8-K 1 sal03nb1_oct.txt OCTOBER 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): October 27, 2003 SALOMON BROTHERS MORTGAGE SECURITIES VII, INC. Mortgage Pass-Through Certificates, Series 2003-NB1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-83816-09 54-2105542 Pooling and Servicing Agreement) (Commission 54-2105543 (State or other File Number) 54-2105544 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, Maryland 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 October 27, 2003 a distribution was made to holders of SALOMON BROTHERS MORTGAGE SECURITIES VII, INC., Mortgage Pass-Through Certificates, Series 2003-NB1 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 Mortgage Pass-Through Certificates, Series 2003-NB1 Trust, relating to the October 27, 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. SALOMON BROTHERS MORTGAGE SECURITIES VII, INC. Mortgage Pass-Through Certificates, Series 2003-NB1 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 10/30/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-NB1 Trust, relating to the October 27, 2003 distribution. EX-99.1

Salomon Brothers Mortgage Securities VII, Inc. Mortgage Pass-Through Certificates Record Date: 89/3130/03 Distribution Date: 910/2527/03 SBMSVII Series: 2003-NB1 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 AV-1 79549ASB6 SEN 5.~~22570~~13610% ~~109~~102,~~282~~812,~~278~~134.0108 ~~475~~440,~~896~~044.7819 6,~~470~~633,~~143~~008.9317 AV-2 79549ASC4 SEN 6.~~30926~~29460% 4039,~~922~~432,~~502~~078.5524 ~~215~~206,~~158~~841.9509 13,~~490~~137,~~424~~725.3175 AV-3 79549ASD2 SEN 5.~~93856~~93665% 5045,~~070~~645,~~174~~241.2193 ~~247~~225,~~787~~816.2533 45,~~424~~336,~~932~~816.2847 AV-4 79549ASE0 SEN 5.~~25166~~21304% 8780,~~728~~048,~~629~~334.1699 ~~383~~347,~~933~~746.8127 7,~~680~~917,~~294~~774.1709 AF 79549ASF7 SEN 6.25000% ~~146~~134,~~598~~945,~~284~~927.6099 ~~763~~702,~~532~~842.7347 1113,~~652~~948,~~356~~660.6184 PO SAL03NBPO SEN 0.00000% 65,~~499~~990,~~739~~619.8388 0.00 ~~509~~732,~~119~~974.9488 IO SAL03NBIO SEN 0.~~96183~~98299% 0.00 8177,~~498~~785.5271 0.00 BV-1 SAL03NBV1 SUB 5.~~52955~~48230% 1817,~~030~~995,~~260~~453.21 83 82,~~082~~213.6873 3435,~~806~~276.3833 BV-2 SAL03NBV2 SUB 5.~~52955~~48230% 9,~~545~~526,~~024~~597.0492 43,~~983~~523.0706 18,~~426~~674.1291 BV-3 SAL03NBV3 SUB 5.~~52955~~48230% 7,~~212~~198,~~500~~576.2795 3332,~~234~~887.9030 1314,~~923~~111.3231 BV-4 SAL03NBV4 SUB 5.~~52955~~48230% 5,~~089~~080,~~953~~127.1629 23,~~454~~208.2999 9,~~825~~958.8653 BV-5 SAL03NBV5 SUB 5.~~52955~~48230% 4,~~031~~023,~~155~~373.7482 18,~~575~~381.4012 7,~~781~~886.9198 BV-6 SAL03NBV6 SUB 5.~~52955~~48230% 4,~~878~~869,~~865~~447.7841 22,~~481~~246.6148 9,~~418~~545.3754 BF-1 SAL03NBF1 SUB 6.25000% 4,~~272~~255,~~486~~032.2249 22,~~252~~161.5360 17,~~453~~511.7360 BF-2 SAL03NBF2 SUB 6.25000% 2,~~991~~978,~~034~~815.2645 15,~~578~~514.3164 12,~~218~~259.8132 BF-3 SAL03NBF3 SUB 6.25000% 1,~~816~~808,~~369~~949.9783 9,~~460~~421.2560 7,~~420~~444.1474 BF-4 SAL03NBF4 SUB 6.25000% 1,~~282~~277,~~431~~192.6674 6,~~679~~652.3204 5,~~238~~256.9229 BF-5 SAL03NBF5 SUB 6.25000% ~~854~~850,~~301~~811.3036 4,~~449~~431.4830 3,~~489~~501.9552 BF-6 SAL03NBF6 SUB 6.25000% 1,~~602~~596,~~799~~251.1548 8,~~347~~313.9280 6,~~547~~569.6738 R-I SAL03NBR1 SEN 5.~~34098~~34551% 0.00 0.00 0.00 R-II SAL03NBR2 SEN 6.25000% 0.00 0.00 0.00 R-III SAL03NBR3 SEN 0.00000% 0.00 0.00 0.00 Totals ~~502~~470,~~708~~334,~~790~~967.1268 2,~~459~~290,~~387~~031.8072 3237,~~373~~854,~~822~~956.4265

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses AV-1 0.00 ~~102~~96,~~812~~179,~~134~~125.0891 67,~~946~~073,~~040~~052.7136 0.00 AV-2 0.00 3936,~~432~~294,~~078~~352.2449 13,~~705~~344,~~583~~566.2684 0.00 AV-3 0.00 4540,~~645~~308,~~241~~425.9346 45,~~672~~562,~~719~~632.5380 0.00 AV-4 0.00 8072,~~048~~130,~~334~~560.9990 8,~~064~~265,~~227~~520.9836 0.00 AF 0.00 ~~134~~120,~~945~~997,~~927~~267.9915 1214,~~415~~651,~~889~~503.3431 0.00 PO 0.00 5,~~990~~257,~~619~~645.8800 ~~509~~732,~~119~~974.9488 0.00 IO 0.00 0.00 8177,~~498~~785.5271 0.00 BV-1 0.00 17,~~995~~960,~~453~~177.8350 117,~~889~~490.06 0.00 BV-2 0.00 9,~~526~~507,~~597~~923.9202 62,~~409~~197.1997 0.00 BV-3 0.00 7,~~198~~184,~~576~~465.9564 4746,~~158~~998.2261 0.00 BV-4 0.00 5,~~080~~070,~~127~~168.2976 33,~~280~~167.1552 0.00 BV-5 0.00 4,~~023~~015,~~373~~486.8284 26,~~357~~268.3110 0.00 BV-6 0.00 4,~~869~~859,~~447~~901.4187 31,~~899~~792.9802 0.00 BF-1 0.00 4,~~255~~237,~~032~~520.4989 39,~~706~~673.2620 0.00 BF-2 0.00 2,~~978~~966,~~815~~556.4513 27,~~797~~773.1296 0.00 BF-3 0.00 1,~~808~~801,~~949~~505.8310 16,~~880~~866.3934 0.00 BF-4 0.00 1,~~277~~271,~~192~~936.7445 11,~~918~~908.2433 0.00 BF-5 0.00 ~~850~~847,~~811~~309.3684 7,~~939~~932.4382 0.00 BF-6 0.00 1,~~596~~589,~~251~~682.4810 14,~~895~~883.5918 2.44 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 Totals 0.00 ~~470~~432,~~334~~480,~~967~~011.6805 3440,~~833~~144,~~210~~988.2237 2.44 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) AV-1 145,500,000.00 ~~109~~102,~~282~~812,~~278~~134.0108 ~~304~~292,~~796~~387.3349 6,~~165~~340,~~347~~620.6068 0.00 0.00 AV-2 55,149,000.00 4039,~~922~~432,~~502~~078.5524 5251,~~759~~687.4475 13,~~437~~086,~~664~~038.8700 0.00 0.00 AV-3 73,406,000.00 5045,~~070~~645,~~174~~241.2193 6256,~~015~~658.0248 45,~~362~~280,~~917~~157.2699 0.00 0.00 AV-4 105,016,000.00 8780,~~728~~048,~~629~~334.1699 ~~137~~127,~~699~~289.2991 7,~~542~~790,~~594~~484.8818 0.00 0.00 AF 197,025,120.80 ~~146~~134,~~598~~945,~~284~~927.6099 ~~598~~555,~~875~~370.4035 1113,~~053~~393,~~481~~290.2149 0.00 0.00 PO 7,970,879.20 65,~~499~~990,~~739~~619.8388 2726,~~974~~005.3279 ~~481~~706,~~145~~969.6210 0.00 0.00 IO 0.00 0.00 0.00 0.00 0.00 0.00 BV-1 18,204,000.00 1817,~~030~~995,~~260~~453.2183 3435,~~806~~276.3833 0.00 0.00 0.00 BV-2 9,637,000.00 9,~~545~~526,~~024~~597.0492 18,~~426~~674.1291 0.00 0.00 0.00 BV-3 7,282,000.00 7,~~212~~198,~~500~~576.2795 1314,~~923~~111.3231 0.00 0.00 0.00 BV-4 5,139,000.00 5,~~089~~080,~~953~~127.1629 9,~~825~~958.8653 0.00 0.00 0.00 BV-5 4,070,000.00 4,~~031~~023,~~155~~373.7482 7,~~781~~886.9198 0.00 0.00 0.00 BV-6 4,925,878.58 4,~~878~~869,~~865~~447.7841 9,~~418~~545.3754 0.00 0.00 0.00 BF-1 4,361,000.00 4,~~272~~255,~~486~~032.2249 17,~~453~~511.7360 0.00 0.00 0.00 BF-2 3,053,000.00 2,~~991~~978,~~034~~815.2645 12,~~218~~259.8132 0.00 0.00 0.00 BF-3 1,854,000.00 1,~~816~~808,~~369~~949.9783 7,~~420~~444.1474 0.00 0.00 0.00 BF-4 1,309,000.00 1,~~282~~277,~~431~~192.6674 5,~~238~~256.9229 0.00 0.00 0.00 BF-5 872,000.00 ~~854~~850,~~301~~811.3036 3,~~489~~501.9552 0.00 0.00 0.00 BF-6 1,636,004.60 1,~~602~~596,~~799~~251.1548 6,~~547~~569.6738 0.00 0.00 0.00 R-I 100.00 0.00 0.00 0.00 0.00 0.00 R-II 100.00 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 0.00 Totals 646,410,083.18 ~~502~~470,~~708~~334,~~790~~967.1268 1,~~330~~257,~~670~~396.9822 3136,~~043~~597,~~151~~560.44 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 AV-1 6,~~470~~633,~~143~~008.9317 ~~102~~96,~~812~~179,~~134~~125.0891 0.~~70661261~~66102492 6,~~470~~633,~~143~~008.9317 AV-2 13,~~490~~137,~~424~~725.3175 3936,~~432~~294,~~078~~352.2449 0.~~71500985~~65811443 13,~~490~~137,~~424~~725.3175 AV-3 45,~~424~~336,~~932~~816.2847 4540,~~645~~308,~~241~~425.9346 0.~~62181895~~54911622 45,~~424~~336,~~932~~816.2847 AV-4 7,~~680~~917,~~294~~774.1709 8072,~~048~~130,~~334~~560.9990 0.~~76224894~~68685306 7,~~680~~917,~~294~~774.1709 AF 1113,~~652~~948,~~356~~660.6184 ~~134~~120,~~945~~997,~~927~~267.9915 0.~~68491737~~61412101 1113,~~652~~948,~~356~~660.6184 PO ~~509~~732,~~119~~974.9488 5,~~990~~257,~~619~~645.8800 0.~~75156325~~65960666 ~~509~~732,~~119~~974.9488 IO 0.00 0.00 0.00000000 0.00 BV-1 3435,~~806~~276.3833 17,~~995~~960,~~453~~177.8350 0.~~98854394~~98660610 3435,~~806~~276.3833 BV-2 18,~~426~~674.1291 9,~~526~~507,~~597~~923.9202 0.~~98854394~~98660610 18,~~426~~674.1291 BV-3 1314,~~923~~111.3231 7,~~198~~184,~~576~~465.9564 0.~~98854394~~98660610 1314,~~923~~111.3231 BV-4 9,~~825~~958.8653 5,~~080~~070,~~127~~168.2976 0.~~98854394~~98660610 9,~~825~~958.8653 BV-5 7,~~781~~886.9198 4,~~023~~015,~~373~~486.8284 0.~~98854394~~98660610 7,~~781~~886.9198 BV-6 9,~~418~~545.3754 4,~~869~~859,~~447~~901.4187 0.~~98854394~~98660610 9,~~418~~545.3754 BF-1 17,~~453~~511.7360 4,~~255~~237,~~032~~520.4989 0.~~97570110~~97168560 17,~~453~~511.7360 BF-2 12,~~218~~259.8132 2,~~978~~966,~~815~~556.4513 0.~~97570110~~97168560 12,~~218~~259.8132 BF-3 7,~~420~~444.1474 1,~~808~~801,~~949~~505.8310 0.~~97570109~~97168560 7,~~420~~444.1474 BF-4 5,~~238~~256.9229 1,~~277~~271,~~192~~936.7445 0.~~97570110~~97168560 5,~~238~~256.9229 BF-5 3,~~489~~501.9552 ~~850~~847,~~811~~309.3684 0.~~97570110~~97168560 3,~~489~~501.9552 BF-6 6,~~547~~569.6738 1,~~596~~589,~~251~~682.4810 0.~~97570110~~97168559 6,~~547~~569.6738 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 Totals 3237,~~373~~854,~~822~~956.4265 ~~470~~432,~~334~~480,~~967~~011.6805 0.~~72761082~~66904899 3237,~~373~~854,~~822~~956.4265

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion AV-1 145,500,000.00 ~~751~~706.~~08094852~~61260536 2.~~09482014~~00953601 4243.~~37352302~~57814900 0.00000000 AV-2 55,149,000.00 ~~742~~715.~~03525993~~00985041 0.~~95667084~~93723821 2655.~~06873869~~95818601 0.00000000 AV-3 73,406,000.00 ~~682~~621.~~09920456~~81895118 0.~~84482222~~77185080 5971.~~43543116~~93087745 0.00000000 AV-4 105,016,000.00 ~~835~~762.~~38345738~~24894292 1.~~31122200~~21210016 7174.~~82329245~~18378323 0.00000000 AF 197,025,120.80 ~~744~~684.~~05884897~~91737217 32.~~03958905~~81877939 5667.~~10188774~~97757786 0.00000000 PO 7,970,879.20 ~~815~~751.~~43574641~~56325039 3.~~50956517~~26259994 6088.~~36292960~~69399250 0.00000000 IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 BV-1 18,204,000.00 ~~990~~988.~~45595528~~54393705 1.~~91201824~~93783399 0.00000000 0.00000000 BV-2 9,637,000.00 ~~990~~988.~~45595517~~54393691 1.~~91201826~~93783439 0.00000000 0.00000000 BV-3 7,282,000.00 ~~990~~988.~~45595578~~54393711 1.~~91201868~~93783439 0.00000000 0.00000000 BV-4 5,139,000.00 ~~990~~988.~~45595641~~54393656 1.~~91201790~~93783421 0.00000000 0.00000000 BV-5 4,070,000.00 ~~990~~988.~~45595577~~54393612 1.~~91201720~~93783292 0.00000000 0.00000000 BV-6 4,925,878.58 ~~990~~988.~~45595639~~54393808 1.~~91201830~~93783502 0.00000000 0.00000000 BF-1 4,361,000.00 ~~979~~975.~~70332951~~70109837 4.~~00223114~~01550103 0.00000000 0.00000000 BF-2 3,053,000.00 ~~979~~975.~~70332787~~70109728 4.~~00223059~~01549951 0.00000000 0.00000000 BF-3 1,854,000.00 ~~979~~975.~~70332794~~70109493 4.~~00223301~~01550162 0.00000000 0.00000000 BF-4 1,309,000.00 ~~979~~975.~~70333079~~70110008 4.~~00223071~~01550038 0.00000000 0.00000000 BF-5 872,000.00 ~~979~~975.~~70332569~~70110092 4.~~00223624~~01550459 0.00000000 0.00000000 BF-6 1,636,004.60 ~~979~~975.~~70332724~~70109522 4.~~00223202~~01550216 0.00000000 0.00000000 R-I 100.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 100.00 0.00000000 0.00000000 0.00000000 0.00000000 R-III 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 AV-1 0.00000000 4445.~~46834316~~58768502 ~~706~~661.~~61260536~~02492034 0.~~70661261~~66102492 4445.~~46834316~~58768502 AV-2 0.00000000 2756.~~02540953~~89542421 ~~715~~658.~~00985041~~11442619 0.~~71500985~~65811443 2756.~~02540953~~89542421 AV-3 0.00000000 6072.~~28025339~~70272825 ~~621~~549.~~81895118~~11622292 0.~~62181895~~54911622 6072.~~28025339~~70272825 AV-4 0.00000000 7375.~~13451445~~39588339 ~~762~~686.~~24894292~~85305953 0.~~76224894~~68685306 7375.~~13451445~~39588339 AF 0.00000000 5970.~~14147680~~79635725 ~~684~~614.~~91737217~~12101492 0.~~68491737~~61412101 5970.~~14147680~~79635725 PO 0.00000000 6391.~~87249477~~95659119 ~~751~~659.~~56325039~~60665920 0.~~75156325~~65960666 6391.~~87249477~~95659119 IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 BV-1 0.00000000 1.~~91201824~~93783399 ~~988~~986.~~54393705~~60610305 0.~~98854394~~98660610 1.~~91201824~~93783399 BV-2 0.00000000 1.~~91201826~~93783439 ~~988~~986.~~54393691~~60610356 0.~~98854394~~98660610 1.~~91201826~~93783439 BV-3 0.00000000 1.~~91201868~~93783439 ~~988~~986.~~54393711~~60610272 0.~~98854394~~98660610 1.~~91201868~~93783439 BV-4 0.00000000 1.~~91201790~~93783421 ~~988~~986.~~54393656~~60610235 0.~~98854394~~98660610 1.~~91201790~~93783421 BV-5 0.00000000 1.~~91201720~~93783292 ~~988~~986.~~54393612~~60610319 0.~~98854394~~98660610 1.~~91201720~~93783292 BV-6 0.00000000 1.~~91201830~~93783502 ~~988~~986.~~54393808~~60610307 0.~~98854394~~98660610 1.~~91201830~~93783502 BF-1 0.00000000 4.~~00223114~~01550103 ~~975~~971.~~70109837~~68559734 0.~~97570110~~97168560 4.~~00223114~~01550103 BF-2 0.00000000 4.~~00223059~~01549951 ~~975~~971.~~70109728~~68559777 0.~~97570110~~97168560 4.~~00223059~~01549951 BF-3 0.00000000 4.~~00223301~~01550162 ~~975~~971.~~70109493~~68559871 0.~~97570109~~97168560 4.~~00223301~~01550162 BF-4 0.00000000 4.~~00223071~~01550038 ~~975~~971.~~70110008~~68559969 0.~~97570110~~97168560 4.~~00223071~~01550038 BF-5 0.00000000 4.~~00223624~~01550459 ~~975~~971.~~70110092~~68559633 0.~~97570110~~97168560 4.~~00223624~~01550459 BF-6 0.00000000 4.~~00223202~~01550216 ~~975~~971.~~70109522~~68559306 0.~~97570110~~97168559 4.~~00223202~~01550216 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, ~~Bankrupcy~~Bankruptcy, 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 AV-1 145,500,000.00 5.~~22570~~13610% ~~109~~102,~~282~~812,~~278~~134.0108 ~~475~~440,~~896~~044.7820 0.00 0.00 AV-2 55,149,000.00 6.~~30926~~29460% 4039,~~922~~432,~~502~~078.5524 ~~215~~206,~~158~~841.9509 0.00 0.00 AV-3 73,406,000.00 5.~~93856~~93665% 5045,~~070~~645,~~174~~241.2193 ~~247~~225,~~787~~816.2533 0.00 0.00 AV-4 105,016,000.00 5.~~25166~~21304% 8780,~~728~~048,~~629~~334.1699 ~~383~~347,~~933~~746.8127 0.00 0.00 AF 197,025,120.80 6.25000% ~~146~~134,~~598~~945,~~284~~927.6099 ~~763~~702,~~532~~843.7337 0.00 0.00 PO 7,970,879.20 0.00000% 65,~~499~~990,~~739~~619.8388 0.00 0.00 0.00 IO 0.00 0.~~96183~~98299% ~~101~~94,~~681~~958,~~129~~728.1022 8177,~~500~~785.1981 0.00 0.00 BV-1 18,204,000.00 5.~~52955~~48230% 1817,~~030~~995,~~260~~453.21 83 82,~~082~~213.6873 0.00 0.00 BV-2 9,637,000.00 5.~~52955~~48230% 9,~~545~~526,~~024~~597.0492 43,~~983~~523.0706 0.00 0.00 BV-3 7,282,000.00 5.~~52955~~48230% 7,~~212~~198,~~500~~576.2795 3332,~~234~~887.9030 0.00 0.00 BV-4 5,139,000.00 5.~~52955~~48230% 5,~~089~~080,~~953~~127.1629 23,~~454~~208.2999 0.00 0.00 BV-5 4,070,000.00 5.~~52955~~48230% 4,~~031~~023,~~155~~373.7482 18,~~575~~381.4012 0.00 0.00 BV-6 4,925,878.58 5.~~52955~~48230% 4,~~878~~869,~~865~~447.7841 22,~~481~~246.6148 0.00 0.00 BF-1 4,361,000.00 6.25000% 4,~~272~~255,~~486~~032.2249 22,~~252~~161.5363 0.00 0.00 BF-2 3,053,000.00 6.25000% 2,~~991~~978,~~034~~815.2645 15,~~578~~514.3066 0.00 0.00 BF-3 1,854,000.00 6.25000% 1,~~816~~808,~~369~~949.9783 9,~~460~~421.2661 0.00 0.00 BF-4 1,309,000.00 6.25000% 1,~~282~~277,~~431~~192.6674 6,~~679~~652.3305 0.00 0.00 BF-5 872,000.00 6.25000% ~~854~~850,~~301~~811.3036 4,~~449~~431.4931 0.00 0.00 BF-6 1,636,004.60 6.25000% 1,~~602~~596,~~799~~251.1548 8,~~347~~313.9181 0.00 0.00 R-I 100.00 5.~~34098~~34551% 0.00 0.00 0.00 0.00 R-II 100.00 6.25000% 0.00 0.00 0.00 0.00 R-III 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 646,410,083.18 2,~~459~~290,~~389~~032.4882 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 AV-1 0.00 0.00 ~~475~~440,~~896~~044.7819 0.00 ~~102~~96,~~812~~179,~~134~~125.0891 AV-2 0.00 0.00 ~~215~~206,~~158~~841.9509 0.00 3936,~~432~~294,~~078~~352.2449 AV-3 0.00 0.00 ~~247~~225,~~787~~816.2533 0.00 4540,~~645~~308,~~241~~425.9346 AV-4 0.00 0.00 ~~383~~347,~~933~~746.8127 0.00 8072,~~048~~130,~~334~~560.9990 AF 0.0090 0.00 ~~763~~702,~~532~~842.7347 0.00 ~~134~~120,~~945~~997,~~927~~267.9915 PO 0.00 0.00 0.00 0.00 5,~~990~~257,~~619~~645.8800 IO 10.6710 0.00 8177,~~498~~785.5271 0.00 9488,~~958~~197,~~728~~242.2263 BV-1 0.00 0.00 8382,~~082~~213.6873 0.00 17,~~995~~960,~~453~~177.8350 BV-2 0.00 0.00 43,~~983~~523.0706 0.00 9,~~526~~507,~~597~~923.9202 BV-3 0.00 0.00 3332,~~234~~887.9030 0.00 7,~~198~~184,~~576~~465.9564 BV-4 0.00 0.00 23,~~454~~208.2999 0.00 5,~~080~~070,~~127~~168.2976 BV-5 0.00 0.00 18,~~575~~381.4012 0.00 4,~~023~~015,~~373~~486.8284 BV-6 0.00 0.00 22,~~481~~246.6148 0.00 4,~~869~~859,~~447~~901.4187 BF-1 0.0003 0.00 22,~~252~~161.5360 0.00 4,~~255~~237,~~032~~520.4989 BF-2 0.0002 0.00 15,~~578~~514.3164 0.00 2,~~978~~966,~~815~~556.4513 BF-3 0.0001 0.00 9,~~460~~421.2560 0.00 1,~~808~~801,~~949~~505.8310 BF-4 0.0001 0.00 6,~~679~~652.3204 0.00 1,~~277~~271,~~192~~936.7445 BF-5 0.0001 0.00 4,~~449~~431.4830 0.00 ~~850~~847,~~811~~309.3684 BF-6 0.0001 0.00 8,~~347~~313.9280 0.00 1,~~596~~589,~~251~~682.4810 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 Totals 1.6709 0.00 2,~~459~~290,~~387~~031.8072 0.00 (4) Amount Does Not Include Excess Special Hazard, ~~Bankrupcy~~Bankruptcy, 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 AV-1 145,500,000.00 5.~~22570~~13610% ~~751~~706.~~08094852~~61260536 3.~~27076825~~02435876 0.00000000 0.00000000 AV-2 55,149,000.00 6.~~30926~~29460% ~~742~~715.~~03525993~~00985041 3.~~90141163~~75058641 0.00000000 0.00000000 AV-3 73,406,000.00 5.~~93856~~93665% ~~682~~621.~~09920456~~81895118 3.~~37557216~~07626529 0.00000000 0.00000000 AV-4 105,016,000.00 5.~~25166~~21304% ~~835~~762.~~38345738~~24894292 3.~~65595538~~31136465 0.00000000 0.00000000 AF 197,025,120.80 6.25000% ~~744~~684.~~05884897~~91737217 3.~~87530649~~56727795 0.00000000 0.00000000 PO 7,970,879.20 0.00000% ~~815~~751.~~43574641~~56325039 0.00000000 0.00000000 0.00000000 IO 0.00 0.~~96183~~98299% ~~750~~700.~~24552650~~64486577 0.~~60134219~~57393596 0.00000000 0.00000000 BV-1 18,204,000.00 5.~~52955~~48230% ~~990~~988.~~45595528~~54393705 4.~~56397935~~51624533 0.00000000 0.00000000 BV-2 9,637,000.00 5.~~52955~~48230% ~~990~~988.~~45595517~~54393691 4.~~56397945~~51624572 0.00000000 0.00000000 BV-3 7,282,000.00 5.~~52955~~48230% ~~990~~988.~~45595578~~54393711 4.~~56397968~~51624554 0.00000000 0.00000000 BV-4 5,139,000.00 5.~~52955~~48230% ~~990~~988.~~45595641~~54393656 4.~~56397937~~51624635 0.00000000 0.00000000 BV-5 4,070,000.00 5.~~52955~~48230% ~~990~~988.~~45595577~~54393612 4.~~56398034~~51624570 0.00000000 0.00000000 BV-6 4,925,878.58 5.~~52955~~48230% ~~990~~988.~~45595639~~54393808 4.~~56397973~~51624612 0.00000000 0.00000000 BF-1 4,361,000.00 6.25000% ~~979~~975.~~70332951~~70109837 5.~~10262096~~08177712 0.00000000 0.00000000 BF-2 3,053,000.00 6.25000% ~~979~~975.~~70332787~~70109728 5.~~10262037~~08177530 0.00000000 0.00000000 BF-3 1,854,000.00 6.25000% ~~979~~975.~~70332794~~70109493 5.~~10262136~~08177454 0.00000000 0.00000000 BF-4 1,309,000.00 6.25000% ~~979~~975.~~70333079~~70110008 5.~~10262032~~08177998 0.00000000 0.00000000 BF-5 872,000.00 6.25000% ~~979~~975.~~70332569~~70110092 5.~~10262615~~08177752 0.00000000 0.00000000 BF-6 1,636,004.60 6.25000% ~~979~~975.~~70332724~~70109522 5.~~10262013~~08177666 0.00000000 0.00000000 R-I 100.00 5.~~34098~~34551% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 100.00 6.25000% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All classes are per $1,000.00 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 AV-1 0.00000000 0.00000000 3.~~27076825~~02435869 0.00000000 ~~706~~661.~~61260536~~02492034 AV-2 0.00000000 0.00000000 3.~~90141163~~75058641 0.00000000 ~~715~~658.~~00985041~~11442619 AV-3 0.00000000 0.00000000 3.~~37557216~~07626529 0.00000000 ~~621~~549.~~81895118~~11622292 AV-4 0.00000000 0.00000000 3.~~65595538~~31136465 0.00000000 ~~762~~686.~~24894292~~85305953 AF 0.~~00000000~~00000457 0.00000000 3.~~87530649~~56727339 0.00000000 ~~684~~614.~~91737217~~12101492 PO 0.00000000 0.00000000 0.00000000 0.00000000 ~~751~~659.~~56325039~~60665920 IO 0.~~00001232~~00000074 0.00000000 0.~~60132987~~57393522 0.00000000 ~~700~~650.~~64486577~~75582184 BV-1 0.00000000 0.00000000 4.~~56397935~~51624533 0.00000000 ~~988~~986.~~54393705~~60610305 BV-2 0.00000000 0.00000000 4.~~56397945~~51624572 0.00000000 ~~988~~986.~~54393691~~60610356 BV-3 0.00000000 0.00000000 4.~~56397968~~51624554 0.00000000 ~~988~~986.~~54393711~~60610272 BV-4 0.00000000 0.00000000 4.~~56397937~~51624635 0.00000000 ~~988~~986.~~54393656~~60610235 BV-5 0.00000000 0.00000000 4.~~56398034~~51624570 0.00000000 ~~988~~986.~~54393612~~60610319 BV-6 0.00000000 0.00000000 4.~~56397973~~51624612 0.00000000 ~~988~~986.~~54393808~~60610307 BF-1 0.~~00000000~~00000688 0.00000000 5.~~10262096~~08177024 0.00000000 ~~975~~971.~~70109837~~68559734 BF-2 0.~~00000000~~00000655 0.00000000 5.~~10262365~~08176875 0.00000000 ~~975~~971.~~70109728~~68559777 BF-3 0.~~00000000~~00000539 0.00000000 5.~~10261597~~08176915 0.00000000 ~~975~~971.~~70109493~~68559871 BF-4 0.~~00000000~~00000764 0.00000000 5.~~10261268~~08177235 0.00000000 ~~975~~971.~~70110008~~68559969 BF-5 0.~~00000000~~00001147 0.00000000 5.~~10261468~~08176606 0.00000000 ~~975~~971.~~70110092~~68559633 BF-6 0.~~00000000~~00000611 0.00000000 5.~~10262624~~08177055 0.00000000 ~~975~~971.~~70109522~~68559306 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, ~~Bankrupcy~~Bankruptcy,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 3440,~~975~~277,~~013~~818.5199 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 3440,~~975~~277,~~013~~818.5199 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~141~~132,~~803~~830.2962 Payment of Interest and Principal 3440,~~833~~144,~~210~~988.2237 Total Withdrawals (Pool Distribution Amount) 3440,~~975~~277,~~013~~818.5199 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~139~~130,~~813~~968.4188 Trustee Fee - Wells Fargo Bank, N.A. 1,~~989~~861.8874 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~141~~132,~~803~~830.2962

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 100 0 0 0 100 ~~1,804,780~~0.6100 0.00 0.00 0.00 ~~1,804,780~~0.6100 60 Days 32 0 0 0 32 ~~267~~213,~~640~~569.9721 0.00 0.00 0.00 ~~267~~213,~~640~~569.9721 90 Days 0 02 0 0 02 0.00 0236,147.0002 0.00 0.00 0236,147.0002 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 132 02 0 0 134 2213,~~072,421~~569.5821 0236,147.0002 0.00 0.00 2449,~~072,421~~716.5823 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.~~226552~~000000% 0.000000% 0.000000% 0.000000% 0.~~226552~~000000% 0.~~383722~~000000% 0.000000% 0.000000% 0.000000% 0.~~383722~~000000% 60 Days 0.~~067966~~047585% 0.000000% 0.000000% 0.000000% 0.~~067966~~047585% 0.~~056904~~049382% 0.000000% 0.000000% 0.000000% 0.~~056904~~049382% 90 Days 0.000000% 0.~~000000~~047585% 0.000000% 0.000000% 0.~~000000~~047585% 0.000000% 0.~~000000~~054603% 0.000000% 0.000000% 0.~~000000~~054603% 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.~~294517~~047585% 0.~~000000~~047585% 0.000000% 0.000000% 0.~~294517~~095170% 0.~~440627~~049382% 0.~~000000~~054603% 0.000000% 0.000000% 0.~~440627~~103985%

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 154,195.00 0.02385405% 154,195.00 0.~~03278408~~03565367% Fraud 6,464,100.84 1.00000000% 6,464,100.84 1.~~37436110~~49465887% Special Hazard 3,232,051.00 0.50000009% 3,232,051.00 0.~~68718067~~74732957% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 06.~~000000~~181626% Weighted Average Pass-Through Rate 05.~~000000~~842725% Weighted Average Maturity(Stepdown Calculation ) ~~330~~329 Beginning Scheduled Collateral Loan Count 4,~~612~~414 Number Of Loans Paid In Full ~~198~~211 Ending Scheduled Collateral Loan Count 4,~~414~~203 Beginning Scheduled Collateral Balance ~~502~~470,~~708~~334,~~790~~967.1472 Ending Scheduled Collateral Balance ~~470~~432,~~334~~480,~~967~~011.7208 Ending Actual Collateral Balance at 3130-~~Aug~~Sep-2003 ~~470~~432,~~334~~480,~~967~~011.7208 Monthly P &I Constant 3,~~931~~680,~~862~~258.1357 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 3338,~~885~~975,~~961~~062.0139 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans ~~470~~432,~~334~~480,~~967~~011.7208 Scheduled Principal 1,~~330~~257,~~670~~396.9820 Unscheduled Principal 3136,~~043~~597,~~151~~560.44

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~605448~~515846 6.~~689011~~674354 6.~~318309~~316395 Weighted Average Net Rate 5.~~230448~~140846 6.~~314011~~299354 5.~~943309~~941395 Weighted Average Maturity ~~267~~266 ~~322~~321 ~~331~~330 Beginning Loan Count 1,~~568~~518 ~~330~~319 ~~265~~247 Loans Paid In Full 5045 1120 18 Ending Loan Count 1,~~518~~473 ~~319~~299 ~~247~~229 Beginning Scheduled Balance ~~127~~121,~~928~~406,~~633~~483.9091 4846,~~043~~543,~~042~~437.4597 5955,~~549~~112,~~101~~429.9442 Ending scheduled Balance ~~121~~114,~~406~~720,~~483~~595.9126 4643,~~543~~396,~~437~~390.9762 5549,~~112~~763,~~429~~861.4253 Record Date 0809/3130/2003 0809/3130/2003 0809/3130/2003 Principal And Interest Constant ~~954~~903,~~383~~317.4357 ~~329~~319,~~739~~882.9716 ~~387~~358,~~296~~503.6313 Scheduled Principal ~~356~~345,~~802~~267.3997 61,~~939~~009.6135 7368,~~755~~409.2690 Unscheduled Principal 6,~~165~~340,~~347~~620.6068 13,~~437~~086,~~664~~038.8700 45,~~362~~280,~~917~~157.2699 Scheduled Interest ~~597~~558,~~581~~049.0460 ~~267~~258,~~800~~872.3681 ~~313~~290,~~541~~093.3723 Servicing Fees 3937,~~977~~939.7053 1514,~~013~~544.4582 1817,~~609~~222.0963 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~506~~480.3857 ~~190~~184.1724 ~~235~~218.7115 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 ~~557~~519,~~096~~629.9650 ~~252~~244,~~596~~143.7475 ~~294~~272,~~696~~652.5745 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 Pass-Through Rate 5.136096 6.294604 5.936645

Group Level Collateral Statement Group Group 4 Group 5 Total Collateral Description Mixed ARM Mixed Fixed Mixed Fixed & Arm Weighted Average Coupon Rate 5.~~631406~~592794 6.~~849348~~868439 06.~~000000~~181626 Weighted Average Net Rate 5.~~256406~~217794 6.~~599349~~618439 5.~~875476~~847475 Weighted Average Maturity ~~322~~321 ~~181~~180 ~~330~~329 Beginning Loan Count ~~301~~280 2,~~148~~050 4,~~612~~414 Loans Paid In Full 2119 98109 ~~198~~211 Ending Loan Count ~~280~~261 21,~~050~~941 4,~~414~~203 Beginning Scheduled Balance ~~101~~93,~~270~~569,~~564~~015.8620 ~~165~~153,~~917~~703,~~446~~601.9922 ~~502~~470,~~708~~334,~~790~~967.1472 Ending scheduled Balance 9385,~~569~~629,~~015~~741.2002 ~~153~~138,~~703~~969,~~601~~422.2265 ~~470~~432,~~334~~480,~~967~~011.7208 Record Date 0809/3130/2003 0809/3130/2003 0809/3130/2003 Principal And Interest Constant ~~634~~584,~~201~~883.1655 1,~~626~~513,~~240~~672.9416 3,~~931~~680,~~862~~258.1357 Scheduled Principal ~~158~~148,~~954~~790.7800 ~~679~~633,~~218~~918.9498 1,~~330~~257,~~670~~396.9820 Unscheduled Principal 7,~~542~~790,~~594~~484.8818 1114,~~534~~100,~~626~~259.8359 3136,~~043~~597,~~151~~560.44 Scheduled Interest ~~475~~436,~~246~~093.3855 ~~947~~879,~~022~~753.0018 2,~~601~~422,~~191~~862.1537 Servicing Fees 3129,~~647~~240.0532 3432,~~566~~021.1258 ~~139~~130,~~813~~968.4188 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~400~~370.8738 ~~656~~608.7540 1,~~989~~861.8874 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 ~~443~~406,~~198~~482.4685 ~~911~~847,~~799~~123.1320 2,~~459~~290,~~387~~031.8675 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 Pass-Through Rate 5.213044 6.613689 5.842725

Filing Compare · SALOMON MORTGAGE LOAN TRUST SERIES 2003-NBC1