8-K 1 csfb03ar22_nov03.txt UNITED STATES 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) : November 25, 2003 CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP. (as depositor under a Pooling and Servicing Agreement, dated as of August 1, 2003, providing for, inter alia, the issuance of CSFB Mortgage-Backed Pass-Through Certificates, Series 2003-AR22) CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP. (Exact name of registrant as specified in its charter) Delaware 333-107055-01 13-3320910 State or Other Jurisdiction (Commission (IRS Employer of Incorporation ) File Number) Identification No.) 11 Madison Ave. New York, New York 10010 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code :(212)325-2000 N/A (Former name or former address, if changed since last report.) Item 5. Other Events. This report and exhibit is being filed, pursuant to the terms of the Pooling and Servicing Agreement, dated as of August 1, 2003 among Credit Suisse First Boston Mortgage Securities Corp., as depositor, DLJ Mortgage Capital, Inc. as seller, Chase Manhattan Mortgage Corporation, as master servicer, Washington Mutual Mortgage Securities Corp, as seller and servicer, Wells Fargo Home Mortgage Inc., as servicer, Fairbanks Capital Corp., as servicer and special servicer, Bank One, National Association, as trustee, and JPMorgan Chase Bank, as trust administrator. On November 25, 2003 distribution was made to the Certificateholders. Specific information with respect to the distribution is filed as Exhibit 99.1. Item 7. Financial Statements and Exhibits. (a) Not applicable. (b) Not applicable. (c) The following exhibits are filed as part of this report: Statement to Certificateholders on November 25, 2003 is filed as Exhibit 99.1 hereto. CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP. CSFB MORTGAGE-BACKED PASS-THROUGH CERTIFICATES, SERIES 2003-AR22 -------------------------------------------------------------------- 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. JPMORGAN CHASE BANK, not in its individual capacity but solely as Trust Administrator under the Agreement referred to herein Date: December 2, 2003 By: /s/ Mark Volosov -------------------------------- Mark Volosov Assistant Vice President INDEX TO EXHIBITS Exhibit Number Description of Exhibits 99.1 Monthly Certificateholder Statement on November 25, 2003 Exhibit 99.1 Monthly Certificateholder Statement on November 25, 2003 CSFB Mortgage-Backed Pass-Through Certificates, Series 2003-AR22 Statement to Certificate Holders November 25, 2003 ---------------------------------------------------------------------------------------------------------------------------------- DISTRIBUTION IN DOLLARS ---------------------------------------------------------------------------------------------------------------------------------- ORIGINAL BEGINNING ENDING FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE ---------------------------------------------------------------------------------------------------------------------------------- IA1 41,376,000.00 39,748,598.53 410,204.87 130,235.38 540,440.25 0.00 0.00 39,338,393.66 IIA1 82,500,000.00 78,278,277.51 3,835,445.16 244,358.69 4,079,803.85 0.00 0.00 74,442,832.35 IIA2 21,000,000.00 21,000,000.00 0.00 61,547.50 61,547.50 0.00 0.00 21,000,000.00 IIA3 28,000,000.00 28,000,000.00 0.00 95,830.00 95,830.00 0.00 0.00 28,000,000.00 IIA4 73,692,000.00 73,692,000.00 0.00 266,212.35 266,212.35 0.00 0.00 73,692,000.00 IIA5 102,500,000.00 100,391,113.91 1,915,928.15 364,104.00 2,280,032.15 0.00 0.00 98,475,185.76 IIIA1 100,189,000.00 97,185,131.99 1,659,554.35 382,481.91 2,042,036.26 0.00 0.00 95,525,577.64 IVA1 197,034,000.00 190,909,823.87 5,197,263.69 233,758.47 5,431,022.16 0.00 0.00 185,712,560.18 IVM1 4,618,000.00 4,618,000.00 0.00 7,886.52 7,886.52 0.00 0.00 4,618,000.00 IVM2 2,052,400.00 2,052,400.00 0.00 4,827.70 4,827.70 0.00 0.00 2,052,400.00 IVM3 1,539,926.00 1,539,926.00 0.00 4,366.55 4,366.55 0.00 0.00 1,539,926.00 CB1 6,269,000.00 6,257,631.82 5,741.42 22,924.62 28,666.04 0.00 0.00 6,251,890.40 CB2 3,483,000.00 3,476,683.94 3,189.88 12,736.71 15,926.59 0.00 0.00 3,473,494.06 CB3 2,322,000.00 2,317,789.30 2,126.59 8,491.14 10,617.73 0.00 0.00 2,315,662.71 AR 50.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 ARL 50.00 0.00 0.00 0.17 0.17 0.00 0.00 0.00 CB4 1,161,000.00 1,158,894.64 1,063.29 4,245.57 5,308.86 0.00 0.00 1,157,831.35 CB5 929,200.00 927,514.99 851.00 3,397.92 4,248.92 0.00 0.00 926,663.99 CB6 928,816.00 927,131.69 850.65 3,396.52 4,247.17 0.00 0.00 926,281.04 TOTALS 669,594,442.00 652,480,918.19 13,032,219.05 1,850,801.72 14,883,020.77 0.00 0.00 639,448,699.14 IIX 205,192,000.00 200,970,277.51 0.00 60,941.48 60,941.48 0.00 0.00 197,134,832.35 IVX 205,244,326.16 200,146,371.50 0.00 778,634.02 778,634.02 0.00 0.00 194,949,107.81 --------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES --------------------------------------------------------------------------------------------------------- ---------------------- BEGINNING ENDING CURRENT CLASS CUSIP PRINCIPAL PRINCIPAL INTEREST TOTAL PRINCIPAL CLASS PASS-THRU RATE --------------------------------------------------------------------------------------------------------- ---------------------- IA1 22541QRE4 960.66798458 9.91407748 3.14760683 13.06168431 950.75390710 IA1 3.931773 % IIA1 22541QRF1 948.82760618 46.49024436 2.96192352 49.45216788 902.33736182 IIA1 3.746000 % IIA2 22541QRG9 1,000.00000000 0.00000000 2.93083333 2.93083333 1,000.00000000 IIA2 3.517000 % IIA3 22541QRH7 1,000.00000000 0.00000000 3.42250000 3.42250000 1,000.00000000 IIA3 4.107000 % IIA4 22541QRJ3 1,000.00000000 0.00000000 3.61250000 3.61250000 1,000.00000000 IIA4 4.335000 % IIA5 22541QRK0 979.42550156 18.69198195 3.55223415 22.24421610 960.73351961 IIA5 4.352226 % IIIA1 22541QRL8 970.01798591 16.56423709 3.81760383 20.38184092 953.45374881 IIIA1 4.722721 % IVA1 22541QRM6 968.91817590 26.37749673 1.18638646 27.56388319 942.54067917 IVA1 1.520000 % IVM1 22541QRP9 1,000.00000000 0.00000000 1.70777826 1.70777826 1,000.00000000 IVM1 2.120000 % IVM2 22541QRQ7 1,000.00000000 0.00000000 2.35222179 2.35222179 1,000.00000000 IVM2 2.920000 % IVM3 22541QRR5 1,000.00000000 0.00000000 2.83555833 2.83555833 1,000.00000000 IVM3 3.520000 % CB1 22541QRS3 998.18660392 0.91584304 3.65682246 4.57266550 997.27076089 CB1 4.396159 % CB2 22541QRT1 998.18660350 0.91584266 3.65682171 4.57266437 997.27076084 CB2 4.396159 % CB3 22541QRU8 998.18660637 0.91584410 3.65682171 4.57266581 997.27076227 CB3 4.396159 % AR 22541QRV6 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AR 3.931773 % ARL 22541QRW4 0.00000000 0.00000000 3.40000000 3.40000000 0.00000000 ARL 3.931773 % CB4 22541QRX2 998.18659776 0.91583979 3.65682171 4.57266150 997.27075797 CB4 4.396159 % CB5 22541QRY0 998.18660138 0.91584158 3.65682307 4.57266466 997.27075979 CB5 4.396159 % CB6 22541QRZ7 998.18660531 0.91584340 3.65682762 4.57267101 997.27076192 CB6 4.396159 % TOTALS 974.44195660 19.46285428 2.76406374 22.22691802 954.97910232 IIX 22541QRN4 979.42550153 0.00000000 0.29699735 0.29699735 960.73351958 IIX 0.363884 % IVX 22541QSA1 975.16153184 0.00000000 3.79369328 3.79369328 949.83920607 IVX 4.668388 % -------------------------------------------------------------------------------------------------------- ------------------------ IF THERE, ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: Jon Saraniti JPMorgan Chase Bank - Structured Finance Services 4 New York Plaza, 6th Floor New York, New York 10004 Tel: (212) 623-4527 Fax: 212) 623-5930 Email: jon.c.saraniti@chase.com Section 4.04(a)(i) Scheduled Principal Payments (Total) 566,922.65 Group 1 49,259.31 Group 2 284,459.69 Group 3 82,126.50 Group 4 151,077.15 Principal Prepayments (Total) 12,465,296.41 Group 1 362,606.56 Group 2 5,476,330.51 Group 3 1,580,172.80 Group 4 5,046,186.54 Repurchase Principal (Total) 0.00 Group 1 0.00 Group 2 0.00 Group 3 0.00 Group 4 0.00 Substitution Amounts (Total) 0.00 Group 1 0.00 Group 2 0.00 Group 3 0.00 Group 4 0.00 Net Liquidation Proceeds (Total) 0.00 Group 1 0.00 Group 2 0.00 Group 3 0.00 Group 4 0.00 Insurance Proceeds (Total) 0.00 Group 1 0.00 Group 2 0.00 Group 3 0.00 Group 4 0.00 Other Principal (Total) 0.00 Group 1 0.00 Group 2 0.00 Group 3 0.00 Group 4 0.00 Section 4.04(a)(v) Beginning Number of Loans Outstanding (Total) 1,788 Group 1 88 Group 2 730 Group 3 249 Group 4 721 Beginning Aggregate Loan Balances (Total) 653,507,140.55 Group 1 41,135,671.64 Group 2 311,679,376.75 Group 3 100,545,720.66 Group 4 200,146,371.50 Ending Number of Loans Outstanding (Total) 1,756 Group 1 87 Group 2 719 Group 3 246 Group 4 704 Ending Aggregate Loan Balances (Total) 640,474,921.49 Group 1 40,723,805.77 Group 2 305,918,586.55 Group 3 98,883,421.36 Group 4 194,949,107.81 Servicing Fees (Total, including Master Servicing Fees and PMI Fees) 207,716.89 Group 1 13,484.85 Group 2 107,161.70 Group 3 32,001.61 Group 4 55,068.73 Trust Administrator Fees (Total) 565.15 Group 1 25.47 Group 2 463.55 Group 3 9.01 Group 4 67.12 Section 4.04(a)(viii) Current Advances (Total) N/A Group 1 N/A Group 2 N/A Group 3 N/A Group 4 N/A Outstanding Advances (Total) N/A Group 1 N/A Group 2 N/A Group 3 N/A Group 4 N/A Section 4.04(a)(ix) Delinquent Mortgage Loans Group 1 Principal Category Number Balance Percentage 1 Month 0 0.00 0.00 % 2 Month 0 0.00 0.00 % 3 Month 0 0.00 0.00 % Total 0 0.00 0.00 % Group 2 Principal Category Number Balance Percentage 1 Month 0 0.00 0.00 % 2 Month 0 0.00 0.00 % 3 Month 0 0.00 0.00 % Total 0 0.00 0.00 % Group 3 Principal Category Number Balance Percentage 1 Month 0 0.00 0.00 % 2 Month 0 0.00 0.00 % 3 Month 0 0.00 0.00 % Total 0 0.00 0.00 % Group 4 Principal Category Number Balance Percentage 1 Month 2 475,798.70 0.24 % 2 Month 0 0.00 0.00 % 3 Month 0 0.00 0.00 % Total 2 475,798.70 0.24 % Group Totals Principal Category Number Balance Percentage 1 Month 2 475,798.70 0.07 % 2 Month 0 0.00 0.00 % 3 Month 0 0.00 0.00 % Total 2 475,798.70 0.07 % * Delinquent Bankruptcies are included in the table above. Bankruptcies Group 1 Principal Number Balance Percentage 0 0.00 0.00 % Group 2 Principal Number Balance Percentage 0 0.00 0.00 % Group 3 Principal Number Balance Percentage 0 0.00 0.00 % Group 4 Principal Number Balance Percentage 0 0.00 0.00 % Group Totals Principal Number Balance Percentage 0 0.00 0.00 % * Only Current Bankruptcies are reflected in the table above. Foreclosures Group 1 Principal Number Balance Percentage 0 0.00 0.00 % Group 2 Principal Number Balance Percentage 0 0.00 0.00 % Group 3 Principal Number Balance Percentage 0 0.00 0.00 % Group 4 Principal Number Balance Percentage 0 0.00 0.00 % Group Totals Principal Number Balance Percentage 0 0.00 0.00 % Section 4.04(a)(xi) REO Properties Group 1 Principal Number Balance Percentage 0 0.00 0.00 % Group 2 Principal Number Balance Percentage 0 0.00 0.00 % Group 3 Principal Number Balance Percentage 0 0.00 0.00 % Group 4 Principal Number Balance Percentage 0 0.00 0.00 % Group Totals Principal Number Balance Percentage 0 0.00 0.00 % Section 4.04(a)(xii) Current Realized Losses (Total) 0.00 Group 1 0.00 Group 2 0.00 Group 3 0.00 Group 4 0.00 Subsequent Losses (Total) 0.00 Group 1 0.00 Group 2 0.00 Group 3 0.00 Group 4 0.00 Subsequent Loss Recoveries (Total) 0.00 Group 1 0.00 Group 2 0.00 Group 3 0.00 Group 4 0.00 Current Period Net LossTotal) 0.00 Group 1 0.00 Group 2 0.00 Group 3 0.00 Group 4 0.00 Cumulative Realized Losses (Total) 0.00 Group 1 0.00 Group 2 0.00 Group 3 0.00 Group 4 0.00 Beginning Gross Weighted Average Coupon (Deal) 5.3226 % Group 1 4.3459 % Group 2 4.7866 % Group 3 5.1248 % Group 4 6.4576 % Section 4.04(a)(xiii) Weighted Average Term to Maturity (Deal) 355 Group 1 355 Group 2 355 Group 3 355 Group 4 354 Group 4 Trigger Event Trigger Event Occurrence NO (Is Rolling 3 Month Delinquency Rate > 5.25% ?) Rolling 3 Month Delinquency Rate 0.00000 % 5.25% 5.25000 % Group 4 O/C Reporting Targeted Overcollateralization Amount 1,026,221.63 Ending Overcollateralization Amount 1,026,221.63 Ending Overcollateralization Deficiency 0.00 Group I Monthly Excess Interest 685.59 Group II Monthly Excess Interest 5,194.66 Group III Monthly Excess Interest 1,675.76 Overcollateralization Release Amount 0.00 Monthly Excess Interest 778,631.24 Payment to Class IV-X 778,634.02 Amounts on Deposit in the Group IV Basis Risk Reserve Fund in excess of Required Amount to Class IV-X 2.79 Copyright 2001 J.P. Morgan Chase & Co. All rights reserved.

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): November 12, 2003 Credit Suisse First Boston Mortgage Securities Corp., CSFB Series 2003-AR22, Mortgage-Backed Pass-Through Certificates, Series 2003-AR22

CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.
(Exact name of registrant as specified in its charter)
Delaware	333-100669	13-3320910
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
11 Madison Avenue New York, New York 10010
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code (212) 325-2000

Item 5.

Other Events.

Credit Suisse First Boston Mortgage Securities Corp. (the “Company”) entered into a Pooling and Servicing Agreement dated as of August 1, 2003 (the “Agreement”) among the Company, in its capacity as depositor (in such capacity, the “Depositor”), DLJ Mortgage Capital, Inc. as a seller (in such capacity, a “Seller”), Chase Manhattan Mortgage Corporation in its capacity as master servicer (in such capacity, the “Master Servicer”), Washington Mutual Mortgage Securities Corp., in its capacity as a seller (in such capacity a “Seller”) and in its capacity as a servicer (in such capacity, a “Servicer”), Fairbanks Capital Corp., in its capacity as a servicer (in such capacity, a “Servicer”) and as special servicer (in such capacity, the “Special Servicer”), Wells Fargo Home Mortgage, Inc., as a servicer (in such capacity, a “Servicer”), Bank One, National Association, as trustee (the “Trustee”) and JPMorgan Chase Bank, as trust administrator (the “Trust Administrator”). The Certificates were issued on August 28, 2003. The Pooling and Servicing Agreement is annexed hereto as Exhibit 99.1.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

(a)

Not applicable.

(b)

Not applicable.

(c)

Exhibits:

99.1 The Pooling and Servicing Agreement dated as of August 1, 2003, by and among the Company, the Sellers, the Servicers, the Special Servicer, the Master Servicer, the Trustee and the Trust Administrator.

SIGNATURES

Filings Made by the Registrant. The registrant has duly caused this form to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on November 12, 2003.

CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP.

By: /s/ John P. Graham

Name: John P. Graham

Title: Vice President

Exhibit Index

Exhibit

Page

99.1

Pooling and Servicing Agreement dated as of August 1, 2003,

by and among the Company, the Seller, the Servicers, the Master

Servicer, the Special Servicer, the Trustee and the Trust Administrator.

EXHIBIT 99.1

MCKEE NELSON LLP

5 Times Square, 35th Floor

New York, New York 10036

Telephone: (212) 777-4200

Facsimile: (212) 777-4299

November 12, 2003

BY MODEM

Securities and Exchange Commission

Judiciary Plaza

450 Fifth Street, N.W.

Washington, D.C. 20549

Re:

Credit Suisse First Boston Mortgage Securities Corp.,

CSFB Series 2003-AR22, CSFB Mortgage-Backed Pass-Through Certificates, Series 2003-AR22

Ladies and Gentlemen:

On behalf of Credit Suisse First Boston Mortgage Securities Corp., (the “Company”), we enclose herewith for filing, pursuant to the Securities and Exchange Act of 1934, as amended, the Company’s Current Report on Form 8-K, for filing of the Pooling and Servicing Agreement in connection with the above-referenced transaction.

Very truly yours,

_/s/ Michael Braun

Michael Braun

Enclosure

Filing Compare · CSFB MORT BACKED PASS THROUGH CERTS SERIES 2003 AR22