8-K 1 abf03wf1.txt JULY 8K 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): July 25, 2003 ASSET BACKED FUNDING CORPORATION Asset Backed Certificates, Series 2003-WF1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-90830-02 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 July 25, 2003 a distribution was made to holders of ASSET BACKED FUNDING CORPORATION, Asset Backed Certificates, Series 2003-WF1 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 Asset Backed Certificates, Series 2003-WF1 Trust, relating to the July 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. ASSET BACKED FUNDING CORPORATION Asset Backed Certificates, Series 2003-WF1 Trust By: Wells Fargo Bank Minnesota, N.A. as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 8/1/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2003-WF1 Trust, relating to the July 25, 2003 distribution. EX-99.1

Asset Backed Funding Corporation Asset Backed Certificates Record Date: 56/3130/03 Distribution Date: 67/25/03 ABFC Series: 2003-WF1 Contact: Customer Service - SecuritiesLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 846-8130 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A1 04542BCC4 SEN 1.90200% 2924,~~339~~763,~~604~~201.6493 4639,~~503~~249.2162 46,~~576~~792,~~402~~730.7132 A2 04542BCD2 SEN 1.98200% 216,850,000.00 358,163.3938 0.00 M1 04542BCE0 SUB 21.~~04000~~75500% 14,609,000.00 2421,~~007~~365.4263 0.00 M2 04542BCF7 SUB 32.~~07000~~78500% 11,688,000.00 2827,~~905~~125.0587 0.00 M3 04542BCG5 SUB 4.~~37000~~08500% 10,226,000.00 3534,~~998~~810.3498 0.00 M4 04542BCH3 SUB 4.~~57000~~28500% 2,922,000.00 10,~~757~~433.0197 0.00 CE ABF03W1CE SUB 0.00000% 1,460,948.82 1,~~273~~259,~~958~~552.6959 0.00 R ABF03W1R1 SEN 0.00000% 0.00 0.00 0.00 P ABF03WF1P SEN 0.00000% 0.01 94108,~~677~~869.1732 0.00 Totals ~~287~~282,~~095~~519,~~553~~150.4776 1,~~872~~859,~~970~~571.2836 46,~~576~~792,~~402~~730.7132

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 2417,~~763~~970,~~201~~471.9361 46,~~622~~831,~~905~~979.9294 0.00 A2 0.00 216,850,000.00 358,163.3938 0.00 M1 0.00 14,609,000.00 2421,~~007~~365.4263 0.00 M2 0.00 11,688,000.00 2827,~~905~~125.0587 0.00 M3 0.00 10,226,000.00 3534,~~998~~810.3498 0.00 M4 0.00 2,922,000.00 10,~~757~~433.0197 0.00 CE 0.01 1,460,948.82 1,~~273~~259,~~958~~552.6959 0.0102 R 0.00 0.00 0.00 0.00 P 0.00 0.01 94108,~~677~~869.1732 0.00 Totals 0.01 ~~282~~275,~~519~~726,~~150~~420.7644 68,~~449~~652,~~372~~301.9968 0.0102 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) A1 34,433,000.00 2924,~~339~~763,~~604~~201.6493 0.00 46,~~576~~792,~~402~~730.7132 0.00 0.00 A2 216,850,000.00 216,850,000.00 0.00 0.00 0.00 0.00 M1 14,609,000.00 14,609,000.00 0.00 0.00 0.00 0.00 M2 11,688,000.00 11,688,000.00 0.00 0.00 0.00 0.00 M3 10,226,000.00 10,226,000.00 0.00 0.00 0.00 0.00 M4 2,922,000.00 2,922,000.00 0.00 0.00 0.00 0.00 CE 1,461,766.03 1,460,948.82 0.00 0.00 0.00 0.01 R 0.00 0.00 0.00 0.00 0.00 0.00 P 0.01 0.01 0.00 0.00 0.00 0.00 Totals 292,189,766.04 ~~287~~282,~~095~~519,~~553~~150.4776 0.00 46,~~576~~792,~~402~~730.7132 0.00 0.01 (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 A1 46,~~576~~792,~~402~~730.7132 2417,~~763~~970,~~201~~471.9361 0.~~71917062~~52189677 46,~~576~~792,~~402~~730.7132 A2 0.00 216,850,000.00 1.00000000 0.00 M1 0.00 14,609,000.00 1.00000000 0.00 M2 0.00 11,688,000.00 1.00000000 0.00 M3 0.00 10,226,000.00 1.00000000 0.00 M4 0.00 2,922,000.00 1.00000000 0.00 CE 0.01 1,460,948.82 0.99944094 0.00 R 0.00 0.00 0.00000000 0.00 P 0.00 0.01 1.00000000 0.00 Totals 46,~~576~~792,~~402~~730.7233 ~~282~~275,~~519~~726,~~150~~420.7644 0.~~96690296~~94365530 46,~~576~~792,~~402~~730.7132

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 34,433,000.00 ~~852~~719.~~07808323~~17061917 0.00000000 ~~132~~197.~~90746406~~27384544 0.00000000 A2 216,850,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M1 14,609,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 11,688,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 10,226,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 2,922,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 1,461,766.03 999.44094336 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 0.01 0.00000000 0.00000000 0.00000000 0.00000000 (2) All classes are per $1000 denomination

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A1 0.00000000 ~~132~~197.~~90746406~~27384544 ~~719~~521.~~17061917~~89677373 0.~~71917062~~52189677 ~~132~~197.~~90746406~~27384544 A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 0.00000684 0.00000684 999.44094336 0.99944094 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 1.00000000 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 A1 34,433,000.00 1.90200% 2924,~~339~~763,~~604~~201.6493 4639,~~503~~249.2768 0.00 0.00 A2 216,850,000.00 1.98200% 216,850,000.00 358,163.92 0.00 0.00 M1 14,609,000.00 21.~~04000~~75500% 14,609,000.00 2421,~~007~~365.4666 0.00 0.00 M2 11,688,000.00 32.~~07000~~78500% 11,688,000.00 2827,~~905~~125.0790 0.00 0.00 M3 10,226,000.00 4.~~37000~~08500% 10,226,000.00 3534,~~998~~811.3601 0.00 0.00 M4 2,922,000.00 4.~~57000~~28500% 2,922,000.00 10,~~757~~433.0298 0.00 0.00 CE 1,461,766.03 0.00000% 1,460,948.82 ~~1,273,958~~0.0300 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 P 0.01 0.00000% 0.01 ~~94,677~~0.1700 0.00 0.00 Totals 292,189,766.04 1491,~~872,970~~150.3015 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 A1 0.0006 0.00 4639,~~503~~249.2162 0.00 2417,~~763~~970,~~201~~471.9361 A2 0.0054 0.00 358,163.3938 0.00 216,850,000.00 M1 0.0004 0.00 2421,~~007~~365.4263 0.00 14,609,000.00 M2 0.0003 0.00 2827,~~905~~125.0587 0.00 11,688,000.00 M3 0.0003 0.00 3534,~~998~~810.3498 0.00 10,226,000.00 M4 0.0001 0.00 10,~~757~~433.0197 0.00 2,922,000.00 CE 0.00 0.00 1,~~273~~259,~~958~~552.6959 0.00 1,460,948.82 R 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 94108,~~677~~869.1732 0.00 0.01 Totals 0.0071 0.00 1,~~872~~859,~~970~~571.2836 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 A1 34,433,000.00 1.90200% ~~852~~719.~~07808323~~17061917 1.~~35054366~~13988557 0.00000000 0.00000000 A2 216,850,000.00 1.98200% 1000.00000000 1.65166668 0.00000000 0.00000000 M1 14,609,000.00 21.~~04000~~75500% 1000.00000000 1.~~64333356~~46249983 0.00000000 0.00000000 M2 11,688,000.00 32.~~07000~~78500% 1000.00000000 2.~~47305527~~32083333 0.00000000 0.00000000 M3 10,226,000.00 4.~~37000~~08500% 1000.00000000 3.~~52027772~~40416683 0.00000000 0.00000000 M4 2,922,000.00 4.~~57000~~28500% 1000.00000000 3.~~68138946~~57083504 0.00000000 0.00000000 CE 1,461,766.03 0.00000% 999.44094336 ~~871~~0.~~51979445~~00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 0.01 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All classes are per $1000 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 A1 0.~~00000000~~00000174 0.00000000 1.~~35054192~~13988383 0.00000000 ~~719~~521.~~17061917~~89677373 A2 0.~~00000000~~00000249 0.00000000 1.~~65166424~~65166419 0.00000000 1000.00000000 M1 0.~~00000000~~00000274 0.00000000 1.~~64333082~~46249778 0.00000000 1000.00000000 M2 0.~~00000000~~00000257 0.00000000 2.~~47305356~~32083077 0.00000000 1000.00000000 M3 0.~~00000000~~00000293 0.00000000 3.~~52027577~~40416390 0.00000000 1000.00000000 M4 0.~~00000000~~00000342 0.00000000 3.~~68138604~~57083162 0.00000000 1000.00000000 CE 0.00000000 0.00000000 ~~871~~861.~~52024596~~66497521 0.00000000 999.44094336 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 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 68,~~463~~629,~~760~~261.3158 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1638,~~898~~126.6707 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 94108,~~677~~869.1732 Total Deposits 68,~~575~~776,~~336~~256.1597 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~125~~123,~~963~~955.1629 Payment of Interest and Principal 68,~~449~~652,~~372~~301.9968 Total Withdrawals (Pool Distribution Amount) 68,~~575~~776,~~336~~256.1597 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~119~~117,~~623~~716.1534 Credit Risk Manager 4,~~186~~120.7805 Securities Admin Fee - Wells Fargo 2,~~153~~118.2390 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~125~~123,~~963~~955.1629

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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 124 0 0 0 124 ~~115~~2,~~634~~730,880.4530 0.00 0.00 0.00 ~~115~~2,~~634~~730,880.4530 90 Days 02 02 07 0 011 0200,538.0038 0120,043.0006 01,335,321.0013 0.00 01,655,902.0057 120 Days 01 0 0 0 01 0370,001.0061 0.00 0.00 0.00 0370,001.0061 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 127 02 07 0 136 ~~115~~3,~~634~~301,420.4529 0120,043.0006 01,335,321.0013 0.00 ~~115~~4,~~634~~756,784.4548 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 01.~~049702~~217039% 0.000000% 0.000000% 0.000000% 01.~~049702~~217039% 0.~~040900~~989661% 0.000000% 0.000000% 0.000000% 0.~~040900~~989661% 90 Days 0.~~000000~~101420% 0.~~000000~~101420% 0.~~000000~~354970% 0.000000% 0.~~000000~~557809% 0.~~000000~~072674% 0.~~000000~~043503% 0.~~000000~~483916% 0.000000% 0.~~000000~~600093% 120 Days 0.~~000000~~050710% 0.000000% 0.000000% 0.000000% 0.~~000000~~050710% 0.~~000000~~134087% 0.000000% 0.000000% 0.000000% 0.~~000000~~134087% 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 01.~~049702~~369168% 0.~~000000~~101420% 0.~~000000~~354970% 0.000000% 01.~~049702~~825558% 01.~~040900~~196423% 0.~~000000~~043503% 0.~~000000~~483916% 0.000000% 01.~~040900~~723842%

Delinquency Status By Groups

~~Delinquency Status By Groups~~ DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 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 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 124 0 0 0 124 ~~115~~2,~~634~~730,880.4530 0.00 0.00 0.00 ~~115~~2,~~634~~730,880.4530 90 Days 02 02 07 0 011 0200,538.0038 0120,043.0006 01,335,321.0013 0.00 01,655,902.0057 120 Days 01 0 0 0 01 0370,001.0061 0.00 0.00 0.00 0370,001.0061 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 127 02 07 0 136 ~~115~~3,~~634~~301,420.4529 0120,043.0006 01,335,321.0013 0.00 ~~115~~4,~~634~~756,784.4548 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 03.~~141643~~433476% 0.000000% 0.000000% 0.000000% 03.~~141643~~433476% 02.~~122971~~932252% 0.000000% 0.000000% 0.000000% 02.~~122971~~932252% 90 Days 0.~~000000~~286123% 0.~~000000~~286123% 01.~~000000~~001431% 0.000000% 01.~~000000~~573677% 0.~~000000~~215326% 0.~~000000~~128895% 01.~~000000~~433786% 0.000000% 01.~~000000~~778006% 120 Days 0.~~000000~~143062% 0.000000% 0.000000% 0.000000% 0.~~000000~~143062% 0.~~000000~~397285% 0.000000% 0.000000% 0.000000% 0.~~000000~~397285% 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 03.~~141643~~862661% 0.~~000000~~286123% 01.~~000000~~001431% 0.000000% 05.~~141643~~150215% 03.~~122971~~544862% 0.~~000000~~128895% 01.~~000000~~433786% 0.000000% 05.~~122971~~107543% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2 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 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1638,~~898~~126.6707

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.~~959397~~962606% Weighted Average Net Coupon 7.~~459397~~462606% Weighted Average Pass-Through Rate 7.~~432897~~436106% Weighted Average Maturity(Stepdown Calculation ) ~~331~~330 Beginning Scheduled Collateral Loan Count 2,~~041~~012 Number Of Loans Paid In Full 2940 Ending Scheduled Collateral Loan Count 21,~~012~~972 Beginning Scheduled Collateral Balance ~~287~~282,~~095~~519,~~553~~150.4776 Ending Scheduled Collateral Balance ~~282~~275,~~519~~726,~~150~~420.7644 Ending Actual Collateral Balance at 3130-~~May~~Jun-2003 ~~282~~275,~~725~~940,~~157~~852.7065 Monthly P &I Constant 2,~~465~~103,~~154~~641.2600 Special Servicing Fee 0.00 Prepayment Penalties 94108,~~677~~869.1732 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~282~~275,~~519~~726,~~150~~420.7644 Scheduled Principal ~~560~~228,~~898~~983.0171 Unscheduled Principal 46,~~015~~563,~~504~~746.7061 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 1,460,948.83 Overcollateralized Amount 1,460,948.83 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 1,~~273~~259,~~958~~552.6959

~~Group~~Miscellaneous ~~Level~~Reporting ~~Collateral~~Three ~~Statement~~Month ~~Group~~Rolling 1Percentage 2 Total Collateral Description Mixed Fixed Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.345687 8.265721 7.959397 Weighted Average Net Rate 6.845687 7.765721 7.459397 Pass-Through Rate 6.819187 7.739221 7.432897 Weighted Average Maturity 331 331 331 Beginning Loan Count 715 1,326 2,041 Loans Paid In Full 9 20 29 Ending Loan Count 706 1,306 2,012 Beginning Scheduled Balance 95,588,041.31 191,507,512.16 287,095,553.47 Ending scheduled Balance 93,947,862.65 188,571,288.11 282,519,150.76 Record Date 05/31/2003 05/31/2003 05/31/2003 Principal And Interest Constant 813,325.21 1,651,829.05 2,465,154.26 Scheduled Principal 228,191.99 332,706.02 560,898.01 Unscheduled Principal 1,411,986.67 2,603,518.03 4,015,504.70 Scheduled Interest 585,133.22 1,319,123.03 1,904,256.25 Servicing Fees 39,828.34 79,794.81 119,623.15 Master Servicing Fees 0.00621750% ~~0.00~~Credit ~~0.00~~Enhancement ~~Trustee~~Percentage ~~Fee 0~~14.008357% 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 2,110.91 4,229.10 6,340.01 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 543,193.97 1,235,099.12 1,778,293.09 Realized Loss Amount 0.00 0.00 0.00 Cumulative ~~Realized~~ Loss ~~0.00 0.00 0.00~~ 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~~000%

Filing Compare · ABFC MORTGAGE LOAN ASSET BACKED CERT SERIES 2003-WF1