enhancement Report for December 26, 2003 Distribution


	Credit Enhancement Report


ACCOUNTS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Beginning Reserve Account Balance				0.00	0.00	0.00	0.00
	PLUS: Deposits to the Reserve Account				0.00	0.00	0.00	0.00
	LESS: Withdrawls to pay the Reimbursement Amount				0.00	0.00	0.00	0.00
	LESS: Withdrawls to pay Class Shortfalls				0.00	0.00	0.00	0.00
	LESS: Withdrawls to pay Net WAC Carryover				0.00	(0.00)	0.00	(0.00)
	LESS: Reserve Account Release Amount				0.00	0.00	0.00	0.00
	Ending Reserve Account Balance				0.00	0.00	0.00	0.00


INSURANCE					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


STRUCTURAL FEATURES					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Specified Over-collateralization Amount				2,708,098.91	5,152,651.63	5,646,439.05	13,507,189.59

	Over-collateralization Amount				404,891.75	832,289.96	298,607.01	1,535,788.71

	Over-collateralization Increase Amount				404,242.44	831,978.49	297,812.25	1,534,033.17


				Page 7 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-3
	Trust Certificates
	Series 2003-3
	Collateral Report for December 26, 2003 Distribution


	Collateral Report


COLLATERAL					GROUP 3	GROUP 2	GROUP 1	TOTAL
	Loan Count:
	*Original*				548	1350	1470	3368
	Prior				-	-	-	-
	Prefunding				-	-	-	-
	Scheduled Paid Offs				-	-	-	-
	Full Voluntary Prepayments				-	(3)	(1)	(4)
	Repurchases				(1)	(7)	(8)	(16)
	Liquidations				-	-	-	-
	Current				547	1,340	1,461	3,348

	*Principal Balance:*
	Original				110,534,649.31	210,312,311.46	194,704,794.75	515,551,755.52
	Prior				-	-	-	-
	Prefunding				-	0.01	0.01	0.02
	Scheduled Principal				(81,359.73)	(158,342.10)	(197,648.68)	(437,350.51)
	Partial and Full Voluntary Prepayments				82,740.04	407,539.10	284,501.09	774,780.23
	Repurchases				(87,300.00)	(972,945.36)	(783,974.83)	(1,844,220.19)
	Liquidations				-	-	-	-
	Current				110,448,729.62	209,588,563.11	194,007,672.34	514,044,965.07

PREFUNDING					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Pre-Funding Amount Beginning Balance				0.00	0.00	0.00	0.00
	Pre-Funding Loans Purchased				0.00	0.00	0.00	0.00
	Pre-Funding Release Amounts				0.00	0.00	0.00	0.00
	Pre-Funding Amount Ending Balance				0.00	0.00	0.00	0.00

	Capitalized Interest Account Beginning Balance							0.00
	Interest Earnings							0.00
	Amounts withdrawn to support certificates							0.00
	Amounts Released to Sponsor							0.00
	Capitalized Interest Account Ending Balance							0.00


	Group 1		Group 3
	Group 2
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)


				Page 8 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-3
	Trust Certificates
	Series 2003-3
	Collateral Report for December 26, 2003 Distribution


	Collateral Report


CHARACTERISTICS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Weighted Average Coupon Original				6.637476%	6.972180%	6.974259%	6.901205%
	Weighted Average Coupon Prior
	Weighted Average Coupon Current				6.637476%	6.972180%	6.974259%	6.901205%
	Weighted Average Months to Maturity Original				359	359	338	351
	Weighted Average Months to Maturity Prior				-	-	-	-
	Weighted Average Months to Maturity Current				359	359	338	351
	Weighted Avg Remaining Amortization Term Original				359	358	340	351
	Weighted Avg Remaining Amortization Term Prior				-	-	-	-
	Weighted Avg Remaining Amortization Term Current				359	358	340	351
	Weighted Average Seasoning Original				1.50	1.56	1.66	1.59
	Weighted Average Seasoning Prior				-	-	-	-
	Weighted Average Seasoning Current				1.50	1.56	1.66	1.59

Note: Original information refers to deal issue.


	Group 1		Group 3
	Group 2
WAC by Groups					Total WAC


WARAT by Groups					Total WARAT


Note: Dates correspond to distribution dates.
				Page 9 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-3
	Trust Certificates
	Series 2003-3
	Collateral Report for December 26, 2003 Distribution


	Collateral Report


ARM CHARACTERISTICS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Weighted Average Margin Original				5.627%	5.650%
	Weighted Average Margin Prior
	Weighted Average Margin Current				5.627%	5.650%
	Weighted Average Max Rate Original				13.957%	13.970%
	Weighted Average Max Rate Prior
	Weighted Average Max Rate Current				13.957%	13.970%
	Weighted Average Min Rate Original				6.957%	6.970%
	Weighted Average Min Rate Prior
	Weighted Average Min Rate Current				6.957%	6.970%
	Weighted Average Cap Up Original				1.500%	1.500%
	Weighted Average Cap Up Prior
	Weighted Average Cap Up Current				1.500%	1.500%
	Weighted Average Cap Down Original				1.500%	1.500%
	Weighted Average Cap Down Prior
	Weighted Average Cap Down Current				1.500%	1.500%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Current Servicing Fees				9,816.57	27,145.81	28,490.66	65,453.04
	Delinquent Servicing Fees				34,053.38	60,516.56	51,801.38	146,371.32
	TOTAL SERVICING FEES				43,869.95	87,662.37	80,292.04	211,824.36

	Total Servicing Fees				43,869.95	87,662.37	80,292.04	211,824.36
	Compensating Interest				0.00	0.00	0.00	0.00
	Delinquent Servicing Fees				(34,053.38)	(60,516.56)	(51,801.38)	(146,371.32)
	COLLECTED SERVICING FEES				9,816.57	27,145.81	28,490.66	65,453.04

	Current PPIS				0.00	0.00	0.00	0.00
	Compensating Interesst				0.00	0.00	0.00	0.00
	CURRENT NET PPIS				0.00	0.00	0.00	0.00

	Total Advanced Principal For Current Payment Date				62,917.72	112,274.36	121,932.90	297,124.98
	Total Advanced Interest For Current Payment Date				440,822.59	786,727.79	678,395.41	1,905,945.79
	TOTAL ADVANCES FOR CURRENT PERIOD				503,740.31	899,002.15	800,328.31	2,203,070.77


ADDITIONAL COLLATERAL INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Current Month's LIBOR							1.118750%


				Page 10 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-3
	Trust Certificates
	Series 2003-3
	Delinquency Report for December 26, 2003 Distribution


	Delinquency Report - Total


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			-	-	-	-
		% Balance			0.00%	0.00%	0.00%	0.00%
		# Loans			-	-	-	-
		% # Loans			0.00%	0.00%	0.00%	0.00%
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		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
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		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
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 11 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-3
	Trust Certificates
	Series 2003-3
	Delinquency Report for December 26, 2003 Distribution


	Delinquency Report - Group 1 Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			-	-	-	-
		% Balance			0.00%	0.00%	0.00%	0.00%
		# Loans			-	-	-	-
		% # Loans			0.00%	0.00%	0.00%	0.00%
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		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
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		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
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 12 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-3
	Trust Certificates
	Series 2003-3
	Delinquency Report for December 26, 2003 Distribution


	Delinquency Report - Group 2 Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			-	-	-	-
		% Balance			0.00%	0.00%	0.00%	0.00%
		# Loans			-	-	-	-
		% # Loans			0.00%	0.00%	0.00%	0.00%
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		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
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		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
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 13 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-3
	Trust Certificates
	Series 2003-3
	Delinquency Report for December 26, 2003 Distribution


	Delinquency Report - Group 3 Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			-	-	-	-
		% Balance			0.00%	0.00%	0.00%	0.00%
		# Loans			-	-	-	-
		% # Loans			0.00%	0.00%	0.00%	0.00%
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		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
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		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
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 14 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-3
	Trust Certificates
	Series 2003-3
	REO Report for December 26, 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				Loan Group 2 = Group 2 Group; REO Book Value = 000.00
Total Current Balance = 000.00				Loan Group 3 = Group 3 Group; REO Book Value = 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 15 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-3
	Trust Certificates
	Series 2003-3
	Prepayment Report for December 26, 2003 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENTS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	*Current*
	Number of Paid in Full Loans				-	3	1	4
	Number of Repurchased Loans				1	7	8	16
	Total Number of Loans Prepaid in Full				1	10	9	20

	Paid in Full Balance				-	497,245.34	239,300.00	736,545.34
	Repurchased Loans Balance				87,300.00	972,945.36	783,974.83	1,844,220.19
	Curtailments Amount				(82,740.04)	(904,784.44)	(523,801.09)	(1,511,325.57)
	Total Prepayment Amount				4,559.96	565,406.26	499,473.74	1,069,439.96

	*Cumulative*
	Number of Paid in Full Loans				-	3	1	4
	Number of Repurchased Loans				1	7	8	16
	Total Number of Loans Prepaid in Full				1	10	9	20

	Paid in Full Balance				-	497,245.34	239,300.00	736,545.34
	Repurchased Loans Balance				87,300.00	972,945.36	783,974.83	1,844,220.19
	Curtailments Amount				(82,740.04)	(904,784.44)	(523,801.09)	(1,511,325.57)
	Total Prepayment Amount				4,559.96	565,406.26	499,473.74	1,069,439.96

SPACE INTENTIONALLY LEFT BLANK


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


				Page 16 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-3
	Trust Certificates
	Series 2003-3
	Prepayment Report for December 26, 2003 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES					GROUP 3	GROUP 2	GROUP 1	TOTAL

	SMM				0.00%	0.27%	0.26%	0.21%
	3 Months Avg SMM
	12 Months Avg SMM
	Avg SMM Since Cut-off				0.00%	0.27%	0.26%	0.21%

	CPR				0.05%	3.18%	3.04%	2.46%
	3 Months Avg CPR
	12 Months Avg CPR
	Avg CPR Since Cut-off				0.05%	3.18%	3.04%	2.46%

	PSA				16.55%	1016.44%	914.03%	776.11%
	3 Months Avg PSA Approximation
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation				16.55%	1016.44%	914.03%	776.11%



	Group 1		Group 3
	Group 2


CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 17 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-3
	Trust Certificates
	Series 2003-3
	Prepayment Report for December 26, 2003 Distribution


	Prepayment Report - Voluntary Prepayments

	Group 1		Group 3
	Group 2

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 18 of 25				© COPYRIGHT 2003 Deutsche Bank


	Accredited Mortgage Loan Trust 2003-3
	Trust Certificates
	Series 2003-3
	Prepayment Detail Report for December 26, 2003 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 20						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 2,581,232.00						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 2,580,765.53						Loan Group 3 = Group 3 Group


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

309162268 1			239,300.00	239,300.00	Dec-09-03	6.750%	CA - 77.19%	Paid Off - 240	Oct-10-03
309096400 2			97,600.00	97,531.11	Dec-02-03	7.750%	MO - 79.94%	Paid Off - 360	Sep-26-03
309195776 2			280,000.00	279,786.93	Dec-05-03	7.375%	CA - 75.62%	Paid Off - 360	Sep-30-03
309195898 2			120,000.00	119,927.30	Dec-15-03	8.500%	RI - 79.95%	Paid Off - 360	Sep-29-03
305158371 1			167,357.00	167,357.00	Dec-15-03	9.255%	IL - 62.60%	Repur/Subs - 360	Oct-20-03
306093990 1			65,000.00	65,000.00	Dec-15-03	6.500%	TX - 68.42%	Repur/Subs - 180	Oct-20-03
309053574 1			84,000.00	84,000.00	Dec-15-03	8.500%	NV - 80.00%	Repur/Subs - 360	Oct-29-03
309107176 1			81,000.00	80,942.83	Dec-15-03	7.750%	VA - 89.94%	Repur/Subs - 360	Sep-26-03
309107389 1			73,875.00	73,875.00	Dec-15-03	9.450%	AR - 75.00%	Repur/Subs - 180	Oct-16-03
309107539 1			60,000.00	60,000.00	Dec-15-03	6.990%	AR - 66.67%	Repur/Subs - 120	Oct-28-03
310013849 1			124,000.00	124,000.00	Dec-15-03	7.000%	NV - 54.15%	Repur/Subs - 360	Oct-20-03
310066824 1			128,800.00	128,800.00	Dec-15-03	6.999%	TX - 80.00%	Repur/Subs - 360	Oct-28-03
308224358 2			128,000.00	128,000.00	Dec-15-03	9.250%	CA - 69.19%	Repur/Subs - 360	Oct-15-03
309237338 2			87,200.00	87,200.00	Dec-15-03	6.750%	MA - 80.00%	Repur/Subs - 360	Oct-21-03
309237445 2			100,000.00	99,945.36	Dec-15-03	8.999%	PA - 79.96%	Repur/Subs - 360	Sep-29-03
310014067 2			268,000.00	268,000.00	Dec-15-03	6.500%	CA - 80.00%	Repur/Subs - 360	Oct-31-03
310036033 2			52,200.00	52,200.00	Dec-15-03	8.099%	KY - 90.00%	Repur/Subs - 360	Oct-10-03
310036324 2			87,200.00	87,200.00	Dec-15-03	8.990%	TX - 80.00%	Repur/Subs - 360	Oct-27-03
310156206 2			250,400.00	250,400.00	Dec-15-03	5.990%	CA - 80.00%	Repur/Subs - 360	Oct-23-03
309172871 3			87,300.00	87,300.00	Dec-15-03	6.750%	CA - 90.00%	Repur/Subs - 360	Nov-07-03


					Page 19 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-3
	Trust Certificates
	Series 2003-3
	Realized Loss Report for December 26, 2003 Distribution


	Realized Loss Report - Collateral


COLLATERAL REALIZED LOSSES					GROUP 3	GROUP 2	GROUP 1	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.

SPACE INTENTIONALLY LEFT BLANK


	Group 1		Group 3				3 Months Moving Average
	Group 2

Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation


				Page 20 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-3
	Trust Certificates
	Series 2003-3
	Realized Loss Report for December 26, 2003 Distribution


	Realized Loss Report - Collateral


DEFAULT SPEEDS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	MDR				0.00%	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%	0.00%

	CDR				0.00%	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%	0.00%

	SDA				0.00%	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%	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 1		Group 3
	Group 2
CDR by Groups					Total CDR


SDA by Groups					Total SDA


				Page 21 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-3
	Trust Certificates
	Series 2003-3
	Realized Loss Report for December 26, 2003 Distribution


	Realized Loss Report - Collateral

	Group 1		Group 3
	Group 2

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 25				© COPYRIGHT 2003 Deutsche Bank


	Accredited Mortgage Loan Trust 2003-3
	Trust Certificates
	Series 2003-3
	Realized Loss Detail Report for December 26, 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						Loan Group 2 = Group 2 Group
Total Prior Principal Balance = 0.00						Loan Group 3 = Group 3 Group
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 23 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-3
	Trust Certificates
	Series 2003-3
	Triggers, Adj. Rate Cert. and Miscellaneous Report for December 26, 2003 Distribution


	Triggers, Adj. Rate Cert. and Miscellaneous Report


TRIGGER EVENTS					GROUP 3	GROUP 2	GROUP 1	TOTAL

	Has the Step Down Requirement been satisfied							No

	Has the Step Up Test Event occured?							No

	Has the Clean Up Call Date been reached?				No	No	No	No


ADJUSTABLE RATE CERTIFICATE INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


ADDITIONAL INFORMATION					GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


				Page 24 of 25				© COPYRIGHT 2003 Deutsche Bank
	Accredited Mortgage Loan Trust 2003-3
	Trust Certificates
	Series 2003-3
	Additional Certificate Report for December 26, 2003 Distribution


	Additional Certificate Report

SPACE INTENTIONALLY LEFT BLANK
	CLASS


				Page 25 of 25				© COPYRIGHT 2003 Deutsche Bank

ACCREDITED MORTGAGE LOAN TRUST 2003-3 8-K