8-K 1 wfm03002.txt OCTOBER 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): October 27, 2003 WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2003-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-98129-14 02-0687025 Pooling and Servicing Agreement) (Commission 02-0687017 (State or other File Number) IRS EIN 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 October 27, 2003 a distribution was made to holders of WELLS FARGO ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2003-2 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 2003-2 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. WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2003-2 Trust By: Wells Fargo Bank Minnesota, N.A. as Master Servicer By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 10/28/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-2 Trust, relating to the October 27, 2003 distribution. EX-99.1

~~Thornburg~~Wells ~~Mortgage~~Fargo ~~Home~~Asset ~~Loans,~~Securities ~~Inc.~~Corporation Mortgage Pass-Through Certificates Record Date: 89/3130/03 Distribution Date: 910/2527/03 ~~THB~~WFMBS Series: 2003-2 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-PO ~~885220DC4~~94980JAT2 ~~SEN~~PO 0.00000% 3,315.05 0.00 20.67 A-1 94980JAA3 SEQ 5.~~45000~~25000% ~~867~~9,~~188~~166,~~775~~252.2597 40,080.51 1,~~082~~822,~~781~~210.5445 43A-2 94980JAB1 SEQ 5.25000% 47,~~621~~982,~~817~~457.7752 M209,808.89 4,041,207.22 A-13 ~~885220DD2~~94980JAC9 ~~SUB~~SEQ 15.~~86000~~25000% 1029,~~608~~451,~~900~~000.00 16128,~~991~~777.9293 0.00 MA-24 ~~885220DE0~~94980JAD7 ~~SUB~~SEQ 25.~~61000~~25000% 1033,~~608~~410,~~900~~000.00 23146,~~843~~089.5012 0.00 BA-IO5 ~~885220DH3~~94980JAE5 ~~SEN~~SEQ 3.43000% 68,325,960.38 195,191.98 6,313,019.91 A-6 94980JAF2 SEQ 5.25000% 43,686,000.00 191,022.13 0.~~00000~~00 A-7 94980JAG0 SEQ 5.25000% 6917,200,000.7600 75,209.01 0.00 A-8 94980JAH8 SEQ 4.25000% 19,802,992.89 70,097.39 1,~~766~~474,~~918~~219.3732 A-9 94980JAJ4 SEQ 4.12000% 64,998,967.49 223,041.55 4,838,800.59 A-10 94980JAK1 SEQ 5.25000% 44,410,000.00 194,187.90 0.00 RA-111 ~~885220DF7~~94980JAL9 ~~SEN~~SEQ 5.25000% 0.~~00000~~00 181,238.77 0.00 A-12 94980JAM7 SEQ 5.25000% 0.00 0.00 0.00 RA-213 ~~885220DG5~~94980JAN5 ~~SEN~~SEQ 5.25000% 0.~~00000~~00 0.00 0.00 A-14 94980JAP0 SEQ 5.25000% 0.00 0.00 0.00 ~~Totals~~A-15 ~~888~~94980JAQ8 SEQ 5.25000% 0.00 0.00 0.00 A-16 94980JAR6 SEQ 5.25000% 0.00 0.00 0.00 A-17 94980JAS4 SEQ 5.25000% 0.00 0.00 0.00 A-R 94980JAU9 RES 5.25000% 0.00 0.00 0.00 A-LR 94980JAV7 RES 5.25000% 0.00 0.00 0.00 B-1 94980JAW5 SUB 5.25000% 4,~~406~~787,~~645~~022.0125 20,931.81 17,684.81 B-2 94980JAX3 SUB 5.25000% 1,~~890~~366,~~535~~883.3377 5,976.86 5,049.71 B-3 94980JAY1 SUB 5.25000% 1,026,139.18 4,486.91 3,790.89 B-4 94980JAZ8 SUB 5.25000% 683,441.89 2,988.43 2,~~621~~524.86 B-5 94980JBA2 SUB 5.25000% 342,~~817~~697.7729 1,498.48 1,266.03 B-6 94980JBB0 SUB 5.25000% 683,956.48 2,990.68 2,526.76 Totals 387,327,087.16 1,693,618.35 18,522,321.22

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-PO 0.00 ~~823~~3,~~566~~294.38 20.67 0.00 A-1 0.00 7,~~957~~344,042.4852 441,~~704~~862,~~599~~290.3196 0.00 MA-12 0.00 1043,~~608~~941,~~900~~250.29 4,251,016.11 0.00 16A-3 0.00 29,~~991~~451,000.9200 128,777.93 0.00 MA-24 0.00 1033,~~608~~410,~~900~~000.00 23146,~~843~~089.5012 0.00 BA-IO5 0.00 6962,012,940.7647 16,~~766~~508,~~918~~211.3789 0.00 RA-6 0.00 43,686,000.00 191,022.13 0.00 A-7 0.00 17,200,000.00 75,209.01 0.00 A-8 0.00 18,328,773.57 1,544,316.71 0.00 A-9 0.00 60,160,166.90 5,061,842.14 0.00 A-10 0.00 44,410,000.00 194,187.90 0.00 A-11 0.00 0.00 181,238.77 0.00 A-12 0.00 0.00 0.00 0.00 A-13 0.00 0.00 0.00 0.00 A-14 0.00 0.00 0.00 0.00 A-15 0.00 0.00 0.00 0.00 A-16 0.00 0.00 0.00 0.00 A-17 0.00 0.00 0.00 0.00 A-R 0.00 0.00 0.00 0.00 A-LR 0.00 0.00 0.00 0.00 B-1 0.00 4,769,337.44 38,616.62 0.00 B-2 0.00 1,361,834.06 11,026.57 0.00 B-3 0.00 1,022,348.29 8,277.80 0.00 B-4 0.00 680,917.03 5,513.29 0.00 B-5 0.00 341,431.25 2,764.51 0.00 B-6 0.00 681,429.73 5,517.44 0.00 Totals 0.00 ~~844~~368,~~784~~804,~~827~~765.2493 4620,~~512~~215,~~353~~939.1057 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-PO 5,036.19 3,315.05 13.05 7.62 0.00 0.00 A-1 40,~~039~~000,~~673~~000.00 9,~~900~~166,252.97 137,784.05 1,684,426.40 0.00 ~~867~~0.00 A-2 116,~~188~~364,~~775~~000.2500 47,982,457.52 305,570.58 3,735,636.65 0.00 0.00 A-3 29,451,000.00 29,451,000.00 0.00 0.00 0.00 0.00 A-4 33,410,000.00 33,410,000.00 0.00 0.00 0.00 0.00 A-5 90,581,000.00 68,325,960.38 477,350.71 5,835,669.20 0.00 0.00 A-6 43,~~621~~686,~~817~~000.7700 43,686,000.00 0.00 0.00 M0.00 0.00 A-7 17,200,000.00 17,200,000.00 0.00 0.00 0.00 0.00 A-8 25,000,000.00 19,802,992.89 111,471.16 1,362,748.16 100.00 0.00 A-9 82,~~608~~057,~~900~~000.00 64,998,967.49 365,879.55 4,472,921.04 0.00 0.00 A-10 44,~~608~~410,~~900~~000.00 44,410,000.00 0.00 0.00 0.00 0.00 MA-211 100.00 0.00 0.00 0.00 0.00 0.00 A-12 50,~~608~~000,~~900~~000.00 100.00 0.00 0.00 0.00 0.00 A-13 15,~~608~~000,~~900~~000.00 0.00 0.00 0.00 0.00 B0.00 A-IO14 6933,285,000.7600 690.7600 0.00 0.00 0.00 0.00 RA-15 25,000,000.00 0.00 0.00 0.00 0.00 0.00 A-16 45,850,000.00 0.00 0.00 0.00 0.00 0.00 A-17 1,000.00 0.00 0.00 0.00 0.00 0.00 A-R 50.00 0.00 0.00 0.00 0.00 0.00 RA-2LR 50.00 0.00 0.00 0.00 0.00 0.00 ~~Totals~~B-1 4,903,000.00 4,787,022.25 17,684.81 0.00 0.00 0.00 B-2 1,~~060~~400,~~891~~000.00 1,~~869~~366,883.7677 ~~888~~5,~~406~~049.71 0.00 0.00 0.00 B-3 1,~~645~~051,000.0100 1,026,139.18 3,790.89 0.00 430.00 0.00 B-4 700,~~621~~000.00 683,~~817~~441.7789 2,524.86 0.00 0.00 0.00 B-5 351,000.00 342,697.29 1,266.03 0.00 0.00 0.00 B-6 700,527.06 683,956.48 2,526.76 0.00 0.00 0.00 Totals 700,405,663.25 387,327,087.16 1,430,912.16 17,091,409.07 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-PO 4320.67 3,~~621~~294.38 0.65414133 20.67 A-1 1,~~817~~822,210.7745 ~~823~~7,~~566~~344,~~957~~042.4852 0.~~79213969~~18360106 1,822,210.45 A-2 4,041,207.22 43,~~621~~941,~~817~~250.7729 M0.37761894 4,041,207.22 A-3 0.00 29,451,000.00 1.00000000 0.00 10A-4 0.00 33,~~608~~410,~~900~~000.00 1.00000000 0.00 MA-25 6,313,019.91 62,012,940.47 0.68461311 6,313,019.91 A-6 0.00 1043,~~608~~686,~~900~~000.00 1.00000000 0.00 BA-IO7 0.00 6917,200,000.7600 1.00000000 0.00 RA-8 1,474,219.32 18,328,773.57 0.73315094 1,474,219.32 A-9 4,838,800.59 60,160,166.90 0.73315094 4,838,800.59 A-10 0.00 44,410,000.00 1.00000000 0.00 A-11 0.00 0.00 0.00000000 0.00 A-12 0.00 0.00 0.00000000 0.00 A-13 0.00 0.00 0.00000000 0.00 A-14 0.00 0.00 0.00000000 0.00 A-15 0.00 0.00 0.00000000 0.00 A-16 0.00 0.00 0.00000000 0.00 A-17 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 A-2LR 0.00 0.00 0.00000000 0.00 B-1 17,684.81 4,769,337.44 0.97273862 17,684.81 B-2 5,049.71 1,361,834.06 0.97273861 5,049.71 B-3 3,790.89 1,022,348.29 0.97273862 3,790.89 B-4 2,524.86 680,917.03 0.97273861 2,524.86 B-5 1,266.03 341,431.25 0.97273860 1,266.03 B-6 2,526.76 681,429.73 0.97273863 2,526.76 Totals 4318,~~621~~522,~~817~~321.7722 ~~844~~368,~~784~~804,~~827~~765.2493 0.~~79629682~~52655880 4318,~~621~~522,~~817~~321.7722

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-PO 5,036.19 658.24561822 2.59124457 1.51304855 0.00000000 A-1 40,~~039~~000,~~673~~000.00 229.15632425 3.44460125 42.11066000 0.00000000 A-2 116,~~900~~364,000.00 ~~20852~~412.~~42245790~~34795573 2.62598897 32.10302714 0.00000000 ~~1048~~A-3 29,451,000.~~93028886~~00 1000.00000000 0.00000000 M0.00000000 0.00000000 A-14 1033,~~608~~410,~~900~~000.00 ~~25000~~1000.00000000 0.00000000 0.00000000 0.00000000 MA-25 90,581,000.00 754.30786125 5.26987680 64.42487056 0.00000000 A-6 43,686,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-7 17,200,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-8 25,000,000.00 792.11971560 4.45884640 54.50992640 0.00000000 A-9 82,057,000.00 792.11971544 4.45884629 54.50992651 0.00000000 A-10 44,~~608~~410,~~900~~000.00 ~~25000~~1000.00000000 0.00000000 0.00000000 0.00000000 BA-IO11 690.7600 ~~10000000~~0.00000000 0.00000000 0.00000000 0.00000000 RA-112 50,000,000.00 0.00000000 0.00000000 0.00000000 0.00000000 RA-213 5015,000,000.00 0.00000000 0.00000000 0.00000000 0.00000000 ~~(2)~~A-14 ~~Classes~~33,285,000.00 0.00000000 0.00000000 0.00000000 0.00000000 A-15 25,000,000.00 M0.00000000 0.00000000 0.00000000 0.00000000 A-16 45,850,000.00 0.00000000 0.00000000 0.00000000 0.00000000 A-17 1,000.00 M0.00000000 0.00000000 0.00000000 0.00000000 A-2R ~~are~~50.00 ~~per~~0.00000000 ~~$25~~0.00000000 0.00000000 0.00000000 A-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 4,903,000.00 ~~Denomination~~976.34555374 ~~Class~~3.60693657 0.00000000 0.00000000 B-IO2 ~~are~~1,400,000.00 ~~per~~976.34555000 ~~$10~~3.60693571 0.00000000 0.00000000 B-3 1,051,000.00 976.34555661 3.60693625 0.00000000 0.00000000 B-4 700,000.00 ~~Denomination~~976.34555714 ~~Classes~~3.60694286 R0.00000000 0.00000000 B-15 351,000.00 R976.34555556 3.60692308 0.00000000 0.00000000 B-26 ~~are~~700,527.06 976.34555330 3.60694132 0.00000000 0.00000000 (2) per $~~50.00~~1000 ~~Denomination~~denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-PO 0.00000000 4.10429313 654.14132509 0.65414133 4.10429313 A-1~~,048~~ 0.~~93028886~~00000000 ~~19,803~~45.~~49216903~~55526125 183.60106300 0.~~79213969~~18360106 45.55526125 A-2 0.00000000 34.72901602 377.61893962 0.37761894 34.72901602 A-3 0.00000000 0.00000000 1,~~048~~000.~~93028886~~00000000 M1.00000000 0.00000000 A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-5 0.00000000 2569.69474735 684.61311390 0.68461311 69.69474735 A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 MA-27 0.00000000 0.00000000 251,000.00000000 1.00000000 0.00000000 BA-IO8 0.00000000 58.96877280 733.15094280 0.73315094 58.96877280 A-9 0.00000000 58.96877280 733.15094264 0.73315094 58.96877280 A-10 0.00000000 0.00000000 1,000~~,000~~.00000000 1.00000000 0.00000000 RA-111 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-12 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-13 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-14 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-15 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-16 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-17 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 3.60693657 972.73861717 0.97273862 3.60693657 B-2 0.00000000 3.60693571 972.73861429 0.97273861 3.60693571 B-3 0.00000000 3.60693625 972.73862036 0.97273862 3.60693625 B-4 0.00000000 3.60694286 972.73861429 0.97273861 3.60694286 B-5 0.00000000 3.60692308 972.73860399 0.97273860 3.60692308 B-6 0.00000000 3.60694132 972.73862626 0.97273863 3.60694132 (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 A-PO 5,036.19 0.00000% 3,315.05 0.00 0.00 0.00 A-1 40,~~039~~000,~~673~~000.00 5.25000% 9,~~900~~166,252.97 40,102.36 0.00 10.~~45000~~00 A-2 116,364,000.00 5.25000% ~~867~~47,~~188~~982,~~775~~457.52 209,923.25 10.00 0.00 A-3 29,~~082~~451,~~781~~000.5400 5.25000% 29,451,000.00 128,848.13 0.00 0.00 MA-14 1033,~~608~~410,~~900~~000.00 15.~~86000~~25000% 1033,~~608~~410,~~900~~000.00 16146,~~991~~168.9275 0.00 0.00 MA-25 1090,~~608~~581,~~900~~000.00 23.~~61000~~43000% 68,325,960.38 195,298.37 0.00 0.00 A-6 43,686,000.00 5.25000% 43,686,000.00 191,126.25 0.00 0.00 A-7 17,200,000.00 5.25000% 17,200,000.00 75,250.00 0.00 0.00 A-8 25,000,000.00 4.25000% 19,802,992.89 70,135.60 0.00 0.00 A-9 82,057,000.00 4.12000% 64,998,967.49 223,163.12 0.00 0.00 A-10 44,~~608~~410,~~900~~000.00 235.25000% 44,~~843~~410,000.00 194,293.75 0.00 0.00 A-11 0.00 5.25000% 41,448,585.53 181,337.56 0.00 0.00 A-12 50,000,000.00 5.25000% 0.00 0.00 B0.00 0.00 A-IO13 6915,000,000.7600 5.25000% 0.~~00000~~00 0.00 0.00 0.00 A-14 33,285,000.00 5.25000% 690.7600 0.00 0.00 0.00 RA-15 25,000,000.00 5.25000% 0.00 0.00 0.00 0.00 A-16 45,850,000.00 5.25000% 0.00 0.00 0.00 0.00 A-17 1,000.00 5.25000% 0.00 0.00 0.00 0.00 A-R 50.00 5.25000% 0.~~00000~~00 0.00 0.00 0.00 A-LR 50.00 5.25000% 0.00 0.00 0.00 0.00 RB-1 4,903,000.00 5.25000% 4,787,022.25 20,943.22 0.00 0.00 B-2 501,400,000.00 5.25000% 1,366,883.77 5,980.12 0.~~00000~~00 0.00 B-3 1,051,000.00 5.25000% 1,026,139.18 4,489.36 0.00 0.00 B-4 700,000.00 5.25000% 683,441.89 2,990.06 0.00 0.00 ~~Totals~~B-5 351,000.00 5.25000% 342,697.29 1,~~060~~499.30 0.00 0.00 B-6 700,~~891~~527.06 5.25000% 683,~~869~~956.7648 2,992.31 0.00 0.00 Totals 700,405,663.25 1,~~123~~694,~~616~~541.9651 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-PO 0.00 0.00 0.00 0.00 3,294.38 A-1 21.85 0.00 40,~~082~~080.51 0.00 7,~~781~~344,042.5452 A-2 114.36 0.00 ~~823~~209,~~566~~808.89 0.00 43,~~957~~941,250.4829 MA-13 70.19 0.00 128,777.93 0.00 1629,~~991~~451,000.9200 A-4 79.63 0.00 10146,~~608~~089.12 0.00 33,~~900~~410,000.00 MA-25 106.39 0.00 195,191.98 0.00 2362,~~843~~012,940.5047 A-6 104.12 0.00 10191,~~608~~022.13 0.00 43,~~900~~686,000.00 BA-IO7 40.99 0.00 75,209.01 0.00 117,~~766~~200,~~918~~000.00 A-8 38.21 0.00 70,097.39 0.00 18,328,773.57 A-9 121.57 0.00 223,041.55 0.00 60,160,166.90 A-10 105.85 0.00 194,187.90 0.00 44,410,000.00 A-11 98.79 0.00 181,238.77 0.00 37,937,774.06 A-12 0.00 690.7600 R0.00 0.00 0.00 A-113 0.00 0.00 0.00 0.00 0.00 A-14 0.00 0.00 0.00 0.00 0.00 A-15 0.00 0.00 0.00 0.00 0.00 A-16 0.00 0.00 0.00 0.00 0.00 A-17 0.00 0.00 0.00 0.00 0.00 A-R 0.00 0.00 0.00 0.00 0.00 A-LR 0.00 0.00 0.00 0.00 0.00 B-1 11.41 0.00 20,931.81 0.00 4,769,337.44 B-2 3.26 0.00 5,976.86 0.00 1,361,834.06 B-3 2.45 0.00 4,486.91 0.00 1,022,348.29 B-4 1.63 0.00 ~~Totals~~2,988.43 0.00 680,917.03 B-5 0.82 0.00 1,498.48 0.00 341,431.25 B-6 1.63 0.00 2,~~890~~990.68 0.00 681,~~535~~429.3373 Totals 923.15 0.00 1,693,618.35 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 A-PO 5,036.19 0.00000% 658.24561822 0.00000000 0.00000000 0.00000000 A-1 40,~~039~~000,~~673,900~~000.00 15.~~45000~~25000% ~~20852~~229.~~42245790~~15632425 261.~~03656637~~00255900 0.00000000 0.00000000 MA-12 10116,~~608~~364,~~900~~000.00 5.25000% 412.34795573 1.~~86000~~80402229 0.00000000 0.00000000 A-3 29,451,000.00 5.25000% 1000.00000000 4.37500017 0.00000000 0.00000000 A-4 33,410,000.00 5.25000% 1000.00000000 404.~~04166313~~37500000 0.00000000 0.00000000 MA-25 1090,~~608~~581,~~900~~000.00 3.43000% 754.30786125 2.~~61000~~15606330 0.00000000 0.00000000 A-6 43,686,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000 A-7 17,200,000.00 5.25000% 1000.00000000 564.~~18749352~~37500000 0.00000000 0.00000000 BA-IO8 6925,000,000.7600 4.25000% 792.11971560 2.80542400 0.~~00000~~00000000 0.00000000 A-9 82,057,000.00 4.12000% ~~10000000~~792.11971544 2.71961100 0.00000000 0.00000000 A-10 44,410,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000 RA-111 500.00 5.25000% 770.06038929 3.36901417 0.~~00000~~00000000 0.00000000 A-12 50,000,000.00 5.25000% 0.00000000 0.00000000 0.00000000 0.00000000 RA-213 5015,000,000.00 5.25000% 0.~~00000~~00000000 0.00000000 0.00000000 0.00000000 A-14 33,285,000.00 5.25000% 0.00000000 0.00000000 0.00000000 0.00000000 (A-15 25,000,000.00 5).25000% ~~Classes~~0.00000000 0.00000000 0.00000000 0.00000000 A-16 45,850,000.00 M5.25000% 0.00000000 0.00000000 0.00000000 0.00000000 A-17 1,000.00 M5.25000% 0.00000000 0.00000000 0.00000000 0.00000000 A-2R ~~are~~50.00 ~~per~~5.25000% ~~$25~~0.00000000 0.00000000 0.00000000 0.00000000 A-LR 50.00 5.25000% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 4,903,000.00 ~~Denomination~~5.25000% ~~Class~~976.34555374 4.27151132 0.00000000 0.00000000 B-IO2 ~~are~~1,400,000.00 ~~per~~5.25000% ~~$10~~976.34555000 4.27151429 0.00000000 0.00000000 B-3 1,051,000.00 5.25000% 976.34555661 4.27151284 0.00000000 0.00000000 B-4 700,000.00 ~~Denomination~~5.25000% ~~Classes~~976.34555714 R4.27151429 0.00000000 0.00000000 B-15 351,000.00 R5.25000% 976.34555556 4.27150997 0.00000000 0.00000000 B-26 700,527.06 5.25000% 976.34555330 4.27151237 0.00000000 0.00000000 (5) All classes are per $~~50.00~~1000 ~~Den~~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-PO 0.00000000 0.00000000 260.~~03656637~~00000000 0.00000000 ~~19803~~654.~~49216903~~14132509 MA-1 0.00054625 0.00000000 1.00201275 0.00000000 40183.~~04166313~~60106300 A-2 0.00098278 0.00000000 ~~25000~~1.80303951 0.00000000 M377.61893962 A-3 0.00238328 0.00000000 4.37261655 0.00000000 1000.00000000 A-4 0.00238342 0.00000000 4.37261658 0.00000000 1000.00000000 A-5 0.00117453 0.00000000 2.15488877 0.00000000 684.61311390 A-6 0.00238337 0.00000000 564.~~18749352~~37261663 0.00000000 ~~25000~~1000.00000000 BA-IO7 0.00238314 0.00000000 4.37261686 0.00000000 ~~285316800~~1000.~~45900000~~00000000 A-8 0.00152840 0.00000000 ~~10000000~~2.80389560 0.00000000 R733.15094280 A-19 0.00148153 0.00000000 2.71812947 0.00000000 733.15094264 A-10 0.00238347 0.00000000 4.37261653 0.00000000 1000.00000000 A-11 0.00183539 0.00000000 3.36717878 0.00000000 704.83411407 A-12 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-13 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-14 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-15 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-16 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-17 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00232715 0.00000000 4.26918417 0.00000000 972.73861717 B-2 0.00232857 0.00000000 4.26918571 0.00000000 972.73861429 B-3 0.00233111 0.00000000 4.26918173 0.00000000 972.73862036 B-4 0.00232857 0.00000000 4.26918571 0.00000000 972.73861429 B-5 0.00233618 0.00000000 4.26917379 0.00000000 972.73860399 B-6 0.00232682 0.00000000 4.26918555 0.00000000 972.73862626 (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 0134,850.0045 Deposits Payments of Interest and Principal 4620,~~758~~323,~~669~~487.6238 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~26,490~~0.7100 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties ~~6,349~~0.9900 Total Deposits 4620,~~791~~323,~~510~~487.3238 Withdrawals Reimbursement for Servicer Advances ~~35,650~~0.8200 Payment of Service Fee ~~243~~70,~~506~~715.4091 Payment of Interest and Principal 4620,~~512~~215,~~353~~939.1057 Total Withdrawals (Pool Distribution Amount) 4620,~~791~~286,~~510~~655.3248 Ending Balance 0171,682.0036

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 014,081.0099 Servicing Fee Support 013,158.0084 Non-Supported Prepayment/Curtailment Interest Shortfall 0923.0015

SERVICING FEES Gross Servicing Fee ~~226~~80,~~449~~648.2280 ~~External~~ Master Servicing Fee- ~~Washington Mutual~~ 3,~~579~~225.9295 ~~Master Servicing Fee- Wells Fargo 12,994.61 Trustee Fee - Deutsche Bank 482.65~~ Supported Prepayment/Curtailment Interest Shortfall 013,158.0084 Net Servicing Fee ~~243~~70,~~506~~715.4091

~~OTHER~~LOAN ~~ACCOUNTS~~STATUS ~~Beginning~~STRATIFICATION/CREDIT ~~Current~~ENHANCEMENT ~~Current~~STATEMENT ~~Ending~~DELINQUENCY ~~Account~~STATUS ~~Type~~DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance ~~Withdrawals~~Principal ~~Deposits~~Balance Principal Balance ~~Reserve~~Principal ~~Fund~~Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 ~~Financial~~30 ~~Guaranty~~Days 0 0 0 0 0 0.00 0.00 0.00 0.00 ~~Yield~~0.00 ~~Maintence~~60 ~~Reserve~~Days ~~Fund~~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 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 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%

~~LOAN~~OTHER ~~STATUS~~INFORMATION ~~STRATIFICATION/CREDIT~~Current ~~ENHANCEMENT~~Period ~~STATEMENT~~Class ~~DELINQUENCY~~A ~~STATUS~~Insufficient ~~DELINQUENT~~Funds ~~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~~Principal ~~0.00~~Balance ~~0.00~~of 30Contaminated ~~Days~~Properties 21 0 ~~0 0 21 6,365,664~~.~~56 0.~~00 ~~0.00~~Periodic ~~0.00~~Advance 669,~~365,664~~417.56 60 Days 2 0 0 0 2 580,326.51 0.00 0.00 0.00 580,326.51 90 Days 3 0 0 0 3 1,183,938.91 0.00 0.00 0.00 1,183,938.91 120 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 26 0 0 0 26 8,129,929.98 0.00 0.00 0.00 8,129,929.98 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 1.050000% 0.000000% 0.000000% 0.000000% 1.050000% 0.750972% 0.000000% 0.000000% 0.000000% 0.750972% 60 Days 0.100000% 0.000000% 0.000000% 0.000000% 0.100000% 0.068462% 0.000000% 0.000000% 0.000000% 0.068462% 90 Days 0.150000% 0.000000% 0.000000% 0.000000% 0.150000% 0.139672% 0.000000% 0.000000% 0.000000% 0.139672% 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 1.300000% 0.000000% 0.000000% 0.000000% 1.300000% 0.959107% 0.000000% 0.000000% 0.000000% 0.959107%45

~~OTHER~~SUBORDINATION ~~INFORMATION~~LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current ~~Period~~Original $ Original % Current $ Current % Class% Prepayment% Class A ~~Insufficient~~9,105,527.06 ~~Funds~~1.30003618% 8,857,297.80 2.40162238% 97.598356% 100.000000% Class B-1 4,202,527.06 0.0060001329% ~~Principal~~4,087,960.36 ~~Balance~~1.10843480% of1.293199% ~~Contaminated~~0.000000% ~~Properties~~Class B-2 2,802,527.06 0.0040012913% ~~Periodic~~2,726,126.30 ~~Advance~~0.73917871% 260.369259% 0.000000% Class B-3 1,~~490~~751,527.7106 0.25007323% 1,703,778.01 0.46197288% 0.277208% 0.000000% Class B-4 1,051,527.06 0.15013115% 1,022,860.98 0.27734484% 0.184630% 0.000000% Class B-5 700,527.06 0.10001733% 681,429.73 0.18476706% 0.092579% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.184769% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description ~~Mixed~~Fixed ~~ARM~~15 Year Weighted Average Gross Coupon 45.~~212101~~832286% Weighted Average ~~Net Coupon 3.902318% Weighted Average~~ Pass-Through Rate 35.~~884167~~250000% Weighted Average Maturity(Stepdown Calculation ) ~~327~~170 Beginning Scheduled Collateral Loan Count ~~2,088~~881 Number Of Loans Paid In Full 8834 Ending Scheduled Collateral Loan Count ~~2,000~~847 Beginning Scheduled Collateral Balance ~~891~~387,~~058~~327,~~874~~087.4315 Ending Scheduled Collateral Balance ~~847~~368,~~437~~804,~~056~~765.6693 Ending Actual Collateral Balance at 3130-~~Aug~~Sep-2003 ~~847~~369,~~656~~659,~~535~~893.6064 Ending Scheduled Balance For Wells Fargo Serviced 368,356,417.97 Ending Scheduled Balance For Other Servicers 448,347.96 Monthly P &I Constant 3,~~410~~273,~~150~~548.0879 Special Servicing Fee 0.00 Prepayment Penalties ~~6,349~~0.9900 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 20,145,104.64 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans ~~847~~367,~~437~~075,~~056~~217.6696 Ending scheduled Balance For discounted Loans 1,729,547.97 Scheduled Principal ~~282~~1,~~458~~430,912.3815 Unscheduled Principal 4317,~~339~~091,~~359~~409.3907 ~~Required~~Unpaid ~~Overcollateralization~~Principal ~~Amount~~Balance ~~0.00~~Of ~~Overcollateralized~~Outstanding ~~Increase~~Mortgage ~~Amount~~Loans ~~0.00~~With ~~Overcollateralized~~Or ~~reduction~~Less ~~Amount~~Than ~~0.00~~Or ~~Specified~~Equal ~~O/C~~To ~~Amount~~80% 2367,~~652~~010,~~229~~111.4239 ~~Overcollateralized~~Greater ~~Amount~~Than 280%,~~652,229.42~~ ~~Overcollateralized~~less ~~Deficiency~~than ~~Amount~~or 0equal to 85% 1,663,452.0073 ~~Base~~Greater ~~Overcollateralized~~than ~~Amount~~85%, ~~0.00~~less ~~Extra~~than ~~principal~~or ~~distribution~~equal ~~Amount~~to 095% 51,360.0093 ~~Excess~~Greater ~~Cash~~than ~~Amount~~95% ~~1,760,568~~0.3800

Beginning Class B-IO Notional Amount $888,406,645.01 Ending Class B-IO Notional Amount $884,784,827.24 Ending Scheduled Principal Balance of the T $63,699,192.96 Ending Scheduled Principal Balance of the F $288,114,649.22 Ending Scheduled Principal Balance of the 7 $63,191,358.63

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Coupon Rate 4.212101% Weighted Average Net Rate 3.902318% Weighted Average Pass Through Rate 3.884167% Weighted Average Maturity 327 Record Date 08/31/2003 Principal and Interest Constant 3,410,150.08 Beginning Loan Count 2,088 Loans Paid in Full 88 Ending Loan Count 2,000 Beginning Scheduled Balance 891,058,874.43 Ending Scheduled Balance 847,437,056.66 Ending Actual Balance at 31-Aug-2003 847,656,535.60 Scheduled Principal 282,458.38 Unscheduled Principal 43,339,359.39 Scheduled Interest 3,127,691.70 Servicing Fee 226,449.22 Master Servicing Fee 12,994.61 Trustee Fee 482.65 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 3,579.92 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 2,884,185.30 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.00 Special Servicing Fee 0.00 Prepayment Penalties 6,349.99 Required Overcollateralized Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized Reduction Amount 0.00 Specified O/C Amount 2,652,229.42 Overcollateralized Amount 2,652,229.42 Overcollateralized Deficiency Amount 0.00 Base Overcollateralization Amount 0.00

Filing Compare · STRUCTURED ASSET MORT INV INC THORNBURG MORT SEC TR 2003-2