8-K 1 rma03001.txt JUNE 8-K 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): June 25, 2003 RENAISSANCE MORTGAGE ACCEPTANCE CORPORATION Home Equity Loan Asset-Backed Certs., Series 2003-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-82550-05 Pending Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On June 25, 2003 a distribution was made to holders of RENAISSANCE MORTGAGE ACCEPTANCE CORPORATION, Home Equity Loan Asset-Backed Certs., Series 2003-1 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Home Equity Loan Asset-Backed Certs., Series 2003-1 Trust, relating to the June 25, 2003 distribution. 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. RENAISSANCE MORTGAGE ACCEPTANCE CORPORATION Home Equity Loan Asset-Backed Certs., Series 2003-1 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 7/2/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Home Equity Loan Asset-Backed Certs., Series 2003-1 Trust, relating to the June 25, 2003 distribution.

Renaissance Mortgage Acceptance Corp. ~~Home~~Mortgage ~~Equity Loan Asset~~Pass-~~Backed~~Through Certificates Record Date: 45/3031/03 Distribution Date: 56/2725/03 RMAC Series: 2003-1 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A 759950AQ1 SEN 1.75000% ~~216~~215,~~286~~557,~~456~~280.0213 ~~335~~303,~~999~~445.8640 ~~729~~1,~~175~~717,731.8921 AIO 759950AR9 SEN 3.00000% 0.00 7675,~~351~~894.2183 0.00 M-1 759950AS7 SUB 2.32000% 17,105,000.00 3531,~~227~~922.5806 0.00 M-2 759950AT5 SUB 5.61700% 14,473,000.00 67,~~655~~649.9573 0.00 B-A 759950AU2 SUB 5.57000% 3,000,000.00 1413,~~833~~441.6676 0.00 B-F 759950AV0 SUB 7.34600% 7,000,000.00 42,~~794~~790.8996 0.00 BIO RMA031BIO SEN 0.00000% 0.01 1,~~206~~240,~~839~~514.5051 0.00 P RMA03001P SUB 0.00000% 100.00 122,~~039~~736.4078 0.00 R1 RMA0301R1 SEN 0.00000% 0.00 0.00 0.00 R2 RMA0301R2 SEN 0.00000% 0.00 0.00 0.00 Totals 257,~~864~~135,~~556~~380.0314 1,~~791~~778,~~742~~396.0503 ~~729~~1,~~175~~717,731.8921

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~215~~213,~~557~~839,~~280~~548.1392 12,~~065~~021,~~175~~176.7561 0.00 AIO 0.00 0.00 7675,~~351~~894.2183 0.00 M-1 0.00 17,105,000.00 3531,~~227~~922.5806 0.00 M-2 0.00 14,473,000.00 67,~~655~~649.9573 0.00 B-A 0.00 3,000,000.00 1413,~~833~~441.6676 0.00 B-F 0.00 7,000,000.00 42,~~794~~790.8996 0.00 BIO 0.00 0.01 1,~~206~~240,~~839~~514.5051 0.00 P 0.00 100.00 122,~~039~~736.4078 0.00 R1 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 Totals 0.00 ~~257~~255,~~135~~417,~~380~~648.1493 23,~~520~~496,~~917~~127.9424 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A 216,973,000.00 ~~216~~215,~~286~~557,~~456~~280.0213 0.00 ~~729~~1,~~175~~717,731.8921 0.00 0.00 AIO 0.00 0.00 0.00 0.00 0.00 0.00 M-1 17,105,000.00 17,105,000.00 0.00 0.00 0.00 0.00 M-2 14,473,000.00 14,473,000.00 0.00 0.00 0.00 0.00 B-A 3,000,000.00 3,000,000.00 0.00 0.00 0.00 0.00 B-F 7,000,000.00 7,000,000.00 0.00 0.00 0.00 0.00 BIO 0.00 0.01 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R1 0.00 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 0.00 Totals 258,551,100.00 257,~~864~~135,~~556~~380.0314 0.00 ~~729~~1,~~175~~717,731.8921 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A ~~729~~1,~~175~~717,731.8921 ~~215~~213,~~557~~839,~~280~~548.1392 0.~~99347513~~98555834 ~~729~~1,~~175~~717,731.8921 AIO 0.00 0.00 0.00000000 0.00 M-1 0.00 17,105,000.00 1.00000000 0.00 M-2 0.00 14,473,000.00 1.00000000 0.00 B-A 0.00 3,000,000.00 1.00000000 0.00 B-F 0.00 7,000,000.00 1.00000000 0.00 BIO 0.00 0.01 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 R1 0.00 0.00 0.00000000 0.00 R2 0.00 0.00 0.00000000 0.00 Totals ~~729~~1,~~175~~717,731.8921 ~~257~~255,~~135~~417,~~380~~648.1493 0.~~99452441~~98788073 ~~729~~1,~~175~~717,731.8921

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 216,973,000.00 ~~996~~993.~~83580916~~47513345 0.00000000 37.~~36067571~~91679707 0.00000000 AIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 17,105,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 14,473,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-A 3,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-F 7,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 BIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are Per 1,000 Denomination

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A 0.00000000 37.~~36067571~~91679707 ~~993~~985.~~47513345~~55833638 0.~~99347513~~98555834 37.~~36067571~~91679707 AIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-A 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-F 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 BIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A 216,973,000.00 1.75000% ~~216~~215,~~286~~557,~~456~~280.0213 ~~336~~303,~~445~~875.6089 0.00 0.00 AIO 0.00 3.00000% 30,~~581~~401,000.00 76,~~452~~002.50 0.00 0.00 M-1 17,105,000.00 2.32000% 17,105,000.00 3531,~~274~~967.3134 0.00 0.00 M-2 14,473,000.00 5.61700% 14,473,000.00 67,745.70 0.00 0.00 B-A 3,000,000.00 5.57000% 3,000,000.00 1413,~~853~~460.3383 0.00 0.00 B-F 7,000,000.00 7.34600% 7,000,000.00 42,851.67 0.00 0.00 BIO 0.00 0.00000% 0.01 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R1 0.00 0.00000% 0.00 0.00 0.00 0.00 R2 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 258,551,100.00 ~~573~~535,~~623~~903.1193 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A ~~445~~430.7449 0.00 ~~335~~303,~~999~~445.8640 0.00 ~~215~~213,~~557~~839,~~280~~548.1392 AIO ~~101~~107.2967 0.00 7675,~~351~~894.2183 0.00 30,~~401~~180,000.00 M-1 4645.7329 0.00 3531,~~227~~922.5806 0.00 17,105,000.00 M-2 8995.7597 0.00 67,~~655~~649.9573 0.00 14,473,000.00 B-A 19.6807 0.00 1413,~~833~~441.6676 0.00 3,000,000.00 B-F 5660.7771 0.00 42,~~794~~790.8996 0.00 7,000,000.00 BIO 0.00 0.00 1,~~206~~240,~~839~~514.5051 0.00 0.01 P 0.00 0.00 122,~~039~~736.4078 0.00 100.00 R1 0.00 0.00 0.00 0.00 0.00 R2 0.00 0.00 0.00 0.00 0.00 Totals 759.9620 0.00 1,~~791~~778,~~742~~396.0503 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A 216,973,000.00 1.75000% ~~996~~993.~~83580916~~47513345 1.~~55063349~~40052398 0.00000000 0.00000000 AIO 0.00 3.00000% ~~996~~990.~~09133253~~22833132 2.~~49022833~~47557083 0.00000000 0.00000000 M-1 17,105,000.00 2.32000% 1000.00000000 21.~~06222216~~86888863 0.00000000 0.00000000 M-2 14,473,000.00 5.61700% 1000.00000000 4.68083328 0.00000000 0.00000000 B-A 3,000,000.00 5.57000% 1000.00000000 4.~~95111000~~48694333 0.00000000 0.00000000 B-F 7,000,000.00 7.34600% 1000.00000000 6.12166714 0.00000000 0.00000000 BIO 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are Per 1,000 Denomination

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A 0.~~00205436~~00198407 0.00000000 1.~~54857913~~39853991 0.00000000 ~~993~~985.~~47513345~~55833638 AIO 0.~~00329924~~00350705 0.00000000 2.~~48692909~~47206378 0.00000000 ~~990~~983.~~22833132~~02986873 M-1 0.~~00273195~~00264776 0.00000000 21.~~05949021~~86624145 0.00000000 1000.00000000 M-2 0.~~00620120~~00663097 0.00000000 4.~~67463207~~67420231 0.00000000 1000.00000000 B-A 0.~~00656000~~00635667 0.00000000 4.~~94455333~~48058667 0.00000000 1000.00000000 B-F 0.~~00811000~~00867286 0.00000000 6.~~11355571~~11299429 0.00000000 1000.00000000 BIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 ~~120394~~27367.~~00000000~~80000000 0.00000000 1000.00000000 R1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 23,~~612~~587,~~474~~839.5690 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized ~~Losses~~Loss 0(Gains, Subsequent Expenses & Recoveries) (905.0020) Prepayment Penalties 0.00 Total Deposits 23,~~612~~586,~~474~~934.5670 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 9190,~~556~~807.6246 Payment of Interest and Principal 23,~~520~~496,~~917~~127.9424 Total Withdrawals (Pool Distribution Amount) 23,~~612~~586,~~474~~934.5670 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 65,~~617~~435.3902 FSA Premium 21,~~628~~555.6573 Wells Fargo Bank Minnesota, N.A. 43,~~310~~816.5871 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 9190,~~556~~807.6246

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 5,000.00 06.0066 06.0066 5,000.00 Financial Guaranty 0.00 0.00 0.00 0.00

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 23 0 0 23 ~~408~~459,~~553~~333.5324 0.00 0.00 ~~408~~459,~~553~~333.5324 30 Days 15 0 0 0 15 59464,~~916~~878.9402 0.00 0.00 0.00 59464,~~916~~878.9402 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 15 23 0 0 38 59464,~~916~~878.9402 ~~408~~459,~~553~~333.5324 0.00 0.00 ~~468~~924,~~470~~211.4726 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.~~095602~~144023% 0.000000% 0.000000% 0.~~095602~~144023% 0.~~156091~~176651% 0.000000% 0.000000% 0.~~156091~~176651% 30 Days 0.~~047801~~240038% 0.000000% 0.000000% 0.000000% 0.~~047801~~240038% 0.~~022892~~178784% 0.000000% 0.000000% 0.000000% 0.~~022892~~178784% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~047801~~240038% 0.~~095602~~144023% 0.000000% 0.000000% 0.~~143403~~384061% 0.~~022892~~178784% 0.~~156091~~176651% 0.000000% 0.000000% 0.~~178983~~355435%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~504~~3,427.4724

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 8.~~558795~~564779% Weighted Average Net Coupon 8.~~215482~~264779% Weighted Average Pass-Through Rate 8.~~241295~~247279% Weighted Average Maturity(Stepdown Calculation ) ~~321~~320 Beginning Scheduled Collateral Loan Count 12,~~824~~092 Number Of Loans Paid In Full ~~(268)~~9 Ending Scheduled Collateral Loan Count 2,~~092~~083 Beginning Scheduled Collateral Balance ~~229~~261,~~356~~740,~~208~~514.3723 Ending Scheduled Collateral Balance ~~261~~260,~~740~~022,~~514~~783.2302 Ending Actual Collateral Balance at 3031-~~Apr~~May-2003 ~~261~~260,~~740~~022,~~514~~783.2302 Monthly P &I Constant 2,~~165~~164,~~667~~856.8140 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0905.0020 Cumulative Realized Loss 0905.0020 Ending Scheduled Balance for Premium Loans ~~261~~260,~~740~~022,~~514~~783.2302 Scheduled Principal ~~293~~296,~~648~~731.5862 Unscheduled Principal ~~435~~1,~~394~~420,999.8659

Curtailments $ 3036,~~858~~086.3156 Servicing Advance Recovery $ 1019,~~056~~986.1188 Pre-Funding Account remaining amount $ 0.00 First Payment Loan Account remaining ~~amou~~amount $ 57.3193 P & I Advance $ 1,~~550~~627,~~564~~954.2205 P & I Recovery $ 1,~~006~~600,~~588~~063.0936

Miscellaneous Reporting Required OC Amount 4,605,234.10 Subordination Deficiency Amount 0905.0020 Excess Overcollateralization 0.00 Subordination Reduction 0.00 Subordination Increase (0.00) Overcollateralization Amount 4,605,234.10 Extra Interest paid as Principal 0905.0020 Three Month Delinquency Rate 0.~~052030~~110914% Delinquency Event NO Cumulative Loss Event NO Step Down Date Occurred NO Trigger Event NO

Group Level Collateral Statement Group 1 2 Total Collateral Description Mixed ARM Mixed Fixed Mixed Fixed & Arm Weighted Average Coupon Rate 8.~~497444~~497772 8.~~581657~~589816 8.~~558795~~564779 Weighted Average Net Rate 8.~~148473~~197772 8.~~240407~~289816 8.~~215482~~264779 Pass-Through Rate 8.180272 8.272316 8.247279 Weighted Average Maturity ~~311~~310 ~~347~~346 ~~321~~320 Beginning Loan Count ~~499~~583 1,~~325~~509 12,~~824~~092 Loans Paid In Full ~~(84)~~0 ~~(184)~~9 ~~(268)~~9 Ending Loan Count 583 1,~~509~~500 2,~~092~~083 Beginning Scheduled Balance 6171,~~256~~195,~~379~~800.1732 ~~168~~190,~~099~~544,~~829~~713.2091 ~~229~~261,~~356~~740,~~208~~514.3723 Ending scheduled Balance 71,~~195~~135,~~800~~668.3269 ~~190~~188,~~544~~887,~~713~~114.9133 ~~261~~260,~~740~~022,~~514~~783.2302 Record Date 0405/3031/2003 0405/3031/2003 0405/3031/2003 Principal And Interest Constant 558,~~080~~187.0862 1,~~607~~606,~~587~~668.7378 2,~~165~~164,~~667~~856.8140 Scheduled Principal 5354,~~503~~016.7824 ~~240~~242,~~144~~715.8038 ~~293~~296,~~648~~731.5862 Unscheduled Principal 6,~~423~~115.6939 ~~428~~1,~~971~~414,884.1720 ~~435~~1,~~394~~420,999.8659 Scheduled Interest 504,~~576~~171.3038 1,~~367~~363,~~442~~953.9340 1,~~872~~868,~~019~~124.2378 Servicing Fees 17,~~814~~798.0899 47,~~803~~636.8103 65,~~617~~435.8902 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 1,~~039~~038.1425 32,~~271~~778.4446 43,~~310~~816.5871 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 485,~~723~~334.0714 1,~~316~~313,~~850~~538.6491 1,~~802~~798,~~573~~873.7105 Realized Loss Amount 0.00 0905.0020 0905.0020 Cumulative Realized Loss 0.00 0905.0020 0905.0020 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 ~~Pass-Through Rate 8.179944 8.264157 8.241295~~

Filing Compare · RENAISSANCE MORT ACCEPT CORP HOME EQ LN AS BK CER SE 03 1